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Heather Jackman

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For Further Details Contact: Heather Jackman Coldwell Banker Hearthside 215.493.9080 x119 215.431.0884 cell RL#RS292094 Lic in PA & NJ # 1006608

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Hearthside 70 West Afton Ave Yardley PA 19067

215.493.9080 X119 Call me to find out why now is a gret time to buy or sell a home. I’ll provide you with a complimentary market analysis of current sales listings in your neighborhood. I’ll also show you my state of the art marketing plan that will enable you to receive top dollar for your home in today’s challenging market place. I am ready to go to work for you and prove that knowledge, honesty, and integrity will result in a positive and successful transaction.

If your property is currrently listed with a real estate broker, please disregard. It is not my intention to solicit the offerings of other real estate brokers.


DOYLESTOWN TOWNSHIP f

SINGLE FAMILY HOMES

Market Facts as of AUGUST YTD 2010 ______________ Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 132 Inventory of homes for sale in July 2010 was 128 Inventory of homes for sale in Aug 2009 was 115 Unit Inventory is up 14.8% year over year, And up 4 homes (3%) sequentially from July 2010 Avg. price of a home for sale in Aug 2010 was $527k Avg. price of a home for sale in Aug 2009 was $554k List prices of homes in inventory are down 4.9% 80 homes sold as of Aug YTD 2009 at 91% of list price 95 homes sold as of Aug YTD 2010 at 91% of list price Unit Sales volume is up 18.8% year over year, contrasted with Full Year 2009 Unit Sales which were up 18.4% Buyers achieving approx 9% avg. discount from List Price Summary: Inventory levels are up and YTD unit sales volume is moderately up. Average Sold Prices for the Full Year 2007 were down 5.9%, Full Year 2008 Average Sold Prices were near flat at a 0.2% decrease and 2009 reflected an 8.2% Price decrease, YTD 2010 trend indicates a modest 0.2% increase. Buyers continue to achieve “discount” leverage in negotiation, at a consistent spread versus last year. At current sales pace there is a 10.6 Month Supply of Homes in Inventory. Note that a Market is viewed as “Balanced” between Buyers/Sellers, with 6 Months of Homes in Inventory.

What does this mean to a Seller? There is a 10+ Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market is 96 days versus 89 last year. It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.


BUCKINGHAM TOWNSHIP f

SINGLE FAMILY HOMES

Market Facts as of AUGUST YTD 2010 ______________ Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 251 Inventory of homes for sale in July 2010 was 240 Inventory of homes for sale in Aug 2009 was 255 Unit Inventory is down 1.6% year over year, And up 11 homes (5%) sequentially from July 2010

Avg. price of a home for sale in Aug 2010 was $752k Avg. price of a home for sale in Aug 2009 was $777k List prices of homes in inventory are down 3.1%, the avg. price stat is impacted by # of unsold homes priced $1-2 million, ~$182k difference between Avg. Sold versus Avg. Inventory Price

111 homes sold as of Aug 2009 at 91% of list price 150 homes sold as of Aug 2010 at 92% of list price Unit Sales volume is up 35.1% year over year, contrasted with Full Year 2009 Unit Sales which were down 14.7% Buyers achieving approx 8% avg. discount from List Price Summary: Inventory levels are down and YTD sales volume is up noticeably. The Average Sold Price for the Full Year 2006 was up 5.2%, Full Year 2007 was a more modest 1.7% increase, Full Year 2008 Prices reflected a 2.9% decrease, Full Year 2009 reflected a 16.1% Price decrease, YTD 2010 trend indicates a 13.9% increase (likely driven by increased sales of higher priced homes). Buyers continue to achieve “discount” leverage in negotiation – though the spread is narrowing (1% point) versus last year. At current sales pace there is a 14.1 Month Supply of Homes in Inventory, a clear “Buyers Market”. Note that a Market is viewed as “Balanced” between Buyers & Sellers, with 6 Months of Homes in Inventory.

What does this mean to a Seller? There is a 14+ Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market is 107 versus 93 last year. During 2009, most (85%) of the homes sold closed at prices under $650k. Currently, 19% of the homes (47/251) on the market are priced above $1 million, this represents an 11.7 Year Supply at current sales pace (4/year). It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.


www.HeatherJackman.com


LOWER MAKEFIELD TOWNSHIP b

SINGLE FAMILY HOMES

Market Facts as of AUGUST YTD 2010 ______________ Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 222 Inventory of homes for sale in July 2010 was 223 Inventory of homes for sale in Aug 2009 was 221 Unit Inventory is essentially flat year over year, And down 1 home sequentially from July 2010 Avg. price of a home for sale in Aug 2010 was $528k Avg. price of a home for sale in Aug 2009 was $513k List prices of homes in inventory up 2.9% 167 homes sold as of Aug YTD 2009 at 91% of list price 226 homes sold as of Aug YTD 2010 at 93% of list price Unit Sales volume is up 35.3% year over year, contrasted with Full Year 2009 Unit Sales which were up 1.6% Buyers achieving approx 7% avg. discount from List Price Summary: For trend-line reference, Full Year 07 Unit Growth was 6.5%, Full Year 08 Sales recorded a lower (-33.5%) result, Full Year 09 turned modestly positive at 1.6%, while YTD 2010 is +35.3%. Inventory is at an 8.5 Month supply of homes. The Average Sold Price for the Full Year 2006 was a modest 3.6% increase, Full Year 2007 reflected a 6.4% decrease, Full Year 2008 recorded a 3.1% increase and Full Year 09 reflected a 6.7% Price decrease, YTD 2010 trend indicates an 8.5% decrease. Buyers are achieving “discount” leverage in negotiation – though the spread is narrowing (2% points) versus last year. Market conditions are considered above “Balanced”, favoring the Buyer, with 8.5 Months of Homes in Inventory (Note: a Market is considered “balanced” with 6 Months Inventory).

What does this mean to a Seller? There is an 8+ Month Supply of homes on the market, generally, for noteworthy periods of time (Average Days on Market are now 76) so competition remains challenging. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 20062009 versus the ~10+% experienced during the prior 4-5 years. Be realistic and remember the current market is what determines the price of your home.


NEWTOWN TOWNSHIP f

SINGLE FAMILY HOMES

Market Facts as of AUGUST YTD 2010 ______________ Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 137 Inventory of homes for sale in July 2010 was 146 Inventory of homes for sale in Aug 2009 was 127 Unit Inventory is up 7.9% year over year, And down 9 homes (6%) sequentially from July 2010 Avg. price of a home for sale in Aug 2010 was $470k Avg. price of a home for sale in Aug 2009 was $466k List prices of homes in inventory are near flat, up 0.9% 148 homes sold as of Aug YTD 2009 at 93% of list price 153 homes sold as of Aug YTD 2010 at 95% of list price Unit Sales volume is up 3.4% year over year, contrasted with Full Year 2009 Unit Sales which were down 3% Buyers achieving approx 5% avg. discount from List Price Summary: Inventory levels are up and sales volume is positive. The Average Sold Price for the full year 2006 was a 10.9% increase, 2007 pricing was near flat at -0.1%, Full year 2008 Average Sold Prices reflected a 2.4% decrease and 2009 reflected a 3.7% Price decrease, YTD 2010 trend indicates a 2.9% decrease. Buyers still achieving “discount” leverage in negotiation – though the spread is narrowing (2% points) versus last year. Market conditions are near balanced with 7.2 Months of Homes in Inventory. Note that a Market is viewed as “Balanced” between Buyers & Sellers with ~6 Months Inventory.

What does this mean to a Seller? There is a 7+ Month Supply of homes on the market, generally taking about 51 Average Days on Market to sell, so the competitive conditions are relatively challenging. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2007-2009 versus the ~10% experienced during most of the prior 3-4 years. Be realistic and remember the current market is what determines the price of your home.


www.HeatherJackman.com


www.HeatherJackman.com


MARKET STATISTICS for PRINCIPAL MARKETS ($ in 1,000s) SINGLE FAMILY (ex Condos) 2010

YEAR-TO-DATE

Source: COLDWELL BANKER HEARTHSIDE R Prior Full Yr

YTD

YTD

12 Mo

Sold

Sold

Price

Avg

Avg Price 2009

Avg Price

Change % DOM Sold/List Sales

2010

LMT

$462

$424

-8.5%

76

93%

$

Morrisville

$186

$170

-5.5%

104

90%

Newtown

$386

$380

-2.9%

51

95%

$

UMT

$762

$867

7.4%

120

90%

$

Solebury

$788

$613

-28.0%

113

91%

$

Buckingham

$501

$570

13.9%

107

92%

$

Northampton

$389

$406

2.2%

66

94%

$

Doylestown

$414

$420

0.2%

96

91%

$

Bucks Cty

$329

$345

3.5%

86

92%

$1,1

2008 Full Yr

2009

LMT

$495

$463

78

91%

$

Morrisville

$209

$180

77

90%

$

Newtown

$401

$391

62

93%

$

UMT

$791

$807

116

87%

$

Solebury

$763

$852

128

87%

$

Buckingham

$597

$500

93

91%

$

Northampton

$432

$397

80

92%

$

Doylestown

$451

$419

89

91%

$

Bucks Cty

$353

$334

84

92%

$1,0

2009

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E AUGUST 2010 versus 2009

REALTORS MARKET RESEARCH from TREND MLS DATA Prior $ (k)

See Notes

Full Yr YTD

Yr over Yr % Change INVENTORY

Units

Sales $ %

2009

Units

Unit %

Units

below

Change Months

Avg Price Change

2010

$95,859

255

226

23.9%

35.3%

222

0.5%

8.5

$528

2.9%

$6,124

100

36

-46.8%

-43.8%

97

14.1%

16.2

$207

-4.4%

$58,107

224

153

0.4%

3.4%

137

7.9%

7.2

$470

0.9%

$59,808

72

69

54.5%

43.8%

146

10.6%

18.8

$1,191

-8.6%

$45,367

93

74

-6.5%

29.8%

174

2.4%

19.0

$1,317

6.6%

$85,485

174

150

53.9%

35.1%

251

-1.6%

14.1

$752

-3.1%

$90,066

287

222

15.1%

12.7%

261

4.4%

10.0

$514

-3.3%

$39,876

135

95

19.0%

18.8%

132

14.8%

10.6

$527

-4.9%

121,825

4812

3250

8.9%

5.2%

4716

6.5%

11.4

$474

-4.5%

2008

2009

$77,382

251

167

221

10.4

$513

$11,516

74

64

85

10.2

$217

$57,860

231

148

127

6.8

$466

$38,722

71

48

132

22.0

$1,303

$48,539

78

57

170

21.9

$1,235

$55,554

204

111

255

17.6

$777

$78,220

278

197

250

10.5

$532

$33,513

114

80

115

10.2

$554

030,481

4806

3089

4430

11.0

$496

Absorption Methods: 2010 Uses Rolling 12 Mo Average Unit Sales 2009 Uses Full Year Sales


MARKET STATISTICS for SELECTED MARKETS in LOWER & UPPER BUC SINGLE FAMILY (ex Condos)

YEAR-TO-DATE A

2010

Source: COLDWELL BANKER HEART

($ in 1,000s) Prior Full Yr Sold Avg Price 2009

YTD

YTD

12 Mo

Sold

Price

Avg

Avg Price Change %

DOM Sold/List Sales $ (k

2010

UPPER BUCKS Plumstead

$385

$392

-0.4%

99

92%

$27,

N Hope Boro

$456

$532

23.8%

185

91%

$10,

Doyle Boro

$357

$378

8.2%

105

92%

$14,

Bedminster

$388

$356

-11.0%

87

93%

$15,

Tinicum

$553

$506

8.1%

153

88%

$9,

Springfield

$400

$405

-12.0%

92

89%

$6,

Wrightstown

$580

$905

48.7%

116

90%

$14,

Middletown

$288

$310

6.5%

79

93%

$64,

L.Southamp

$267

$259

-1.5%

65

93%

$20,

Falls

$232

$235

0.4%

54

94%

$32,

Bucks Cty

$329

$345

3.5%

86

92%

$1,121,

2008 Full Yr

2009

LOWER BUCKS

2009 UPPER BUCKS Plumstead

$420

$394

90

91%

$27,

N Hope Boro

$620

$430

117

90%

$7,

Doyle Boro

$455

$349

89

88%

$14,

Bedminster

$436

$400

94

92%

$11,

Tinicum

$566

$468

185

80%

$9,

Springfield

$523

$460

128

88%

$8,

Wrightstown

$564

$609

124

89%

$12,

Middletown

$304

$291

74

93%

$59,

L.Southamp

$273

$263

76

92%

$22,

Falls

$247

$234

69

94%

$34,

Bucks Cty

$353

$334

84

92%

$1,030,

LOWER BUCKS

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CKS

AUGUST 2010 versus 2009

THSIDE REALTORS MARKET RESEARCH from TREND MLS Data

k)

Prior Full Yr YTD

Yr over Yr % Change INVENTORY

Units

Sales $ % Unit %

2009

Units

Units

See notes below

Change Months

Avg Price

Change

2010

,451

97

70

-1.8%

-1.4%

139

13.0%

17.4

$613

-3.0%

,644

23

20

45.7%

17.6%

39

-9.3%

18.0

$606

-14.7%

,725

72

39

0.5%

-7.1%

53

-20.9%

9.2

$613

-1.2%

,664

48

44

39.9%

57.1%

113

-0.9%

21.2

$507

-6.7%

,100

27

18

-2.7%

-10.0%

62

10.7%

29.8

$787

-2.1%

,891

34

17

-16.9%

-5.6%

73

-8.8%

26.5

$599

-1.2%

,480

30

16

13.3%

-23.8%

49

6.5%

23.5

$858

-0.2%

,809

323

209

9.7%

3.0%

247

9.8%

9.0

$338

-7.0%

,744

133

80

-6.2%

-4.8%

113

5.6%

10.5

$302

-1.9%

,901

215

140

-5.6%

-6.0%

136

51.1%

7.9

$259

1.1%

,825

4812

3250

8.9%

5.2%

4716

6.5%

11.4

$474

-4.5%

2008

2009

,964

102

71

123

15.2

$632

,308

19

17

43

22.4

$710

,654

71

42

67

11.2

$621

,198

52

28

114

28.5

$544

,356

28

20

56

24.9

$804

,288

29

18

80

28.2

$606

,779

21

21

46

18.4

$859

,094

309

203

225

8.4

$363

,120

131

84

107

9.7

$308

,865

202

149

90

5.0

$256

,481

4806

3089

4430

11.0

$496

Absorption Methods: 2010 Rolling 12 Mo Avg Units 2009 Uses Full Year Sales


UPPER MAKEFIELD TOWNSHIP SINGLE FAMILY HOMES b

Market Facts as of AUGUST YTD 2010 Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 146 Inventory of homes for sale in July 2010 was 141 Inventory of homes for sale in Aug 2009 was 132 Inventory is up 10.6% year over year, And up 5 homes sequentially from July 2010 Avg. price of a home for sale in Aug 2010 - $1.19 million Avg. price of a home for sale in Aug 2009 - $1.30 million List prices in inventory are down 8.6%, the avg. price stat is driven by # of homes priced in $1-3+ million, review specific property CMA for pricing direction & check Median/Average Prices

48 homes sold as of Aug YTD 2009 at 87% of list price 69 homes sold as of Aug YTD 2010 at 90% of list price Unit Sales volume is up 43.8% year over year, contrasted with Full Year 2009 Unit Sales which were up 1.4% Buyers achieving approx 10% discount from List Price Summary:

Inventory levels are up and Unit Sales are up noticeably YTD. Notably, at current Sales pace there is an 18.8 Month Supply of Homes in Inventory, versus 22 Months last year. Buyers are still achieving “discount” leverage in negotiation – though the spread is narrowing (3% points) versus last year. Market is viewed as a clear “Buyers Market”. Note that a Market is viewed as “Balanced” with 6 Months of Inventory.

What does this mean to a seller? There is a substantial inventory of homes on the market (particularly in $1-3 million range), generally for longer periods of time, so the competition is challenging. Average Days on Market is 120 (all price levels). During 2009, most (82%) of the homes sold closed at prices under $999k. Currently, 47.2% of the homes (69 of 146) on the market are priced above $1 million, and this represents a 38 Month Supply at current sales pace (1.8 per month). It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the positive per year appreciation in 2007/2008 that was experienced during the past few years. Be realistic and remember the current market is what determines the price of your home.


NORTHAMPTON TOWNSHIP SINGLE FAMILY HOMES

b

Market Facts as of AUGUST YTD 2010 ______________ Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 261 Inventory of homes for sale in July 2010 was 262 Inventory of homes for sale in Aug 2009 was 250 Unit Inventory is up 4.4% year over year, And down 1 home sequentially from July 2010 Avg. price of a home for sale in Aug 2010 was $514k Avg. price of a home for sale in Aug 2009 was $532k List prices of homes in inventory are down 3.3% 197 homes sold as of Aug YTD 2009 at 92% of list price 222 homes sold as of Aug YTD 2010 at 94% of list price Unit Sales volume is up 12.7% year over year, contrasted with Full Year 2009 Unit Sales which were up 3.2% Buyers achieving approx 6% avg. discount from List Price Summary:

Inventory is up and YTD unit sales volume is moderately up. The Average Sold Price for the Full Year 2006 was up a reasonable 8.4%, Full Year 2007 reflected a decrease of 3.3%, 2008 Sold Average Prices recorded a 2.3% decrease, while 2009 Prices reflected a 9.9% decrease, YTD 2010 trend indicates a 2.2% increase. Buyers are continuing to achieve discount leverage in negotiation – though the spread is narrowing (2% points) versus last year. The Market is still considered a “Buyers Market” with 10 Months of Homes in Inventory. Note, that Market conditions are considered “Balanced” with 6 Months of Homes in Inventory.

What does this mean to a Seller? There is a 10 Month Supply of homes on the market, generally for long periods of time, so the competition remains challenging. Average Days on Market is 66 days. It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.


www.HeatherJackman.com


SOLEBURY TOWNSHIP SINGLE FAMILY HOMES SIb

Market Facts as of AUGUST YTD 2010 __________________________________________________________________________________________________________________ Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 174 Inventory of homes for sale in July 2010 was 170 Inventory of homes for sale in Aug 2009 was 170 Inventory is up 2.4% year over year, And up 4 homes sequentially from July 2010 Avg. price of a home for sale in Aug 2010 - $1.32 million Avg. price of a home for sale in Aug 2009 - $1.24 million List prices in inventory are up 6.6%, the avg. price stat is impacted by # of homes priced in $1-5 million, review specific property CMA for pricing direction & Median/Average Prices

57 homes sold as of Aug YTD 2009 at 87% of list price 74 homes sold as of Aug YTD 2010 at 91% of list price Unit Sales volume up 29.8% year over year, contrasted with Full Year 2009 Unit Sales which were up 19.2% Buyers achieving approx 9% discount from List Price

Summary:

Inventory levels are up slightly and YTD Unit Sales are up substantially. At current Sales pace, there is a 19 Month Supply of Homes in Inventory. Buyers continue to achieve significant discount leverage in negotiation – though the spread is narrowing (3% points) versus last year. Market is viewed as a clear “Buyers Market”. Note that a Market is viewed as “Balanced” with 6 Months of Homes in Inventory.

What does this mean to a seller? There is a substantial inventory of homes on the market (particularly in $1-3 million range), generally for longer periods of time, so the competition is challenging. Average Days on Market is 118 (all price levels) versus 114 last year. During 2009, most (83%) of the homes sold closed at prices under $999k. Currently, 36.8% of the homes (64 of 174) on the market are priced above $1 million, and this represents a 70 Month Supply at current sales pace (0.92 per month). It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the positive per year appreciation in 2007, 2008, 2009 that was experienced during the past few years. Be realistic and remember the current market is what determines


Per Year Appreciation SF Homes (ex Condos) Higher Volume Markets Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from MLS data L. Makefield Twp Newtown Twp Northampton Twp Buckingham Twp Apprec Units Apprec Units Apprec Units Apprec Units 2009 Avg$ $462 $386 $389 $501 2009 -6.7% 255 -3.7% 224 -9.9% 287 -16.1% 174 2008 3.1% 251 -2.4% 231 -2.3% 278 -2.9% 204 2007 -6.4% 379 -0.1% 260 -3.3% 351 1.7% 252 2006 3.6% 355 10.9% 299 8.2% 376 5.2% 257 2005 11.6% 432 6.9% 354 8.9% 437 10.4% 329 2004 10.4% 465 12.0% 360 10.7% 457 10.6% 288 2003 11.7% 465 11.9% 344 5.5% 410 5.4% 279 2002 9.8% 427 14.5% 285 14.6% 398 15.2% 259 2001 13.5% 453 5.7% 321 15.3% 409 17.9% 239 2000 Avg$ $288 445 $229 307 $249 377 $329 279

2009 Avg$ 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Avg$

Doylestown Twp Apprec Units $414 -8.2% -0.2% -5.9% 1.8% 14.9% 10.2% 5.8% 21.2% 9.1% $266

2009 Avg$ 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Avg$

Bucks County Apprec Units $329 -6.8% 4812 -6.7% 4806 0.6% 6048 4.1% 6408 11.6% 7454 13.1% 7470 10.0% 6893 15.6% 6429 7.5% 6364 $209 6275

135 114 168 178 189 198 184 182 164 175

Falls Twp Middletown Twp Apprec Units Apprec Units $232 $288 -5.9% 215 -5.3% -6.4% 202 -7.9% 2.5% 284 0.4% 1.4% 282 7.5% 13.6% 280 10.0% 20.8% 304 11.8% 12.5% 269 11.7% 13.3% 279 11.9% 7.3% 237 12.5% $135 266 $176

Appreciation measured by Change in Sold Average Price year over year MLS Stats are not held beyond 2000 base year 2000 Avg$ displays Base Year Average Price for the Indicated Market 2009 Avg$ displays Average Price for the Indicated Market

323 309 347 407 427 467 406 397 366 369

Bristol Twp Apprec Units $179 -7.6% -8.4% -0.1% 5.9% 15.9% 11.3% 18.1% 13.9% 5.8% $109

501 490 561 593 738 711 629 589 601 539

Morrisville Boro Apprec Units $186 -10.9% -8.1% 1.4% 0.7% 18.6% 19.1% 9.7% 12.8% 4.9% $121

100 74 103 133 144 159 144 116 138 123


b

MORRISVILLE BORO SINGLE FAMILY HOMES

Market Facts as of AUGUST YTD 2010 _____________ Source: COLDWELL BAKER HEARTHSIDE REALTORS MARKET RESEARCH from TRED MLS Data

Inventory of homes for sale in Aug 2010 was 97 Inventory of homes for sale in July 2010 was 92 Inventory of homes for sale in Aug 2009 was 85 Unit Inventory is up 14.1% year over year, And up 5 homes sequentially from July 2010 Avg. price of a home for sale in Aug 2010 was $207k Avg. price of a home for sale in Aug 2009 was $217k List prices of homes in inventory down 4.4% 64 homes sold as of Aug YTD 2009 at 90% of list price 36 homes sold as of Aug YTD 2010 at 90% of list price Unit Sales volume is down 43.8% year over year, contrasted with Full Year 2009 Unit Sales which were up 35.1% Buyers achieved approx 10% avg. discount from List Price Summary: Inventory levels are up and YTD sales volume is noticeably down. For trend reference: the Average Sold Price for 2007 was a modest 1.3% increase, 2008 Sold Average Prices reflected a 9.3% decrease, with 2009 reflecting a 10.9% Price decrease, YTD 2010 trend indicates a 5.5% decrease. Buyers are achieving “discount” leverage in negotiation – at a consistent spread with last year. The Market remains a “Buyers Market”, with 16.2 months of Homes in Inventory. Note that a Market is viewed as “Balanced” with approx 6 Months Inventory.

What does this mean to a Seller? There is a 16+ Month Supply of homes on the market, generally for longer periods of time (Average Days on Market is 104 versus 77 last year), so the competition remains challenging. It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.


August Data