August 2009 Newsletter Here’s What’s Happening in Our Neighborhood:
ACTIVE: 4972 Davis Drive,CLICK HERE for a VisualTour of this listing.
A GUTNER TEAM LISTING! Gorgeously Expanded Northampton, 4 Bedroom, 2 1/2 Bath, Hardwoods, Kitchen with Cherry Cabinets, Granite and Greenhouse Addition, Master Bedroom with Sitting Room. Large Deck Backing to Protected Space and Walk-Up Basement. Asking $499,000
4903 Mead, A Belmont, 4 bedroom, 2 1/2 bath, hardwoods, granite, finished basement, deck, patio. Was Originally Asking $579,000 Reduced to $549,500 for 184 days. Re-listed at $537,900 Reduced to $519,000 for 73 days.
4284 Michener, A Cornell, 4 bedroom, 2 1/2 baths, hardwoods, granite. Was $545,000 Reduced to $518,500 for 146 days.
5076 Grundy, An Expanded Cornell, 4 bdrm, 2 1/2 bath, hardwoods, granite. Was $637,500 Reduced to $619,900 for 244 days.
WITHDRAWN: 5060 Grundy, A Cornell, 4 bdrm, 2 1/2 bath, hardwoods, granite, patio, pool. Asking $637,500 for 86 days
PENDING: 5001 Mead, A Haverford, 4 bedroom 2 full and 2 half baths, hardwoods, granite, finished basement with powder room, trex deck. Asking $539,000 for 18 days.
5000 Grundy, A Glenfield, 5 bdrm, 3 full bath, conservatory, hardwoods, soap stone counters, deck. $669,500 Reduced to $599,900 for 410 days.
5025 Davis, An Eaton, 4 bedrooms, 2 1/2 baths, granite, 4 season sunroom, new master bath, deck w/retractable awning, finished basement. Asking $535,000. RELO OWNED—THEY MUST SELL!
SOLD: 4940 Redfield,CLICK HERE for a VisualTour of this listing.
ANOTHER GUTNER TEAM LISTING! A Northampton, 4 bedrooms, 2 1/2 baths, granite and cherry, fin bsmt w/wet bar, patio. Was $509,900 Sold for $460,000 Virtual Tour at www.gutner.com.
4339 Michener,CLICK HERE for a VisualTour of this listing.
A GUTNER TEAM LISTING! A Belmont, 4 bedroom, 2 1/2 bath, new corian, 3 season sunroom, almost 1/2 an acre w/fenced yard. Was $524,900 Reduced to $499,900 for 540 days. Sold by The Gutner team in 86 days! See the Virtual Tour at www.gutner.com.
4809 Redfield, A Northampton, 4 bdrm, 2 1/2 bath, hardwoods, granite, deck. Was $545,000 Sold for $530,000 in 27 days.
4933 Mead, A Belmont, 2 1/2 bath, hardwoods, upgraded kitchen w/granite, new master bath w/granite, screened porch plus deck, 3 car garage. Was Asking $575,000 Reduced to $520,000 Sold for $504,000 in 152 days.
5008 Grundy, A Haverford, 4 bedroom, 2 1/2 bath, hardwoods, granite, family room w/wet bar. Was Asking $599,750 Reduced to $489,999 Sold for $475,000 in 198 days. RELO OWNED.
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 is 22 months of inventory on the market.
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