Lehigh Valley, Pennsylvania Market Update for June 2011

By
Real Estate Agent with Cindy Stys Equestrian and Country Properties, Ltd. PA License #AB068077
https://activerain.com/droplet/dR7

 

Lehigh Valley, Pennsylvania Market Update - The Month of June 2011 in Review

 

Here's some great news for the real estate market in the Lehigh Valley!

 

Comparison of activity from May 2011 to June 2011

 

During June 2011, 499 sales were reported, which is a 15.5% increase as compared to May 2011 at 432.

 

The Average Sales Price for June 2011 was recorded at $200,000, up approximately 7% from May 2011 when the Average Sales Price of the month was recorded at $187,000. The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.

 

The Median Sales price for June 2011 was recorded at $180,000 which is an increase compared to May 2011 with a Median of $164,000. 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 June 2011 was 88 days, which is an increase compared to May 2011 at 86 days.

 

For newly constructed Homes with 4 bedrooms and 2 1/2 baths the Average Sale Price was $376,000 andthe Median Sale Price was $390,000.  9 new construction properties sold during the month of June 2011. During the month of May 2011 the Average Sale Price was recorded at $362,000 and the Median was recorded at $366,000.

 

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 2,123 real estate professionals involved in all aspects of the real estate industry.

 

June Sales Distribution

Sale Price              Number of Sales
under $70,000               60
$70,001 - $100,000       38
$100,001 - $150,000     95
$150,001 - $200,000    114
$200,001 - $250,000     51
$250,001 - $300,000     51
$300,001 - $350,000     38
$350,001 - $400,000     23
$400,001 - $450,000     16
$450,001 - $500,000      4
$500,001 - $600,000      4
$600,001 - $700,000      2
$700,001 - $800,000      2
$800,001 and above       1

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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