Marty Millner
Real estate statistics in Yardley, Newtown, Upper Makefield Township, Lower Makefield Township & Bucks County
I have not done this in a number of posts, but I wanted to take a very detailed look at market statistics, through the end of November, in some of the markets that I serve.
In virtually all of the markets in which I work in Bucks County, the pace of 2009 year to date units has continued to improve. For example, in all of Bucks County, the number of single family homes this November, was 79% higher than November of 2008.
Some specific examples of that are pretty impressive. Sales in Lower Makefield Township, were 257% this November than a year ago; Newtown was up 171%; Upper Makefield was up 100%; Solebury was up 200%; Buckingham up by 111%; Northampton up 61%; Middletown up 65%. I don’t think that it was a coincidence, that the original, first time home buyer tax credit, expired on November 30th, and we saw such an increase in the number of transactions this November. Clearly the tax credit had an effect.
In virtually all of our markets, the year to date units closed, has improved over the past 6 or 7 months. Please see the accompanying graphs, which plot the general improvement.
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