Here are the 4th quarter 2008market statistics for Bedminster Township, East Rockhill Township, Hilltown Township, Perkasie Borough, Selllersville Borough, Silverdale Borough & West Rockhill Township. These municipalities are all part of the Pennridge School District. As you can see during the last quarter of 2008 the average sale price was $312,829, 85 homes were sold, and it took approximately 98 days to sell a home. These were all residential resales (no multifamily or commercial listings) and were priced between $100,000 and $1,000,000.
|
Date
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Units Listed
|
Listed Volume
|
Listed Average
|
Pended
|
Units Sold
|
Sold Volume
|
Sold Average
|
Average DOM
|
|
Dec 2008
|
34
|
10,262,680
|
301,843
|
19
|
22
|
6,213,004
|
282,409
|
110
|
|
Nov 2008
|
46
|
19,109,641
|
415,426
|
20
|
27
|
7,742,380
|
286,754
|
112
|
|
Oct 2008
|
49
|
18,769,965
|
383,060
|
24
|
36
|
12,635,120
|
350,975
|
81
|
|
|
|
|
|
|
|
|
|
|
|
Totals:
|
129
|
48,142,286
|
373,196
|
63
|
85
|
26,590,504
|
312,829
|
98
|
|
|
|
|
|
|
|
|
|
|
|
Minimum Prices
|
Maximum Prices
|
Average Prices
|
|
Original List Price : $139,900
|
Original List Price: $849,000
|
Original List Price: $340,747
|
|
Sold Price : $120,000
|
Sold Price: $740,000
|
Sold Price: $312,829
|
I have also included a brief print out of the year of 2008 from January to December below. The average sale price for the year was $305,969 and took about 85 days to sell a home.
|
Totals:
|
1009
|
373,049,999
|
369,722
|
422
|
428
|
130,955,087
|
305,969
|
85
|
During the 4th quarter of 2007, the numbers were as follows: The average sale price was $332,948, there were 104 homes sold and it took approximately 75 days to sell a home.
|
Date
|
Units Listed
|
Listed Volume
|
Listed Average
|
Pended
|
Units Sold
|
Sold Volume
|
Sold Average
|
Average DOM
|
|
Dec 2007
|
41
|
15,923,880
|
388,387
|
22
|
27
|
9,521,007
|
352,629
|
76
|
|
Nov 2007
|
73
|
30,056,476
|
411,732
|
34
|
39
|
13,046,545
|
334,526
|
78
|
|
Oct 2007
|
84
|
32,638,208
|
388,550
|
34
|
38
|
12,059,124
|
317,345
|
72
|
|
|
|
|
|
|
|
|
|
|
|
Totals:
|
198
|
78,618,564
|
397,063
|
90
|
104
|
34,626,676
|
332,948
|
75
|
|
|
|
|
|
|
|
|
|
|
|
Minimum Prices
|
Maximum Prices
|
Average Prices
|
|
Original List Price : $149,900
|
Original List Price: $979,000
|
Original List Price: $355,154
|
|
Sold Price : $110,000
|
Sold Price: $855,000
|
Sold Price: $332,948
|
Again. I have include the yearly averages for 2007 in a one line report below:
|
Totals:
|
1226
|
466,016,220
|
380,111
|
519
|
537
|
174,636,351
|
325,207
|
75
|
As you can see, the average price has dropped about $20,000 but could be more or less for your home, depending on its price range. If you want to sell your home, you need to have reasonable expectations. If you price it correctly and it is well maintained it will sell.
These market statistics were comprised through Trendmls.com and are deemed reliable but not guaranteed.
It is a good time to buy a home. This is inventory available to choose from, prices are good and mortgage rates are at a historical low. Real Estate, over all, remains a good investment, although it may not seem so if you bought your home 2-3 yrs ago. Historically it goes through cycles and although it has been down, it will go up. If you bought your home in 1999 or before, you home value has at the very minimum doubled.
If you are considering either buying or selling a home in the Pennridege School District or in the surrounding Bucks County Real Estatemarket or the neighboring counties, please contact Linda Tremblay or Marcie Purcell. We would love to help you with your real estate needs.
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