Real Estate Information Archive


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by John Schmitt

Wayne County PA Real Estate:

Trends Signal Increase In Home Values


A marked increase in Wayne County real estate sales volumes in our office signals that this trend is aligned with nationally-published data indicating that declines in home values experienced during the recession have already been, or are close to being erased. According to the report, the 0.5 percent value increase from the fourth quarter of 2013 heralded the ninth straight quarter of improvement as pre-recession prices “are becoming an increasingly distant memory as home values reach new highs and homes become more expensive than ever in many areas.”


This current market trend is particularly noteworthy for those of you who may be seriously considering acquiring a country property as your current residence, a retreat destination, for future retirement, or as an investment.


Northeast Pennsylvania, positioned perfectly between the Endless Mountains of Susquehanna County to our west and the waters of the scenic Delaware River/Catskill Mountains to our east, is a cornucopia of tranquil lakes, hardwood forests and thriving communities. Rolling farmlands, country estates and town and country properties comprise the area’s diverse real estate offerings. Our area not only provides the quintessential landscape for residential and vacation homes, but offers endless year-round outdoor recreational opportunities, excellent school systems, and a unique blend of the quaint, historical and modern.


Whether you’re seeking a destination for impromptu escapes, family gatherings, future memories or as an investment property, we urge you to bookmark as your gateway to Chant Country.




According to the 2012 National Association of Home Builders™ (NAHB®) “What Home Buyers Really Want” study, basements are considered especially desirable in homes by younger home buyers and those living in colder climates.

“The study findings show that 76% of Gen Y respondents and 74% of Gen X respondents would prefer a basement in their homes,” says Jim Costello, president of Superior Walls of America.  “Once you get to Baby Boomers category that preference drops to 63% — and then down even lower to 54% with Seniors.

“I believe we can surmise from these results that younger home buyers are looking for added living space and easily accessible storage areas in the homes they purchase, whereas older home buyers may be ready to ‘trim back’ on their living space and also prefer one-level dwellings.”

Energy Efficient Basements

Costello points out that the geographic areas where respondents most prefer a full or partial basement in their homes coincides with where Superior Walls precast concrete foundation systems have seen the most sales increase in recent years: the areas of New England, East North Central, and Middle Atlantic. “The study shows that more than 80% of respondents in these cold climate areas prefer to have a basement, as opposed to areas of the Pacific and West South Central areas where less than 50% of respondents stated a preference for basements.”

The same study showed that energy efficient features of products are extremely important to home buyers in all age ranges and in all geographic locations.  This does not surprise Costello, whose company has seen steady growth of sales over the years, thanks to the energy efficiency qualities of their precast concrete basement foundation systems.

“When homeowners select a Superior Walls basement system, they’re adding comfortable, energy efficient living space to their home,” says Costello.  “Choosing a precast Xi™ or Xi Plus™ concrete foundation can help save on the total heat loss in a home.  That’s a ‘bottom up’ consideration that has long-term financial benefits for a home buyer.”

Xi precast concrete panels by Superior Walls are steel-reinforced and created in the manufacturing process with DOW® Styrofoam™ boards, which provide excellent rigid foam insulation.  The resulting wall panels provide a dry, warm, and exceptionally energy-efficient foundation for a home.

Another survey finding illustrates the growing importance of energy efficiency with home buyers, 89% of respondents said they would prefer “a highly energy efficient home with lower utility bills over the life of the home” versus just 11% who said they would choose a home without energy efficiency features that costs two to three percent less.  This preference toward low utility costs reflects a realistic look at the rising costs of energy and home buyers’ desires to address this issue at the initial time of purchasing a home.

Superior Walls insulated precast concrete wall systems have earned the Green Approved Product designation by the NAHB Research Center.  For homeowners, the benefits of Superior Walls foundations systems are substantial.  The energy-efficient walls help lower energy costs and reduce energy leakage while providing increased living space in a comfortable setting.

For more information, visit


This article first appeared in one of our favorite Pocono Mountains Lifestyle, Recreation and Entertainment publications, Connections Magazine, Publication in Chant County News is by express written permission. All photos and editorial are protected under the copyright law and is the property of Connections Magazine and

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Contact Information

Photo of John Schmitt Real Estate
John Schmitt
Davis R. Chant Realtors
251 Willow Ave
Honesdale PA 18431
Toll Free: (800)278-3424
Office: (570)253-4191