Market Report: Maple Glen, PA Real Estate for November 11, 2013

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

 

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.

 

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!"

Comments (3)

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

Karen, You make the information easy to digest. I also like your finish to your post about things to be thankful for. Yes they are and we should realize the small blessings can be found if we just look. 

Nov 11, 2013 11:10 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MT, NC, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA, WV - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Another awesome market report, Karen.  Do you think those foreclosures/REO's are holding values back in Maple Glen?

Nov 11, 2013 12:07 PM
Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi Debbie and John, thanks for the great comment and I do try to make the reports easy to read and understand.  I don't think that the foreclosures are holding back values that much.

Nov 11, 2013 11:24 PM