Lehigh Valley Hosuing Market Update

Here's some information regarding the latest statistcs on the Lehigh Valley Housing Market. This info comes to us courtesy of Marilyn deMendoza-Conte of Coldwell Banker Hearthside Realtors. Marilyn is an active member in the Hellertown Business Revitalization Program and that Coldwell Banker Branch has numerous members who are very involved in our revitalization efforts. Thank you, Marilyn!

As for the information below, it examines the activity in the housing market between August 2007 and August 2008 and pertains to the Lehigh Valley area.

• Overall home sales decreased 23.4% (679 - 520)
• Average sales price decreased 5.8% ($242,000 - $228,000)
• Median sales price decreased 5% ($210,000 - $200,000)
• Average market time increased (68 days - 49 days)

It also listed the median sale price by school district in Lehigh and Northampton Counties:

• Allentown: $133,000
• Bangor Area: $213,000
• Bethlehem Area: $209,000
• Catasauqua: $139,000
• Easton Area: $244,000
• East Penn: $211,000
• Nazareth Area: $268,000
• Northampton Area: $207,000
• Northern Lehigh: $235,000
• Northwestern Lehigh: $215,000
• Parkland: $255,000
• Pen Argyl: $199,000
• Salisbury: $192,000
• Saucon Valley: $221,000
• Southern Lehigh: $580,000
• Whitehall-Coplay: $195,000
• Wilson Area: $142,000

This is a summary provided by Marilyn: "Although sales are down in the Lehigh Valley, our average price continues to remain stable and our housing market is healthier by far than most of the major markets in the U.S."

Interesting food for thought...