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
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
Tax Assessment Formula
Tax Assessment Formula Determining a “fair” assessment can be complex. Each year a state agency called the State Tax Equalization Board issues a common level ratio for each county, essentially the average difference between assessments and sales prices for Continue Reading
Are your smoke detectors yellow?
As a Realtor, I get the opportunity to visit many homes on a weekly basis. On a regular basis, I notice that the smoke detectors have yellowed significantly. While it may seem like a cosmetic concern, these yellow detectors may actually present a risk to the 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
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
June Marks Busiest Month Ever for Home Sales in Lancaster County!
LANCASTER—According to a report released today by the Lancaster County Association of Realtors® (LCAR), the 697 homes sold in June makes it the busiest month ever for home sales in Lancaster County, beating the previous record of 666 sales set in June 2004. The 697 mark is a Continue Reading
June Home Sales Set Record
Pending Sales in June are best for the month since 2005; Settled Sales are highest ever! Pending home sales climbed 8.7 percent in June, despite a shortage of homes for sale, the Lancaster County Association of Realtors said Monday. The county last month saw 600 pending Continue Reading
Lancaster County Real Estate Market Conditions 7-7-2017
According to a recent LCAR report, the 583 homes sold in May is a 6.0 percent increase from the May 2016 mark of 550. The five-year average number of sales for April is 522. For the first five months of the year, there have been 2,252 homes sold compared to 2,179 during the Continue Reading
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