Suburban Philadelphia Real Estate News

head_left_image

Delaware County PA Home Sales Update

The Delaware County PA real estate market continues to see rising sales with solid and slightly rising prices.

As we head aggressively into the 2018 Spring market in Delaware County PA, this is a good time to take a look at last year and the trends for 2018.

For the entire 2017 year throughout Delaware County, there were 10,391 properties listed for sale,Chester Heights Delaware County PA 7,439 properties sold with an average sale price of $267,000, and homes were on the market an average of 59 days.

In 2016, there were 10,510 properties listed for sale, 7,012 homes sold with an average sale price of $258,000, and they were on the market for an average of 70 days. This indicates a 6% increase in sales and a 3.5% increase in average price from 2016 to 2017.

For more perspective, if you go back five years to 2012, there were 9,686 properties listed for sale, 5,083 properties sold with an average price of $253,000, and they were on the market an average of 93 days. Between 2012 and 2017 these numbers represent a 7% increase in listed properties, an average 5.6% increase in sales price, a 36% decrease in days on the market, and a solid 46% increase in sold properties.

These are average numbers for the county and individual townships vary quite a bit, but these numbers demonstrate the increasing strength throughout the area. We have continued to see strength through the beginning of 2018 and expect if to continue through the Spring 2018 market.

David Henke
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

 (All statistics per the TrendMLS System and believed accurate but not guaranteed)

 
Comment balloon 0 commentsDavid Henke • February 26 2018 01:09PM
Delaware County PA Home Sales Update
share
The Delaware County PA real estate market continues to see rising sales with solid and slightly rising prices. As we head aggressively into the 2018 Spring market in Delaware County PA, this is a good time to take a look at last year and the trends… more
Home Sales Continue to be Strong in 3 County Area
share
Quick update to my August 3 sales update: All three counties continue to have strong sales with Chester County just barely leading the way. Chester County now has 5, 305 settled sales year to date (up 4% from 2016 and 39% from 2012). New Castle… more
Delaware County PA Home Sales Continue to Improve
share
Delaware County PA home sales continue to improve in 2017. It just keeps getting better. As of April 5, 2017 throughout Delaware County, there were 2312 properties on the market, 1050 under contract, and 1312 properties have settled since the first… more
Sunday Open House at 213 Hansell Rd Newtown Square PA 19073
share
Open House this Sunday from 12:00-2:00 May 15 at 213 Hansell Rd Newtown Square PA 19073. Located in the popular Greene Countrie area of Newtown Square, 213 Hansell Rd is a stately 4 bedroom, 2. 5 bath home located in a park like setting. Listed by… more
Happy Memorial Day 2013
share
Happy Memorial Day 2013 Take some time to remember, relax, and enjoy the holiday weekend. David HenkeLong & Foster Real Estate, Inc - Devon, PA/Wilmington, DE Office: 610-225-7400/Direct:610-618-0808 www… more
Condominiums Go Upscale In Delaware County PA
share
Average condominium prices continue to rise in Delaware County PA. An interesting trend is appearing in the Delaware County sales statistics, average condo prices have continued to rise even as activity has slowed. Delaware… more
Newtown Square PA Real Estate Market Update
share
After a steep real estate decline in 2009, prices and activity for Newtown Square homes appear to be on the mend. In Newtown Square a decade ago, the average sales price for a home was $375, 000 with a top price of $2, 028, 000… more
Where are we now? Delaware County PA Sales Statistics
share
So now that the tax incentives have expired and the bulk of the settlements did make their original June settlement date goals, where are we today? Overall it looks like the tax incentives shifted the timing of many purchases but did not… more
Still Have Questions? - The 2010 Homebuyer Tax Credits
share
Still wondering if now is the time to buy? Confused on the available tax credits? Questioning future interest rates? Today: - The $8000 Tax Credit For First-Time Homebuyers has been extended. - A New $6500 Tax Credit is available for… more
Merry Christmas & Happy Holidays!
share
MERRY CHRISTMAS! Take this holiday to spend some time with your friends and family. Enjoy all the season has to offer. And Have a Very Prosperous and Happy New Year! more