Heather Magazine December 2008

Welcome Home

$319,90019 Olivia Dr

MLS# 5453805

Come view this lovely 4 bedroom, 2 1/2 bath home on a quiet street in Pine Brook Farms neighborhood. The home issituated on just under a half acre corner lot. Traditional touches are evident throughout the home and include hardwoodand parquet floors, brick fireplace and built in bookcases. Award winning Pennsbury School Distict. Easy access to allmajor highways.

www.19Olivia.com

For Details Contact:

Heather Jackman

Coldwell Banker

Hearthside

215.493.9080 x119

215.431.0884 cell

RL#RS292094

Hearthside

I expect only the best for you

LOWER MAKEFIELD TOWNSHIPSINGLE FAMILY HOMES

Market Facts as of October YTD 2008______________

Inventory of homes for sale in Oct 2008 was 196 Inventory of homes for sale in Sep 2008 was 201 Inventory of homes for sale in Oct 2007 was 222

Unit Inventory is down 11.7% year over year, And down 5 homes sequentially from Sep 08

Avg. price of a home for sale in Oct 2008 was $567k Avg. price of a home for sale in Oct 2007 was $574k

List prices of homes in inventory down 1.2% 320 homes sold Oct YTD 2007 at 95% of list price 230 homes sold Oct YTD 2008 at 94% of list price

Unit Sales volume is down 28% year over year, versus Full Year 2007 Unit Sales which were up 6.5%

Buyers achieving approx 6% avg. discount from List Price

Summary: Stronger Second-half 07 Unit Sales pushed Full Year 2007 Unit Growth up to 6.5%, while Oct YTD 08 Sales clearly point to a lower (-28%) 2008 trend-line; Inventory is at a 8.2 Month supply of homes. The Average Sold Price for the full year 2006 was a modest 3.6% increase, versus a 6.4% decrease for full year 2007. Oct YTD 08 Sold Average Prices reflect a 4% increase. Buyers are achieving consistent “discount” leverage (6% points), Market conditions are considered above “Balanced”, favoring the Buyer, with 8+ Months of Homes in Inventory (Note: a Market is considered “balanced” with 6 Months Inventory).

What does this mean to a Seller?

There is an 8+ Month Supply of homes on the market, generally, for longer periods of time so the competition remains challenging. The Average Days on Market is 65 vs. 61 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2006/2007 versus the ~10% experienced during the prior 4-5 years. Be realistic and remember the current market is what determines the price of your home.

NEWTOWN TOWNSHIPSINGLE FAMILY HOMES

Market Facts as of October YTD 2008______________

Inventory of homes for sale in Oct 2008 was 110 Inventory of homes for sale in Sep 2008 was 113 Inventory of homes for sale in Oct 2007 was 156

Unit Inventory is down 29.5% year over year, And down 3 homes sequentially from Sep 08

Avg. price of a home for sale in Oct 2008 was $475k Avg. price of a home for sale in Oct 2007 was $514k

List prices of homes in inventory is down 7.6% 228 homes sold Oct YTD 2007 at 96% of list price 214 homes sold Oct YTD 2008 at 95% of list priceUnit Sales volume is down 6.1% year over year, versus Full

Year 2007 Unit Sales which were down 13% Buyers achieving approx 5% avg. discount from List Price

Summary: Inventory levels are down as is YTD sales volume. The Average Sold Price for the full year 2006 was up 11% versus near flat full year 2007 pricing at -0.2%. Oct YTD 08 Average Sold Prices reflect a 3.8% decrease. Buyers achieving greater “discount” leverage. Market conditions are viewed as essentially “Balanced” between Buyers/Sellers, with 5.4 Months of Homes in Inventory.

What does this mean to a Seller?

There is a 5.4 Month Supply of homes on the market, generally for longer periods of time, so the competition remains challenging. Average Days on Market are 53 versus vs. 51 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2007/2008 versus the ~10% experienced during most of the prior 4-5 years. Be realistic and remember the current market is what determines the price of your home.

Welcome Home

$319,90019 Olivia Dr

MLS# 5453805

Come view this lovely 4 bedroom, 2 1/2 bath home on a quiet street in Pine Brook Farms neighborhood. The home issituated on just under a half acre corner lot. Traditional touches are evident throughout the home and include hardwoodand parquet floors, brick fireplace and built in bookcases. Award winning Pennsbury School Distict. Easy access to allmajor highways.

www.19Olivia.com

For Details Contact:

Heather Jackman

Coldwell Banker

Hearthside

215.493.9080 x119

215.431.0884 cell

RL#RS292094

Hearthside

I expect only the best for you

For Details Contact:

Heather Jackman

Coldwell Banker

Hearthside

215.493.9080 x119

215.431.0884 cell

RL#RS292094

Hearthside

Living Room:

Kitchen: 12 x11

Family room: 18 x 10

Dining room: 11 x 10

Office: 11 x 10

Master bedroom: 16 x 11

2nd Bedroom: 15 x 19

3rd Bedroom: 11 x 9

Yard: 100 x 191

4 Seasons Room: 10 x 20

* As is

Laundry: 11 x 8

Home Features:

2008 Taxes: $5,382

.46 acres

2,268 square feet

56 years old

MLS# 5453805

www.19Olivia.com

I expect only the best for you

Heather Jackman

No warranty or representation, express or implied, is made tothe accuracy of the information contained herein, and same is submitted subject to errors, omissions, change or price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by the owners.

New Housing Law

On July 31, the President signed into law H.R. 3221, the Housing and Economic Recovery Act of 2008, asweeping, nearly 800-page housing law, unlike anything we’ve seen in a generation. There are twoextremely important provisions of this landmark legislation that everyone looking to buy or sell a home inthe next year needs to know about: 1) the elimination of seller-funded down payment assistanceprograms, and2) the new $7,500 tax credit.

The Elimination of DPAsFor most home buyers today, especially first-time buyers, saving up enough money for a down paymentcan be challenging to say the least. DPAs solve this problem by allowing a seller to contribute money to adown payment assistance company, a third party which then provides a legal grant to the home buyer.For FHA mortgages, which required as little as 3% down, this program has been very popular in the past– an estimated two-thirds of all FHA loans utilized these programs. Since 2000, that's nearly 900,000families! Without this program, many buyers qualified to buy a home today will not be able to qualifywithout the required down payment for FHA loans (which is increasing to 3.5% under the new law.)

This is not just bad news for buyers. Sellers also benefit from DPAs. Not only do DPAs create a largerpool of potential qualified home buyers, they also create attractive financing options for the seller that donot require lowering the price of the home again, which is extremely valuable in today's real estatemarket.

With this in mind, if you or anyone you know is looking to utilize down payment assistance as a tool to buyor sell a home, now is the time to act. Even though the elimination of DPAs doesn't go into effect untilOctober 1st, many lenders have already stopped or will no longer offer these programs prior to theOctober deadline, so don't wait. You may have heard that a new bill was already introduced in the Houseto overturn this provision, but don't count on that happening. With today's combination of low prices andlow interest rates, now is the time to take advantage of this program before it goes away for good.

New Tax Credit for First-Time BuyersThe second important provision of the new housing bill we'll discuss in this article is the new $7,500 taxcredit for first-time home buyers. And while this is one of the most talked about measures in the new bill, itis also the most misunderstood.

Basically, the government has created a monetary incentive, a tax credit for first-time home buyers, as atool to stimulate the housing market. The tax credit will be 10% of the purchase price of a home, up to amaximum of $7,500. That means if the home costs more than $75,000, first-time home buyers (anyonewho hasn't owned a home in the last three years) will received the full $7,500 tax credit.

This is not a new idea. The government offered a similar program in the 1970s, but with one majordifference: the new tax credit will have to be paid back over a period of 15 years, beginning two yearsafter the credit is taken. In essence, the government is providing first time home buyers an interest-freeloan to help them buy a home! If the home owner happens to sell the home before the 15 years is up, theremaining credit is due upon sale from the profit of the home sale. However, and here's the best part, ifthere is insufficient profit, after the sale of the home, then the remaining credit due is forgiven. You reallyhave nothing to lose.

There are, of course, income limits to qualify for this incentive, but give us call and we'll see if you cantake advantage. With this new tax credit and down payment assistance, you are finally in the driver's seatin a buyer's market with some of the best interest rates we've seen in years.

ADVERTISE HERECall: (267) 799-4566

ADVERTISE HERECall: (267) 799-4566

Non Solo Pasta (215) 736 - 0750

900 West Trenton Ave Morrisville PA 19067

Non Solo Pasta (215) 736 - 0750

900 West Trenton Ave Morrisville PA 19067

Non Solo Pasta (215) 736 - 0750

900 West Trenton Ave Morrisville PA 19067

Market Update

www.HeatherJackman.comHomes Sold:

2007 Real Estate Sales in our Area

AUMU

381 West Ferry DriveSold for $309,200.00 11/30/2007

1213 Pine Grove RdSold for $322,000.00 12/07/2007

MU

MU

243 West Ferry RdSold for $340,000.00 9/28/2007

MU

1230 Linden AveSold for $382,500.00 5/11/2007

MU

213 Arborlea AveSold for $389,000.00 3/15/2007

MU

1217 Pine Grove RdSold for $350,000.00 10/29/2007

MU

29 Wilfred DrSold for $400,000.00 8/17/2007

As your local real estate expert, I rely on thorough knowledge of the market and proven marketing techniques to help my clients succeed when buying or selling a home. When the time comes, call me for success! - Heather Jackman

Call me to find out why now is a great time to buy or sell a home. I ll provide you with a complimentary market analysis of current sales and listings in your neighborhood. I ll also show you my state of the art marketing plan that will enable you to receive top dollar for your home in today s changing marketplace. I am ready to go to work for you and prove that knowledge, honesty, and integritywill result in a positive and successful transaction.

I expect only the best for you

For Further Details Contact:

Heather Jackman

Coldwell Banker Hearthside

215.493.9080 x119

215.431.0884 cell

RL# RS292094

2 StaffordSold for $540,000.00 3/7/2008

MU

227 Penn Valley TerraceSold for $485,000.00 3/28/2008

MU

Hearthside70 West Afton Ave Yardley PA 19067

Market Update

www.HeatherJackman.comHomes Sold:

2008 Real Estate Sales in our Area

As your local real estate expert, I rely on thorough knowledge of the market and proven marketing techniques to help my clients succeed when buying or selling a home. When the time comes, call me for success! - Heather Jackman

Call me to find out why now is a great time to buy or sell a home. I ll provide you with a complimentary market analysis of current sales and listings in your neighborhood. I ll also show you my state of the art marketing plan that will enable you to receive top dollar for your home in today s changing marketplace. I am ready to go to work for you and prove that knowledge, honesty, and integritywill result in a positive and successful transaction.

I expect only the best for you

For Further Details Contact:

Heather Jackman

Coldwell Banker Hearthside

215.493.9080 x119

215.431.0884 cell

RL# RS292094

Hearthside

70 West Afton Ave Yardley PA 19067

LOWER MAKEFIELD TOWNSHIPSINGLE FAMILY HOMES

Market Facts as of ______________

Inventory of homes for sale in Sep 2008 was 201 Inventory of homes for sale in Aug 2008 was 210

Inventory of homes for sale in Sep 2007 was 229Unit Inventory is down 12.2% year over year, And down 9 homes sequentially from Aug 08

Avg. price of a home for sale in Sep 2008 was $572k Avg. price of a home for sale in Sep 2007 was $566k

List prices of homes in inventory up 1.1%

285 homes sold Sep YTD 2007 at 95% of list price 211 homes sold Sep YTD 2008 at 95% of list price

Unit Sales volume is down 26% year over year, versus Full Year 2007 Unit Sales which were up 6.5%

Buyers achieving approx 5% avg. discount from List Price

Summary: Stronger Second-half 07 Unit Sales pushed Full Year 2007 Unit Growth up to 6.5%, Sep YTD 08 Sales clearly point to a lower 2008 trend-line; Inventory is at a 7.9 Month supply of homes. The Average Sold Price for the full year 2006 was a modest 3.4% increase, versus a 6.5% decrease for full year

2007. Sep YTD 08 Sold Average Prices reflect a 2.7% increase. Buyers are achieving consistent discount leverage (5% points), Market conditions are considered above Balanced , favoring the Buyer, with ~8 Months of Homes

in Inventory (Note: a Market is considered balanced with 6 Months Inventory).

What does this mean to a Seller?

There is an ~8 Month Supply of homes on the market, generally, for longer periods of time so the competition remains challenging. The Average Days on Market is 64 vs. 60 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in

2006/2007 versus the ~10% experienced during the prior 3-4 years. Be realistic and

remember the current market is what determines the price of your home.

Hearthside

70 West Afton Ave Yardley PA 19067

Market Update

www.HeatherJackman.com

LOWER MAKEFIELD TOWNSHIPSINGLE FAMILY HOMES

Market Facts as of ______________

Inventory of homes for sale in Feb 2008 was 167 Inventory of homes for sale in Jan 2008 was 171

Inventory of homes for sale in Feb 2007 was 183 Unit Inventory is down 8.7% year over year, And down 4 homes sequentially from Jan 08

Avg. price of a home for sale in Feb 2008 was $579k Avg. price of a home for sale in Feb 2007 was $512k

List prices of homes in inventory up 13.1%

40 homes sold YTD Feb 2007 at 95% of list price 33 homes sold YTD Feb 2008 at 94% of list priceUnit Sales volume is down 17.5% year over year,

reversing a positive growth trend evident since mid-2007Buyers achieving approx 5-6% avg. discount from List Price

Summary: Stronger Second-half 07 Unit Sales pushed Full Year 2007 Unit Growth up to 6.5%, Feb YTD 08 Sales points to a lower start; Inventory is at a 5.3 Month supply of homes (versus 5.8 Months same time last year). The Average Sold Price for the full year 2006 was up a modest 3.4%, versus a 6.5% decrease for full year 2007. While Buyers are still achieving discount leverage, Market conditions are considered Balanced with less than 6 Months of Homes in Inventory.

What does this mean to a Seller?

There is about a 5 Month Supply of homes on the market, generally, for longer periods of time so the competition remains challenging. The Average Days on Market is 62 vs. 45 last year. It is more important now than ever to price your home right and market aggressively. You may not have enjoyed the per year appreciation in 2006/2007 versus the 10% experienced during the prior 3-4 years. Be realistic and remember the current market is what determines the price of your home.

MU

4 Wilfred DriveSold for $430,000.00 8/10/2007

1216 Yardley RdSold for $450,000.00 7/27/2007

MU

13 West FerrySold for $455,000.00 8/14/2007

MU MU

1215 Evergreen RdSold for $470,000.00 12/27/2007

1214 Yardley RdSold for $475,000.00 5/25/2007

MU

MU

1207 Evergreen RdSold for $507,500.00 12/07/2007

MU

8 Arborlea AveSold for $520,000.00 3/21/2007

MU

1212 Yardley RdSold for $579.900.00 11/14/2007

MU

1226 Pinegrove RdSold for $664,000.00 5/25/2007

MU

101 Arborlea AveSold for $725,000.00 5/14/2007

www.HeatherJackman.com

I expect only the best for you

For Further Details Contact:

Heather Jackman

Coldwell Banker Hearthside

215.493.9080 x119

215.431.0884 cell

RL#RS292094

2007 Real Estate Sales in Our Area

If your property is currrently listed witha real estate broker, please disregard.It is not my intention to solicit the offerings ofother real estate brokers.

Hearthside

70 West Afton Ave Yardley PA 19067