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Pennsylvania Real Estate

Jan 1, 2008
Investing in Pennsylvania real estate puts you close to the heart of the US both the government and the historic start of the nation. This provides a number of great opportunities for people looking to move into this area.

The Buckingham area has more buyers looking than sellers selling, however due to costs, the average price of a home is $550,000; homes are sitting on the market for 90-120 days. This price is down between 10 and 15% from last year. There is a good inventory in all price ranges and sellers are getting between 90 and 95% of their asking price. There are no multiple offers currently being made in this market and repeat buyers show the greatest activity in this area of Pennsylvania real estate.

The Mavern Pennsylvania real estate market has more sellers than buyers and is located near Philadelphia. Homes are sitting on the market between ninety and one-hundred twenty days with an increasing market trend and a good inventory on the market. Housing prices are averaging at around $400,000. Compared to last year housing prices are down somewhere around five percent with sellers getting 90-95% of their asking price and no repeat offers. The job is market is what is driving this Pennsylvania real estate market and first time buyers hold the greatest activity level.

The Chadds Ford Pennsylvania real estate market is located near Philadelphia with more sellers than buyers in this market. Homes are sitting for somewhere between 90-120 days between their listing and closing. The market trend however is increasing and there is a solid inventory in all of the available price brackets. The average home is selling for about $400,000, which is down nearly five percent from last year. Sellers are receiving ninety to ninety-five of their asking price and there are no multiple offers. Job growth is behind the market and first time buyers are showing the most activity for this area.

Job growth is also behind the Kennett Square Pennsylvania real estate market. This area is located near Brandywine Valley and has more sellers than buyers. Homes are in good supply and are sitting on the market for only 60-90 days before closing. The average price is $350,000 with no change from last year's numbers. Sellers can look forward to receiving 90-95% of their asking price and first time buyers are showing the most activity.

Feasterville-Trevose Pennsylvania real estate is another market to check out if you are looking into investing in Pennsylvania real estate. There are more sellers than buyers in this market with homes staying on the market for between 60-90 days. The market trend is decreasing with a good housing inventory. Prices are down nearly ten percent to $300,000 with sellers receiving only eighty-five to ninety percent of their initially listed asking price. There are multiple offers and first time buyers as well as population growth are what are moving the market in this area of Pennsylvania real estate.
There are a variety of online and on paper resources that can provide you with up to date information on the real estate markets and help you determine the best time to invest.
About the Author
Tom Beaty offers Pennsylvania Real Estate information for buyers and sellers. Don't buy or sell without visiting this Blog or it could cost you: pennsylvania real estate
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