Pocono Summit PA Real Estate Market Report - May 2014

Pocono Summit PA Real Estate Market Report - May 2014

 

Pocono summit pa real estate market report - may 2014 



THE AVERAGE SOLD PRICE OF HOMES WAS:

 

The Average Sold Price of homes sold in Pocono Summit PA for May was $75k versus $182k for May of 2013.

 

NUMBER OF HOMES SOLD:

 

The Number of Homes Sold in Pocono Summit PA for May was 2 versus 1 for May 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 Report:

 

The Year to Date Average Sold Price in Pocono Summit PA for 2014 is $85K compared to $115k for 2013. We have to remember that foreclosures accounted for 35% of the sold homes in Monroe County for May. With a rate that high it is hard to realize an increase in the average sold prices.

 

The Number of Homes Sold Year to Date in Pocono Summit PA for 2014 is 22 compared to 16 for 2013.  A 37% increase. Very nice.

 

This month makes 19 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 May 2014 in the Poconos are:

 

The Average Days on the Market was 172.

 

The Sale to List Price Ratio was 80%. (too low)

 

The Absorption Rate is 14 months

 

The Number of Pending homes is at 4, double for April 2013

 

The Number of Active Listings is 53, up 12% from last May



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!



Poconos Real Estate Market Report for May 2014

Pocono Summit PA Real Estate Market Report for April 2014

Pocono Summit PA Real Estate Market Report for March 2014

Pocono Summit PA Real Estate Market Report for February 2014

 

Pocono Summit PA Real Estate Market Report - May 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 11 commentsBobbie Smith • June 18 2014 03:57AM

Comments

Good morning, Bobbie....I love your market report.... buyers and sellers in the Poconos of Penn should appreciate this well researched information....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) about 4 years ago

Thanks for the update for the Pocono Summit real estate market, Bobbie.  Mostly positive news.  Prices should start increasing very shortly with this kind of activity.

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

Good morning Bobbie, expertly done Pocono Summit PA market report. In my are sales are down 30% from last year. I am work twice as hard to make it happen with low inventory. I bet 2014 is going to be a great year for all when it is all said and done.

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

Terrific info. Have a great day ahead and a successful week.

Posted by David Saks about 4 years ago

Bobbie: You have covered all the bases with this excellent analysis of the Pocono Summit real estate market. Nicely done!

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

Hi Barbara, Thank you. I sure hope consumers can use the info.

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

Hi Gabe,  A little compact compared to your great reports but hopefully it offers enough info. Thanks.

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

Noah, I am sorry to hear that. April and May sales were slower than many previous months here. Hope your area picks up soon.,

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

Hi David, Appreciate you stoppin by. Thanks.

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

Hi Anita, It is always a pleasure to have you comment. Thank you. I do appreciate it.

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

Bobbie, I am glad that the trend is continuing upward and that you are closing the gap. I love your creative graphs and think they are very eye-catching.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 4 years ago

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