Pike and Wayne County Real Estate Sales Report for October 2013

By
Real Estate Agent RS322488

The Pike and Wayne County Real Estate Sales Report* for October 2013. Currently in Pike and Wayne County there are 2,194 active (single family residence, condo/townhouses, PA state cabin - non foreclosures) listings in Pike and Wayne County. They range from a 1-bedroom, 1-bathroom cottage on Gumbletown Road listed at $17,000 to a 5-bedroom, 5-bathroom Lake Wallenpaupack Lakefront listed at $3,933,000. 

198 residential properties closed in Pike and Wayne County in October. Currently there are 64 non-foreclosure pending listings in Pike and Wayne County (14 pending foreclosure listings).
According to the National Association of Realtors, on average, pending homes sales continued to move lower in October which is contrary to what is happening in Pike & Wayne county. Pike & Wayne county only had 25 pending contracts in September. During October, the area had a 140% increase in pendings with 64 pending listings.


Pike County Snapshot*:

  • 106 properties sold in Pike County in October 2013 - up 7% (99 properties sold in Oct 2012)
  • $225,279 was the average list price in October 2013 - up 4.9% from 2012 ($214,766 in Oct 2012)
  • $138,075 was the average sales price in October 2013 - down 9.22% from 2012 ($152,095 in Oct 2012)
  • 243 average cumulative days on the market - down 12% from 2012 (217 days in Oct 2012)
  • 1,377 active listings - down 5.2% from 2012 (1,453 active listings in Oct 2012)
  • 155 new listings - up 24% from 2012 (125 new listings in Oct 2012)

The average list price in Pike County was $225,279. The average days on the market was 243 - up from September 2013 (homes are sitting on the market longer as we start going into Winter). During the month of September there were 155 new listings in Pike County. In Pike County, the data would indicate that more properties sold this October than last October, the average list price increased and the average sale price was down (9%) from October 2012. There is a 24% increase of listings on the market during the month of October 2013 from last October. Homeowners are listing their homes higher thinking the market has fully recovered when in reality they are selling their home for less than they were last year. By listing at the appropriate market value, homeowners may sell their home faster and for more money than overpricing their home and letting it sit on the market with price reduction after price reduction.

Wayne County Snapshot*:

  • 70 properties sold in Pike County in October 2013 - up 20.7% (58 properties sold in Oct 2012)
  • $255,548 was the average list price in October 2013 - up .69% from Oct 2012 ($252,798 in Oct 2012)
  • $207,721 was the average sales price in October 2013 - up 35% from Oct 2012 ($153,519 in Oct 2012)
  • 247 average cumulative days on the market - down 2% from Oct 2012 (252 days in Oct 2012)
  • 958 active listings - up 2.8% from Oct 2012 (932 active listings in Oct 2012)
  • 102 new listings - up 27.5% from Oct 2012 (80 new listings in Oct 2012)

In Wayne County, 20% more properties sold this October than last year. The average list price was relatively flat. The number of new listings during the month of October increased 27% compared to October 2012. Homes in Wayne County, Pennsylvania stayed on the market slightly less than they did last October AND the average sales price for this October was up 35%.Wayne County seems to be recovering faster than Pike County.

 

 

For more information on the Pike and Wayne Wayne County Real Estate Sales Report for October 2013 or to sell or purchase a home, please contact me at:

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Topic:
Real Estate Market Trends
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Pennsylvania Pike County Hawley
Tags:
lake wallenpaupack real estate
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Very well done with this Pike and Wayne County Real Estate Sales Report for October 2013. This is very informative and easy to understand. Keep up the good work!
Dec 02, 2013 05:33 PM #1
Rainmaker
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Bridget Gelderman
Hawley, PA
MBA, Assoc Broker, Lake Wallenpaupack & Poconos

Thank you Nestor & Katerina! I am really working on improving my reports.

Jan 09, 2014 06:23 PM #2
Rainer
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Barbara Gregus
CARES Consumer Advantage Real Estate Services - Sandia Park, NM
Sandia Park Paa-ko Homes
Hello Bridget, very well done with this market report. Congratulations on a job well done last October. Keep it up and stay the best!
Feb 06, 2014 12:59 PM #3
Rainmaker
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Bridget Gelderman
Hawley, PA
MBA, Assoc Broker, Lake Wallenpaupack & Poconos

Thank you Barbara!

Feb 08, 2014 06:53 PM #4
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Rainmaker
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Bridget Gelderman

MBA, Assoc Broker, Lake Wallenpaupack & Poconos
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