Here is the Lehigh Valley, Pennsylvania Market update for the month of March 2010.
The number of sales rose during March 2010 at 418 sales, up approximately 65% from February 2010 at 254 sales.
The average sales price of March 2010 was recorded at $192,000 which is an increase compared to February 2010 when the average sales price was recorded at $189,000. The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.
The median sales price for March 2010 was recorded at $171,000 which is an increase compared to February 2010 with the median of $165,000. The Median Sales Price indicates the mid-point 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 March 2010 was 85 days, which is a decrease compared to February 2010 at 87 days.
For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sales price is $337,000 which is a decrease from $406,000 in February 2010. The median sales price was recorded at $316,000, down from $389,000 in February 2010. The information is based on 10 new construction properties sold during the month on March 2010.
March Sales Distribution
Sale Price Number of Sales
under $70,000 49
$70,001 - $100,000 28
$100,001 - $150,000 86
$150,001 - $200,000 96
$200,001 - $250,000 70
$250,001 - $300,000 36
$300,001 - $350,000 17
$350,001 - $400,000 16
$400,001 - $450,000 6
$450,001 - $500,000 5
$500,001 - $600,000 3
$600,001 - $700,000 1
$700,001 - $800,000 3
$800,001 and above 2
Brigita McKelvie, REALTOR, e-PRO, GRI
Pennsylvania License #RS297130
Residential, Rural and Horse Properties and Farms
Cindy Stys Equestrian & Country Properties, Ltd.
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