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Chester County Real Estate Statistics: September 2015
Best Deals of the Year…. Fall is here and the Autumn cool brings with it a real estate market that has some great opportunities. This is the time of year that buyers can usually find the best deals....
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Chester County Real Estate Statistics: October 2015
SIGNS OF A SHIFT… It seems that Autumn came and went very quickly, with the leaves turning and falling in the matter of a week or two. As the leaves changing and falling are a sure sign of the change...
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Chester County Market Statistics: Jan 2015
Cut Throat and Competitive… That’s the words for this approaching spring market, at least for buyers. Buyers, as we will touch on, are entering a 3rd year of a very competitive market where every...
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Chester County Real Estate Statistics: November 2015
TIS THE SEASON! As many people prepare to celebrate the holidays, the market tends to see a slow down. This season is no exception. It is unique in that the market is still seeing multiple offers in...
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Chester County Real Estate Market Stats: December 2015
WARMER TEMPS DON’T HELP SALES Despite having one of the warmest Decembers on record, it didn’t help home sales. December sales were down compared to last year and there are a few other signs of a slow...
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Chester County Real Estate Statistics: January 2016
MISSING: Homes for sale…. That’s pretty accurate. Many buyers right now are just sitting and waiting for a good home to come up for sale. The market is desperately in need of some good homes to sell....
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Chester County Real Estate Market Stats: May 2015
THE FIRE STILL BURNS. . . The market continues to move at a very rapid pace in most parts of Chester County, appraisals continue to be an issue, rates continue to be low. For how long, who knows....
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Chester County Real Estate Stats: June 2015
RECORDS BROKEN… BUT IS A SHIFT COMING? Real estate markets run in cycles, typically about 7 year cycles. They are measured from peak to peak. The last peak in Chester County was roughly 2005/2006....
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Chester County Real Estate Statistics: July 2015
JULY WAS HOT… THE MARKET STRONG. Last month we brought up the idea that a downshift may be coming in the market. While that still may be true, our local market shows no signs of slowing. In fact,...
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Chester County Market Statistics: February 2016
WHO TURNED ON THE LIGHTS? A flip was switched about a week or two ago. The market turned on. We have had more calls and offers being written and submitted than the last 3 months. The market has...
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Chester County Real Estate Market Stats: March 2016
MARCH MADNESS!! “We have already received 3 offers on this home. If you want to submit an offer, we need it by 6 pm tonight”. That’s a pretty typical situation that a lot of buyers find themselves in...
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Chester County Real Estate Market Statistics: April 2016
IT FEELS LIKE 2005 In 2005, the market in this area was at it’s peak with a lot of multiple offers and prices rising every day. While we can’t say prices are rising at the same rate (thank you...
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Chester County Real Estate Market Stats: May 2016
Economics 101… This review is a simple lesson in supply and demand. When supply is up, price goes down. When demand is up and supply is down… Anyone want a Tickle-me-Elmo? That’s exactly what we are...
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Chester County Real Estate Stats: June 2016
THE PRESSURE CONTINUES…. The lack of inventory continues to be a thorn in buyers sides, but is definitely boosting values and what sellers can ask for. With rates renewing their drop into the mid and...
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Chester County Real Estate Market Stats: July 2016
OVER THE HUMP…. June is typically the height of the market, as far as closings go, and this year will be no different. There was very little “out of the ordinary” that happened in the market last...
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Chester County Real Estate Market Statistics: August 2016
Like a freight train… The numbers remain very strong, showing no signs of weakness or slowing down, at least overall. In many ways, this was the best August we’ve had in over 12 years. Let’s look at...
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