Market Report: Warwick PA Real Estate for November 2, 2013
The median sales price for homes in Warwick PA for July 13 to October 13 was $314,900. This represents a decline of 40.6%, or $215,100, compared to the prior quarter and a decrease of 30% compared to the prior year.
Sales prices have depreciated 20.7% over the last 5 years in Warwick. The average listing price for Warwick homes for sale was $475,074 for the week ending October 23, which represents an increase of 0.1%, or $704, compared to the prior week and a decline of 10.9%, or $58,206, compared to the week ending October 2.
Average price per square foot for Warwick PA was $166, a decrease of 18.6% compared to the same period last year.
Warwick Summary
The median sales price for homes in Warwick PA for July 13 to October 13 was $314,900 based on 21 home sales. Compared to the same period one year ago, the median home sales price decreased 30%, or $135,100, and the number of home sales increased 10.5%.
There are currently 29 resale and new homes in Warwick including 1 open house, as well as 1 home in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Warwick PA was $475,074 for the week ending October 23, which represents an increase of 0.1%, or $704, 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: Warwick PA Real Estate for November 2, 2013
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