Coatesville School District - Home Price Trends

I wondered how much home values had increased since 2000, when the highest values occurred and what the values have been in the last few years. As a realtor, I went onto our Multiple Listing Service (MLS) to find out. A little background info: the last hot housing market was in the late 1980s. Prices peaked in June, 1990, then adjusted down about 10% over the next couple of yrs. The rest of the 1990s prices were stable, neither rising nor falling.

Our recent hot real estate market began in 2000. At that time the price of the average home in CASD was $128,021. By 2004 the price of the average home in CASD had risen to $192,373. CASD prices peaked in 2006, when the average home price was $241,102. This was an increase of 88%! CASD includes: City of Coatesville, Boroughs of Modena & South Coatesville, & Townships of East Fallowfield, Sadsbury, Valley, West Caln, West Brandywine and Caln. Each of these localities benefitted from the tremendous price increases.

OK, so what happened in CASD after 2006? In 2007 the price of the average home fell approx. $10,000 to $230,873. In 2008 the average CASD home fell another $10,000. So what does this mean for CASD homeowners who are thinking they would like to sell their homes this year or next? See next week’s blog by Laurie, our Seller Specialist.

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