East Stroudsburg PA Real Estate Market Report for March 2014

East Stroudsburg PA Real Estate Market Report for March 2014

in the Poconos is summarized below for your review. The Year To Date Statistics are going strong with 80 pending homes!

 

east stroudsburg pa real estate market report for march 2014



AVERAGE SOLD PRICE FOR MARCH: $131,426 VERSUS $122,406 for March 2013, A 7.3% increase.



NUMBER OF HOMES SOLD FOR MARCH: 37 versus 48 for March 2013. An unanticipated drop.



YEAR TO DATE STATISTICS TO MARCH 2014:

 

The Year To Date number of homes sold in the East Stroudsburg PA Real Estate market is 109 homes for 2014 versus 112 for 2013.

 

The Year To Date average sold price of homes sold in East Stroudsburg PAis $117K for 2014 versus $119k for year to date 2013.



Other Important Statistics to consider in the East Stroudsburg PA Real Estate Market Report for March 2014 in the Poconos are:

 

The Average Days on the Market dropped to 121

 

The Sale to List Price Ratio was around 95%.

 

The Number of Pending homes is currently at 80, UP from 44 for March 2013.

 

The Number of Active Listings dropped to 393 versus 436 for March 2013.

 

The Absorption Rate dropped to 9 months versus 12 months for March 2013. This is indicative of a Buyer’s Market. A balanced market would be 6 months.

 

In Summary, all these Statistics show that we are still in a Buyer’s Market in East Stroudsburg PA however the number of positive growth numbers show us that we are doing well on the road to recovery in East Stroudsburg and hopefully these trends will continue. For 17 months in a row the Number of Homes being sold in the Poconos has been on the rise and exceeded last years numbers.  This is the BEST market we have seen in the Poconos for years! Take advantage of it and call your East Stroudsburg PA Real Estate Agent, Bobbie Smith!


East Stroudsburg PA Real Estate Market Report for March 2014.

Poconos Real Estate Market Report for February 2014

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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 8 commentsBobbie Smith • April 18 2014 05:23AM

Comments

Good morning Bobbie,

Looks like East Shroudsburgh PA home prices are rising..7% over last year is significant!! Nice market report Bobbie!

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

Bobbie: This month looks to be a busy time at the closing table with so many pending sales on the books. Good information about the East Stroudsburg PA real estate market!

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

nice looking report to showcase to the local buyers and sellers in your marketplace!

Posted by Mark Loewenberg, KW 561-214-0370 (KW of the Palm Beaches) over 4 years ago

You have provided some great information on the real estate market in the East Stroudsburg PA area REALTOR® Bobbie Smith!  Anyone needing an area REALTOR® would be wise to contact you!

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

I appreciate the time you took to put this market report together. I enjoyed reading it! Hope that spring is treating you well.

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

Good afternoon Bobbie, East Stroudsburg looks like prices are going up and inventory is a little down now like all over the country. Very detailed report.

Have a great Friday.

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

Great market report, thanks for sharing.

Have a Big day,

Randy

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

Bobbie, you are providing excellent information to buyers and sellers in East Stroudsburg PA.

Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) over 4 years ago

Participate