Bucks County Real Estate, county update
So we are down to the last couple of days, before the tax credit expires.
Before we get into what effect that will have on the market, I thought this chart was an intersting table, that breaks down home sales, median price, and days on the market, throughout the county, by municipality.
If you look at the chart, you can see that there are differences in how each municipality has fared in the real estate market.
I have been fortunate to have had an incredibly busy April. In future posts, I will talk about that.
In the meantime, let me know what you think about this chart. It comes compliments of Prudential Fox and Roach Realtors, home export market report.
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Upper Makefield Township real estate, luxury & elegance, defined
[youtube]http://www.youtube.com/watch?v=sNoRNDNC_c0&feature=player_embedded[/youtube]
Great listing in Upper Makefield Township, that was sold through networking connections, virtually before it hit the market. This house is truly spectacular, featuring 4/5 bedrooms and 4 1/2 baths, on a beautiful, 2 plus acre lot, in Upper Makefield Township, Bucks County.
I thought the photographer, Jared Polin, did a fabulous job with this quick video. I will upload all the photo’s to my Flickr account, later today.
The house features 5900 Sq. Ft, of sophistication and elegance. The home retains the feel and charm, of a country estate, and shows like a model.
Still photos to follow, but check out this great video of the house.
Please contact me if you are looking for something similar to this wonderful home.
Continue Reading > Add a Comment |Lambertville, NJ-Shadfest is here! April 24th and 25th
Lambertville, NJ-Shadfest is here! April 24th & 25th Don’t miss this year’s Shadfest celebration! 12:30- 5:30 p.m.
The festivities revolve around the spring arrival of the American Shad , the largest fish in the herring family. The Shad Fest tradition was born as spring blossomed, the shad made their way upriver, and the locals strolled through town enjoying the arts and crafts of their friends and neighbors.
Always in the mood for a celebration, Lambertville residents hosted the first Shad Fest in 1981 to highlight the local art scene. Almost 30 years later, Shad Fest has grown from a local event to an award-winning tourist attraction. People new to Shad Fest ask a lot of questions. Here are the answers to a few.
Not only are able to enjoy many of Lambertville local artists and crafters you will of course enjoy local eateries and their Shad specialties. One of the best local shad recipes is from Paul Eschallier of Bell’s Tavern : Shad & Shrimp Fritters. Yum.
No worries, Shad Fest welcomes lovers of all foods. There are so many things to do, see and eat at Shad Fest; you’ll love it whether you like fish or not. Spend some time exploring www.shadfest.com to plan your perfect day!
Lower Makefield Township, Bucks County, Pa., real estate update
Time to take another close look at statistics for the real estate market, in Bucks County, through the first quarter of 2010. If you follow my blog, you know that I keep very close track, of a variety of statistics, every month, for various communities in Bucks County, that I serve.
Today, we will review the real estate market for Lower Makefield Township.
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Bucks County real estate saw an overall increase of 13.3%, for the number of units closed through the first quarter of 2010, compared with the first quarter of 2009.
Here is a quick breakdown of Lower Makefield through the first quarter:
- 49 homes sold through March of 2010, at an average of 92% of asking price.
- 34 homes through the same period, last year, at 91% of asking price.
- There were 220 homes on the market in Lower Makefield Township, at the end of March 2010.
- There were 222 homes on the market in Lower Makefield Township, at the end of March, 2009.
- There were 191 homes on the market in Lower Makefield Township at the end of February, 2010.
Inventory remains stable, compared with last year, although up from the end of February. The increase in inventory from February, is to be expected, based on the time of the year. More people generally put their home on the market, in the spring. There are generally more buyers in the spring, as well.
- The average price of a home for sale at the end of March, 2010, was $499,000.
- The average price of a home for sale at the end of March, last year was $542,000.
This suggest to me, that as we continue with the buyers market trend, sellers may be getting more realistic with their asking prices. The asking price of homes, is down 8%, in Lower Makefield Township, this year, compared with last year.
What does all of this mean to buyers and sellers of real estate, in Lower Makefield Township? There is still almost a 10 month supply of homes on the market. We consider a market to be balanced, when there is about a 6 month supply. Based on inventory, market still favors buyers.
The average days on the market is higher than last year at the same time. Currently average days on the market is 88 compared with 66 last year.
In terms of average sale price, keep in mind that the average sold price for 2006 was 3.6% higher than the previous year, 2007 saw a 6.4% decrease, 2008 saw an increas of 3.1% and 2009 saw a decrease of 6.7%. See the chart showing average sale prices for a 10 year period, to put all of this in perspective.
It is critically important that seller be realistic when setting a price. If you price homes appropriately, there are buyers. I have recently had listings that have received more than one offer, and I had a recent listing sell for more than the asking price! For buyers, there are lots of choices, although it is important to distinguish between homes that are unrealistically priced, and those that are priced correctly. Homes correctly priced, will sell relatively quickly.
Pleaese feel free to share your thoughts and comments with me, about anything you agree or disagree with.
In the next few posts, I will take a look at other communities.
Continue Reading > Add a Comment |1735 Jockeys Way, Yardley, Pa., Bucks County.
[youtube]http://www.youtube.com/watch?v=QDQ-EASj_HA[/youtube]Just listed an amazing, 5 bedroom, 4 1/2 bath home, in Yardley, Pa, Bucks County. (Actually in Lower Makefield Township.) Priced at 725,000, check out the video. You can see additional pictures on Flickr, just click on the link.
Continue Reading > Add a Comment |Bucks County, PA- Guys and Dolls at the Bucks County Playhouse 4/17-4/18
This weekend you can enjoy Neshaminy Valley Music Theaters’ production of ”Guys and Dolls” at the Bucks County Playhouse .
Guys and Dolls is a cornerstone of Broadway musical comedy that continues to delight audiences year after year. Featuring show stopping songs such as “Luck be a Lady” and “Sit Down You’re Rockin’ the Boat”, this musical is the perfect balance of story, dance, music, comedy and romance!
classic musical fable about Sarah Brown, the upright but uptight “mission doll,” out to reform the evildoers of Time Square and Sky Masterson, the slick, high-rolling gambler who woos her on a bet and ends up falling in love. To buy tickets and get full details visit www.buckscountyplayhouse.com
Want to learn about Pennsbury, Council Rock, Central Bucks, or any school district in Bucks County?
One of the most important considerations people have, in trying to decide where to move, is the quality of education provided by the school district.
Anyone who knows me, knows how passionate I am about education. In fact, having grown up in Trenton, New Jersey, I serve on the board of the Trenton Public Education Foundation. Our organizations mission is to broker, foster and leverage resources that enhance and promote educational opportunities for the students in the Trenton School District.
We are extremely fortunate, in the general Bucks County area, to have a variety of very strong, public school districts. Whether considering Pennsbury, Council Rock, Central Bucks, or any of the many, award wining districts, prospective buyers always want to know my thoughts about which district is, “best”.
I actually have a school district comparison link on my main website, at buckscountypatoday.com. There are actually a number of websites that offer a variety of ways of comparing school districts.
One of the best local resources, is the report done every year, by the Philadelphia Inquirer.
The Inquirer’s 13th annual report card on area schools, was in yesterday’s (April 11th, 2010) edition.
Click here to see the report, online.
The report is an extremely comprehensive analysis of all the local public school districts, in both Pennsylvania and New Jersey, and incldues information on private schools, as well.
There is a very interesting story on the new focus on sciences that is taking place in our various districts.
There is actually a breakdown of how schools are doing with science tests, in 4th grade.
There is a comparison on spending, salaries academics and other factors.
You will find a test score comparison for 8th and 11th grade science, as well.
There are other test score comparisons, as well.
The report breaks down what is offered at high schools throughout the region.
You will also find a breakdown of the ususal math and reading test scores at various grade levels, as well.
Overall, this is one of the best and most comprehensive school reports provided locally, and I highly recommend it if you are looking at comparing school districts.
I will have hard copies available. Please contact me, if you would like to receive a hard copy.
Continue Reading > Add a Comment |New Hope, PA "Wines from Around the World" wine education course
So you want to become a wine connoisseur? You don’t have to be a wine-maker or fly to Europe in order to appreciate fine wine. Chaddsford Winery in New Hope is putting on an exciting “Wines from Around the World” course that will lead you on your way to become a seasoned wine connoisseur!
WINES FROM AROUND THE WORLD
A beginner’s guild that compares local wine to wines from established wine regions, this instructional course will fill you with education about wines from France(April 9), Italy (April 16), Chile (April 23) (a new world country) and Australia/New Zealand (April 30). R.S.V.P. to save your spot at 215-794-9655, $30 per person or $100 for entire course (Save $20!). Classes start at 7pm. Includes instruction, tasting and learning materials. $30.00 Per Person
$100.00 for entire course
Time: 7pm
Sponsored by: Chaddsford Winery
Location: Chaddsford Winery Wine Shop & Tasting Room in Peddler’s Village, 2450 Street Road , New Hope, PA
Contact: 215-794-9655
Veterans monuement fundraiser, Lower Makefield Township, Bucks County, Pa.
Veterans Park, Lower Makefield Township, Bucks County, Pa.
On December 19th, 2007, a committee was formed to work to bring a veterans monumement to Lower Makefield Township.
New Hope, PA Fantasy Renaissance Faire 4/17 & 4/18
New Hope, PA Fantasy Renaissance Faire
There is something for everyone at this fun and interesting event. Enjoy Jugglers, Storytellers, Costumed Actors and More!
Step back in time as New Hope is transformed into a medieval fantasy for one glorious weekend Saturday, April 17 and Sunday, April 18, 2010. The New Hope Fantasy Renaissance Faire will take place on Mechanic Street in the heart of New Hope starting at 11:00 am. Sponsored by the Greater New Hope Chamber of Commerce, the free event will bring together dozens of local businesses and restaurants.
The event is free and will take place rain or shine. Visit www.newhoperenfaire.com
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