All real estate trends are local and the national statistics on which the media focuses can be deceiving.
The number of homes sold in Upper Makefield increased during June and July, 2014 but the total number sold for the calendar year through July is slightly below the number sold during the same period in recent years.
As of July 31, there were 129 single family homes for sale in Upper Makefield. The average listing price was $1.1 million; however, only seven homes sold for over $1 million from January 1 through July 31, 2014.
Sales activity was stronger for more affordably priced homes located primarily in Washington Crossing with the most sought after price range being between $500,000 and $650,000.
This chart shows the number of single family homes sold in UMT for the first seven months of recent calendar years.
Average Increases and decreases for Upper Makefield sale prices are not a reliable measure of market trends because too few homes sell in the township and, average home prices fluctuate greatly when a few luxury priced homes sell.
Market trends can be determined by county wide sales information which show an increase of 1% during the first seven months of the calendar year, or by sales information for Lower Makefield Township which show and increase of .3%
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