Bucks County
Bucks County’s Town & Country Real Estate
New Market Trends
by Dan Spirer
Economic trends also project a strong residential resale market as well as a robust residential new construction market
The dynamic summer months are introducing new trends to the Bucks County real estate market.
Data and economic trends point to an exciting and active real estate market for this year’s sellers. In this article, we’ll discuss how these trends are affecting hopeful buyers that want to break into the Bucks County area.
Bucks County Association of Realtors, Bucks County has seen a 4.4% increase in the median sold price for residential properties from May to June Bucks County Association of Realtors and a 6% increase over the past year.
Buyers can now expect to pay 100 percent of the seller’s ask-
ing price, or in some cases, over the asking price. Many homes are spending a mere average of seven days on the market before being sold without any contingencies.
This points to two trends that have persisted over the past few years: low inventory and rising prices. Low inventory results in a quick sale period and, paired with high demand, drives doubledigit growth in prices.
Economic trends also project a strong residential resale market as well as a robust residential new construction market. With inflation unexpectedly spiking in the first quarter of this year, expectations for interest rate cuts were terminated. However, inflation now appears to be dropping, and there is a real possibility of
Meg Roth
Linda Strasburg
Linda Kilroy
Chris Stevens
Todd McCarty
Janice Iaquinto Melanie Rush
Heather Walton
Cyndi Zglenski
Marie Kovach
Sherri Belfus Kracht
Scott Strasburg
Scott Matlack
Pat Foley
Kimberly Weinhold
Tim Schultz
Carrie Lager
Glenn Nemath John Zygmont
interest rate cuts this year from the Federal Reserve Bank. This may in turn reduce mortgage rates, thereby accelerating buyer options.
Despite the bright seller outlook, the steady appreciation of listing prices makes Bucks County homes unaffordable for many. According to Berkshire Hathaway HomeServices Fox & Roach, Realtors, Bucks County saw an 8% increase in the average price per square foot over the past 6 months, from $430,000 to $506,000. The Suburban Realtors Alliance and the Bucks County Opportunity Council Needs Assessment indicates “71% of respondents named affordable housing as the leading challenge facing Bucks County.”
The summer of 2024 has brought unique surprises for buyers, sellers, and their mortgage representatives. Limited inventory yielding rising prices highlight the exciting and active real estate market that has been present for sellers this summer. Looking to the fall in anticipation of a potential interest rate cut, buyers may find themselves with many more new and exciting opportunities.
Temple University graduate and former owner of several successful small businesses, Dan Spirer is a seasoned real estate agent in Pennsylvania, New Jersey, and Maryland specializing in luxury residential estates and construction.
CLIENT SATISFACTION
Mark understands the challenges in todays real estate market. He is committed to find you a home of your dreams and with your complete satisfaction.
Mark Farrell, has had a journey filled with diverse experiences that ultimately led him to where he is today. Growing up in an Irish household, Mark's formative years were shaped by his upbringing and education. He attended Saint Dominic's grade school, where he learned the values of faith, discipline, and community. Later, he enrolled in Father Judge High School, an all-boys Catholic school known for its commitment to academic excellence and character development.
Mark work a various jobs before entering the Marine Corps and served in Desert Storm. The Marines provided him with a transformative experience, instilling within him a profound sense of discipline, dedication, and a deep appreciation for the importance of service to his country. Mark's time in the military shaped him into a resilient and committed individual.
After his honorable discharge from the Marines, Mark embarked on a new endeavor – real estate. He obtained his real estate license in 1994 and dedicated himself to the industry for the next two years. However, his desire to serve others in a more direct and immediate capacity led him to seek a different kind of service – becoming a Philadelphia firefighter. Despite the demanding nature of his job, he continued to balance his firefighting duties with his work as a real estate agent during his four days off, showcasing his exceptional work ethic and dedication to multiple passions.
Throughout his journey, Mark's resilience, determination, and commitment to his family and community have remained unwavering. The experiences he gained as a plumber, cook, Marine, real estate agent, and firefighter have shaped him into the person he is today. Mark's multifaceted background equipped him with a diverse skill set, a well-rounded perspective, and an unwavering dedication to offer his clients a first class service with the up most integrity.
Today Mark is passionate about real estate and works full time to help his clients sell or buy a home in Pennsylvania. He listens to your needs and will and helps guide you through the process. He loves to help you find that dream home and as an agent knows how to protect you when buying and selling a home.
Jim Briggs, GRI, CRS, Associate Broker
I specialize in the sale and purchase of residential and income properties and have been licensed as a Realtor in PA since 1976 and New Jersey since 1986. I love this area, which is easy to see since I have lived here since 1975. My knowledge of the area and real estate is going to be useful for you when making a decision about a home or property and getting the best advice available .
New Hope / Doylestown
215.340.5700 Office
215.518.6977 Direct
17 Riverstone Circle
New Hope, PA
Within walking distance to town!
Stunning home in parklike, private setting has 4 bedrooms, 3 bathrooms, huge windows for natural light and views, exquisite millwork, great floor plan, formal living and dining rooms, den/office, large kitchen that is open to a 2-story family room with Heat & Glo propane firepla ce that can heat the main floor. The primary bedroom has a sitting area and ensuite bathroom. Enormous walk-out basement w/windows, large deck, superb landscaping with many specimen plantings. Fenced garden area with greenhouse, steppingstone paths, lots of special features, inside and outside. $975,000.
4872 River Road | Point Pleasant, PA
Extraordinary property showcases incredible stone and tile work, inside and outside. Creative expression and use of materials, including Mercer tiles, gives this residence character ambiance and a unique living space. An open main floor plan has a large living room. full bathroom, and a kitchen that opens to the family room with an energy efficient wood stove. Upstairs are two large bedrooms, a fully tiled bathroom plus an office that could be used as a walk-in closet. A pull-down staircase leads to a finished, heated attic. Walk-out lower level has tile floor and could be an additional bedroom. The exterior is a beautiful mix of tile and stone patios, mature trees and terraced gardens that provide many places to relax, dine, and entertain. $750,000.
Jim represented the buyers.
A beautiful mix of tile and stone Patios, mature trees and terraced gardens!
For over 65 years, the Sanford Alderfer team has been setting the standard for exceptional service in real estate and auction sales.
WHY CHOOSE US?
Sanford Alderfer Real Estate, a trusted local name in real estate, is partnered with Tranzon, LLC, a nationwide leader in real estate and business asset auctions. Together, we empower sellers by achieving market value within a defined timeframe, ensuring the seller remains in control throughout the process.
Tranzon is a cooperative partnershop of real estate professionals all over the country who are dedicated to providing you with a better way to buy and sell real estate.
Situated on 10.2 acres in Bucks County Pennsylvania, this lovingly maintained, 5+ bedroom, 4 bath residence with two-story, 2 stall horse barn/workshop is less than 3 miles from Bucks County Courthouse and Doylestown Hospital. Major thoroughfares including Route 611 and 202 provide easy access to Philadelphia and Newark International Airports and only 80 miles from New York City. The 5500 +/-Sq.Ft. residence includes a 2000 Sq.Ft. versatile addition that is ideal as a home office, private living quarters, or main level Master Suite with a private fully equipped galley-style kitchen and a spacious, ADA modified Master Bath including a wheelchair-accessible shower and Jacuzzi tub.
The property boasts a magnificent 2,500 sq ft flagstone patio, perfect for outdoor gatherings. The two-story barn, approximately 2,000 sq ft, includes two horse stalls and a one-car garage with an automatic door opener, offering ample space for equestrian enthusiasts.Located at 125 Edison Furlong Rd, Doylestown, PA.
SHERRY W. JONES has received consistent recognition as a TopProducer in both international rankings and Central Bucks County. She has extensive knowledge of the Buckingham and surrounding areas and understands our local market conditions . Having relocated her family across the countr y in 1999, Sherr y has personal experience dealing with the c hallenges sometimes associated with a move She is familiar with the public sc hool systems and raised three
c hildren in the Central Bucks Sc hool District By realizing how important it is to focus on the nee
TOWN
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Welcome to an enchanting cottage located at 6124 Carversville Rd., in the sleepy hamlet of Carversville. This section of Central Bucks County is quiet and peaceful. None of the roads in this town are used dining at the Carversville Inn, currently undergoing extensive renovations. Once reopened, you can walk to it from this home, sip a cocktail, enjoy dinner and walk back home, happy and well fed. The home sits high and dry and gets great light and air. On the Main Floor, the Living Room and
updated with Stainless Steel appliances. Public Records states that this is a 3 Bedroom home but the one on the Main Floor has been used as an Artist’s Studio as it has walls of windows that bring in fabulous light. There is a 1/2 Bath there and upstairs there is a Full Bath and 2 Bedrooms. Outside there is a stone patio, perfect for Summertime barbecue and picnics. The detached
ceiling. Looks like it would be the perfe interests. Let this become your away-p retreat spot. CHECK OUTTHE VIDEO
ct place for your hobbies or musical lace, your sanctuary, your peaceful ! Come visit soon! $596,000
T , REAL JOHN SUCHYY, LTTOOR® C: (2 EMAIL: JSUCHYREAL
TOR@GMAIL.C 67) 614-2795 O: (610) 847-3300 LTTO COOM
ed two-car garage with guest cottage, and a stand alone, temperaturecontrolled, barn-style garage with electricity and water, and a covered run-in shed, ideal for horses, RV lovers & automobile enthusiasts alike. Zoned for multigenerational living, commercial mixed-use opportunities, or creative ventures, this property offers potential rental income as well.
The Main House, a meticulously maintained Craftsman Bungalow circa 1930, blends original charm with modern updates. Adjacent to the Main House, the "Garden House" functions as a versatile commercial space with two luxurious guest suites, each equipped with private baths and kitchenettes
The "Garden View" suite showcases a cathedral ceiling, kitchenette, and patio access.Professionally landscaped grounds feature a d
