After signs of great growth, the fall in prices and the rise in sales activity is a good thing. It shows that buyers and sellers are starting to agree more often on a price.
The up swing in sales amid falling prices shows that the market is beginning to work once again, which is usually an early indication that a bottom in prices is starting to form.
Home Buyers, as the real estate market changes, you have a better chance to buy at lower prices. Prices are the driving motivation for potential first time homebuyers with 85% saying they consider current home prices affordable and 73% citing that taking advantage of current prices is a major factor in their decision to buy.
Home Sellers, in this changing market, now is the time to re-evaluate your home price and marketing. It is very important to be current with the local sales in your area. The projection is that there maybe modest increases in the average price and increases in the days on market. This projected increase is based upon the still historically low mortgage rates.
Location Characteristics: In 1682 William Penn established Chester County as one of three original counties in the Pennsylvania Colony.Chester County is 762 square miles or approximately 487,500 acres in size. The highest elevation is 1071 ft. in the Welsh Mountains in Honey Brook Township. The lowest elevation is around 70 feet along the Schuylkill River at the Montgomery County line. The County was created by William Penn in 1682 as one of the three original counties of Pennsylvania. people. There are five County parks (Hibernia, Nottingham, Warwick, Springton Manor, and Black Rock Sanctuary) and two County trails (Struble and Chester Valley). There are also many Federal, State, and municipal parks. There are 168,165 acres of farmland and 1,918 farms in Chester County according to the 2002 U. S. Census of Agriculture.
About Jacquie Testa:
I have over 20 years experience buying and selling real estate on the Main Line and the greater Philadelphia metropolitan area. As a Prudential Fox & Roach agent, I have access to the best listings, resources, and support services in the business. Real estate is my full-time job. My clients get my undivided attention and all the advantages offered by a realtor with a successful track record matching buyers and sellers regardless of the market. I get results.
Customizing a search to meet your requirements or listing your home to assure maximum exposure starts the process and the clock on your real estate transaction. Before and after a deal is made, there are countless tasks, inspections and documents to handle. I oversee every task and coordinate each detail with my full service team to ensure that your real estate transaction is financially sound and completed as smoothly as possible. Every step along the way, I protect your personal privacy and handle your business with utmost confidentially. Whether you’re buying or selling or just thinking about what to do next, I am very interested in meeting you to discuss your real estate needs. Call me at 610-608-6886 or complete and send the email below to begin the conversation that could lead to your most successful real estate transaction ever!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
