Welcome to Realty Executives in the Lehigh Valley
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Welcome to Realty Executives your source of Real Estate Information in the Lehigh Valley. Tax Credit Update Congress has Extended the Homebbuyer Tax Credit $8000 Maximum for First Time Buyers $6500 Maximum for the Current Homeowner Credit (Pricipal Residence Consecutively 5 out of the previous 8 years) The home must be purchased by April 30, 2010 FHA Changes are coming. More Money Down More insurance required (MIP) Higher credit scores Less Seller contribution Market Update December 2009 Comparison of Activity from October 2009 to November 2009 Number of Sales - During November 2009, 606 sales were reported, up approximately 12.8% from October 2009 at 537.Average Sales Price to October 2009 when the average sales price of the month was recorded at $190,000. The dividing the number of sales into the total sales dollars. - The average sales price for November 2009 was recorded at $190,000, which remained the same comparedAverage Sales price is obtained byMedian Sales Price October 2009 with a median of $173,000. The Median indicates the mid-point of the range of prices-half the homes sell for less, while half the homes sell for more. - The Median Sales Price for November 2009 was recorded at $175,000 which is an increase compared toAverage Market Time same compared to October 2009 at 78 days. -The average time on the market for properties sold during November 2009 was 78 days, which stayed theList Price to Sold Price Ratio: The average sale price compared to list price for residential properties sold during the month of November 2009 is 97%, which is an increase compared to October 2009 at 96%. New Construction: For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sale price is $354,000. The median sales price reported is $368,000. This information is based on October 2009 the average sale price was recorded at $451,000, the median was recorded at $410,000. The obtained by dividing the total number of newly constructed sales into the total sales dollars of newly constructed homes. The Median Sales price indicates the mid-point of the range of sales-half of the homes sell for less, while half of the homes sell for more. 13 new construction properties sold during the month of November. During the month ofAverage Sales price isLehigh Valley Real Estate Statistics: The statistics presented in Association of REALTORS the number of sales at the high or low end of the price range. The year-to-date numbers will generally remain more constant. The Lehigh Valley Association of REALTORS professionals involved in all aspects of the real estate industry. Market Update are compiled each month based on the figures generated from the Lehigh Valley® Multiple Listing Service. Average sales prices and median prices fluctuate monthly depending upon®, “The Voice for Real Estate in the Lehigh Valley”, represents 2296 real estate
Year In Review
- The average sales price for November 2009 was recorded at $190,000, down approximately 14.4% fromAverage Sales price is obtained byMedian Sales Price November 2008 with a median of $190,000. The Median indicates the mid-point of the range of prices-half the homes sell for less, while half the homes sell for more. - The Median Sales Price for November 2009 was recorded at $175,000 which was a decrease compared toAverage Market Time 73 days in November 2008. -The average time on the market for properties sold during November 2009 was 78 days, an increase fromList Price to Sold Price Ratio: The average sale price compared to list price for residential properties sold during the month of November 2009 is 97%, which is an increase compared to November 2008 at 95%. In todays Market determining the proper offering price is critical. A Professional Market Analysis considers many factors not just similiar properties that have Sold. Click the Home Evaluation Button to get started and take advantage of 23 years of experience. Realty Executives also works with Buyers helping to find the Home of their Dreams. In doing so Buyers are also introduced to all the various Discounts, Savings and Rebates available to them when purchasing a property. It makes sense to work with an Executive. Click the e-Search Home Search Button to find Your Next Home Feel Free to Search the LVAR Multiple Listing service from this site, use the Mortgage Calculator or investigate School District information or just have fun with the vast amount of information provided on this site. Enjoy your stay! Joe Mazurek, Realtor, e-Pro, BA, SRS November 2008 when the average sales price of the month was recorded at $222,000. The dividing the number of sales into the total sales dollars. |
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Joe Mazurek, REALTOR Lehigh Valley Executives, LLC t/a REALTY EXECUTIVES - 968 Postal Rd, Suite 210, Allentown PA 18109 Direct 610-360-2066 Office 610.465.5600 Fax 610.465.7004 PA Licensed Real Estate Broker - RB-062419-C |
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