Real Estate Market Improving in the Lehigh Valley, PA

 

The Market Update for April, 2008, for the Lehigh Valley just came out and it is showing some improvement in the real estate market. 

 

Home sales were up in April, 2008, by approximately 11.7%, from 444 sales in March, 2008, up to 496 in April. 

 

The average sale price of a home was recorded at $229,000 for April 2008, where in March, 2008, it was $208,000.  That is an increase of 10.1% from the previous month.  Even new construction saw an increase. The average sale price of a 4 bedroom, 2 1/2 bath new home was $469,000 in April where as in March it was $418,000.

 

The average days on the market for a home in April, 2008, was 67 days, down from 73 days in March of 2008.

 

All in all, it looks like the market has taken a turn for the better in April, 2008.

 
This post has been included in Pennsylvania Information Northampton County, PA Information Lehigh Valley, PA Information
Post is included in group: New Jersey & Pennsylvania -- Realtors/Loan Officers/Title Clerks/Real Estate Lawyers
Post is included in group: Pennsylvania Professionals
Post is included in group: Posts to Localism
Post is included in group: The Greater Lehigh Valley
Post is included in group: Local Expert

11 Comments on Real Estate Market Improving in the Lehigh Valley, PA

Brigita:  Glad to see things are also looking up in Lehigh!

05/09/2008 10:53 AM by Linda Tremblay, Bucks County Real Estate (Long & Foster Real Estate, Inc, PA License #AB065488)

Here in SW Florida, single family residential sales continue to be strong, although average prices have not moved up at all.  A big percentage of sales are REOs at firesale prices, mostly to investors who plan to rent the homes for 3 to 5 years.  Some homestaeders, mostly 55+, which is a throw-back to the eighties and nineties for Cape Coral.  OB/GYN docs and hospitals complain of drastically reduced business as young families retreat to the old neighborhood "Up Nawth".
JimG

05/09/2008 10:57 AM by Cape Coral Florida Golf Course and Waterfront Homes (Sellstate Advantage Realty)

Linda:


It certainly is good news!

05/09/2008 11:01 AM by Brigita McKelvie (Vision Realty Group)

Jim:


Great to hear your residential sales are still strong.


Maybe the young families are homesick and miss the cold weather.  LOL 

05/09/2008 11:09 AM by Brigita McKelvie (Vision Realty Group)

Nice positive post Brigita!Let's hear more of those!Have a Great weekend!

05/09/2008 09:40 PM by Beach & Luxury Realty Inc

Nice positive post Brigita!Let's hear more of those!Have a Great weekend!

05/09/2008 09:47 PM by Beach & Luxury Realty Inc

BLR Guy:


Being positive is the best thing.  It's good for the soul.


You have a great weekend, too!

05/10/2008 07:45 AM by Brigita McKelvie (Vision Realty Group)

Brigita, sounds great, good positive news is what we all need at this time.

05/10/2008 02:48 PM by Duane Marlink, Rate A Home (Rate A Home)

Things are improving in my market as well. Good luck. Have a great weekend.

05/11/2008 06:19 AM by GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES (ReMax Centre Realtors)

Duane:


It should always be about the positive.  :-)

05/11/2008 08:41 AM by Brigita McKelvie (Vision Realty Group)

Gita:


I believe this whole area is starting to see an improvement. 


You have a great weekend, too.

05/11/2008 08:42 AM by Brigita McKelvie (Vision Realty Group)

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Brigita McKelvie (Vision Realty Group)
Brigita McKelvie
Nazareth, PA
More about me…
Vision Realty Group

Office Phone: (610) 759-9100
Cell Phone: (610) 393-9424
Email Me
Residential & Horse Properties in Nazareth, Lehigh Valley and surrounding areas in PA hit counters

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find PA real estate agents and Nazareth real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved