poconos homes for sale

POCONO MARKET STATISTICS FOR THE 3RD QUARTER 2011

 

The Pocono Real Estate Market Statistics for Sold homes in the 3rd quarter is reflected in the chart above.  Thenumber of homes sold in the 3rd quarter for 2011 was 17% higher than it was for the 3rd quarter of 2010.  The average sold price of these same homes was down 6% from the same time period of 2010.  Again, we continue to see our prices drop.  NOT WHAT WE WANT TO SEE!

Of the 431 homes sold in the 3^rd quarter of 2011, 106 of them were foreclosures, 25% of the total sales for the quarter were foreclosures.

HOWEVER, if we take a look at the POCONO REAL ESTATE MARKET STATISTICS for the year 2011 we see that we are holding steady at a 4% price drop for the Average Sold Price in homes sold for the year.  Holding steady at 4% is good and then add to that the fact that the number of homes sold for 2011 when compared to 2010 is the same – we are at break even for the # of homes sold.  I like holding steady and breaking even.

The current absorption rate for our market is 21 months.  Meaning, that it would take 21 months to sell all the homes that are on the market for sale at the current rate of sales.

Pocono Real Estate Market Statistics 2nd Quarter 2011

*these stats are for residential homes sales within Monroe County and were obtained from flexmls on 10-8-11*

Posted by Bobbie Smith, CRS (570-972-0129 or bobbie@creyourway.com)

poconos homes for sale

1378 Bush Road, Cresco

REDUCED TO $369,900 FROM $379,900 ~ Equestrian Ranch built in 2005. In the heart of the Poconos. Minutes to Mt. Airy Casino, the Crossings, Camelback skiing and all Pocono Attractions.Open Fields, tall trees, babbling stream on nearly 4 acres. 3000 sq. ft pole barn setup for 4 stall and plenty of room for workshop & several cars. Generator backup, security system and more call now. Call Jeff Peterson 570-972-0139 and ask about MLS# 10-1690.

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Jeffrey L Peterson, REALTOR
Commonwealth Real Estate Your Way, LLC
Direct: 570-972-0139
Office: 570-972-0155
Fax: 866-534-0815

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J342 Deerwood Drive, Tobyhanna

SOLD

Recently Reduced $35,000 Tobyhanna home

3/2 Contemporary. Needs some TLC. Living Room Fireplace, Rear Deck, Laminate Floors. Call Connie Foland at 570-972-0140 and ask about MLS# 10-3082.

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1 Hillside Court, East Stroudsburg

SOLD – EAST STROUDSBURG REAL ESTATE

Perfect In-town Location. Close to Shopping and Route 80. 3 Bedroom, 1 Bath Ranch, Lower Level Family Room, Multiple Decks. This one is NOT going to last long! Call Connie Foland 570-972-0140 and ask about MLS# 10-2568.

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1284 Lipo Way, Albrightsville

ALBRIGHTSVILLE HOME SOLD IN 43 DAYS

3 Bedroom, 2 Bath Ranch in Towamensing Trails.Home features 1 Car Garage, Enclosed Porch, Nice Deck.Needs work!!! Seller will credit buyer up to a maximum 3% of sales price towards closing costs if negotiated in final signed counter offer. Call Connie Foland 570-972-0141 and ask about MLS# 10-1770

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SOLD! 538 Main Street, Gouldsboro

CASH ONLY!!! 1800′s Colonial in need of total remodel. 4 Bedrooms, 1.5 Baths, Large Wrap-around porch. Bring your Tools! Call Connie Foland 570-972-0140 and ask about MLS# 10-1622

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70 Laurelwoods Circle, Albrightsville

SOLD ~ 70 Laurelwoods Circle, Albrightsville

Handyman Special – Needs Kitchen and Plumbing. 4 Bedrooms, 2 Baths, 1 Car Garage, 1 Acre Lot. Being Sold As-Is. Call Connie Foland 570-972-0140 and ask about MLS# 10-1671.

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19 Cedar Road, Mount Pocono

SOLD

PRICE REDUCED! Close to town and no association dues! This bi level has lots of room. Nice large kitchen area with appliances and finished lower level. MAKE AN OFFER! Call Sue McShane at 570-972-0114 and ask about MLS# 10-1627.

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5236 Linwood Terrace, Tobyhanna

SOLD

3 Bedroom Colonial in need of work. Has Gas Fireplace and Family Room, 1.5 Baths, Close to gate and amenities. Call Connie Foland 570-972-0140 and ask about MLS# 10-1409.