Market Report: Telford, PA Real Estate for November 19, 2013

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

 

Market Report: Telford, PA Real Estate for November 19, 2013

 

The median sales price for homes in Telford PA for August 13 to November 13 was $204,250. This represents a decline of 13.8%, or $32,750, compared to the prior quarter and a decrease of 14.1% compared to the prior year.

Sales prices have depreciated 2.7% over the last 5 years in Telford. The average listing price for Telford homes for sale was $279,427 for the week ending Nov 06, which represents an increase of 3.2%, or $8,618, compared to the prior week and a decline of 2.6%, or $7,511, compared to the week ending Oct 16.

Average price per square foot for Telford PA was $133, a decrease of 7% compared to the same period last year.

 

 

 

 

Telford Summary 

The median sales price for homes in Telford PA for August 13 to November 13 was $204,250 based on 44 home sales. Compared to the same period one year ago, the median home sales price decreased 14.1%, or $33,650, and the number of home sales increased 300%.

There are currently 106 resale and new homes in Telford including 1 open house, as well as 57 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in Telford PA was $279,427 for the week ending November 6, which represents an increase of 3.2%, or $8,618, 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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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Karen, great info for anyone interested in the Telford, PA real estate market.  Good numbers for both buyers & sellers to consider.

Nov 19, 2013 09:45 AM #1
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Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi John, the market report shows that the numbers are improving for the Telford area which is always good news!

Nov 19, 2013 09:49 AM #2
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Karen Johnson, Realtor, ABR

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