- Bucks County Sales: UP 2.6% in November 2017 vs November 2016
- Bucks County Home Prices: DOWN 0.3% from last November.
- Bucks County Home Inventory: DOWN by 7.0% during the month
Fall 2017 Bucks County Real Estate Market Trends
Bucks County Residential Sales activity
Bucks County Inventory For Sale:
- Nov. 2017: 2,389
- Nov. 2016: 2,759
- Nov. 2017: 3.5
- Nov. 2016: 4.2
The inventory of homes for sale decreased by 7.0% in Bucks County during November and is down 13.4% (370 listings) compared to last year. That one statistic alone is driving up sales because the limited inventory is causing those in the market to chose a property based on what is currently available. The Months Supply of Bucks County Inventory dropped to 3.5 months, while the number of new listings in November was down 10% (63 listings) compared to last November. So if you’re looking for a new home for sale in Bucks, you found fewer homes to chose from and therefore to purchase the end of 2017.
- Nov. 2017: 569
- Nov. 2016: 653
- Nov. 2017: 7,471
- Nov. 2016: 7,281
Sales in November were down 12.9% compared to last November but are up 2.6% year-to-date. The Property Marketing Period decreased from 42 days in November 2016 to 27 days.
- Nov. 2017: $292,000
- Nov. 2016: $293,000
- Nov. 2017: $299,000
- Nov. 2016: $283,300
The median sold price in November was down 0.3% ($1,000) from last November but is up 5.5% year-to-date, a $15,700 increase per sale.
Settled Price / Original Price
- Nov. 2017: 97.0%
- Nov. 2016: 96.3%
- Nov. 2017: 97.2%
- Nov. 2016: 96.6%
The sold price compared to the original list price in November was 97.0%, slightly above the normal range of 94-96%. The Sold Price to List Price ratio was at 98.5% compared to 97.9% last November.
Average Showing Appointments Per Listing by Price Range
- During the Fall 2017, all showings in the Delaware Valley Real Estate Market were 2.2 showings per listing for properties for sale during the fall.
- All Listings:2.2
- $0k – $99k: 11.2
- $100k – $199k: 2.5
- $200k – $299k: 2.8
- $300k – $499k: 2.3
- $500k +: 1.1
Note: There were some showing reservation issues with the MLS during November however all appointments in November were down from the previous year and month.
Compare Fall 2017 Bucks County Real Estate Sales against the Fall 2017 Delaware Valley Real Estate Market.
RECENT LISTINGS IN BUCKS COUNTY
Beautiful 3 bedroom, 2.5 bath colonial in the highly desirable Prescott Farms section of Warrington Township. Enter to … read more.Beautiful 3 bedroom, 2.5 bath colonial in the highly desirable Prescott Farms section of WHomestarr Realty$434,900
Classic colonial meets refined elegance. At last, a home befitting your fine taste. From the stunning stone front and gl… read more.Classic colonial meets refined elegance. At last, a home befitting your fine taste. From tBHHS Fox & Roach-Newtown$800,000
Get away from it all on this secluded 28 acre lot well back off a paved road with beautiful hardwood trees and boulders.… read more.Get away from it all on this secluded 28 acre lot well back off a paved road with beautifuKeller Williams Real Estate-Montgomeryville$559,000
Quiet Neighborhood! Great Location! Welcome to 765 Stephen Rd. This 4 bedroom, 2.5 bathroom colonial home is 2000 square… read more.Quiet Neighborhood! Great Location! Welcome to 765 Stephen Rd. This 4 bedroom, 2.5 bathrooKeller Williams Real Estate – Newtown$382,500
BeAuTiFuL Stone Ranch-style home surround by an acre on a quiet Cul-de-sac street in Prime Central Bucks School District… read more.BeAuTiFuL Stone Ranch-style home surround by an acre on a quiet Cul-de-sac street in PrimeRE/MAX Centre Realtors$459,900
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Tucked away in a cul-de-sac, this well maintained rare home offers 4 bedrooms and 2.5 bathrooms on over a one acre lot s… read more.Tucked away in a cul-de-sac, this well maintained rare home offers 4 bedrooms and 2.5 bathBHHS Fox & Roach-Newtown$500,000
If you are seeking a home close to all the action and liveliness but still value your privacy, then Hidden Acres is the … read more.If you are seeking a home close to all the action and liveliness but still value your privJay Spaziano Real Estate$1,295,000
Positively Gorgeous Decorator Designed Home (largest in development with additional basement space and first floor morni… read more.Positively Gorgeous Decorator Designed Home (largest in development with additional basemeRE/MAX Action Realty-Horsham$524,900
Welcome to this well constructed builder’s own home. As you enter the front door you are greeted by the Belgium Block wa… read more.Welcome to this well constructed builder’s own home. As you enter the front door you are gRE/MAX Action Realty-Horsham$725,000
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