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Home > Home Owner Resources

Lancaster County Real Estate Market is Robust

July 1, 2020 by ptrimble Leave a Comment

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

August 7, 2019 by ptrimble Leave a Comment

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

June 11, 2019 by ptrimble 1 Comment

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?

March 4, 2019 by ptrimble Leave a Comment

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

January 29, 2019 by ptrimble Leave a Comment

      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?

April 11, 2018 by ptrimble Leave a Comment

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

January 28, 2018 by ptrimble Leave a Comment

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!

August 2, 2017 by ptrimble Leave a Comment

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

July 21, 2017 by ptrimble Leave a Comment

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

July 7, 2017 by ptrimble Leave a Comment

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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Patrick Trimble * Elizabeth Bowlin
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