Chad Gelbaugh, Realtor

Chad Gelbaugh, Realtor Dad of 3, music lover 🎶 car fanatic 🚗 and fishing addict 🎣 Let's find your perfect home!

Just Sold!
03/26/2025

Just Sold!

Here are the latest housing market statistics for Mechanicsburg, PA! If you'd like more detail on the market, what's ava...
03/06/2025

Here are the latest housing market statistics for Mechanicsburg, PA! If you'd like more detail on the market, what's available or how much your home might be worth, let's set up a meeting to discuss!

New on the Market
02/20/2025

New on the Market

Of the 359 home features analyzed by Zillow, the one that brought homeowners the highest sale premium is the outdoor TV,...
05/25/2024

Of the 359 home features analyzed by Zillow, the one that brought homeowners the highest sale premium is the outdoor TV, which netted an extra 3.1%—or $10,749.

Homes with other outdoor features mentioned in the listing description—like an outdoor shower, pizza oven, or a bluestone patio—also attract higher-than-expected sales prices.

Here are the Top 10 Outdoor Features that help a home sell for more than expected:
1. Outdoor TV (Price premium: 3.1%)
2. Soapstone (3.0%)
3. Matte-black finishes (2.9%)
4. Outdoor shower (2.6%)
5. Beverage center (2.4%)
6. Bluestone (patio) (2.3%)
7. Sheshed (2.0%)
8. Pizza oven (1.9%)
9. Quartz (countertops) (1.7%)
10. Outdoor kitchen (1.7%)

Which feature do you like the most? Personally, I like the outdoor kitchen, but the outdoor shower would be nice to hose the kids and dog down with!

Last year, U.S. homebuyers took out a total of 90,772 mortgages for second homes—40% fewer than the year before and 65% ...
05/22/2024

Last year, U.S. homebuyers took out a total of 90,772 mortgages for second homes—40% fewer than the year before and 65% below the peak reached in 2021, falling to a six-year low.

Why is this?
1. It costs more to buy a second home: The typical vacation home cost $475,000 in 2023, compared to $375,000 for the typical primary home.
2. Vacation homes are not a necessity: Primary homes are a must, but second homes are not.
3. Buying a vacation home for personal use is a less attractive proposition right now compared to a few years ago because many employers are now calling their staff back to the office, leaving the latter less time to spend in vacation homes.
4. Buying a second home to rent it out is also less attractive compared to a few years ago since the rental market has cooled from its pandemic peak and short-term rental owners on sites like Airbnb have seen a drop in revenue.

Worth knowing where the market is at!

Exactly when is this “crash” everyone keeps warning about on TikTok and YouTube?Because in the first quarter of this yea...
05/20/2024

Exactly when is this “crash” everyone keeps warning about on TikTok and YouTube?

Because in the first quarter of this year, 205 out of 221 metro areas saw home prices rise, with the national median single-family home price increasing 5% year-over-year to $389,400.

In Mechanicsburg, prices rose 8% in the first quarter of 2024. This was in line with the national and regional trends:
â—Ź In the South, price appreciation was 3.3% in Q1
â—Ź In the Northeast, price appreciation was 11%
â—Ź In the Midwest, it was 7.4%
â—Ź In the West, it was 7.3%

During the four weeks ending April 28, 2024, the median home sale price in all 50 of the most populous metros increased ...
05/17/2024

During the four weeks ending April 28, 2024, the median home sale price in all 50 of the most populous metros increased or stayed flat year over-year. The last time that happened was in July of 2022. While new listings nationwide are up 15% year over year, they were still below typical April levels, with fewer new listings this April than any previous year on record aside from 2023 and 2020.

With economic indicators pointing to higher-for-longer interest rates, some homeowners are feeling the lock-in effect more and are deciding to stay put.

In the first 50 months of the 2020s, U.S. home prices increased by a whopping +47.1%. Compare that to the following deca...
05/15/2024

In the first 50 months of the 2020s, U.S. home prices increased by a whopping
+47.1%. Compare that to the following decades:
1990s: +30.1%
2000s: +47.3%
2010s: +44.7%
In Mechanicsburg, PA, home prices have risen year-over-year, reflecting the strong upward trend in the national housing market. This consistent growth underscores Mechanicsburg's robust real estate landscape and its appeal to both buyers and investors.

According to Fannie Mae, 67% of consumers believe it's a good time to sell a home, which is up 10 percentage points sinc...
05/13/2024

According to Fannie Mae, 67% of consumers believe it's a good time to sell a home, which is up 10 percentage points since the end of 2023.

There were pending home sale increases in the Northeast, South, and West, but a decline in the Midwest. NAR also release...
05/10/2024

There were pending home sale increases in the Northeast, South, and West, but a decline in the Midwest. NAR also released a quarterly economic forecast, which predicts continued improvements due to rising inventory and steady economic conditions.

For context, the lowest recorded inventory was in 2022 with 240,194 while we had 1,071,283 active listings back in 2015....
05/08/2024

For context, the lowest recorded inventory was in 2022 with 240,194 while we had 1,071,283 active listings back in 2015. So, we are still at low levels nationwide, but the situation keeps improving!

In Mechanicsburg, we are seeing inventory levels that remain relatively constrained but are gradually improving. The recent trends reflect a slight increase in homes sold above list price, indicating a competitive market despite the low inventory. This aligns with the national trend of slowly recovering inventory levels​.

Address

2040 Good Hope Road
Enola, PA
17011

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 10am - 2pm

Telephone

+17176485198

Website

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