Archives

All Posts Tagged Tag: ‘Chester County’

Home / Tag: Chester County

$10,000 Price reduction on 112 Whistling Swan, Marsh Harbour, Downingtown, PA 19335 Comments Off

Price just reduced by $10,000 on 112 Whisting Swan in Marsh Harbour, Downingtown, PA 19335

112 Whistling Swan, Marsh Harbour, Downingtown, PA 19335

View More Photos & all the details for 112 Whistling Swan, Marsh Harbour, Downingtown PA 19335

Enjoy the good life in this beautiful end unit townhome in wonderful Marsh Harbour community. Foyer enters into a large & bright Living Rm w/slate corner fireplace. Dining Rm is open to Living Rm. Eat in Kitchen has Island w/plenty of space for cooking & entertaining. Nice sized Breakfast Room is open to Kitchen area w/sliders to a large deck. Upstairs you will find a Master Bedroom with double walk-in closets and its own tile & marble Master Bath; two additional bedrooms; updated Hall Bath with tile flooring and a very desirable upper level laundry room! The lower level is expansive and features new laminate wood floors, wainscotting, chair rail, window & outside exit. Combine this w/some newer appliances that are included in the sale & you have a home that’s ready to move in! You have the added bonus of living close to Marsh Creek State Park with a 535 acre lake and plenty of outdoor recreational activities including: boating, kayaking, swimming, horseback riding, fishing & so much more!

See more photos & all the details

Technorati Tags: , , , , ,

Posted on: 06-19-2009
Posted in: Buyers, Chester County, Downingtown

First Quarter Market Statistics by Zip Code Comments Off

Download First Quarter 2009 Chester County Real Estate Market Statistics

Again, I love stats and numbers. This sheet illustrates just HOW local real estate really is. Each zip code in this report is uniquely different than the one before it.

Here are some interesting stats from the report:

  • Biggest drop in sales price: Cochranville, 19330 – 50%
  • Biggest rise in sales price: Glenmore, 19343 – 24%
  • Most sold in quarter: Coatesville at 89 homes
  • Least Sold in quarter: Tie – Newtown square and Wagontown at 1
  • Most days on market: Honey brook at 166
  • Least Days on market: Wagontown at 26

Technorati Tags: , , , , , , ,

Posted on: 05-28-2009
Posted in: General real estate statistics, Market Update, Quarterly Market Update

Absorption Rate of Real Estate in Chester County 1

Here is a quick look at the price ranges, by increments of $50,000, and how many months of inventory exists for each one. While looking at this, please keep in mind that the rule of thumb in real estate is that when you have 6 months or less worth of inventory, you have a “Centrist” market, meaning the market is balanced. Anything less is a Sellers market, anything more is a Buyers.

When examining this chart, it becomes clear that homes that are selling for under $251,000 are actually in a slight Buyers market. Even homes under $350,000 are in more of a “Centrist” market. The reason for this is that a majority of homes under $300,000 are bought by first time home buyers. At the moment, a majority of the buyers in the market fit that category, not to mention the crazy low interest rates and the $8000 tax credit.

This is the type of information buyers need to understand that they cannot throw an offer at a seller that is more than 10% or more off the asking with out offending them and getting laughed at. Yes – there are rare circumstances where a home is listed way to high. But, when that is the case, it usually tells you that the seller is not willing to deal with reality, or their Realtor is doing them a huge disservice.

For any home over the $300,000 mark, this means if you don’t have to sell, then don’t. But if you do remember, it is a price war and a beauty contest. Meaning your home has to show extremely well, and your price needs to be aggressive, and a good Realtor will help you know exactly what that is.

What do you think?

Technorati Tags: , , ,

Posted on: 05-23-2009
Posted in: General real estate statistics, Market Update

Keller Williams Red Day 2009 in Chester County Comments Off

What is Keller Williams RED Day?

RED (Renew, Energize and Donate) Day is a new Keller Williams Realty service initiative dedicated to improving our local communities. This day has been dedicated in honor of our Vice Chairman, Mo Anderson, because of her constant commitment to the culture of Keller Williams. All Keller Williams Realty associates in the US and Canada were asked to donate their time on May 14, 2009 to renewing and energizing aspects of their local communities.

The vision for this day is that all Keller Williams associates will actively engage in a coordinated effort to improve their local community. Activities may include rehabbing a house, cleaning up a local trail, providing food for the homeless, or any other service related activity needed in your community. This was one of the single biggest events ever undertaken in the real estate industry, and could possibly inspire others in the real estate industry to start their own community service project.

Here in the Chester County area, numerous projects were undertaken. From the Keller Williams Exton office, which covers the Downingtown, Coatesville, West Chester, Phoenixville areas, to name a few, we focused on 4 projects.

One group of about 12 went to work with the ministry called “Good Works” in Coatesville. Good Works is a Christian nonprofit organization which exists to improve the living conditions for low-income families in Chester County, PA. There we helped one of the Coatesville Arson Victims help repair their homes. Another group went to help the Brandywine YMCA help get a camp ready for low income, inner city children, while another went to a nursing home to spend time with those who do not get many visitors.

Here is a quick slideshow of photos from the day.

Technorati Tags: , , ,

Posted on: 05-22-2009
Posted in: Company news, Videos

First Quarter 2009 Market Stats for Chester County Comments Off

Chester County Townships

I am always interested in stats and numbers – it is a part of my personality. Plus, numbers generally speak truth, you can depend on them. These are the numbers for the 1st quarter of 2009 in Chester County. I also threw in the Q1 2008 numbers to compare.

Overall, there has been a decrease in activity, which is expected. In the West Chester SD, the average sold price of real estate in that school district actually improved by 4%. Compare that to Great Valley School District where the average sold price decreased by 20%. That is mostly due to the higher price range that School District draws, which has seen a bigger hit than anything under $300,000.

Let me know what you think.

For a definition of terms, please see the end of this post.

Overall in Chester County

  • Average Days On Market: 97 days
    • Up 6 days from Q1 2008, 91 days
  • Original List Price: $433,427
  • Sold List Price: $355,602
  • Average Settled Price: $324,167
    • Down by 10% in Q1 2008 – $358,276
  • List-to-sale ratio: 91.1%
    • Down from 92.4% in Q1 2008
  • # of homes pending: 1026
    • Down by almost 20% from 1277 in Q1 2008
  • # of homes sold: 750
    • Down 19% from 919 in Q1 2008

Downingtown SD (School District)

  • Average Days On Market: 88 days
    • No change from Q1 2008
  • Original List Price: $437,273
  • Sold List Price: $371,509
  • Average Settled Price: $338,653
    • Down by 4% in Q1 2008 – $351,198
  • List-to-sale ratio: 91.1%
    • Down from 92% in Q1 2008
  • # of homes pending: 170
    • Down by almost 15% from 201 in Q1 2008
  • # of homes sold: 91
    • Down 37% from 143 in Q1 2008

West Chester SD

  • Average Days On Market: 105 days
    • Up 26% from 78 in Q1 2008
  • Original List Price: $419217
  • Sold List Price: $408,088
  • Average Settled Price: $373,953
    • UP by 4% from $361,943 in Q1 2008
  • List-to-sale ratio: 91.6%
    • Down from 93.7% in Q1 2008
  • # of homes pending: 229
    • Down by 9% from 251 in Q1 2008
  • # of homes sold: 153
    • Down 14% from 178 in Q1 2008

Coatesville SD

  • Average Days On Market: 90 days
    • Down 5% from 95 in Q1 2008
  • Original List Price: $236,357
  • Sold List Price: $221,136
  • Average Settled Price: $205,118
    • Down by 5% from $215,407 in Q1 2008
  • List-to-sale ratio: 92.7%
    • Down from 95% in Q1 2008
  • # of homes pending: 105
    • Down by 39% from 172 in Q1 2008
  • # of homes sold: 94
    • Down 20% from 117 in Q1 2008

Great Valley SD

  • Average Days On Market: 80 days
    • Down 22% from 102 in Q1 2008
  • Original List Price: $666,007
  • Sold List Price: $425,802
  • Average Settled Price: $387,461
    • Down by 20% from $480,827 in Q1 2008
  • List-to-sale ratio: 91%
    • Down from 92.6% in Q1 2008
  • # of homes pending: 63
    • Down by 22% from 80 in Q1 2008
  • # of homes sold: 50
    • Down 14% from 57 in Q1 2008

Definitions:

  • Average Days On Market: Number of days the average home is on the market before it sells
  • Original List Price: The average price a home is listed at when it first goes on the market
  • Sold List Price: The average asking price of a home when it actually goes under contract
  • Average Settled Price: Average price of homes that sell
  • List-to-sale ratio: The percentage of asking price the average home receives
  • # of homes pending: Number of homes that have gone under contract, but not settled yet.
  • # of homes sold: Number of homes that have settled in that period



Related Posts with Thumbnails

Technorati Tags: , ,

Posted on: 05-19-2009
Posted in: Market Update, Quarterly Market Update
Page 5 of 5«12345