Chester County PA Real Estate Market Trends for May 2018
Chester County PA single family homes saw pending sales increase by 5.2% in May 2018 when compared to May 2017. 637 homes sold in May with a median sales price of $337,000, a 0.3% decrease from May 2017. The average sales price increased by 3.2%, and homes were on the market 5 days more.
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Chester County PA single family homes saw pending sales increase by 4.6% in February 2018 when compared to February 2017. 319 homes sold in February with a median sales price of $323,000, a 4.5% increase from February 2016. The average sales price increased by 2.8%, and homes were on the market 15 days less.
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Chester County PA Real Estate Market Trends for February 2017
Chester County PA single family homes saw pending sales increase by 3.6% in February 2017 when compared to February 2016. 270 homes sold in February with a median sales price of $300,000, a 9.1% increase from February 2016. The average sales price increased by 2.4%, and homes were on the market 5 days less.
Nobody enjoys thinking about the possibility of a family emergency or natural disaster, but taking steps to prepare for those possibilities should be a priority. While not lessening the shock and anguish of an unexpected, tragic situation, being prepared will help you to get your life back in order faster and easier.
One thing to consider is having important paper work organized in an emergency binder . The binder should contain all the important information about your life. Think about any paperwork or vital information you would need access to in an emergency, such as:
Vital Records
copies of birth certificates, adoption records
copies of marriage licenses, driver’s licenses and passports
copies of all property and auto records – deeds, leases, titles, etc.
copies of all property/umbrella insurance policies
a list of where off-site and original documents are stored
Financial Information
list of all bank account numbers
copies of front and back of all credit cards
list of all investment account numbers
list of all retirement/pension account numbers
detailed information about current income/benefits
detailed information about mortgages/loans
Medical Information
copies of health/life/disability insurance cards and policies
medical history for each family member
list of medications and prescriptions, including dose and pharmacy
details about any ongoing medical conditions/treatments
including a family emergency plan in your binder will help you to keep yourself calm and organized during what may be a stressful time
Make sure that your emergency binder is kept in a place where it is easy to get to and that it is easy to carry and that family members are aware of its location.
Secondly, it is a good idea to have a safety deposit box or lock box in which to store your original documents. This can also be used for storing important computer files and passwords, priceless family photos and valuable jewelry and memorabilia. Include a photo of each member of your family along with fingerprints and dental records. A home inventory list is also a useful item to have in storage. Remember that most of the documents in your “Emergency Binder” will be copies. Originals should be placed in a safety deposit box or lock box for safekeeping.
Whether it’s a family emergency or a natural disaster, tragic events almost always leave people feeling blindsided. Preparing in advance will help ease the feelings of being overwhelmed and panicked as you put your life back in order. So, set aside a day to put together your emergency binder to help protect your family now!
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Take a look at August's real estate sales broken down by school district.
DowningtownSchool District
The number of homes selling in the Downingtown school district in August 2015 rose by 6.42% when compared to August 2014. The average selling price decreased by 4% to $385,570. The median selling price dropped by 7.96%, while the average market time increased by 9 days.
Date
Sold
Listing
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
116
$385,570
$376,450
48
August 2014
109
$401,691
$409,000
39
West Chester School District
The number of homes selling in the West Chester school district in August 2015 decreased by 3.82% when compared to August 2014. The average selling price decreased by less than 1% . The median selling price increased by 3.7 %, while the average market time decreased by 11 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
126
$394,971
$372,500
38
August 2014
131
$398,558
$359,000
49
Coatesville School District
The number of homes selling in the Coatesville school district in August 2015 increased by 22.06% when compared to August 2014. The average selling price decreased by .35% to $227,766. The median selling price decreased 5.95%, while the average market time rose by 4 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
83
$227,766
$214,900
78
August 2014
68
$228,559
$228,500
74
Great Valley School District
The number of homes selling in the Great Valley school district increased by 35%. The Average Selling Price increased by 6.02% to $519,733. The median selling price rose by 15%, while the average market time increased by 22 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
50
$519,733
$460,000
56
August 2014
37
$490,242
$400,000
34
Unionville School District
The number of homes selling in the Unionville school district in August 2015 decreased by 29.17% when compared to August 2014. The average selling price decreased by 21.06% to $495,541. The median selling decreased 18.69% while the average market time increased by 29 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
34
$495,541
$436,000
78
August 2014
48
$627,708
$536,250
49
Tredyffrin-Easttown School District
The number of homes selling in the Tredyffrin-Easttown school district in August 2015 decreased by 19.72% when compared to August 2014. The average selling price increased by 7.23% to $531,563. The median selling price increased by 31.49%, while the average market time increased by 10 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
57
$531,563
$506,250
54
August 2014
71
$495,723
$385,000
44
Owen J RobertsSchool District
The number of homes selling in the Owen J Roberts school district in August 2015 increased by 23.81% when compared to August 2014. The average selling price decreased by 12.63% to $340,771. The median selling price rose by 4.64% while the average market time remained the same.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
52
$340,771
$347,000
60
August 2014
42
$390,023
$331,625
60
Phoenixville School District
The number of homes selling in the Phoenixville school district in August 2015 increased by 42.11% when compared to August 2014. The average selling price increased by 10.51% to $309,915. The median selling price rose by 10.9%, while the average market time dropped by 15 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
August 2015
54
$309,915
$254,950
43
August 2014
38
$280,444
$229,900
58
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You may be asking if now is a good time to be looking to buy a home before 2015. Experts predict home prices will continue to rise in 2015. Therefore, it is definitely a good time to be buying with prices continuing to climb. Here are some other considerations about house hunting during the holidays…
Lower seasonal prices are likely before the anticipated increases in 2015. Many homes on the market during the holidays are being offered because the sellers are being transferred. January is a high workplace transfer month. Transferees are trying to sell their homes during the holidays because they feel they have to.
Less competition among buyers is common because many are concentrating on holiday activities. If they don’t have to move for some reason they tend to wait until after the year-end holidays. That means fewer competing offers and less likelihood of bidding wars.
Seller anxiety begins to set in during the holidays. That means potentially better deals can be had. Sellers who need to move get more willing to bargain during the holidays because there is less demand from buyers.
Take a look at the Chester County real estate sales for October, broken down by school district.
DowningtownSchool District
The number of homes selling in the Downingtown school district in Oct 2014 increased by 20% when compared to Oct 2013. The average selling price increased 8.6% to $387,862. The median selling price increased less than 1% while the average market time decreased by 22 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
Oct 2014
80
$387,862
$326,250
56
Oct 2013
100
$356,886
$326,000
78
West Chester School District
The number of homes selling in the West Chester school district in Oct 2014 increased by 7.6% when compared to Oct 2013. The average selling price decreased 6.1% to $367,679. The median selling price decreased 2.1% while the average market time decreased by 6 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
Oct 2014
113
$367,679
$342,500
52
Oct 2013
105
$391,793
$350,000
66
CoatesvilleSchool District
The number of homes selling in the Coatesville school district in Oct 2014 increased by 1.7% when compared to Oct 2013. The average selling price increased 1.6% to $215,624. The median selling price increased 2.3% while the average market time increased by 30 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
Oct 2014
68
$215,624
$212,500
106
Oct 2013
58
$184,794
$171,500
76
Great ValleySchool District
The number of homes selling in the Great Valley school district in Oct 2014 decreased by 28% when compared to Oct 2013. The average selling price increased 4.5% to $469,749. The median selling price increased 11.1% while the average market time decreased by 4 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
Oct 2014
25
$469,749
$440,000
61
Oct 2013
35
$449,204
$435,000
65
UnionvilleSchool District
The number of homes selling in the Unionville school district in Oct 2014 decreased by 7.6% when compared to Oct 2013. The average selling price decreased 24% to $481,851. The median selling price decreased 29.3% while the average market time decreased by 3 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
Oct 2014
24
$481,851
$415,450
79
Oct 2013
26
$641,554
$588,250
81
Tredyffrin-EasttownSchool District
The number of homes selling in the Tredyffrin-Easttown school district in Oct 2014 increased by 18% when compared to Oct 2013. The average selling price decreased 3.4% to $549,439. The median selling price decreased 1.8% while the average market time decreased by 14 days.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
Oct 2014
52
$549,439
$432,500
63
Oct 2013
44
$568,789
$532,450
77
Owen J RobertsSchool District
The number of homes selling in the Owen J Roberts school district in Oct 2014 increased by 35.7% when compared to Oct 2013. The average selling price increased 19.8% to $366,364. The median selling price increased 4.0% while the average market time increased by 1 day.
Date
Sold
Listings
Average
Selling Price
Median
Selling Price
Average
Days On Market
Oct 2014
38
$366,364
$323,750
77
Oct 2013
28
$305,773
$311,112
76
PhoenixvilleSchool District
The number of homes selling in the Phoenixville school district in Oct 2014 increased by 34.2% when compared to Oct 2013. The average selling price decreased 3.7% to $242,828. The median selling price increased 3.1% while the average market time increased by 5 days.
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