Market Report: New Hope PA Real Estate for October 27, 2013
The median sales price for homes in New Hope PA for July 13 to October 13 was $569,000. This represents an increase of 8.9%, or $46,500, compared to the prior quarter and a decrease of 9% compared to the prior year.
Sales prices have appreciated 5.8% over the last 5 years in New Hope. The average listing price for New Hope homes for sale was $1,444,792 for the week ending October 16, which represents an increase of 0.1%, or $1,016, compared to the prior week and an increase of 3.7%, or $51,797, compared to the week ending September 25.
Average price per square foot for New Hope PA was $225, an increase of 3.7% compared to the same period last year.
New Hope Summary
The median sales price for homes in New Hope PA for July 13 to October 13 was $569,000 based on 65 home sales. Compared to the same period one year ago, the median home sales price decreased 9%, or $56,250, and the number of home sales increased 41.3%.
There are currently 229 resale and new homes in New Hope including 12 open houses, as well as 36 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in New Hope PA was $1,444,792 for the week ending October 16, which represents an increase of 0.1%, or $1,016, compared to the prior week.
What's New
This Fall -- There Are No Tricks, Just Treats!
- Existing-home sales hit their highest level in 6.5 years in August!
- Existing-home sales rose 1.7% and were on 13.2% annually.
- Existing-home inventory at the end of August increased 0.4% to 2.25 million homes, representing a 4.9 month suppy of homes at the current rate of homes sales. That's down from a 6 month supply in 2012.
- The median sale price for Bucks County Homes was $280,000 in August 2012. This August, the median sale price was $290,000, an increase of 4% or $10,000 compared to last year.
Source: Trend MLS and Realtor.com
Market Report: New Hope PA Real Estate for October 27, 2013
Comments(2)