Market Conditions for Chester County, Pennsylvania
Reported by Ruth Parker, REALTOR, e-Pro Specialist
Updated January 20, 2012.
Current Market Rating: 2
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Buyer's
Seller's
Current Price Trend: 3
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Falling
Rising
Interest rates have gone down lower still. Add that to the depleted market over the winter months, you are left with an unequaled opportunity for home buyers and investors!! Foreclosures, short sales and distress sales are everywhere, scattered among the other homes on the market that are not distress sales. This is causing the market values to be dragged down for all homes, not just the ones the banks are selling or allowing to be sold short (called short sales). The list pricing is still needing to slide down ahead of the declining market if they hope to sell at an acceptable appraised price. I have seen many beautiful homes take a hit because the house next door was a distress sale. Can be frustrating but that is why you need a sharp agent who has made the shift to the "new" state of affairs. To see a local market report for Chester County or any part of it, fill in the form here and a monthly market report will be sent to you, free and no obligation. http://Ruth-Parker.net
ZIP Codes: 19335, 19320, 19380, 19382, 19365, 19355 Approximate Location Boundaries: Chester County located West of Philadelphia County
Location Characteristics: Areas closer to Philadelphia and towns along the Septa train lines (Rt. 30) are more populated. Chester County is home to many families who work in Philadelphia but want to live in a more small town, rural setting.
About Ruth Parker:
Realtor Ruth has been helping buyers find homes and sellers successfully pricing and marketing their homes for more than 12 years in Chester County. She is a part owner of a Keller Williams Realty Midway office in the western Chester County town of Thorndale. The Midway office stands for the values that Ruth holds dear: Finding common ground between two extreme points of interest. If there is a way to bring satisfaction to a seller whose home is being foreclosed and a buyer who needs to find a home for himself or his family within the confines of his tight budget, that is success to Ruth. She and her husband live in the scenic hills north of Coatesville. Shrewd and energetic, she works hard to elevate individuals by instilling hope and encouragement. Call her to help you with your Homework.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
