The May 2014 Real Estate Market Statistics (provided by TrendMLS) are now officially posted for all our local counties: Bucks, Chester, Delaware, Montgomery, and Philadelphia. Year to date for Montgomery County settled single family homes were down 8.84% from last year. The average sales price in Montgomery County came in at $309,000 up .32% from the previous year. Looking at our surrounding Counties, Bucks County was down 3.64% in settled single family homes with an average sales price of $324,000, Chester County was down 8.98% at $351,000, Delaware County was down 8.68% at $249,000, and lastly Philadelphia County was down 10.62% at $180,000.
Narrowing in to our local Lansdale Borough, 12 single family homes settled in May 2014. Out of these 12, 3 were 4 or more bedroom homes, 8 were 3 bedroom homes, and 1 was a 2 bedroom home. The average sales price of these settled homes was $225,290. As of May, 27 single family homes are under contract. Are you thinking about buying or selling a home? Contact Coldwell Banker Realty Corp for an extensive analysis of your homes' market conditions and a FREE home valuation!
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