December 2009 Market Update for the Lehigh Valley, Pennsylvania

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

 

Home in the country in the winterThe figures for the Market Update for December 2009 for the Lehigh Valley in Pennsylvania have just been released.  Here is how they look:

 

The number of sales for December 2009 were down appoximately 39.6% with 366 sales reported as compared to 606 in November 2009.

 

The average sales price for December 2009 was recorded at $206,000, up approximately 8.4% from November 2009, when the average sales price of the month was recorded at $190,000.

 

The median sales price for December 2009 was recorded at $184,000 which is an increase compared to November 2009 with a median of $175,000.

 

The average time on the market for properties sold during December 2009 was 84 days, which is an increase compared to November 2009 at 78 days.

 

The average sales price of newly constructed homes, consisting of 4 bedroom and 2 1/2 baths, for December 2009 is $345,000, which in November 2009 was recorded at $354,000.  The median price for new construction on Decmeber 2009 is $353,000 and $368,000 in November 2009.  A total of 10 new construction properties were sold in Decmeber 2009.

 

December Sales Distribution

Sale Price                                               Number of Sales 
under $70,000                                                 31
$70,001 - $100,000                                         24
$100,001 - $150,000                                       79
$150,001 - $200,000                                       74
$200,001 - $250,000                                       62
$250,001 - $300,000                                       37
$300,001 - $350,000                                       22
$350,001 - $400,000                                       15
$400,001 - $450,000                                         9
$450,001 - $500,000                                         4
$500,001 - $600,000                                         4
$600,001 - $700,000                                         2
$700,001 - $800,000                                         2
$800,001 and above                                          1

 

Brigita McKelvie, REALTOR, e-PRO, GRI

Pennsylvania License #RS 297130

Keller Williams Real Estate, Bethlehem, PA

Keller Williams logoBNI logoe-PRO logoGRI logo

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

 

Facebook

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Pennsylvania Northampton County Lehigh Valley
Groups:
Local Expert
Pennsylvania Professionals
Posts to Localism
The Greater Lehigh Valley
Tags:
market update for lehigh valley pennsylvania
december 2009 market update for lehigh valley
real estate market update

Spam prevention
Show All Comments
Rainmaker
595,025
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

I wonder how many of these figures might be skewed because of the aniticipation of the tax credit expiration in November.  It seems to have messed with my market a little!

Jan 10, 2010 12:06 AM #1
Rainmaker
949,026
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

Laura:

I'm thinking the same thing.

Brigita

Jan 10, 2010 12:39 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
949,026

Brigita McKelvie, Associate Broker

The Broker with horse sense and no horsing around
Ask me about rural & horse properties & farms in Eastern PA
*
*
*
*

Additional Information