Philadelphia Real Estate Helpful News and Views

Rivers Bend Market Report October 2011 Phila Pa

There are 6 Active Listings in Rivers Bend as of October 21 2011 as reported to the Trend MLS service

Prices start at $119,900(for a short sale) -$184,900

There is one pending sale a Bank foreclosure it should settle by the end of this month

There was a bank foreclosure sale $110,900 in my opinion it was a terrific buy

The other sale that was the same unit sold for $179,900

In my opinion the prices are all over the board here . Rivers Bend is still a very desirable community .Rivers Bend Condos have a very spacious floor plan and are pet friendly which is rare in today's condo style living of in this area . They are also working on becoming FHA approved.

Call me for a personal tour if you would like to buy or for a market analysis if you would like to sell your home or need information on short sales

Hannah Williams @ Re/Max Eastern 215 953 8818 hannahremax@Gmail.com

Village Greene Market Report for September 2011 Bensalem Pa 19020 by HelpfulHannah

There are three active listing for sale as of Sept 29,2011 as reported by the Trend MLS

There is : prices ranging from $329,900- $364,800

1 4BR 2.5 Bath single homes without a basement that is subject to a third party approval . (short sale)

2 3BR 2.5 Bath single homes one with a full finish basement one without a basement .


There are 2 pending sales :prices ranging from $364,900- $369,900 we can discuss these sales when they settle.

There have been 2 sales since May 2011 Prices $350,000- $352,000

Prices are down from last year .It looks like the home sales have slowed down in this very desirable area of Bensalem Pa . The sold prices are showing sales in the $350,000 and pending sales higher .Let us hope there are not any appraisal problems. Mortgage companies are not giving appreciation in many areas . This is a beautiful area I myself lived in Village Greene for many years. It will be interesting to see where the values are in the October Market Report for Village Greene Bensalem Pa 19020 by HelpfulHannah

For more information on this area please call Hannah Williams @ Re/Max Eastern  215 953 8818 .

These statistics were published by Trend MLS our local Real estate Board and reflect the local market place.   Residential sales activity for TREND’s MLS Coverage Area dropped 39% in October compared to a year ago, according to statistics generated by MLS Blue. There were 3,548 sales reported in October 2010, compared to 5,863 in October 2009. The October 2010 numbers dipped slightly below September 2010, when activity hit 3,828 sales.

Average sale prices increased 6.1% when comparing numbers from October 2010 to October 2009. Overall, prices increased in eight counties.

Eight counties saw higher median prices. Burlington County, NJ led the way at 10.9%, while Salem County, NJ had the largest decrease at 7.3%

Pending Sales Drop by 33%

Pending sales decreased in all 13 counties in October 2010 compared to October 2009, dropping overall numbers by 33.5%. Sales were 3,900 in October 2010 and 5,867 in October 2009.

Individually, the highest decreases were:

• Gloucester County, NJ – 59.1%
• Camden County, NJ – 43.0%
• Delaware County, PA – 39.0%

Activity in Other Property Categories

Sales increased for multi-family properties in October 2010, compared to October 2009. The number of sales for commercial listings and lots, land and farms decreased.

Inventory at the end of October stood at 53,987. That’s up from 48,488 a year ago, suggesting that supply and demand in Philadelphia is still out of balance.

reported by trend mls and copyrighted used with permission

Great News Existing home sales have increased 2.1% in February..The index according to the National Association of Realtors (NAR)says the gain is likely to hold for a while and gives  hope for a solid spring selling season..

Affordability is also working.Housing affordability levels are at their most favorable since NAR first started tracking the data in 1971.

There are still some hurdles mortgage underwriting standards are tougher creating snags for many buyers who would like to buy and can not.,but those who qualify can lock in low rates and enjoy the upper hand in price negotiations.

It seems there is a boost in confidence.Both buyer traffic and seller traffic are expected to to grow. Confidence is at its highest levels since June 2008

The stimulus package passed by the Federal government providing a first time home buyer tax credit of up $8000 to is working its way through the system!

Please visit my website to search for homes HelpfulHannah.com

For Local News and Views Please visit HelpfulHannahs.com