Sage Realty LLC Announces Trends in Local Real Estate Market and the Advantage of Using Realtors for Main Line Representation
Wayne, PA – March 1, 2016—Movement in home buying statistics over the last 12 months reveal a changing customer base for any real estate agent, and a very favorable climate for first-time buyers. The realtors at Sage Realty LLC will provide expert assistance in finding a Main Line home, and will also help navigate these new trends to ensure you get the most from a property.
The latest data from the National Association of Realtors finds more than 30 percent of recent home buyers were purchasing their first home. The recent upward trend for age of new buyers has continued, with the average age for first-time buyers at 31 in 2015. The average age of repeat buyers dropped for the third consecutive year, indicating that buyers are willing and able to move up to larger or more desirable properties more quickly than they had been in previous years.
Buyer preferences revealed critical information for anyone who wants to market a home in 2016. For the first time in years, the importance of home size was diminished. Nearly 80 percent of home buyers stated that the quality of neighborhood was more valuable to them than the size of the home. Perhaps even more important, 57 percent of buyers valued low commute times and road access over property size.
When you combine this information with the fact that 87 percent of buyers used a realtor or broker when purchasing their home and over 70 percent said that they would use the same one again, it is clear that using a realtor to find a home in Main Line is an advantage. A buyer’s agent works solely for the buyer to find homes that meet specific needs. One such agent is Tracey Carney, a realtor at Sage Realty in Main Line Pennsylvania. Tracey specializes in helping buyers find homes within walking distance of important landmarks, like trains, schools and local shopping. A buyer’s agent is equipped with helpful information about the local neighborhoods and even upcoming developments that could impact a buyer’s final decision and future satisfaction with his/her purchase.
These buyer statistics are indicative of a robust market that will remain strong through 2016. Area home sales are outperforming the national average, though the general affordability of the homes ensures property access to most qualified buyers.
About Sage Realty LLC
Sage Realty LLC is a buyer-centric real estate firm founded by Linda Waters. With decades of experience, and holding certifications as specialists in luxury homes and real estate, Sage Realty LLC is a strong partner in the home buying process.
For more information, please visit www.findahomeinpa.com or call 610-687-4000.