Monday, July 21, 2014

Real Estate Market Update

Mid-year brings many reports outliining how various markets are doing and where they are headed. One of the most common indicators for our economy  is by looking at the real estate market. 

The crazy winter resulted in a slower start to the year, but it seems we are picking up in our local market. 

According to our local Trend MLS real estate reporting, in Montgomery county, PA June Settled Listings edged slightly above sales from last year, increasing 1.4%, while year-to-date sales are down 5.5% through June over last year.
There was a slight increase in Median Price in June as well, with a 0.7% increase. The year-to-date Median Price continues to stay ahead of last year by 1.1%.

Nationally, our foreclosure housing looks positive as well. 
“Nationwide foreclosure activity in June reached an important milestone, dropping to levels not seen since before the housing price bubble burst in August 2006,” said Daren Blomquist, vice president at RealtyTrac....Over the next six to nine months nationwide foreclosure numbers should start to flat line at consistent historically normal levels. June reported a total of 613,874 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2014, a 19 percent decrease from the previous six months and down 23 percent from the first half of 2013. The report also shows that 0.47 percent of all U.S. housing units (one in 214) had at least one foreclosure."

Monday, July 7, 2014

Royersford, PA (aka RoFo)

When I moved to Royersford, PA as a 15 year old coming from Northern Virginia I thought we were truly moving to the country. In 1999 there was no Kohls shopping center or Wawa at the 422 exit, Pope John Paul II high school was only rolling hills and the Spring Ford high school was brand new.
Over the years the area has developed (my family participated in growth by purchasing a new construction home in the area) and become more desirable based on the school ratings and convenience to both work and play.

The boro is being kept alive with stores and restaurants; Try Annamarie's famous breakfast menu or Giovanni's tasty Italian food. Iced by Betsy took over the unused train station a few years ago and continues to thrive as well as Sweet Ashley's Chocolate located right on Main St. Beth Anne's Flower and Calhouns Jewelers are perfect shops for a gifts.

Just outside the boro is Limerick and Upper Providence which offer even more shopping centers and restaurants, as well as schools, parks and one of my favorites- Renningers Farm (located right next to where I grew up) where you can pick your own fresh flowers and purchase locally grown fruits and vegetables.

Since this is my "hometown" I continue to sell homes in the area. Not surprisingly, they tend to sell pretty quickly! Here are two recent listings:

For Sale: Twin home asking $190,000

For Rent: Townhome located in Roboda development asking $1700 a month

Tuesday, June 24, 2014

Lansdale Living

What do you look for in a town you want to live in?
- close proximity to work
- good school rating
- convenience to shopping and dining
- near parks or trails

Having sold homes for over 7 years throughout the 5 county Philadelphia area, I've learned that a lot of towns have tons to offer their residents. Recently I've become more familiar with Lansdale, PA. Aside from using the exit on 476 hundreds of times, I didn't do much in Lansdale. I'm learning that the residents have so many things at their fingertips! It's no surprise why it's a popular place to call home for so many.

Spend the day at Fischer's Park with the family then meet up with friends at one of the numerous restaurants such as Osaka or Molly Maguire's Irish Pub. Jump on rte 476 and you'll be in King of Prussia in no time or take keep off the highway and head to downtown Doylestown. Both are less than 30 minutes away. Yesterday I stopped at Merrymead Farm to pick up some fresh, local produce for dinner (I stayed away from the homemade bakery items, but next time I don't think I'll be able to resist...) There are a few other farmer markets too which I personally love!

Did I mention the schools are highly ranked in PA too! 

If you're looking to move in to the area, want low maintenance living at an affordable cost, here is a home that may fit your needs:

More details here: