Lehigh Valley, Pennsylvania Market Update for May 2010

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

 

During the month of May 2010 565 sales were reported, up about 9.1% from April 2010 at 518.  (Note:  That's without the tax credit incentive.)

 

The Average Sales Price for May 2010 was recorded at $192,000, down approximately 3.5% from April 2010 when the average sales price of the month was recorded at $199,000.  The Average Sales Price is obtained by dividing the number of sales into the total sale dollars.

 

The Median Sales Price for May 2010 was recorded at $175,000, which was a decrease compared to April 2010 with a median price of $178,000.  The Median Price indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

 

The Average Market Time for properties sold during May 2010 was 76 days, which is a decrease compared to April 2010 at 79 days.

 

For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sale price is $370,000 while in April 2010 the average sale price was recorded at $392,000.  The Median Price for new construction for May 2010 is $375,000 while in April 2010 was recorded at $390,000.

 

May Sales Distribution

Sale Price                                   Number of Sales

under $70,000                                    43
$70,001 - $100,000                            38
$100,001 - $150,000                         131
$150,001 - $200,000                         144
$200,001 - $250,000                          85
$250,001 - $300,000                          52
$300,001 - $350,000                          34
$350,001 - $400,000                          24
$400,001 - $450,000                           3
$450,001 - $500,000                           4
$500,001 - $600,000                           4
$600,001 - $700,000                           1
$700,001 - $800,000                           1
$800,001 and above                            1

 

Brigita McKelvie, REALTOR

Pennsylvania License #RS297130

Residential, Rural and Horse Properties and Farms

Cindy Stys Equestrian & Country Properties, Ltd.

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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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