November 2013 Real Estate Market Statistics

The November 2013 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 in November 2013, settled single family homes were up 13.88% from last year.  The average sales price in Montgomery County came in at $322,000 up 4.21% from the previous year.  Looking at our surrounding counties, Bucks County was up 19.03% in settled single family homes at an average of $333,000, Chester County was up 13.64% at $359,000, Delaware County was up 12.52% at $267,000 and lastly Philadelphia County was up 16.79% at an average of $178,000.

Narrowing in to our local Lansdale Borough, 16 single family homes settled in November 2013 for an average of $241,480.  These 16 homes sold for an average of 99% of their original list price!  Out of those 16, the majority (13) were 3 bedroom homes, and the rest (3) were 4 or more bedrooms.   Year to date 154 homes have sold in the Lansdale Borough.  Are you thinking of buying or selling, contact Coldwell Banker Realty Corp for an extensive analysis of your home's market conditions and a FREE home valuation!