William Kellam

Trulia Sees Softening Prices

William (Matt) Kellam — Tue, 20 Jul 2010 20:52:00 GMT

Trulia.com (www.trulia.com), smart real estate search to help you make better decisions, today announced that 24 percent of listings currently on the market in the United States as of July 1, 2010 experienced at least one price reduction. This represents a nine percent increase from the previous month. The total dollar amount slashed from home prices was $27.3 billion and the average discount for price-reduced homes continued to hold at 10 percent off of the original listing price.

Many of the largest U.S. cities saw significant increases in price reduction levels this month with 22 of the top 50 cities across the U.S. experiencing price reduction levels at 30 percent or more, compared to just 10 cities in the previous month. Minneapolis leads the way with 40 percent of its home listings experiencing at least one price cut. This is the third straight month that Minneapolis has held the top spot and no other city has reached the 40 percent mark since Trulia started tracking home price reductions in April 2009. With an average discount for price-reduced homes at nine percent, the city’s total dollar amount slashed from home prices was $30.1 million.

“Sellers are feeling the heat this summer as the economic recovery simmers down and home inventory levels climb,” says Pete Flint, co-founder and CEO of Trulia. “We’re seeing more and more sellers reduce their home listing prices to attract potential buyers, who definitely have the upper hand in negotiations this season. The slow start to the summer season is a major concern that we are heading towards a double-dip in the second half of this year.”

June 2010 Market Stats

William (Matt) Kellam — Mon, 19 Jul 2010 21:23:00 GMT

June, 2010	2009	2010	Change
New Listings	223	251	12.60%
Closed Sales	117	138	17.90%
Pending Sales	110	121	10.00%
Median Sales Price	$175,000	$165,000	-5.70%
Percent of Original List Price Received at Sale	90.90%	91.20%	0.03%
Average Days on Market Until Sale	135	123	-8.70%
Single-Family Detached Inventory	935	1018	8.90%
Townhouse-Condo Inventory	296	297	0.03%

Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look
extreme due to the small sample size involved. Does not include seller concessions.

Year to Date	2009	2010	Change
New Listings	1315	1523	15.80%
Closed Sales	526	637	21.10%
Pending Sales	622	709	14.00%
Median Sales Price	$165,000	$152,050	-7.80%
Percent of Original List Price Received at Sale	91.0%	90.8%	0.02%
Average Days on Market Until Sale	130	130	0.0%

May 2010 Market Statistics for Franklin County

William (Matt) Kellam — Fri, 11 Jun 2010 14:06:00 GMT

May, 2010	2009	2010	Change
New Listings	218	227	4.10%
Closed Sales	92	116	26.10%
Pending Sales	123	85	-30.90%
Median Sales Price	$162,500	$157,000	-3.40%
Percent of Original List Price Received at Sale	93.20%	91.00%	-2.40%
Average Days on Market Until Sale	113	149	31.60%
Single-Family Detached Inventory	921	1006	9.20%
Townhouse-Condo Inventory	314	315	0.30%

Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look
extreme due to the small sample size involved. Does not include seller concessions.

Year to Date	2009	2010	Change
New Listings	1092	1271	16.40%
Closed Sales	409	495	21.00%
Pending Sales	512	602	17.60%
Median Sales Price	$162,250	$150,000	-7.60%
Percent of Original List Price Received at Sale	91.0%	90.6%	-0.3%
Average Days on Market Until Sale	129	132	2.7%
Single Family Detached Inventory
Townhouse-Condo Inventory

May statistics from MRIS.

Open House in Southampton Township on Sunday

Sheena Snyder — Thu, 10 Jun 2010 12:07:00 GMT

Southampton Township, Shippensburg - We invite everyone to visit our open house at 15 Feather Dr on June 13 from 2:00 PM to 4:00 PM.

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Open House in Southampton Township on Saturday

Sheena Snyder — Tue, 08 Jun 2010 12:55:00 GMT

Southampton Township, Shippensburg - We invite everyone to visit our open house at 15 Feather Dr on June 12 from 2:00 PM to 4:00 PM.

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Open House in Chambersburg on Sunday

William (Matt) Kellam — Mon, 07 Jun 2010 14:15:00 GMT

Chambersburg, Franklin County - We invite everyone to visit our open house at 700 Highland Ave. on June 13 from 2:00 PM to 4:00 PM.

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Open House in Penn National on Saturday

William (Matt) Kellam — Mon, 07 Jun 2010 14:14:00 GMT

Penn National, Fayetteville - We invite everyone to visit our open house at 3854 Farmstead Drive on June 12 from 2:00 PM to 4:00 PM.

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2 Story For Sale in Stony Point

William (Matt) Kellam — Thu, 20 May 2010 18:12:00 GMT

• 3,506 sq. ft., 3 bath, 4 bdrm 2 story "Colonial" - MLS® $259,000

Stony Point, Shippensburg - Excellent value in Stony Point community outside of Shippensburg. 4BR, 2.5 bath brick and vinyl colonial on a cul-de-sac with lots of great features including: in ground pool, finished basement with possible fifth bedroom or office, finished recreation/laundry room above the garage with deck and steps to the backyard, covered patio, hardwood floors in the kitchen/dining area, and large island/breakfast bar. The home offers gas forced air heat and central air and nine ceiling fans. Lots of home in a great location with plenty of privacy to the rear. Call us to schedule your appointment to see this well priced home!

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April 2010 Market Statistics

William (Matt) Kellam — Wed, 12 May 2010 14:43:00 GMT

April, 2010	2009	2010	Change	Year to Date	2009	2010	Change
New Listings	229	295	28.80%	New Listings	874	1044	19.50%
Closed Sales	91	144	58.80%	Closed Sales	317	373	17.70%
Pending Sales	102	173	69.60%	Pending Sales	390	519	33.10%
Median Sales Price	$155,500	$149,950	-3.60%	Median Sales Price	$161,000	$150,000	-6.80%
Percent of Original List Price Received at Sale	90.60%	90.80%	0.20%	Percent of Original List Price Received at Sale	90.3%	90.5%	0.2%
Average Days on Market Until Sale	140	121	-13.20%	Average Days on Market Until Sale	133	128	-4.2%
Single-Family Detached Inventory	926	972	5.00%	Single Family Detached Inventory
Townhouse-Condo Inventory	319	286	-10.30%	Townhouse-Condo Inventory

Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to the small sample size involved.

MRIS changed their format this month to include more pertinent information such as inventory numbers split between single family and townhouse-condo. While the sale numbers are showing improvement, the median sale price is continuing to decline. Nationally, that number has bottomed and has started to turn around in some markets, so we might also expect to see that decline bottom this year in our area.

Please feel free to comment or contact us for any clarification.

Open House in Guilford Hills North on Sunday

William (Matt) Kellam — Tue, 11 May 2010 11:58:00 GMT

Guilford Hills North, Chambersburg - We invite everyone to visit our open house at 164 Guilford Drive on May 16 from 1:00 PM to 4:00 PM.

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Open House in Laurich Hill on Sunday

William (Matt) Kellam — Mon, 10 May 2010 16:47:00 GMT

Laurich Hill, Chambersburg - We invite everyone to visit our open house at 137 Jameslee Drive on May 16 from 2:00 PM to 4:00 PM.

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Open House in Greencastle on Saturday

William (Matt) Kellam — Mon, 10 May 2010 16:46:00 GMT

Greencastle, Franklin County - We invite everyone to visit our open house at 10689 Scenic View Dr. on May 22 from 2:00 PM to 4:00 PM.

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March 2010 Market Statistics

William (Matt) Kellam — Tue, 13 Apr 2010 19:04:00 GMT

	2010	2009
Total Sold Dollar Volume:	$ 16,654,165	$ 15,994,750	4.12 %
Average Sold Price:	$ 164,893	$ 168,366	- 2.06 %
Median Sold Price:	$ 150,000	$ 160,000	- 6.25 %
Total Units Sold:	101	95	6.32 %
Average Days on Market:	145	149	- 2.68 %
Average List Price for Solds:	$ 188,148	$ 189,550	- 0.74 %
Avg Sale Price as a percentage of Avg List Price:	87.64 %	88.82 %

Statistics from MRIS Franklin County PA, March 2010.

Open House in Guilford Hills South on Sunday

William (Matt) Kellam — Fri, 09 Apr 2010 18:43:00 GMT

Guilford Hills South, Chambersburg - We invite everyone to visit our open house at 289 Briar Lane on April 18 from 1:00 PM to 3:00 PM.

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Open House in Waynesboro on Sunday

William (Matt) Kellam — Sat, 03 Apr 2010 12:00:00 GMT

Waynesboro, Franklin County - We invite everyone to visit our open house at 8464 Stottlemyer Rd. on April 11 from 2:00 PM to 4:00 PM.

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