January 2014 Real Estate Market Statistics

The January 2014 Real Estate Market Statistics (provided by TrendMLS) are now officially posted for all our local counties: Bucks, Chester, Delaware, Montgomery, and Philadelphia.  Year to date for Montgomery County in January 2014, settled single family homes were up 3.20% from last year.  The average sales price in Montgomery County came in at $316,000 up 2.93% from the previous year.  Looking at our surrounding counties, Bucks County was up 6.51% in settled single family homes at an average sales price of $337,000, Chester County was down 3.02% at $330,000, Delaware County was down 13.29% at $258,000, and lastly Philadelphia County was down 15.39% at an average of $179,000.

Narrowing in to the Hatboro area, 5 homes sold in January 2014 for an average of $249,980.  3 of these homes were 4 or more bedrooms while the remaining 2 were 3 bedroom homes.  In the Horsham Township, 12 single family homes sold in January 2014 for an average of $260,850.  Currently 10 homes are under contract as of January 2014.  Are you thinking of buying or selling, contact Coldwell Banker Realty Corp for an extensive analysis of your home's market conditions and a FREE home valuation!