Real Estate Market Report for Long Pond PA for October 2013

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.

 

real estate market report in long pond pa for oct 2013

 

 

 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!

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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    

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 13 commentsBobbie Smith • November 26 2013 11:18AM

Comments

Hhi Bobbie, always enjoy viewing stats and charts on other communities..Thanks for sharing with us.

Posted by Ronald DiLalla, No. Orange Cty Real Estate (Century 21 Discovery DRE 01813824) over 4 years ago

Bobbie: You are the Long Pond PA real estate expert and your knowledge shines through in this thorough report.

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

Hi Ronald, I agree. I do the same thing. Check out numerous market reports from around the Country. It is always interesting to see the differences in different areas. Thanks.

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

Hi Anita, Thanks so much. I greatly appreciate the support. Thanks for stopping by.

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

Bobbie, Great information for people desiring to live in Long Pond. No doubt that they will be seeing this info online. The next step would be to call you to help them with their real estate services.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 4 years ago

Hi Debbie, Thanks. Hopefully consumers will find the information and find it useful and then give me a call to help them with their real estate needs.

Happy Thanksgiving!

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

Ha, they fixed it for me Bobbie!  I am back to say you offer the needed Long Pond information for all sellers.

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

Bobbie, thanks for the report for the real estate market in Long Pond, PA.  As the one with the local knowledge, you should be the go to Realtor for both buyers and sellers in Long Pond.

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

Nice report and I like your chart.  Good demostration of your knowledge of the local market.

Posted by Mike Crosby, Placentia- Yorba Linda Real Estate - 714-742-2897 (Mike Crosby Realty) over 4 years ago

Hi Ginny, Great news. I had thought so as Kerry dropped by and made a comment on one of my posts. Thanks again.

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

Hi Gabe, Being current on the real estate market is essential when looking to sell your home or looking to remodel. You do not want to overspend if the return is not there.

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

Hi Mike, Well Thank you. I appreciate the compliment. Hopefully the chart helps consumers to see our market.

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

Good report, thanks for sharing!

Posted by Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert (Movement Mortgage) over 4 years ago

Participate