When is this market going to change?

Lisa Naples • July 30, 2021

You know the old saying: when life gives you lemons, make lemonade.  When life gives you an impossible real estate market, hang on for a wild ride.  If you hang on long enough, you will find a home. And you’ll have some incredible stories to share with your friends and family of the real estate adventures you had along the way.

There are signs of a slight slow down in the real estate market.  A small reduction in showings and fewer competing offers.  The demand is not going anywhere, though, so don’t expect a dramatic change. If you hang in there long enough you’ll write the right offer at the right time and it will be accepted.

The market statistics are in for June.  The average days on the market for the 666 homes sold in Lancaster County during the month of June was 16, compared to 44 days last year.  $296,678 was the average home price in June, compared to $265,979 last year.  The average home sold for 4% over list price.  Yes, the average home sold for well over the asking price.

We watch these statistics each month to see what is trending in the market.  I suspect the average sale price is ready to inch up more slowly than it has been for the last year. Do you have questions about a specific area of Lancaster County?  Want to find out what is typical in your town or school district?  Contact the Lisa Naples Team for more information.

 

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Avoid These Earnest Money Mistakes

By Ryan Rockwood • January 6, 2022
When it comes time to put an offer on a home they love, many buyers will include an earnest money deposit. This demonstrates to the seller that the buyer is serious enough to put money on the line. A sizable earnest money deposit can give buyers an edge over the competition, especially in a seller’s […] The post Avoid These Earnest Money Mistakes appeared first on Lisa Naples Team.
Buyers: How to have an edge in this market

Buyers: How to have an edge in this market

By Lisa Naples • June 26, 2021
Buyers: How to have an edge in this market You have been looking at listings on Zillow for months. You’ve sent messages to listing agents to ask questions. You have requested showings only to find out the homes have already sold. Sound familiar? The problem with Zillow or any other real estate website is that they are simply providing facts about homes that are […] The post Buyers: How to have an edge in this market appeared first on Lisa Naples Team.
You want some land?

You want some land?

By Lisa Naples • May 12, 2021
You want some land? By some land, I mean 5 to 25 acres.  Are you looking for a large property?  This search includes residential listings in Lancaster County on parcels that range from 5 to 25 acres. Some are farmettes, others are wooded.  There are many types of large properties in Lancaster County.  See something interesting? Contact the Lisa […] The post You want some land? appeared first on Lisa Naples Team.
Looking For A Little Land?

Looking For A Little Land?

By Lisa Naples • March 22, 2021
Looking For A Little Land? By a little, I mean one to two acres.  This can give you a buffer from neighboring properties if you want some privacy. Or, maybe you want enough space to build a large garage.  If what you want is a little land, please take a look at what is currently available for sale in Lancaster […] The post Looking For A Little Land? appeared first on Lisa Naples Team.
Manheim Township $200,000 to $350,000 – Where are these homes for sale?

Manheim Township $200,000 to $350,000 – Where are these homes for sale?

By Lisa Naples • March 5, 2021
Manheim Township $200,000 to $350,000 – Where are these homes for sale? The average sale price for residential homes Lancaster County has been creeping up.  Sale prices around the US have been creeping up.  The ultra-low interest rates have helped buyers afford higher prices, but there’s always a limit.  Your budget is your budget.  Manheim Township is located north of Lancaster City and South of Lititz.  It’s […] The post Manheim Township $200,000 to $350,000 – Where are these homes for sale? appeared first on Lisa Naples Team.
Someone else to mow the lawn…

Someone else to mow the lawn…

By Lisa Naples • February 18, 2021
Someone else to mow the lawn… No two homeowners associations (HOA) are the same.  For example, some are in place simply to maintain a common area of a neighborhood.  Others include lawn mowing, snow removal, and more.  Consequently, it’s important to understand what the fees include and what rules will apply to your property.  We are happy to help you understand […] The post Someone else to mow the lawn… appeared first on Lisa Naples Team.
Living in Lititz Borough

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By Lisa Naples • February 3, 2021
Living in Lititz Borough Lititz is a dynamic small town located seven miles north of Lancaster City. It was founded in 1756 by members of the Moravian Church and named after a castle in Bohemia. Lititz is known locally for the Independence Day celebration, going strong since 1813. Budget Travel named Lititz winner of “America’s Coolest Small Towns” in […] The post Living in Lititz Borough appeared first on Lisa Naples Team.
City Living In Lancaster City

City Living In Lancaster City

By Lisa Naples • January 20, 2021
City Living In Lancaster City City living is awesome. Walk to your favorite restaurant or to the theater. Stroll to the Library.  Shuffle to the market. Enjoy the parks, the people, the history and the architecture. Lancaster City is one of the largest National Register districts in the United States! Additionally, you’ll find many housing options in a broad price […] The post City Living In Lancaster City appeared first on Lisa Naples Team.
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