Archive for November, 2014

Haverford Hill Condo Sales and Activity Real Estate Update – Haverford PA

November 14, 2014

The Haverford Hill Condos have continued to be a popular housing choice in Delaware County, but prices have fallen.

Since the last update on Haverford Hill in 2011, prices have weakened considerably resulting in increased activity. Haverford Hill Haverford PAFor the two bedroom condos, in 2011 there were 4 sales with an average settled price of $120,000 (down from an average $143,000 in 2012). Average prices then declined to $98,000 with 5 sales in 2012, and then $89,000 with 8 sales in 2013. In 2014 year to date, there have been 5 sales averaging $108,000. In addition, there are three 2 bedroom units on the market with an average asking price of $110,000 and one unit listed for $185,000. With the average pending unit prices lower than settled year to date, the average price for the year should fall from the $110,000 level.

For the one bedroom units, in 2011 there was only one sale for $94,000. This then fell to 3 sales averaging $65,000 in 2012 and no sales were listed for 2013. In 2014, year to date, there have been 5 sales with an average sold price of $66,000. There are also 2 units on the market with an average list price of $75,000.

Haverford Hill CondominiumsThere have also been several scattered 3 bedroom sales with pricing from $80,000 to $135,000.

Overall the pricing and activity in the Haverford Hill condos has tracked the activity seen in much of the county except that the fall in pricing occurred later here than seen in many other individual communities. It appears though that pricing and activity have stabilized or strengthened as we have moved through 2014 and it is expected that it should remain solid going forward.

As always, if you have any questions or would like to visit the area, please contact me anytime.

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

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

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