Bucks County Year to Year Home Sale Statistics

The Bucks County real estate market is improving, but prices are not expected to rise very much in the near future. Prices are now at the levels they were at in 2004.  That is an average, however.  Homes that have been remodeled, maintained well and have the features that are currently attractive to buyers sell for more than do older homes that have not been updated.  

Here's a chart showing the annual appreciation/depreciation rates of single family home prices in Bucks County since 2002.  Price figures indicate thousands.



In general, prices for luxury homes have fallen more than prices for homes more affordable homes.

Upper Makefield Township Home Sales Statistics

Statistically speaking, there are too few homes in Upper Makefield Township to draw definite conclusions, but the information for the first six months ending April 30, 2012 supports the county wide trend that the real estate market is improving.

Here are the Upper Makefield home sales statistics reported by Trend MLS for the six months ending April 30, 2012 compared to sales information for the same period in 2011.  

Homes are selling faster in Upper Makefield than they were a year ago.  Most homes in the Washington Crossing section of Upper Makefield were priced between $400,000 and $600,000 and that price range showed the greatest improvement

The Local Real Estate Market is Improving

Bucks County home sales statistics through April, 2012 have been released by the local MLS service .  It appears the the local real estate market is improving

Compared to last April, the number of homes sold is up 23%.  The number of homes pending settlement, under agreement of sale, is up 17.5%.  The only statistic that did not show improvement was an increase in the number of days homes were on the market before selling which increased by 8.6%.





Great Time to Buy a Home

The real estate market in Bucks County appears to be picking up.  There has been an increase in the number of sales during the first few months of this year compared to the number of sales during the same period last year.  Real estate agents are finding themselves very busy. With prices lower than they have been for eight or nine years, it is a great time to buy.

Check out this week's interest rates.  With rates this low, buyers are finding they can afford more expensive homes than they could a year or two ago.

If you are, looking for a new home, I will be happy to help you.