Market Report & Homes Sales Plymouth Meeting Real Estate December 2013

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

 

Market Report & Homes Sales Plymouth Meeting Real Estate December 2013

 

The median sales price for homes in Plymouth Meeting PA for September 13 to December 13 was $320,000. This represents an increase of 0%, or $0, compared to the prior quarter and an increase of 32% compared to the prior year.
 
Sales prices have appreciated 9.2% over the last 5 years in Plymouth Meeting. The average listing price for Plymouth Meeting homes for sale was $394,650 for the week ending December 4, which represents an increase of 4.1%, or $15,591, compared to the prior week and an increase of 0.5%, or $1,862, compared to the week ending November 13.
 
Average price per square foot for Plymouth Meeting PA was $158, an increase of 4.6% compared to the same period last year.  
 
 
 

 

Plymouth Meeting Summary

The median sales price for homes in Plymouth Meeting PA for September 13 to December 13 was $320,000 based on 37 home sales. Compared to the same period one year ago, the median home sales price increased 32%, or $77,500, and the number of home sales increased 105.6%.

There are currently 42 resale and new homes in Plymouth Meeting including 2 open houses, as well as 31 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in Plymouth Meeting PA was $394,650 for the week ending December 4, which represents an increase of 4.1%, or $15,591, 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
1,064,615
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

this is a super report to share with the local buyers as well as sellers to get a feel for how the market is behaving!

Dec 15, 2013 09:09 AM #1
Rainmaker
1,571,322
David Saks
(retired) - Memphis, TN

Thanks for sharing another fine market report. Have a great day.

Dec 15, 2013 04:06 PM #2
Rainer
346,858
Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi Mark and David, thank you for your kind comments.  The Plymouth Meeting area is strong and I am hoping 2014 will be a great year!

Dec 15, 2013 11:07 PM #3
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Rainer
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Karen Johnson, Realtor, ABR

"Bucks County PA Homes"
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