Home Prices in Bala Cynwyd PA for January 2013
Real estate market data for Bala Cynwyd, PA is provided by David Brandschain of Keller Williams Main Line Realty
Bala Cynwyd Home Prices
We have seen average listing prices slightly increase over the last 12 months, as, we examine home prices in Bala Cynwyd PA. During this same time, the median price of sold homes is up significantly. We expect prices to increase in 2013, as, the overall economy continues to improve. If you are considering buying a home, now would be a good time, as the number of available homes is beginning to shrink. This decrease in supply will also put upward pressure on prices. So if you have been searching for the bottom in Bala Cynwyd, we are likely there. In fact, beginning in June the average price of sold homes has exceeded the average listing price of homes. To make sure that you properly navigate this changing market, you'll want an agent that does a thorough market analysis of the home you are making an offer on. And remember, it is now common for fairly priced homes to receive multiple offers.
Bala Cynwyd Real Estate Report Summary
The median list price in January for single family homes in Bala Cynwyd is $474,500.
The average price per square foot for listings in this area is $198.
The median sales price in July for single family homes was $442,000. The average sales price increased by 8.06% from the previous month.
Find Homes for Sale in Bala Cynwyd PA
Visit my website to search for homes in Bala Cynwyd PA or to be notified when Bala Cynwyd homes come on the market.
To find out what your home is worth in the current market email me or call 484-388-1802.