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Comparing the real estate market of October 2008 to October 2006 through the key indicators of the
in real estate values for Malvern shows that the Under Contract Price has increased 8%. This appears to be a good and positive direction indicating more realistic “For Sale Pricing” and hopefully some increased demand.
The real story in Malvern and most of our local markets, at this time, is in the volume of transactions. The overall volume of homes under contract is down 48%
To read more about Malvern Zip Code 19355 Real Estate Market conditions see Main Line PA Today:
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"According to statistics released by TREND Multiple Listing Service, here are the market statistics for Willistown Township from January, 2008 until October 2008."
Market Statistics Courtesy Of : Bill Gero 610-363-4088 RE/MAX Professional Realty 610-363-8444 Monthly Statistics for the Date Range Selected Date Units Listed Listed Volume Listed Average Pended Units Sold Sold Volume Sold Average Average DOM Oct 2008 14 14,205,400 1,014,671 3 6 3,284,000 547,333 91 Sep 2008 29 20,514,500 707,396 11 12 4,704,950 392,079 75 Aug 2008 18 13,051,800 725,100 11 10 12,927,900 1,292,790 73 July 2008 13 17,271,543 1,328,580 13 11 5,024,000 456,727 71 June 2008 18 17,123,600 951,311 5 25 15,565,700 622,628 78 May 2008 28 16,890,600 603,235 20 12 5,839,000 486,583 83 Apr 2008 35 32,999,050 942,830 17 5 4,779,000 955,800 82 Mar 2008 33 45,913,600 1,391,321 10 11 6,157,400 559,763 88 Feb 2008 23 22,471,799 977,034 8 8 3,915,832 489,479 104 Jan 2008 21 13,587,300 647,014 13 7 3,864,000 552,000 97 Totals: 232 214,029,192 922,539 111 107 66,061,782 617,399 82 Inventory Accumulation for the Last 12 Full Months Current Inventory * Inventory Volume Current Average Average Monthly Sales** Inventory Accumulation *** 97 123,944,093 1,277,774 10 9 *Current Inventory is based on the actual available properties on the date this report was created. **Average Monthly Sales is the average sales for the last 12 full months ***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales Pricing Details of Sold Units for the Date Range Selected Minimum Prices Maximum Prices Average Prices Original List Price : $214,900 Original List Price: $7,500,000 Original List Price: $692,137 Sold Price : $211,000 Sold Price: $6,000,000 Sold Price: $617,399 Inventory Accumulation figures are only calculated when Report End Month is the current month Market Statistics Criteria Used Date Range: 1/2008 to 10/2008 Price Range: $0 to $999,999,000 Property Category: Residential Area: Willistown Twp © Copyright 2008 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 10/22/2008 5:41:08 PM
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and finishes in a blaze of glory just about Halloween time. Fall In The Main Line and Chester County area offers some great choices to enjoy the beauty of the changing of the Seasons including, festivals, historic tours and family fun events picking your own pumpkins, Fall hayrides, parades and Corn Mazes:
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The Malvern Pennsylvania Real Estate Market Report for the period of July 2007 to July 2008 is a story of a growing number of days on the market (DOM) from 43 Days on Market to 100 DOM in July of 2008, a 132% increase in the Days On Market.
Visit the following link at Main Line Pa Today for more Days On Market and Median Sold Price details for Malvern:
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