Archive for the ‘Suburban Philadelphia’ 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
http://www.DelawarePAHomes.com

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

Happy July 4 2019!

July 4, 2019

Happy July 4 2019!

IMG_20190703_160641842_HDR

(something a little different from the Delaware Museum of Natural History)

Relax and enjoy the day with family and friends. Have a great one!

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

The 2019 Steeplechase & Hunt Horse Racing Season Has Arrived

May 3, 2019

It’s that time of year again – The Winterthur Point to PointThe Willowdale Steeplchase, and the Radnor Hunt Races run over the next three weekends.

Winterthur Point to PointIt’s that time of year to enjoy some great steeplechase racing throughout the Brandywine Valley.

This weekend, the 41st Annual Point to Point is being run at Winterthur in Greenville DE. It will be the place to be on Sunday May 5. With tailgating, children activities, and fantastic racing, it is a great way to relax and spend time with your friends and family. Gates open at 10:30 with racing starting at 2:00. The Alison Hershbell Pony Races start at noon and the George A “Frolic” Weymouth Parade of Antique Carriages begins at 1:00.

On May 12, you can ramble up to Kennett Square to enjoy the Willowdale Steeplechase. The event helps to raise money for The Stroud Water Resource Center, the University of Pennsylvania School of Veterinary Medicine’s New Bolton Center, and Quest Therapeutic Services. The day begins at 10:00 with the opening welcome and Jack Russel Terrier Races at 10:30. Pony Races start a 11:30. Horse racing starts at 1:00 and races run throughout the afternoon.

Willowdale SteeplechaseThe 89th Radnor Hunt Races are run the following weekend on Saturday May 18 – a great weekend to move up to the Main Line and the grounds of the Radnor Hunt in Willistown Township, The races support The Brandywine Consevancy. Gates open at 9:00 with the first of six races starting at 1:30.

Take some time and be sure to enjoy three great weekends of local horse racing in May.

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

Happy Easter 2019!

April 21, 2019

Happy Easter to All!

 

IMG_20190420_182658858

Hope everyone is enjoying the holiday – great friends, great food, and a spring break weekend for many.

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

Folcroft PA Home Sales Report

April 20, 2019

kufkufufkukFolcroft PA home prices continue to rise but sales activity has eased.

FolcroftPASignFirst settled in the 1600s as part of New Sweden, Folcroft was one of the earliest developments in what is now southeastern Delaware County Pennsylvania. Folcroft was incorporated as a separate Borough in 1922. Originally a farming area, today it is a convenient residential suburb to Philadelphia containing a nice selection of over 2500 row, twin, and single family homes. It’s location provides quick access to Philadelphia, the Philadelphia International Airport, and all areas north and south along I-95. In addition, it is a stop on the Philadelphia Media/Elwyn Regional Rail line with direct service to downtown Philadelphia.

FolcroftPAHomesFolcroft is a popular residential area with the average area home sale prices recovering nicely from the recession. Sales activity reached a recent low with only 43 home sales in 2012. Average prices reached a low the following year at only $67,000. Since then sales activity and prices have been in a general uptrend with 120 sales in 2018 at an average sales price of $112,000. From the recent lows, these numbers represent a 67% increase in the average price with 2.7 times the sales.

In 2019, the market has continued to be strong but the sales pace is running a bit behind 2018. To date, there have been 21 sales with an average sales price of $124,000. In addition, there are currently 15 properties on the market with an average list price of $128,844, and 16 properties are under contract with an average list price of $121,000.

With Folcroft’s ideal location, a strong local housing market, and continued growth in jobs and housing in the Philadelphia region overall, the real estate market in Folcroft looks to continue to be a great housing choice that should be included in any local search.

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 Bright MLS System and believed accurate but not guaranteed)

New Listing! 1431 Hallman Rd Abington PA 19001

March 16, 2019

Welcome to 1431 Hallman Rd in Abington PA 19001.

XF8A7184Do not miss this ideal Roslyn twin. Located just minutes from the PA Turnpike, just off Route 611 in Abington PA, 1431 Hallman is a classic 3 bedroom, 1 bath twin convenient to schools and shopping.

Featuring an open floor plan, enter into a spacious living room with a beautiful front bay window. Just beyond, beautiful natural lighting fills the kitchen and dining room. The kitchen has been opened to both the dining room and living room allowing easy entertaining. XF8A7189From the dining room, you are just a few steps from the rear patio and deep spacious rear yard with a wooded area beyond. The second floor features three generous sized bedrooms with a full bath. The basement is unfinished with a separate bar/laundry area.

Listed for $210,000, 1431 Hallman is a great home in an ideal location that should not be missed. For more information visit www.1431Hallman.com. Be sure to include this as an option on any tour in the area.

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

Happy Memorial Day 2018

May 28, 2018

Happy Memorial Day!

DelawareSoldierSailorMemorial

 (Delaware Soldiers and Sailors Monument – Wilmington DE)

Remember those who served and be sure to see the parade on May 30 at 6:00 PM.

Hope you had a great day! Take some time and enjoy your summer!

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

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
www.DelawarePAHomes.com

(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
http://www.DelawarePAHomes.com

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

Happy July 4th!

July 5, 2017

Happy July 4th!

IMG_20170704_201233

A bit of a soggy mess to end a great day but it looks like it will be clear so the fireworks can go on… I hope everyone had a great holiday. Enjoy the rest of the summer. Have a Happy 4th!

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