Market Report & Homes Sales: Line Lexington PA 18932 for November 2014

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

 

Market Report & Homes Sales: Line Lexington PA 18932 for November 2014

 

The median sales price for homes in Line Lexington PA for August 14 to November 14 was $335,000. This represents an increase of 65%, or $132,000, compared to the prior quarter and an increase of 0% compared to the prior year.

Sales prices have appreciated 49.9% over the last 5 years in Line Lexington. The average listing price for Line Lexington homes for sale was $493,754 for the week ending November 5, which represents an increase of 0%, or $0, compared to the prior week and a decline of 0.9%, or $4,529, compared to the week ending October 15.

Average price per square foot for Line Lexington PA was $117, an increase of 0% compared to the same period last year.

 

 

 

Line Lexington Summary

The median sales price for homes in Line Lexington PA for August 14 to November 14 was $335,000 based on 1 home sales.

Compared to the same period one year ago, the median home sales price increased 0%, or $335,000, and the number of home sales increased 0%. There are currently 7 resale and new homes in Line Lexington.

The average listing price for homes for sale in Line Lexington PA was $493,754 for the week ending November 5, which was unchanged compared to the prior week.

 

 

 

 

Buying vs. Renting?

 

AND THE WINNER IS . . .

Is it better to buy or rent? Whether renting is better than buying depends on many factors. Low mortgage rates are helping to keep home buying more affordable. According to one analysis homeownership is 38% cheaper than renting in the 100 largest metro areas.

 

Assuming the following:

  • Buy a home with 20% down, borrowing the rest over 30 years at a fixed rate of 4.5%.
  • Itemize your federal tax deductions and are in the 25% tax bracket
  • Stay in your home for at least seven years
  • Home prices appreciate at a fairly conservative 2% annual rate
  • 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!"

Comments (2)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Karen Johnson  Great Market report for Lexington Pa 18932 ,,  Buyers and sellers would be wise to call you when thinking of making a move

Nov 11, 2014 09:51 AM
ActiveRain City and State Listing Group
Christiansted, VI

Appealing layout, specific market location identified by City and State, along with useful information designed to attract buyers and sellers to you is what the Group City & State: Listings and Market Reports is all about. Nice job.

Nov 11, 2014 09:43 PM