Market Report: Lower Gwynedd, PA Real Estate for November 10, 2013

By
Real Estate Agent with Addison Wolfe Real Estate PA License RS321608

 

Market Report:  Lower Gwynedd, PA Real Estate for November 10, 2013

 

The median sales price for homes in Lower Gwynedd PA for August 13 to November 13 was $583,350. This represents an increase of 11.1%, or $58,350, compared to the prior quarter and a decrease of 6.7% compared to the prior year.

Sales prices have appreciated 54.7% over the last 5 years in Lower Gwynedd. The average listing price for Lower Gwynedd homes for sale was $1,294,336 for the week ending November 6, which represents an increase of 6.8%, or $82,505, compared to the prior week and an increase of 9.1%, or $107,751, compared to the week ending October 16.

Average price per square foot for Lower Gwynedd PA was $172, a decrease of 3.9% compared to the same period last year.

 

Lower Gwynedd Summary 

The median sales price for homes in Lower Gwynedd PA for August 13 to November 13 was $583,350 based on 10 home sales. Compared to the same period one year ago, the median home sales price decreased 6.7%, or $41,650, and the number of home sales increased 400%.

There are currently 31 resale and new homes in Lower Gwynedd including 3 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in Lower Gwynedd PA was $1,294,336 for the week ending November 6, which represents an increase of 6.8%, or $82,505, 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.

 

Posted by

Karen Johnson

Karen Johnson, Realtor, ABR
The Jay Ginsberg Group at
Addison Wolfe Real Estate
PA License RS321608
550 Union Square Drive
New Hope, PA 18938
215-862-5500 Office
267-808-7050 Cell / Text
karenjohnson@addisonwolfe.com
addisonwolfe.com/karenjohnson

 

 

 

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"Remember there is nothing wrong with any piece of real estate the right price can't fix!"

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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Karen, You have put together some really good information for buyers and sellers in the Lower Gwynedd real estate market. Have a really great week.

Nov 10, 2013 10:56 AM #1
Rainer
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Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi Debbie, thank you for your continued support!  Most of the market reports have written are positive!

Nov 10, 2013 09:48 PM #2
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Rainer
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Karen Johnson, Realtor, ABR

"Bucks County PA Homes"
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