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Who are the real estate buyers in Yardley, Newtown, Upper Makefield & Lower Makefield, Bucks County, Pa.

By Marty Millner on Thursday, December 31st, 2009

Writing this post on the last day of the year, so this will be it for blogging in 2009.  sold

Some things in real estate have remained unchanged over the past decade, while some things have changed drastically.  Here, according to the National Association of Realtors , are some observations:

  1. 1999; 37% of buyers searched for a home online.  2009: 90% of buyers searched for a home online.
  2. 1999; Median home value is $137,600. 2009; median home value is $172,600.  When accounting for inflation, not much change over the decade.
  3. 1999; 82% of buyers purchased detached, single family homes. 2009: 78% of buyers purchased detached, single family homes.
  4. 1999: 46% of buyers choose suburban neighborhoods.  2009: 54% of buyers choose suburban neighborhoods.
  5. 1999: 68% of buyers were married couples. 2009: 60% of buyers are married couples.
  6. 1999 and 2009: the median age for buyers was 39.
  7. 1999 and 2009: “neigborhood quality, affordability, and convenience to work and school have consistenly been top priorities.

So how do those statistics compare with my real estate practice, in the Yardley area of Bucks County?

Well, during the past year, 56% of the buyers I worked with, purchased detached, single family homes.  This is slightly less than in prior years.  Part of the reason for that, was the first time home buyer tax credit.  The majority of first time home buyers that I worked with, bought condo’s and townhomes.

I prefer distinguishing buyers as either pairs (or more) compared with single person buyers.  Using that comparison, 28% of the buyers I worked with, were single buyers, basically meaning that one person purchased the house.

In terms of searching on-line, basically 100% of the buyers I worked with used the internet as a search tool to find homes. 

The median age of buyers I represented this year, was a bit younger than the National Association of Realtor national median age of 39.

I thought these statistics were interesting.  The internet has definitely changed the way buyers look for homes.  This does not come as any surprise, I’m sure.

Let me know what statistics you find most interesting, and I will see you in 2010!

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