Lehigh Valley, Pennsylvania Market Update for November 2010

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

 

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

 

Comparison of Activity from October 2010 to November 2010

 

During November 2010, 361 sales were reported, which is a 1% increase as compared to October 2010 at 358.

 

The Average Sales Price for November 2010 was recorded at $200,000, down approximately .5% from October 2010 when the Average Sales Price of the month was recorded at $201,000.  The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.

 

The Median Sales price for November 2010 was recorded at $173,000 which is a decrease compared to October 2010 with a Median of $176,000.  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 November 2010 was 89 days, which is an increase compared to October 2010 at 81 days.

 

For newly constructed Homes with 4 bedrooms and 2 1/2 baths the Average Sale Price was $390,000 and the Median Sale Price was $393,000.  6 new construction properties were sold during the month of November.  During the month of October 2010 the Average Sale Price was recorded at $318,000 and the Median was recorded at $312,000.

 

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 2,180 real estate professionals involved in all aspects of the real estate industry.

 

November Sales Distribution

Sale Price                                              Number of Sales
under $70,000                                              41
$70,001 - $100,000                                       22
$100,001 - $150,000                                     67
$150,001 - $200,000                                     76
$200,001 - $250,000                                     66
$250,001 - $300,000                                     32
$300,001 - $350,000                                     26
$350,001 - $400,000                                     11
$400,001 - $450,000                                      9
$450,001 - $500,000                                      3
$500,001 - $600,000                                      4
$600,001 - $700,000                                      3
$700,001 - $800,000                                      1
$800,001 and above                                       0

 

 

 

 

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:
HyperLocal Neighborhood and Community Posts
Local Expert
Pennsylvania Professionals
The Greater Lehigh Valley
Tags:
lehigh valley market update

Spam prevention
Show All Comments
Rainmaker
63,367
Guy Moreau
ReMax Marathon Vacation Real Estate - Marathon, FL
Florida Keys Real Estate - Duck Key, Key Colony Be

Nice Post Brigita, being a numbers guy that has the opportunity to network all over the country, it is nice to see what properties are doing in different areas.  Nice Post and Merry Christmas!

Dec 23, 2010 05:07 AM #1
Rainmaker
6,168,074
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good report. Best wishes for continued success in 2011. 

 Blooming for you!

Dec 23, 2010 05:09 AM #2
Show All Comments

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

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

Rainmaker
946,001

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