Pocono Summit PA Real Estate Market Report for April 2014

Pocono Summit PA Real Estate Market Report for April 2014

 

pocono summit pa real estate market report for april 2014

AVERAGE SOLD PRICE OF HOMES:

 

The Average Sold Price of homes sold in Pocono Summit PA for April was $89k versus $87k for April of 2013. A 1.3% increase. We like to see that!

 

NUMBER OF HOMES SOLD:

 

The Number of Homes Sold in Pocono Summit PA for April was 8 versus 7 for April 2013. Good to see the number of homes sold on a monthly basis 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 $86K compared to $110k for 2013. We have to remember that foreclosures accounted for 40% of the sold homes in Monroe County for April. Hopefully next month, this number will be much better.

 

The Number of Homes Sold Year to Date in Pocono Summit PA for 2014 is 20 compared to 15 for 2013.  A 33% increase. Very nice..

 

This month makes 18 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 April 2014 in the Poconos are:

 

  • The Average Days on the Market was 109.
  • The Sale to List Price Ratio was 92%.
  • The Absorption Rate is 12 months
  • The Number of Pending homes is at 8
  • The Number of Active Listings is 46, up 12% from last April



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 March 2014

Pocono Summit PA Real Estate Market Report for February 2014


Poconos Real Estate Market Trends for April 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    

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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 3 commentsBobbie Smith • May 14 2014 05:47AM

Comments

Bobbie,

Nice report on the Poconos Summit real estate market.  Wishing you a wonderful Wednesday, Cheers, A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 4 years ago

Bobbie: Positive sales numbers once again for the Pocono Summit real estate market. Good to see so many distressed homes leaving the market too.

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

Thanks for the Pocono Summit real estate update, Bobbie.  Looks like the activity is certainly picking up.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 4 years ago

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