reflections Published Monthly By Kurfiss Sotheby’s International Realty / April 2013
March Home Sales Roar like a lion March home sales came in like a lion, according to the most recent data from Trend, the multiple-listing service in the greater Philadelphia area. Across Bucks, Chester, Delaware, Montgomery and Philadelphia counties, the number of houses sold was up compared to March 2012. What’s more, pending sales this year increased dramatically in each county compared to one year ago: Up 15% in Bucks, 21% in Chester, 16.7% in Delaware, 9.7% in Montgomery and 19.7% in Philadelphia. Average and median home prices have strengthened except in Bucks County, where a comparison of March 2013 to March 2012 shows a drop of 1.34% (average prices) and 2.59% (median). Philadelphia County home prices showed the biggest gains, with average prices up 16.52% and median prices there up 13.45%. Around our New Hope and Philadelphia offices, agents have been very busy with new listings and placing properties under agreement. Several (105 Pine, 130 S. 18th St. – Unit 1202 in Philadelphia, 3310 Great Oaks Road in New Hope) have gone under agreement within a few days of being listed. Back-up offers and multiple bids are being made on some – these were non-existent in the past five years. For specifics on home sales and price data for your area, please contact either our Bucks County office at 215.794.3227 or our Philadelphia/Main Line office at 215.735.2225.
Click Here View complete data for these counties, including home-price data for specific areas within each, please see the 2012 summary in our current issue of Buy&Sell. Click Here Watch a video overview of the March 2013 data from Trend.
2 KURFISS.COM
WEB SITE VIDEOS SHOWCASE OUR MARKETS Video will play an increasing role in our new Kurfiss.com web site. With help from Dave Tavani, a professional videographer, we have put together three videos as a start. The three-minute presentations showcase Bucks County, Philadelphia and the Main Line. Shorter one-minute videos on specific towns and neighborhoods are coming next, says Donald Pearson, chairman of Kurfiss SIR. “We believe video is the perfect medium to capture the beauty of each of our markets and introduce people from outside the area to the lifestyles that attract residents to each of these places,” he says. Bucks County Area Guide
Philadelphia Area GUide
Main Line Area Guide
Join Us at Anything’s Pawsible Sunday, May 5, 2013 from 3:00 to 6:00 pm There are many animal lovers among the agents at Kurfiss, and one of the most ardent supporters of animal rescue is company Chairman Donald Pearson and his twin brother, Douglas. On Sunday, May 5, they will host “Anything’s Pawsible With the Pearsons” at their home overlooking the Delaware River in New Hope. Guests can enjoy refreshments, hors d’oeuvres and a presentation by the Bucks County SPCA’s Beth Kittrell. Beth will update guests on shelter operations. Anyone interested in attending should RSVP to our New Hope office: 215.794.3227.
Man Made: Jean-Michel Basquiat An exhibition and sale of 30 of the artist’s works will be presented at Sotheby’s auction house at 72nd and York in New York City. Billed as a carefully curated grouping, the exhibition will cover key themes in Basquiat’s work and will include a variety of media. Read more about the event here
KURFISS.COM 3
NEW LISTINGS on THE MARKET
1231 Barrowdale Road, Rydal, PA
481 Philip Road, Huntingdon Valley, PA
Kurfiss.com/6183023
Kurfiss.com/6200079
Offered at $1,795,000
Offered at $999,000
1 Davis Drive, Washington Crossing, PA
107 Muirfield Drive, New Hope, PA
Kurfiss.com/6187007
Kurfiss.com/6181835
Offered at $949,000
Offered at $1,595,000
4 KURFISS.COM
NEW LISTINGS on THE MARKET
1546 River Road, New Hope, PA
12 East Mechanic Street, New Hope, PA
Kurfiss.com/6187224
Kurfiss.com/6204374
Offered at $899,000
Offered at $595,000
420 South 11th Street, Philadelphia, PA
6775 Armitage Road, Lumberville, PA
Kurfiss.com/6200687
Kurfiss.com/6197711
Offered at $850,000
Offered at $995,000
KURFISS.COM 5
Bucks County Office 6038 Lower York Road, New Hope, Pennsylvania 18938 Office: 215.794.3227
Philadelphia/Main Line Office 226 W. Rittenhouse Square, Suite 102, Philadelphia, Pennsylvania 19103 Office: 215.735.2225
VIEW DISTINCTIVE PROPERTIES IN EVERY PRICE RANGE AT KURFISS.COM