70 West Afton Avenue
Yardley PA 19067

1st Quarter 2008 data for our primary markets served (Lower Makefield, Upper Makefield and Newtown Townships in Pennsylvania) showed a flat to slightly declining market with some aberrations that we'll need to watch over the coming months.

For the three months ended March 31, 2008, average prices of sold units were down 2.4% from $495,000 to $483,000. Bucking the trend was Lower Makefield where average price was up a whopping 15.6% to $497,000 over last years $430,000. Units sold were down 21% TO 107 from last years 135.

Inventories were up 6% for the period, from 461 to 487 units while list prices were up 17% to $883,000 from $752,000. Again Lower Makefield needs watching over the next few months as inventories there are down over 20% to 181 units form 231 at the same time last year.

Examining the data more thoroughly it seems that there is slowdown at both the bottom and top ends with the middle ($450,000 to $800,000) still performing. The high sales prices and low inventories in Lower Makefield warrant close examination in the coming months as this could be a sign of a coming breakout for the area.

For Bucks County, as a whole, prices were up 2% even in the face of a 20% decline in sales. Inventories were up 6% and list prices are up 2.5%. It is clear that, while the market has lost some of it's steam from previous years, the gloom and doom presented in the national marketplace has not come to our area.

Sellers - now more than ever it is IMPERATIVE to price well, market aggressively and hire the finest, most qualified representation. In short, if you're not working with an experienced agent like me at a great agency like Coldwell Banker, you're doing yourself a tremendous disservice. Well priced, well marketed homes are selling while others languish.

Buyers - This market will be won by well informed, well represented Buyers and Sellers. The age of the part time Realtor is over. If you have "a friend of a friend", this is NOT the time to get to know each other. I work with local Buyers and those relocating from all areas of the country. Call me today to discuss your discuss your Real Estate needs.