Lehigh Valley, Pennsylvania Market Update for April 2010

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

 

Here is the monthly comparison of activity in real estate in the Lehigh Valley, PA from March 2010 to April 2010.  It looks like there is good news.

 

During April 2010, real estate sales increased by about 24%, of 518 sales reported as compared to 418 in March 2010.

 

The Average Sales Price for April 2010 was recorded at $199,000, up approximately 3.6% from March 2010 when the average sales price of the month was recorded at $192,000.  The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.

 

The Median Sales Price for April 2010 was recorded at $178,000 which is an increase compared to March 2010 with a median of $171,000.  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 Aptil 2010 was 79 days, which is a decrease compared to 85 days in March 2010.

 

Newly constructed homes of 4 bedrooms and 2 1/2 baths had an average sales price of $392,000 in April 2010, while in March 2010 the Average Sales Price was recorded at $337,000.  The Median Sales Price was reported at $390,000 while during the month of March 2010 the median was recorded at $316,000.  This information was based on 10 new construction properties sold during the month of April 2010.

 

April Sales Distribution

Sale Price                                     Number of Sales

under $70,000                                      39
$70,001 - $100,000                               27
$100,001 - $150,000                            110
$150,001 - $200,000                            146
$200,001 - $250,000                             90
$250,001 - $300,000                             42
$300,001 - $350,000                             25
$350,001 - $400,000                             15
$400,001 - $450,000                              9
$450,001 - $500,000                              3
$500,001 - $600,000                              6
$600,001 - $700,000                              3
$700,001 - $800,000                              1
$800,001 and above                               2

 

Brigita McKelvie, REALTOR

Pennsylvania License #RS297130

Residential, Rural and Horse Proeprties and Farms

Cindy Stys Equestrian & Country Properties, Ltd.

Cindy Stys Equestrian and Country Properties, Ltd. logoe-PRO logoGRI logoBNI logo

 

Facebook badge

 

 

  

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
Nothing but the Positive
Pennsylvania Professionals
Posts to Localism
The Greater Lehigh Valley
Tags:
lehigh valley market report
lehigh valley market update
lehigh valley

Spam prevention

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

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

Rainmaker
945,567

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