#
Kable Team Realty
Charles Town West Virginia Real Estate, Homes for Sale | Charles Town Realtors
Search West Virginia Real Estate for Sale
Featured Listings
Where To Live
Buying a Home in West Virginia - Jefferson County Homes for Sale
Selling Your Home in West Virginia - Jefferson County Real Estate
Charles Town WV Foreclosures | Jefferson County WV Foreclosures
Your West Virginia Real Estate Agent Specialist
Contact Your Charles Town, Harpers Ferry Real Estate Team Today
Jefferson & Berkeley Counties, WV Real Estate
Kable Team Realty's Preferred Service Providers
Buyers/Sellers

Latest Posts
Archive


 Eastern Panhandle WV Real Estate Blog 
Wednesday, 02 January 2013
A new year has begun, and many of you around Berkeley County and Jefferson County might be thinking about buying or selling your home before year’s end. This is definitely a large financial decision to make, so you want to make sure that you have the best information about the state of the market before you enter your transaction. As your one of the premier real estate teams in West Virginia’s Eastern Panhandle, we make it a priority to look at the most updated statistics at the end of each year to gauge what we can expect in the year to come. What we discovered is that 2013 looks like a promising year for local real estate!
Here is a brief synopsis of 2012 housing statistics:
In existing home sales…
·         Total existing home sales rose 5.9% in November over last month.
·         Sales are 14.5% higher than November 2011.
·         Sales are at their highest level since 2009.
·         Total housing inventory is the lowest since September of 2005 at 4.8-month.
·         The national median existing home price is up 10.1% from November of last year.
In pending home sales…
·         Pending home sales increased for the third straight month in November and reached the highest level in 2.5 years.
·         The index is at the highest level since April 2010, when people were scrambling for the home buyer tax credit.
·         On a year-over-year basis, pending home sales have gone up for 19 consecutive months.
In new home sales…
·         November numbers hit a 2.5 year high when they rose 4.4%.
·         Sales are now 15.3% higher than one year ago.
Home prices…
·         Home prices rose 4.3% in the 12 months ending in October.
·         In nineteen out of twenty cities surveys, annual returns were higher in October than September.
So, what does this all mean?
·         We have turned a corner. The real estate market is starting to recover.
·         While the numbers look promising, we still have a very long way to go before the real estate market is back in a “healthy” state.
·         While 2012 could be considered a “rebuilding” year where the market bottomed out, in 2013 we’ll start to see more strides in a recovery.
·         Home prices are still low, as are mortgage rates, but home prices are starting to go up. This is a great time to enter the market if you’re a buyer and seller as homes are still affordable, but rising in value.
Looking over these statistics, we can confidently say that housing market conditions are improving and that buyers and sellers need not be afraid to enter the real estate market in West Virginia’s Eastern Panhandle. With our team of experts by your side and the improving housing market, your transaction will be in great hands and run smoothly.
If you have any questions about selling or buying a home in Jefferson County or Berkeley County, don’t hesitate to contact us! We’d be happy to help.
Posted by: AT 04:17 pm   |  Permalink   |  Email
  

 

KABLE Team Realty

Tracy Kable, Broker
873 E Washington St, Suite 200
Charles Town, WV 25414-1520
Phone: (304) 725-1918
Email: TheKableTeam@TheKableTeam.com

Facebook Twitter Plaxo

Real Estate Logo Design, Real Estate Website Design &
Real Estate Marketing Services Provided by:

Terms Of Use - Privacy Policy - Contact Policy 

Site Map

Copyright© All Rights Reserved.

Site Powered By
    prostepmarketing.com
    Online web site design