Yardley, Lower Makefield Township, Bucks County, do you know what the market is doing?

July 28th, 2009 by Marty Millner
Categories: Lower Makefield Township, Market Statistics, Yardley Boro
Comments: Please leave a comment.

I recently subscribed to a wonderful statistical reporting service, that allows me to follow, from a statistical perspective, the area real estate market. I can create reports for all of the market areas I serve.

For today, lets look at the Yardley, Lower Makefield areas, which are included in 19067.

Upper quartile median price, days on market, Lower Makefield/Yardley

I have been advising people, for some time, that the higher the price, the more challening the market it. This chart clearly shows that to be the case. There is a correlation between median price, and days on the market. The higher end market, is definitely the most challenging to market, right now. Lets look at a similar chart, for condos and townhomes, in the same area.

: Condo’s and townhomes, days on market, Lower Makefield/Yardley

As you can see from the chart above, the number of days on the market is much less, for this market segment. The reasons are pretty clear. The most active buyers right now, are still, first time home buyers. They often buy condos, townhomes, and less expensive, single family homes. Thus, the number of days on the market is much lower for those types of properties.

Finally, lets look at the statistics for the highest priced quartile, based on median price, and see what the days on the market look like for more expensive homes.

: Highest quartile median price, days on market for Lower Makefield/Yardley

From the chart above, you can see that the average days on the market, for the upper quartile, is, on average over 150 days!

Given that statistic, is has never been clearer that if you plan on moving, you need to have your house priced correctly, or it will be on the market for a very long time.

If you would like to receive email updates, similar to this, for any area that I serve, please let me know. I can create an array of statistical analysis of the market. In addition, if you are planning on moving to another part of the country, and would like to get a report showing what is happening in that particular market, I can offer that, as well. Just let me know where you are interested in, and I will get you a report.

This entry was posted on Tuesday, July 28th, 2009 at 12:38 pm and is filed under Lower Makefield Township, Market Statistics, Yardley Boro. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.