A monthly publication of Lehigh Valley Association of REALTORS®

Year in Review Comparison of Activity from January 2009 to January 2010: Number of Sales - During January 2010, 248 sales were reported, up approximately 22.2% from January 2009 at 203. Average Sales Price - The average sales price for January 2010 was recorded at $202,000, which remained the same compared to January 2009 when the average sales price of the month was recorded at $202,000. The Average Sales price is obtained by dividing the number of sales into the total sales dollars. Median Sales Price - The Median Sales Price for January 2010 was recorded at $175,000 which is a decrease compared to January 2009 with a median of $187,000. The Median indicates the mid-point of the range of prices-half the homes sell for less, while half the homes sell for more. Average Market Time-The average time on the market for properties sold during January 2010 was 82 days, an increase from 81 days in January 2009. List Price to Sold Price Ratio: The average sale price compared to list price for residential properties sold during the month of January 2010 is 96%, which remained the same compared to January 2009 at 96%.

Market Update

January 2010

Month in Review Comparison of Activity from December 2009 to January 2010 Number of Sales - During January 2010, 248 sales were reported, down approximately 32.2% from December 2009 at 366. Average Sales Price - The average sales price for January 2010 was recorded at $202,000, down approximately 1.9% from December 2009 when the average sales price of the month was recorded at $206,000. The Average Sales price is obtained by dividing the number of sales into the total sales dollars. Median Sales Price - The Median Sales Price for January 2010 was recorded at $175,000 which is a decrease compared to December 2009 with a median of $184,000. The Median indicates the mid-point of the range of prices-half the homes sell for less, while half the homes sell for more. Average Market Time-The average time on the market for properties sold during January 2010 was 82 days, which is a decrease compared to December 2009 at 84 days. List Price to Sold Price Ratio: The average sale price compared to list price for residential properties sold during the month of January 2010 is 96%, which remained the same compared to December 2009 at 96%. New Construction: For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sale price is $363,000. The median sales price reported is $327,000. This information is based on 7 new construction properties sold during the month of January. During the month of December 2009 the average sale price was recorded at $345,000, the median was recorded at $353,000. The Average Sales price is obtained by dividing the total number of newly constructed sales into the total sales dollars of newly constructed homes. The Median Sales price indicates the mid-point of the range of sales-half of the homes sell for less, while half of the homes sell for more. Lehigh Valley Real Estate Statistics: The statistics presented in Market Update are compiled each month based on the figures generated from the Lehigh Valley Association of REALTORS® Multiple Listing Service. Average sales prices and median prices fluctuate monthly depending upon the number of sales at the high or low end of the price range. The year-to-date numbers will generally remain more constant. The Lehigh Valley Association of REALTORS®, “The Voice for Real Estate in the Lehigh Valley”, represents 2285 real estate professionals involved in all aspects of the real estate industry.

Regional Report This table is a complete listing of real estate activity by school district in the Lehigh Valley

Residential Market Highlights New

ListingsTotal Sales

Pending Sales

Average Sale Price

Median Sale Price

Average Market Time

Current 1088 248 302 202,000 175,000 82

Year-to-Date 1088 248 302 202,000 175,000 82

Previous Year 1006 203 251 202,000 187,000 81

January Sales Distribution Sale Price Number of Sales under 70,000 28 70,001-100,000 26 100,001-150,000 45 150,001-200,000 47 200,001-250,000 29 250,001-300,000 28 300,001-350,000 18 350,001-400,000 9 400,001-450,000 8 450,001-500,000 4 500,001-600,000 2 600,001-700,000 3 700,001-800,000 1 800,001 and above 0

Lehigh Valley School Districts A

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Allentown 167 191 58 47 108,000 191 58 47 108,000 2 244,000 1 35,000 10 66,000

Catasaqua 16 19 3 6 129,000 19 3 6 129,000 0 N/A 0 N/A 0 N/A

East Penn 105 119 35 27 261,000 119 35 27 261,000 0 N/A 0 N/A 1 116,000Northern Lehigh 26 29 5 4 134,000 29 5 4 134,000 0 N/A 0 N/A 0 N/ANorthwestern Lehigh 19 20 3 5 271,000 20 3 5 271,000 1 335,000 0 N/A 0 N/A

Parkland 100 105 29 29 257,000 105 29 29 257,000 0 N/A 0 N/A 1 219,000

Salisbury 20 20 3 4 193,000 20 3 4 193,000 0 N/A 0 N/A 0 N/ASouthern Lehigh 34 34 8 5 331,000 34 8 5 331,000 0 N/A 2 705,000 0 N/AWhitehall-Coplay 37 43 14 3 232,000 43 14 3 232,000 0 N/A 0 N/A 0 N/A

Bangor Area 31 38 14 13 188,000 38 14 13 188,000 0 N/A 1 16,000 0 N/ABethlehem Area 155 163 49 51 182,000 163 49 51 182,000 0 N/A 0 N/A 1 39,000

Easton Area 119 129 35 21 224,000 129 35 21 224,000 0 N/A 0 N/A 3 68,000

Nazareth Area 41 43 16 6 254,000 43 16 6 254,000 0 N/A 0 N/A 0 N/ANorthampton Area 56 54 11 9 163,000 54 11 9 163,000 0 N/A 0 N/A 0 N/A

Pen Argyl 23 27 6 6 153,000 27 6 6 153,000 0 N/A 2 90,000 0 N/A

Saucon Valley 25 27 9 8 465,000 27 9 8 465,000 0 N/A 0 N/A 0 N/A

Wilson Area 27 27 4 4 170,000 27 4 4 170,000 0 N/A 0 N/A 0 N/A

Residential Commercial Rsdental Lot Investment PropMonthly Year-To-Date Year-To-Date Year-To-Date Year-To-Date

(Due to the timeliness of the monthly calculations, please utilize “Residential Market Highlights” for year-to-date totals)

Residential-Median Sale Price

The “Average Sale Price” is arrived at by adding sale prices of all properties sold within the LVAR area each month, and dividing that total by the number of sales

2009 2010

2009 2010 (Due to the timeliness of the monthly calculations, please utilize “Residential Market Highlights” for year-to-date totals)

This graph represents the midpoint of the price range for residential properties settled each month in the Lehigh Valley area.

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Residential- Average Sale Price

Residential- Pending Sales This graph represents the total number of listings that had their status changed to “Under Agreement” during each month

Residential Sales This graph represents the total volume of residential sales each month for the entire Lehigh Valley area.

2009

2009 2010

2010 (Due to the timeliness of the monthly calculations, please utilize “Residential Market Highlights” for year-to-date totals)

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(Due to the timeliness of the monthly calculations, please utilize “Residential Market Highlights” for year-to-date totals)

New Listings This graph represents the total number of new listings submitted to the Lehigh Valley MLS each month. These listings include sales, leases and rentals

Residential-New Construction

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This graph represents the “Average Sale Price” of newly constructed homes listed with the MLS during this month. These sales properties have an average of four bedrooms and 2 1/2 baths.

321,000

134,000

Median Sale Price By School District in Lehigh and Northampton Counties

January 2010

The statistics presented in MARKET UPDATE are compiled monthly based on figures generated by the Lehigh Valley Association of REALTORS® MLS. Reproduction of any portion of this copyrighted material is prohibited without prior approval of the MLS. President: Cathy Amant Editor: Michael Naratil, Director of MLS

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