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Home Market statistics for Quakertown School Di...

Market statistics for Quakertown School Districts for 4th Quarter 2008

Here are the market statistics for the fourth quarter of 2008 compared to the fourth quarter of 2007 for the Quakertown School District. The district is comprised of the following municipalities: Milford Township, Richland Township, Richlandtown Borough, Quakertown Borough, Trumbauersville Borough, & Haycock Township. These statistics are based on residential sales between $100,000 and $1,000,000 and do not include multi-family or commercial real estate. As you can see the average sold price was $229,414, there were 65 units sold, and it took on average 83 days to sell a home. Historically this is the slowest time of the year for real estate.

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Dec 2008

28

8,212,690

293,310

16

28

6,332,250

226,151

98

Nov 2008

35

10,495,153

299,861

23

14

2,967,700

211,978

88

Oct 2008

54

15,746,399

291,599

19

23

5,612,000

244,000

62

Totals:

117

34,454,242

294,480

58

65

14,911,950

229,414

83

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $144,900

Original List Price: $515,000

Original List Price: $250,370

Sold Price : $122,000

Sold Price: $459,550

Sold Price: $229,414

Here are he statistics for the year 2008. The average sale price was $251,947 and it took approximately 80 days to sell a home

Totals:

750

217,379,482

289,839

358

374

94,228,463

251,947

80

Now compare the same statiestics for the fourth quarter of 2007. The average sale price then was $259,414, there were 88 units were sold and it took on average 73 days to sell a home.

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Dec 2007

29

6,926,027

238,828

24

22

5,872,050

266,911

105

Nov 2007

57

15,593,900

273,577

35

37

9,687,219

261,816

65

Oct 2007

65

19,921,340

306,482

30

29

7,314,901

252,237

58

Totals:

151

42,441,267

281,067

89

88

22,874,170

259,933

73

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $130,000

Original List Price: $649,000

Original List Price: $274,744

Sold Price : $128,000

Sold Price: $599,900

Sold Price: $259,933

Below are the statistics for the entire year of 2007 include 469 homes sold and the average sale price of $273,325.

Totals:

901

270,962,279

300,735

474

469

128,189,764

273,325

66

If you want to sell your home, you need to be realistic with your expectations. If you bought your home more recently (within 3-5 yrs), you may not make any money on the sale of your home, but you will also save money on the buying of your new home. If you have owned your home longer, you are still in a position to sell your home for much more than you purchased it for.

If you are a buyer,it is a great time to buy. There is ample inventory on the market to insure that you have a good selection of homes to choose from. The interest rates a historically low so you can buy more home for your monthly payment. And finally, historically, real estate is a good investment. Although we a in a lower market now, it will eventually go back up.

If you are considering buying a home in Quakertown or the other surrounding areas of the Bucks County Real Estate market, please contact myself or Marcie Purcell for all your real estate needs.

Posted Saturday Jan 03