Colwyn has a cost of living adjustment score of 94.4, which is average when compared to others in Pennsylvania. Also, the area is considered less affluent than average with a median income of $39,027 per household. Homes in Colwyn are older than most with a median age of 59 years. The top school in the city is Colwyn Elementary School.
Comments:

The Colwyn market saw sales remain flat this week with three homes sold over the last 30 days, while new listings climbed to two. The median sales price of homes sold came in at $59,900, which extended a price upswing to eight weeks. There are only three months of inventory available in Colwyn, so it's a seller's market, even if sales are flat.
Comments:

With a new downward trend of new sellers listing homes, including one over the last 30 days, and sales that dropped to three in that same time frame, the Colwyn market will be slowing down. The median sales price dropped to $59,900, down from last week's $59,950. With only three months of inventory to sell, Colwyn is a seller's market, in spite of the dip in sales.
Comments:

A record four homes were sold in the Colwyn market over the last 30 days, which is a new high going back to May. This is a 100.0% spike and comes on top of an extended six-week steady increase in sales activity. In comparison, Philadelphia led all other nearby municipalities with 1,181 sales. Furthermore, a six-week upward trend in sales is expected to continue over the coming weeks. The median sales price rose to $59,950, up from last week's $52,450. The higher trending sales numbers and the fact that there are a lower-than-normal two months of inventory to work through indicate that Colwyn is a solid seller's market.
Comments:

With two homes sold in the Colwyn market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with one new listing for buyers to choose from. A months of inventory number of six reported this week continued a four-week upward trend.
Comments:

Over the past 30 days, there have been fewer price cuts in the Colwyn market, continuing a three-week declining trend to land at two. Home sales were also down to two over the same period. While price reduction numbers were weak, the median sales price of homes sold came in at $52,450, which extended a price upswing to four weeks.
Comments:

Colwyn is a larger than average city in Pennsylvania with 2,546 residents. Its population is also growing slightly faster than others at a 10-year growth rate of 4.2%. With an ownership ratio of 56.7%, most people in Colwyn are homeowners. Topping the list of best schools in the city is Colwyn Elementary School.
Comments:

The Colwyn market is enjoying a prolonged upward trend, extended as sales rose to three homes over the last 30 days. The median sales price jumped to $40,000 over the latest reporting period for Colwyn, up from $31,000.
Comments:

The Colwyn market improved in this week's report, as the number of sales went up to one home sold over the last 30 days. At the same time, close-by Philadelphia reported 1,082 home sales, the highest number from all the surrounding cities. The prices of sold homes went up with the median sales price setting a three-month high at $40,000. Colwyn is still a strong buyer's market, in spite of the rise in prices, thanks to the availability of 15 months of remaining inventory.
Comments:

Typically, Colwyn accounts for 1.5 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.
Comments:
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