Lehigh Valley Pennsylvania Market Update - The Year in Review - December 2008 & December 2009

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

 

Here is a comparison of activity comparing December 2008 to December 2009:

 

The number of sales reported during December 2009 were 366, up approximately 7% from December 2008 at 342.

 

The average sales price for December 2009 was recorded at $206,000, down approximately 1.4% from December 2008, when the average sales price of the month was recorded at $209,000.  The average sales price is obtained by dividing the number of sales into the total sales dollars.

 

The median sales price for December 2009 was recorded at $184,000, which is an increase compared to December 2008 with a median price of $180,000.  The median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

 

The average time on the market for properties sold during December 2009 was 84 days, an increase from 78 days in December 2008.

 

The average sale price compared to list price for residential properties sold during the month of December 2009 is 96%, which is an increase compared to December 2008 at 95%.

 

 

Brigita McKelvie, REALTOR, e-PRO, GRI

Pennsylvania License #RS 297130

Keller Williams Real Estate, Bethlehem, PA

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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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Rainer
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Sue Neff
Tennessee Real Properties - Jamestown, TN
Principal Broker, Jamestown, TN

Thanks for insights into your part of the country - seems December 2008 was really the worst. Is the market really looking up - even slightly?

Sue

 

Jan 10, 2010 11:05 PM #1
Rainmaker
950,031
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

Sue:

The Lehigh Valley is one of the areas that has not been hit hard by the economy.  It still showed some growth.  With the new economic stimulus in place, we are looking at a slightly better market this spring.

Brigita

Jan 11, 2010 10:15 PM #2
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Rainmaker
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Brigita McKelvie, Associate Broker

The Broker with horse sense and no horsing around
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