Market Report & Homes Sales King of Prussia Real Estate December 2013

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

 

Market Report & Homes Sales King of Prussia Real Estate December 2013

 

The median sales price for homes in King of Prussia PA for September 13 to December 13 was $281,000. This represents an increase of 2.6%, or $7,050, compared to the prior quarter and an increase of 2.2% compared to the prior year.

Sales prices have appreciated 2% over the last 5 years in King of Prussia. The average listing price for King of Prussia homes for sale was $299,966 for the week ending December 4, which represents an increase of 1.2%, or $3,490, compared to the prior week and a decline of 9.2%, or $30,220, compared to the week ending November 13.

Average price per square foot for King of Prussia PA was $161, an increase of 6.6% compared to the same period last year.

 
 

 

King of Prussia Summary

The median sales price for homes in King of Prussia PA for September 13 to December 13 was $281,000 based on 37 home sales. Compared to the same period one year ago, the median home sales price increased 2.2%, or $6,000, and the number of home sales increased 76.2%.

There are currently 77 resale and new homes in King of Prussia including 1 open house, as well as 59 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in King of Prussia PA was $299,966 for the week ending December 4, which represents an increase of 1.2%, or $3,490, compared to the prior week.  

 The Gift of Living in Bucks County:

 

The pleasure of living in beautiful Bucks County is usually its own reward but this month, we have the added benefit of continued positive real estate news!  After hitting the highest level in nearly four years, the national home sales declined slightly last month, down 1.9%.  However, here in Bucks County, the units sold were up again to 22% over last year's sales.

 

  • Active inventory continues to be down -- 8% from last year and applying upward pressue on home prices.
  • Median sales prices were up 2% over this time last year.
  • The median sale price last year was $255,000 and this year is $260,000!
  • Even better, the ever shrinking Days on Market figure was down 21% over this time last year.

Source: Trend MLS and Realtor.com

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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Rainmaker
77,138
Tony Busanich
TD Bank - Freehold, NJ
1-4 RESIDENTIAL FAMILY LOAN SPECIALIST

Hi Karen, Great report, thanks for sharing and excellent news sounds like the market is starting to pick up, best of luck in 2014.

Dec 15, 2013 09:50 AM #1
Rainer
346,858
Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi Tony, thank you for your kind comments.  The King of Prussia area is strong and I am hoping 2014 will be a great year!

 

Dec 15, 2013 11:04 PM #2
Rainmaker
1,607,955
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

Folks that stay informed are so far ahead of the market and your folks should enjoy the knowledge you sharing in your report, Kare

Dec 16, 2013 12:52 PM #3
Rainmaker
343,918
Stephen Howell
Coldwell Banker Residential Brokerage - Annapolis, MD
Annapolis MD Homes For Sale 443-994-8043

Karen, thank you for sharing this important information about the King of Prussia PA real estate market. Keeping sellers and buyers informed about market conditions is one of the most important jobs we have as real estate professionals.

Dec 16, 2013 09:12 PM #4
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Rainer
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Karen Johnson, Realtor, ABR

"Bucks County PA Homes"
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