Pocono Summit PA Real Estate Market Report for March 2014

Pocono Summit PA Real Estate Market Report for March 2014

in the Poconos.  A nice increase in the Sold Price for this Month versus March of 2013, thank goodness.

 

pocono summit pa real estate market report for march 2014



AVERAGE SOLD PRICE OF HOMES:

 

The Average Sold Price of homes sold in Pocono Summit PA for March was $98k versus $49k for March of 2013. A nice increase for sure. We want to see this trend continue.

 

NUMBER OF HOMES SOLD:

 

The Number of Homes Sold in Pocono Summit PA for March was 5 versus 1 for March 2013. Glad to see the number of homes sold continues to increase.

 

YEAR TO DATE STATISTICS FOR 2014 in the Pocono Summit PA Real Estate Market:

 

The Year to Date Average Sold Price in Pocono Summit PA for 2014 is $83K compared to $130k for 2013.

 

The Number of Homes Sold Year to Date in Pocono Summit PA for 2014 is 12 compared to 8 for 2013. County wide, the Number of Homes sold year to date for 2014 is up 11% when compared to 2013.

 

This month makes 17 months in a row that the number of homes sold in the Poconos (Monroe County) has exceeded last years numbers. With increased demand comes an increase in prices, eventually. The Absorption Rate needs to drop to around 6 months to be a balanced market and then at that point we have our best chances of seeing our prices begin to rise again, steadily.

 

More Important Statistics to consider in the Pocono Summit PA Real Estate Market Report for March 2014 in the Poconos are:

 

  • The Average Days on the Market for January was 489.

 

  • The Sale to List Price Ratio was 95%.

 

  • The Absorption Rate is 13 months

 

  • The Number of Pending homes is at 5

 


  • The Number of Active Listings is 43, up 14% from last March



These trends in the Pocono Summit PA Real Estate Market Report tell us that it is a Great Time to sell your home in Pocono summit PA. When looking for a Pocono Summit Real Estate Agent to help you sell your home in the Poconos, give Bobbie a call.  Together with RE/MAX of the Poconos we will help you reach your goal. SOLD!

Pocono Summit PA real estate market report for February 2014

Pocono Real Estate Market Report for March 2014 (monroe county)

 

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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 5 commentsBobbie Smith • April 15 2014 03:39PM

Comments

Bobbie those are amazing numbers. Good reason to call the Pocono Summit real estate specialist Bobbie Smit

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 4 years ago

Are you looking for a experienced REALTOR® in the Pocono Summit PA area?  If so contact Bobbie Smith and put her knowledge to work for you!

Posted by John McCormack, AlbuquerqueHomes.com, Albuquerque Homes Realty (Albuquerque Homes Realty * www.AlbuquerqueHomes.com) over 4 years ago

Bobbie, thanks for the update for the Pocono Summit PA Real Estate Market.  The good news continues.

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: This is certainly a good news story for the Pocono Summit PA real estate market. Good report.

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

I love your market reports. They look great and contain good information. Keep it up!

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

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