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| PoconosRealEstate .ws - An Official Pocono Real Estate Guide |
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Welcome. Click on the above to ask us real estate questions 24 hours a day. |
Pocono Real Estate - Pocono Homes For Sale
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 ValuesHome values in the Pocono Mountains have fallen since 2008 about 25-28% in total. with about 8% of that occurring in the last year. There are pockets of communities throughout the region, specifically the mountain areas and prominent luxury developments in Lake Naomi, Timber Trails, Hemlock Farms, Glen brook in Stroudsburg, PA and Buck Hill Falls where prices have not fallen quite as much. In addition, Lakefront homes have weathered the downturn better than most others. 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 NewsIts no secret. The Pocono Real Estate Market like the U.S. economy has slowed since the beginning of 2008, with the housing market in decline, unemployment levels rising and consumer spending dropping . But Federal Reserve Chairman, Ben Bernanke, reports that the pace of contraction may be slowing. He says, "We expect that the recovery will gradually gain momentum and that economic slack will diminish slowly. In particular, businesses are likely to be cautious about hiring, implying that the unemployment rate could remain high for a time even after economic growth resumes later this year." In terms of housing, the Fed forecasts indicate the housing market is in fact stabilizing. One trend noticed in this last few months (starting in Mid 2010) 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 is at or near 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 BanksPocono 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. 04/6/2011 - 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.
The State of Real Estate in the Poconos Mountain of Eastern PA - 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 2011 vs First Quarter of 2010. Listings are down (good news for sellers, bad for buyers). New listings are down significantly (good news for sellers, bad for buyers). Days on the market are up (bad for sellers, good for buyers). Number of homes sold is down (bad for sellers, good for buyers). The average price continues to be lower (bad for sellers, good for buyers). Active Listings: Down -6% 1/1/2010 to 4/1/2010- VS 1/1/2011 to 4/1/2011 5569 VS 5225 New Listings 1/1/2010 to 4/1/2010- VS 1/1/2011 to 4/1/2011 2146 1882 -12% Great news for Sellers - Bad News for Buyers. Fewer properties to choose from. Days on the Market : UP +5.8% 1/1/2010 to 4/1/2010- VS 1/1/2011 to 4/1/2011 This is not good news. Homes are still taking longer to sell than in the past. Sellers must be still be more aggressive with pricing and be willing to accepting reasonable offers before this will get better. Number Homes Sold: Down 2% 1/1/2010 to 4/1/2010- VS 1/1/2011 to 4/1/2011 515 VS 503 -2% Average Sale Price: Down -5% below same period last year 1/1/2010 to 4/1/2010- VS 1/1/2011 to 4/1/2011 The Best Places to Live in the Poconos - Since everyone has different needs and wants on housing, we've picked different neighborhoods for retirement, vacationing, skiing, commuter family life, the in town lifestyle and more. If you're considering buying a home in the Poconos this is a Must Read. 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 04/04/2011 Prepared by USA Realty - 39 Years Poconos Real Estate experience. April 2011. 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 718 Milford Road, East Stroudsburg, PA 18301 570-517-2428 All Rights Reserved. |
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Bookmark 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. 
