Real Estate Market Report in Saylorsburg PA for April 2014 in the Poconos.
AVERAGE SOLD PRICE OF HOMES IN SAYLORSBURG PA:
The Average Sold Price of homes sold in Saylorsburg PA for April was $140k, DOWN from $178k for April of 2013. Obviously too many foreclosures were sold in the Saylorsburg market for April. The percentage of foreclosures sold for the Month county wide was 40% in April. Way, way too high.
NUMBER OF HOMES SOLD IN SAYLORSBURG PA:
The Number of Homes Sold in Saylorsburg PA for April was 10, UP 43% from 7 for April 2013. It is great to see that the demand for homes remains high in the Real estate market report in Saylorsburg for April.
YEAR TO DATE STATISTICS FOR 2014 IN SAYLORSBURG PA:
The Year to Date Average Sold Price in Saylorsburg PA for 2014 is $159K , UP from $131k for 2013. GREAT NEWS! The year to date prices are the ones we look to for improvement and we are SEEING it.
The Number of Homes Sold Year to Date in Saylorsburg PA for 2014 is 32, UP from 22 for 2013. Once again showing the Demand for homes in Saylorburg continues to stay strong and obviously the Inventory is there for those Buyers. Wise Buyers know that NOW is the best time to buy a home in Saylorsburg PA.
This month makes 18 months in a row that the number of homes sold in the Poconos has exceeded the previous years numbers. With increased demand comes an increase in prices, eventually. The Absorption Rate needs to drop to around 6 months to be a balanced market and then at that point we have our best chances of seeing our prices begin to rise again, steadily.
More Important Statistics to consider in the Real Estate Market Report for Saylorsburg PA in April 2014 are:
- The Average Days on the Market was 281 days
- The Sale to List Price Ratio was around 97,5%
- The Absorption Rate dropped to 8.5 months
- The Number of Pending homes is currently at 16 homes
- The Number of Active Listings is 70 versus 64 for April 2013
We are in THE BEST REAL ESTATE MARKET we have seen in Saylorsburg PA and in the Poconos for years.
Real Estate Market Report in Saylorsburg PA for April 2014.
All these Pocono Real Estate Market Trends tell us that it is a Great Time to sell your home in Saylorsburg PA. When looking for a Real Estate Agent in Saylorsburg PA, enlist the services of your Local Pocono Realtor©, Bobbie Smith! Realize the Value of having your home being found everywhere on the Internet with our MAXimum Marketing! 92% of our Buyers come to us from the Internet so THAT is where you need to be!