Real Estate Market Trends in Tannersville PA - October 2014

Real Estate Market Trends in Tannersville PA -  October 2014

 

Is it a great time to sell your home in Tannersville? You Bet It Is!

tannersville pa real estate market report - October 2014

AVERAGE SOLD PRICE OF HOMES IN TANNERSVILLE:

 

The Average Sold Price of homes in Tannersville PA for October 2014 was $177k DOWN 1% from $179k for October 2013 and UP from $138k for September. Up month to month is good.

 

The Average Sold Price for Monroe County in October was $137k and 33% of those sold were Foreclosures. Still, a way too high foreclosure rate in the Poconos.

 

NUMBER OF HOMES SOLD IN TANNERSVILLE:

 

The Number of homes sold in Tannersville PA for October 2014 was 8, UP 166% from 3 for October 2013 and UP from 2 for September. YES! A trend we love to see.

 

No foreclosures were sold in the Tannersville Real Estate market for October. YEAH!

 

The Number of Homes Sold in Monroe County for October was 267. A Great Number!

 

YEAR TO DATE STATS FOR TANNERSVILLE PA:

 

The Average Sold Price year to date for 2014 in Tannersville PA is $153k, DOWN 6.8% from $164k for 2013.

 

The Average Sold Price in Monroe County year to date is $132k, DOWN 3% for the year.

 

The Number of Homes Sold year to date in Tannersville PA for 2014 is 57 homes, UP 33% from 43 for 2013. Great News!

 

The Number of Homes old in Monroe County year to date is 2012 homes.

 

More Important Statistics to consider in the Tannersville PA Real Estate Market Report for October 2014 are:

 

  • Absorption Rate: 16 months

 

  • Average Days on the Market: came in at 356 days this month

 

  • Pending Listings: 6

 

  • The Sale to List Price Ratio: approximately 91% this month.

 

  • Number of Active Listings: currently there are 84, down 4% for the year

 

In Summary, this review of the Statistics in the Tannersville PA Real Estate Market indicate a recovering market. Demand is up, Pending homes are staying steady, The Absorption rate is down by 17% and the Active Listings are down.  To be in a Balanced Real Estate Market the Absorption Rate needs to be around 6 months.  For 24 months in a row the demand has been on the Increase and the Number of Homes for sale has been on the Decrease. All Key Indicators of a Recovering Market!



It is a great time to sell your home in Tannersville PA.  Fewer homes for sale means less competition for your home equaling a better chance of selling your home in Tannersville PA. When looking for a Real Estate Agent in Tannersville PA give Bobbie and RE/MAX of the Poconos a call for a FREE Market Analysis and getting your home found everywhere online.


THE BENEFITS OF SELLING YOUR HOME IN WINTER

Tannersville PA Real Estate Market Report - September 2014

Poconos Real Estate Market Report - October 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 8 commentsBobbie Smith • November 20 2014 05:47AM

Comments

Hi Bobbie your Real Estate Market Trends in Tannersville PA is complete and an interesting view of the area. Maybe a  little more choice on inventory is called for, your level of expertise is sure to show buyers and sellers that you are the Professional Realtor who can make it happen.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 3 years ago

Bobbie: Very good real estate report for the Tannersville PA market. With sales up, it is a good time for consumers to call you and get their home on the market.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 3 years ago

Bobbie, Good news that sales are up over last year and hopefully it will continue through the holidays.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 3 years ago

Thanks for the Tannersville PA market update, Bobbie.  Slowly, but surely it is heading in the right direction.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 3 years ago

Hi Noah, Thanks. We are on the road to a better market, slow but sure

Posted by Bobbie Smith, 570-242-1891 over 3 years ago

It is a good time to get your home on the market in Tannersville Anita. Thanks

Posted by Bobbie Smith, 570-242-1891 over 3 years ago

We sure hope so Debbie. Thanks.

Posted by Bobbie Smith, 570-242-1891 over 3 years ago

Slow but sure is right. We need some robust in our marketplace. I'm getting impatient with the turtle pace of recovery. LOL Thanks.

Posted by Bobbie Smith, 570-242-1891 over 3 years ago

Participate