618 S Maurice St. York PA 17404

This home in Central York School District just sold.
Penn State Estates is the neighborhood where it is located.
The home was originally listed at 215,000 on July 15, 2010
The price was lowered to 209,000 on 8/13/10 and then again down to 204,000 on 9/2/10
The home went under contract on 9/14/10 and settled on 12/14/10
It was sold for 194,750
The Cape Cod style home has 3 bedrooms and 2 full bathrooms and just under 1700 square feet. The lot is .28 of an acre.
Location is convenient with easy access to Route 30 and Interstate 83

National Distresses Property Numbers for Quarter 2 of 2010

The statistics below are for the National Real Estate Market. I track these numbers to get a better of what can be predicted in the future regarding pricing of homes. As you will see because there is so much inventory yet to be sold nationally and here in York, I believe that we can expect some further depreciation of value on real estate here unfortunately. If you would want more specific information on the current market value on your property contact Jerry Pilgrim at Professional Realty Associates for a complimentary home value analysis.



National Numbers for all current FHA Mortgage Loans in the 2nd quarter 2010

3.62% in Foreclosure, 12.63% in Default (30+ days late) which means there is a Total of 16.25% FHA properties in distress.

National Numbers, VA Loans 2nd quarter 2010

2.50% in Foreclosure, 7.48% in Default (30+ days late) for a Total of 9.98%

National Numbers for Subprime Loans 2nd quarter 2010

14.38% in Foreclosure, 25.90% in default (30+ days late) which is a Total of 40.28% properties in distress

National Numbers for Prime Loans 2nd quarter 2010

3.49% in Foreclosure, 6.66% in Default (30+ days late) for a Total of 10.15% properties in distress

National Numbers 2nd quarter 2010

4.57% in Foreclosure, 9.40% in default (30+ days late) for a Total of 13.97%

National Numbers all Mortgages

Total Distressed Properties 6,216,650

Total Predicted sales 3,830,000


* Numbers provided by the Mortgage Bankers Association, based on 44.5 million mortgages, non-seasonally adjusted

The numbers above indicate a national inventory of 19+ months properties to be sold. Keep in mind real estate is a local market so the numbers will vary from area to area. Here in York County PA we currently hava 17 month inventory based on local MLS statistics.

York County PA Housing Statistics for year of 2009

RAYAC Housing Snapshot

A year-end review of the residential real estate market in York & Adams Counties

December 2009

2009 Housing Statistics

The REALTORS Association of York & Adams Counties (RAYAC) reports that a total of 647 homes were sold in Adams County in 2009, a decrease of 7%. In York County 4,046 homes were sold in 2009, a 4% increase from 2008. The median sales price in Adams County was $185,000, a 7% decrease from last year. In York County the median sale price was $159,900 reflecting a drop of only 3%. “Starting in June, each month we have continued to see positive increases in the number of homes sold in both York & Adams Counties,”by 2010 RAYAC President.

RAYAC MLS Statistics by School District

2008-2009 (January1-December 31) Comparison School District 2009

Median Sale Price 2008 Median Sale Price % Change 2009 Number Sold 2008 Number Sold % Change

Adams County

Bermudian Springs $169,450 $199,900 -15% 86 85 1%

Conewago Valley $169,700 $184,200 -8% 172 188 -9%

Fairfield $213,450 $235,000 -9% 60 65 -8%

Gettysburg $220,000 $214,950 2% 163 152 7%

Littlestown $182,000 $188,000 -3% 116 131 -11%

Upper Adams $178,325 $175,500 2% 50 71 -30%

Total Adams County

$185,000 $198,451 -7% 647 692 -7%
York County

Central $163,000 $185,000 -12% 439 401 9%

Dallastown $172,900 $190,000 -9% 456 403 13%

Dover $147,900 $164,000 -10% 242 265 -9%

Eastern $140,700 $148,750 -5% 142 130 9%

Hanover $147,000 $148,000 -1% 130 153 -15%

Northeastern $158,000 $169,900 -7% 285 255 12%

Northern $205,000 $188,000 9% 99 84 18%

Red Lion $164,900 $170,000 -3% 352 303 16%

South Eastern $210,000 $213,750 -2% 43 136 -68%

South Western $180,000 $195,000 -8% 238 246 -3%

Southern $214,500 $229,000 -6% 176 128 38%

Spring Grove $176,000 $174,950 1% 241 212 14%

West Shore $178,500 $168,900 6% 144 157 -8%

West York $144,400 $147,000 -2% 273 271 1%

York City $68,700 $68,000 1% 384 467 -18%

York Suburban $156,505 $160,000 -2% 302 275 10%

Total York County

$159,900 $164,900 -3% 4046 3886 4%

Home Sales in York CentralSchool District

RESIDENTIAL/FARMS
Detached
Central

20903028 3304 Stone Ridge Road $99,900 $101,000 101% 174
20908359 962 WILLOW RIDGE DRIVE $248,000 $250,000 101% 40
20908610 727 N GEORGE STREET $109,900 $99,900 91% 26
20908987 235 Edgewood Rd $149,900 $155,000 103% 7
20910148 2925 Meadowbrook Blvd $140,000 $140,000 100% 7
20910785 2520 Mt. Zion Road $89,900 $89,900 100% 14
Totals $837,600 $835,800 100% 45

Semi-Detached
Central
20907476 1207 N DUKE ST. $119,000 $99,500 84% 78
20909722 26 E EIGHTH AVENUE $75,900 $74,900 99% 30
Totals $194,900 $174,400 89% 54

Condo/Townhouse
Central
20814291 68 Lexton Drive $110,000 $99,000 90% 244
20906825 3628 Pleasant Valley Road $159,900 $148,000 93% 73
20907359 1683 Long Drive $79,900 $77,900 97% 350
20907379 336 BRUAW DR $149,900 $119,900 80% 50
Totals $499,700 $444,800 89% 179

National Housing Price Statistics

by Jerry
National housing prices fell 9.2 percent in May compared to a year ago, which marks the smallest year-over-year decline recorded sofar in 2009 and the lowest since December 2007, accourding to the First Amerivan CoreLogic's latest Loan Performance Home Price Indes. National home prices have declined 20.1 percent since they peaked in July 2006.