August 2009 Newsletter Here’s What’s Happening in The Reserve At Holicong

ACTIVE: 5114 Harmony W, A Madison, 4 bedroom, 3 1/2 bath, hardwoods, patio. Was Asking $760,000
Reduced to $737,000 for 142 days.
SOLD: 5166 E Harmony, A Cezanne, 4 bedroom, 3 1/2 bath, hardwoods, morning room, granite kitchen. Was Asking $769,900 Reduced to $729,900 Sold for $720,000 in 89 days.

What’s Happening in Upper Mountain Estates
ACTIVE: 4243 Cottonwood, A Georgian, 4 bedroom, 4 1/2 bath, hardwoods, granite, finished basement w/wet bar, patio. Was $987,854 Reduced to $947,000 for 71 days.
WITHDRAWN: 4380 Wentworth, An Elkins, 4 bdrm, 2 1/2 bath, granite, hrdwds, cul-de-sac location. Was Asking $1,090,000 Expired and Re-Listed at $1,050,000. Reduced to $1,000,000 for total of 459 days.
2209 Bell Flower Lane, A Savoy, 4 bedrooms, 3 1/2 baths, hardwoods, granite, atrium addition and breakfast room. Was Asking $1,095,000 Reduced to $895,000 for 557 days.
4322 Greenspire, An Elkins, 4 bedroom, 4 1/2 bath, granite, finished basement w/full shower and wet bar, patio. Was $949,900
Reduced to $874,999 for 177 days.

In Landisville Hunt (Off of Landisville Road, Behind Cold Spring Hunt)
ACTIVE: 4267 Arbor Lane, 4 bedroom, 4 1/2 bath, finished walkup basement, in-ground pool, 1+ acre lot, patio. Asking $949,500 for 23 days.
WOW! What a difference a couple of years makes! In case you’ve been living under a rock, it’s a Buyers market and the buyers simply aren’t buying. In Buckingham Township in homes priced between $550,000 and $650,000, there are 29 homes for sale, Over the past year the average in this price range is 2 sales per month, which means that there is an 8 month accumulation of properties between $550 and $650 on the market. That means that if nothing new came on the market, it would take 8 months to get rid of the current inventory.
In the $600 to $700,000 price range, there are 29 homes to sell, 2 are selling per month and there is a 14 month inventory.
In the $700 to $750,000 price range, there are 22 homes, 1 is selling a month and there are 22 months of inventory on the market.
Holicong Reserve