THE POCONOS MARKET TRENDS FOR OCTOBER 2011, RESIDENTIAL HOMES

 

Wait until you see the Stats for The Poconos Market Trends for October 2011!

For Residential sales in Monroe County, the Number Of Homes sold for the Month was down 8% when compared to the same Month last year.  The Average Sale Price was down 21% from last years’ average sale price. The number of foreclosures that were sold for the Month was up to 36%.  36% of the sales for October 2011 were foreclosures.   NO WONDER the big price drop.  We all know that foreclosures sell lower than fair market value most of the time.

The Poconos Market Statistics October 2011

 

For rounding out the year then, the Number Of Homes Sold for Monroe County EVEN.  Even is good! The Average Sale Price of these homes is now down 6% for the year. BOOHOO! We were holding steady at -4% for most of the year.

We still have two months to change these numbers around; we need to at least match 2010 which ended the year at -5% for the year on prices. . .  PLEASE!

See my blog post for end of year 2010 Stats

facebook  google plus  twitter   pinterest   youtube  linkedin 


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    

Search the Pocono MLS for a home

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*

Comment balloon 1 commentBobbie Smith • November 07 2011 11:56AM

Comments

Bobbie,  I hope the prices work there way up in your area.  Time will tell.

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) over 6 years ago

Participate