This week in Tredyffrin Easttown Real Estate 6/19/17

By
Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

This week in Tredyffrin Easttown Real Estate

As we noted in the last few reports, settlements in May were very low, however there were plenty of pending sales and we are now seeing these pending sales going to settlement.

Market Minute

15 new homes were put on the market this past week ranging in price from $399,900 to $1,825,000, of these one is under contract, there are 242 homes for sale in the Tredyffrin Easttown School District of which 27 are under contract.

4 homes went pending in the last week, with prices ranging from $265,000 to $574,500, there is a total of 128 homes pending right now in Tredyffrin Easttown School District.

17 homes went to settlement with prices ranging from $285,000 to $1,775,000, average price realized  to original list price is 98.6% and average days on market is 24 showing the homes which are selling are selling quickly.

Sales data for Tredyffrin Easttown School District

Tredyffrin Easttown Real Estate is in demand with many buyers wanting to move in to this top rated school district before the new school year. There is still a sense that there is a shortage of listings at different price points and this is encouraging sellers to ask higher prices, but buyers are being selective in the homes which they put under contract.

For a home at any price point it must be priced correctly, show value compared to the market, many of buyers have seen multiple homes and know what they are looking at comparatively. These homes also need to be prepared for sale, inspection and to go to settlement. Once a home is under contract it must then appraise, and there are many hurdles for buyers to cross during the mortgage process with lenders being highly demanding for borrowers to comply with all the tighter lending regulations and rules.

If you need help finding your way through the real estate maze contact Nick Vandekar, Tredyffrin Easttown Realtor, with Long & Foster Real Estate Inc., Nick@VandekarTeam.com, office 610-225-7400, cell or text 610-203-4543. Website www.SellingTheMainLine.com.

 

 

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If you are buying or selling on or around Tredyffrin Easttown or along the Main Line we can help you,  contact us or connect

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Rainmaker
3,156,688
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

You certainly know the Tredyffrin - Easttown Real Estate market. Buyers and sellers interested in this area, call the Real Estate Team that can help you in this neighborhood...Nick & Trudy!

Jun 27, 2017 08:54 AM #1
Rainmaker
754,170
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thank you guys, appreciate the comment.

Jun 27, 2017 11:36 AM #2
Rainmaker
5,342,864
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Jun 28, 2017 11:00 AM #3
Rainmaker
4,064,219
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nick, glad to hear the pending contracts are up, and hopefully sales will be strong into the 3rd quarter.

Jun 29, 2017 06:14 AM #4
Rainmaker
754,170
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Roy Kelley thanks for stopping by.

Joan Cox I am surprisedby the reports that pending sales are down, because we are seing a steady flow of homes going under contract. yes there is a lack of inventory, but lots of homes are sold.

Jun 29, 2017 12:11 PM #5
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Rainmaker
754,170

Nick Vandekar, 610-203-4543

Tredyffrin Easttown Realtor, Philly Main Line
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