Schuylkill County Real Estate: August 2007

Market Statistics 8/30/07

There are almost 800 homes for sale in Schuylkill County as of today (actual number: 796). 

They range in price from $5,900 to $1,695,000 (that's in Southern Schuylkill for sure!).

Average: $160,990. 

As for days on market, it's around 120 days right now.

Another 240 homes are "pending" ... or in the process of moving to SOLD.

And to date, August 30, we've sold 865 properties here in Schuylkill County.

Average sale price: $97,022

 

 

 

 

 

--------------------------------------------------------------------------------------------------------------------

 

    

 

 

 

 

 

 

 

Erica Ramus is Broker/Owner of Realty Executives in Pottsville, PA.

If you're looking for a PROFESSIONAL to represent you in all of your Schuylkill County real estate needs, call Realty Executives at 570-622-6006.

We can meet all your buying / selling needs ... and will exceed your expectations. That's what being an EXECUTIVE is all about

Serving all of Schuylkill County ... Pottsville, Orwigsburg, Schuylkill Haven, Auburn, Pine Grove, Frackville, Minersville, Ashland, Shenandoah, Port Carbon, Palo Alto, St. Clair, Barnesville real estate. Click on the link above to search Pottsville PA homes for sale or any Schuylkill County homes for sale. We have all properties listed for sale in the Schuylkill MLS on our website -- free search!

We also operate Schuylkill Appraisal Services, for all your appraisal needs.

 


SCHUYLKILL COUNTY CAUGHT IN CRISIS

Article from the 8/17/07 Pottsville Republican
www.RepublicanHerald.com
 
County caught in crisis
As Wall Street continues to stumble under a subprime mortgage crisis, local real-estate brokers and experts said Thursday the crisis has reached Schuylkill County as well.

 
“It’s really affecting our area,” said Erica Ramus, owner of Realty Executives, Pottsville. “Subprime mortgages are huge, because in Schuylkill County in general, we have lower household incomes. A lot of mortgages were done by some lenders who are in trouble now, and there were a lot of loans that probably shouldn’t have been given.”

Adjustable-rate subprime mortgages are attractive, but also dangerous to first-time homebuyers or people with imperfect or no credit history because of the initially low rates, Ramus said.

“That’s a big problem because people got a rate of 5 or 6 percent and didn’t pay attention to the fact that in three years or so, the rates would adjust based on interest rates,” she said. “In the past couple years credit has tightened, and when the mortgages adjusted, people saw a $600 payment jump to $750 or $800. People who are in a mortgage at the top of their price range should be worried. They are the ones in the worst-case scenario.”

Foreclosure problem

With more people falling into the worst-case scenario category, foreclosure has become commonplace.

“We’re seeing houses that we sold one, two, three years ago up for foreclosure,” Ramus said.

READ THE WHOLE ARTICLE ONLINE AT

http://www.republicanherald.com/site/news.cfm?newsid=18717876&BRD=2626&PAG=461&dept_id=532624&rfi=6
 
Visit the Pottsville Republican online at www.RepublicanHerald.com
 
 

 

 

--------------------------------------------------------------------------------------------------------------------

 

    

 

 

 

 

 

 

 

Erica Ramus is Broker/Owner of Realty Executives in Pottsville, PA.

If you're looking for a PROFESSIONAL to represent you in all of your Schuylkill County real estate needs, call Realty Executives at 570-622-6006.

We can meet all your buying / selling needs ... and will exceed your expectations. That's what being an EXECUTIVE is all about

Serving all of Schuylkill County ... Pottsville, Orwigsburg, Schuylkill Haven, Auburn, Pine Grove, Frackville, Minersville, Ashland, Shenandoah, Port Carbon, Palo Alto, St. Clair, Barnesville real estate. Click on the link above to search Pottsville PA homes for sale or any Schuylkill County homes for sale. We have all properties listed for sale in the Schuylkill MLS on our website -- free search!

We also operate Schuylkill Appraisal Services, for all your appraisal needs.

 


Intro to Schuylkill County: Who Are We?

Schuylkill County has a population of about 140,000, with about 32,000 residents over the age of 62.

There are a total of just over 60,000 households.

Median household income is $35,610. Yes, that's household income, not per worker.

Only 6.5% of all households make a six-figure income.

Only 16% bring in over $75,000 total household income.

10% of all families live below the poverty level.

17% of our adults over the age of 25 have no high school diploma.

When it comes to our housing, over half of our housing units were built before 1939.

The median house value is just under $73,000 county-wide, and our average sale price is about $90,000.

As far as our ancestry, the largest ethnic heritages:

  German

  Irish

  Polish

  Dutch

  Italian

  Slovak

  Welsh

 (Source of data: 2005 US Census)

 

 

 

 

--------------------------------------------------------------------------------------------------------------------

 

    

 

 

 

 

 

 

 

Erica Ramus is Broker/Owner of Realty Executives in Pottsville, PA.

If you're looking for a PROFESSIONAL to represent you in all of your Schuylkill County real estate needs, call Realty Executives at 570-622-6006.

We can meet all your buying / selling needs ... and will exceed your expectations. That's what being an EXECUTIVE is all about

Serving all of Schuylkill County ... Pottsville, Orwigsburg, Schuylkill Haven, Auburn, Pine Grove, Frackville, Minersville, Ashland, Shenandoah, Port Carbon, Palo Alto, St. Clair, Barnesville real estate. Click on the link above to search Pottsville PA homes for sale or any Schuylkill County homes for sale. We have all properties listed for sale in the Schuylkill MLS on our website -- free search!

We also operate Schuylkill Appraisal Services, for all your appraisal needs.

 


Intro to Schuylkill County, Pennsylvania: Where are we?

Located in eastcentral Pennsylvania, Schuylkill County is only a short drive from many major cities:

30 minutes north of Reading

1 hour--almost equidistant between Harrisburg in the west and Allentown in the east

2 hours northwest of Philadelphia

2.5 hours from New York City

2.5 hours to Baltimore/Washington DC

In fact, Schuylkill County is within 300 miles of one-third of the nation's population. The Schuylkill Chamber of Commerce says we're at "the hub of a wheel: the center from which you can venture forth for a multitude of activities. World class shopping, cultural events, restaurants, tourist attractions and recreational activities are all within a few hours' drive from any point in Schuylkill County.

You can go to historic Philadelphia in the Southeast and shop, visit the tourist attractions or attend a sporting event. There is always some type of event going on with Philadelphia being the home of the Eagles (football), Phillies (baseball), 76ers (basketball) and Flyers (hockey). You can spend the day enjoying the city and still be home, safe and snug in your own bed, at the end of the day.

Southwest will land you in Hershey (the sweetest place on earth and home of Hershey Park), the Amish country of Lancaster as well as Harrisburg - our state capital.

Southeast will find you at the malls of the Allentown area, as well as Dorney Park. Just beyond Allentown is Historic Bethlehem. Head to the North and visit the many attractions of the Greater Scranton/Wilkes-Barre metropolitan area.

One of the best amusement parks in America is only a short trip. Knoebel's Amusement Park is consistently rated as one of the best family amusement parks in America, and famous for their hometown attractions and world class wooden roller coasters, with the Phoenix consistently making the top 10 list of wooden roller coasters.

Just a short drive south and you will be in Hamburg - home of Cabela's - or venture a little further and enjoy the cultural events, food, shopping malls and outlets of the Reading area.

Schuylkill County affords you the opportunity to enjoy the low crime rate and laid back pace of rural living along with the opportunity to enjoy some of the better aspects of metropolitan life.

We ARE in the middle of everywhere - and we like it here. You will too!" www.SchuylkillChamber.com

 

So geographically, we're at the center of it all. Officially, we're classified as a RURAL county in Pennsylvania, which means you get the best of both worlds: the benefits of a slower, less populated rural area and yet in close proximity to all the benefits that big cities have to offer. We may not have the huge chain stores and shopping complexes that you love to shop at--but in 30 to 60 minutes you can have it all, from discount outlets to big box retailers. And the benefit is that the sprawling acres of macadam are NOT right here in your own back yard.

 

 

 

 

--------------------------------------------------------------------------------------------------------------------

 

    

 

 

 

 

 

 

 

Erica Ramus is Broker/Owner of Realty Executives in Pottsville, PA.

If you're looking for a PROFESSIONAL to represent you in all of your Schuylkill County real estate needs, call Realty Executives at 570-622-6006.

We can meet all your buying / selling needs ... and will exceed your expectations. That's what being an EXECUTIVE is all about

Serving all of Schuylkill County ... Pottsville, Orwigsburg, Schuylkill Haven, Auburn, Pine Grove, Frackville, Minersville, Ashland, Shenandoah, Port Carbon, Palo Alto, St. Clair, Barnesville real estate. Click on the link above to search Pottsville PA homes for sale or any Schuylkill County homes for sale. We have all properties listed for sale in the Schuylkill MLS on our website -- free search!

We also operate Schuylkill Appraisal Services, for all your appraisal needs.