Lehigh Valley, Pennsylvania Market Update for February 2010

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

 

The Market Update for the Lehigh Valley, Pennsylvania for February 2010 has arrived.  Let's take a look at the figures as compared to January 2010:

 

Log homeThe number of sales during February 2010 were up by approximately 2.4%, at 254 sales reported as compared to 248 sales in January 2010.

 

The average sales price for February 2010 was recorded at $189,000, down approximately 6.4% from January 2010 when the average price of the month was recorded at $202,000.  The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.

 

The median sales price for February 2010 was recorded at $165,000 which is a decrease compared to January 2010 with a median price of $175,000.  The Median price indicates the mid-point range of prices.  Half of the homes sell for less, while half the homes sell for more.

 

The average time on the market for properties sold during February 2010 was 87 days, which is an increase compared to Janaury 2010 at 82 days.

 

For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sales price for February 2010 is $406,000 as compared to $363,000 in January 2010.  The median sales price was recorded at $389,000 for February 2010 as compared to $327,000 in January 2010.  This information is based on 10 new construction sales sold in February 2010.

 

February Sales Distribution

Sale Price                                     Number of Sales

under $70,000                                     35
70,001 - $100,000                               20
$100,001 - $150,000                           51
$150,001 - $200,000                           56
$200,001 - $250,000                           34
$250,001 - $300,000                           26
$300,001 - $350,000                           13
$350,001 - $400,000                            8
$400,001 - $450,000                            4
$450,001 - $500,000                            1
$500,001 - $600,000                            1
$600,001 - $700,000                            4
$700,001 - $800,000                            0
$800,001 and above                             1

 

Brigita McKelvie, REALTOR, e-PRO, GRI

Pennsylvania License #RS297130

Residential, Rural and Horse Properties and Farms

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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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Labrit Brigita! Hope all is well in your life and home. That home looks so cozy up against the trees. 

Mar 09, 2010 01:19 AM #1
Rainmaker
3,616,434
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Wonderful report!  I hope you sold the one for over $800K!  Have a great week!

Mar 09, 2010 01:24 AM #2
Rainmaker
948,726
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

Labdien, Katerina!

I am doing well.  The home pictured is one of my listings.  It is a very nice home.  Very cozy with great views.

Brigita

Mar 09, 2010 08:28 AM #3
Rainmaker
948,726
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

Kristin:

It wasn't me this month that sold the high end home.  Working on getting a couple of them under contract.

Brigita

Mar 09, 2010 08:30 AM #4
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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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