Specialized Buyers Agent Answers Real Estate Questions

Q. What is your take on this market? T. and R. Solley, Wayne, PA

A.Much improved just in the last month or so, following a disappointing but not devastating fall/winter. I recently ran some statistics:

For the 30 days ending May 10, 2010 in the 3 nearest townships, there were 29 single family and twin homes that settled at an average price of $561,550. This is an improvement in total homes sold since the month before but not terribly surprising with the expiration of the first-time home buyer credit incenting buyers to finally decide and sign agreements. The average discount off the original asking price increased again to 93%. This is the best we have seen in over a year for that statistic.

There were a substantial number of homes (11) that garnered prices for their owners of 95% or greater than asking price and 23, or almost 80%, sold for over 90% of asking with 9 going in 10 days or less. Also, the days-on-the-market statistics are much better than last year’s numbers—with over half of homes now moving in the 0 to 60-day window.

However, since I ran those numbers, the market has slowed down noticeably. I wish I knew what the rest of the year will bring, but I do not. How’s that for honesty?

 

 

Featured Listing

True Walk-to-Wayne

425 N. Bellevue Ave
Wayne, PA 19087

$775,000
MLS# PADE399110
4-5 bedrooms
3.5 Bathrooms

Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

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