Market Report & Homes Sales: Furlong PA 18925 for June 2015

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

 

Market Report & Homes Sales:  Furlong PA 18925 for June 2015

 

The median sales price for homes in Furlong PA for March 15 to June 15 was $420,875. This represents an increase of 13.3%, or $49,375, compared to the prior quarter and an increase of 6.4% compared to the prior year.

 

Sales prices have appreciated 12.4% over the last 5 years in Furlong. The average listing price for Furlong homes for sale was $582,711 for the week ending June 3, which represents an increase of 2.1%, or $12,162, compared to the prior week and an increase of 6.3%, or $34,784, compared to the week ending May 13.

 

Average price per square foot for Furlong PA was $175, an increase of 6.7% compared to the same period last year.

 

 

 

Furlong Summary

 

The median sales price for homes in Furlong PA for March 15 to June 15 was $420,875 based on 16 home sales. Compared to the same period one year ago, the median home sales price increased 6.4%, or $25,412, and the number of home sales decreased 33.3%.

 

There are currently 68 resale and new homes in Furlong, including 1 open house, as well as 7 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

 

The average listing price for homes for sale in Furlong PA was $582,711 for the week ending June 3, which represents an increase of 2.1%, or $12,162, 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

 

 

 

Karen Johnson Facebook  Karen Johnson Google+  Karen Johnson LinkedIn  Karen Johnson Twitter 

"Remember there is nothing wrong with any piece of real estate the right price can't fix!"

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Pennsylvania Bucks County Furlong
Groups:
City and State
HyperLocal Neighborhood and Community Posts
Local Real Estate Market Reports
Market Reports
Market Updates

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
346,858

Karen Johnson, Realtor, ABR

"Bucks County PA Homes"
Do You Have a Question about Bucks County, PA?
*
*
*
*

Additional Information