One of my favorite events! Yardley Harvest Day Bucks County, PA
One of my favorite events! Yardley Harvest Day Bucks County, PA
For the 41st year in a row, Yardley will be celebrating its local Yardley Harvest Day this Saturday, September 25th from 10 am, until 5 pm. Harvest Day is a huge community event – offering food, family entertainment, music, and over 100 crafters that set up their beautiful displays along West Afton Avenue.
Admission is free and open to the public for this well-known event in our small town. Held rain or shine, there is a little something for everyone each and every year at the Yardley Harvest Day celebration. Makefield Women’s Association and Yardley Business Association sponsor this event, and all profits go towards local charities.
Come on out this weekend and enjoy a Yardley tradition that has been with us for over 40 years. Hope we see you there!
Continue Reading > Add a Comment |Bucks County Market trend updates August 2010
I hope that you had a chance to watch the last video post, that explained what is happening to the real estate market, for all of Bucks County.
Today, I am going to start my monthly look at the various community markets that I track.
Here is a look at the real estate market in Yardley/Lower Makefield Township, through the end of August, 2010.
Inventory of homes on the market in Yardley/Lower Makefield Township.
- August 2010 222
- August 2009 221
- July 2010 221
Inventory levels virtually unchanged from the previous month, as well as compared with the same time last year.
Pricing:
- Average price of home in inventory at the end of August, 2010 $528,000
- Average price of home in inventory at the end of August 2009 $513,000
Asking price has increased this year, by 2.9%
Sales Volume in Yardley/Lower Makefield Township
- Homes sold as of end of August, 2010 226
- Homes sold as of end of August, 2009 167
Unit sales volume is up by 35.3% from a year ago.
Buyers are achieving approximately 7% average discount from the asking price in 2010.
This contrasts with the average discount in 2009 of 9%.
Month to month sales volume in Yardley/Lower Makefield Township
- Homes sold in August of 2010 38
- Homes sold in August of 2009 36
We saw a big drop in unit sales for July this year, compared with July of last year. This was undoudtably due to the expiring tax credit. The pace of sales in August, was about the same as last year.
Final observations:
It seems as thought the real estate market in Yardley/Lower Makefield Township, is holding up reasonably well. We currently have an 8.5 month of inventory, based on current sales pace. We consider a market to be balanced when there is a 6 month supply. Based on that, and considering the discount that buyers are still obtaining, obviously the market dynamics are still very much in favor of buyers. We consider a market to be balanced when there is a 6 month supply of homes on the market. Sellers, as always, need to be aware of market conditions, and price their home accordingly. It is also important to market home aggressively.
With interest rates remaining at historic low levels, and with ample inventory, buyers have a lot to see and choose from.
I welcome any questions or observations you may have.
Continue Reading > Add a Comment |What percent of home sales in Bucks County are distressed?
[youtube]http://www.youtube.com/watch?v=uSQ3svj2PA4[/youtube]I post frequently, market statistics. Please check out this very concise video representation of the real estate market in Bucks County. It will give you a great comparison between distressed property sales as reported nationally, and Bucks County real estate distressed sales activity.
Continue Reading > Add a Comment |Yardley, Pa real estate market check.
Interested in knowing what is really happening to real estate in Yardley and Lower Makefield Township?
Just generated this chart that shows what is happening with regards to houses on the market, compared with days on the market.
Interesting to see that inventory levels have been dropping, but the average days on the market has increased over the past 90 days.
If you are selling, it has never been more important to price your house correctly.
Inventory levels compared with days on the market
Make sense to buy Yardley, Newtown, Bucks County real estate?
I read a great article this morning in the New York Times, about home ownership in the United States. Click on this link for [youtube]http://www.youtube.com/watch?v=dMu_f37zF7w[/youtube]the complete article. In the meantime, I tried to give you a few of the more important points, in today’s video blog.
Continue Reading > Add a Comment |Chat With Marty