Stonewold Homes in Greenville DE 19807 Market Update

Stonewold has continued to be one of the most popular housing developments in the Greenville Hockessin area.

Stonewold Greenville DELocated between Barley Mill Road and Lancaster Pike just west of Centerville Road, the community of Stonewold has become one of the most popular and convenient recent housing developments in the area.  This location provides its residents with almost immediate access to Hockessin, Greenville, and Wilmington.  Just to the east, Route 141 provides easy access to I-95 allowing quick travel into Pennsylvania and Philadelphia to the north or Maryland, Baltimore, and Washington DC to the south.  It is also a straight shot down Lancaster Pike to the Wilmington Amtrak/SEPTA Train Station.

Stonewold Home DEStonewold itself was largely built between 1999 and 2001 with some construction continuing into 2003.  This Thompson Homes development consists of over 130 single family luxury homes ranging in size from just 2625 to almost 6000 sq ft.  The bulk of the homes have between 3500 and 4500 sq ft per the tax records.  Many have 2-3 car enclosed garages and are built in a nice range of styles with stucco, brick, or stone exteriors.

Home prices in Stonewold have held up very well.  Originally selling from the high $300,000 level to the mid $500,000 level in 1999 and 2000, prices rapidly rose with some sales prices peaking over $900,000 in 2005 and 2006.  Stonewold DEAverage sales prices rose from $469,000 in 1999 to an average price of $789,000 in 2005.  Since then, they have mostly maintained their value averaging $751,000 in 2006 with 11 sales, $793,000 in 2007( 7 sales), $759,000 in 2008 (5 sales), and $724,000 in 2009 (8 sales).  In 2010, there has been one closed sale for $820,000, one home is under contract listed for $799,000, and one home is currently available with an asking price of $799,900.

Stonewold should continue to be a popular choice for those looking for a convenient location with easy commuting options throughout the area while remaining in one of the best residential single family communities in the county.

David Henke
Long & Foster Real Estate Inc – Bear, DE/Newtown Square, PA
Office: 302-834-3431/Cell: 610-618-0808
www.DelawarePAHomes.com

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

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