Smithfield Township Real Estate Market Summary, Aug 2013 in the Poconos

The Smithfield Township Real Estate Market Report in the Poconos for August 2013 is summarized below.

 

AVERAGE SOLD PRICE:

 

The Average Sold Price of homes for August was $164k, UP from $94k for Aug. of 2012.

 

NUMBER OF HOMES SOLD:

 

The Number of homes sold for August was 4, DOWN from the 5 sold for Aug. of 2012.

 

YEAR TO DATE STATISTICS:

 

The number of homes sold in Smithfield Township year to date WENT UP 20% to 49 homes for 2013 versus 41 for year to date in 2012.

 

The average sold price year to date DROPPED 11% from $173k for 2012 to $155k for 2013.

smithfield township real estate market summary aug 2013

 

Other Important Statistics to consider in the Smithfield Township Real Estate Market Summary for August 2013 are:

 

The Average Days on the Market YTD rose to 252 days versus 68 for 2012.

 

The Sale to List Price Ratio rose to 98% from 94% for July 2013

 

The Absorption RateYTD dropped to 12 months for 2013 versus 20 months for YTD 2012..

 

The Number of Pending homes YTD is 51 which is UP from 49 for YTD 2012.

 

The Number of Active Listings is down, 151 YTD for 2013 versus 178 YTD 2012.

 

It is still a Buyer’s Market in Smithfield Township. We would need to see the Absorption Rate be around 6 months to have a balanced market HOWEVER, with the number of homes being sold on a monthly basis continuing to rise, the trends tell us that we are moving toward a better market. The Number of Homes being sold on a Monthly Basis in the Poconos continues to rise and has exceeded last years number for 10 months in a row now.

 

Smithfield Township Real Estate Market Summary for August 2013.


All these Pocono Real Estate Market Trends tell us that it is a Great Time to sell your home in Smithfield Township. Enlist the services of your Local Pocono Realtor, Bobbie Smith!  Call today for a FREE MARKET ANALYSIS.

Poconos Real Estate market report for Aug 2013

Stroud Township real estate market report for Aug 2013

Hamilton Township real estate market report for Aug 2013

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 12 commentsBobbie Smith • September 23 2013 04:44AM

Comments

Good morning Bobbie,

It is still a buyers in Smithfield Township in the Poconos so time to grab up one of homes before the inventory drops any more. Your headed in the right direction with the absorption rate declining along with the inventory!

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) almost 5 years ago

Buyers and Sellers in the Poconos area of Pennsylvania, call Bobbie Smith with Remax of the Poconos at 570-242-1891 for all your real estate needs.  She can take great care of you.

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) over 4 years ago

excellent reporting stats on housing that you are sharing with your prospeects & clients!

Posted by Mark Loewenberg, KW 561-214-0370 (KW of the Palm Beaches) over 4 years ago

Bobbie: You do such a good job of providing relevant real estate information for anyone looking to move into the Poconos.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 4 years ago

Hi Dorie, You are right, it is. We are headed in the right direction and hopefully this trend will continue for many years to come. Thanks!

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Hi Will, Thank you! You are too kind. It was great chatting with you! Have A Great Day!

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Hi Mark, Thank you. I appreciate you stopping by.

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Hi Anita, Well Thank you! Most of it I learned right here on Active Rain following such great bloggers as Anita Clark!

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Smithfield township is doing so well this year and putting it out there Bobbie will bring you new business!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) over 4 years ago

Interesting market report for the Smithfield Township, Bobbie.  Still appears like there's some room for improvement in this market.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 4 years ago

Hi Ginny. I hope it helps consumers and brings me business too. Thanks!

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Hi Gabe, There certainly is. We are getting there, baby steps, but at least we are moving! Thanks!

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Participate