Chester County Real Estate Statistics - June 2013

More verification of the great news in the world of  real estate!

Specifically for Chester county PA - check out the numbers for June 2013.

Chester County 

Average Price:  $352K, an increase of almost 7% over MAY-2012

Dollar Volume:  more than $218 million in closed properties, the best May since 2007 – an increase of 35% compared to MAY-2012

Unit Sales:  more than 600 closed properties, the best May since 2006 – an increase of almost 27% compared to MAY-2012

Pending Sales:  almost 650 units, more than 40% above MAY-2012

Days on Market:  70 DOM per closed property, almost a 28% drop from 97 DOM in MAY-2012

Inventory (Annualized Absorption Rate):  dropped to 5.5 months from MAY-2013, and it remains almost three months below MAY-2012; 

Statistics courtesy of Charles V.Cosgrove, Jr.

Owner/Director, Mr. Chips School of Real Estate (RE-001036)

www.MrChipsSchool.com

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
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Chester county homes sold - May 2013

Chester County home sales May 2013  - Single family homes.

If you had any doubts about where the market is headed - look no further than the table below! Significantly reduced inventory - slightly higher prices, significantly higher sales!

Single-Family	May '12	May '13
Inventory	3,594	3,044
Settled Units	467	561
Median Price	$295,000	$308,000
Stl Price/Orig Price	92.8%	94.8

Williamsburg, Uwchlan Woods, Madison Estates....real estate activity - Spring 2013

With all the DASD redestricting buzz regarding moving this community to Downingtown West schools  - if you were wondering whether the real estate activity has been affected - well I think not.  Williamsburg continues to be a very desirable community to call home.

The neighborhood looks great in Spring with mature trees... and pride of ownership is everywhere with good landscaping and well maintained lawns.

Below is a snap shot of recent real estate activity -

status	address	list_price	sold_price
STL	929 N York Dr,	$349,900	$336,500
STL	901 George Pitt Dr,	$425,000	$420,000
STL	892 Williamsburg Blvd,	$474,900	$447,000
STL	806 Williamsburg Blvd,	$499,900	$479,000
PND	890 Williamsburg Blvd,	$435,000
PND	824 Tremont Dr,	$459,900
PND	858 Williamsburg Blvd,	$464,900
PND	816 Williamsburg Blvd,	$465,000
PND	816 Dover Court Pl,	$474,999
PND	963 Burdette Dr,	$499,900

If you take away one outlier property - the average days on market for the properties listed above is 18 days!   Find more information about this lovely Chester county neighborhood of Williamsburg here.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
bela@belavora.com
Website  |  Facebook  |  Blog

Incredible Chester County real estate Statistics - February 2013.

Below are statistics courtesy of Mr Charles Cosgrove - The local real estate statistician, broker and trainer, also known as Mr. Chips.  Two major signs of the market bouncing back like crazy in our area, Pending sales and Days on Market statistics.

Chester County

Average Price:  slightly above $294K, a sharp drop of 14% from FEB-2012 ($344K) – this should even out next month, as February tends to be a month of “extremes” for average price in Chester County

Dollar Volume:  dropped 1% to $80 million compared to FEB-2012

Unit Sales:  more than 270 units, 15% above FEB-2012

Pending Sales:  rose sharply to more than 450 units, 33% above FEB-2012

New Listings:  almost 800 units, slightly lower than FEB-2012

Days on Market:  87 DOM per closed property, spectacular drop from 117 DOM in FEB-2012

Percentage of Distressed Sales:  16% of the market in Chester County; though the percentage of distressed sales fell, the number of distressed sales climbed slightly

Inventory** (Annualized Absorption Rate):  climbed to 5.2 months from FEB-2013, but remains more than two months below MAR-2012 (Chester County has less than 5 months of inventory under $700K)

Things are not quite the same in the neighboring Delaware and Montgomery counties.  My recent experience with multiple bids further confirms these stats - especially in the $300+ price range.  A recent NY TImes article on "The sudden rise in home demand takes builders by surprise!"

More local statistics and real estate tips.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127

Website  |  Facebook  |  Blog 

Residential Market Report - Downingtown Area School District

The image below is courtesy of Suburban West Realtors Association.  Real estate activity in the Downingtown Area School District - Residential homes only.  Check out the median and average prices - a most welcome sign of the market recovery.

DASD school - residential  real estate activity

For similar reports on other schools in Chester county - please contact me.  Find more information on Downingtown real estate statistics and Chester Springs area schools.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127

Website  |  Facebook  |  Blog 

Chester County Home Sales November 2012

Single-Family	Nov. '11	Nov. '12
Inventory	3,521	2,894
Settled Units	318	442
Median Price	$313,000	$295,000
Stl Price/Orig Price	90.9%	92.0%

Significantly high settled units (almost 40%) and what a drop in inventory!  Overall, Chester county has 5.3 months of inventory, a drop of 2.5 months below November 2011.   Do we see a slight increase in house prices?  Do not need any more proof, numbers certainly show that the real estate market has bottomed out in Chester county.

What does this mean for home sellers?  No need to wait until Spring to list your homes,  do it now.  Many advantages to listing your home for sale during the holiday season.  For buyers, if you can find THE house, do not procrastinate,  take advantage of the incredibly low interest rates.

More statistics for Chester county

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127

Website  |  Facebook  |  Blog 

Chester County Home Sales - October 2012

Single-Family	Oct. '11	Oct. '12
Inventory	3,787	3,056
Settled Units	326	399
Median Price	$285,000	$298,000
Stl Price/Orig Price	90.8%	93.0%

Market History A nearly 29% increase in Pending units, and nearly a 23% increase in Settled units was the big story in Chester County in October 2012. Total Inventory was down 19%, while the Median Settled Price increased 4.6%. Real Estate market is certainly showing signs of having turned the corner. More statistics for Chestercounty

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Chester County Home Values September 2012

Single-Family	Sept. '11	Sept. '12
Inventory	3,897	3,241
Settled Units	310	421
Median Price	$290,000	$290,000
Stl Price/Orig Price	91.8%	93.0%

These are the home values for single family homes in Chester county.  Yes, the numbers are coming in to support a turning real estate market.  Homes are getting multiple bids, selling within the first week.  Inventory levels have dropped tremendously - especially "good" inventory.  The houses for sale, that are sitting on the market, are not priced right and most likely need work.

I hear several Realtor friends echoing my sentiment.  We need some good single family or twin homes in the Downingtown, Chester Springs, West Chester and Exton area for our buyers!  Sellers, now is the time to list!  In another market maybe waiting until Spring makes sense - but for what we are seeing in the marketplace - list now!  It is turning into a sellers market slowly but surely!  Price increase cannot be too far behind.

Call Bela Vora for an obligation free assessment of what your home could fetch.
More statistics for Chester county, PA

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Chester county home values - August 2012

Chester County single family home for sale information for August 2012.

Single-Family	Aug '11	Aug '12
Inventory	3,977	3,302
Settled Units	479	519
Median Price	$340,000	$317,000
Stl Price/Orig Price	91.8%	92.5%

Inventory levels continue to drop.  Buyer are looking for that perfect property and not finding it.  Settled units and continue to increase but median home price has dropped this month.  We are surely seeing the revival, slowly but surely.

More home values in the Downingtown, Chester Springs, Exton, West Chester and other areas of Chester County.   For more details on local home values, please contact Bela Vora. 

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Chester county home values - July 2012

Single-Family	July '11	July '12
Inventory	4,028	3,481
Settled Units	404	464
Median Price	$315,000	$320,000
Stl Price/Orig Price	92.2%	93.1%

Wow!  check out that significant drop in inventory levels!  Settled units and median prices continue to increase.  We are surely seeing the revival, slowly but surely.

More home values in the Downingtown, Chester Springs, Exton, West Chester and other areas of Chester County.   For more details on local home values, please contact Bela Vora.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Recent home sales in Byers Station, Chester Springs, PA

Recent home sales and real estate activity in Byers Station, Chester Springs, PA  These are the single family homes only.

status	address	list_price	sold_price
ACT	3908 Powell Rd,	$698,900
ACT	2133 Ferncroft Ln,	$950,000
ACT	3905 Powell Rd,	$549,900
ACT	4413 Lobella Ct,	$515,000
ACT-O	2147 Ferncroft Ln,	$800,000
PND	618 Sunderland Ave,	$425,000
PND	1000 Barclay Rd,	$450,000
PND	1326 Garman Dr,	$499,900
STL	1309 Garman Dr,	$445,000	$432,600
STL	720 Barnsdale Rd,	$445,000	$430,000
STL	2153 Ferncroft Ln,	$729,000	$690,000

This popular neighborhood straddles the Downingtown and Owen J Roberts School Districts.  Call your local Realtor for further analysis - 484 947 3127.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Recent home sales and real estate activity in Swedesford Chase, Exton, PA

Recent home sales and real estate activity in Swedesford Chase, Exton, PA

status	address	list_price	sold_price
ACT	509 Colfelt Ct,	$549,900
ACT	301 Bell Ct,	$999,999
ACT	429 Bowen Dr,	$610,000
PND	425 Bowen Dr,	$589,000
STL	316 Horizon Ct,	$547,700	$515,000
STL	216 Green Valley Rd,	$579,900	$570,000

Call your local Realtor for further analysis on this popular neighborhood in the West Chester School District - 484 947 3127.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Recent home sales in Liongate, Chester Springs, PA

Recent home sales and real estate activity in Liongate, Chester Springs, PA

status address list_price sold_price ACT 3203 Eaton Ct, $194,500   ACT 4205 Franklin Ct,  $225,000   PND 401 Saint Albans Ct,  $219,900   PND 3502 Eaton Ct,  $229,500   PND 5310 Lister Ct,  $215,000   PND 5401 Lister Ct,  $187,000   PND 2902 Trinity Ct,  $224,900   STL 2503 Trinity Ct, $210,000 $192,000 STL 5201 Shannon Ct,  $219,000 $210,000 STL 202 Saint Albans Ct,  $219,000 $217,000 STL 1403 Saint Johnsbury Ct,  $174,500 $178,000 STL 1203 Saint Andrews Ct,  $190,000 $185,000 STL 5402 Lister Ct,  $185,000 $185,000

Call your local Realtor for further analysis on this popular neighborhood in Downingtown Area School District - 484 947 3127.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Recent home sales in Williamsburg, Uwchlan Woods, Madison Estates - Downigntown

Recent home sales and real estate activity in the Williamsburg development in Downingtown.

status address list_price sold_price Active 941 N York Dr, $324,900   Active 826 Dover Court Pl,  $465,000   Active 901 George Pitt Dr,  $449,900   Active 109 Nicolson Dr,  $469,900   Active-O 902 Kings Arms Dr,  $339,900   Pended 103 Nicolson Dr,  $439,900   Pended 927 Burdette Dr,  $329,900   Settled 905 George Pitt Dr, $489,900 $465,000 Settled 811 Tremont Dr,  $439,900 $420,000 Settled 961 Burdette Dr,  $469,900 $460,000 Settled 868 S York Dr,  $294,900 $295,900 Settled 888 S York Dr,  $338,000 $325,000

Call your local Realtor for further analysis on this popular neighborhood in Downingtown Area School District - 484 947 3127.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

Recent home sales in The Reserve at Eagle, Chester Springs, PA

Recent home sales and real estate activity in the Reserve at Eagle

status       address                    list_price         sold_price
Settled      222 Prescott Dr,      $495,000        $480,000
Settled      117 Palsgrove Way, $499,900        $480,000
Settled      1009 Griffith Ln,      $575,000        $550,000
Settled      103 Palsgrove Way, $519,000        $501,500
Active       431 Prescott Dr,      $575,000
Active       210 Prescott Dr,      $579,900
Active       326 Prescott Dr,      $525,000
Active       203 Prescott Dr,      $525,000

Call your local Realtor for further analysis on this neighborhood in Downingtown Area School District - 484 947 3127.

For more information about Downingtown neighborhoods click here.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
Website  |  Facebook  |  Blog  

RealTrends TOP 500 REPORT FOR 2011

An impressive 106-year legacy, a solid commitment to innovation and highly successful “Gen Blue” sales professionals have placed Coldwell Banker at the top of the real estate industry.

The size, scope and power of the Coldwell Banker brand was showcased in the recent RealTrends Top 500 rankings for 2011. Every year, some companies rush to make statements at an office or brokerage level, apparently without taking into account that NRT LLC, the nation’s largest brokerage company, owns and operates Coldwell Banker-branded operations in over 30 of the nation’s largest metropolitan markets. NRT LLC information is consolidated into a single, non brand specific entry in the Real Trends report.

Here’s a look at how the top five brands truly fared on the RealTrends Top 500.

Company / Brand Name # Affiliated Companies Represented 2011 Transaction Sides Closed 2011 Dollar Volume Sold Coldwell Banker® 58 413,980 $118,913,029,631 Prudential Real Estate Affiliates® 42 191,068 $62,461,780,605 Keller Williams Real Estate® 116 258,443 $51,871,844,625 ReMax Real Estate® 116 239,173 $48,636,516,565 Sotheby’s International Realty® 8 22,329 $18,246,758,797