Lehigh Valley Pennsylvania Market Update - The Year in Review - May 2009 and May 2010

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

 

Lehigh Valley Pennsylvania Market Update - The Year In Review - May 2009 and May 2010

 

Comparison of activity from May 2009 to May 2010

 

The number of sales during May 2010 were reported at 565, up approximately 28% from May 2009 at 442.

 

The Average Sales Price for May 2010 was recorded at $192,000, down approximately 5% from May 2009 when the Average Sales 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 May 2010 was recorded at $175,000, which is a decrease compared to May 2009 with a median of $180,000.  The Median Price indicates the mid-point 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 May 2009 at 83.

 

The average sale price compared to list price for residential properties sold during the month of May 2010 is 97%, which is an increase compared to May 2009 at 96%.

 

Residential Market Highlights

                           New Listings   Total sales  Pending sales   Avg. sale price   Median sale price   Avg. Mkt. Time
Current                    
1057           565             340              $192,000            $175,000               76
Yr.-to-Date          6026          2105           2211               194,000              173,000               81
Previous Yr.            5675          1690           1923               200,000              180,000               84

 

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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Comments (2)

Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Nice report Brigita...I also like how you compare from the last time period to now.  Have a great day!

Jun 15, 2010 01:41 AM
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

Thank you, Kristin!

I find this is a good way to show consumers how the real estate market is doing compared to the previous year.

Brigita

Jun 15, 2010 02:17 AM

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