Lower Makefield Home Sale Statistics

The number of single family homes for sale as of September 30, 2012 significantly decreased by 26.7% compared to the number of homes for sale on that date in 2011.   Some of the decrease is due to fewer sellers listing their properties, but there was also a 7.2% increase in the number of sales during the first nine months of 2012 compared with the same period in 2011. These factors decreased the number of available homes.

Prices are stabilizing.  The listing price as of the end of September was down .6% compared to the end of September 2011.  The average listing price for a home in Lower Makefield is now $470,000 compared to $473,000 for the prior year.

No one is predicting that prices will reach their 2006 levels in the near future, but the current signs indicate the market is stabilizing.

The following chart shows that the number of sales for 2012 has been fairly good compared to the number of sales for prior years.

Lower Makefield Home Sales Through 7/30/12

The number of homes sold in Lower Makefield Township in 2012 has significantly increased as compared to the number sold during the same time period in 2011. 

Check out this chart to see the monthly and yearly changes in home sales in Lower Makefield Township.

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%.





Lower Makefield Township Home Sales Statistics

Lower Makefield Township Home Sales Statistics through November 30, 2011 are now in.  Here are facts in a nutshell for single family home sales:

·         The number of homes on the market increased 5.2% in the past year from 194 in November, 2010 to 204 in November, 2011.

·         The average price of homes for sale decreased 2.2% from $499,000 in November, 2010 to $489,000 in November, 2011.

·         The number of homes sold during the the first eleven months of 2011 decreased 10.3% from 291 in 2010 to 261 in 2011. 

·         The average sold price to original listing price percentage was 93% for the first eleven months of 2011 and 92% for the first eleven months of 2011.

The statistics indicate we are in a buyer's market as compared to Lower Makefield Home Sales Statistics for prior years.

	2011	2010	2009	2008	2007
JAN	15	16	14	21	18
FEB	13	11	8	12	22
MAR	22	23	12	14	28
APR	16	28	14	18	25
MAY	23	29	18	23	23
JUNE	38	57	31	39	46
JULY	26	24	34	30	56
AUG	31	39	36	31	37
SEPT	36	26	24	23	30
OCT	15	16	24	19	35
NOV	24	22	25	7	31
DEC		14	15	14	28

 Source:  Coldwell Banker Hearthside Realtors Market Research and TRend MLS Data

  Homeowners wishing to sell their homes should understand current market conditions and not expect to sell their homes for prices that homes sold in their neighborhoods at the peak of the housing bubble. For buyers, home prices and interest rates make homes quite affordable compared  to prior years.