Market Report & Homes Sales for Bensalem PA Real Estate December 2013
The median sales price for homes in Bensalem PA for August 13 to November 13 was $205,000. This represents a decline of 4.7%, or $10,000, compared to the prior quarter and a decrease of 10.5% compared to the prior year.
Sales prices have depreciated 18% over the last 5 years in Bensalem. The average listing price for Bensalem homes for sale was $252,220 for the week ending November 20, which represents an increase of 1.8%, or $4,474, compared to the prior week and an increase of 2.8%, or $6,934, compared to the week ending October 30.
Average price per square foot for Bensalem PA was $138, an increase of 1.5% compared to the same period last year.
Bensalem Summary
The median sales price for homes in Bensalem PA for August 13 to November 13 was $205,000 based on 97 home sales. Compared to the same period one year ago, the median home sales price decreased 10.5%, or $23,950, and the number of home sales increased 12.8%.
There are currently 212 resale and new homes in Bensalem including 2 open houses, as well as 192 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Bensalem PA was $252,220 for the week ending November 20, which represents an increase of 1.8%, or $4,474, compared to the prior week.
Things to be Thankful for in 2013:
- Median Home Sale Prices showed 9 consecutive months of double-digit year-over-year increases.
- Total existing-home sales, which are completed transactions that include single-family homes, townhouses, condominiums and co-ops are at the highest pace since February 2007 and have remained above year-ago levels for the past 26 months.
- The national median existing-home price for all housing types was has seen the strongest year-over-year price gain since October 2005 and marks 18 consecutive months of year-over-year price increases.
- Distressed homes – foreclosures and short sales – accounted for 12 percent of August sales, down 15 percent in July, and is the lowest since monthly tracking began in October 2008.
This Thanksgiving: May you feel happy, may you feel healthy and may you feel at ease!
Source: Trend MLS and Realtor.com
I am thankful for all of my clients -- past, present and future.
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