Archive for July, 2009

Wayne PA Station SEPTA R5 Rail Line Radnor PA

July 2, 2009

Welcome to Wayne PA.  This station is on the SEPTA R5 Regional Rail Line just west of the Blue Route (I-476).

Wayne Station SEPTA R5 Regional Rail Radnor PAWith a prime location on the Main Line, the Wayne SEPTA stop is one of only four R5 rail stops in Delaware County.  The R5 Regional Rail Line parallels the Main Line from downtown Philadelphia to Downingtown/ Thorndale.  This line is still served by Amtrak but the nearest Amtrak stop is a few stations to the west in Paoli or just a bit further east in Ardmore.

This is an ideal commuter station with some commuter parking on both sides of the track and with plenty of space for picking up and dropping off passengers.  It is also within easy walking distance of many single family homes to the north and the multitude of condominiums and apartments in the area.  Wayne is also a prime shopping, commercial, and restaurant destination.  The video will provide a better feel for the area:

Wayne continues to be a prime real estate market.  As in most areas, the Wayne, zip code 19087, hit its peak sales activity in 2004 with 168 sales as the average price first moved above the $600,000 mark.  Prices continued to rise as sales tended down through 2007.  In 2005 there were 165 sales averaging $695,000, in 2006 144 sales with an average price of $689,000, and finally prices peaked at an average of $778,000 in 2007 with 157 sales.

In 2008, sales fell to 113 homes with an average price of $757,000 and have continued the slide this year with 55 sales year to date at an average price of $607,000.  Today, there are an additional 76 homes on the market with an average list price of $1,097,000 and 19 homes are under contract with an average list price of $924,000 (the average sales price should be rising as these settle).

With its prime location, diverse array of housing options, great eating and shopping options, and good rail links, Wayne should continue to be one of the preferred commuting and housing destination on the Main Line for years to come.

As always, should you need any additional information, please feel free to contact me anytime.