Lehigh Valley, Pennsylvania Market Update for July 2010

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

 

Lehigh Valley, Pennsylvania Market Update - The Month of July 2010 in Review

Comparison of Activity from June 2010 to July 2010

 

During July 2010, 351 sales were reported, which is down approximately 48% from June 2010 at 670.

 

The Average Sales Pride for July 2010 was recorded at $208,000, down about 1.4% from June 2010 when the Average Sales Price of the month was recorded at $211,000.  The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.

 

The Median Sales price for July 2010 was recorded at $192,000 which is an increase compared to June 2010 with a Median of $191,000.  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 Market Time for properties sold during July 2010 was 73 days, which is a decrease compared to June 2010 at 75 days.

 

For Newly constructed Homes with 4 bedrooms and 2 1/2 baths the Average Sale Price was $299,000 and the Median Sale Price was $338,000.  4 new construction properties were sold during the month of July.  During the month of June 2010 the Average Sale Price was recorded at $352,000 and the Median was recorded at $345,000.

 

The statistics presented in the market update are compiled each month based on the figures generated from the Lehigh Valley Association of REALTORS Multiple Listing Service.  Average Sales prices and Median prices fluctuate monthly depending upon the number of sales at the high or low end of the price range.  The Lehigh Valley Association of REALTORS represents 2,267 real estate professionals involved in all aspects of the real estate industry.

 

July Sales Distribution

Sale Price                                              Number of Sales
under $70,000                                              29
$70,001 - $100,000                                       23
$100,001 - $150,000                                     62
$150,001 - $200,000                                     69
$200,001 - $250,000                                     69
$250,001 - $300,000                                     37
$300,001 - $350,000                                     32
$350,001 - $400,000                                     14
$400,001 - $450,000                                      1
$450,001 - $500,000                                      7
$500,001 - $600,000                                      4
$600,001 - $700,000                                      3
$700,001 - $800,000                                      1
$800,001 and above                                       0

 

Brigita McKelvie, REALTOR

Pennsylvania License #RS297130

Residential, Rural and Horse Properties and Farms

Cindy Stys Equestrian and Country Properties, Ltd. logoCindy Stys Equestrian & Country Properties, Ltd.

The Premier Equine and Country Realty Firm covering Eastern Pennsylvania from back yard to world-class facilities.

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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!

Great comparative info...at least the sales price went up and dom went down, right?  Keep the updates coming!

Aug 07, 2010 01:51 AM
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

That's right, Kristin!

We can't expect a quick turn around to happen all at once.

Brigita

Aug 07, 2010 02:26 AM

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