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	<title>Chester County Real Estate Guide &#187; News</title>
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	<link>http://chestercountyrealestateguide.com</link>
	<description>A blog about Chester County, with a focus on real estate</description>
	<lastBuildDate>Fri, 03 Feb 2012 14:23:33 +0000</lastBuildDate>
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		<title>Chester County Real Estate News: February 3rd, 2012</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-february-3rd-2012/</link>
		<comments>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-february-3rd-2012/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 14:23:33 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2175</guid>
		<description><![CDATA[Downingtown requires resale inspection Downingtown Borough Council passed a resolution requiring the inspection of properties at point of sale.  The inspection fee has been set at $100. A list of the residential inspection criteria has been posted on the Alliance’s municipal database. The Alliance has questioned the validity of passing such a requirement through resolution ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Downingtown  requires resale inspection</strong></h3>
<p>Downingtown  Borough Council passed a resolution requiring the inspection  of  properties at point of sale.  The inspection fee has been set at $100.  A  list of the residential inspection criteria has been posted on the <a href="http://www.suburbanrealtorsalliance.com/municipal/munidetails.aspx?lbx_municipality=213">Alliance’s  municipal database</a>.  The Alliance  has questioned the validity of passing such a requirement  through resolution –  with no prior public notice – but encourages  REALTORS to follow the  requirements until further notice.</p>
<p><strong> </strong></p>
<h3><strong>Downingtown  Borough tables well ordinance </strong></h3>
<p>Borough   Council will wait until March to make a decision on a proposed well  ordinance  from the Downingtown Municipal Water Authority. The ordinance  is expected to be  discussed again on March 7. The ordinance would  prohibit the drilling,  installation or use of any new wells, or the  expansion of existing wells, for  water service. Residents may seek  written approval from the authority to  construct new wells or expand  existing ones. Council President Anthony “Chip”  Gazzerro said the  proposed ordinance would not become a “major problem” in  Downingtown  but rather it is a way to keeping someone from accidentally  connecting a  well to the water authority’s system and possibly causing   contamination. The ordinance would also enforce having users connect to  the  water authority on a “going-forward basis,” which would apply to  members of the  borough, East Brandywine and East Caln.  According to  Borough Solicitor Andrew Rau, municipalities can provide water  service  in one of two ways: from a body of water or a company, or from a   municipal water authority. “The borough code says if you create a  system, you  can make people use it” to ensure that a public system is  financially able to  continue to operate, said Rau. To date, neither  East Brandywine nor East Caln has approved the ordinances submitted to  them  by the water authority. The revised ordinance is expected to be  presented to East Brandywine supervisors again at a March 21 meeting.</p>
<p><em>Source:  Daily Local; 1/31/2012</em></p>
<h3><strong>West Whiteland   Township to consider trash fee increase </strong></h3>
<p>Discussions   on proposed fee increases have been postponed by West Whiteland    Township officials until  Feb. 22. Residents were invited to the initial  proposal made by the township  manager last week, but township  supervisors decided on an additional meeting  because of the late notice  residents received. Township Manager Michael  Cotter proposed doubling  the fee per trash bag from $2 to $4. The increase  would alleviate some  of the burden on the township, which has seen reduced  funding for the  waste removal system in recent years. The state reworked the  formula it  uses for calculating the amount of performance grant money townships   receive, Cotter explained. The change will leave a significant gap  between the  cost of waste removal and the funding the township sets  aside for it. In 2008, West Whiteland received $542,811 in grants  compared to  2009’s $171,472. Supervisors said township residents on  average pay $104  annually for waste removal. That fee would jump to  $208 at $4 a bag. For 2013  and after, there was also a recommendation  to create a potential series of  small scale fee increases to recapture  the cost of operations, stabilize  reserves and address longer term  capital requirements. The full presentation  made by the township  manager can be found at the township’s website, <a href="http://www.wwhiteland.org/">www.wwhiteland.org</a>. The next meeting  is set for 6:30 p.m. Feb. 22, at the township building, 101 Commerce Drive, Exton.</p>
<p><em>Source: Daily Local; 2/1/2012</em></p>
<h3><strong>West Chester Borough Council to draft changes to  building height regulations</strong></h3>
<p>West   Chester Borough Council directed its solicitor to draft changes to the   borough’s building height regulations. Proposed by Council President  Holly  Brown, the changes would restrict a height option overlay  district west of Adams Street to 45  feet by right and 60 feet with  conditions. The current ordinance allows for 45  feet by right and 75  with conditional use, with an additional option to go to  90 feet only  if a building has 25 percent or more residential use. As a frame  of  reference, the parking garage on Chestnut    Street across from the YMCA  is 75 feet tall.  Though arguments were made for and against the  proposal, most residents  expressed a desire to change the ordinance to  reflect the proposed heights,  saying that it would preserve the appeal  and charm that makes West   Chester attractive for most visitors and  residents. Residents and  borough officials agreed the aesthetics of the  building were much more  important than the actual height itself. This  was reflected in the vote  Wednesday that gave permission for the  proposed ordinance with the condition  that it would not be advertised  until after June 3.</p>
<p><em>Source: Daily Times; 1/31/2012 </em></p>
<p><em> </em></p>
<h3><strong>Phoenixville School    District preliminary budget  increases </strong></h3>
<p>The  preliminary  budget for next year’s Phoenixville   Area School     District increases spending about 3.89 percent  over the current year.  If adopted as is, property taxes would increase about  $162 on a house  valued at $150,000, according to district figures.</p>
<p><em>Source: Daily Local;  1/30/2012</em>
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		<title>Chester County Real Estate Statistics: January 2012</title>
		<link>http://chestercountyrealestateguide.com/market-update/chester-county-real-estate-statistics-january-2012/</link>
		<comments>http://chestercountyrealestateguide.com/market-update/chester-county-real-estate-statistics-january-2012/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 21:41:28 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[Market Update]]></category>
		<category><![CDATA[Monthly Update]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2166</guid>
		<description><![CDATA[January was a very predictable month. Supply was inline with historical numbers, as was demand and the list to sale price ratio.  The average sale price was not inline with historical numbers, as it was at about $318k, when we usually see it up around $370k. This is as sign that it seems that many ...]]></description>
			<content:encoded><![CDATA[<p><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-4up.png"><img class="alignnone size-full wp-image-2167" title="Chester County Homes for sale Market statistics" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-4up.png" alt="" width="500" height="346" /></a></p>
<p>January was a very predictable month. Supply was inline with historical numbers, as was demand and the list to sale price ratio.  The average sale price was not inline with historical numbers, as it was at about $318k, when we usually see it up around $370k. This is as sign that it seems that many lower end homes settled last month and those homes went under contract in November and December when the activity was very slow.</p>
<p>We can say that the &#8220;word on the street&#8221; is that the market activity has begin early. We have seen it in our business &#8211; lots of calls and inquiries on listings. So it seems that the Spring market has started early. Hopefully this is sustained and the increased interest and activity carries through the rest of the year. If it does, it will be a big step toward recovery.  This activity seems to be driven by a general restlessness &#8211; people just need to do something and can&#8217;t wait any longer, or feel this is their best opportunity.</p>
<p>That&#8217;s our take on January&#8217;s numbers, take a look for your self!</p>
<table>
<tbody>
<tr>
<td>
<div id="attachment_2168" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-Demand.png"><img class="size-thumbnail wp-image-2168" title="Chester County Homes for sale - Market Demand" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-Demand-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">DEMAND</p>
</div>
</td>
<td>
<div id="attachment_2169" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-supply.png"><img class="size-thumbnail wp-image-2169" title="Chester County Homes for Sale - Supply" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-supply-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">SUPPLY</p>
</div>
</td>
<td>
<div id="attachment_2170" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-Pending.png"><img class="size-thumbnail wp-image-2170" title="Chester County Pending Homes for sale" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-Pending-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">PENDING</p>
</div>
</td>
<td></td>
</tr>
<tr>
<td>
<div id="attachment_2171" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-avgSold.png"><img class="size-thumbnail wp-image-2171" title="Chester County Homes for Sale average sold price" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-avgSold-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">AVERAGE SOLD PRICE</p>
</div>
</td>
<td>
<div id="attachment_2172" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-LSPRatio.png"><img class="size-thumbnail wp-image-2172" title="How much are chester county homes selling for?" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201201-LSPRatio-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">LIST TO SALE PRICE RATIO</p>
</div>
</td>
</tr>
</tbody>
</table>
<h1>What Does This Mean For ME?</h1>
<p><strong>IF YOU ARE SELLING OR THINKING OF SELLING: </strong></p>
<p>Yes – it is still a difficult time to sell a home. However, our team      continues to have great success getting homes sold. At the end of  October  , <strong> we’ve sold 41 homes.</strong> In the end, you must   have an exceptional    agent by your side to help you get the   information and perspective you    need to make this critical decision.   We’ve helped many clients do  just   that over the last year and a  half.  Call us today to let us know  you   need help.</p>
<p><strong>IF YOU ARE BUYING A HOME OR THINKING ABOUT IT: </strong></p>
<p>There continues to be amazing opportunities there for those who have     all  their “ducks in a row”. If you do not have a home to sell, that     means  knowing the process, having your financial options figured out     and  knowing, clearly, what you are looking for. If you have a home  to    sell,  that adds that you have met with Caleb to know what the  SELL  side   looks  like and then meeting with Chris to clearly nail  down the  buy   side.  Interest rates are amazing, hovering around  4.25%.  So if  you are thinking about   buying,  call us today to get  that ball  rolling.</p>
<h2>NEXT STEPS:</h2>
<ul>
<li><strong>What Is My Home Worth?</strong> Want to get a good idea of    what your home is worth? Complete my <strong><a title="What's my  chester   county home worth?" href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/my-homes-value/" target="_blank">Home Value Survey</a></strong> and find out what your <a title="What's my chester county home worth?" href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/my-homes-value/" target="_blank">Chester County Home is worth.</a> . .</li>
<li><strong>What Is That Home Worth? </strong>“Stop the car, honey                     … look at that house. I wonder what it’s selling for” Does      this            ever     happen to you? Ever wonder what that house   is     selling   for?   <a title="View Homes for sale in Chester County" href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/search-for-homes/" target="_blank">Search and view all homes for sale in the Chester    County area</a></li>
<li><strong>What do I need to know before I sell?</strong> Typically    when a home does not sell, there is one reason…and it isn’t price. <a href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/contact-chris/">Please    contact me to discuss what you need to know before you sell!</a></li>
</ul>
<p>BTW, We do have very specific data for every price range and area of                     town. Want specific data pertaining to your    neighborhood    or      your     own      home? We have it! Please let    me know if you    would    like   a          neighborhood-specific    analysis by<a href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/contact-chris/"> contacting me!</a>
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		<title>Chester County Real Estate News: January 27th, 2012</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-january-27th-2012/</link>
		<comments>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-january-27th-2012/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 14:53:43 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2162</guid>
		<description><![CDATA[Oxford school board representation dispute continues Opposing sides in the dispute over reapportionment of the Oxford Area School Board’s voting districts agreed to sit down together and attempt to reach an agreement on new boundaries before fighting the matter out in Common Pleas Court. A hearing was scheduled to ask Judge Shenkin to approve the ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Oxford school board  representation dispute continues</strong></h3>
<p>Opposing   sides in the dispute over reapportionment of the Oxford Area School  Board’s  voting districts agreed to sit down together and attempt to  reach an agreement  on new boundaries before fighting the matter out in  Common Pleas Court. A  hearing was scheduled to ask Judge Shenkin to  approve the at-large plan for  board representation that was approved by  a 5-3 vote of the board last year, as  is required by law. Opponents  had, however, submitted two modified plans for  regional and at-large  representation to the court, asking Shenkin to give his  nod to one of  them rather than the board’s plan. Before the hearing began, with  the  courtroom packed on both sides of the aisle, attorney Patrick O’Donnell,   representing the at-large plan opponents, suggested to Judge Shenkin  that he  appoint a mediator to help the sides settle the dispute. He  noted that such a  technique had been successful in two other  contentious voting cases, including  the fight over a polling place in  Lower Oxford.  Shenkin gave the sides until March 8 to  report on  whether any progress had been made in negotiations or whether a full   hearing on the issue would be necessary. Asked if he thought the two  sides  could reach a compromise between the at-large plan approved by  the school board  last year and the modified plans supported by some  district residents,  President Joe Scheese told a reporter “I don’t  think so.”</p>
<p><em>Source: Daily Local; 1/23/2012</em></p>
<p><strong> </strong></p>
<h3><strong>Phoenixville website highlights  community</strong></h3>
<p>Phoenixville  Borough’s website  includes links to a Video TourBook, which highlights various  aspects of  the community. The videos are all available on the lower right hand   side of <a href="http://www.phoenixville.org/">www.phoenixville.org</a> and include the following topics:</p>
<ul>
<li>Welcome</li>
<li>Quality  of Life</li>
<li>Real  Estate and Relocations</li>
<li>Education</li>
<li>Arts  and Entertainment</li>
<li>Parks  and Recreation</li>
</ul>
<h3><strong>Residents object to Parkesburg tax  hike proposal</strong></h3>
<p>Changes in   how money is being allocated means the 2012 Parkesburg budget will be   advertised for reopening, but the 2012 tax rate is still expected to  jump  dramatically. The new tax rate borough council is advertising for  this year is  10 mills, a 25% increase over the 2011 rate of 8 mills.  For residents with a  home assessed at $100,000, the two-mill increase  will mean an additional $200  in taxes. Residents attended the January  16 Borough Council meeting to question  the need for the increase. The  tax ordinance and budget will be considered at  the February 6 Council  meeting.</p>
<p><em>Source: Avon Grove Sun; 1/19/2012</em></p>
<h3><strong>Ordinance gives residents right to  permit parking</strong></h3>
<p>West Chester   Borough Council gave residents of the 400 block of West Miner Street  the right to permit  parking. The new ordinance designates that West  Miner Street between Wayne and Brandywine  Streets will be included in  residential parking permit zone B from 8 a.m. to 4  p.m., Monday through  Friday. Residents brought the parking issue to the  attention of  council last year, citing problems with county employees using  their  spaces. Similar parking petitions from South Brandywine Street and Wayne  Street were  denied because council did not feel there was the same  immediate parking issue.  Councilman Jim Jones suggested creating an ad  hoc parking committee to examine  the borough’s long term parking  problems.</p>
<p><em>Source: Daily Local; 1/23/2012</em></p>
<p><em> </em></p>
<h3><strong>Solar farm developers promise sewer  hookups, buffer expansion</strong></h3>
<p>The   developers of a proposed solar farm project in Caln Township  promised  residents who live north of the property that they will expand a  buffer  and pay for sewer-connection fees. The farm is proposed for 46 acres   south of Dogwood Lane.  During a township hearing, developer Harry  Keares said the new plan is to move  the natural buffer on the northern  part of the property from 25 feet to 100  feet. The developer will also  pay for both a public sewer and water line along Scott Drive and Dogwood  Lane and  pay the tie-in fees to the 38 residences along those streets.  The Board of  Commissioners has 45 days to render a decision on the  proposed project.</p>
<p><em>Source: Daily Local;  1/23/2012</em>
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		<title>Chester County Real Estate News: January 13th, 2012</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-january-13th-2012/</link>
		<comments>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-january-13th-2012/#comments</comments>
		<pubDate>Fri, 13 Jan 2012 14:39:56 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2158</guid>
		<description><![CDATA[Early Coatesville District spending plan includes tax increase The Coatesville Area School Board discussed a preliminary budget with a 3.36 percent tax increase during Tuesday&#8217;s finance committee meeting. The budget would require the district to apply for exceptions to increase taxes above the state-mandated 2.1 percent limit set by the Act 1 index, which is ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Early Coatesville District spending plan includes tax increase</strong></h3>
<p>The  Coatesville Area School Board discussed a preliminary budget with a  3.36 percent tax increase during Tuesday&#8217;s finance committee meeting.  The budget would require the district to apply for exceptions to  increase taxes above the state-mandated 2.1 percent limit set by the Act  1 index, which is determined by various market measures. Board  President J. Neil Campbell said he is uncomfortable with a tax increase  over 3 percent, but he voted for the measure to move it forward and give  the district flexibility. The proposed tax increase of 3.36 percent is  below the estimated increase in expenditures at 3.5 percent. Many  districts are filing for the exceptions at this point even if they do  not plan to use them to give themselves flexibility. Two hundred  districts in the state responded to a recent survey and nearly half said  they are filing for the exceptions. The final budget will not be  released until April or May.</p>
<p><em>Source: Daily Local; 1/11/12</em></p>
<p><em> </em></p>
<h3><strong>Chester County’s former steel towns credit ratings shift</strong></h3>
<p>According  to Moody’s, Chester County’s former steelmaking towns are headed in  opposite financial directions. Moody’s boosted its rating on $12 million  of Phoenixville’s general-obligation bonds to Aa3, citing the borough’s  “ample financial reserves” and downtown redevelopment, which has put  more property back on the tax rolls. Moody’s dropped the rating on $158  million in Coatesville Area School District general-obligation debt from  A2 to A1 blaming the “structural imbalance in the district’s operating  budget resulting in five years of operating deficits that have decreased  the district financial position.”</p>
<p><em>Source: Philadelphia Inquirer; 1/10/2012</em></p>
<p><em> </em></p>
<h3><strong>T/E board leaves options open for property tax exceptions</strong></h3>
<p>The  Tredyffrin/Easttown Board of Education voted to publish notice of the  intent to file for referendum exceptions that would enable the board to  enact a tax increase of 3.3 percent.  The vote came after a presentation  of preliminary budget options for 2012-13 within the context of a  five-year projection of revenues and expenses. In a letter mailed  earlier to all T/E taxpayers, the district had explained that it faces a  deficit of about $6.2 million because of &#8220;continued revenue erosion,  contractual salary expenses and benefit costs (and an) increased rate of  retirement contributions to the Pennsylvania School Employees  Retirement System.&#8221; That retirement-fund contribution rate is 12.36  percent of paid salaries for 2012-13 and projects to 23.66 percent in  2015-16, according to Tuesday&#8217;s presentation.</p>
<p><em>Source: Daily Local; 1/5/2012</em></p>
<p><em> </em></p>
<h3><strong>Oxford council revisits sidewalk issue</strong></h3>
<p>Property  owners in Oxford without sidewalks may have to install them, depending  on their location in the borough. Councilman Randy Teel expressed  concerns about the lack of enforcement of the sidewalk ordinance.  According to borough ordinances, sidewalks must be installed on  properties that do not have them when the parcel is sold. Teel has  expressed concerns that Wells Fargo Bank on North Third Street was not  required to put in sidewalks when ownership was transferred on the  property. Enforcement of the ordinance seems to have varied over the  years.  According to the borough solicitor, council can define a region  for sidewalk improvements based on health and safety needs. Borough  Manager Betsy Brantner pointed out that the planning commission will  tell a builder if they need a sidewalk during their plan review. Now  that sidewalks are being discussed again, the policies on enforcement of  the ordinance are going to council’s codes committee for further  discussion.</p>
<p><em>Source: Daily Local; 1/11/2011</em>
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		<title>Chester County Real Estate News: January 6th, 2012</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-january-6th-2012/</link>
		<comments>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-january-6th-2012/#comments</comments>
		<pubDate>Fri, 06 Jan 2012 14:05:37 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2155</guid>
		<description><![CDATA[Portion of Downingtown rezoned Downingtown Council members unanimously approved to rezone Brandywine Avenue and the 100 block of Washington Avenue to a General Commercial District. Under previous zoning, the area included residential, industrial and commercial zones. According to Andrew Rau, the borough&#8217;s solicitor, the area will now be both residential and commercial throughout, which will ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Portion of Downingtown rezoned</strong></h3>
<p>Downingtown   Council members unanimously approved to rezone Brandywine Avenue and  the 100 block of Washington Avenue  to a General Commercial District.  Under previous zoning, the area included  residential, industrial and  commercial zones. According to Andrew Rau, the  borough&#8217;s solicitor, the  area will now be both residential and commercial  throughout, which  will allow for a variety of different uses for the buildings,  including  churches, legal offices and stores. &#8220;The residence can always  stay as a  residence,&#8221; said Rau. Homeowners can also expand upon the  current  building, up to 25 percent. The most significant change will occur when   a homeowner wishes to sell or change a property to a commercial  building. If  this change occurs and remains as a business entity for  more than 12 months,  and the owner wishes to return the building to a  residence, they must petition  to do so to the Zoning Hearing Board.</p>
<p><em>Source: Daily Local; 12/29/2011</em></p>
<p><em> </em></p>
<h3><strong>West Vincent seeks volunteer for  Planning Commission</strong></h3>
<p>The West  Vincent Board of  Supervisors is searching for a volunteer to serve on the  Planning  Commission.  This will be a two  year commitment, with meetings taking  place on the 2nd and 3rd Thursday of each  month.  If you have a desire  to serve  West Vincent in this way, please send your name, contact  information and any  qualifications you feel would help the Township in  this capacity to <a href="mailto:tswavley@westvincenttownship.org">tswavley@westvincenttownship.org</a>.</p>
<h3><strong>Easttown approves 2.5 percent tax  increase</strong></h3>
<p>Easttown  Township supervisors approved a 2.5 percent  tax increase for the  township’s 2012 budget. The increase is the lowest in the  past four  years and follows a 4 percent increase in the 2011 budget. The millage   rate will increase from 3.919 to 3.979 mills. In October, Easttown  residents  found they would have a 2.5 percent increase in sewer rates  for the next five  years due to an ongoing and urgent need to upgrade  the township’s part of the  Valley Creek Trunk Sewer System, and also a 4  percent increase in trash removal  fees.</p>
<p><em>Source: Daily Local; 12/27/2011</em></p>
<p><em> </em></p>
<h3><strong>Oxford officials approve tax  hike to fund $3.27 million budget</strong></h3>
<p>Oxford   Council approved an increase in the real estate tax rate for 2012,  bringing it  up from 11 mills to 11.20 mills. For a homeowner in the  borough with a property  assessed at $100,000, that translates to a tax  increase of $25 for the year.</p>
<p><em>Source: Daily Local; 12/24/2011</em></p>
<p><em> </em></p>
<h3><strong>Downingtown council OKs sale of  Kardon Park</strong></h3>
<p>Downingtown   Borough Council approved an agreement to sell Kardon Park  to  developers Sarah Peck and Jack Loew. Prior to the meeting, Borough  Manager  Stephen Sullins said the agreement will outline how the sale  would proceed when  and if the litigation over Kardon   Park is  resolved, since  everything in the courts must be settled prior to the  land&#8217;s transfer.  Solicitor Patrick McKenna said the agreement had  undergone several revisions  since Dec. 22. The agreement of the sale  involves three park parcels, called  Parcel 1, Parcel 2 and Parcel 3.  Parcel 1 is measured at approximately 17.5  acres and is located in the  borough; Parcels 2 and 3, in East Caln, are approximately  three and  seven acres, respectively. According to the newest revision of the   contract, Parcel 1&#8242;s minimum price is $2.61 million; Parcel 2&#8242;s is  $900,000;  and Parcel 3&#8242;s is $860,000. McKenna said at the meeting that  even if the  developers purchase Parcel 1 and not Parcel 2, they must  still remediate Parcel  2. The developers have already deposited  $300,000, which will be applied to the  total purchase price.</p>
<p><em>Source: Daily Local; 12/29/2011</em></p>
<p><em> </em></p>
<h3><strong>O’Neill, Citizens settle dispute</strong></h3>
<p>Litigation   between two of the region’s economic heavyweights, Citizens Bank of  Pennsylvania and  developer Brian O’Neill, is over. Accompanying word of  settlement, O’ Neill  made an enthusiastic pronouncement that his  long-stalled Uptown Worthington  mixed-use development near Malvern &#8212;  which stood at the center of the nearly  two-year-long dispute &#8212; would  soon rumble with new construction. As Uptown Worthington progresses,  it  will include modifications to the original plan. What were once  envisioned  as condominiums will be 753 apartments built in three  phases, the first to  begin within six months. Construction of a 145,000  square foot office building  will also begin within the next three  months. An additional 375,000 square feet  of retail space is expected  to accommodate 55 stores and 15 restaurants.</p>
<p><em>Source: Philadelphia Inquirer; 12/24/2011</em></p>
<p><em> </em></p>
<h3><strong>No tax hike for residents in Pocopson</strong></h3>
<p>Pocopson  Township residents can look forward to  another year without a property  tax increase from the township. According to  Supervisor Steve Conary,  new homes at Scaleby Farms and new construction by NV  Homes have  brought in taxes Pocopson had not expected. Conary also noted that  the  township’s open-space preservation program has officially ended. Enacted  in  2006, the open space program used a 1 mill property tax to purchase  open space throughout  the township and place easements on those  properties. At the time, the township  officials limited the program to  five years. The 1 mill tax, which was enacted  by public referendum,  will remain in place for the next few years to offset  funds borrowed by  the township to purchase land for the purpose of open space.  The  township has conserved 1,264 acres of land through the program.</p>
<p><em>Source: Daily Local;  12/25/2011</em>
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		<title>Chester County Real Estate Statistics: December 2011</title>
		<link>http://chestercountyrealestateguide.com/market-update/chester-county-real-estate-statistics-december-2011/</link>
		<comments>http://chestercountyrealestateguide.com/market-update/chester-county-real-estate-statistics-december-2011/#comments</comments>
		<pubDate>Thu, 05 Jan 2012 17:50:18 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[Market Update]]></category>
		<category><![CDATA[Monthly Update]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2145</guid>
		<description><![CDATA[2011 is done. Over with. In the past.  The year was sort of like &#8220;medicine&#8221; in my opinion. During the Christmas weekend, my younger son (Chris speaking here) came down with Strep throat. In order to help with the pain &#38; healing, he had to take several different medicines. This wasn&#8217;t easy, as he is ...]]></description>
			<content:encoded><![CDATA[<div id="attachment_2146" class="wp-caption alignnone" style="width: 486px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-4up.png"><img class="size-full wp-image-2146" title="Chester County Real Estate Statistics for December 2011" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-4up.png" alt="" width="476" height="330" /></a>
<p class="wp-caption-text">Click to Enlarge</p>
</div>
<p>2011 is done. Over with. In the past.  The year was sort of like &#8220;medicine&#8221; in my opinion. During the Christmas weekend, my younger son (Chris speaking here) came down with Strep throat. In order to help with the pain &amp; healing, he had to take several different medicines. This wasn&#8217;t easy, as he is only 3 years old and very strong willed. If he doesn&#8217;t like something or want to do it, he won&#8217;t. So trying to &#8220;Sell&#8221; him on taking medicine wasn&#8217;t easy. It tasted awful, but was very good for him.</p>
<p>That&#8217;s sort of how I look at 2011. It didn&#8217;t go down very well, but it&#8217;s a big step towards recovery.  I&#8217;ve read a lot of articles from &#8220;experts&#8221; and many are saying there are many signs that the national housing market is very near the bottom and close to recovery. Here are some of those points:</p>
<p style="padding-left: 30px;"><strong>- From <a href="http://www.calculatedriskblog.com/2012/01/some-housing-forecasts.html">CalculatedRiskBlog.com:</a><br />
</strong></p>
<ul>
<li> In 2011, construction employment added a few jobs, first since 2006</li>
<li>Some say new home sales and housing starts may see an increase on 2012</li>
<li>Wells fargo is predicting a 15% increase in sales of new construction, best year since 2008.</li>
<li>Goldman sachs believes that housing starts have bottomed out</li>
<li>Even with a 15% increase, it&#8217;s still the third worst year since the census Bureau started tracking new homes sales in 1963 (2009 and 2010 being the worst respectively )</li>
</ul>
<p style="padding-left: 30px;">
<p style="padding-left: 30px;"><strong>- Bob Denk, senior economist at the National Association of Home Builders, </strong>to CNNMoney &#8220;Inventories of new homes are very low: There&#8217;s nothing on the shelf, so any increase in new home sales will translate directly into new housing starts. That means putting people back to work.&#8221;</p>
<p><strong>- Tara-Nicholle Nelson of Inman News</strong> says &#8220;- Consumers will get &#8220;hopeless&#8221;, meaning they will realize that this is the new &#8220;normal&#8221; and start to take action on things they&#8217;ve put off. &#8220;<a href="http://www.inman.com/buyers-sellers/columnists/taranichollenelsoninmancom/4-predictions-about-2012-real-estate-market">(Read her full article)</a></p>
<p style="padding-left: 30px;">- &#8211; Beginning of the end of the housing bust? Due to a rise in housing starts permits, this expert believes so.  (<a href="http://www.businessinsider.com/this-is-the-beginning-of-the-end-of-the-housing-bust-2011-12">http://www.businessinsider.com</a>)</p>
<p>All of this does give me some hope. I have believed and been predicting that 2012 will be somewhat similar to 2012. In fact, we still feel that, due to the &#8220;Distressed Property&#8221; inventory (Foreclosures and Short Sales) that home prices will continue to slide, possibly as much as 10%. However, I believe there will be an uptick in activity, in the number of homes sold. I believe that will be due to a combination of consumers getting to that point where they realize that things aren&#8217;t going to just magically turn around and start to get off the fence and just pent up needs.</p>
<p>With that long introduction, let&#8217;s look at the numbers for December 2011:</p>
<p><strong>SUPPLY:</strong><br />
Supply is the lowest it&#8217;s been in a very long time.  In our opinion, this is a good sign. When supply is down and demand is up, it means good things. As we will mention, demand is not skyrocketing, but it isn&#8217;t dropping either. As we said the last few months, we feel this is due to many people getting &#8220;out of the game&#8221; because they are seeing reality and they can&#8217;t get the price they want for their home, so they are staying in the house for now.</p>
<p><strong>DEMAND:</strong><br />
Demand, or the number of homes sold has been pretty steady, despite the seasonal trend that activity lightens up. We&#8217;ve personally seen quite a bit of interest in the last few weeks, so we feel that January is going to be an active one. <strong> </strong></p>
<p><strong>LIST TO SALE PRICE RATIO:<br />
</strong>This is another positive sign. In December, homes that sold received about 91.5% of asking price. That&#8217;s more than seasonally expected and shows that prices are getting to where they should be. The next 6 months will be very telling. If this number can stay closer to 93% than 90%, this is a good sign.</p>
<table>
<tbody>
<tr>
<td>
<div id="attachment_2147" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-Demand.png"><img class="size-thumbnail wp-image-2147" title="Demand for homes for sale in Chester County pa" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-Demand-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">DEMAND</p>
</div>
</td>
<td>
<div id="attachment_2148" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-Supply.png"><img class="size-thumbnail wp-image-2148" title="Supply of homes for sale in Chester County, PA" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-Supply-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">SUPPLY</p>
</div>
</td>
<td>
<div id="attachment_2149" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-PND.png"><img class="size-thumbnail wp-image-2149" title="Pending Homes For Sales for Chester County, PA" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-PND-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">PENDING</p>
</div>
</td>
<td></td>
</tr>
<tr>
<td>
<div id="attachment_2150" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-SoldPrice.png"><img class="size-thumbnail wp-image-2150" title="Average price of a home sold in Chester County, PA" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-SoldPrice-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">AVERAGE SOLD PRICE</p>
</div>
</td>
<td>
<div id="attachment_2151" class="wp-caption alignnone" style="width: 160px"><a href="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-LPR.png"><img class="size-thumbnail wp-image-2151" title="Average list to sale price ratio for homes for sale in Chester County" src="http://chestercountyrealestateguide.com/wp-content/uploads/2012/01/201112-LPR-150x150.png" alt="" width="150" height="150" /></a>
<p class="wp-caption-text">LIST TO SALE PRICE RATIO</p>
</div>
</td>
</tr>
</tbody>
</table>
<h1>What Does this mean for me?</h1>
<p><strong>IF YOU ARE SELLING OR THINKING OF SELLING: </strong></p>
<p>Yes – it is still a difficult time to sell a home. However, our team      continues to have great success getting homes sold. At the end of 2011   , <strong> we sold 48 homes.</strong> In the end, you must  have an  exceptional    agent by your side to help you get the  information and  perspective you    need to make this critical decision.  We’ve helped  many clients do  just   that over the last year and a half.  Call us  today to let us know  you   need help.</p>
<p><strong>IF YOU ARE BUYING A HOME OR THINKING ABOUT IT: </strong></p>
<p>There continues to be amazing opportunities there for those who have     all  their “ducks in a row”. If you do not have a home to sell, that     means  knowing the process, having your financial options figured out     and  knowing, clearly, what you are looking for. If you have a home  to    sell,  that adds that you have met with Caleb to know what the  SELL  side   looks  like and then meeting with Chris to clearly nail  down the  buy   side.  Interest rates are amazing, hovering around  4.25%.  So if  you are thinking about   buying,  call us today to get  that ball  rolling.</p>
<h2>NEXT STEPS:</h2>
<ul>
<li><strong>What Is My Home Worth?</strong> Want to get a good idea of    what your home is worth? Complete my <strong><a title="What's my  chester   county home worth?" href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/my-homes-value/" target="_blank">Home Value Survey</a></strong> and find out what your <a title="What's my chester county home worth?" href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/my-homes-value/" target="_blank">Chester County Home is worth.</a> . .</li>
<li><strong>What Is That Home Worth? </strong>“Stop the car, honey                     … look at that house. I wonder what it’s selling for” Does     this             ever     happen to you? Ever wonder what that house  is      selling   for?   <a title="View Homes for sale in Chester County" href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/search-for-homes/" target="_blank">Search and view all homes for sale in the Chester    County area</a></li>
<li><strong>What do I need to know before I sell?</strong> Typically    when a home does not sell, there is one reason…and it isn’t price. <a href="../chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/chester_county/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/market-update/contact-chris/">Please    contact me to discuss what you need to know before you sell!</a></li>
</ul>
<p>BTW, We do have very specific data for every price range and area of                    town. Want specific data pe
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		<title>Chester County Real Estate News: December 16th, 2011</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-december-16th-2011/</link>
		<comments>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-december-16th-2011/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 15:19:36 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2140</guid>
		<description><![CDATA[Easttown Township sewer moratorium Easttown Township is currently under a PA Department of Environmental Protection-mandated Capacity Management Plan (CMP), which effectively precludes adding new or expanded sewer connections. Several updates need to be made to the sewer system in the township before the CMP will no longer be active.  In order for that to happen, ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Easttown Township sewer moratorium</strong></h3>
<p>Easttown Township is currently  under a PA Department  of Environmental Protection-mandated Capacity  Management Plan (CMP), which  effectively precludes adding new or  expanded sewer connections. Several updates  need to be made to the  sewer system in the township before the CMP will no  longer be active.   In order for that to  happen, there needs to be an upgrade to the Valley  Creek Trunk Sewer; six sewer  pump stations in Easttown need to be  replaced or refurbished; and the township must  continue removing clean  water (inflow and infiltration) from the system. The  projects should  take approximately three years to complete.</p>
<h3><strong>First Suburbs honors Coatesville  official, Gerlach</strong></h3>
<p>The   Southeastern Pennsylvania First Suburbs Project was formed approximately  four  years ago to address major challenges facing inner-ring suburbs  such as  housing, infrastructure and education finance reform in  Delaware,  Bucks, Chester and Montgomery counties. The regional  coalition  consists of municipal, education, faith and civic leaders.   The coalition recently presented the Jonathan  T. Schmidt Visionary  Leadership Award to Coatesville Assistant City Manager  Kirby Hudson.  Hudson  said he believes the coalition has helped his city improve  housing issues. The  Most Powerful Federal Legislator Ally of the Year  award went to U.S. Rep. Jim Gerlach  (R), and the Most Powerful State  Legislator Ally of the Year award went to  state Sen. Ted Erickson (R),  of Newtown.</p>
<p><em>Source: Daily Local; 12/12/2011</em></p>
<h3><strong>Chester County residents to see tax  increase in U-CF</strong></h3>
<p>Residents in   the Unionville-Chadds Ford School District  will see an increase in  next year’s tax bills in Chester  County, while Delaware County   residents will see a slight decrease. The administration presented a   preliminary budget for the 2012-13 tax year which will set spending at  $71.6  million. That figure means an increase in millage rates of 3.87  for Chester County  residents and an 0.60 percent decrease for Delaware  county residents. A mill is a tax  of $1 for every $1,000 of assessed  real estate value. In Chester County,  the millage rate goes up from  24.68 mills to 25.48, a 3.87 percent increase  over 2011-12 rates. In  Delaware   County, the millage rate  drops from 21.82 mills to 21.69  mills. The preliminary budget is scheduled for  adoption at the Jan. 23  school board business meeting.</p>
<p><em>Source: Daily Times; 12/14/2011</em></p>
<h3><strong>Anti-eminent domain language eyed for  regional land plan</strong></h3>
<p>In light of   a recent plan to take by condemnation the Ludwig&#8217;s Corner Horse Show  grounds, a  Chester County commissioner has recommended that  a proposed  regional open space plan include language that specifically opposes   using eminent domain to acquire park land. Commissioner Ryan Costello  attended  an East Vincent Township Board of Supervisors meeting  Wednesday to make that  recommendation. East Vincent is the lead  municipality for the parks, recreation  and open space plan being  developed by the Federation of Northern Chester  County Communities. The  plan, two years in the making, is nearing completion  and is expected  to be approved in February, according to Township Supervisor  Christine  McNeil, who also serves as vice president of the federation. When   complete, it will define a vision for parks, open space and recreation  for nine  Northern Chester  County townships: East Coventry, East   Pikeland, East Nantmeal, East Vincent, North Coventry, South Coventry,  Warwick, West Pikeland,  and West Vincent.</p>
<p><em>Source: Daily Local;  12/9/2011</em>
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		<title>Chester County Real Estate News: December 13th, 2011</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/west-chester-pa-19380-19382/chester-county-real-estate-news-december-13th-2011/</link>
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		<pubDate>Tue, 13 Dec 2011 15:11:39 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Phoenixville]]></category>
		<category><![CDATA[West Chester]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2137</guid>
		<description><![CDATA[Phoenixville council eyes 19% tax hike Phoenixville Borough Council voted to advertise a proposed $7.6 million 2012 budget that includes a 19 percent tax increase. The proposed millage increase, .84, means a household appraised at $100,000 would pay $84 more in real estate taxes next year. The new millage rate is 5.25, up from last ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Phoenixville council eyes 19% tax  hike</strong></h3>
<p>Phoenixville   Borough Council voted to advertise a proposed $7.6 million 2012 budget  that  includes a 19 percent tax increase. The proposed millage  increase, .84, means a  household appraised at $100,000 would pay $84  more in real estate taxes next  year. The new millage rate is 5.25, up  from last year’s 4.41. Borough Council  was tasked with balancing the  budget with a $144,338 shortfall in the general  fund. The preliminary  budget takes into account the debt service for a bond to  complete  capital improvements (.71 mill). The $10.9 million bond accounts for  $2  million for repairs to water infrastructure, $500,000 in improvements  to the  wastewater treatment plant, and an $8 million new borough hall.  After an  executive session, council agreed to take the steps needed to  issue the bond  for the new borough hall. The proposed budget includes  increases for the cost  of sewer and water for residents: $5.15 per  thousand gallons for sewer and  $6.80 – up from last year’s $6.15 – for  water. The shortfall of $144,338 was  reduced to $111,000 with various  adjustments. The gap was closed with an  increase to the cost of safety  permits and licenses and a .13 mill increase to  the general fund. A  public hearing is set for Dec. 13, during which Borough  Council will  vote on the final budget for 2012.</p>
<p><em>Source: The Mercury; 12/1/2011</em></p>
<p><strong> </strong></p>
<h3><strong>Horseshow grounds condemnation sets  off major debate in West Vincent</strong></h3>
<p>West  Vincent  Township Supervisors announced a decision to condemn a 33-acre  tract of land  last week in a news release as part of their &#8220;ongoing  effort to fulfill  the vision of its Ludwig&#8217;s Corner Strategic Vision  and Community Design Plan.”  The plan calls for “a compact, walkable,  traditional village center containing  a blend of municipal, commercial  and residential uses.&#8221; Supervisors said  they intended to incorporate  the grounds into their master land-use plan as a  public park, offering  both active and passive recreation, such as playing fields  for local  youth leagues. The announcement was met with protests from members of   the community and the current owners of the land, the Ludwig’s Corner  Horse Show  Association. West Vincent Supervisors opted to table  discussion of the issue at  a recent meeting, but decided not to vote to  rescind the condemnation Monday  night due to Supervisor Ken Miller’s  absence.</p>
<p><em>Source: Daily Times; 12/6/2011</em></p>
<p><strong> </strong></p>
<h3><strong>West  Chester seeks volunteers for 2012 Boards and Commissions</strong></h3>
<p>Much  of the  important work of the Borough of West Chester is done by  volunteers serving on appointed  Boards and Commissions. These volunteer  Boards and Commissions provide Borough  Council with advice on various  matters and help to deliver quality municipal  services. Follow the link  below for a list of the Boards and Commissions that  will have  vacancies in January 2012 along with a brief description of their   function and the qualifications for serving. <a href="http://www.west-chester.com/pdfs/2012-volunteer-ad.pdf">Click  here to find out more information</a>.</p>
<h3><strong>E. Marlborough raises taxes for fire department</strong></h3>
<p>Residents   will see a $50 to $60 increase in their tax bills next year as part of  East Marlborough   Township’s efforts to  support the financially  ailing Po-Mar-Lin Fire Company. The township’s  supervisors have been  concerned for years that the all-volunteer fire company  serving East  and West Marlborough, Newlin and Pocopson townships was losing  money  and might one day be forced to close.   A 0.3-mill tax increase to the  2012 budget will provide an estimated  $206,000 a year for fire  protection.</p>
<p><em>Source: Daily Local; 12/7/2011</em>
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		<title>Chester County Real Estate News: November 11th, 2011</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-november-11th-2011/</link>
		<comments>http://chestercountyrealestateguide.com/chester-county-pa/chester-county-real-estate-news-november-11th-2011/#comments</comments>
		<pubDate>Fri, 11 Nov 2011 17:28:04 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Phoenixville]]></category>
		<category><![CDATA[West Chester]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2111</guid>
		<description><![CDATA[Westtown Township bond rating downgraded Westtown Township is facing a credit-rating downgrade by Moody’s Investor Service, which warns that more and more municipalities are spending beyond their means as the recession continues. Westtown Township had its bond rating cut from Aa3 to Aa2 on the eve of a planned $9 million general obligation bond sale. ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Westtown Township bond rating downgraded</strong></h3>
<p>Westtown  Township is facing a credit-rating downgrade  by Moody’s Investor  Service, which warns that more and more municipalities are  spending  beyond their means as the recession continues. Westtown Township  had  its bond rating cut from Aa3 to Aa2 on the eve of a planned $9 million   general obligation bond sale. Moody’s is concerned that Westtown will be  paying  more for its regional taskforce, has already borrowed too much,  and is running  a deficit on current property-tax revenue.</p>
<p><em>Source: Philadelphia Inquirer; 11/4/2011</em></p>
<p><em> </em></p>
<h3><strong>Bank, apartments coming to Uptown  Worthington</strong></h3>
<p>Uptown  Worthington, a mixed-use  development located near the intersection of  route 29 and route 202, is digging  in, this time for a PNC Bank branch  site. The developer is moving earth now and  will turn over the site on  Matthews Road to the bank in early 2012, said Steve  Forster, director  of public finance and government resources at O&#8217;Neill  Properties of  King of Prussia. The PNC branch will be part of Phase I of the  100-acre  development, a retail phase that includes a Wegmans and a Target.   Those retailers opened in summer 2010. Another change for Uptown  Worthington is  a switch from the planned luxury condominium units to  753 apartments units to  meet market demand. The housing units are part  of Phase II at Uptown  Worthington. With the development&#8217;s master plan  amended, the next step will be  to present revised land development  plans to the township, said Terry Woodman, East Whiteland township  manager. Much of the  multimillion-dollar Uptown Worthington mixed-use  project came to a halt when  the project&#8217;s developer filed suit against  its lender, Citizens Bank of  Pennsylvania, seeking $8 billion in  damages and claiming the bank reneged on  some of its loans.</p>
<p><em>Source: Daily Local; 11/4/2011</em></p>
<p><em> </em></p>
<h3><strong>Phoenixville weighs tax hike to close  $241,235 deficit </strong></h3>
<p>Facing   increases in insurance premiums for health care and workers&#8217;  compensation, the  need to replace outdated vehicles and unresolved  contract negotiations,  Phoenixville Borough recently released a  proposed $6.9 million budget for next  year that hikes taxes 8.4 percent  to close a budget deficit of $241,235. The  proposed increase would  take the borough&#8217;s tax rate from 4.41 to 4.78 mills,  meaning a  homeowner with a property assessed for tax purposes at $100,000 could   expect to pay an additional $37 in 2012. A council meeting has been  scheduled  for 6:30 p.m. on Nov. 29 to discuss the budget and other  Phoenixville business.</p>
<p><em>Source: Daily Local; 11/7/11</em></p>
<p><em> </em></p>
<h3><strong>Franklin voters defeat tax for  open space again</strong></h3>
<p>Franklin  Township voters again defeated a tax for open  space in Tuesday&#8217;s  election. Unofficial results show the referendum for a  half-percent  income tax for open space was defeated, 841-591. A similar measure  was  defeated in the May primary election. The supervisors raised the issue  for  the fall ballot despite that defeat.</p>
<p><em>Source: Daily Local; 11/9/11</em></p>
<p><em> </em></p>
<h3><strong>Chester County Budget Meeting</strong></h3>
<p>The Board of   Commissioners of Chester County will hold a 2012 Budget public hearing  on  Thursday, November 17, 2011 from 7 p.m. to 8 p.m. in the  Commissioners&#8217; Board  Room, sixth floor, 313 W. Market    Street, West  Chester, PA.</p>
<p><em>Source: Daily Local;  11/6/2011</em>
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		<title>Chester Count Real Estate News: November 4th, 2011</title>
		<link>http://chestercountyrealestateguide.com/chester-county-pa/chester-count-real-estate-news-november-4th-2011/</link>
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		<pubDate>Sat, 05 Nov 2011 00:30:40 +0000</pubDate>
		<dc:creator>Chris LaGarde</dc:creator>
				<category><![CDATA[Chester County]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://chestercountyrealestateguide.com/?p=2106</guid>
		<description><![CDATA[Chester County to gain state House seat Chester County’s growing population has led to the creation of a new state House district under the proposed legislative redistricting plan. The new district in Chester County will be carved out along the Route 30 corridor and center around Downingtown and Coatesville. The county will continue to have ...]]></description>
			<content:encoded><![CDATA[<h3><strong>Chester County to gain state House seat</strong></h3>
<p>Chester  County’s growing population has led to the creation of a new state  House district under the proposed legislative redistricting plan. The  new district in Chester County will be carved out along the Route 30  corridor and center around Downingtown and Coatesville. The county will  continue to have nine state House districts, because the addition of the  new district and subsequent rearranging of others will crowd out Rep.  Thomas Killion (R-168), who represents one township in Chester County  and has the majority of his district in Delaware County. Chester County  will be divided among four — not six — state Senate districts after two  of them were adjusted to keep them outside the county.</p>
<p><em>Source: Daily Local; 11/1/11</em></p>
<p><em> </em></p>
<h3><strong>In Franklin, open space EIT back on the ballot</strong></h3>
<p>When  Franklin Township voters cast their ballots in May, they voted to  defeat a referendum that would permit the supervisors to impose a half  percent income tax dedicated to preserving open space. Unwilling to drop  the idea, township supervisors have voted to include the question on  the ballot for the general election on Nov. 8. Supervisors&#8217; Chairman Nan  Latimer explained that the current board had voted to place the  referendum on the ballot again because they believe people did not  understand it entirely. She said people need to know that the current  real estate tax of half a mill will disappear if the earned income tax  is enacted. A mill is a tax of $1 for every $1,000 worth of assessed  property value. Additionally, she said now is a good time to buy  easements and land at a relatively low price. Opponents of the earned  income tax have argued that the earned income tax would land the  township further in debt, because of plans to &#8220;leverage&#8221; loans to buy  more open space.</p>
<p><em>Source: Daily Local; 10/31/2011</em></p>
<p><em> </em></p>
<p><strong>A village of the future in London Grove</strong></p>
<p>A  fascination with green technology is helping generate interest in a new  form of housing in London Grove. The Three Groves Ecovillage promises  to be an opportunity for people interested in being part of a  net-zero-energy neighborhood. More and more area homes are being  constructed or retrofitted with solar panels to decrease energy bills,  but Three Groves goes much further, aiming to be the first  net-zero-energy neighborhood in the country. Using geothermal and solar  technology in a community system, coupled with high-efficiency  appliances, the clusters of attached homes are designed to produce all  the energy they need on site. Planned are 36 homes in three “groves” of  about 12 homes each. The price would be in the $200,000 range for a  one-bedroom and the low $400,000s for a four-bedroom. For more  information on line, visit <a href="http://www.threegrovesecovillage.org/">www.ThreeGrovesEcovillage.org</a>.</p>
<p><em>Source: Daily Local; 11/1/2011</em></p>
<p><em> </em></p>
<h3><strong>New section of Schuylkill River Trail opens </strong></h3>
<p>Helping  complete one of the many priority gaps on the Schuylkill River Trail in  Chester County, officials unveiled a 5.6 mile section in Spring City  that will eventually connect the multi-use trail with the rest of the  region. The opening of the Spring City portion of the trail was hailed  as a significant accomplishment because it will spur economic growth for  the borough.</p>
<p><em>Source:  Times Herald; 10/27/2011</em></p>
<p><strong> </strong></p>
<h3><strong>Spring-Ford school district to repay $6.5 million to GlaxoSmithKline</strong></h3>
<p>The  Spring-Ford Area school board voted to approve a $6.5 million  settlement with GlaxoSmithKline PLC to end a multi-year property tax  assessment appeal. Under the terms of the settlement, the new property  value for Glaxo’s Upper Providence campus will be $47.5 million, a  reduction from the original assessment of $114.1 million but higher than  the $24 million assessment the company believed was in order. The  district must pay the company $3 million and then credit the remaining  $3.5 million over the course of three years. The new assessed value of  the GlaxoSmithKline property will remain in effect for five years and is  estimated to cost the Spring-Ford Area School District $1.612 million  in annual revenue.</p>
<p><em>Source: Times Herald; 10/25/2011</em>
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