How Have Home Sales in Upper Makefield Differed by Price Range?

It has been a challenging year for home sales in Upper Makefield.  Luxury priced homes priced over $1 million were particularly affected. Luxury priced homes stayed on the market longer and sold at deeper discounts than homes in other price ranges. 

Homes in Washington Crossing with prices from $400,000 to $600,000 fared much better.  If they were in good condition, had been updated and priced correctly, they sold reasonably quickly and for prices closer to the listing price than homes in other price ranges.

   

Price Range	# Listed	# Sold	% Sold/Listed	Average List Price*	Average Sold Price	% Sold Price/List Price	Average # Days on Market**
$10,000-$400,000	18	16	88.9%	$380,012	$331,812	87.3%	147
$401,000-$600,000	63	32	50.8%	$549,992	$498,290	90.6%	108
$601,000-$800,000	19	8	42.1%	$761,500	$688,462	90.4%	163
$801,000-$1,000,000	24	14	58.3%	$1,006,985	$893,035	88.7%	176
$1,001,000+	51	16	31.4%	$1,873,682	$1,447,120	77.2%	266
Source: MLS TRenD
*  Average List Price is the price when the home was first put on the market under the listing agreement that was in effect at time of sale.  Often the list price is reduced during the contract period. If the list price were reduced, it would not be reflected in this number.  If the home were previously listed with a different agent, the listing price with the former agent would not be provided.
** # Days on the Market indicates the average number of days homes were listed under the listing agreement that was in effect at time of sale.  If a home were previously listed, but off the market for 30+ days, the prior marketing period would not be included in this number.  If you are thinking of selling your home, it is important to be realistic.  Home prices have come down and buyers are well educated when it comes to home values.  Pricing your home competitively  is crucial in this market if you wish to sell a home.