Market Conditions for Chester County, Pennsylvania
Reported by Ruth Parker, REALTOR, e-Pro Specialist
Updated August 5, 2009.
Current Market Rating: 2
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Buyer's
Seller's
Current Price Trend: 2
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Falling
Rising
Area has pockets that have suffered more than others with foreclosures. Many areas have low unemployment and high job security. Therefore, homes have not sold for reduced prices as sharply as in other areas of the state. This summer has shown an increase in buyer activity with pendings rising sharply. As is typical in spring and summer markets, many sellers are joining the ranks of actives hoping to capture the buyers and lower interest rates. The main difference in this spring -summer market for the sellers is that they have been listing for less by 9%- 13% from last year.
ZIP Codes: 19335, 19380, 19320, 19382, 19372 Approximate Location Boundaries: Lancaster on the west, Reading on the north, Philadelphia on the east
Location Characteristics: Wonderful mixed environment with rural areas providing some of the lushest, most productive farmlands in the state and other areas that have shopping malls, corporate centers, state transportation highways and railways linking Chester County with Philadelphia. Chester County lies 40 miles from Center City one way and 40 miles to Lancaster the other.
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 recently opened 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. The House of His Creation, of which Ruth is the Chairman of the Board for, is located in the hills south 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.
