2020 Choropleth Map Statistics

All statistics courtesy of BrightMLS.

One of the nice looking graphs is the choropleth map. This lets you more easily see more areas and their relationships with one another on a much more easily readable manner. Here are the 2020 end of year choropleth maps.

As is often the case, the areas toward Philadelphia had the higher dollar volume of sales. Let's take a look at number of sales and see if that is also higher in those areas.

To some extent, those areas have the greater number of sales contributing heavily to their overall volume, but the Wilmington area definitely shows a good increase in number of sales. Next is sale price, as that is the other factor of total volume.

What this shows is that the northern parts of Chester county really aren't all that much more expensive, but their number of sales makes it have more volume. Greenville is clearly one of the more expensive areas, as well as Berwyn. While the Wilmington area has a pretty good amount of sales, the fact that they have a lower selling price on average makes it seem less active, which can clearly be deceiving if you only look at total volume.

Now that we have seen what was selling most, let's take a look at where the most new listings were popping up. 

Unsurprisingly, this is very similar to the number of sales. Where there is available properties, there are lots of sales. ​​​​​​​

Finally, let's take a look at time on the market. In theory, like sales and new listings often being inline with one another, sale price and average days to sell are often similar as well. Let's see if that holds true this last year.

That is generally similar, but interestingly, Toughkenamon has a little longer time on the market, but not as high a sale price. However, this is one of those time where context matters, and digging a little into the underlying data is helpful. First, recall that Pennsylvania had its real estate market completely shut down for several months this year. Then, we note that this is also a very small area. There were only 6 sales in that zip code for all of 2020. And while the average time on the market was very high, at over 90 days, the median was only 6 days! This is one case when an outlier can absolutely skew results, and why digging deeper into the data than just a surface level view can be really revealing.