y 2011 ket Update A monthly publication of Lehigh Valley Association of REALTORS Month in Review Comparison of Activity from e 2011 to y 2011 Number of - During y 2011, 446 sales were reported, which is a 10.6% decrease compared to e 2011 at 499. - The average sales price for y 2011 was recorded at $194,000, down approximately 3% from e 2011 when the average sales price of the month was recorded at $. The price is obtained by dividing the number of sales into the total sales dollars. Median - The Median for y 2011 was recorded at $175,000 which is an decrease compared to e 2011 with a median of $180,000. The Median indicates the mid-point of the range of prices-half the homes sell for less, while half the homes sell for more. ket Time - The average time on the market for properties sold during y 2011 was 81 days, which is a decrease compared to e 2011 at 88 days. List to Sold Ratio: The average sale price compared to list price for residential properties sold during the month of y 2011 is 95%, which is a decrease compared to e 2011 at 96%. New Construction: For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sale price is $332,000. The median sales price reported is $325,000. This information is based on 6 new construction properties sold during the month of y. During the month of e 2011 the average sale price was recorded at $376,000, the median was recorded at $390,000. The price is obtained by dividing the total number of newly constructed sales into the total sales dollars of newly constructed homes. The Median price indicates the mid-point of the range of sales-half of the homes sell for less, while half of the homes sell for more. Lehigh Valley Real Estate Statistics: The statistics presented in the ket Update are compiled each month based on the figures generated from the Lehigh Valley Association of REALTORS Multiple Listing Service. sales prices and median prices fluctuate monthly depending upon the number of sales at the high or low end of the price range. The year-to-date numbers will generally remain more constant. The Lehigh Valley Association of REALTORS, The Voice for Real Estate in the Lehigh Valley, represents 2136 real estate professionals involved in all aspects of the real estate industry. Year in Review Comparison of Activity from y 2010 to y 2011: Number of - During y 2011, 432 sales were reported, up approximately 23% from y 2010 at 351. - The average sales price for y 2011 was recorded at $194,000, down approximately 6.7% compared to y 2010 when the average sale price for the month was recorded at $208,000. The price is obtained by dividing the number of sales into the total sales dollars. Median - The Median for y 2011 was recorded at $175,000 which is a decrease compared to y 2010 with a median of $. The Median indicates the mid-point of the range of prices-half the homes sell for less, while half the homes sell for more. ket Time - The average time on the market for properties sold during y 2011 was 81 days, which is an increase compared to y 2010 at 73. List to Sold Ratio: The average sale price compared to list price for residential properties sold during the month of y 2011 is 95%, which is a decrease compared to y 2010 at 96%.
Regional Report This table is a complete listing of real estate activity by school district in the Lehigh Valley Lehigh Valley School Dis tricts Active New Residential Commercial Rsdental Lot Investment Prop Monthly Year-To-Date Year-To-Date Year-To-Date Year-To-Date Pending New Pending Allentown 144 175 55 65 94,000 1187 428 461 94,000 11 438,000 0 N/A 79 77,000 Catasaqua 16 19 6 4 119,000 123 43 32 131,000 0 N/A 1 70,000 1 89,000 East Penn 79 91 43 49 211,000 693 291 290 217,000 2 90,000 2 98,000 2 160,000 Northern Lehigh 24 24 8 9 150,000 166 57 47 127,000 1 125,000 0 N/A 3 72,000 Northwestern Lehigh 17 23 15 7 362,000 163 68 60 259,000 0 N/A 8 164,000 0 N/A Parkland 70 91 45 51 248,000 682 243 262 251,000 3 626,000 4 109,000 1 180,000 Salisbury 18 19 6 7 241,000 131 89 52 223,000 0 N/A 1 160,000 0 N/A Southern Lehigh 23 28 16 14 380,000 215 91 90 299,000 3 142,000 8 163,000 1 70,000 Whitehall- Coplay 30 32 20 21 158,000 308 125 94 157,000 1 220,000 1 20,000 3 234,000 Bangor Area 28 33 9 11 159,000 292 77 83 160,000 1 140,000 5 143,000 4 96,000 Bethlehem Area 146 162 88 64 164,000 1228 503 463 172,000 7 336,000 2 100,000 21 99,000 Easton Area 84 92 45 49 182,000 804 321 307 187,000 8 206,000 1 20,000 16 86,000 Nazareth Area 35 45 27 26 280,000 317 141 134 265,000 1 168,000 10 183,000 1 700,000 Northampton Area 74 83 32 23 162,000 491 173 156 190,000 2 199,000 4 60,000 3 75,000 Pen Argyl 16 16 8 0 N/A 138 44 39 165,000 1 145,000 1 18,000 3 220,000 Saucon Valley 27 30 13 20 267,000 252 90 101 248,000 1 18,000 2 339,000 2 51,000 Wilson Area 15 21 10 12 218,000 169 59 57 194,000 3 259,000 3 140,000 3 294,000 y Distribution Sale Number of under 70,000 59 70,001-100,000 27 100,001-150,000 90 150,001-84 200,001-250,000 53 250,001-300,000 49 300,001-350,000 28 350,001-400,000 15 400,001-450,000 12 450,001-500,000 7 500,001-600,000 5 600,001-700,000 3 700,001-800,000 0 800,001 and above 0 Residential ket Highlights New Total Pending Sale Median Sale ket Time Current 985 432 446 194,000 175,000 81 Year-to-Date 7371 2727 2842 187,000 167,000 93 Previous Year 8561 3195 2933 199,000 179,000 79 (Due to the timeliness of the monthly calculations, please utilize Residential ket Highlights for year-to-date totals)
Residential- Sale The Sale is arrived at by adding sale prices of all properties sold within the LVAR area each month, and dividing that total by the number of sales 260,000 240,000 220,000 180,000 202,000 189,000 199,000 211,000 208,000 210,000 199,000 201,000 203,000 193,000 174,000 173,000 187,000 194,000 160,000 140,000 120,000 100,000 Residential-Median Sale 230,000 2010 2011 This graph represents the midpoint of the price range for residential properties settled each month in the Lehigh Valley area. 220,000 210,000 190,000 180,000 170,000 160,000 175,000 165,000 171,000 178,000 175,000 191,000 190,000 182,000 176,000 173,000 181,000 177,000 166,000 155,000 160,000 164,000 180,000 175,000 150,000 140,000 130,000 120,000 110,000 100,000 2010 2011 (Due to the timeliness of the monthly calculations, please utilize Residential ket Highlights for year-to-date totals)
Residential 700 This graph represents the total volume of residential sales each month for the entire Lehigh Valley area. 418 670 600 565 500 518 410 432 499 432 400 351 358 358 361 357 382 334 300 248 254 255 248 200 100 Residential- Pending 800 2010 2011 This graph represents the total number of listings that had their status changed to Under Agreement during each month 700 667 600 500 400 300 302 371 531 340 344 378 374 387 362 312 231 253 303 407 451 482 500 446 200 100 0 2010 2011 (Due to the timeliness of the monthly calculations, please utilize Residential ket Highlights for year-to-date totals)
New 1600 This graph represents the total number of new listings submitted to the Lehigh Valley MLS each month. These listings include sales, leases and rentals 1500 1440 1422 1400 1300 1200 1100 1088 1057 1262 1242 1124 1062 1197 1122 1167 1168 1000 994 997 985 900 878 859 800 700 727 690 600 2010 2011 Residential-New Construction This graph represents the Sale of newly constructed homes listed with the MLS during this month. These sales properties have an average of four bedrooms and 2 1/2 baths. 510,000 490,000 470,000 450,000 430,000 410,000 390,000 370,000 350,000 330,000 310,000 363,000 406,000 337,000 392,000 370,000 352,000 299,000 366,000 416,000 318,000 390,000 354,000 340,000 348,000 302,000 378,000 362,000 376,000 332,000 290,000 270,000 250,000 2010 2011 (Due to the timeliness of the monthly calculations, please utilize Residential ket Highlights for year-to-date totals)
y 2011 Median Sale By School District in Lehigh and Northampton Counties N/A 170,000 151,000 185,000 253,000 310,000 259,000 151,000 116,000 150,000 158,000 167,000 90,000 205,000 211,000 190,000 419,000 The statistics presented in MARKET UPDATE are compiled monthly based on figures generated by the Lehigh Valley Association of REALTORS MLS. Reproduction of any portion of this copyrighted material is prohibited without prior approval of the MLS. President: Frank Renaldi, Jr. Editor: Michael Naratil, Director of MLS