New Listing – 3217 Hilltop Rd Newtown Square PA

Welcome to 3217 Hilltop Rd in Newtown Square PA.

3217 Hilltop Road is a meticulously maintained, beautiful move-in condition 3-bedroom, 2-bath home in Newtown Square PA. As you step inside, you are greeted by a gracious living room featuring gleaming hardwood floors and a charming gas fireplace, creating a warm and inviting atmosphere. The spacious eat-in kitchen and separate dining area with a bay window offer a delightful space to enjoy meals while overlooking the rear deck and yard. The large enclosed three-season room adjacent to the dining area provides versatility as a formal dining room, home office, or additional living space. Step outside onto the expansive wood deck, perfect for entertaining, with stairs leading down to the private fenced garden area. On the main level, you will find two spacious bedrooms, a separate full hall bath, and a convenient enclosed laundry area in one of the bedrooms, allowing for easy one-floor living. The lower level boasts a third bedroom with an attached full bath, offering a separate area with its walk-out access to the driveway and a nice yard. Additionally, the lower level features a separate finished rec room and a spacious storage room or work area, providing ample space for your needs.

Situated on a corner lot in a convenient Newtown Square location, this home offers excellent proximity to shopping, dining, and entertainment options, ensuring your enjoyment of the vibrant amenities of the area. Do not miss your opportunity to check out this property now!

David Henke
Long & Foster Real Estate Inc – Devon, PA/Greenville, DE
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

(All statistics per the BrightMLS System and believed accurate but not guaranteed)

Delaware County PA Home Sales Update – June 2023

The home sales rate in the Delaware County Pennsylvania real estate market continues to be constrained by a very low inventory.

The 2023 Delaware County PA home sales rate appears to be reduced due to a very low inventory. Active inventory has continued to fall on a yearly basis for the last five years. Even though home sales activity year to date has fallen 27%, inventory has fallen an additional 16% rather than rising as would be expected. 

Delaware County Home Sales Activity as of June 15 by year:

Year	Active	Pending	Sold thru 6/15
2023	522	624	2241
2022	610	968	3070
2021	650	1298	3090
2020	986	720	2249
2019	1416	1026	2675
2018	1839	1306	2841
2013	3322	949	2583

(All statistics per the BrightMLS System and believed accurate but not guaranteed)

Compared to the pre-Covid rate 5 years ago in 2018, the numbers are even more dramatic. Sold homes have fallen by 21% while active inventory has fallen by 71%. Compared to 10 years ago, the active inventory has fallen by over 80%.

After years of unusually low interest rates, it appears that many potential home sellers either cannot afford to or do not want to give up their very low rates. Even if they would like to move, with inventories this low, many cannot find a suitable new home to buy. Despite the higher interest rates, it remains a sellers market in most areas throughout the county.

For more details about sales in 2022, check out the 2022 Delaware County summary:

As always, if you have any questions, please do not hesitate to contact me anytime.

David Henke
Long & Foster Real Estate, Inc
Devon PA / Wilmington DE
Office:610-225-7400 / Direct:610-618-0808
www.DelawarePAHomes.com

West Chester PA Home Sale Update

West Chester has long been a popular housing choice in Chester County. It is the county seat of Chester County, the home to West Chester University, and is rich in dining and entertainment options.

As seen throughout the county, the housing market remains very active in the Borough with relatively stable sales and rising average prices over the last several years. From the attached chart, average prices from 2017 through 2021 rose over 22%. Year to date they have continued to rise to an average of $573,000 but this will come down a bit as there are an additional 15 properties under contract with average list prices of $445,000.

In addition, there are currently 14 properties on the market with prices ranging from $324,000 to over $1,000,000 with styles and options to cover most needs – all within easy access to the dining, entertainment, and nightlife that West Chester has become known for.

If you are looking for properties in Chester County, be sure to visit West Chester and investigate all your options. You will not be disappointed

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

(All statistics per the BrightMLS System and believed accurate but not guaranteed)

Chester County PA Home Sales Update

For the first half of 2022, the Chester County PA housing market continues to be strong but appears to be constrained by very limited inventory.

Currently, there are only 672 properties on the market compared to 852 properties in 2021 – down 22%. Active inventory is also down 46% from 2020 and 73% from 5 years ago in 2017.

As seen on the attached chart, overall sales and pending sales have been much more consistent. Even with the drop in inventory, there has only been a 5% drop in sales and 23% drop in pending sales.

Overall, we are continuing to see strong demand throughout the area. The recent increase in housing prices and interest rates are having an impact but demand continues to out strip supply. Multiple offers, limited inspections, and all cash offers continue to be common.

As always, please feel to reach out if you have any questions or are considering a move.

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

Happy 4th of July 2022!

Beautiful day for the 4th! Relax & Enjoy!

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

Happy Easter 2022

Happy Easter!

Happy Easter to all on a beautiful Easter morning in Wilmington DE.

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

Vote 4th Representative District March 5 Special Election

Tomorrow is the special election for the 4th Rep district.

Remember to vote for 4th Representative District rep on March 5 with the polls open from 7am to 8pm.

Thank you for letting your vote be heard!

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

Delaware County PA Home Sales Update

As seen in 2021, Delaware County PA home sales are off to a fast start in 2022.

For the second year, home sales in Delaware County Pennsylvania continue to be high but appear limited by the lack of active inventory.  Active inventory is down 16% from 2021, down 59% from 2020 and 80% from 2017. 

Year-to-date sales are basically level with 2021, but are 23% higher than in 2017. Pending sales have been fairly stable, down 4% from 2021 and 7% from 2017.

As seen in adjacent counties, the overall home sale market in Delaware County continues to be very tight with very low inventory. Sales activity appears constrained by the limited inventory. Multiple offers, limited inspections, and cash offers continue to be common issues for buyers on many properties.

If you need any additional detailed information on your area, contact me anytime.

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

Early Voting Still Available! Delaware 4th Representative Special Election

Early voting is now open for the Delaware 4th Representative District Special Election.

Do you have any spare time this week? Do you live in the Delaware 4th Representative District? Do you work downtown? You can still vote early!

From now through Thursday March 3rd, early voting is available at the Carvel State Office Building. The Carvel State Office Building is located at 820 North French Street in Wilmington, DE 19801. The voting area is located on the Mezzanine (Floor 2) and is open each day from 7am until 7pm.

This is your chance to make your voice heard. There are many important issues still to be decided in Dover this year. It is important to restore balance to state government and be more responsive to the people of Delaware. To be heard, one party rule is not good for Delaware.

Remember to vote early through March 3rd or vote Saturday March 5th!

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

New Castle County Delaware Home Sales Update

As in 2021, home sales in New Castle County Delaware are off to a fast start.

For the second year, home sales in New Castle County Delaware continue to be high but appear limited by the lack of active inventory.  Active inventory is basically flat with 2021 but down 56% from 2020 and 77% from 2017. 

Year-to-date sales dropped 13% from 2021, but are 10% higher than in 2017. Pending sales continue to drift lower, down 6% from 2021 and 20% from 2017.

Overall the home sale market in New Castle County continues to be very tight with very low inventory. Sales activity is down from 2021 but that may be a result of the limited inventory. Multiple offers, limited inspections, and cash offers continue to be common issues for buyers on many properties.

If you need any additional detailed information on your area, let me know.

David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com