Home Prices in Bala Cynwyd PA for May 2013

By
Real Estate Agent with Long & Foster

Home Prices in Bala Cynwyd PA for May 2013

 

Real estate market data for Bala Cynwyd, PA is provided by David Brandschain of Long & Foster.

 

Bala Cynwyd Home Prices

 

We have seen average listing prices move erratically and sold prices increase steadily over the last 12 months, as, we examine home prices in Bala Cynwyd PA.  We expect prices to continue 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 ultimately put upward pressure on prices.  So if you have been searching for the bottom in Bala Cynwyd, we are likely there.  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.

 

price chart

 

Bala Cynwyd Real Estate Report Summary

 

The median list price in May for single family homes in Bala Cynwyd is $460,000.  This represents a 3% decline fromclick photo the previous month.

 

The average price per square foot for listings in this area is $196.

 

The median sales price in February for single family homes was $354,500.  The average sales price decreased by 14% 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.

 

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