Real Estate in Chester County has softened in certain areas and price ranges but we certainly haven't suffered like some of the other parts of the country. Most of the softening in our market is in the higher price ranges. Not only have the prices softened but homes in the higher price ranges need to shine with the extras in order to sell. Let's take a look and see how the homes in the $600,000-$800,000 price range did for the first 3 quarters of 2009.
Unfortunately you can see from the graph that homes in Chester County in the $600K-$800K price range had less sales this year than in the past 3 years. It even looks as though this price range sold at a lower rate than in the other three years as well. Let's see if these Sellers lowered their prices from previous years to help their cause.
Interestingly enough the average sales price is consistent with the past three years. I'm sure if these Sellers lowered their prices they would have seen more sales.
These numbers represent ALL of Chester County so if you would like me to research what is going on in your township specifically I would be happy to do that for you. And you can find the data for the price ranges of $400K-$600K, $200K-$400K and $0-$200K by clicking on the links.
Krista Fuchs, Realtor. Giving You The Attention You Deserve.
I can always be reached directly at (484) 459-8025.
Prudential Fox & Roach Realtors
(484) 875-2600
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