Tribune Print Share Text

‘End of declining housing market has arrived’

Slow but steady recovery expected

Created date

September 25th, 2012

A growing number of experts in the housing industry believe the end of a declining market has arrived, says Colleen Rosica, personal moving consultant at Ann s Choice, an Erickson Living community in Bucks County, Pa. The pace of recovery will likely be slow, but it s expected to be steady. And homebuilders are clearing lots and raising frames, which is another indicator of confidence returning to the marketplace. Rosica is a licensed real estate agent. She doesn t represent prospective Ann s Choice residents as an agent, but she keeps abreast of the real estate market. She says that according to TREND Real Estate Multiple Listing Service, during the first half of 2012, the number of sold homes, pending sales, and average sold prices were all up compared to the same period a year ago. The local market has been following those same trends. Sold homes were up 10.19% in Bucks County and up 18.47% in Montgomery County, says Rosica. On an even more encouraging note, some sellers in those areas experienced bidding wars and above-asking-price offers. Those situations have been scarce in the residential real estate market over the past several years. The nation s almost unprecedented low mortgage rates give buyers extra incentive to purchase in autumn, historically the second-best selling season.

Stress-free selling

Selling a house shouldn t be stressful. And for people moving to Ann s Choice, it isn t because Rosica provides invaluable assistance through every phase of the selling and moving process. She s just a phone call away and even makes home visits. A certified home stager, her comprehensive services include help to stage your house and find an Erickson Realty and Moving Services preferred real estate agent with a proven track record of sales in your area, as well as assistance with room design and furniture placement in your new home. And her services are complimentary to members of the community s priority list. Joining the list gives you the right of first refusal on an available apartment home based on your priority list date. Ann s Choice is 98% sold out, but homes can become available at any time, says Rosica. Being on the list can shorten the wait for your desired apartment home style. Using one of her recommended real estate agents can help sell your house more quickly. From this January through June, the industry average for houses sold in the Bucks/Montgomery County area was 101 days on market. But in the same market area, 18 houses sold by agents from Rosica s list spent an average of just 28 days on market, and 13 of those sold in less than two weeks. If you re eager to leave winter s home-ownership chores behind, do an Internet search for Ann s Choice virtual tours to see what carefree, one-level-living looks like. You ll find 360-degree tours of the community s clubhouses, restaurants, amenities, and 5 of its 30 different home styles, including the popular one-bedroom Brighton. With constantly changing inventory, it pays to be on the priority list, says Rosica. You ll be able to claim a home that meets your needs when it becomes available.