Market Report & Homes Sales for Ottsville PA Real Estate November 2013
The median sales price for homes in Ottsville PA for August 13 to November 13 was $282,500. This represents a decline of 19.3%, or $67,500, compared to the prior quarter and a decrease of 24.7% compared to the prior year.
Sales prices have depreciated 19.3% over the last 5 years in Ottsville. The average listing price for Ottsville homes for sale was $804,402 for the week ending November 13, which represents an increase of 20.3%, or $135,593, compared to the prior week and an increase of 30.8%, or $189,242, compared to the week ending October 23.
Average price per square foot for Ottsville PA was $182, a decrease of 7.6% compared to the same period last year.
Ottsville Summary
The median sales price for homes in Ottsville PA for August 13 to November 13 was $282,500 based on 8 home sales. Compared to the same period one year ago, the median home sales price decreased 24.7%, or $92,500, and the number of home sales decreased 11.1%.
There are currently 50 resale and new homes in Ottsville including 2 open houses, as well as 10 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
The average listing price for homes for sale in Ottsville PA was $804,402 for the week ending November 13, which represents an increase of 20.3%, or $135,593, 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.
