Here is the Effort PA Real Estate Market Report for February 2014 in the Poconos.
The number of homes being sold is up again but the average sold price dropped. Bummer.
AVERAGE SOLD PRICE OF HOMES:
The Average Sold Price for homes sold in Effort PA was $111K for February versus $154k for February 2013. There are still bargains to be had by savvy Buyers.
NUMBER OF HOMES SOLD FOR THE MONTH:
The Number of Homes Sold in Effort PA for February was 7 versus 5 for February 2013. Home sales have been on the rise for 16 months in a row now throughout Monroe County.
YEAR TO DATE STATISTICS:
The Average Sold Price YTD in Effort PA for 2014 is $110k, DOWN from $138k for 2013 and the Number of Homes sold YTD in Effort PA for 2014 is 12, same as YTD 2013.
Other Important Statistics to consider in the Effort PA Real Estate Market
Report for February 2014 are:
- The Absorption Rate is at 10 months
- The Sale To List Price Ratio was around 94%
- The Number of Active listings rose to 75 from 68 for February 2013
- The Average Days On The Market was around 102 days for February
- The Number of Pending homes is at 14
In Summary we see that there are still positive signs of recovery in the Effort PA Real Estate Market Report 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 16 months in a row now. That is very good news! Prices of homes sold for 2013 stayed at the same average as the sold prices for 2012 and that is good news too.
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 possible with the Right Marketing and the Right Realtor®
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: firstname.lastname@example.org
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*