Lehigh Valley

post thumbnail

Lehigh Valley Market Update August 2008

Comparison of Lehigh Valley Home Sales from August 2007 to August 2008: // –> // –> Number of Sales – During August 2008, 520 sales were reported, down approximately 23.4% from August 2007 at 679. Average Sales Price – The average sales price for August 2008 was recorded at $228,000, down approximately 5.8% from August 2007 when [...]

20Dec2011 | GoValley | 1 comment | Continued
post thumbnail

Lehigh Valley Market Update July 2008

Comparison of Activity from June 2008 to July 2008 // –> // –> List Price to Sold Price Ratio: The average sale price compared to list price for residential properties sold  in the Lehigh Valley during the month of July 2008 is 97%, which remained the same since April 2008. New Construction: For newly constructed [...]

18Dec2011 | GoValley | 0 comments | Continued
post thumbnail

New Lehigh Valley MLS Search Engine

If you are looking to search for homes for sale in the greater Lehigh Valley Area, including Allentown, Bethlehem, and Easton you can now do so with ease. Introducing www.GoValleyHomeFinder.com ! This is a brand new free online search engine that gives you direct access to the Lehigh Valley Mult List system – the same one [...]

10Dec2011 | admin | 0 comments | Continued
post thumbnail

Can I Get A Good Deal in The Lehigh Valley?

Prices are definitely coming down, that’s a good thing. But, its not a fire sale. Two and three years ago when the market was hot, homes were over priced and selling for more than they were worth in some cases. What’s happening now is that home prices are coming back into line of where they [...]

9Dec2011 | admin | 0 comments | Continued
post thumbnail

U.S. Senate Passes Housing Stimulus Bill

The U.S. Senate passed a bipartisan mortgage rescue bill last Friday that allows the Federal Housing Administration to refinance troubled mortgages – even those that are under water – as long as banks agree to take a loss. The program would allow the FHA to help as many as 400,000 home owners. Now the bill [...]

6Dec2011 | admin | 0 comments | Continued
post thumbnail

Lehigh Valley Real Estate Statistics

Lehigh Valley Real Estate Statistics: The statistics presented in Market Update are compiled each month based on the figures generated from the Lehigh Valley Association of REALTORS® Multiple Listing Service. Average sales prices and median prices fluctuate monthly depending upon the number of sales at the high or low end of the price range. The [...]

5Dec2011 | admin | 0 comments | Continued
post thumbnail

Lehigh Valley Home Sales June 2008

Comparison of Activity from June 2007 to June 2008: Number of Sales – During June 2008, 550 sales were reported, down approximately 29.3% from June 2007 at 778. Average Sales Price – The average sales price for June 2008 was recorded at $234,000, down approximately 0.85% from June 2007 when the average sales price of [...]

3Dec2011 | admin | 0 comments | Continued
post thumbnail

Lehigh Valley Home Sales May 2008

Number of Sales: During May 2008, 517 home sales were reported in the Lehigh Valley, down 22% from May 2007 at 663. Average Sales Price: The average sales price for May 2008 was recorded at $217,000, which is up approximatly 9% from May 2007 when the average sales price was recorded at $215,000. The average sales [...]

28Nov2011 | admin | 0 comments | Continued
post thumbnail

Real Estate transfer tax revenue down

In a recent Morning Call letter to the editor, LVAR (Lehigh Valley Association of Realtors) expressed  frustration with government officials continued reliance on the real estate transfer tax (PA recieve 2% on every Lehigh Valley Real Estate Transaction, buyer and seller each pay 1%).  Municipalities that were once booming with residential development are seeing the effects [...]

24Nov2011 | admin | 0 comments | Continued
post thumbnail

Rendell vetoes spot assessments bills

The victory for REALTOR® and real estate consumers was short lived as Governor Ed Rendell vetoed legislation aimed at protecting consumers from spot reassessments.  Despite the overwhelming bipartisan support in both houses of the legislature.  LVAR (Lehigh Valley Association of Realtors) issued a press release expressing our disappointment with the Governor’s decision.  LVAR will continue [...]

16Nov2011 | admin | 0 comments | Continued