Market Update for the Lehigh Valley, PA for September 2009

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

 

Home in the countryHere is the activity for September 2009 for the Lehigh Valley in Pennsylvania:

 

The number of sales during September of 2009 were down approximately 3% from 542 to 526 in August.

 

The average sales price for September 2009 was recorded at $198,000, down approximately 5.7% from August 2009 where the average sales price of the month was recorded at $210,000.

 

The median sales price had decreased in September 2009 to $177,000 from $185,000 in August 2009.

 

The average market time for properties sold during September 2009 was 74 days, which remained the same as compared to August 2009 at 74 days.

 

The average sale price compared to list price for residential properties sold during the month of September 2009 is 96%, a decrease compared to August at 97%.

 

The average sales price for new construction with 4 bedrooms and 2 1/2 baths was $379,000, down from $443,000 in August 2009.  The median sales price for September 2009 $356,000, which also decreased as compared to August 2009 from $443,000.

 

September Sales Distribution

Sale Price                                  Number of Sales
under $70,000                                    43
$70,001 - $100,000                            35
$100,001 - $150,000                         117
$150,001 - $200,000                         120
$200,001 - $250,000                          86
$250,001 - $300,000                          54
$300,001 - $350,000                          35
$350,001 - $400,000                          16
$400,001 - $450,000                           7
$450,001 - $500,000                           3
$500,001 - $600,000                           5
$600,001 - $700,000                           2
$700,001 - $800,000                           0
$800,001 and above                            3

 

 

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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