Home for Sale in Wiltshire Walk, Newtown Township , Council Rock Schools

How great is this home???

48 Brecknock Court

Newtown Township / Council Rock Schools

$470,000

www.48Brecknock.com

This 3 bedroom, 2.5 bath townhome in Wiltshire Walk has all the goodies: hardwood floors throughout the main floor, gourmet kitchen with premium appliance package and custom tile backsplash, upgraded trim package with shadowbox molding in the formal living and dining room...

Not to mention, the drop-dead gorgeous finished basement with huge media room wired for home theater, private office/playroom with french doors, exercise room, and you still have plenty of storage.

Bucks County Real Estate Inventory - February 2009

Bucks County has seen some positive movement on the Months Supply of Inventory (the number of months it would take to sell all the homes on the market at the current sales rate). Our December numbers were 16.2 months, which was the highest MSI (Months Supply of Inventory) we had seen in over two years. Our January 2009 number dropped to 13 MSI, and February ended at 11.2 MSI. Although it's an increase of 42% from Febrauary 2008, and 110% from February 2007, I'm pleased to see a consistent trending downward of the MSI since our high in December.

***Hint - click on the picture to enlarge***

Bucks County Real Estate Inventory - December 2008

We saw an increase in the Months Supply of Inventory from our November numbers of 14.7 months supply of inventory. As of December, we currently have 16.2 months supply of inventory of single family homes, an increase of 76% over two years.

What does this mean to Sellers in Bucks County?

Well, what it doesn't mean is that you'll never be able to sell your home in this market. Homes sell every day, and not all of them are distressed, well-under-market, deal-of-the-century sales. There are plenty of people selling their homes at market value, and moving forward with their lives in a reasonable amount of time.

It does mean that you need to know what you're doing in this market. I'll repeat some advice I gave in November when I presented the October 2008 Months Supply of Inventory:

In order: get it staged, price it right, market the hell out of it.

Want to talk some more, or see the statistics for your local municipality? Shoot me an email, and I'll send it right out to you.

Hey, Baby, What's Your Number(s)?

'Tis the season to be wrapping up - not only my gifts but my year end stats. I've been going through my business this year, figuring out where my business has come from, what it looks like, and where it's going.

First, I want to thank all my family, friends, and past clients for all their referrals over the past year. I'm so proud and grateful that you've entrusted me with your own friends and family. Almost 70% of my business this year came from you, and it's a rockin' way to run a business. I work with nice people, do a great job for them, and they send nice people my way. Perfect!

Thank you.

Down to the nitty-gritty of my sales numbers. I think they show that you CAN sell a house in this market, and I know how to do it. The table below shows my average days on market and sale to list price vs. the averages for Bucks County through December 9th.

	Days on Market	Sale to List Price
Heather	43	98.62%
Bucks County	72	93.13%

Bucks County Real Estate Inventory - November 2008

Thanks to one of my favorite clients Fabio for asking the question that spawned a blog. I've been having a bit of writer's block recently.

Anyway, Fabio asked how November turned out after reading my post showing the months supply of inventory on the market in October 2008.

The answer? Better.

We finished November of 2008 with 14.7 months supply of inventory of single family homes in Bucks County. Sure, it's up 53% from November 2006, and 34% from November 2007. However, it's down from our October number of 15.7. (Go us!)

Looking at the two year cycle, we're currently right where we had previous peaked in December of 2008. Since November and December usually carrying the most inventory due to seasonal buying patterns, I'm anxious to see how our December turns out. Stay tuned!

Regardless, I want to reiterate that we can still sell your home in this market. Even in this "down market" the average days on market for my listings this year was 43 days. The average for Bucks County was 72 days. We can get it sold!

Bucks County Real Estate Inventory

In September, I told you about some seriously cool software that I learned that gives my clients and me some great tools to determine pricing, competition, and timing.

Below is the "Months Supply of Inventory" of single family residential homes currently on the market, as of the last day of October 2008. I warn you, it's grim news. We currently have 15.7 months of inventory on the market, up from 11.6 months in September. Over a two year period, the "Month Supply of Inventory" has increased 108%.

You can click on the image to enlarge it, or shoot me an email and I'll be happy to send it over as a .pdf file. I can also run this report for your municipality to give you even more specific numbers for your home.

So, what's a girl (or boy) to do?

What's I've been preaching so much, even I'm sick of hearing it.

Your home has to be either a spectacular value or in spectacular condition. It has to blow the rest of that overwhelming inventory out of the water. In order: get it staged, price it right, market the hell out of it.

Here are some links to additional information on staging, pricing, and marketing:

The Quickest Fixes to Get Your Home Show Ready

Five Things Buyers DO Give a Crap About

We Don't Need No Stinkin' Internets

Technorati Tags: bucks county,sellers,selling a home in bucks county,bucks county market inventory,real estate inventory