Bucks County Pa Lower Makefield Township Market Report April 2009
Lower Makefield Township Bucks County Pa Real Estate Report April 2009
Looking at market statistics through March of 2009, it is clear that we still find a buyers market. There were 221 single family homes on the market, in Lower Makefield Township at the end of March. That was up from 185 at the end of February. There were 183 single family homes on the market in Lower Makefield Township, at the end of March, 2008. The average price of a home for sale at the end of March, was 554,000.
This compared with an average price for houses on the market of 557,000 at the end of March, last year.
Most importantly, especially for sellers, 34 homes have sold through the end of March this year, at 91% of the list price. That compares with 47 homes sold through the end of March last year. Those homes sold for 94% of the list price. You can see that, thus far, unit sales volume is down from a year ago, and the buyer discount has increased. There is currently an 11 month supply of houses in Lower Makefield. Markets are generally considered, “balanced” with a 6 months of inventory. The other critical statistic to consider, is average days on the market. With more than an 11 month inventory, not surprisingly, homes are taking longer to sell. Average days on the market is 66, compared with 62 last year.
With all of this information, please keep in mind that there were 34 homes that sold. If a house is priced correctly, shows well, and marketed correctly, it will sell. I recently had a listing that sold for 99% of the asking price, with multiple offers. If you are considering selling, it might be a good time to consult with a pro-active realtor, like me. I will make sure that we use high quality, professional photographs, and we carefully evaluate the market so that we can price your house correctly. Please contact Martin Millner, at 215-519-1399, for a free evaluation. Ask about my, ”450 Ideas to Get Your House Sold“, which I can bring with me, or email to you.
I will update other areas in Bucks County, in future posts.
Lower Makefield Township Bucks County homes sold 2006-2009