The Real Estate Market Report in Long Pond PA for October 2013 is
summarized in the statistics below for your review.
AVERAGE SOLD PRICE:
The Average Sold Price for homes sold in the Long Pond PA real estate market report for October 2013 was $38k compared to $67 for October 2012.
This Average Sold Price would be in line with the percentage of foreclosures sold for October being on the increase, therefore bringing down our sold price for the month.
NUMBER OF HOMES SOLD:
The Number of Homes Sold in the Long Pond PA real estate market report for October 2013 was 3 compared to 2 for October 2012.
YEAR TO DATE STATISTICS:
The Average Sold Price Year to date is $111k compared to $134k for October 2012 and the Number of Homes Sold is 60 versus 42 for October 2012.
This is in line with the overall statistics for the Poconos as the Number of Homes being sold on a monthly basis has been on the rise for the last 12 months. That is good news. Demand is up and that is good. As demand continues to rise our prices will soon stabilize and then begin to increase.
Other Important Statistics to consider in the Real Estate Market Report
in Long Pond PA for October 2013 are:
Absorption Rate: is currently 19 months, down from 26 months for October 2012
Active Listings: are currently 97, down from 112 for October 2012
Pending Listings: are currently 3, the same as October 2012
Average Days on the Market: is around 256 days, up from 121 for October 2012
Sold to List Price Ratio: has dropped to 75% for October (large drop due to foreclosures)
In Summary, as demand continues to rise and the number of homes available for sale continues to decrease it shows that it is still a great time to sell your home in Long Pond PA.
Are you looking to sell your home in Long Pond PA in the Poconos? Please give me a call. Let’s chat about it and go over the value you will receive from our MAXimum marketing and getting your home to sold. Call Bobbie and RE/MAX of the Poconos today!
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*