Archive for the ‘Statistics’ Category

Delaware County PA and New Castle County PA Home Sales

August 24, 2019

As of this morning, the MLS shows that both New Castle County DE and Delaware County PA have closed exactly the same number of properties – 4,477 properties sold in each county year to date.

This also happened in June for Chester County and Delaware County so I thought this would be a good time for another quick sales update for Delaware County PA, Chester County PA, and New Castle County DE.

IMG_20190815_081857414_HDRDelaware County PA: Currently there are 1,451 properties on the market or coming soon, 857 properties pending, and 4,477 properties sold. This compares to 2018 with 1,736 on the market, 912 pending, and 4,635 sold. We are currently running about 3.5% behind last year in properties sold along with lower inventories and lower pending.

New Castle County DE: Currently there are 1,451 properties on the market or coming soon, 901 pending, and 4,477 sold. In 2018, there were 1,717 on the market, 967 pending, and 4732 sold. This puts us about 5% behind last year also with lower active listings and pending properties.

Chester County PA: Chester County is now the strongest area with 1,705 on the market, 1047 pending, and 4,571 sold year to date. In 2018, there were 2,083 on the market, 1,167 pending, and 4,808 sold. These numbers also put us about 5% behind last year.

Overall the market activity continues to show weakness throughout all three counties compared to 2018. On the other hand, we have gained versus the weak numbers we saw in June . With the continued volatility in the econmy, markets, and activity worldwide, the market could continue to exhibit some weakness through the remainder of the year.

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

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

Newtown Square PA Real Estate Update

February 18, 2018

Newtown Square continues to be a prime destination for those looking for a more relaxed suburban lifestyle but still being only minutes from the Main Line, Philadelphia International Airport, and all that Delaware County, Chester County, and Philadelpia have to offer.

With its ideal central location, Newtown Square has always been a top destination in the area. Today the real estate market continues to thrive as prices remain relatively stable and new development continues throughout the Township. Older developments continue to see stable to rising prices with many upgraded, expanded, and rehabbed homes. This activity accompanies the expanding new construction projects throughout the Township. There is also a good mix of new commercial development like the new shops and restaurants of Ellis Preserve that provide a new dose of variety for the area.

Overall Newtown Square real estate prices have remained relatively stable but the numbers do not catch all the activitty in the new home developments. Newtown Square HomesSince 2010, average sales prices have seen a broad range from $440,000 to $554,000 while sales activity has seen a continued growth on a year to year basis. In 2010 there were 109 sales with an average sales price of $542,000 and 79 days on the market. Reported sales prices subsequently fell in 2011 to $440,000, then averaged $499,000 in 2012, $508,000 in 2013, $554,000 in 2014, $502,000 in 2015, and $477,000 in 2016. Sales activity has seen a more steady rise as home sales rose to 126 sales in 2011, 158 in 2012, 157 in 2013, 198 in 2014, 188 in 2015, and 214 in 2016.

In 2017, there were 247 home sales with a reported average sales price of $538,000 with an average of 65 days on the market. So far in 2018, there have been 18 sales at an average sales price of $546,000 with 73 days on the market. Liseter Newtown Square PACurrently there is a wide variety of available homes with prices for condos starting at $169,000, townhomes from $179,000, and single family properties from $324,000. Prices top out at $3,500,000 with 16 properties listed for more than $1,000,000 in Newtown Township.

It appears that Newtown Square will continue to be a prime destinantion for families looking to live in western Delaware County. Its wide variety of housing, new home construction, great location, and strong commercial development should continue to drive growth in the area that should attract a strong and growing residential housing demand.

David Henke
Long & Foster Real Estate Inc – Newtown Square, PA/Wilmington, DE
Office: 610-225-7400/Cell: 610-618-0808

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

Home Sales Continue to Rise in 3 County Area

September 24, 2017

Quick update to my August 3 sales update:

All three counties continue to have strong sales with Chester County just barely leading the way. Chester County now has 5,305 settled sales year to date (up 4% from 2016 and 39% from 2012). New Castle County is slightly behind at 5,264 sales to date (up 12% from 2016 and 38% from 2012). Finally Delaware County now follows with 5,209 sales (up 5% from 2016 and a huge 47% from 2012!)

As you can see, we continue to have strong volume with rising sales across the board compared to last year and five years ago.

from August 3, 2017:Collen Brook Farm Upper Darby PA

Well that’s unusual. All three counties with almost identical closed sales.

Generally I work in three counties in the area; Delaware and Chester Counties in PA and New Castle County County in Delaware. I also usually check the statistics daily for each county.

As you would expect, there is a wide variation in sales rates and volumes as particular areas become more popular or not over time. As the year progresses, there are usually clear winners and losers.

Not this year. Today I just happened to notice that the settled sales year to date total:

Delaware County: 4264 Homes reported sold in MLS

Chester County: 4267 Homes

New Castle County: 4268 Homes

A difference of only four properties for all three counties.

In 2016, the comparable data for today was Delaware at 3,974, Chester at 3,992, and New Castle County at 3,754. Five years ago saw Delaware at 2,806, Chester at 3,032, and New Castle at 3,090.

Bottom Line: Good news for all three counties! Sales continue to rise in all three counties and all three are equally robust.

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

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

Chester County PA Home Sales Update

July 3, 2017

For the first half of 2017, the Chester County housing market continues to strengthen and looks to remain strong through the balance of 2017.

As of July 1 throughout Chester County, there were 2,541 properies currently on the market, 1,271 homes under contract, and 3,421 homes had settled at an average sales price of app $368,000.

Chester County Visitor Center Longwood PAThis compares to July 1, 2016 when there were 2,858 active properties, 1,323 under contract, and 3,147 properties had sold with an average sales price of $356,000. This indicates a 12% drop in inventory, an 8% rise in sales, and a 3% rise in price in 2017.

For more perspective, if you go back 5 years to 2012 on July 1, there were 3,669 properties on the market, 867 under contract, and 2,452 had settled with an average sales price of approximatley $327,000. Between 2012 and 2017, this shows a 31% drop in inventory, a 46% rise in properties under contract and a whopping 39% increase in completed sales with a 12% rise in average prices.

These are all strong numbers but it must be remembered that this covers the entire county so individual areas have seen a much broader range of price changes and activity, both good and bad. Just a quick update of the raw numbers as we head into the second half of the year.

I hope everyone is having a great year!

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

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

Delaware County PA Home Sales Continue to Improve!

April 10, 2017

Delaware County PA home sales continue to improve in 2017.

It just keeps getting better. As of April 5, 2017 throughout Delaware County, there were 2312 properties on the market, 1050 under contract, and 1312 properties have settled since the first of the year.

These numbers all improved over 2016. Today last year, there were 2879 homes on the market, 1000 properties under contract, and 1206 properties sold. IMG_20170408_111128The 2017 numbers represent a 20% drop in inventory, 5% increase in properties under contract, and 8% increase in sales year to date.

They have improved every year for the last five years. Compared to 2012, the 2017 statistics show a 35% drop in homes on the market (from 3,570 in 2012), a 26% increase in those under contract (from 828 in 2012) and a healthy 50% increase in completed sales (from 869 Homes in 2012)

Since the election in November, we have continued to see a strong increase in sales and activity throughout the area. There has also been quite a bit of variation from township to township, so not all areas have been benefiting to the same extent, but the trend today is your friend.

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

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

Quick 2015 Delaware County PA Wrap Up

January 5, 2016

So how did it go in Delaware County real estate last year? – Pretty Good!

Although there has been a wide variation in activity throughout the county and townships, the overall market has continued to strengthen.

From January 1, 2015 through January 4, 2016, there were 6,122 reported sales on the MLS. This compares to only 5,465 at the beginning of last year, a rise of over 12%. It could be worseLikewise, pending sales have grown from 622 in 2015 to 660 in 2016, an increase of 6%. Active for sale home inventory has also decreased from 2,580 active lisitngs to 2,507, a fall of over 2.5%.

This looks even more promising when compared to the depth of the market in 2011. On January 4, 2012, there were 3,142 homes on the market (25% higher), 480 homes pending (27% lower), and there had only been 4089 sales in 2011 (33% lower).

Based on the local market and economy, it appears that we should have another solid year in 2016. This could be disrupted, however, depending on the major potential economic and political impacts currently developing around the world.

Call me if you are interested in more information on the market in your particular area.

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

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

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

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

Westhaven & West Park Homes and Real Estate Update

August 20, 2014

Westhaven and West Park are ideal home choices for those looking for great classic housing in a convenient close to Wilmington location.

Westhaven & West Park Wilmington DE 19807Westhaven and West Park are two neighboring developments adjacent to Westover Hills. They are located just west of DuPont Rd and north of Lancaster Pike across from the Cab Calloway School of the Arts. This location provides immediate access to Greenville, Hockessin, Wilmington, and all of New Castle County.

With just over 80 properties, Westhaven was developed first. Construction began in the early 1930s and continued through the forties and later but over half of the homes were completed between 1939 and 1945. Westhaven contains a nice mix of mostly 3 or 4 bedroom two story colonials. Individual properties range from 1,675 sqft to over 3,000 sqft with the most common size being in the 2,000-2,500 sqft range. Individual lot sizes range to over half acre but most are just under a quarter acre.

Westhaven Home Greenville DE 19807Over the last few years, Westhaven home prices and sales have been fairly stable with an average 2-4 sales per year. The average sales price has generally remained in the mid $400,000 range with individual pricing ranging from $288,000 to over $600,000. In 2014 year to date, there have been 4 home sales with an average price of $423,000. There is also one home pending with a list price of $335,000 and one property for sale listed for $569,000.

West Park is the smaller more recent neighbor with about 45 properties. West Park has a wide range of styles including capes, colonials, ranches and split levels homes. Construction began in 1959 with most completed by 1966. Individual sizes ranged from 1,625 sqft to 3,950 sqft, but like Westhaven, the most common size was between 2,000 and 2,500 sqft. West Park Home Wilmington DE 19807Lot sizes were comparable to Westhaven averaging around a quarter acre.

Although sales have been fewer due to the smaller community size, West Park prices have not been as strong as seen in Westhaven and Westover Hills. The pricing could be impacted by the potential for new development in the area. One home sold in 2013 for $375,000 and there has been only one completed sale in 2014 for $300,000. There are no properties currently under contract or available on the market.

Both communities offer excellent housing choices in a convenient location with immediate access to great shopping, good schools, and all the area has to offer. Be sure to include them in any search in the area.

David Henke
Long & Foster Real Estate, Inc
Wilmington, DE/Devon, PA
Office:302-834-3431/Direct: 610-618-0808

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

Westover Hills Homes Update – Greenville DE 19807

August 4, 2014

Westover Hills continues to be a premier housing choice in Wilmington Delaware.

Westover Hills HomesWestover Hills DE HomeWestover Hills is situated in a prime location along Route 52 / Pennsylvania Avenue just beyond the Wilmington city limits. It was designed in four separate sections generally moving from the city limits beyond the original Wilmington Country Club property (now part of the University of Delaware) out toward Greenville. The first homes were completed in the 1920’s and new construction continues to this day, but there were three particularly active construction periods from approximately 1935-1940, 1945-1956, and 1996-2000. This has afforded the community a wealth of individual home styles, sizes, and designs that have always attracted Wilmington’s elite.

Westover Hills Greenville DE 19807Today, with almost 400 properties, Westover Hills is the ideal community for those looking for luxury living in a suburban environment with easy access to Greenville, downtown Wilmington, and all the surrounding area. A buyer can find a property to suite almost any lifestyle, from comfortable classic Colonials, to custom Tudors, to large estate properties ranging to over 10,000 square feet of interior space on spacious private lots. Homes have been continually updated and expanded to reflect the current state of the art in housing. Developed to take advantage of it’s natural location, it is a true neighborhood with winding streets, friendly neighbors, stability, and privacy.

Westover Hills Wilmington DE HomesWestover Hills is located close to the intersection of the Kennett Pike (Route 52) and Route 141 between Wilmington and Greenville. Route 52 is part of the Brandywine Valley National Scenic Byway rich in area history and attractions. A number of small shopping areas with boutique style shopping for both food and clothing are nearby in Greenville and Centreville. In addition, it is a choice location with easy access to great schools – both public and private.

The Westover Hills’ location also provides easy access to downtown Wilmington as well as easy commuting options to Philadelphia, Chester County, Delaware County, and beyond. Westover Hills Greenville DE 19807Westover Hills Delaware HomesAmtrak trains and SEPTA are moments away through the downtown Wilmington train station, while the Philadelphia International Airport is just a short distance across the PA line south of Philadelphia.

Housing prices in Westover Hills have experienced the same pricing cycle as seen through much of New Castle County. Prices and activity peaked in 2005 when there were 22 sales and bottomed in 2011 when there were only 11 completed transactions. Today, there are 9 properties on the market with an average listing price of $895,000 with individual prices ranging from $549,000 to over $1,500,000. Two properties are pending with an average asking price over $1,000,000. Six propeties have settled this year with an average sale price of $774,000.

Westover Hills continues to be a prime destination for those seeking top notch living in a convenient neighborhood offering privacy, luxury, and immediate access to everything the area has to offer. Should you need any additional information, please do not hesitate to contact me.

David Henke
Long & Foster Real Estate, Inc
Wilmington, DE/Devon, PA
Office:302-834-3431/Direct: 610-618-0808

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

Ashbourne Hills Homes Update

July 13, 2014

Ashbourne Hills prices have strengthened on a slight fall in activity.

In our last August 2013 Ashbourne Hills Update, prices had been basically stable for the last several years with an uptick in activity in 2012 as the market initially responded to the lower prices. For 2013 as a whole, there were 18 completed sales having an average price of $179,000 and averaging Ashbourne Hills Homes72 days on the market. Final prices ranged from $75,000 to $256,000 reflecting the wide range in condition and amenities available.

In 2014 year to date prices have risen with 9 completed sales averaging $199,000. Once again, we are seeing a wide range of final sales prices from $70,000 to $250,000. The average days on the market has also fallen to 51. In addition, there are 3 properties under contract with an average asking price of $182,000 and 8 properties active on the market with an average list price of $235,000.

With the rise in pricing, we are seeing just a slight fall in activity but this could be quickly overcome as we head through the year. Ashbourne Hills remains a solid choice for those looking at homes in the North Wilmington area and should be included in any area search.


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

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