West Chester Real Estate Market Report - Chester County, Pennsylvania
West Chester, Pennsylvania - Chester County
| Market Commentary Provided by The Mike Spillane Team The first time home buyer incentive and low interest rates are keeping the lower end of the market alive. These lower end sales will slowly increase the higher priced market through move up buyers. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
The Mike Spillane Team
Keller Williams Real Estate Exton, Pennsylvania Direct: 610-363-4364 realestate@teamspillane.com Agent Home Page  |
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| Nearest Metro Area | |||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 30-60 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $300,000 - View Graph Trend | ||||
| Best Selling Price Range | |||||
| Worst Selling Price Range | |||||
| Compared to Last Year | No Change | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in West Chester is | |||||
| Seller Activity for the past 90 days in West Chester is | |||||
| Is Financing Available For Qualified Buyers in West Chester? | |||||
| Existing Home Prices for the past 90 days are | |||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||||
| Housing Hot Spots | The West Chester Borough is a hot spot. The homes in the borough have continued to increase in value. | ||||
| Reason to Buy/Sell | Good economic news | ||||
| Average Sold Price | $300,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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