Real Estate News and Advice
October 12, 2008
Learn the Art of the Short Sale Today's Insider REALTOR Secret


Search Realty Times
 















NEED HELP?

Click for Live Support


Call: 214-353-6980



  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Blue Bell, Pennsylvania

Reported by Joann Scaduto, ABR, CRS, GRI, RECS

Updated October 9, 2008.

Current Market Rating: 2




1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 2




1
2
3
4
5
Falling

Rising

There were 61 residential units listed in Whitpain & Lower Gwynedd Townships in September with 19 sold units. The average sold/settled price was $426,773 with the highest sold price at $1,704,290.

Lawrence Yun, NAR chielf economist, indicated that dales have been rising & falling within a narrow range. "The vacillation of data from one month to the next indicates a housing market in transition," he said. "The rise in pending home sales was broad-based with all four regions showing gains. This is welcome news because a rise in contract activity is necessary for an overall housing recovery. With a tax credit now available to first-time home buyers, increases in home sales could be sustained with the momentum carrying into 2009."

Home prices did not fall as much as anticipated int he 2nd quarter according to Yun. "Buyers entering the hardest-hit markets, in some cases with multiple-bid offers, may have put a floor on prices," he said. Home prices are estimated to increase 3-6 % in 2009.

"Builders need to further cut production to help trim inventory. However, new-home sales are expected to bottom around the second quarter of next year with slight gains in the second half of 2009," Yun said. New-home sales are projected to drop 8.8 % in 2009 from this year.

ZIP Codes: 19422, 19002, 19477, 19437, 19436

Location Characteristics: Residential, suburban community with award-winning Wissihickon School District.

For More Information:

View Market Conditions of other areas served by Joann Scaduto

Navigate: Top > Pennsylvania > Blue Bell

About Joann Scaduto:
Committed to client service by listening, consulting, and negotiating.
Licensed full time Realtor since 1989, Joann strives to exceed expectations.
With extensive working knowledge of resale properties as well as new construction, Joann is an experienced relocation specialist. Joann's knowledge of FHA & VA financing benefits first-time buyers and military buyers.
Providing superior real estate representation, Joann offers insight, expertise, & assistance in searching for, buying or selling homes in Montgomery County and Philadelphia suburbs.
To obtain an accurate interpretation of any online real estate data, please call or e-mail Joann Scaduto, ABR, CRS, GRI, e-PRO, RECS.



These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.





Mortgage Rates
30 Year Fixed: 5.94%
15 Year Fixed: 5.63%
1 Year Adj: 5.15%
(U.S. Weekly Averages)

Today's Headlines

Exclusive Leads In Your Market




Agent Publicity | Local Market Conditions | About Realty Times | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2008 Realty Times®. All Rights Reserved.