Real Estate Market Update in Pocono Pines for September 2014

Real Estate Market Update in Pocono Pines for September 2014

 

Good News this month in Pocono Pines Real Estate. The Average Sold Price went up and the Number of Homes sold went up when compared to September 2013

and from August of this year.

real estate market update in pocono pines for september 2014

ABBREVIATIONS: SOLD $ = Average Sold price

# SOLD = The Number of Homes sold for the Month

ADOM = Average Days on the Market

AR = Absorption Rate

 

AVERAGE SOLD PRICE IN POCONO PINES:

 

The Average Sold Price in Pocono Pines for September 2014 was $308k, UP 6.6% from $288k for September 2013,  A very nice rise Indeed!!

 

The Average Sold Price for Monroe County for September was $143k

 

NUMBER OF HOMES SOLD IN POCONO PINES:

 

The Number of Homes Sold in Pocono Pines for September 2014 was 14, UP from 10 in August and UP 16.7% from September 2013. Glad to see this Local market is following the County wide trend.

 

The Number of Homes Sold in Monroe County for September was 224.

 

YEAR TO DATE STATISTICS FOR POCONO PINES 2014:

 

The Average Sold Price in the Pocono Pines PA Real Estate Market Report for 2014 is $263k down 2% from $268k for YTD 2013. We are glad to see that the year to date prices are only down 2%. There is hope that this Market could be even by the end of the year!

 

The Average Sold Price year to date in Monroe County is $131k.

 

The Number of Homes Sold in the Pocono Pines PA Real Estate Market Report for 2014 is at 76 homes, exactly the same as where we were at for YTD 2013 at this time of year.

 

Other Important Statistics to consider when reviewing the Pocono Pines PA Real Estate Market Report for September 2014 are:

 

Absorption Rate: UP to 24 months. That is very high. County average is 14 months.

 

Number of Pending Homes: 11, UP from 8 at this time last year

 

Sale to List Price Ratio: was around 93%. We’d like to see 97%.

 

Number of Active Listings: 194 versus 178, a 9% increase from September 2013.

 

It is still the Best Real Estate Market the Poconos has seen in several years.

 

Looking for a Pocono Pines PA Real Estate Agent? Give Bobbie Smith a call for an Interview. Discover the Value that Bobbie and RE/MAX of the Poconos provide to you.  Our clients say “No one ever told me that before.” Our value is evident in our presentation and the amount of work that we do for you to Market your home on all the right avenues.

 

Poconos Real Estate Market Report - September 2014

 

Pocono Pines PA Real Estate Market Report - August 2014

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When looking for a Realtor© in the Poconos that will listen, assist and guide you without "pushing" you, contact Bobbie Smith. I would love to help.

 

Bobbie Smith, CRS

(Certified Residenial Specialist-CRS)

570-242-1891 Cell Best (Call or Text)

570-421-2345 Office 

RS#274017 

Email me now: bobbiej51@hotmail.com    

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RE/MAX OF THE POCONOS

All pictures, text, etc. stated within is the exclusive property of Bobbie Smith and cannot be copied or duplicated without written consent from Bobbie Smith.  All statistics and data contained herein are obtained from reliable sources and are deemed reliable however each individual should always do their own research on each topic and derive their own conclusions. Any statements of opinion are just that, the opinions of Bobbie Smith. *Realtor is a registered trademark of NAR*

0 commentsBobbie Smith • October 25 2014 04:14PM
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