Bucks County Home Sale Statistics Thru 9/30/12

What a difference a year makes!

The number of single family homes sold in Bucks County during September, 2012 was significantly higher than for September, 2012. The number of homes for sale decreased by 10.3%.  The following chart, provided by TrendMLS shows the statistics

 

It is still a buyers' market, but sellers are gaining more leverage with the decrease in the number of homes on the market.

Prices have not risen. In fact the average sale price of single family homes in Bucks County during the first nine months of 2012 was $275,000 compared to $280,000 during the same period in 2012.

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.