Real estate sales skyrocket; on cusp of a seller’s market | Mt Kisco Real Estate

It just keeps getting better.

The September real estate figures for the Greater Lehigh Valley show a robust 19.8 percent increase in home sales over September 2012, another strong month in what has been a brisk year of activity.

“This year has been absolutely the best year we have had probably in the last eight years,” said Bill Sands, broker with Sands & Company, Wyo-missing, Berks County. “It has been very robust.

“That robust activity and sales volume we experienced I feel is a direct attribute to the confidence that the market has reached bottom and has stabilized. The interest rates were still at an all-time low, so that has propagated a lot of people to feel safe to venture back into the market.”

The numbers from across the region show that 1,260 homes were sold in September, an increase of 208 homes when compared to last September. And going back two years, this year’s September numbers show a 23.4 percent jump over September 2011’s figures.

Sands sees positive signs for the market, in part because of a reduction in the number of foreclosures.

“In the past, foreclosures were very much as-is,” he said. “With the banks and investors taking back these properties, going in and doing the basic cleanup, they are getting a higher price point, which is helping to raise the bar on the value. It’s a very positive sign.”

 

 

 

http://www.lvb.com/article/20131028/LVB01/310259996/Real-estate-sales-skyrocket;–on-cusp-of-a-seller%C3%ADs-market