Havertown Real Estate Showing Signs Of Recovery
The signs of a market recovery are beginning to appear.
Despite the dark cloud that’s been hanging over the national real estate market over the past few years, there appears to be a silver lining in Haverford Township, where signs of a market recovery are beginning to appear.
According to statistics provided by the realtor Web site TREND MLS, the average sale price of homes was up in Haverford Township in 2010 from the previous year and homes sold more quickly last year than in 2009.
In 2010, the average price of a home sold in the township was $348,685, up more than $30,000 from 2009. Sellers were also able to get their homes sold closer to asking price. In 2010, sellers got more than 94 percent of their original asking price for their home, compared to 2009, where homes on average sold at 92.5 percent of asking price.
Sellers in Haverford Township also didn’t have to wait as long in 2010 to sell their homes as they did in 2009. Last year, homes in the township stayed on the market an average of 69 days before they went under contract, compared to an average of 76 days in 2009. Homes that went under contract in July of 2010 stayed on the market an average of 38 days, the lowest average in nearly two years.
And 465 homes were sold in the township in 2010. The most productive month of the year was June with 88 properties sold, a number strengthened by homebuyers looking to take advantage of the expiring federal homebuyer tax credit.