Pocono Real Estate - Pocono Homes For Sale
this guide to Real Estate in the Pocono Mountains. With over 40 years
experience our Pocono Homes for Sale professionals will find you the best
deals in the local Pocono real estate home buying and selling markets.
There are free tools on this web site to help get your next real estate
transaction started, whether you're buying, selling, renting or investing.
Buying Tips Below you will find details on communities in the Poconos
real estate region and information on services to help get you the most
for your real estate investment. you might consider starting with our
list of Best places
to Live in the Poconos.
Pocono Homes for Sale MLS Search
Our Pocono MLS search, enables you to browse local homes for sale and get a sense of the market before you buy or sell. Every home for sale from every real estate broker in the region is listed and updated every day right here. You have access to the latest Poconos MLS listings from every other participating broker in the area so bookmark this site and make it a favorite! Whether you're looking for luxury homes, view homes homes, lakefronts, foreclosures, or fixer uppers you'll find them on this site. You can also have the newest listings of interest sent to you automatically - all listings will include multiple pictures, virtual tour, addresses, prices, bedrooms, bathrooms, year built, property features maps, and more. For investors we also offer by request, a free list of Pocono foreclosures.
Pocono Home Values 1st Quarter 2014
Home values in the Pocono Mountains have fallen since 2009 about 25-28% in total. Last year (2013) Prices were stable and as of the end of the year 2013 prices compared to 2012 prices were almost exactly the same. However, in the first quarter of 2014 vs the first quarter of 2013 there have been trend changes. The most important and largest change has been the days on the market. Houses are selling faster! Much Faster Than Last Year. This indicator shows that houses sold in the first quarter of 2014 were on the market 35% less time that those sold during the same time last year. Here is more information.
Thinking of Selling Your Home?
If you're thinking of selling your Pocono home because you're ready to downsize, ready to move up to a larger home, transferring out of the area, or you can no longer afford to own your home any longer and you need to sell fast to avoid a short sale or foreclosure, then a home evaluation is necessary to get started. A Poconos Real Estate Agent's free home evaluation include up-to-date detailed comparable sales information (CMA) so you will know what homes are selling for in your neighborhood. This detailed information will be emailed in an easy to read format that you can print and save, and is also available by mail or an agent can visit and drop off the evaluation at your door. Again, there is no cost for the home evaluation service. Ask for it in the request form above or call 570 517 2428 anytime.
Pocono Real Estate News
YEAH!!!!! The Pocono Real Estate Market has stablized and looks to be rebounding with a reversal of prices. In terms of housing, the Fed forecasts indicate the housing market is in fact stabilizing and in many areas of the country rebounding.
One trend noticed in this last few months (starting in Mid 2013) is that the foreclosure market is now being dominated by investors with cash. Investment buyers (those seeking to buy and then to rent, or those buying to hold, fix and resell later) are now recognizing that the market past the bottom. These buyers are now swooping in to pick up some of the really cheap foreclosures some of which when properly priced last only days on the market.
Mortgage Money is Available from Local Pocono Banks
Pocono Banks like East Stroudsburg Savings, Pocono Community Bank and Penn Security Bank are aggressively seeking to lend money to borrowers on mortgages on Poconos Real Estate in the Monroe, Wayne, and Carbon County areas. These institutions are virtually unscathed by the current credit crisis as they tend not to sell their mortgages and work with their own cash on hand. It is unlikely that any of these three banks have issued any sub prime mortgages and they all have lower than the national average foreclosure rates. 1/14/14 - Credit is loosening up we now have 3% down mortgages again. Call USA Realty to discuss homes that qualify for low down payments 570-517-2428.
- Here's what's happening in real estate in the Poconos and in Pennsylvania Homes For Sale Real Estate.
As you can see by the following Pocono Real Estate Sold Market Analysis * There has been a shift in the first Quarter of 2014 vs first Quarter of 2013. Total listings or properties available are down by 4% ( a continuing trend). Days on the market are down by 35% (bad for buyers, good for sellers). Pending sales are up a wild 12%. Number of homes sold is UP by 3% (bad for buyers, good for sellers). The average sale price has increase by 5% ... this is a significant change as previous quarters were in parity (had no change).
Active Listings: Have also decreased.. meaning fewer houses on the market for a buyer to choose from -- Last year 3221 vs end of this quarter 2959.
This is good news. Inventory is now dropping with fewer houses on the market prices will rise. And this is a trend reversal from 2008-2012. The bad news is that there is still a pretty good supply and unless a home is priced at the lowest competitive price for homes in its price range, there will be a longer than normal marketing time. One of the unique aspects of the Poconos Market is that there are MANY more second and vacation homes in inventory than the national average (Who buys a second home in Pittsburgh, Harrisburg?) Second home owners are typically more patient than the average home seller, are willing to wait to get the best price and can (and do) often rent the home while it is being marketed. The Poconos Real Estate Experts expect this number should be higher than the national average.
First Quarter 2014 VS 2013
About the same
No great news for either Sellers or Buyers.
Days on the Market : DOWN 35% for homes recently listed
First quarter 2014
Number Homes Sold: UP 3%
First quarter 2014
Average Sale Price: 5% UP! Up! UP... time for buyers to understand that they must be aggressive with offers. The "Low Ball" offer will no longer be considered on homes that are aggressively priced.
First quarter 2014
Also ... Houses sold last quarter were being sold at 94% of list price. This is a chnge from the depths of the depression when discounts were in the 87% range.
Best Lake and Golf Vacation Home Neighborhood - Pinecrest Lake Golf and Country Club. Everything is here. Lake, Golf Course, Ha r-true Tennis courts, a really nice pool complex, good management, central water and sewer, classic and well designed architecture, and a country lifestyle near skiing, the casino, shopping, state parks, and more.
Best All Around Low Priced Vacation Home Neighborhood - Pocono Farms Community Association (note not Pocono Farms East) This community has homes from the low 100's, paved roads, community water, a small lake, a nice pool and tennis complex, good management, a golf course, low dues, and a sense of community. Check out Pocono Farms Homes for Sale
Best Place to buy an inexpensive home - Pocono Country Place. Homes here start in the $40,000 range. Most need renovation and are on small lots, but it is the neighborhood most likely to appreciate when the market shifts. Check out Pocono Country Place Real Estate
More to come tomorrow.
*Obtained from the Pocono Mountain MLS System Sold Market Analysis on 1/23/2014
Prepared by USA Realty - 39 Years Poconos Real Estate experience. April 2014. The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors. All listing data is the copyrighted property of the aforesaid Association and its MLS-IDX Participants with all rights reserved. It is not Guaranteed to be accurate. USARealty.Net PA Licensed Real Estate Broker RB 066233 3076 Valhalla View, East Stroudsburg, PA 18301 570-517-2428 All Rights Reserved.