Real Estate Trends in Media PA

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Media, PA, United States
Direct: 610-420-0498 Office 610-627-4937 BHHS Fox and Roach Realtors Email: Homes@BrankaDoych.com Visit my websites www.BrankaDoych.com

Wednesday, December 22, 2010

Green Topics Active Solar Heating

Here is some good information on Solar Heating and the difference between the air and liquid solar heating.

Tuesday, December 21, 2010

Holiday Lights in Media PA - Old Mill Pointe

Fun and beautiful light displays of Old Mill Pointe
http://www.thelistingwidget.com/viewMLS.cfm?tourID=7716

Delaware County Early Lunar Eclipse

Holiday in Media Pa - Rose Tree Estates


Happy Holidays!

http://www.thelistingwidget.com/view.cfm?tourID=7710

Realtor.org reports on National averages for a midrange home in 2010-11 Home improvement costs and their potential resale value.





National average for additions:
Attic Bedroom $ 51,428 resale value $37,142 or 72.2%
Bathroom $40,710 resale value $21,695 or 53.3%
Two Story $165,243 resale value $107,338 or 65.0%



Mid-Atlantic costs for the same additions are as follows:
Attic $55,218 resale value $38,394 and 69.5%
Bathroom $43,591 resale value $21,150 or 48.5%
Two Story $171,895 resale value $104,286, 60.7%


I find that many of my clients even get better deals locally. Let me know if you need some names of local capable and well priced contractors - recommended by my other clients. branka@brankadoych.com

For a copy of the full report send me an email and I will be glad to share it with you.

Monday, December 20, 2010

Green topics - how to read an "energy label"

Here is a quick overview of energy labels and how to read them.

2010-11 remodeling cost averages and their potential resale value



Realtor.org reports on National averages for a midrange home in 2010-11 remodeling costs and their potential resale value:

National:

Basement 64,519 resale value $45,186 or 70%


Major Kitchen remodel $58,367 resale value $40,126 or 68.7%

Minor Kitchen remodel $ 21,695 or $15,790 for a 72.8% resale value
Mid-Atlantic costs for the same are as follows:
 
Basement $69,106  for the resale value of $40,215 and 58.2%
Major Kitchen $60,710  for the resale value of $38,214 or 62.9%
Minor Kitchen $22,325 for the resale value of $15,246, 68.3%
 
I find that many of my clients get even better deals locally.  Let me know if you need some names of local capable and well priced contractors - recommended by my clients.
 
Also, for a copy of the full report send me an email and I will be glad to share it with you.

Thursday, December 16, 2010

Home Buyers - mortgage interest rates are climbing!

Home Buyers - Mortgage interest rates are still very low but climbing.  In the last three weeks rates have been for FHA 4.750% and 5.00% and Conventional Rates have been between 5.00% and 5.25%.  Buyers, if you have been thinking of buying a home now is the time to act… expectation is that 6% rates are not far in the future.

Green Topics - Recommended Levels of Insulation

Here is a map of energy star recommended levels of Insulation for your home.

Wednesday, December 15, 2010

Green Topics - Basement

Have you been thinking of making your basement a more comfortable and free of moisture while making it easier to condition?   Here are some ideas on how to do so!

Tuesday, December 14, 2010

Green Topics - eco friendly remodel

If you have been thinking of remodeling this information may be of use to you on how to insulate and how to have a proper ventilation for ceilings and attics.

Market Update for Delaware County

Market Update for Delaware County - Single Homes Trend Mls reports in 2009 in November inventory of available homes was 3162 or 8 months worth of inventory while in 2010 there were 3712 homes on the market and they represent 10.6 months cumulative inventory.

What does this mean? This means that if not one home cam on the market starting today, it would take 10.6 months to sell all available homes. Sellers, prepare, prepare, prepare and price your home right!

Saturday, December 11, 2010

Swarthmore Market Statistics

In 2009 average list price of homes in Swarthmore YTD was $419,219 and average sold price in 105 days was $373,107.  In 2010 at the same time average list price was $409,562 and in 116 days average sale price is $369,252. The good news is that number of homes sold in 2009 was 39 and in 2010 53.   (as reported in TRENDmls)

Wednesday, December 8, 2010

Real Estate Trends in Media PA

Original list price of homes in Upper Providence township and Media Borough PA 2010 year to date has been average of $390,672. Average Sold price is $350,303 or 9.8% lower than the asking price with approximately 106 days on the market. 

Tuesday, December 7, 2010

Market Statistics for Newtown Square Pa - an increas of 1.5% in sold price!

Year to date in 2009 as Trend-mls reports, in Newtown and Edgemont townships homes listed under one million – were listed at the average price of $392,841 and sold at $353,909–or received 89.8% of the asking price with average 90 days on the market.  2010 in the same period - average home has sold in 87 days with listing price 453,830 which have sold at 414,133 or 91.3% of asking price - an increase of 1.5% in "sold" price.  For a no obligation and a FREE full market report or statistics in your specific market area for a specific price range feel free to call or email me anytime. 

Wednesday, December 1, 2010

December 2010 Real Estate News Letter by Branka Doych

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

"Why Buy a Home?";

"Disclosure: Safest Way To Sell A Home";

"Should I Take My Home Off the Market During the Holidays?";

"Tips for an Eco-Friendly Holiday";

"Value in Homeownership";



Plus a roundup of November real estate activity as well as much more advice and information.



I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!