DANVILLE -- The area housing market is vibrant and strong, according to Tim Karr, bucking the national trend with home sales increasing by nearly 40 percent since the start of 2006.
"We're selling. People are buying. I have been in business 35 years in this area and I have never seen indicators as healthy as and as exciting as now," said Karr, multiple listing service president of the Central Susquehanna Valley Board of Realtors.
Board members held a press conference Monday at the Danville Elks to announce this area has been bucking a downward trend they said has been hyped by national media.
Sales of homes range from a 16 percent increase in Snyder County to a 58 percent increase in western Northumberland County. Montour County home sales increased 39 percent, right on the average in Columbia, Montour, Northumberland, Snyder and Union counties from Jan. 1, 2006, through Friday.
Ann Scullin Moyer, board vice president, attributed the increases in parts of Northumberland County to a "really strong market" and incoming businesses along Routes 11-15. "The (Monroe) Marketplace has been bringing folks around to buy. People who have been sitting on the fence got off," she said.
Karr said the perception "that this is a good time to get a deal as any" may be a factor in increased sales.
"We are blessed with Geisinger Medical Center's ongoing activity in the area and continued growth. The Cherokee plant is hiring and doing great things. U.S. Gypsum will be hiring," he said.
He discussed area sales the past three years or when the national housing crunch began. With the Realtors board one of the largest in the state, it had no glut of houses for sale during that time, he said. In Montour County, 331 homes were listed last year, compared with 262 this year. In northern Northumberland County, 299 homes were listed, compared with 216 this year. Western Northumberland County had 342 listed and 283 listed now. Union County had 584 listed and 409 listed now. Snyder County had 328 listed, compared with 241 now, and eastern Northumberland County had 511 listed, compared with 388 now.
Sales this year amounted to $47.8 million in Montour County, or a 46 percent increase compared with $32.5 million last year. Northern Northumberland showed a 29 percent increase from $20.6 million to $26.8 million; western Northumberland County, a 61 percent increase from $18.1 million to $29.2 million; Union County, a 38 percent increase from $54.7 million to $75.8 million; Snyder County, up 20 percent from $27.3 million to $32.9 million; and eastern Northumberland County, up 50 percent from $16.4 million to $24.7 million.
Average sale prices rose an average of 3 percent in the area with the average home costing $127,904. The median priced home in the state is $178,000.
This year's average sale price in Montour is $175,243; northern Northumberland County, $118,742; western Northumberland County, $99,360; Union, $173,919; Snyder, $133,330; and eastern Northumberland County, $60,175.
Rick Coup, multiple listing service vice president, said Lawrence Yun, chief economist of the National Association of Realtors, reported pending U.S. home sales from April showed a solid rise. Coup expects more sales to result since it typically takes one to two months from the time a contract is signed until the home is actually sold.
Also participating were Realtors board president Barbara Hamilton, board executive officer Norma Jean Fritz, board coordinator Diane Postupack and board administrative assistant Donna Ansley.
n E-mail comments to kblackledge@tdailyitem.com.
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Good time to buy
Valley bucks national trend with home sales
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