.

TE Home Sales Picking Up Compared to 2012

The median price of homes sold in Easttown rose from $390,000 in January 2012 to $730,000 last month, and the number of home sales increased.

Home Sales in Tredyffrin and Easttown increased in January compared with the same month in 2012, according to a Prudential Fox and Roach HomeExpert Report.

Tredyffrin Township

Thirty-one properties were sold in Tredyffrin last month, which is an increase of about 41 percent over January 2012, when 22 were sold. In January 2011, that number was 15.

The median price of properties sold last month dropped from $331,205 to $280,000 in Tredyffrin. The average length of time that a home was the market increased from 59 days last January to 69 days this year, but that's still a marked drop from 131 days in 2011.

Easttown Township

Eight properties were sold in Easttown last month, up from six in January 2012 and seven in January 2011. 

The median price of properties that sold last month was $730,000, a significant increase from $390,000 in January 2012 and $520,000 the year before that. The average number of days that a home was the market decreased from 76 last January to 40 days this year.

RosiesDad February 21, 2013 at 12:34 PM
The small number of homes makes the median price somewhat irrelevant because it is likely a comparison of apples to oranges. Maybe of greater significance is that more luxury homes are moving on the market, but this will only be borne out if the pattern continues over a period of months.
Dana Zdancewicz February 21, 2013 at 12:48 PM
No doubt, It is a good time in real estate locally. The amount of showing appointments are up and the number of pre-qualified buyers ready to purchase are up! This all makes for somewhat of a frenzy when the "right" property pops on the market. In the last 45 days...we have seen multiple, multiple bid situations making it a win-win for sellers and buyers. Sellers are getting strong prices for they're home and buyers are getting record low interest rates!

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something