2602 Chardonnay

Good Evening!

This post is for those who visited me at 2606 Chardonnay last Sunday.

The property is currently under agreement and I wanted to assist you in your home search by diagramming what kind of Market it is currently in the East Penn School District.

http://matrix.lvar-mls.com/DE.asp?ID=524913389

The charts below are for your informational purposes and I would be happy to oblige any questions that you might have. The sales rate is low at 3.7 months of inventory.

Sincerest regards!

Chart 1: Median Price

Chart 2: Supply & Demand

Chart 3: Sales Rate/Supply

Northampton and Lehigh County:

Overview: The market is unequivocally improving at a traditionally reasonable pace. Over the past year the Lehigh Valley market has increased by 4.5% as affordability of homes remains reasonable as do prices.

The supply and demand charts:

-Month to month view: Perfect chart. 

         

-The full year chart reveals that the pace at which homes are going under contract has slowed. However, with less homes being available, that is to be expected to a degree.

Median Price chart:

            -Prices are up for the full year 4.5%

           -Prices are up 1.3% in the month to month view

Supply:

            -For the full year supply is down 6.7%

            -In the month to month view there are 500 less homes for sale than there were last year

            -This represents a decrease of 37.1