Lancaster City and Township Homes for Sale 17603 - Market Report December 2011 McCaskey Schools

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Real Estate Agent with Keller Williams of Central PA East
http://actvra.in/s6T

Lancaster City and Township Homes for Sale in 17603 Market Report for December 2011 shows a very importantLancaster City and Township Homes for Sale 17603 truth. Properties need to be priced correctly when orginally listed. Properties sold at about 60% of original list price while selling at 94% of the most recent list price. When homes for sale were placed at close to market value they went under contract You will notice this in the Average Original List Price and the Average List price noted in the chart to the right.

Currently the absorption rate is 7.5. This means if all available properties on the market would sell at the rate experienced in December 2011 all the homes would sell in about 7.5 months. This is indicative of a fairly stable market.

32 Lancaster City and Township homes for sale in 17603 Market sold in December 2011. Another 22 homes went under contract. These facts will help you as a seller to know that finding a real estate agent who is able to help you price your home correctly.

Contact me to learn more about the market in Lancaster 17603. One of my greatest strengths is in pricing properties at a fair market value.

 

 Lancaster City and Township Homes for Sale 17603 - Market Report December 2011 McCaskey Schools

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Cal Yoder

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Keller Williams Realty Lancaster

1630 Manheim Pike

Lancaster, PA 17601

Office Phone: 717-735-1145

Cell Phone: 717-413-0744

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

It is a wonderful time for home buyers to take advantage of the big selection of properties, the very attractive prices and the record low mortgage interest rates.

Jan 25, 2012 07:34 AM #1
Rainmaker
414,463
The Scott Loper Team Lansdale & Harleysville PA Homes
Keller Williams Real Estate - Montgomeryville - Lansdale, PA

Hi Cal,

There must have been some serious days on market for the sold to original list ratio being 60%!  Wow, I think sellers in your area need to find more experienced agents who know the market stats (like you) to help them set realistic prices on their homes.

Lisa

Jan 25, 2012 05:07 PM #2
Rainmaker
498,539
Cal Yoder
Keller Williams of Central PA East - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Roy, you get a very hearty AMEN from me on that. It is amazing that folks do not seem to see how important it might be to actually act on there intention to buy. Just move forward.

Lisa, I hear you. I was a bit amazed by the stat you point out. I looked over a couple of higher priced properties and realized just a few over 500,000 deeply impacted this stat in this area in this month. Getting it priced correctly is so vitally important.

Cal

Jan 26, 2012 07:33 PM #3
Rainer
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Greg Gillespie
Crye-Leike Realtors - Tupelo, MS
CRS TN & MS - Broker

I enjoyed your market report Cal.

Lots of charts and colors make it a good and easy read.

Thank you for your post.

Jan 28, 2012 07:55 AM #4
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Rainmaker
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Cal Yoder

Homes For Sale in Lancaster PA - 717.413.0744
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