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For Further Details Contact: Heather Jackman Coldwell Banker Hearthside 215.493.9080 x119 215.431.0884 cell RL#RS292094
“I expect only the best for you”
LMT average days on market per home = 84 days
Heather’s listings average days on market = 41 days! You can find more areas and their data @
MU
110 Arborlea Ave Sold for $567,000 7/31/2009
MU
MU
MU
223 Arborlea Ave Sold for $420,000 9/15/2009
312 Arborlea Ave Sold for $305,000 12/04/2009
1207 Birch Ave Sold for $390,000 5/01/209
LOWER MAKEFIELD TOWNSHIP SINGLE FAMILY HOMES
Market Facts as of DECEMBER YTD 2009 ______________ Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data
MU
1210 Birch Ave Sold for $315,000 10/30/2009
MU
204 Elm Ave Sold for $299,000 10/02/2009
Inventory of homes for sale in Dec 2009 was 174 Inventory of homes for sale in Nov 2009 was 196 Inventory of homes for sale in Dec 2008 was 174 Unit Inventory is flat year over year, And down 22 homes sequentially from Nov 09 Avg. price of a home for sale in Dec 2009 was $501k Avg. price of a home for sale in Dec 2008 was $562k List prices of homes in inventory down 10.9%
MU
106 West Ferry Sold for $576,600 9/30/2009
MU
21 Wilfred Dr Sold for $350,000 8/26/2009
MU
223 West Ferry Rd Sold for $470,000 12/29/2009
MU
1101 Linden Ave Sold for $374,000
10/21/2009
As your local real estate expert, I rely on thorough knowledge of marketing techniques to help my clients succeed when buying or selling a home. When the time comes, call me for success! - HeatherJackman
Hearthside 70 West Afton Ave Yardley PA 19067 If your property is currrently listed with a real estate broker, please disregard. It is not my intention to solicit the offerings of other real estate brokers.
251 homes sold as of Dec YTD 2008 at 94% of list price 255 homes sold as of Dec YTD 2009 at 91% of list price Unit Sales volume is up slightly 1.6% year over year, improved over Full Year 2008 Unit Sales which were down 33.5% Buyers achieving approx 9% avg. discount from List Price Summary: For reference, Full Year 07 Unit Growth was 6.5%, Full Year 08 Sales recorded a lower (-33.5%) result, while YTD 09 has turned modestly positive; Inventory is at an 8.2 Month supply of homes. The Average Sold Price for the Full Year 2006 was a modest 3.6% increase, Full Year 2007 reflected a 6.4% decrease, and Full Year 2008 recorded a 3.1% increase. Dec YTD 09 reflects a 6.7% Price decrease. Buyers are achieving increasing “discount” leverage in negotiation, Market conditions are considered above “Balanced”, favoring the Buyer, with 8.2 Months of Homes in Inventory (Note: a Market is considered “balanced” with 6 Months Inventory).
What does this mean to a Seller? There is an 8+ Month Supply of homes on the market, generally, for longer periods of time so the competition remains challenging. The Average Days on Market are now 84 versus 67 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2006, 2007, 2008, 2009 versus the ~10+% experienced during the prior 4-5 years. Be realistic and remember the current market is what determines the price of your
Heather Jackman
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For Further Details Contact: Heather Jackman Coldwell Banker Hearthside 215.493.9080 x119 215.431.0884 cell RL#RS292094
Home improvement projects are still worth the investment according to Remodling magazines “Cost vs Value Report.”
“I expect only the best for you”
Here is some data from the report that pertains to our area:
Data from Middle Atlantic States ( NJ, NY, PA) Job Cost
ADDITIONS: $8,000 For First-Time Buyers. $6,500 For Move-Up Buyers. Low Monthly Payments. Historically Low Interest Rates. THE HOMEBUYER TAX CREDIT AT A GLANCE... * Nothing to Pay Back - This is Direct Stimulus to You! * The $8,000 credit may be available to First-Time Buyers, and to Buyers who have not owned a primary residence in the past three years. * The $6,500 credit may be available to Move-Up Buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement. * Single taxpayers earning up to $125,000 per year and married couples earning up to $225,000 per year may qualify for the full tax credit. * Single taxpayers who earn between $125,000 and $145,000, and married couples who earn between $225,000 and $245,000 may be eligible to receive a partial credit. * Purchase price of home cannot exceed $800,000. * Credit available on homes under contract on or before April 30, 2010 and settled by June 30, 2010.
This is a unique opportunity for all homebuyers to capitalize on today's exceptionally low interest rates and low prices. Perhaps more than ever it is a great time to buy. The program ends April 30, 2010 and is not expected to be extended again. For further details and answers to frequently asked questions. For more information and help finding your first home, call Heather.
Attic Bedroom Back-Up Generator Bathroom Deck (composite) Deck (wood) Family Room Garage Master Suite Sunroom Two Story
Resale Value
Cost Recouped
$53,780 $15,290 $42,441 $15,890 $11,260 $88,704 $62,431 $111,857 $76,580 $165,708
$39,292 $8,206 $22,272 $10,404 $7,917 $51,991 $34,847 $67,612 $38,661 $107,770
73.1% 53.7% 52.5% 65.5% 70.3% 58.6% 55.8% 60.4% 50.5% 65.0%
$81,166 $39,270 $92,962 $238,299
$42,240 $22,584 $45,241 $124,774
52.0% 57.5% 48.7% 52.4%
$67,455 $17,383 $29,525 $59,905 $22,130
$41,127 $11,817 $13,841 $39,860 $15,973
61.0% 68.0% 46.9% 66.5% 72.2%
$55,766 $115,605
$31,862 $67,988
57.1% 58.8%
$1,248 $22,292 $10,980 $11,408 $12,410
$1,217 $14,508 $8,920 $8,766 $9,248
97.5% 65.1% 81.2% 76.8% 74.5%
$3,632 $7,855 $42,333 $13,497 $13,369 $14,795 $18,656
$2,316 $5,013 $24,133 $10,710 $10,489 $10,857 $12,536
63.8% 63.8% 57.0% 79.4% 78.5% 73.4% 67.2%
UPSCALE
Bathroom Deck (composite) Garage Master Suite
REMODELINGS: Basements Bathroom Home Office Major Kitchen Minor Kitchen UPSCALE
Bathroom Major Kitchen
REPLACEMENTS:
HOMEBUYER TAX CREDIT 2010
Entry Door Roofing Siding (vinyl) Window (vinyl) Window (wood) UPSCALE
Hearthside 70 West Afton Ave Yardley PA 19067
215.493.9080 X119
If your property is currrently listed with a real estate broker, please disregard. It is not my intention to solicit the offerings of other real estate brokers.
Entry Door Grand Entrance Roofing Siding (fiber cement) Siding (foam vinyl) Window (vinyl) Window (wood)
Call me to find out why now is a gret time to buy or sell a home. I’ll provide you with a complimentary market analysis of current sales listings in your neighborhood. I’ll also show you my state of the art marketing plan that will enable you to receive top dollar for your home in today’s challenging market place. I am ready to go to work for you and prove that knowledge, honesty, and integrity will result in a positive and successful transaction.
LOWER MAKEFIELD TOWNSHIP b
SINGLE FAMILY HOMES
Market Facts as of DECEMBER YTD 2009 ______________ Source: COLDWELL BA KER HEARTHSIDE REALTORS MARKET RESEARCH from TRE D MLS Data
Inventory of homes for sale in Dec 2009 was 174 Inventory of homes for sale in Nov 2009 was 196 Inventory of homes for sale in Dec 2008 was 174 Unit Inventory is flat year over year, And down 22 homes sequentially from Nov 09 Avg. price of a home for sale in Dec 2009 was $501k Avg. price of a home for sale in Dec 2008 was $562k List prices of homes in inventory down 10.9% 251 homes sold as of Dec YTD 2008 at 94% of list price 255 homes sold as of Dec YTD 2009 at 91% of list price Unit Sales volume is up slightly 1.6% year over year, improved over Full Year 2008 Unit Sales which were down 33.5% Buyers achieving approx 9% avg. discount from List Price Summary: For reference, Full Year 07 Unit Growth was 6.5%, Full Year 08 Sales recorded a lower (-33.5%) result, while YTD 09 has turned modestly positive; Inventory is at an 8.2 Month supply of homes. The Average Sold Price for the Full Year 2006 was a modest 3.6% increase, Full Year 2007 reflected a 6.4% decrease, and Full Year 2008 recorded a 3.1% increase. Dec YTD 09 reflects a 6.7% Price decrease. Buyers are achieving increasing “discount” leverage in negotiation, Market conditions are considered above “Balanced”, favoring the Buyer, with 8.2 Months of Homes in Inventory (Note: a Market is considered “balanced” with 6 Months Inventory).
What does this mean to a Seller? There is an 8+ Month Supply of homes on the market, generally, for longer periods of time so the competition remains challenging. The Average Days on Market are now 84 versus 67 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2006, 2007, 2008, 2009 versus the ~10+% experienced during the prior 4-5 years. Be realistic and remember the current market is what determines the price of your
b
MORRISVILLE BORO SINGLE FAMILY HOMES
Market Facts as of DECEMBER YTD 2009 _____________ Source: COLDWELL BA KER HEARTHSIDE REALTORS MARKET RESEARCH from TRE D MLS Data
Inventory of homes for sale in Dec 2009 was 64 Inventory of homes for sale in Nov 2009 was 70 Inventory of homes for sale in Dec 2008 was 81 Unit Inventory is down 21% year over year, And down 6 homes sequentially from Nov 09 Avg. price of a home for sale in Dec 2009 was $209k Avg. price of a home for sale in Dec 2008 was $224k List prices of homes in inventory down 6.9% 74 homes sold as of Dec YTD 2008 at 92% of list price 100 homes sold as of Dec YTD 2009 at 90% of list price Unit Sales volume is up 35.1% year over year, versus Full Year 2008 Unit Sales which were down 27.2% Buyers achieved approx 10% avg. discount from List Price Summary: Inventory levels are down and sales volume is up notably as of Dec YTD. The Average Sold Price for 2007 was a modest 1.3% increase, 2008 Sold Average Prices reflected a 9.3% decrease. Dec YTD 2009 reflects a 10.9% Price decrease. Buyers have increasing “discount” leverage in negotiation, and the Market remains a “Buyers Market”, though it is moving to a more balanced position. Currently there are 7.7 months of Homes in Inventory. Note that a Market is viewed as “Balanced” with approx 6 Months Inventory.
What does this mean to a Seller? There is a near 8 Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market is 97 versus 69 last year. It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.
NEWTOWN TOWNSHIP f
SINGLE FAMILY HOMES
Market Facts as of DECEMBER YTD 2009 ______________ Source: COLDWELL BA KER HEARTHSIDE REALTORS MARKET RESEARCH from TRE D MLS Data
Inventory of homes for sale in Dec 2009 was 92 Inventory of homes for sale in Nov 2009 was 104 Inventory of homes for sale in Dec 2008 was 98 Unit Inventory is down 6.1% year over year, And down 12 homes sequentially from Nov 09 Avg. price of a home for sale in Dec 2009 was $496k Avg. price of a home for sale in Dec 2008 was $494k List prices of homes in inventory are near flat, up 0.4% 231 homes sold as of Dec YTD 2008 at 95% of list price 224 homes sold as of Dec YTD 2009 at 93% of list price Unit Sales volume is down 3% year over year, versus Full Year 2008 Unit Sales which were down 11% Buyers achieving approx 7% avg. discount from List Price Summary: Inventory levels are down as is YTD sales volume. The Average Sold Price for the full year 2006 was a 10.9% increase, 2007 Sold pricing was near flat at -0.1%, while Full Year 2008 Average Sold Prices reflected a 2.4% decrease. Dec YTD 2009 reflects a 3.7% Price decrease. Buyers achieving increasing “discount” leverage in negotiation. Market conditions are essentially balanced with 4.9 Months of Homes in Inventory. Note that a Market is viewed as “Balanced” between Buyers & Sellers with ~6 Months Inventory.
What does this mean to a Seller? There is a near 5 Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market are 63 versus vs. 54 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2007/2008/2009 versus the ~10% experienced during most of the prior 3-4 years. Be realistic and remember the current market is what determines the price of your home.
NORTHAMPTON TOWNSHIP SINGLE FAMILY HOMES
b
Market Facts as of DECEMBER YTD 2009 ______________ Source: COLDWELL BA KER HEARTHSIDE REALTORS MARKET RESEARCH from TRE D MLS Data
Inventory of homes for sale in Dec 2009 was 217 Inventory of homes for sale in Nov 2009 was 233 Inventory of homes for sale in Dec 2008 was 209 Unit Inventory is up 3.8% year over year, And down 16 homes sequentially from Nov 09 Avg. price of a home for sale in Dec 2009 was $544k Avg. price of a home for sale in Dec 2008 was $514k List prices of homes in inventory are up 6% 278 homes sold as of Dec YTD 2008 at 93% of list price 287 homes sold as of Dec YTD 2009 at 92% of list price Unit Sales volume is up 3.2% year over year, versus Full Year 2008 Unit Sales which were down 21.7% Buyers achieving approx 8% avg. discount from List Price Summary:
Inventory is up as is sales volume through Dec YTD. The Average Sold Price for the Full Year 2006 was up a reasonable 8.4%, Full Year 2007 reflected a decrease of 3.3% and Full Year 2008 Sold Average Prices recorded a 2.3% decrease. Dec YTD 2009 reflects a 9.9% Price decrease. Buyers are achieving increasing discount leverage in negotiation, and the Market is considered a “Buyers Market” with 9.1 Months of Homes in Inventory. Note that Market conditions are considered “Balanced” with 6 Months of Homes in Inventory.
What does this mean to a Seller? There is a 9+ Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market is 79 versus 71 days last year. It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.
SOLEBURY TOWNSHIP SINGLE FAMILY HOMES SI b
Market Facts as of DECEMBER YTD 2009 _________________ Source: COLDWELL BA KER HEARTHSIDE REALTORS MARKET RESEARCH from TRE D MLS Data
Inventory of homes for sale in Dec 2009 was 152 Inventory of homes for sale in Nov 2009 was 164 Inventory of homes for sale in Dec 2008 was 158 Inventory is down 3.8% year over year, And down 12 homes sequentially from Nov 09 Avg. price of a home for sale in Dec 09 was $1.27 million Avg. price of a home for sale in Dec 08 was $1.35 million List prices in inventory are down 6%, this price stat is impacted by # of homes priced in $1-5 million, review specific property CMA for pricing direction & check Median/Average Prices
78 homes sold as of Dec YTD 2008 at 90% of list price 93 homes sold as of Dec YTD 2009 at 87% of list price Unit Sales volume up 19.2% year over year, versus Full Year 2008 Unit Sales which were down 33.3% Buyers achieving approx 13% discount from List Price
Summary:
Inventory levels are down and Unit Sales volume is up notably. At current Sales pace, there is still a 19.6 Month Supply of Homes in Inventory. Buyers continue to achieve significant (and increasing) discount leverage in negotiation, Market is viewed as a clear “Buyers Market”. Note that a Market is viewed as “Balanced” with 6 Months of Homes in Inventory.
What does this mean to a seller? There is a substantial inventory of homes on the market (particularly in $1-3 million range), generally for longer periods of time, so the competition is challenging. Average Days on Market is 131 (all price levels). Most (83%) of the 93 homes Sold Dec YTD 09 closed under $999k. 35% of the homes (53 of 152) on the market are priced above $1 million, and this represents a 3.3 Year Supply at current sales pace (16 homes over $1 million sold as of Dec YTD, about 1.3 per month). It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the positive per year appreciation in 2007 and 2008 that was experienced during the past few years. Be realistic and remember the current market is what determines the price of your home.
UPPER MAKEFIELD TOWNSHIP SINGLE FAMILY HOMES b
Market Facts as of DECEMBER YTD 2009 Source: COLDWELL BA KER HEARTHSIDE REALTORS MARKET RESEARCH from TRE D MLS Data
Inventory of homes for sale in Dec 2009 was 101 Inventory of homes for sale in Nov 2009 was 113 Inventory of homes for sale in Dec 2008 was 134 Inventory is down 24.6% year over year, And down 12 homes sequentially from Nov 09 Avg. price of a home for sale in Dec 09 was $1.43 million Avg. price of a home for sale in Dec 08 was $1.59 million List prices in inventory are down 9.8%, this price stat is impacted by # of homes priced in $1-3+ million, review specific property CMA for pricing direction & check Median/Average Prices
71 homes sold as of Dec YTD 2008 at 91% of list price 72 homes sold as of Dec YTD 2009 at 88% of list price Unit Sales volume is up 1.4% year over year, versus Full Year 2008 Unit Sales which were down 29% Buyers achieving approx 12% discount from List Price Summary:
Inventory levels are down and Unit Sales modestly up. Notably, at current Sales pace there is a 16.8 Month Supply of Homes in Inventory. Buyers are achieving increasing “discount” leverage in negotiation, Market is viewed as a clear “Buyers Market”. Note that a Market is viewed as “Balanced” with 6 Months of Inventory.
What does this mean to a seller? There is a substantial inventory of homes on the market (particularly in $1-3 million range), generally for longer periods of time, so the competition is challenging. Average Days on Market is 111 (all price levels). Most (82%) of the 72 homes Sold Dec YTD 09 closed under $999K. 55% of the homes (56 of 101) on the market are priced above $1 million, and this represents a 4.3 Year Supply at current sales pace (13 homes over $1 million sold as of Dec YTD, that’s 1.08 per month). It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the positive per year appreciation in 2007/2008 that was experienced during the past few years. Be realistic and remember the current market is what determines the price of your home.
BUCKINGHAM SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data
45 40 35
UNITS
30 25 20 15 10 5 0 JAN
FEB
MAR
APR
MAY
JUNE
JULY
AUG
SEP
OCT
NOV
DEC
2009
9
5
8
13
13
17
24
22
17
16
19
11
2008
7
15
12
8
17
27
24
28
23
20
9
13
2007
10
12
16
27
21
35
29
35
21
19
11
16
2006
21
15
13
25
21
37
28
42
14
21
10
10
Units Sold in Each Month 2009
2008
2007
2006
LOWER MAKEFIELD SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data
60
50
Units
40
30
20
10
0 JAN
FEB
MAR
APR
MAY
JUNE
JULY
AUG
SEP
OCT
NOV
DEC
2009
14
8
12
13
18
31
34
36
24
23
25
15
2008
21
12
14
18
23
39
30
31
23
19
7
14
2007
18
22
28
25
23
46
56
37
30
35
31
28
2006
30
18
25
26
30
49
40
30
31
21
17
38
Units Sold in Each Month 2009
2008
2007
2006
NEWTOWN TWP SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data
40 35 30
UNITS
25 20 15 10 5 0 JAN
FEB
MAR
APR
MAY
JUNE
JULY
AUG
SEP
OCT
NOV
DEC
2009
7
6
13
15
17
30
30
31
21
22
19
14
2008
13
17
21
13
28
34
31
21
13
19
7
10
2007
11
16
22
14
31
37
27
36
16
17
19
13
2006
28
17
25
30
32
28
25
28
21
22
28
15
Units Sold in Each Month 2009
2008
2007
2006
NORTHAMPTON SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data
60
50
Units
40
30
20
10
0 JAN
FEB
MAR
APR
MAY
JUNE
JULY
AUG
SEP
OCT
NOV
DEC
2009
13
6
12
20
27
36
48
34
28
19
29
13
2008
14
16
14
15
28
40
29
31
26
22
18
22
2007
17
15
31
26
38
55
42
43
21
24
19
20
2006
23
21
25
24
48
45
47
41
25
26
27
22
Units Sold in Each Month 2009
2008
2007
2006