Home sales in 2020 were about the same as 2019 even with the COVID-19 shut down for 2 months in the Spring, our peak selling season. 2020 marks the 8th straight year of year over year price increases, after posting 5 consecutive years of year over year declines, since the Continue Reading
Lancaster County Real Estate Market is Robust
Typically, I provide 2 market updates a year: one in January and one in early July. Typically, I review the sale numbers as well as sales prices compared to prior years. THIS IS AN ATYPICAL YEAR! For this year, the numbers are skewed. January, February, and early March were Continue Reading
Lancaster County Real Estate Remains Strong and Stable
LANCASTER COUNTY REAL ESTATE REMAINS STRONG AND STABLE Official Newsletter of The Patrick Trimble Team 2019 marked 7 straight years of price increases... Home sales were basically flat again this year but remain at robust levels. 2019 marks the 7th straight year of Continue Reading
Market Update July 2019
Lancaster County Real Estate Still Very Healthy As we just passed the midpoint of 2019, I wanted to provide an update on the Lancaster County real estate market. The average price of a home in Lancaster County now stands at $229,410. This is an increase of 3.3% over last Continue Reading
Market Update December 2018
Lancaster County Real Estate Slowing and Showing Signs of Stress Over the past 19 years the number of homes sold in Lancaster County is as follows: 2000 – 5,047 2004 – 6,160 Continue Reading
An Interesting Read for Anyone Buying or Selling a Home
This content is from a recent blog post from the Lancaster County Association of Realtors ... Who's Listening? A recent call to the Hotline was from a listing salesperson who just ended an interesting conversation with her seller. The seller had called to Continue Reading
How are Interest Rates Determined?
Although there are multiple factors that affect interest rates, the movement of the 10-year Treasury bond (T-bond) yield is said to be the best indicator to determine whether mortgage rates will rise of fall. Why? Though most mortgages are packaged as 30-year Continue Reading
Market Update December 2017
Lancaster County Real Estate Continues to Strengthen Over the past 18 years the number of homes sold in Lancaster County is as follows: 2000 – 5,047 2004 – 6,160 2008 – 4,513 2012 – Continue Reading
Lancaster County Real Estate Market Conditions 9-17
According to a recent LCAR report, the 575 homes sold in August is a 4.3 percent decrease from the August 2016 mark of 601. The five-year average number of sales for August is 543. For the first eight months of the year, there have been 4,125 homes sold compared Continue Reading
Lancaster County Real Estate Market Conditions 8-17
According to recent LCAR report, the 575 homes sold in July is a 1.8 percent increase from the July 2016 mark of 565. The five-year average number of sales for July is 537. For the first seven months of the year, there have been 3,565 homes sold compared to 3,398 Continue Reading
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