Learn More About Bucks County

People from out of the area frequently ask me about the characteristics of Bucks County and what there is to do here.  The topic is so broad that my response can only hit the highlights.  Here is a great website that provides considerable detail on that subject: 

http://buckscountyalive.com/events/ShowEvents.cfm?webname=bcalive

If you currently live in the area, it's a great website to learn about local services and  special events in the area.  For families with children, the current scarecrow competition at Peddlers Village is a nice activity.  

 

For art lovers, the annual juried art show at Phillips Mill showcases some of the best art currently being produced by local artists.

 

Bucks County Home Sales Statistics Through August 2012

The Bucks County Residential Real Estate Market appears to have bottomed out and is now showing signs of improvement.

Statistics for August 2012 vs. August 2011 show an 8.7% drop in the number of homes for sale and a 23.9% increase in the number of homes that settled.

Sale price information is less conclusive.

Figures for 2012, as compared to August figures for 2011, would suggest prices have risen by 7.4%; however, year to date figures for the first eight months of 2012 compared to the first eight months of 2011 show a very slight decrease in prices. Different periods of time produce notably different figures.

Home prices have leveled out but cannot be expected to rise quickly.  The unprecedented rise in home prices between 2000 and 2006 was artificially created by loose lending practices.  We cannot expect home values to again reach their 2006 levels for many years to come.

Now is a great time for buyers to purchase a home.  Mortgage interest rates are extremely low and home market prices do not seem to be getting any lower. For those waiting for the market to bottom out, this may be it.