Archive for May, 2009

Clifton Aldan SEPTA R3 Regional Rail Station Clifton Heights PA

May 27, 2009

ClifAldBoaWelcome to Clifton Heights PA.

Clifton Heights Borough Pennsylvania is one of the smaller boroughs in Delaware County Pennsylvania but is an important road, train, trolley, and bus crossroads and is well served by SEPTA.  The borough itself is centered on the intersection of Baltimore Ave (Baltimore Pike as you travel west) and Springfield Rd which both carry heavily traveled bus lines.  The 102 Trolley travels basically north to south through the borough on its way from the 69th Street Terminal to its end in Sharon Hill PA.  The R3 Regional Rail Line runs along its southern border with Aldan generally from east to west.

The SEPTA R3 Regional Rail Line station is located at the intersection of the R3 Rail Line and the 102 Trolley at the Rail Line’s overpass at Springfield Rd.  The original station is on the south/Aldan side and it has a shed on the Clifton Heights side of the platform.  There are good size parking lots located on both sides of the track as well as affording plenty of space on each side for dropping off/picking up passengers.  It is within easy walking distance of many homes and businesses in both boroughs.  The video should give you a better feel for the area:

Although prices have pulled back somewhat, the real estate market has remained very active.  From an average sales price of less than $100,000 in 2003, prices rose quickly to peak at an average of $143,000 in 2007.  Activity actually spiked to 128 transactions in 2004 and has drifted down since then to 125 sales in 2005, 111 in 2006, 96 in 2007, and 64 in 2008.  In 2009 we have already seen 24 settlements at an average price of $124,000 with an additional 13 properties pending ($142,000 average price) and 37 homes now available on the market at an average $158,000 list price.  Considering the the higher average pending price at this time, the average sales prices could be heading a bit higher.

This is a great commuting station with good access to rail, trolley, and bus lines.  It also has parking and is within easy walking distance of many residential areas.  If you need transportation to or from the area, this is a great station to consider.

As always, please do not hesitate to contact me for any additional details.

(All statistics are from the TrendMLS System and believed accurate but not guaranteed)

Thornbury Township Update – Delaware & Chester County PA Homes

May 23, 2009

Deer Pointe Luxury Thornbury Township Chester County PASituated just southeast of West Chester and west of Newtown Square PA sit the two adjacent Thornbury Townships – one is located on the western edge of Delaware County and the second is adjacent to it in Chester County.  Thornbury Township was originally organized as one larger unit in 1687 with just six families.  In 1798 as Chester County split from Delaware County, the local landowners had the option to join either county.  This resulted in the unusual split and boundary-line through Thornbury township today.  Now both township buildings are next to each other just off the main campus for the Cheyney University of Pennsylvania.

Originally this area was largely an agricultural community consisting of scattered larger landholdings.  Over the years, the area was slowly subdivided and has lost much of its agricultural activity. New Andover Luxury Thornbury Township Delaware County Today, it is a largely suburban community containing a wide range of housing options.  It has also been one of the largest beneficiaries of the tremendous growth in new construction that we witnessed since the turn of the century.

Thornbury Township Delaware County is the larger of the two areas.  It contains the three small villages of Cheyney, Thornton, and Glen Mills.  The real estate market has been very active here recently driven primarily by the continuing growth of new housing in the area.  This building activity has included everything from town-homes through to large single family estates.  Sales activity actually peaked back in 2004 with 109 sales at an average price of $583,000.  Since then activity has dropped fairly consistently with 81 sales in 2005, 61 in 2006, 68 in 2007, 47 in 2008 and 22 year to date in 2009.

Classic Thornton Victorian Thornbury Delaware County PAPricing has been more varied as new home communities have impacted the market.  Prices averaged $615,00 in 2005, then $598,000 in 2006, $666,000 in 2007, and $650,000 in 2008.  Year to date in 2009, this has dropped further to an average of $554,000 with only 22 sales.  In addition, there are now 55 additional homes on the market with an average asking price of $751,000 and just 2 pending with an average price of $497,000.  With the large number of active listings and only two under contract, it is difficult to gauge the future market direction.

In Thornbury Township Chester County, the market has followed a bit different path.  Pricing spiked in 2004 as the average price jumped from $393,000 in 2003 to $472,000 in 2004.  Since then it has bounced to $449,000 in 2005, $517,000 in 2006, $548,000 in 2007, and back to $535,000 in 2008.  Activity has remained more stable with 39 sales in 2004, 49 in 2005, 39 in 2006, 41 in 2007, and 45 in 2008.  Greenbriar Townhome Thornbury Township Delaware CountyInterestingly, the economy has slowed the activity quite a bit with only 7 sales year to date but new construction is pushing up the average price to $614,000 so far this year with 5 additional homes pending at an average price of $711,000 and 27 homes currently on the market at an average list price of $723,000.

Both communities remain popular due to their ideal location and wide variety of housing options.  Located just off Route 202, Route 352 / Chester Middletown Rd, and Route 926 /Street Rd, the townships afford quick access to West Chester, Wilmington, the Main Line, and Philadelphia through a wide range of commuting options.  If you are considering a move in the area, these are both great options.

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

(All statistics are from the TrendMLS System and believed accurate but not guaranteed)

Classic Singles Lawn Bowling Tournament – Dupont Lawn Bowling Club Wilmington DE

May 21, 2009

Lawn Bowls SignThe Lawn Bowlers of the Northeast Division of the United States Lawn Bowls Association rolled into Wilmington DE last weekend for the Classic Singles Tournament held by the Dupont Lawn Bowling Club at the DuPont Country Club on Rockland Road.  Over twenty of the top regional bowlers competed over the weekend.

Lawn bowling has a long and varied history in the area.  Records show that lawn bowling has been a popular pastime in the area for over 300 hundred years.  Play was documented in Williamsburg as early as 1720 and probably was being played earlier.  Lawn Bowler Wilmington DEIn Europe, lawn bowling has been documented as far back as the 13th century.  Although it was banned for commoners to play in the UK from the mid 1400s to 1845 to encourage practicing archery, it continued to be played by royalty.  It is now being played around the world.

This weekend the bowlers played under cool and cloudy conditions for much of the time.  Five area clubs and several additional individuals were represented in the tournament.  The field included participants from the DuPont Lawn Bowling Club, The Williamsburg Inn Lawn Bowling Club, the Frick Park Lawn Bowling Club, the Essex County Lawn Bowling Club, and the New York Lawn Bowling Club.

Lawn Bowling Green Action DelawareAfter a full weekend of play, our congratulations go to Bud Fickley of the Frick Park LBC who won in a playoff with Dan Berg of the Williamsburg Inn Lawn Bowling Club placing second.  They were followed by Michelle Arculli and Rob Goldman of Baltimore.

Today outside the US, lawn bowling remains popular in the UK, Australia, Canada, New Zealand, and several other locations around the world.  The US Lawn Bowls Association has split the country into 7 competitive divisions with multiple clubs throughout each region.  The local contacts for the DuPont Lawn Bowling Club are Sally Montigney and Tom Lawler.

Congratulations to all the players for a great weekend of play.

As always if you have any questions or need any additional information, please feel free to  contact me anytime.

Alternative Renewable Energy Sources – Radnor PA Sustainability Series

May 19, 2009

Just Consider:

Pennsylvania contributes 1% of GLOBAL greenhouse gases.

Think about the impact we are having globally from here in our own backyard.

Last night Radnor held the second meeting in it’s  Sustainability Series: Issues in Sustainable Living and Growth in Radnor TownshipHome Solar Array Thorbury Township PAThe night’s topic was Alternative, Renewable Energy Sources: Transforming our Energy Economy.  The series is hosted at the Radnor PA Township Municipal Building on Iven but the presentations are also aired live on Comcast Cable Channel 10 and Verizon FiOS Channel 30.

Sponsored by the Radnor Conservancy, the League of Women Voters of Radnor Township, and the Township of Radnor PA, the meeting started at 7PM and lasted until approximately 9PM.  There were four speakers in attendance for the night and they provided a great overview of the issues on a macro level.  This afforded a great follow up to the first topic in the series: Green Building 101.

In order of appearance, each speaker highlighted important items in four separate areas:

Wind Energy and Its Future as a National Energy Source
by: Brent Alderfer, Executive VP of Iberdrola Renewables (1)
Solar Energy: Transforming the Market
by: Sarah Hetznecker, Project Development Director of Conergy
Other Potential Players: Nuclear, Geothermal, and More
by: John C Nagle, Consulting Engineer
The Most Surprising New Source of Energy: Efficiency
by: Ginny Kreitler, President, Kreitler Research & Consulting, LLC
Advisor to Pennsylvania Land Trust Association

PA Field TractorAll the presentations highlighted both where we are today and the challenges that we are facing in the future. In addition, they stressed the importance that policy, not only economics, will play as the world deals with both the continuing rise in demand for energy and the required decrease in carbon for the good of the environment.  There are still many options available and choices to be made as we go forward.

The next presentation in the series will be in approximately two months and will deal with the steps that can be taken today in our homes and at the local level.

As always, if you have any questions or need any additional information, please do not hesitate to ask anytime.

Congratulations Widener Law Graduates

May 17, 2009

Congratulations to All the Graduates of the
Widener University School of Law

Lindsay Graduates

Good Luck Linds!
To a long and prosperous future!

The Hood

May 16, 2009
Wilmington DE

The Band Plays On

Springhouse and Echo Valley – Options for Newtown Square PA Homes

May 11, 2009

Springhouse Newtown Square PALocated along Goshen Rd, just east of Willistown on the edge of Newtown Township lie the homes of two secluded but convenient communities of Echo Valley and Springhouse.

The nice private Springhouse community is one of the newest developments in the Newtown Square area consisting of only 17 homesites.  Built by Chip Vaughan and Mike Mirarchi, these homes define luxury.  Designed by architect Ann Capron with floor plans ranging from 5000 to over 8000 square feet and lots from just under an acre and up, they allow for an array of beautiful amenities to satisfy many tastes within this award winning community.

Most of the homes were constructed between 2003 and 2005 with prices when new in the $1,750,000+ range with many variations depending on design, size, and amenities.  Today, two of the properties are on the market with an average list price of just over $2.45 million.  Both properties are larger designs with 5 bedrooms and 5 plus baths in about 8000 sq-ft.

Echo Valley Ranch Newtown Square PAAcross Goshen Rd lies the older community of Echo Valley.  During the late fifties and sixties, new development progressed throughout the area as growth extended through communities such as Lawrence Park in Marple township and traveled west through Newtown Square to St Albans and Echo Valley. Situated on the site of Echo Valley Farm founded in 1719, this development was started in 1957 and the homes are mostly situated on large private 1+ acre lots hidden just north of Goshen Rd.  The community contains a large array of styles and designs as homes were built through much of the late fifties, sixties, and into the seventies.

This is one of the more established areas and the prices reflect this.  The tax records show 166 homes in the development, but only a handful become available each year.  With the wide range of sizes and styles, since 2006 prices have ranged from $499,00 to over $1,000,000.  Echo Valley Home Newtown Square PAThe bulk of the sales have been in the high $500,000 to low $600,000 range.  In 2008, there were 7 sales with prices averaging $608,000.  Today, there is only one property available listed for $1,100,000 and there have been no settled sales in 2009.

If you are looking for privacy and convenience in a great area with a wide range of styles and pricing, these are both communities not to be missed.  There are rarely a wide variety on the market at any given time but with patience you can often find the amenities you may be looking for.

As always, if you have any questions or need any additional information, please feel free to call me anytime.

(All statistics are from the TrendMLS system and believed accurate but not guaranteed)

Edwards Dr Foreclosure in Brookhaven PA

May 9, 2009

Edwards Dr Foreclosure Brookhaven PAToday we are in central southern Delaware County PA for the next example from Danielle Mateu’s foreclosure homes.  The Borough of Brookhaven is located on Route 352 just south of Middletown/  Media and north of the City of Chester.  Although settled in 1682, this area was part of Chester and Middletown Township before being incorporated in 1945.  Today it is a smaller borough with over 8500 people and 3600 residences.

This foreclosure home is located just southeast of the intersection of Route 252 (Edgmont Av) and Brookhaven Rd, the original center of the borough, on Edwards Dr.  It is a nice 3/4 bedroom, 1 bath Cape on a nice residential street just a block from the intersection.  This appears as an average solid foreclosure that will need additional work, but it is not a ground up restoration as seen in some other properties.  It is also the first cape that we have seen in the series.  As with any foreclosure, a buyer should be prepared to do their own inspections to determine the present condition and invest in some significant work from the outset.  This property has a nice addition on the rear with a small shed and large parking area in the back yard.  The video shows the details:

For the most part, real estate values have remained fairly stable in the immediate area.  Sales activity peaked in 2007 with 19 homes sold at an average $209,000 sales price, while sales prices peaked in 2008 at $211,000 with 12 sales.  So far in 2009 there have been 5 sales with an average $207,000 sold price.  Prices have been above $200,000 since 2005.

Edwards is now listed for $179,000 which appears competitive to the sold homes.  Today, there are also 2 additional homes pending that have an average list price of $184,000 and 5 homes currently on the market with an average list price of $199,000 so at least in the short term, we could see average prices easing to the $200,000 range.

As always if you have any questions, need any additional information, or would like to look at any properties, please do not hesitate to contact me anytime.  I look forward to hearing from you.

(All statistics from the TrendMLS System and believed accurate but not guaranteed.)

Open House This Sunday in Runnymeade Farms – Townhome at 9 Muirfield Court in The Clusters

May 7, 2009

Muirfield Court Runnymeade Farms Edgmont PAAs a follow up to my earlier post on Runnymeade Farms, this weekend we have the opportunity to visit one of the town homes in The Clusters of Runnymeade Farms Edgmont PA.  The home will be having an OPEN HOUSE this Sunday, Mothers Day, from 12:00-2:00

This is a large 3 bedroom, 2.5 bath townhome located at the end of the cul de sac at 9 Muirfield Court listed by Janice Grogan Brown in our office.  As you will find in many of the Runnymeade designs, it has a great open floor plan taking full advantage of it’s ideal location and views.  The first floor rooms are ideal for entertaining with a great flow including the deck opening to both the dining and living rooms.  The second floor features three bedrooms with an additional sitting room/office area opening to the downstairs area.  There is also a full basement with it’s own private patio opening to the back yard.  The video show it best:

This unit is priced at $329,000.  Currently there are 11 units of all types available in Runnymeade Farms for an average price of $303,000.  The last unit that sold in the Clusters was a unit on Sawgrass for $286,000 in September of 2008.  In the last six months, six condominiums have sold and one single family home with one additional condominium now under contract.

This is a great opportunity to take a look at the only town home currently available in Runnymeade Farms.  Please feel free to contact me with any questions and I look forward to the opportunity to see you this Sunday at 9 Muirfield Court from 12-2.

(All statistics from TrendMLS System and believed accurate but not guaranteed.  Directions: from Rt 3/West Chester Pike go south on Providence Rd to left on Runnymeade Drive, then bear left at stop sign and follow Runnymeade Drive to fifth left to the entrance to The Clusters at Muirfield Court)

Ardmore Av Station SEPTA Rt 100 High Speed Rail Line

May 2, 2009

Welcome to the Ardmore Avenue Station of the SEPTA Route 100 High Speed Line.

SEPTA Ardmore Ave Station Haverford PAThe SEPTA Rt 100 High Speed Line runs from the 69th Street Terminal in Upper Darby Delaware County to Norristown in Montgomery County.  This particular station is located at the crossing of the tracks with Ardmore Avenue just to the north of the Merion Golf Club and south of the intersection of Ardmore Ave with Haverford Road.

The Ardmore Ave station has limited parking so it is better situated as a drop off/walk up station for the local residents.  It is within walking distance of much of the western area of Ardmore Park and within range of much of the student housing for Haverford College which is located north of Haverford Road and west of Ardmore Ave.  The Haverford station would be a closer stop to the campus itself.  Closer to the station there are predominately single family homes.  The video provides a bit better idea of the area:

As far as real estate in the area, there is a wide mix of townhomes, twins, and single family homes in the area.  Using only the twins north of the track just in the western area of Ardmore Park, the pricing is tracking what we have seen in much of the area.  Activity peaked in 2006 with 30 sales and an average price of $275,000.  Pricing peaked in 2007 at $278,000 with 25 sales and then fell to 16 sales at an average price of $268,000 in 2008.  In 2009, we have seen an increase with only four completed sales at an average price of $305,000.  All these properties were in great move-in condition.

Today there are an additional 8 properties on the market at an average of $272,000 list and 2 properties under contract with an average list price of $266,000.  Based on these numbers, we should see the average sales price coming down.

So again, welcome to the Ardmore station.  This is a convenient local suburban Philadelphia commuter station providing easy access to the additional connections both through Norristown and the 69th Street Terminal heading toward Philadelphia.  The station is within walking distance to a wide array of housing choices.  As always, feel free to contact me anytime with questions, topics, or concerns.

(All statistics from the TrendMLS System are believed accurate but not guaranteed.)