FHA and Fannie Mae- Freddie Mac conforming loan limits have been released by the U.S. Department of Housing and Urban Development (HUD).
HUD has provided a FHA Mortgage Limits page. This page allows you to look up the FHA mortgage limits for your area or several areas, and then list them by state, county, or Metropolitan Statistical Area:
FHA Mortgage Limits Lookup
For Example, here is the information displayed for Delaware County:
| MSA Name | MSA Code | Division | County Name | County Code | State | One-Family | Two-Family | Three-Family | Four-Family | Last Revised |
| PHILADELPHIA, PA METROPOLITAN DIVISION | 37980 | 37964 | DELAWARE | 045 | PA | $420,000 | $537,650 | $649,900 | $807,700 | 03/05/2008 |
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
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FHA and Fannie Mae- Freddie Mac conforming loan limits have been released by the U.S. Department of Housing and Urban Development (HUD).
HUD has provided a FHA Mortgage Limits page. This page allows you to look up the FHA mortgage limits for your area or several areas, and then list them by state, county, or Metropolitan Statistical Area:
FHA Mortgage Limits Lookup
For Example, here is the information displayed for Chester County:
| MSA Name | MSA Code | Division | County Name | County Code | State | One-Family | Two-Family | Three-Family | Four-Family | Last Revised |
| PHILADELPHIA, PA METROPOLITAN DIVISION | 37980 | 37964 | CHESTER | 029 | PA | $420,000 | $537,650 | $649,900 | $807,700 | 03/05/2008 |
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
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WebSite | Property Search | Sell | Buy | Lease | Full Search | Relocate | Resources | Local Info | Contact Us | Property Management | Commercial |
When looking at the year-to-month (using the most recently completed month of January) actual statistics by year for Philadelphia County (City of Philadelphia), the results by year, for residential homes on the market, sold, average price and days for sale before close is charted as follows:
| Yr Ending January | Units Listed | Units Sold | % Sold | Sold Avg. | Avg. Dom |
| 2008 | 34270 | 15498 | 45 | $186,359 | 71 |
| 2007 | 39996 | 18770 | 47 | $179,771 | 59 |
| 2006 | 33543 | 18154 | 54 | $168,056 | 42 |
| 2005 | 24969 | 17312 | 69 | $142,357 | 43 |
| 2004 | 21020 | 14230 | 68 | $212,455 | 46 |
This shows some interesting trends in the still high number of units going on sale (listed), despite the decreased demand, which eventually begins to push down the price and extend the average days on market, although at this point in time the average sold price is still increasing.
The current Philadelphia County inventory is 9372, with an average monthly Sold of 1195, yielding a backlog of 5 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 (using the most recently completed month of January) actual statistics by year for Delaware County, the results by year, for residential homes on the market, sold, average price and days for sale before close is charted as follows:
| Yr Ending January | Units Listed | Units Sold | % Sold | Sold Avg. | Avg. Dom |
| 2008 | 11735 | 6666 | 57 | $268,304 | 66 |
| 2007 | 11873 | 7226 | 61 | $252,507 | 49 |
| 2006 | 11111 | 7667 | 69 | $249,646 | 39 |
| 2005 | 10117 | 7632 | 75 | $226,994 | 39 |
| 2004 | 9142 | 6998 | 77 | $202,402 | 41 |
This shows some interesting trends in the number of units going on sale (listed), despite the decreased demand, which eventually begins to push down the price and extend the average days on market, although at this point in time the average sold price is surprisingly still increasing.
The current Delaware County inventory is 2922, with an average monthly Sold of 514, yielding a backlog of 5 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 (using the most recently completed month of January) actual home sales statistics by year for Chester County, the results by year, for residential homes on the market, sold, average price and days for sale before close is charted as follows:
| Yr Ending January | Units Listed | Units Sold | % Sold | Sold Avg. | Avg. Dom |
| 2008 | 11581 | 5776 | 50 | $379,938 | 69 |
| 2007 | 12548 | 6614 | 53 | $376,062 | 56 |
| 2006 | 11633 | 7161 | 62 | $359,788 | 46 |
| 2005 | 10892 | 7504 | 69 | $326,548 | 46 |
| 2004 | 9452 | 7031 | 74 | $294,147 | 49 |
This shows some interesting trends in the number of units going on sale (listed), despite the decreased demand, which eventually begins to push down the price and extend the average days on market, the average sold price is still increasing, although the rate of increase in slowing.
The current Chester County inventory is 3470, with an average monthly Sold of 444, yielding a backlog of 7 months to sell off the inventory at current rates of sale.Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
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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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