The Effort PA Real Estate Market Report for August in the Poconos is here for your review.
AVERAGE SOLD PRICE:
The Average Sold Price for homes sold in Effort PA was $127K for Aug versus $167k for Aug 2012.
NUMBER OF HOMES SOLD:
The Number of Homes Sold in Effort PA for Aug was 8 versus 4 for Aug. 2012
YEAR TO DATE STATISTICS:
The Average Sold Price YTD for 2013 is $130k, UP 12% from $116k for 2012 and the Number of Homes sold YTD for 2013 is 54, UP 6% from 51 for YTD 2012.
Other Important Statistics to consider in the Effort PA Real Estate Market Summary for August 2013 are:
The Absorption Rate for August rose to 14 months, versus 13 months for Aug. 2012
The Sale To List Price Ratio dropped to 93% in August from 96% in July 2013.
The Number of Pending homes rose to 12 for Aug. 2013 versus 3 for Aug. 2012.
The Number of Active listings stayed the same for Aug. 2013 as it was for Aug. 2012 at 92.
The Average Days On The Market rose to 172 for Aug 2013 versus 109 for Aug 2012.
In Summary we see that the demand is still staying strong in the Effort PA Real Estate Market with double the number of homes being sold for the month although we did have an average sold price reduction. As long as the demand continues to stay strong prices will soon begin to stabilize and then begin to rise. The County overall has seen a steady incline in the number of homes being sold for 10 months in a row now. That is good news!
Enlist the Services of your Local Realtor©, Bobbie Smith, and take advantage of the Best Market that the Poconos has seen in years and get your home in Effort PA on the Market For Sale NOW!
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)
Email me now: email@example.com
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*