Real Estate Market Trends in Effort PA for January 2014 in the Poconos

Here's a peek at The Real Estate Market Trends in Effort PA for

January 2014 in the Poconos.

Prices are up for the month but the Number sold is down.

 

AVERAGE SOLD PRICE OF HOMES:

 

The Average Sold Price for homes sold in Effort PA was $129K for January versus $127k for January 2013. This is very nice to see.

 

NUMBER OF HOMES SOLD FOR THE MONTH:

 

The Number of Homes Sold in Effort PA for January was 4 versus 7 for January 2013. Home sales have been on the rise for 15 months in a row now, County wide, so this is a surprising number to see.

 

effort pa real estate market report for jan 2014



Other Important Statistics to consider in the Effort PA Real Estate Market

Report for January 2014 are:

 

  • The Absorption Rate is at 11 months, down from 12 months for January 2013

 

  • The Sale To List Price Ratio was around 93.5% for those homes sold for the Month.

 

  • The Number of Pending homes rose to 10, versus 6 for January 2013.

 

  • The Number of Active listings rose to 83 versus 75 for January 2013.

 

  • The Average Days On The Market rose to 329 days versus 111 for January 2013.

 

In Summary we see that there are still positive signs of recovery in the Real Estate Market Trends in Effort PA for the month. We need to see the Absorption Rate drop to 6 months to have a balanced market. The Poconos real estate market has seen a steady incline in the number of homes being sold for 15 months in a row now. That is very good news!  That’s the first time in 6 years. Prices of homes sold for 2013 stayed at the same average as the sold prices for 2012 and that is good news too. The First year our prices have not dropped in at least 6 years.

 

Are you thinking of selling your home in Effort PA? Enlist the Services of your Effort PA Real Estate Agent, Bobbie Smith, and take advantage of the Best Market that the Poconos has seen in years.  Selling your Home in Effort PA is more possible today than it has been in years.

 

*originally posted at homesinthepoconosforsale.com

 

Effort PA Real Estate Market Report for December 2013

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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    

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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 8 commentsBobbie Smith • February 19 2014 10:31AM

Comments

Bobbie, thanks for the excellent market report for Effort PA.  Mostly good news, with the market heading in a positive direction.

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

Bobbie: It is good to see the inventory levels inching downwards, getting closer to a balanced real estate market in Effort PA.

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

Bobbie it is always nice to hear about how communities are doing. Buyers and sellers in the area would be well served with the experience you provide.

Posted by Bruce Swedal, Denver Real Estate over 4 years ago

Good evening Bobbie,

I'm sure the buyers and sellers in your area look forward to your market reports and count on them for updates on the real estate market.

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) over 4 years ago

Hi Gabe, Thanks for dropping by.

They are not as loaded with info as yours but I hope they help.

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

Anita, We would love to see a balanced market soon but I suspect it will be another year or two. Thanks.

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

Hi Bruce, It is. Following others around the Country is helpful in etting their market reports and seeing how they are doing.

Very different markets, everywhere.

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

Hi Dorie, I sure hope so. It takes time to put these together as you well know. Thanks.

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

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