Market Update for the Lehigh Valley, Pennsylvania for June 2009

By
Real Estate Agent with Cindy Stys Equestrian and Country Properties, Ltd. PA License #AB068077

 

The real estate figures for June 2009 have just come out for the Lehigh Valley, Pennsylvania, and they are looking great!

 

The number of sales for June 2009 increased by 33.3%, from 442 sales in May 2009 up to 589 sales.

 

The average sales price rose by 8%.  The average price recorded for June 2009 was $218,000 where in May 2009 the average price was $202,000.

 

The average time on the market for a home decreased.  During June 2009 the average market time was 81 days as compared to 83 days in May 2009.

 

Based on 6 new construction properties sold during the month of June, the average sales price for a new home, consisting of 4 bedrooms and 2 1/2 baths, was $370,000, down from the average price of $464,000 in May 2009.

 

June Sales Distribution

Sale Price                            Number of Sales

under $70,000                             27
$70,001 - $100,000                     36
$100,001 - $150,000                   98
$150,001 - $200,000                  145
$200,001 - $250,000                  113
$250,001 - $300,000                    69
$300,001 - $350,000                    45
$350,001 - $400,000                    16
$400,001 - $450,000                    18
$450,001 - $500,000                     7
$500,001 - $600,000                    10
$600,001 - $700,000                     1
$700,001 - $800,000                     2
$800,001 and above                     2

 

Looks like the market is picking up in the Lehigh Valley, Pennsylvania.

 

Posted by

Brigita McKelvie is a REALTOR®  (Pennsylvania License #RS297130) with Cindy Stys Equestrian & Country Properties, specializing in rural and horse properties and farms in Eastern Pennsylvania.  She has an e-Pro® (Certified Internet Expert) certification and a GRI (Graduate, REALTOR® Institute) designation.  

Brigita McKelvie, REALTOR

Pennsylvania License #RS297130

Rural and Horse Properties and Farms

 

Cindy Stys Equestrian & Country Properties, Ltd.Cindy Stys Equestrian & Country Properties, Ltd.

 

The Premier Equine and Country Real Estate firm serving Eastern Pennsylvania from back yard operations to world class equestrian facilities.

Use a REALTOR with "horse sense" that doesn't horse around when it comes to horse properties.

 

 

e-ProGRI (Graduate, REALTOR Institute)BNI

 

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