Home > Blogs > Nick Vandekar, 610-203-4543 > The Main Line and Chester County Real Estate Blog

2023 Main Line real estate market prediction video

By Nick Vandekar, 610-203-4543

Real Estate Agent with Realty ONE Group Advocates 484-237-2055 PA License - AB067198

January 06, 2023 02:17 PM

Everyone wishes they had a crystal ball to know what 2023 holds for the Philadelphia Main Line real estate market. Realty transfer tax collected dropped 7.1% in 2022 indicating that sales volume dropped significantly as prices rose. Watch our video below for what I expect will happen to our local market. It is not all doom and gloom, although the market is changing and is in transition from a sellers market to a buyers market.

Remember, if you are considering buying or selling on or around the Main Line and Chester County contact Nick Vandekar, Selling The Main Line and Chester County with Long & Foster Real Estate Inc., office 610-225-7400, cell or text 610-203-4543, email Nick@VandekarTeam.com. I welcome your call and look forward to discussing your needs and goals for 2023.

Re-Blog

Comments(13)

Comment

Show All Comments

Sort:

Kathy Streib

Cypress, TX

Home Stager/Redesign

Hi Nick- the numbers speak! The 7.1% drop in Realty Transfer Tax is certainly an indicator.

Jan 06, 2023 05:15 PM

Nick Vandekar, 610-203...

Downingtown, PA

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

You definitely know what is going on in your market and buyers and sellers would be wise to listen to what you have to say!

Jan 07, 2023 04:26 AM

Andrew Mooers | 207.53...

Houlton, ME
Andrew Mooers | 207.53...

Houlton, ME
Andrew Mooers | 207.53...

Houlton, ME
Nick Vandekar, 610-203...

Downingtown, PA

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Nice video, Nick... that being said, the market is so "weird" and unpredictable, I'm happy to report on what's been happening, but very reluctant to make predictions.

Jan 07, 2023 04:54 AM

Nick Vandekar, 610-203...

Downingtown, PA

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

We met with sellers the other day Nick and they didn't want to hear about how the market is shifting. They said they want what they want and don't care about the numbers. We did NOT take their listing and they were shocked!

Jan 07, 2023 07:10 AM

Nina Hollander, Broker

Charlotte, NC
Nick Vandekar, 610-203...

Downingtown, PA
Lawrence "Larry" & She...

Plainview, NY

Patricia Feager, MBA, CRS, GRI,MRP

DFW FINE PROPERTIES - Flower Mound, TX

Selling Homes Changing Lives

Nick Vandekar, 610-203-4543 - I really liked your video presentation on the market and predictions. I would trust you and I hope if people are considering buying or selling, they contact you.

Jan 07, 2023 07:43 AM

Andrew Mooers | 207.53...

Houlton, ME
Nick Vandekar, 610-203...

Downingtown, PA

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Hello Nick and happy Saturday and great information in your blog to share with us here in the Rain. Make it a great day!

Jan 07, 2023 09:32 AM

Andrew Mooers | 207.53...

Houlton, ME
Nick Vandekar, 610-203...

Downingtown, PA

Nick Vandekar, 610-203-4543

Realty ONE Group Advocates 484-237-2055 - Downingtown, PA

Selling the Main Line & Chester County

Kathy Streib when you consider how much prices increased year on year you realize how far off the market is in terms of volume decline.

Brian England thank you.

Nina Hollander, Broker I understand, however, people want to know what we think, most economists and weather forecasters get paid even though they are wrong most of the time.

Jan 09, 2023 10:28 AM

Brian England

Gilbert, AZ
Nina Hollander, Broker

Charlotte, NC

Nick Vandekar, 610-203-4543

Realty ONE Group Advocates 484-237-2055 - Downingtown, PA

Selling the Main Line & Chester County

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 maybe that got their attention and they will reconsider after it has sat on the market awhile.

Patricia Feager, MBA, CRS, GRI,MRP thank you, I intend to put out at least one video a week.

Will Hamm thanks for stopping by, have a great week.

Jan 09, 2023 10:30 AM

Toby Barnett

KW North Sound - Marysville, WA

Toby Barnett

Home inspections! Spot on! We're seeing them out here in Washington State along with other seller concessions though prices aren't softening as fast as some have expected.

Jan 09, 2023 11:45 AM

Nick Vandekar, 610-203...

Downingtown, PA

Nick Vandekar, 610-203-4543

Realty ONE Group Advocates 484-237-2055 - Downingtown, PA

Selling the Main Line & Chester County

Toby Barnett we have seen home inspections making a comeback which is a great step as so many buyers had to waive them if they wanted any chance to buy a home in the last 2 years.

Jan 09, 2023 12:20 PM

Toby Barnett

Marysville, WA

Toby Barnett

Changing times we live in, once again. Thanks for the follow and enjoy the week, Nick.

Jan 10, 2023 09:53 AM

Andrew Mooers | 207.532.6573

MOOERS REALTY - Houlton, ME

Northern Maine Real Estate-Aroostook County Broker

Great job Nick Vandekar, 610-203-4543 ! You know your local market.

Jan 13, 2023 03:48 AM

Nick Vandekar, 610-203...

Downingtown, PA

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Nick, it will be interesting to see how this new year will unfold, and if our buyers and sellers want to move.

Jan 16, 2023 06:06 AM

Nick Vandekar, 610-203-4543

Realty ONE Group Advocates 484-237-2055 - Downingtown, PA

Selling the Main Line & Chester County

Andrew Mooers | 207.532.6573 thank you for stopping by.

Joan Cox I think we are starting to see more buyers adjusting to the changes to interest rates and we are seeing sales still moving ahead as homes are listed.

Jan 17, 2023 08:07 AM