8/14/2019 Martin Millner Exec Summary [SF] PA NEW HOPE 18938 2010-02-19

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NEW HOPEMartin Millner's

18938Sunday February 21, 2010

market update

The median single family home prin NEW HOPE 18938 this week i $794,500.

THIS WEEK Median List PriceReal-Time Market Profile Trend

$ 794,500

357Average Days on MarketAsking Price per Square Foot $ 246

Percent of Properties with Price Decrease 25 %

Percent Relisted (reset DOM) 12 %Percent Flip (price increased) 4 %

Market Action Index* 10Cold! Buyer's Market

Median Number of BedroomsMedian Number of Bathrooms

Median House Size (sq ft)Median Lot Size

3,369

4.02.9

1.0 - 2.5 acres Inventory has been decreasing latebut the Market Action Index is fallalso. With days-on-market climbinthese are relatively negativeimplications for the market.

* see below for details on the Market Action Index

PRICEThis week prices in this zip codebumped up a bit but the trend of reweeks is generally downward. A pin demand will be reflected in theMarket Action Index, so watch thachart to try to identify a trough in tmarket.

SUPPLY AND DEMANDThe Market Action Index answers the question "How's the Market?" By measuring thecurrent rate of sale versus the amount of the inventory.

Local conditions are currently quit strongly in the Buyer's Market zon(below 30). The 90-day Market AcIndex stands at 10. With several mof inventory available at the curren sales rate, buyers should find amplchoice.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor thebuyer.

Bed BathMed.Sqft

Med.Age Inven. New

Ab-sorbedMed. Lot SizeMedian PriceQuart

Investigate the market inquartileswhere each quartile is 2of the homes listed.

QUARTILESCharacteristics per Quartile

Avg.DoM

5.0 - 10.0 acres5,500 5.0 4.5 13 44 2 0$ 2,197,0001 Most expensive 25% of homes396

1.0 - 2.5 acres4,188 4.0 3.5 19 44 3 0$ 992,5002 Upper-middle 25% of homes334

1.0 - 2.5 acres3,169 4.0 2.5 35 44 1 2$ 684,0003 Lower-middle 25% of homes369

0.50 - 1.0 acre2,410 4.0 2.5 36 44 3 2$ 499,4504 Least expensive 25% of homes330

Martin Millner | www.MartinMillner.com | 215-519-1399

8/14/2019 Martin Millner Exec Summary [SF] PA NEW HOPE 18938 2010-02-19

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Altos Research Corp. reports real-time analysis of the residential real estate market in local markets across the country. Allinformation contained herein is based on properties currently listed for sale and available publicly. When evaluating aparticular property, make sure you use comparable sales data in addition to the market trend information available in thisreport. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such. Usethis report as one input in the real estate decision making process, but do not rely on it for accuracy. Nothing in this reportor any other Altos Research publication is a recommendation to buy or to sell real estate. We recommend you work with alicensed real estate agent or broker.

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