Central Pennsylvania Real Estate Report

 

Average Sales Price
West Shore
School District
October 2009
October 2010
Days on Market
Camp Hill
$189,869
$156,151
79/116
Cumberland Valley
$234,894
$271,152
106/64
West Shore
$812,266
$169,591
88/61
Northern
$231,593
$201,446
134/60
Mechanicsburg
$190,350
$204,067
58/81
East Pennsboro
$178,055
$198,450
62/102
East Shore
Central Dauphin
$176,217
$209,175
92/123
Derry Township
$285,399
$281,982
62/99
Harrisburg
$ 83,577
$ 65,564
100/84
Lower Dauphin
$199,019
$261,211
85/72
Middletown
$141,258
$152,164
80/124
Steel High
$ 77,103
$ 74,450

87/182
Susquehanna Township
$176,968
$150,182
70/70

 

Average Sales Price
West Shore
School District
November 2009
November 2010
Days on Market
Camp Hill
$201,900
$148,980
79/104
Cumberland Valley
$248,639
$277,533
68/110
West Shore
$200,547
$181,043
58/107
Northern
$228,233
$194,650
100/57
Mechanicsburg
$179,385
$157,319
92/69
East Pennsboro
$151,279
$186,271
75/68
East Shore
Central Dauphin
$177,627
$148,780
79/104
Derry Township
$222,578
$288,382
131/136
Harrisburg
$ 81,986
$ 59,497
64/68
Lower Dauphin
$209,484
$229,143
99/84
Middletown
$112,700
$139,500
60/87
Steel High
$ 108,967
$ 64,738

113/149
Susquehanna Township
$160,150
$157,266
54/96

 

Average Sales Price
West Shore
School District
December 2009
December 2010
Days on Market
Camp Hill
$159,725
$215,883
174/63
Cumberland Valley
$252,226
$275,893
111/115
West Shore
$194,431
$178,015
72/95
Northern
$199,756
$175,307
80/68
Mechanicsburg
$188,229
$226,874
60/110
East Pennsboro
$164,392
$138,260
55/93
East Shore
Central Dauphin
$182,435
$167,787
65/80
Derry Township
$289,291
$189,216
130/103
Harrisburg
$ 69,958
$ 62,138
120/135
Lower Dauphin
$212,463
$274,087
70/54
Middletown
$122,829
$154,688
52/137
Steel High
$ 70,667
$ 48,000

137/78
Susquehanna Township
$164,504
$153,279
69/240

If there is one subject that is constantly discussed, it is the state of the real estate market in the Greater Harrisburg area. I am always asked are homes selling and what sales range is the strongest. The short answer is that homes continue to sell in our market, but they are taking a little longer to sell than what we have experienced is the past few years and that trend probably will continue into the first half of 2011. Homes priced in the low to mid $100,000s are selling the best, if you will but we must remember there are traditionally more homes in this range than any other price range. But homes in all price ranges continue to sell in our market. We must remember that some of the unfortunate news that we hear about in some areas of the country are not being experienced by this market to the degree that other areas have experienced. Yes there has been a slowdown in sales and increases in foreclosures and short sales in this market and that trend will again continue in the near future.

Is there good news in the Harrisburg real estate market? Absolutely, mortgage rates, although they have increased recently, are still below 5% and most likely will increase slightly in the months ahead. Additionally, the average home sales price has held up remarkably well and in my opinion that will continue. And lastly if you are looking to purchase a home there is a great selection of homes to choose from in all price ranges. We will most likely never see the frenzy that we saw a few years back, but I have been in this business for over 19 years and we will see the normalcy of the early 2000s and we will experience excellent home sales numbers with appreciating, not depreciation average home sale prices. No the glass is not half full yet but we are getting closer. May you have a Happy and Prosperous 2011.

If you have any real estate questions please contact me at Don@DonRoth.com and if you would like to see the list of available homes for sale visit my web site www.DonRoth.com and click on the search listings tab and search away.