June 2009 Real Estate Market Update for Coatesville, PA 19320
Interpretation for the Coatesville, PA 19320 real estate market update: Coatesville has been the hardest hit area of Chester County, but luckily, the trends are showing some positive numbers. Start with the fact that the average Days On Market down by 16% compared to a year ago. Last month saw a decrease of 17% in the average time it took to sell a home in Coatesville. In addition the number of pendings is up 25% from 2008 and the average settled price saw an increase of 3%. Coatesville isn’t out of the woods yet, but there is some light showing.
Here are some Highlights:
- All numbers are up, when comparing to last month, with the number of solds being the most significant at 34%
- DOM are down, for the second month in a row, by 16% from last year
- Average sale price actually WENT UP by 3% from $206,793 to $212,538
- Number of pending homes were up by 25%
Here are the details:
| June 2009 | May 2009 | % Ch | June 2008 | % Ch | |
|---|---|---|---|---|---|
| Avg DOM | 69 | 68 | +1.5% | 82 | -16% |
| Orig. List $ | $244,419 | $230,505 | +6% | $233,610 | +4.6% |
| Sold List $ | $223,113 | $216,696 | +3.2% | $219,986 | +1.8% |
| Avg Settled $ | $212,538 | $207,479 | +2.4% | $206,793 | +3% |
| List To Sale Ratio | 95% | 95.75% | +.75% | 94% | +1% |
| # Pending | 55 | 49 | +11% | 44 | +25% |
| # Sold | 58 | 43 | +34.8% | 59 | -1% |
