Market Update by Heather Jackman

If your property is currrently listed witha real estate broker, please disregard.It is not my intention to solicit the offerings ofother real estate brokers.

MU

1207 Birch AveSold for $390,000 5/01/209

312 Arborlea AveSold for $305,000 12/04/2009

MU

1210 Birch AveSold for $315,000 10/30/2009

MU


MU

MU

223 West Ferry RdSold for $470,000 12/29/2009

MU

106 West FerrySold for $576,600 9/30/2009

MU


MU

204 Elm AveSold for $299,000 10/02/2009

Hearthside70 West Afton Ave Yardley PA 19067

“I expect only the best for you” prin

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For Further Details Contact:Heather JackmanColdwell Banker Hearthside215.493.9080 x119215.431.0884 cellRL#RS292094

As your local real estate expert, I rely on thorough knowledge of marketingtechniques to help my clients succeed when buying or selling a home.When the time comes, call me for success!

- HeatherJackman

MU

21 Wilfred DrSold for $350,000 8/26/2009

MU

1101 Linden AveSold for $374,000 10/21/2009

LOWER MAKEFIELD TOWNSHIPSINGLE FAMILY HOMES

Market Facts as of DECEMBER YTD 2009______________

Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data

Inventory of homes for sale in Dec 2009 was 174 Inventory of homes for sale in Nov 2009 was 196 Inventory of homes for sale in Dec 2008 was 174

Unit Inventory is flat year over year, And down 22 homes sequentially from Nov 09

Avg. price of a home for sale in Dec 2009 was

$501k Avg. price of a home for sale in Dec 2008 was

$562kList prices of homes in inventory down 10.9%

251 homes sold as of Dec YTD 2008 at 94% of list

price 255 homes sold as of Dec YTD 2009 at 91% of list

priceUnit Sales volume is up slightly 1.6% year over year, improved over Full Year 2008 Unit Sales which were

down 33.5%Buyers achieving approx 9% avg. discount from List

Price

Summary: For reference, Full Year 07 Unit Growth was 6.5%, Full Year 08 Sales recorded a lower (-33.5%) result, while YTD 09 has turned modestly positive; Inventory is at an 8.2 Month supply of homes. The Average Sold Price for the Full Year 2006 was a modest 3.6% increase, Full Year 2007 reflected a 6.4% decrease, and Full Year 2008 recorded a 3.1% increase. Dec YTD 09 reflects a 6.7% Price decrease. Buyers are achieving increasing “discount” leverage in negotiation, Market conditions are considered above “Balanced”, favoring the Buyer, with 8.2 Months of Homes in Inventory (Note: a Market is considered “balanced” with 6 Months Inventory).

What does this mean to a Seller?

There is an 8+ Month Supply of homes on the market, generally, for longer periods of time so the competition remains challenging. The Average Days on Market are now 84 versus 67 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2006, 2007, 2008, 2009 versus the ~10+% experienced during the prior 4-5 years. Be realistic and remember the current market is what determines the price of your

LMT average days on market per home = 84 days

Heather’s listings average days on market = 41 days!

You can find more areas and their data @

If your property is currrently listed witha real estate broker, please disregard.It is not my intention to solicit the offerings ofother real estate brokers.

Hearthside70 West Afton Ave Yardley PA 19067

“I expect only the best for you” prin

ted

by O

TVon

lineM

edia

.com

For Further Details Contact:Heather JackmanColdwell Banker Hearthside215.493.9080 x119215.431.0884 cellRL#RS292094

Home improvement projects are still worth the investment according

to Remodling magazines “Cost vs Value Report.”

Here is some data from the report that pertains to our area:

Attic BedroomBack-Up Generator

BathroomDeck (composite)

Deck (wood)Family Room

GarageMaster Suite

SunroomTwo Story

BathroomDeck (composite)

GarageMaster Suite

ADDITIONS:

Data from Middle Atlantic States ( NJ, NY, PA)Job Cost

ResaleValue

CostRecouped

REMODELINGS:

BasementsBathroom

Home OfficeMajor KitchenMinor Kitchen

BathroomMajor Kitchen

$53,780$15,290$42,441$15,890$11,260$88,704$62,431

$111,857$76,580

$165,708

$81,166$39,270$92,962

$238,299

REPLACEMENTS:

$67,455$17,383$29,525$59,905$22,130

$55,766$115,605

$39,292$8,206

$22,272$10,404

$7,917$51,991$34,847$67,612$38,661

$107,770

$42,240$22,584$45,241

$124,774

73.1%53.7%52.5%65.5%70.3%58.6%55.8%60.4%50.5%65.0%

52.0%57.5%48.7%52.4%

$41,127$11,817$13,841$39,860$15,973

$31,862$67,988

61.0%68.0%46.9%66.5%72.2%

57.1%58.8%

Entry DoorRoofing

Siding (vinyl)Window (vinyl)

Window (wood)

Entry DoorGrand Entrance

RoofingSiding (fiber cement)

Siding (foam vinyl)Window (vinyl)

Window (wood)

$1,248$22,292$10,980$11,408$12,410

$3,632$7,855

$42,333$13,497$13,369$14,795$18,656

$1,217$14,508

$8,920$8,766$9,248

$2,316$5,013

$24,133$10,710$10,489$10,857$12,536

97.5%65.1%81.2%76.8%74.5%

63.8%63.8%57.0%79.4%78.5%73.4%67.2%

UPSCALE

UPSCALE

UPSCALE

$8,000 For First-Time Buyers. $6,500 For Move-Up Buyers.Low Monthly Payments. Historically Low Interest Rates.

THE HOMEBUYER TAX CREDIT AT A GLANCE... * Nothing to Pay Back - This is Direct Stimulus to You! * The $8,000 credit may be available to First-Time Buyers, and to Buyers who have not owned a primary residence in the past three years. * The $6,500 credit may be available to Move-Up Buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement. * Single taxpayers earning up to $125,000 per year and married couples earning up to $225,000 per year may qualify for the full tax credit. * Single taxpayers who earn between $125,000 and $145,000, and married couples who earn between $225,000 and $245,000 may be eligible to receive a partial credit. * Purchase price of home cannot exceed $800,000. * Credit available on homes under contract on or before April 30, 2010 and settled by June 30, 2010.

This is a unique opportunity for all homebuyers to capitalize on today's exceptionally low interest rates and low prices. Perhaps more than ever it is a great time to buy. The program ends April 30, 2010 and is not expected to be extended again. For further details and answers to frequentlyasked questions.

For more information and help finding your first home, call Heather.

Heather Jackman

HOMEBUYER TAX CREDIT 2010

215.493.9080 X119

Call me to find out why now is a gret time to buy or sell a home.I’ll provide you with a complimentary market analysis of current sales listings in your neighborhood.I’ll also show you my state of the art marketing plan that will enableyou to receive top dollar for your home in today’s challengingmarket place.

I am ready to go to work for you and prove that knowledge,honesty, and integrity will result in a positive and successful transaction.

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LOWER MAKEFIELD TOWNSHIP SINGLE FAMILY HOMES

Market Facts as of DECEMBER YTD 2009 ______________

Source: COLDWELL BA�KER HEARTHSIDE REALTORS MARKET RESEARCH from TRE�D MLS Data

Inventory of homes for sale in Dec 2009 was 174 Inventory of homes for sale in Nov 2009 was 196

Inventory of homes for sale in Dec 2008 was 174 Unit Inventory is flat year over year,

And down 22 homes sequentially from Nov 09

Avg. price of a home for sale in Dec 2009 was $501k Avg. price of a home for sale in Dec 2008 was $562k

List prices of homes in inventory down 10.9%

251 homes sold as of Dec YTD 2008 at 94% of list price 255 homes sold as of Dec YTD 2009 at 91% of list price

Unit Sales volume is up slightly 1.6% year over year, improved over Full Year 2008 Unit Sales which were down 33.5%

Buyers achieving approx 9% avg. discount from List Price

Summary: For reference, Full Year 07 Unit Growth was 6.5%, Full Year 08 Sales recorded a lower (-33.5%) result, while YTD 09 has turned modestly positive; Inventory is at an 8.2 Month supply of homes. The Average Sold Price for the Full Year 2006 was a modest 3.6% increase, Full Year 2007 reflected a 6.4% decrease, and Full Year 2008 recorded a 3.1% increase. Dec YTD 09 reflects a 6.7% Price decrease. Buyers are achieving increasing “discount” leverage in negotiation, Market conditions are considered above “Balanced”, favoring the Buyer, with 8.2 Months of Homes in Inventory (Note: a Market is considered “balanced” with 6 Months Inventory).


There is an 8+ Month Supply of homes on the market, generally, for longer periods of time so the competition remains challenging. The Average Days on Market are now 84 versus 67 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2006, 2007, 2008, 2009 versus the ~10+% experienced during the prior 4-5 years. Be realistic and remember the current market is what determines the price of your

b

MORRISVILLE BORO SINGLE FAMILY HOMES

Market Facts as of DECEMBER YTD 2009 _____________



Inventory of homes for sale in Dec 2008 was 81 Unit Inventory is down 21% year over year, And down 6 homes sequentially from Nov 09


List prices of homes in inventory down 6.9%


Unit Sales volume is up 35.1% year over year, versus Full Year 2008 Unit Sales which were down 27.2%

Buyers achieved approx 10% avg. discount from List Price

Summary: Inventory levels are down and sales volume is up notably as of Dec YTD. The Average Sold Price for 2007 was a modest 1.3% increase, 2008 Sold Average Prices reflected a 9.3% decrease. Dec YTD 2009 reflects a 10.9% Price decrease. Buyers have increasing “discount” leverage in negotiation, and the Market remains a “Buyers Market”, though it is moving to a more balanced position. Currently there are 7.7 months of Homes in Inventory. Note that a Market is viewed as “Balanced” with approx 6 Months Inventory.


There is a near 8 Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market is 97 versus 69 last year. It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.

f

NEWTOWN TOWNSHIP SINGLE FAMILY HOMES




Inventory of homes for sale in Dec 2008 was 98 Unit Inventory is down 6.1% year over year,



List prices of homes in inventory are near flat, up 0.4%


Unit Sales volume is down 3% year over year, versus Full Year 2008 Unit Sales which were down 11%


Summary: Inventory levels are down as is YTD sales volume. The Average Sold Price for the full year 2006 was a 10.9% increase, 2007 Sold pricing was near flat at -0.1%, while Full Year 2008 Average Sold Prices reflected a 2.4% decrease. Dec YTD 2009 reflects a 3.7% Price decrease. Buyers achieving increasing “discount” leverage in negotiation. Market conditions are essentially balanced with 4.9 Months of Homes in Inventory. Note that a Market is viewed as “Balanced” between Buyers & Sellers with ~6 Months Inventory.


There is a near 5 Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market are 63 versus vs. 54 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2007/2008/2009 versus the ~10% experienced during most of the prior 3-4 years. Be realistic and remember the current market is what determines the price of your home.

b

NORTHAMPTON TOWNSHIP SINGLE FAMILY HOMES




Inventory of homes for sale in Dec 2008 was 209 Unit Inventory is up 3.8% year over year,



List prices of homes in inventory are up 6%


Unit Sales volume is up 3.2% year over year, versus Full Year 2008 Unit Sales which were down 21.7%


Summary: Inventory is up as is sales volume through Dec YTD. The

Average Sold Price for the Full Year 2006 was up a reasonable 8.4%, Full Year 2007 reflected a decrease of 3.3% and Full Year 2008 Sold Average Prices recorded a 2.3% decrease. Dec YTD 2009 reflects a 9.9% Price decrease. Buyers are achieving increasing discount leverage in negotiation, and the Market is considered a “Buyers Market” with 9.1 Months of Homes in Inventory. Note that Market conditions are considered “Balanced” with 6 Months of Homes in Inventory.


There is a 9+ Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market is 79 versus 71 days last year. It is more important now than ever to price your home right and market aggressively. Be realistic and remember the current market is what determines the price of your home.

SI�b

SOLEBURY TOWNSHIP SINGLE FAMILY HOMES

Market Facts as of DECEMBER YTD 2009 _________________



Inventory is down 3.8% year over year, And down 12 homes sequentially from Nov 09

Avg. price of a home for sale in Dec 09 was $1.27 million Avg. price of a home for sale in Dec 08 was $1.35 million List prices in inventory are down 6%, this price stat is impacted by # of homes priced in $1-5 million, review specific property CMA

for pricing direction & check Median/Average Prices


Unit Sales volume up 19.2% year over year, versus Full Year 2008 Unit Sales which were down 33.3%

Buyers achieving approx 13% discount from List Price

Summary: Inventory levels are down and Unit Sales volume is up notably. At current Sales pace, there is still a 19.6 Month Supply of Homes in Inventory. Buyers continue to achieve significant (and increasing) discount leverage in negotiation, Market is viewed as a clear “Buyers Market”. Note that a Market is viewed as “Balanced” with 6 Months of Homes in Inventory.

What does this mean to a seller? There is a substantial inventory of homes on the market (particularly in $1-3 million range), generally for longer periods of time, so the competition is challenging. Average Days on Market is 131 (all price levels). Most (83%) of the 93 homes Sold Dec YTD 09 closed under $999k. 35% of the homes (53 of 152) on the market are priced above $1 million, and this represents a 3.3 Year Supply at current sales pace (16 homes over $1 million sold as of Dec YTD, about 1.3 per month). It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the positive per year appreciation in 2007 and 2008 that was experienced during the past few years. Be realistic and remember the current market is what determines the price of your home.

b

UPPER MAKEFIELD TOWNSHIP SINGLE FAMILY HOMES

Market Facts as of DECEMBER YTD 2009



Inventory is down 24.6% year over year, And down 12 homes sequentially from Nov 09

Avg. price of a home for sale in Dec 09 was $1.43 million Avg. price of a home for sale in Dec 08 was $1.59 million List prices in inventory are down 9.8%, this price stat is impacted by # of homes priced in $1-3+ million, review specific property CMA for pricing direction & check Median/Average Prices


Unit Sales volume is up 1.4% year over year, versus Full Year 2008 Unit Sales which were down 29%

Buyers achieving approx 12% discount from List Price

Summary: Inventory levels are down and Unit Sales modestly up. Notably, at

current Sales pace there is a 16.8 Month Supply of Homes in Inventory. Buyers are achieving increasing “discount” leverage in negotiation, Market is viewed as a clear “Buyers Market”. Note that a Market is viewed as “Balanced” with 6 Months of Inventory.

What does this mean to a seller?

There is a substantial inventory of homes on the market (particularly in $1-3 million range), generally for longer periods of time, so the competition is challenging. Average Days on Market is 111 (all price levels). Most (82%) of the 72 homes Sold Dec YTD 09 closed under $999K. 55% of the homes (56 of 101) on the market are priced above $1 million, and this represents a 4.3 Year Supply at current sales pace (13 homes over $1 million sold as of Dec YTD, that’s 1.08 per month). It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the positive per year appreciation in 2007/2008 that was experienced during the past few years. Be realistic and remember the current market is what determines the price of your home.

10

15

20

25

30

35

40

45

UNITS

BUCKINGHAM SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data

JAN FEB MAR APR MAY JUNE JULY AUG SEP OCT NOV DEC

2009 9 5 8 13 13 17 24 22 17 16 19 11

2008 7 15 12 8 17 27 24 28 23 20 9 13

2007 10 12 16 27 21 35 29 35 21 19 11 16

2006 21 15 13 25 21 37 28 42 14 21 10 10

0

5

Units Sold in Each Month

2009 2008 2007 2006

10

20

30

40

50

60

Units

LOWER MAKEFIELD SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data


2009 14 8 12 13 18 31 34 36 24 23 25 15

2008 21 12 14 18 23 39 30 31 23 19 7 14

2007 18 22 28 25 23 46 56 37 30 35 31 28

2006 30 18 25 26 30 49 40 30 31 21 17 38

0

10


2009 2008 2007 2006

10

15

20

25

30

35

40

UNITS

NEWTOWN TWP SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data


2009 7 6 13 15 17 30 30 31 21 22 19 14

2008 13 17 21 13 28 34 31 21 13 19 7 10

2007 11 16 22 14 31 37 27 36 16 17 19 13

2006 28 17 25 30 32 28 25 28 21 22 28 15

0

5


2009 2008 2007 2006

10

20

30

40

50

60

Units

NORTHAMPTON SOLD SF HOMES (ex Condos) Source: COLDWELL BANKER HEARTHSIDE REALTORS MARKET RESEARCH from TREND MLS Data


2009 13 6 12 20 27 36 48 34 28 19 29 13

2008 14 16 14 15 28 40 29 31 26 22 18 22

2007 17 15 31 26 38 55 42 43 21 24 19 20

2006 23 21 25 24 48 45 47 41 25 26 27 22

0

10


2009 2008 2007 2006

Market Update by Heather Jackman

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