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

By
Real Estate Broker Owner with Keller Williams Realty Lancaster
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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You can find great local Lititz, PA real estate information on Localism.com The Living in Lancaster Group - Cal Yoder            717.413.0744       is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

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Rainmaker
1,759,771
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

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.

January 25, 2012 07:34 AM
Rainmaker
398,286
The Scott Loper Team Lansdale & Harleysville PA Homes
Keller Williams Real Estate - Montgomeryville

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

January 25, 2012 05:07 PM
Rainmaker
484,596
Cal Yoder
Homes For Sale in Lancaster PA - 717.413.0744
Keller Williams Realty Lancaster

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

January 26, 2012 07:33 PM
Rainer
75,620
Greg Gillespie
CRS TN & MS - Broker
Crye-Leike Realtors

I enjoyed your market report Cal.

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

Thank you for your post.

January 28, 2012 07:55 AM
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Cal Yoder

Homes For Sale in Lancaster PA - 717.413.0744
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Additional Information

Author Bio: Specialities of Cal include listing properties and successfully selling them. He does this well through fantastic marketing and an exceptional ability to price a property correctly. He has a thorough knowledge of the marketplace because he produces market reports monthly. He represents first time home buyers very well because of his patience and communicaton skills. First time buyers rely upon his steady demeanor and tough resolve. Because of Cal's success in investment property he possesses the ability to assess real estate as an investment. This includes rentals and flips in Lancaster City and Lititz, PA area.