Lehigh Valley, Pennsylvania Market Update for October 2010

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

 

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

 

Comparison of Activity from September 2010 to October 2010

 

During October 2010, 358 sales were reported, which remained the same compared to September 2010 at 358.

 

The Average Sales Price for October 2010 was recorded at $201,000, up approximately 1% from September 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 sales dollars.

 

The Median Sales price for October 2010 was recorded at $176,000 which is a decrease compared to September 2010 with a Median of $182,000.  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 October 2010 was 81 days, which is a decrease compared to September 2010 at 77 days.

 

For newly constructed Homes with 4 bedrooms and 2 1/2 baths the Average Sale Price was $318,000 and the Median Sale Price was $312,000.  7 new construction properties were sold during the month of October.  During the month of September 2010 the Average Sale Price was recorded at $416,000 and the Median was recorded at $410,000.

 

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 2,237 real estate professionals involved in all aspects of the real estate industry.

 

July Sales Distribution

Sale Price                                              Number of Sales
under $70,000                                              37
$70,001 - $100,000                                       25
$100,001 - $150,000                                     68
$150,001 - $200,000                                     74
$200,001 - $250,000                                     53
$250,001 - $300,000                                     41
$300,001 - $350,000                                     21
$350,001 - $400,000                                     15
$400,001 - $450,000                                      5
$450,001 - $500,000                                     13
$500,001 - $600,000                                      2
$600,001 - $700,000                                      2
$700,001 - $800,000                                      1
$800,001 and above                                       1

 

Brigita McKelvie, REALTOR

Pennsylvania License #RS297130

Residential, Rural and Horse Properties and Farms

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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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Rainmaker
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Catherine Ulrey
Keller Williams Capital City - Salem, OR
Equestrian and Acreage Property Specialist

Your prices seem to be dropping just slightly like ours.

Nov 16, 2010 04:56 AM #1
Rainmaker
948,826
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

Catherine:

Yes, they are!  At least it is a small decrease.

Brigita

Nov 16, 2010 05:29 AM #2
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Rainmaker
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Brigita McKelvie, Associate Broker

The Broker with horse sense and no horsing around
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