Market Report & Homes Sales: Warminster PA 18974 -- June 2015

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

 

Market Report & Homes Sales:  Warminster PA 18974 -- June 2015

 

The median sales price for homes in Warminster PA for March 15 to June 15 was $239,500. This represents a decline of 2.2%, or $5,500, compared to the prior quarter and an increase of 4.5% compared to the prior year.

 

Sales prices have depreciated 14.3% over the last 5 years in Warminster. The average listing price for Warminster homes for sale on Trulia was $279,338 for the week ending June 3, which represents an increase of 1.3%, or $3,461, compared to the prior week and an increase of 6.2%, or $16,263, compared to the week ending May 13.

 

Average price per square foot for Warminster PA was $156, a decrease of 1.9% compared to the same period last year.

 

 

 

Warminster Summary

The median sales price for homes in Warminster PA for March 15 to June 15 was $239,500 based on 76 home sales. Compared to the same period one year ago, the median home sales price increased 4.5%, or $10,250, and the number of home sales increased 40.7%.

 

There are currently 117 resale and new homes in Warminster, including 3 open houses, as well as 102 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

 

The average listing price for homes for sale in Warminster PA was $279,338 for the week ending June 3, which represents an increase of 1.3%, or $3,461, 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!"

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Karen - looks like some great opportunities for buyers in Warminster, PA.  I know the area.  My father lived at Ann's Choice.

Jun 09, 2015 07:18 AM #1
Rainmaker
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Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Great job on your market report.  I appreciate the information and hope you are having a great week.

Jun 09, 2015 03:38 PM #2
Rainer
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Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi Grant and Captain Wayne and thank you for stopping by!  There are great opportunities in Warminster and enjoy your week too!

Jun 10, 2015 02:46 AM #3
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Rainer
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Karen Johnson, Realtor, ABR

"Bucks County PA Homes"
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