Newtown Township Real Estate, 10 year price comparison chart.

February 19th, 2010 by Marty Millner
Categories: Market Statistics, Newtown Boro, Newtown Township
Comments: Please leave a comment.

Today, I wanted to review with you, the same 10 year price comparison chart, for single family, residential homes, in Newtown Township, Bucks County, that I reviewed for Lower Makefield Township, in my last post.

I find these graphs a very easy and clear representation, of the direction prices have taken, over the past 10 years. It is pretty interesting to me, that from a price perspective, the average price of a single family home in Newtown, has only dropped about 6% from the peak, which was in 2006.

I also added units to this chart, and from that perspective, there has been a much more pronounced change. In 2004, there were 360 homes that sold, while in 2009, there were only 224. Although the volume has fallen substantially in Newtown Township, prices have held up extremely well.

As I have mentioned before, real estate is very, very local. We would find differences if we examine neighborhood by neighborhood, even within the same township.

As always, I welcome your thoughts and comments.

This entry was posted on Friday, February 19th, 2010 at 1:03 pm and is filed under Market Statistics, Newtown Boro, Newtown Township. 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.