Long Pond PA Real Estate Market Report - July 2014.
Many areas of Monroe County fell off our “recovering road” in the Real Estate Market and Long Pond PA was certainly one of them, sad to say.
AVERAGE SOLD PRICE OF THOSE HOMES SOLD IN LONG POND FOR JULY:
↓The Average Sold Price for July 2014 was $86k versus $130k for July 2013.
The Average sold price for Monroe County for July was $133k.
NUMBER OF HOMES SOLD IN LONG POND PA FOR JULY:
↓The Number of Homes Sold for June 2014 was 6 versus 15 for July 2013, all 6 of them were foreclosures. 100% of the sales for the Month. Double EWWW!
The Number of homes sold in Monroe County for July 2014 was 208, UP 13% from last year.
YEAR TO DATE STATISTICS IN THE LONG POND PA REAL ESTATE MARKET REPORT:
↓The Average Sold Price Year To Date in Long Pond PA for 2014 is $96k compared to $112k for 2013.
→The Number of Homes Sold Year to date is 44 versus 44 for 2013.
Other Important Statistics to consider in the Long Pond PA Real Estate Market Report for July 2014 in the Poconos are:
Absorption Rate: 17 months compared to 20 for last July (county avg is 13)
Active Listings: 109 compared to 90 for last July
Pending Listings: 8 compared to 8 for last July
Average Days on the Market: 135 versus 198 last July
Sold to List Price Ratio: was around 95%.
In Summary, as demand continues to rise and the number of homes available for sale continues to decrease there is less competition for your home and a greater chance of your home in Long Pond PA getting Sold. This Real Estate Market in Long Pond Pa is the Best Real Estate Market that we have seen in years, although disappointing this month. Contact your Long Pond Real Estate Agent, Bobbie Smith, right now!