Lehigh Valley Market Update - The Year in Review November 2009 to November 2010

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

 

The Lehigh Valley Market Update - The Year in Review

Farmhouse in the country

 

Comparison of Activity from November 2009 to November 2010

 

The number of sales during November 2010 decreased by 40% with 361 sales reported as compared to 606 in November 2009.

 

The Average Sales price for November 2010 was recorded at $200,000, which is an increase of 5.3%compared to November 2009 when the Average Sales price of the month was recorded at $190,000.  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 November 2009 with a Median of $175,000.  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 time on the market for properties sold during October 2010 was 81 days, which is an increase compared to October 2009 at 78 days.

 

The average sale price compared to list price for residential properties sold during the month of November 2010 is 95%, which is a decrease as compared to November 2009 at 96%.

 

 

 

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

 

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Comments (2)

Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

Brigita I hope 2011 bring a number of things, including a stabilization of the housing market for us and most importantly homeowners that are very afraid.  I'm getting ready to do my reports next week, and I'm not looking forward to what the figure will say.  

Dec 23, 2010 05:30 AM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Brigita, this is a great synopsis of your market for the year. Here's wishing that 2011 is much better for all of us.

Dec 23, 2010 05:44 AM

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