Chester County Real Estate Sales Statistics - June 2010
Congress recently extended the home buyer tax credit closing date to September 30. The measure would give more time to thousands of qualified home purchasers, who through no fault of their own are unable to meet the current closing deadline of June 30; however the measure would not extend the deadline for home buyers to qualify for the tax credit. The deadline extension applies only to homebuyers who have ratified contracts in place as of April 30, 2010, but could not close before June 30.
The April 30 deadline created a surge of home sales in April. Let’s take a look at the local Chester County real estate market for June.
Downingtown Area School District saw a 8% increase in sold listings in June 2010, compared to June 2009. Pending listings have decreased by 36% and active listings have decreased by 29%. There was a 2% increase in average sales price to $339,082, while market times decreased by 8 days.
|
Downingtown |
Active |
Pending |
Sold |
Average |
Average |
|
June 2010 |
82 |
43 |
79 |
$339,082 |
63 |
|
June 2009 |
115 |
67 |
73 |
$333,783 |
71 |
In the West Chester Area School District, there was an increase in Sold listings of 27% when compared to June 2009. While pending sales decreased by 31% in June 2010 when compared to June 2009. Average sales price increased by 4% to $375,664 and active listings decreased by 9% from June 2009. Market times have decreased by 7 days.
|
West Chester |
Active |
Pending |
Sold |
Average |
Average |
|
June 2010 |
150 |
75 |
136 |
$375,664 |
69 |
|
June 2009 |
165 |
109 |
99 |
$360,876 |
76 |
Sold listing have increased by 11% in the Coatesville Area School District in June 2010 when compared to June 2009. The average sales price increased by 2% to $233,785 and active listings decreased by 15%. The number of pending home sales decreased by 60% when compared to June 2009, while homes were on the market on average 23 days more than in June 2009.
|
Coatesville |
Active |
Pending |
Sold |
Average |
Average |
|
June 2010 |
112 |
28 |
70 |
$233,785 |
99 |
|
June 2009 |
132 |
70 |
62 |
$230,159 |
76 |
A word of caution...markets within a school district can be very different from neighborhood to neighborhood. For the latest Chester County PA real estate market conditions in your neighborhood, please call me at 610-564-SCOT or visit ChesterCountyHomeSource.com.
