CommonWealth Real Estate Your Way, Brodheadsville
Pocono and Lehigh Valley Real Estate Blog

Cleaning House in the Poconos

Cleaning house in the Poconos
Purge of poor-quality homes has left market healthier, Realtors say
By Wayne Witkowski
Pocono Record Business Editor
January 12, 2014 12:00 AM
Home sales have flattened around the country as the real estate market has been stabilizing, according
to the latest national reports, but residential real estate leaders in the Poconos remain conservative but
optimistic with recent significant positive indicators in the market.
A newly published report from Redfin, the real estate brokerage, found in a survey of 468 agents that
home buyers in the fourth quarter continued to be frustrated by the slim pickings among inventory,
were willing to pay more than a seller’s asking price, and were willing to settle for less when it comes to
home features.
“We have a shortage of marketable homes. We’re working with buyers longer because finding
marketable inventory has been short for a couple of years,” said Vickie Brockelman of Commonwealth
Real Estate-Your Way, with offices in Brodheadsville and the Lehigh Valley. She recently has had
more prospective home buyers from the Lehigh Valley and metro Philadelphia and fewer from metro
New York.
But she sees an improvement in homes coming into the market from foreclosures, which were of lower
quality during the recession and are now in the $200,000 to $300,000 range.
“We are seeing a clearing of a lot of the bad stuff and heading into a more positive market,”
Brockelman said. “We’re optimistic with high-priced foreclosures hitting the market. Those are on the
market for weeks as opposed to months.”

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