Marple Township Home Values

Location

Marple Township Home ValuesGet the latest Marple Township Home Values from your local expert. Contact us for an accurate Home Value Report 484-574-4088

Marple Township is a scenic and suburban area located in Delaware County, Pennsylvania. It is situated approximately 15 miles west of Philadelphia. Therefore it is a convenient location for commuters. As a result, It is also a match for people who want a suburban lifestyle. The township is bordered by several other communities like Springfield, Haverford and Radnor. For that reason, Marple Township is within easy reach of various local amenities and regional attractions.

Transportation access is a key feature of Marple Township. Several major highways are nearby. Specifically, U.S. Route 1 provides direct access to Philadelphia and Media to the west. Additionally, Interstate 476 offers north-south connections to areas like Plymouth Meeting and Chester. Summing up, this network of roads facilitates easy travel and also supports local commuting and business operations.

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Lifestyle

Marple Township offers a compelling blend of suburban tranquility and accessibility. Combined, these features make it an attractive location for potential residents. The area boasts a strong sense of community and safety. Particularly it ranks well in terms of low crime rates and community engagement. Furthermore, the public schools in Marple Township provide excellent educational opportunities which are crucial for families. The township also features numerous parks and recreational facilities. Additionally this includes the popular Marple Sports Arena. Equally important, this is augmented by several well-maintained parks, which provide ample space for outdoor activity.

Marple Township is also close to Philadelphia. This is another significant benefit. This combination allows the perks of suburban life along with easy access to the amenities of a major city. Summing up, the local infrastructure supports easy commuting, with efficient roads and public transportation. Correspondingly, the real estate market in Marple Township offers a range of housing options, from charming single-family homes to more modern developments. This caters to various preferences and budgets. Overall, this combination of lifestyle benefits, accessibility, and community features makes Marple Township an excellent relocation choice.

Schools

Marple Township is served by the Marple Newtown School District. The district is recognized for its commitment to educational excellence and student achievement. The district comprises several elementary schools, a middle school, and Marple Newtown High School. Collectively, they are all known for their robust academic programs and supportive learning environments. The schools here offer a diverse array of activities. This ensures that students have ample opportunities to explore their interests and develop a well-rounded education. Additionally, the district’s teachers foster a nurturing environment that promotes intellectual and personal growth.

The high academic standards and strong performance on state assessments highlight the quality of education. Marple Newtown High Schoolis noted for its high graduation rates and the significant numbers who attend college. The school also offers advanced placement courses and enrichment programs. These challenge students and prepare them for higher education and future careers. Schools in Marple Township emphasize the importance of community involvement and character building. This prepares students also to become responsible and engaged citizens. Altogeher, these attributes sum up to an outstanding education system.

Entertainment

Marple Township offers a variety of entertainment options for residents of all ages. This makes it an enjoyable place to live for both families and individuals. The Marple Sports Arena provides a hub for recreational activities including roller skating, indoor soccer, and a large play area for children. The township also features several well-maintained parks and recreational fields. These are ideal for picnics, sports, and outdoor gatherings. AMC Marple 10 Theater is a popular destination, offering the latest film releases in a comfortable setting. Additionally, the community often hosts seasonal festivals and markets. These add a vibrant touch to the local social scene and offer residents the opportunity to enjoy unique shopping and entertainment.

Beyond these local offerings, Marple Township is close to Philadelphia. This greatly expands the entertainment possibilities. Residents can easily access the rich cultural, historical, and recreational attractions of the city. These include world-class museums, theaters, and dining. Day trips or evening outings are convenietn to enjoy concerts, art exhibitions, and professional sports events. Moreover, the township itself is enriched with local eateries and shops. These providing a pleasant mix of small-town charm and urban accessibility. Marple Township offers a diverse and engaging entertainment landscape. To put it another way, the combination of entertainment factors in Marple Township provide great options for almost everybody.

Recreation

Marple Township provides ample recreational opportunities that enhance the quality of life for its residents. The township boasts a variety of parks and open spaces, including the expansive Veterans Park and the Marple Gardens Park. These provide venues for outdoor activities such as hiking, biking, and picnicking. These parks also host several community sports leagues for all ages. Soccer, baseball, and basketball teams abound which foster a strong community spirit and healthy lifestyles. Additionally, the New Ardmore Avenue Community Center in the township offers a range of programs and activities. These include yoga classes, arts and crafts sessions, and educational workshops.

For golf enthusiasts, Marple Township is home to the Paxon Hollow Country Club. This is a well-maintained golf course known for its challenging layout and scenic views. This club provides a venue for golf and also serves as a gathering place for social events and family activities. Additionally, Marple also organizes various seasonal events and festivals that bring residents together to provide entertainment and fun for families. These often include live music, food vendors, and activities for children. Overall, the recreational offerings in Marple Township are both varied and abundant.This ensures that residents have many options to enjoy and engage with their local environment.

Business

Marple Township is primarily residential, and also offers various employment opportunities within its borders. Sectors such as retail, education, and healthcare are all represented. The presence of local businesses, including shops and restaurants, provides employment for those in the service industry. Marple Newtown School District is one of the major employers in the area. The district offers numerous positions ranging from teaching and administration to support and maintenance roles. The healthcare sector also contributes to local employment. Bryn Mawr Hospital and various clinics offer roles for healthcare professionals and administrative staff.

The employment landscape expands significantly when considering the neighboring cities and the greater Philadelphia area. Philadelphia, just a short drive away, is a hub for a wide range of industries. This provides a plethora of job opportunities for Marple Township residents willing to commute. Major institutions such as the University of Pennsylvania, Comcast, and the Children’s Hospital of Philadelphia are top employers. Proximity to major highways and public transportation enhances accessibility to these jobs This makes Marple Township an ideal location for professionals seeking diverse career opportunities. To summarize, the location of Marple offers residential options for people employed in a lot of diverse sectors.

Types of Homes

Marple Township offers a diverse range of housing options. This caters to various preferences and budgets, making it a desirable place for potential homeowners. The residential landscape in the township is characterized by a mix of charming single-family homes, townhouses, and apartments. These homes vary in style from traditional Colonial and Cape Cod designs to more modern constructions. Many of the single-family homes come with spacious yards and are situated on quiet, tree-lined streets. Additionally, the township has several developments featuring townhomes and condominiums. These are popular among those looking for lower maintenance living or more affordable entry points.

The real estate market in Marple Township is dynamic. Options ranging from more modest, starter homes to larger, upscale properties. This variety ensures that both first-time homebuyers and those looking to upgrade or downsize can find something suitable. The township has seen steady growth, leading to the development of new residential areas like condominiums and town houses. These newer constructions often include community features such as pools, clubhouses, and common green spaces, enhancing the appeal for residents. Marple Township continues to attract a diverse population, contributing to a vibrant and growing community.

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POWER OF HOME OWNERSHIP IN MEDIA, PA

POWER OF HOME OWNERSHIP IN MEDIA, PA

Amidst the swirling uncertainties of 2023, whispers of an impending recession cast shadows over the real estate horizon. Speculations ran rife, with some media outlets ominously predicting a daunting 10-20% plummet in housing prices. Such forecasts might have left you grappling with doubt about stepping into the real estate market.

But reality painted a different picture: home prices surged, defying expectations. Brian D. Luke, the Head of Commodities at S&P Dow Jones Indices, sheds light on the unexpected turn of events:

“Reflecting on the past year, 2023 has surpassed the average annual home price gains observed over the last 35 years.”

Check out this chart of projected value growth in you buy the median priced home right now in the Media, PA area.

WEALTH INCREASE, HOME OWNERSHIP, MEDIA, PA AREA
Initial Investment $27,000
Purchse Price $320,000
Annual Appreciation % 3.5%
End of Year Estimated Value Cum Gain Cum Gain/ initial Inv.
1 $331,200 $11,200 41%
2 $342,792 $22,792 84%
3 $354,790 $34,790 129%
4 $367,207 $47,207 175%
5 $380,060 $60,060 222%
6 $393,362 $73,362 272%
7 $407,129 $87,129 323%
8 $421,379 $101,379 375%
9 $436,127 $116,127 430%
10 $451,392 $131,392 487%
11 $467,190 $147,190 545%
12 $483,542 $163,542 606%
13 $500,466 $180,466 668%
14 $517,982 $197,982 733%
15 $536,112 $216,112 800%
16 $554,876 $234,876 870%
17 $574,296 $254,296 942%
18 $594,397 $274,397 1016%
19 $615,200 $295,200 1093%
20 $636,732 $316,732 1173%

The resounding message? Home prices exhibit a consistent upward trajectory.

As Forbes succinctly articulates:

“. . . the U.S. real estate market boasts a longstanding and dependable track record of appreciating in value over time.”

Indeed, since 1980, the sole instance of a decline in home prices occurred during the housing market crash, vividly highlighted in red on the graph. Fortunately, today’s market bears little resemblance to the tumult of 2008. Scarce housing inventory struggles to meet burgeoning buyer demand, while homeowners enjoy substantial equity, fortifying their financial positions. Thus, the specter of a foreclosure wave, capable of precipitating price drops, remains remote.

For more evidence that home ownership is a powerful wealth producing tool, consider the below graph of median home sale prices in he Media, PA area for the last 10 years.

In the last 10 years, median sales price has gone from $408,000 to 629,250, an increase of $221,250 on an initial investment of about $53,000 or 417%

The near-universal uptrend in home values, barring the isolated downturns underscores the wisdom of homeownership as a potent investment strategy. By owning a home, you possess an asset primed for appreciation, steadily bolstering your net worth over time.

Therefore, if you find yourself on solid financial ground, equipped to navigate the responsibilities and expenses entailed in homeownership, seizing the opportunity to buy a home could prove astute.

If finding the estimated 13% of the purchase price is a challenge for you, it could well be a positive move for you to find a “fixer upper”. That is the subject of another article, but that can increase your returns even more.

In summary, The trajectory of home prices typically trends upward, solidifying homeownership as a savvy financial move, provided you’re prepared. Let’s collaborate to explore your objectives and the available options in Media, PA’s dynamic real estate landscape.

Call or text to 484 574 4088 to set up a time for us to chat about how to get you on this proven road to individual and family wealth.

WEALTH VIA HOME OWNERSHIP IN MEDIA, PA AREA; ZIP CODE 19063

Wealth VIA Home Ownership IN Media, PA Area; ZIP CODE 19063

Navigating the real estate market in the Media, PA area, especially within the 19063 zip code, can be a pathway to substantial wealth building for both first-time and move-up buyers. This blog post aims to shed light on how the current market conditions in Media, PA, make it an opportune time for homeownership and investment. Let’s dive into the key takeaways and data that underline why the Media, PA real estate market stands out as an attractive investment alternative.

Key Insights for Prospective Homeowners in Media, PA

For First-Time Buyers: The journey to purchasing your first home in the Media, PA area might seem daunting, especially with higher mortgage interest rates. However, owning real estate remains one of the most lucrative investment channels. For those ready to navigate the financial landscape, the rewards of property investment in the Media area are unparalleled.

For Move-Up Buyers: The strength of the Media, PA real estate market offers assurance that you can sell your current home at a satisfactory price and in a timely manner. This confidence is rooted in solid market performance and favorable conditions for sellers.

Understanding the Media, PA Real Estate Market (Zip Code 19063)

The Media, PA area real estate market is characterized by a strong and stable environment, promising continued growth and investment returns. Here’s a closer look at the indicators reinforcing this positive outlook:

  • Median Sold Price: In 2023, the median sale price for single-family homes in the Media area (zip code 19063) reached an impressive $725,500. This figure is a median, reflecting a balanced overview of the market prices, and underscores the market’s robustness with consistent price appreciation. Please see below for a graph of this outstanding performance.

  • Listing Price vs. Sold Price: Data from recent years shows that homes in the Media area have been selling for more than their listing prices, indicating a highly competitive market. This trend is unusual, as typically, selling prices are about 96% to 98% of the listing price in strong markets. The continuation of this trend is likely, signaling ongoing demand and price growth.
  • Inventory Levels: Currently, the Media area boasts a low inventory of just 2 to 3 months. Markets are considered to favor sellers when the inventory is below 5 months, as it signifies higher demand than supply, leading to price increases.

  • Days on Market: Homes in the Media, PA area are selling rapidly, often within a week if they’re well priced and marketed effectively. This quick turnover rate is a testament to the market’s vitality and the strong demand for residential properties.

Conclusion

The real estate market in the Media, PA area, particularly within the 19063 zip code, presents a golden opportunity for building wealth through home ownership. Whether you’re a first-time buyer navigating the complexities of the market or a move-up buyer seeking to leverage the strong market conditions, the outlook is promising. The combination of a robust median sale price, a competitive market dynamic, low inventory, and quick sales cycles all point to the Media area as an ideal location for real estate investment. Now is the time to explore how you can unlock the potential for wealth building in this vibrant and growing market.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.  Prices are still going up and I see lots of reasons why that will continue.
  • One option is to connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, I believe that it is and I suggest we connect soon.  There are plenty of buyers out there right now trying to find a home that fits their needs.
  • To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.

REAL ESTATE IN WEST CHESTER, ZIP CODE 19382

REAL ESTATE IN WEST CHESTER, ZIP CODE 19382

So, what does this article really mean for buyers and sellers. Two main take aways:

  • For the first time buyer, granted the higher mortgage interest rates have made it more expensive for you to buy that first home. However, if you have or can get the financial wherewithal to do it, real estate still represents your most attractive investment alternative.
  • For the move up buyer, in this strong market, you can be confident that your home can be sold for a  price that you will feel good about, and in a short amount of time.
  • Now lets go through the data and see why that is true.

As we look at the key market indicators, they all point to a strong real estate market that has rewarded home owners and will contnue to do so in the future.

The most important statistic to buyers and sellers is the price trend of single family homes in West Chester, zip code 19382. In 2023 this stood at a robust $725,500. This metric represents the middle point of all the sold prices in the market, providing a snapshot of the overall price range. With a median sold price of $725,500  and a string of steady price increases, this is solid evidence of a very good real estate market. Further evidence of this is the comparison listing price to sold price.

As seen in the below graph, the actual selling price has been over the listing price for the last three years. That is evidence of a very high demand for residential homes in West Chester.  This is not normal. Usually selling prices in a strong market are 96% to 98% of the listing price. Forecasts are, however, that we will continue to see steady price increases into the future.

Why this strong market at the present time and why the forecast that this will continue? The biggest driver is the relatively small number of homes for sale.

The below graph shows that we have only 2 to 3 months of inventory on hand. Any time we have under 5 months of inventory, that means that the number of buyers is bigger than the number of sellers. That always means that prices go up.

More evidence of the strength of the current market is the number of days it takes to sell a house. The below graph shows that the median days on market have been about a week for the last two years+.That means if you put your house on the market and it is well priced and well marketed, you will have an agreement of sale in about a week.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.  Prices are still going up and I see lots of reasons why that will continue.
  • One option is to connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, I believe that it is and I suggest we connect soon.  There are plenty of buyers out there right now trying to find a home that fits their needs.
  • To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.

REAL ESTATE IN WEST CHESTER, ZIP CODE 19380

REAL ESTATE IN WEST CHESTER, ZIP CODE 19380

So, what does this article really mean for buyers and sellers. Two main take aways:

  • For the first time buyer, granted the higher mortgage interest rates have made it more expensive for you to buy that first home. However, if you have or can get the financial wherewithal to do it, real estate still represents your most attractive investment alternative.
  • For the move up buyer, in this strong market, you can be confident that your home can be sold for a  price that you will feel good about, and in a short amount of time.
  • Now lets go through the data and see why that is true.

 

As we look at the key market indicators, they all point to a strong real estate market that has rewarded home owners and will contnue to do so in the future.

The most important statistic to buyers and sellers is the price trend of single family homes in West Chester, zip code 19380. In 2023 this stood at a robust $700,500. This metric represents the middle point of all the sold prices in the market, providing a snapshot of the overall price range. With a median sold price of $700,500  and a string of steady price increases, this is solid evidence of a very good real estate market. Further evidence of this is the comparison listing price to sold price.

As seen in the below graph, the actual selling price has been over the listing price for the last three years. That is evidence of a very high demand for residential homes in West Chester.  This is not normal. Usually selling prices in a strong market are 96% to 98% of the listing price. Forecasts are, however, tha we will continue to see steady price increases into the future.

Why this strong market at the present time and why the forecast that this will continue. The biggest driver is the relatively small number of homes for sale.

The below graph shows that we have only 2 to 3 months of inventory on hand. Any time we have under 5 months of inventory, that means that the number of buyers is bigger than the number of sellers. That always means that prices go up.

The big bump in February of 2023 is a mistake, but the other months are accurate.

More evidence of the strength of the current market is the number of days it takes to sell a house. The below graph shows that the median days on market have been about a week for the last two years+. (Again, apologies for February, 2023 which is a mistake). That means if you put your house on the market and it is well priced and well marketed, you will have an agreement of sale in about a week.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.  Prices are still going up and I see lots of reasons why that will continue.
  • One option is to connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, I believe that it is and I suggest we connect soon.  There are plenty of buyers out there right now trying to find a home that fits their needs.
  • To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.

DELAWARE COUNTY, PA – IMPORTANT REAL ESTATE TRENDS

Important Real Estate Trends, Delaware County, Pennsylvania

To get the best understanding of the trends, I suggest you first look at the back  up graphs by clicking on  https://bit.ly/Delaware_County_Important_Real_Estate_Trends and either print or open that on a second screen.

Ladies and gentlemen, today we are going to delve into the fascinating world of real estate trends. Now, I know what you’re thinking, “How can real estate trends be fascinating?” But trust me, these numbers have the power to reveal some intriguing insights about the market. So, whether you’re a buyer or a seller, buckle up and get ready to uncover the correlation between these metrics.

Let’s start with the Months Supply of Inventory, which currently stands at 1.27. This metric represents the number of months it would take to sell all the available homes on the market, given the current pace of sales. A lower value indicates a tighter market, where demand outstrips supply. And boy, oh boy, do we have a tight market here! With just 1.27 months of inventory, sellers have the upper hand, and buyers must act swiftly to secure their dream homes.

Next lets look at the Median Estimated Property Value for houses in Delco. Bumping up against $400,000 which also shows the robust growth in the last few years. This tells you why real estate is the #1 investment choice in the USA today.

New Listings in Delco came to 510 in November with a median list price of $299,999.

Active Listings in the County came to 613 with a median list price of $339,900.

New pending listings shows the number of properties on which agreements of sale were reached, 506 with a median value of $310,000.

In total,there are 712 houses that are pending in the county.

Sold Listings, house on which settlements were completed came to 464 with a median value of $300,000.

But what does this mean for the median days homes are on the market? Well, strap in folks, because this number is mind-blowingly low at just 14 days! Yes, you heard that right. Homes are flying off the market faster than a cheetah chasing its prey. This indicates that buyers must act with lightning speed if they want to snag their dream home before someone else does.

Now, let’s talk about the list to sold price percentage, which stands at a remarkable 102.1%. This percentage represents how close the final selling price is to the original listing price. A value above 100% tells us that homes are often selling above their initial asking price. Sellers, rejoice once again! This metric highlights the fierce competition among buyers, leading to bidding wars and ultimately driving up prices.

Speaking of prices, let’s wrap up our analysis with the median sold price, which currently sits at a cool $300,000. Now, this number may vary depending on the specific market, but it gives us a general idea of the price range we’re dealing with. Buyers, fear not! Despite the competitive market, there are still opportunities to find homes within your budget.

Now, let’s shift our attention to the 12-Month Change in Months of Inventory, which has experienced a jaw-dropping decrease of 30.22%. This means that over the past year, the supply of homes on the market has significantly dwindled. Sellers, rejoice! This decrease in inventory suggests a surge in demand, leading to a highly competitive market.

So, dear buyers and sellers, the correlation between these metrics is quite clear. Low inventory levels, a significant decrease in supply, homes selling in a flash, prices soaring above listing prices, and a median sold price of $300,000 all point to one thing – a red-hot real estate market. Buyers, fasten your seatbelts and be ready to act swiftly. Sellers, rejoice in the favorable conditions, but remember to price your homes strategically to maximize your profit.

So, what are the implications for Buyers and Sellers in Delaware County?

Sellers – you can be confident that if you choose to put your house on the market, it will sell quickly for a price that you will be happpy with.

First Time and Move up Buyers  – if you decide to make that move, you can be confident that the value of your new house will continue to increase and grow your famly’s net worth.

Now that we’ve shed light on these exciting correlations, I hope you’re feeling more informed and prepared to navigate the real estate market. Remember, knowledge is power, and armed with these insights, you can confidently make your next move in the world of buying or selling real estate.

If you would like to discuss how this applies to your personal real estate situation, please call or text me at 484 574 4088; or go to JohnHerreid.com to get in touch. We can do it in person or on the computer, whichever is best for you.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.  Prices are still going up and I see lots of reasons why that will continue.
  • One option is to connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, I believe that it is and I suggest we connect soon.  There are plenty of buyers out there right now trying to find a home that fits their needs.
  • To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.

NAVIGATE THE MEDIA, PA REAL ESTATE WITH CONFIDENCE

Navigate the Media, PA Real Estate Landscape with Confidence

In the dynamic world of real estate, negative news and online discussions often sow uncertainty. Jason Lewris, Co-Founder and Chief Data Officer at Parcl, emphasizes that decisions driven by fear, uncertainty, and doubt can arise when reliable information is lacking. However, don’t let fear dictate your choices – a knowledgeable local real estate agent can bring the clarity you need.

Understanding the Local Market:

In Media, PA, a seasoned real estate agent can provide valuable insights into home prices, housing supply, and expert forecasts. By tapping into their expertise, you can make informed decisions that align with both national trends and the unique characteristics of your local area. Ensure the chosen agent comprehends pricing trends, market supply, time-to-sale metrics, and the intricate interplay of these factors.

Debunking Headlines with Reliable Data:

Your local agent will dismantle sensational headlines using reliable data, offering a grounded perspective on the market. Their deep industry knowledge provides context, enabling you to compare current trends with historical data and market fluctuations.

A trusted agent ensures you’re well-versed in both national and local market dynamics, empowering you to confidently navigate the potentially life-changing decision of buying or selling a home.

Considering Your Next Move:

For those contemplating selling in a low-supply market like Media, understanding the impact on your move is crucial. Whether you lean towards a newly constructed home or an existing one, a local real estate agent can guide you through exploring all available options.

Pros of Newly Built Homes:
  • Craft your ideal home with personalized features.
  • Leverage energy-efficient options.
  • Reduce repairs with builder warranties.
  • Revel in the novelty of a brand-new home.
Pros of Existing Homes:
  • Explore a diverse range of styles and floorplans.
  • Integrate into an established neighborhood.
  • Enjoy mature trees and landscaping.
  • Embrace the unique charm of older homes.

I have a proven strategy for ensuring you find the home you truly desire. Developed when my wife and I, married for 57 years, decided to downsize, it proved successful for us and can work for you too. To learn the details, reach out, and let’s have a conversation.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.  Prices are still going up and I see lots of reasons why that will continue.
  • One option is to connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, I believe that it is and I suggest we connect soon.  There are plenty of buyers out there right now trying to find a home that fits their needs.
  • To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.

NAVIGATE THE WEST CHESTER, PA REAL ESTATE MARKET WITH CONFIDENCE

Navigate the West Chester, PA Real Estate Market with Confidence

Are you feeling anxious about the West Chester, PA housing market due to negative headlines and social media buzz? It’s time to take control of your decisions and eliminate fear from the equation. In this article, we’ll explore how a trusted local real estate agent can be your guide to understanding the market and making confident choices.

Introduction:

Negative news and social media chatter often create uncertainty in the real estate market. Jason Lewris, Co-Founder and Chief Data Officer at Parcl, highlights that fear, uncertainty, and doubt can drive decisions in the absence of reliable information. However, you don’t have to succumb to fear; a local real estate agent can provide the clarity you need.

Understanding the Local Market:

In West Chester, PA, a knowledgeable real estate agent can offer insights into home prices, housing supply, and expert forecasts, helping you distinguish fact from fiction. By leveraging their expertise, you can make informed decisions aligned with both national trends and the unique characteristics of your local area. Make sure that the agent you choose understands pricing trends (up, down or sideways), supply of houses on the market, how long it takes to sell a house and how all of these factors (and others) interact with one another.

Debunking Headlines with Trustworthy Data:

Your local agent will debunk sensational headlines using trustworthy data, offering you a realistic perspective on the market. Their in-depth industry knowledge provides context, allowing you to compare current trends with historical data and market fluctuations.

A trusted agent ensures you’re well-informed about the national and local market dynamics. With this information, you can confidently navigate the potentially life-changing milestone of buying or selling a home.

But if you have decided to sell you present house, how do you make sure you can find the house you really want in a very tight market?

Considering Your Next Move:

For those contemplating selling in a low-supply market, understanding the impact on your move is crucial. Whether you prefer a newly built home or an existing one, a local real estate agent can help you explore all options.

Pros of Newly Built Homes:

  • Create your dream home with custom features.
  • Benefit from energy efficiency options.
  • Minimize repairs with builder warranties.
  • Enjoy the novelty of a brand-new home.

Pros of Existing Homes:

  • Explore a variety of styles and floorplans.
  • Join an established neighborhood.
  • Appreciate mature trees and landscaping.
  • Embrace the lived-in charm of older homes.

I do have a strategy for making sure that you can find the house you really want. It is something I invented for myself when my wife of 57 years and I finally decided to downsize. It worked great for us and it can for you too. If you would like to learn the deatails, just get in touch so that we can talk.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.  Prices are still going up and I see lots of reasons why that will continue.
  • One option is to connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, I believe that it is and I suggest we connect soon.  There are plenty of buyers out there right now trying to find a home that fits their needs.
  • To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.

 

WEST CHESTER, PA REAL ESTATE. WEATHERING UNCERTAINTIES WITH OPTIMISM

Please watch the video first. It kind of sets up the whole article.

West Chester, PA Real Estate: Weathering Uncertainties with Optimism

The real estate market in West Chester, PA, is a focal point of discussion for buyers and sellers alike, especially with the looming concerns about a potential recession and its possible effects on the economy. This raises questions about the implications for the housing market in our picturesque Pennsylvania town.

Recent talks have been dominated by the potential of a recession, sparking fears such as increased unemployment rates and the possibility of foreclosures like those witnessed 15 years ago. However, the sentiment is shifting towards optimism.

A key report from the Wall Street Journal’s Economic Forecasting Survey underscores this change in attitude. Now, less than half of the economists (48%) foresee a recession in the next year, a notable decrease from the 54% average in July. This is the first instance in over a year where the likelihood has fallen below 50%, indicating a more stable economic forecast for the West Chester area.

The concern regarding rising unemployment rates is pertinent to its impact on the housing market. Yet, current projections are reassuring. While some job losses might occur, they are not expected to be severe enough to trigger a widespread wave of foreclosures or significantly destabilize the housing market.

To understand this better, it’s useful to look at historical data from Macrotrends and the Bureau of Labor Statistics. The current unemployment rate is close to historic lows. For context, the average unemployment rate since 1948 is 5.7%, and it peaked at 8.3% during the 2008 crisis. Today’s figures are substantially lower than these historical benchmarks, indicating a stronger employment landscape.

Future projections suggest that the unemployment rate will likely stay below the 75-year average, a positive sign for the housing market in West Chester, PA. This implies a low risk of a housing market crash due to a surge in foreclosures.

For sellers, the situation is favorable. Homes in West Chester are selling quickly, often within a week of listing, provided they are well-marketed and priced appropriately. Prices have risen by 13% in the past two years through November, and the trend is expected to continue due to the limited housing inventory, which currently stands at a 3-4 month supply.

For buyers, especially those upgrading their homes, finding the right property requires a skilled realtor, especially in this competitive market. I have a strategy just for move up buyers that works successfully and avoids the risk of not finding that house that you will love.

For first-time buyers, while higher mortgage rates may be a concern, there are innovative strategies to manage this challenge. With house prices predicted to keep rising in the coming years, now is an opportune time to enter the market.

In summary, the West Chester, PA real estate market stands resilient and strong, even amidst economic uncertainties. Most economists now discount the likelihood of an imminent recession and do not anticipate a significant rise in unemployment leading to a housing market downturn. For those concerned about unemployment and its effect on the West Chester housing market, it’s an excellent time to seek expert advice and explore local real estate opportunities.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.
  • It’s also important to remember that every local market is different. That’s why it’s essential to lean on an expert for the latest information on the market in your area if you’re planning to make a move. I would like to become that real estate expert upon whom you can lean.
  • Let’s connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • To get a quick update of what is new in real estate, click here to check out our new videos.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • No doubt, the housing market is changing, and it can be a confusing place right now. I suggest that we connect so that I can help you make confident and informed decisions about what’s happening.
  • If you’re looking to make that move up buy this year, I believe now is a good time to do it. The best way to ensure you’re up to date on the latest market insights is to partner with a trusted real estate advisor. Let’s connect. I would like to interview for the job of becoming your trusted real estate advisor. Again we can do that in person or on the computer.
  • One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. By selling your house and leveraging your equity, it can be easier to pay for your next home. Let’s connect to find out how much equity you have in your current home and how you can use it to fuel your next purchase.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, let’s connect today.
  • There are plenty of buyers out there right now trying to find a home that fits their needs. That’s because the job market is strong, and many people have the stable income needed to seriously consider homeownership. To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.

MEDIA, PA REAL ESTATE MARKET: RESILIENT IN THE FACE OF UNCERTAINTLY

Media, PA Real Estate Market: Resilient in the Face of Uncertainty

In Media, PA, the real estate market is a hot topic for both buyers and sellers. Amidst widespread concerns about a potential recession and its effects on the economy, it’s natural to wonder how this might impact the housing market in our charming Pennsylvania town.

Recent discussions have centered around the possibility of a recession, and the fears that come with it, such as rising unemployment rates and the specter of foreclosures reminiscent of those seen 15 years ago. However, the narrative is changing, and there’s a growing sense of optimism.

A pivotal report from the Wall Street Journal’s Economic Forecasting Survey highlights this shift in perspective. Less than half of economists (48%) now predict a recession within the next year. This marks a significant drop from the 54% average in July and is the first time in over a year that the probability has dipped below 50%. This growing optimism among experts suggests a more stable economic outlook for the Media area.

The concern of rising unemployment rates naturally extends to its potential impact on the housing market. However, current projections offer a reassuring picture. Data indicates that while some job losses may occur, they are unlikely to reach a magnitude that would trigger a widespread wave of foreclosures or destabilize the housing market significantly.

It’s essential to understand this in the context of historical data from Macrotrends and the Bureau of Labor Statistics. The current unemployment rate is near historic lows. To put it in perspective, the average unemployment rate since 1948 is 5.7%, and during the 2008 financial crisis, it rose to 8.3%. Today’s figures are considerably lower than these benchmarks, suggesting a more robust employment landscape.

Looking ahead, projections indicate that the unemployment rate will likely remain below the 75-year average. This is an encouraging sign for the housing market in Media, PA, suggesting that the risks of a housing market crash caused by a wave of foreclosures are low.

What does this mean for sellers? Houses are selling rapidly in Media for prices that are making sellers happy.

  • Only about a week on the market until there is an agreement of sale, if the house is well marketed and well priced. If you are thinking about selling, this is very good news.
  • Prices continue to go up, 13% in the last two years, through November.
  • Will this continue, yes I think it will because there are very few houses on the market. Only a 3-4 month inventory.

What does this mean for buyers?

  • If you are a move up buyer, you will need a good realtor to make sure you can find the house you want to move into. I have a strategy that has worked well for move up buyers in this tight market. It will work for  yiou and I would love to share it with you.
  • If you are a first time buyer, the hgher mortgage rates have no doubt got you concerned. However there are inventive ways to manage this and again I would love to share them with you.
  • House prices are forecast to continue to go up for the next several years so the best time to make that move is now.

In summary, the Media, PA real estate market remains strong and resilient, even in the face of economic uncertainties. Most economists no longer anticipate a recession in the near future, nor do they foresee a dramatic spike in unemployment leading to widespread foreclosures and a housing market collapse. For those with questions about unemployment and its impact on the housing market in Media, PA, it’s a great time to seek expert advice and explore the opportunities in our local real estate landscape.

here is what you need to do to make the right decision for you

  • Buyers: If you’ve been holding off on buying because you were worried the value of your home would go down, knowing home prices are stable and increasing is reasuring. It also gives you the opportunity to own something that usually becomes more valuable as time goes on.
  • Sellers: If you’ve been waiting to sell your house because you were concerned about how changing home prices would affect its value, this should also reassure you. Even with the recent increase in mortgage rates, teaming with a real estate agent and getting your house on the market is the logical and smartest thing to do.
  • It’s also important to remember that every local market is different. That’s why it’s essential to lean on an expert for the latest information on the market in your area if you’re planning to make a move. I would like to become that real estate expert upon whom you can lean.
  • Let’s connect on the computer and have a virtual meeting. That is a great way to learn and see if I am the person you would like to do business with. Just call or text to 484-574-4088 or email to john@johnherreid.com
  • Do I think that now is a good time to buy that first house or to sell and make that move up buy?  Again, absolutely yes.
  • To get a quick update of what is new in real estate, click here to check out our new videos.
  • Interested in what recent clients think of my service? Click here to read what they say.
  • Interested to know what your house is worth? Click here to get the most extensive and accurate estimate of home value that is available on the Internet. No cost or obligation of course.
  • No doubt, the housing market is changing, and it can be a confusing place right now. I suggest that we connect so that I can help you make confident and informed decisions about what’s happening.
  • If you’re looking to make that move up buy this year, I believe now is a good time to do it. The best way to ensure you’re up to date on the latest market insights is to partner with a trusted real estate advisor. Let’s connect. I would like to interview for the job of becoming your trusted real estate advisor. Again we can do that in person or on the computer.
  • One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. By selling your house and leveraging your equity, it can be easier to pay for your next home. Let’s connect to find out how much equity you have in your current home and how you can use it to fuel your next purchase.
  • There are clear opportunities for sellers right now. If you’re wondering if it’s the right time to make a move, let’s connect today.
  • There are plenty of buyers out there right now trying to find a home that fits their needs. That’s because the job market is strong, and many people have the stable income needed to seriously consider homeownership. To put your house on the market and get in on the action, let’s connect on Zoom, in person or on the phone at 484 574 4088.