117 Gladstone Open House & Market Update Lansdowne PA

OPEN HOUSE
Sunday Sept 22 1:00-3:00
117 Gladstone Rd Lansdowne PA

Gladstone Manor home prices continue to be fairly stable with rising activity.

Gladstone Manor continues to be a very popular community in Lansdowne. it is located just off Baltimore Pike just east of Darby Creek and west of Lansdowne Avenue/ downtown Lansdowne. This location provides easy access throughout eastern Delaware County. There is also a Media-Elwyn regional rail line train stop located on the southwest corner of the development affording quick access out to Media or into downtown Philadelphia.

With over 300 properties, Gladstone Manor contains a nice selection of twins and single family properties. Most homes were constructed between 1926 and 1928 with newer construction finishing the community in the 1950s. The most popular style are the 3/4 bedroom twins averaging between 1300 and 1900 sqft.

As we have seen throughout the county, average home prices did get hit during the recent recession. Prices peaked in 2006/2007 with average prices between $193,000 and $195,000. Individual sales prices ranged from $144,000 to over $245,000. Prices and activity dropped reaching a low in 2010 with 6 sales averaging $154,000. Since then prices have stabilized averaging $157,000 with 13 sales in 2011, $162,000 with 13 sales in 2012, and $144,000 with 5 sales in 2013 year to date.

Currently, there are 3 homes on the market with list prices from $140,000 to $218,000 and averaging $180,000. There is also one property pending for $139,000. When these sell, the average price looks headed toward the same price range we have seen over the last few years.

With a strengthening economy and still historically low interest rates, Gladstone Manor should continue to benefit with stronger pricing and better sales.

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

 

Devon Fall Classic Begins Sept 12

From September 12 through September 15, the Devon Horse Show grounds will once again be hosting the Devon Fall Classic.

The Devon Fall Classic Equestrian Events begin at 9 AM on September 12 and run through Sunday. The Fall Festival Shops and Midway will be open from noon to 9 PM Thursday, 10 AM – 9:30 PM Friday and Saturday, and 10 AM to 5PM on Sunday. There will also be live music on Thursday and Friday evenings, and during the day on the weekend. Pony Rides will also be available on Saturday and Sunday.

Take the opportunity to enjoy the Horse Show, Shops, Midway, and events on what looks like a great late summer weekend. Enjoy!

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

 

Faulkland Heights DE Homes Market Update

Faulkland Heights has continued to be a popular local home choice with stable home prices and strong sales activity.

Faulkland Heights is a nice single family residential community located in north central New Castle County with easy access to both Wilmington and Newark. Positioned at the intersection of Faulkland and Centerville Roads, it is just to the north and west of Kirkwood Highway and Route 141. This provides quick access throughout northern New Castle County.

With the first properties completed in 1959, construction in Faulkland Heights continued from 1959 through 1965 with the greatest number of homes completed in 1960 and 1961. With over 400 properties, there is a nice variety of sizes and styles ranging from 1150 sqft ranches to 2000+ sqft colonials and splits. The most popular styles were the 1500 to 2000 sqft ranches found through much of the community.

Faulkland Heights pricing and sales activity seem to be strengthening. The average sales price in the community reached a peak in 2007 with 11 sales at an average price of $250,000. Activity peaked a year later with 18 sales at an average price of $224,000. Sales activity and prices both eased until we appeared to reach some stability in 2011 and 2012 where in both years there were 11 sales at an average price of $184,000.

In 2013 year-to-date, Faulkland Heights has seen 14 sales with an average sales price of $180,000. There are also 2 sales pending averaging $192,000, and two properties are currently on the market listed for an average of $177,000. Individually the sales prices have ranged from $111,000 to $216,000 while the active properties range from $150,000 to $204,000. The pricing reflects the wide variation in condition currently seen in the various properties.

With increased activity and an overall strengthening market, Faulkland Heights home pricing and sales activity should continue to be stable or rising. For those needing quick access to Kirkwwod Highway, Route 141, and north central New Castle County, it should remain a great alternative.

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

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

Happy Labor Day 2013

Happy Labor Day To All!

 

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