POCONO REAL ESTATE MARKET - SOLD HOMES BY SCHOOL DISTRICT FOR WEEK 2/5/12 TO 2/11/12

When looking at the Pocono Real Estate Market for last week we see that 14 homes were sold.

Of the 14 total sold for the week, 7 were foreclosures.  Mmmm. A heavy week for foreclosures.

With that many foreclosures we see that the average list price for the week was $110,272 and the average sold price was $115,979 bringing the sold price per square foot down to $58.32.

Since our average foreclosure rate has been staying somewhere between 28 and 30% we know this was just an unusual week and not to let it "dampen our spirits" to much.

The reports we are seeing from numerous areas of the Country and various "statistical" sites are still saying home sales are up.  As I have said previously it is only a matter of time before it hits our market but it is coming!

More Pocono info and hmz for sale

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*Stats obtained from flexmls and are deemed reliable. Stats reflect residential home sales for monroe county, pa