Berk­shire Hath­away holds Lead­er­ship Academy grad­u­a­tion

Springfield Sun - - REAL ESTATE -

Num­ber of homes sold in­creased in Philadel­phia mar­ket in May

The Philadel­phia real es­tate mar­ket ex­pe­ri­enced an in­crease in the num­ber of homes sold in May, ac­cord­ing to The Long & Fos­ter Mar­ket Minute re­ports. The greater Philadel­phia real es­tate mar­ket in­cludes Bucks, Ch­ester, Delaware, Mont­gomery and Philadel­phia coun­ties. The Long & Fos­ter Mar­ket Minute re­ports are based on data pro­vided by TREND mul­ti­ple list­ing ser­vice and its mem­ber as­so­ci­a­tions of Re­al­tors and in­clude res­i­den­tial real es­tate trans­ac­tions within spe­cific geo­graphic re­gions, not just Long & Fos­ter sales.

The num­ber of homes sold in­creased in the Philadel­phia re­gion last month. In both Ch­ester and Philadel­phia coun­ties, the num­ber of homes sold in­creased by 12 per­cent, fol­lowed by Bucks County with an in­crease of 10 per­cent. Delaware County ex­pe­ri­enced a 9 per­cent in­crease in home sales, and Mont­gomery County ex­pe­ri­enced a 6 per­cent de­crease.

When com­pared to last year, the Philadel­phia re­gion saw me­dian sale prices in­crease in May, with Mont­gomery County ex­pe­ri­enc­ing a 9 per­cent in­crease. In Ch­ester County, the me­dian sale price in­creased by 7 per­cent, fol­lowed by both Delaware and Philadel­phia coun­ties with a 5 per­cent in­crease. In Bucks County, the me­dian sale price rose by 4 per­cent.

Lev­els of ac­tive in­ven­tory de­creased through­out the re­gion in May. Bucks County ex­pe­ri­enced a 28 per­cent de­cline, while ac­tive in­ven­tory fell by 27 per­cent in Philadel­phia County. In Mont­gomery County, ac­tive in­ven­tory de­creased by 22 per­cent, and in Delaware County, it de­creased by 18 per­cent. Ch­ester County ex­pe­ri­enced a 16 per­cent de­crease in ac­tive in­ven­tory.

Homes are con­tin­u­ing to sell at a steady pace, with many sell­ing in about two months or less on av­er­age. Ac­cord­ing to May data, the days on mar­ket (DOM) av­er­age was 48 days in Philadel­phia County and 50 days in Ch­ester County. In Mont­gomery County, the DOM av­er­age was 53 days, and in Bucks County, the DOM av­er­age was 55 days. Delaware County ex­pe­ri­enced a DOM av­er­age of 60 days.

“Last month, the un­em­ploy­ment rate in the U.S. hit its low­est level in 16 years and wages con­tin­ued to in­crease. Even though sparse in­ven­tory con­tin­ues to cause frus­tra­tion in the real es­tate mar­ket, many ar­eas still saw ris­ing home sales last month, in­clud­ing in the Philadel­phia re­gion,” said Jef­frey S. Detwiler, chief op­er­at­ing of­fi­cer of The Long & Fos­ter Com­pa­nies. “This spring has been a busy one for our agents as they’ve ex­pertly worked to guide buy­ers in find­ing a home, and we look for­ward to a healthy sum­mer mar­ket.”

We­ichert sales as­so­ciates hon­ored

She­lia Ban­ner, man­ager of We­ichert, Re­al­tors’ Blue Bell of­fice, rec­og­nized Brian Tuner and Mary Lynne Lough­ery for their in­di­vid­ual suc­cess in May. Patti Hoban

Tuner was the top list­ing as­so­ci­ate in the Blue Bell of­fice for the month, while Lough­ery led for sales.

John Bilek, re­gional vice pres­i­dent of We­ichert, Re­al­tors, an­nounced the Jenk­in­town of­fice was rec­og­nized for suc­cess in May. The of­fice led its We­ichert sales re­gion, which is com­posed of lo­ca­tions through­out the Main Line, Bucks, Ch­ester, Delaware, Mont­gomery and Philadel­phia coun­ties in Penn­syl­va­nia and New Cas­tle County in Delaware, for new home dol­lar vol­ume, re­sale list­ings, re­sale rev­enue units and re­sale dol­lar vol­ume.

In ad­di­tion, sales as­so­ciates Elaine Glauber­man and Jeff Chirico were rec­og­nized by Ge­orge Koser, man­ager of the Jenk­in­town sales of­fice, for out­stand­ing per­for­mance in May. Glauber­man had the most list­ings of all as­so­ci­ate in the Jenk­in­town of­fice dur­ing the month, while Chirico led the of­fice for sales.

Deb Smith, man­ager of We­ichert, Re­al­tors’ Whitemarsh of­fice, rec­og­nized Patti Hoban, Justin Reeves, Myrna Malkin and Juanita Leysath for their in­di­vid­ual suc­cess in May.

Hoban was the top list­ing as­so­ci­ate in the Whitemarsh of­fice for the month, while Reeves led for both list­ings sold and rev­enue units. Malkin led all as­so­ciates in the of­fice for mar­keted list­ings in May, and Leysath was tops in sales for the month.

Berk­shire Hath­away Home­ser­vices Fox & Roach, Re­al­tors re­cently gath­ered at the Re­nais­sance Philadel­phia Air­port Ho­tel to con­grat­u­late the new­est grad­u­ates of their Lead­er­ship Academy.

“With sev­eral grad­u­ates be­com­ing our new­est of­fice man­agers, this pro­gram has proven to be quite a suc­cess,” said Joan Dock­tor, BHHS pres­i­dent. “I am pleased to honor these sales as­so­ciates who rep­re­sent the fu­ture of our com­pany.”

The goal of this pro­gram is to de­velop fu­ture lead­ers of the com­pany. Par­tic­i­pants gain knowl­edge and de­velop new skills and ex­pe­ri­ences that help them grow per­son­ally and pro­fes­sion­ally, with the added goal for many to hone their lead­er­ship skills. The academy is an eight-ses­sion course that cov­ers top­ics in­clud­ing vi­sion and cul­ture, coach­ing, re­ten­tion and com­mu­ni­ca­tion and per­son­al­ity styles. Par­tic­i­pants are cho­sen by the com­pany’s se­nior lead­er­ship. Joan Dock­tor, BHHS pres­i­dent, (stand­ing, far right) con­grat­u­lates the grad­u­ates from the com­pany’s of­fices: sit­ting from left: Mary Dwyer, Yard­ley HMC; Kathryn Supko, Moorestown; Carol Gaudet, Med­ford; Lisa Get­son, Haver­ford Sales Of­fice; Tr­ish Depetris, New­town HMC; Rick Hauser, Yard­ley HMC; Tr­ish Rooney, Doylestown; stand­ingfrom left: Su­san Patt; VP cor­po­rate ini­tia­tives; David F. O’neill, Marl­ton Voorhees HMC; Paul Strief­sky, North­field; Jen­nifer Hafer, Beth­le­hem; Jim Red­ditt, Haver­ford Sales Of­fice; Kelly Bet­ley, Had­don­field, Rit­ten­house; Nan Tu­ran­sky; Devon HMC; Crista De­grazio, Col­legeville; Jamie Naame, Mar­gate; Cathy Rock, Ken­nett Square HMC; Bob Raynor, Col­legeville; Jan­ice Red­wanowky; New­town HMC; Eric Feiner, New Hope; and Lau­ren Sis­son, Blue Bell.

SUB­MIT­TED PHOTO — BERK­SHIRE HATH­AWAY

Mary Lynne Lough­ery

Jeff Chirico

Myrna Malkin

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