Market Report: Maple Glen, PA Real Estate for November 11, 2013
The median sales price for homes in Maple Glen PA for August 13 to November 13 was $430,000. This represents an increase of 6.2%, or $25,000, compared to the prior quarter and a decrease of 26.5% compared to the prior year.
Sales prices have depreciated 27.1% over the last 5 years in Maple Glen. The average listing price for Maple Glen homes for sale was $613,883 for the week ending November 6, which represents a decline of 1%, or $6,306, compared to the prior week and an increase of 6.3%, or $36,647, compared to the week ending October 16.
Average price per square foot for Maple Glen PA was $169, a decrease of 9.1% compared to the same period last year.
Maple Glen Summary
The median sales price for homes in Maple Glen PA for August 13 to November 13 was $430,000 based on 13 home sales. Compared to the same period one year ago, the median home sales price decreased 26.5%, or $155,000, and the number of home sales increased 160%.
There are currently 9 resale and new homes in Maple Glen including 1 open house, as well as 5 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Maple Glen PA was $613,883 for the week ending November 6, which represents a decrease of 1%, or $6,306, 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.