Real Estate Market Statistics for October 2013

The October 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 October 2013, settled single family homes were up 16.75% from last year!  The average sales price in Montgomery County came in at $322,000 up 3.21% from the previous year. Looking at our surrounding counties, Bucks County was up 22.71% in settled single family homes at an average of $334,000, Chester County was up 15.98% at $359,000, Delaware County up 13.85% at $269,000 and lastly Philadelphia County was up 19.11% at an average of $179,000.

Narrowing in to our local Lansdale Boro, 10 single family homes settled in October 2013 for an average of $203,390.  Out of those 10, the majority (7) were 3 bedroom homes selling for an average of $222,000.  As of October 2013, 21 homes in the Lansdale Boro are currently under contract, with the majority of those 21 selling within their first 30 days on the market!  The Real Estate Market is moving in the right direction!  Are you thinking about buying or selling, contact Coldwell Banker Realty Corp for an extensive analysis of your home's market conditions and a FREE home valuation!