Market Report: Washington Crossing, PA Real Estate for November 10, 2013
The median sales price for homes in Washington Crossing PA for July 13 to October 13 was $471,000. This represents a decline of 2.4%, or $11,500, compared to the prior quarter and a decrease of 7.6% compared to the prior year.
Sales prices have depreciated 14.8% over the last 5 years in Washington Crossing. The average listing price for Washington Crossing homes for sale was $682,106 for the week ending October 30, which represents a decline of 2.3%, or $16,066, compared to the prior week and an increase of 6%, or $38,733, compared to the week ending October 9.
Average price per square foot for Washington Crossing PA was $174, a decrease of 4.9% compared to the same period last year.
Washington Crossing Summary
The median sales price for homes in Washington Crossing PA for July 13 to October 13 was $471,000 based on 17 home sales. Compared to the same period one year ago, the median home sales price decreased 7.6%, or $39,000, and the number of home sales increased 21.4%.
There are currently 41 resale and new homes in Washington Crossing including 1 open house, as well as 11 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Washington Crossing PA was $682,106 for the week ending October 30, which represents a decrease of 2.3%, or $16,066, compared to the prior week.
Things to be Thankful for in 2013:
- Median Home Sale Prices showed 9 consecutive months of double-digit year-over-year increases.
- Total existing-home sales, which are completed transactions that include single-family homes, townhouses, condominiums and co-ops are at the highest pace since February 2007 and have remained above year-ago levels for the past 26 months.
- The national median existing-home price for all housing types was has seen the strongest year-over-year price gain since October 2005 and marks 18 consecutive months of year-over-year price increases.
- Distressed homes – foreclosures and short sales – accounted for 12 percent of August sales, down 15 percent in July, and is the lowest since monthly tracking began in October 2008.
This Thanksgiving: May you feel happy, may you feel healthy and may you feel at ease!
Source: Trend MLS and Realtor.com
I am thankful for all of my clients -- past, present and future.
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