When looking at the year-to-month actual statistics (using the most recently completed month of May vs. March and January) for Delaware County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:
|
Yr Ending |
Units Listed |
Units Sold |
% Sold |
Sold Avg. |
Avg. |
| 05/2008 | 11242 | 6184 | 55 | $264,187 | 61 |
| 03/2008 | 11672 | 6450 | 55 | $268,050 | 59 |
|
01/2008 |
11735 |
6666 |
57 |
$268,304 |
66 |
See previous article for prior year 01/200X year-to-date comparison.
This shows that while the trend is still downward, it is slowing and hopefully will soon start to level and even reverse direction.
The current inventory is 3345, with an average monthly Sold of 515, yielding a backlog of 6 months to sell off the inventory at current rates of sale.
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
|
WebSite | Property Search | Sell | Buy | Lease | Full Search | Relocate | Resources | Local Info | Contact Us | Property Management | Commercial |
When looking at the year-to-month actual statistics (using the most recently completed month of May vs. March and January) for Chester County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:
|
Yr Ending |
Units Listed |
Units Sold |
% Sold |
Sold Avg. |
Avg. |
| 05/2008 | 11222 | 5390 | 48 | $378,395 | 71 |
| 03/2008 | 11540 | 5556 | 48 | $380,116 | 70 |
|
01/2008 |
11581 |
5776 |
50 |
$379,938 |
69 |
See previous article for prior year 01/200X year-to-date comparison.
This shows that while the trend is still downward, it is slowing and hopefully will soon start to level and even reverse direction.
The current inventory is 4073, with an average monthly Sold of 414, yielding a backlog of 9 months to sell off the inventory at current rates of sale.
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
|
WebSite | Property Search | Sell | Buy | Lease | Full Search | Relocate | Resources | Local Info | Contact Us | Property Management | Commercial |
When looking at the year-to-month actual statistics (using the most recently completed month of May vs. March and January) for Philadelphia County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:
|
Yr Ending |
Units Listed |
Units Sold |
% Sold |
Sold Avg. |
Avg. |
| 05/2008 | 32744 | 14426 | 44 | $187,670 | 67 |
| 03/2008 | 33668 | 14902 | 44 | $187,302 | 65 |
|
01/2008 |
34270 |
15498 |
45 |
$186,359 |
71 |
See previous article for prior year 01/200X year-to-date comparison.
This shows that the overall trend is still slightly mixed and and appears to be bottoming -- in some categories showing some improvement so that eventually it will be tending back upward.
The current Philadelphia County inventory is 9493, with an average monthly Sold of 1094, yielding a backlog of 8 months to sell off the inventory at current rates of sale.
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
|
WebSite | Property Search | Sell | Buy | Lease | Full Search | Relocate | Resources | Local Info | Contact Us | Property Management | Commercial |
When looking at the year-to-month actual statistics (using the most recently completed month of March vs. January) for Chester County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:
Yr Ending | Units Listed | Units Sold | % Sold | Sold Avg. | Avg. |
| 03/2008 | 11540 | 5556 | 48 | $380,116 | 70 |
01/2008 | 11581 | 5776 | 50 | $379,938 | 69 |
See previous article for prior year 01/200X year-to-date comparison.
This shows that while the trend is still downward, it is slowing and hopefully will soon start to level and even reverse direction.
The current inventory is 3925, with an average monthly Sold of 428, yielding a backlog of 9 months to sell off the inventory at current rates of sale.
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
|
WebSite | Property Search | Sell | Buy | Lease | Full Search | Relocate | Resources | Local Info | Contact Us | Property Management | Commercial |
When looking at the year-to-month actual statistics (using the most recently completed month of March vs. January) for Delaware County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:
Yr Ending | Units Listed | Units Sold | % Sold | Sold Avg. | Avg. |
| 03/2008 | 11672 | 6450 | 55 | $268,050 | 59 |
01/2008 | 11735 | 6666 | 57 | $268,304 | 66 |
See previous article for prior year 01/200X year-to-date comparison.
This shows that while the trend is still downward, it is slowing and hopefully will soon start to level and even reverse direction.
The current inventory is 3316, with an average monthly Sold of 497, yielding a backlog of 6 months to sell off the inventory at current rates of sale.
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
|
WebSite | Property Search | Sell | Buy | Lease | Full Search | Relocate | Resources | Local Info | Contact Us | Property Management | Commercial |
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I am a full-time Associate Broker Realtor, licensed in PA and NJ, serving the Southeastern Pennsylvania and greater Delaware Valley region, including Chester County, Delaware County and Philadelphia.
Lawrence (Larry) Yerkes was born and raised in Southeastern Pennsylvania and knows the Delaware Valley area well. He is an Associate Broker who is licensed in both Pennsylvania and New Jersey.
Larry and his professional support team provide real estate brokerage services for commercial and investment properties, including retail, office, industrial, warehouse, residential, land and farm; as well as business brokerage and property management.
He is associated with Harper Real Estate in PA because they are an established firm with a long history of consistant, quality service and commitment to the local and regional community; and which enables him to offer a full range and depth of services and resources to meet the demands of any real estate requirement.
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I invite you to contact me with any of your real estate needs and questions, as we are here to serve you!
Larry has earned various nationally recognized Realtor designations/certifications as a result of training and experience, including e-PRO, GRI, ABR, SRES, TRC, RECS and more. Personal * Service * Support * Professionalism * Integrity Providing friendly dedicated assistance - customized to your needs. Rely on Larry and his team for all your real estate needs.
Prior to his becoming a Realtor, Larry had experience in buying/selling personal homes and land, acquiring commercial office space and assisting in relocation of corporate offices to new headquarters. He has executive management and hands-on experience in the areas of Information Technology, Operations, Project Management, Customer Service, Security, Finance and Facilities Management. He also had success in direct marketing and has been a principle in several businesses. This variety of experience, including military service, has enhanced his ability to adapt to any given situation and better understand your needs -- enabling successful real estate transactions yielding maximum results for you.
Using state-of-the-art methods to find the right property for you
and/or sell your property at the best possible price.
Pennsylvania / New Jersey / Delaware Valley Real Estate
Commercial, Land, Investments, Residential, Property Management
Global Relocation and Referral Services
Harper Real Estate, located minutes from the Philadelphia International Airport (PHL) in the suburban Delaware County community of Ridley Park, is a third generation firm that has been serving Southeastern Pennsylvania for over 60 years.
The agency provides commercial as well as residential brokerage and property management services.
The Commercial Division has a strong background in the commercial and residential land development process and, for example, has acted as a consultant and leasing agent for the recently built Ridley Shopping Center that is co-anchored by Acme Markets and Home Depot. The firm's service experience includes commercial and industrial sales, 1031 exchanges, business and leasing brokerage.
The Residential Division specializes in Buyer Agency, providing excellent personalized services to help their clients find that "dream home" as well as investment opportunities.
The firm's Property Management and Rental Division is responsible for residential and apartment units, as well as offering services for the management of commercial and industrial properties, such as the Ridley Shopping Center complex.
We are your Southeast PA / Delaware Valley real estate support center. Serving Chester County, Delaware County, and the greater Metro Philadelphia areas; including the communities of Ridley Park, West Chester, West Goshen, Exton, Westtown, Thornbury, Kennett Square, Toughkenamon, Avondale, West Grove, London Grove, Cochranville, Unionville, Chatham, Longwood, Brandywine area, East and West Marlborough, Chadds Ford, Borough of Ridley Park, Newtown Square, Concordville, Upland, Swarthmore, Havorford, Radnor, Springfield, Aston, Aldan, Media, Glenolden, Wayne, Broomall, Boothwyn, Drexel Hill, Wawa, Villanova and the surrounding areas.
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