New Listing – 3217 Hilltop Rd Newtown Square PA

Welcome to 3217 Hilltop Rd in Newtown Square PA.

3217 Hilltop Road is a meticulously maintained, beautiful move-in condition 3-bedroom, 2-bath home in Newtown Square PA. As you step inside, you are greeted by a gracious living room featuring gleaming hardwood floors and a charming gas fireplace, creating a warm and inviting atmosphere. The spacious eat-in kitchen and separate dining area with a bay window offer a delightful space to enjoy meals while overlooking the rear deck and yard. The large enclosed three-season room adjacent to the dining area provides versatility as a formal dining room, home office, or additional living space. Step outside onto the expansive wood deck, perfect for entertaining, with stairs leading down to the private fenced garden area. On the main level, you will find two spacious bedrooms, a separate full hall bath, and a convenient enclosed laundry area in one of the bedrooms, allowing for easy one-floor living. The lower level boasts a third bedroom with an attached full bath, offering a separate area with its walk-out access to the driveway and a nice yard. Additionally, the lower level features a separate finished rec room and a spacious storage room or work area, providing ample space for your needs.

Situated on a corner lot in a convenient Newtown Square location, this home offers excellent proximity to shopping, dining, and entertainment options, ensuring your enjoyment of the vibrant amenities of the area. Do not miss your opportunity to check out this property now!

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

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

Delaware County PA Home Sales Update – June 2023

The home sales rate in the Delaware County Pennsylvania real estate market continues to be constrained by a very low inventory.

The 2023 Delaware County PA home sales rate appears to be reduced due to a very low inventory. Active inventory has continued to fall on a yearly basis for the last five years. Even though home sales activity year to date has fallen 27%, inventory has fallen an additional 16% rather than rising as would be expected. 

Delaware County Home Sales Activity as of June 15 by year:

Year	Active	Pending	Sold thru 6/15
2023	522	624	2241
2022	610	968	3070
2021	650	1298	3090
2020	986	720	2249
2019	1416	1026	2675
2018	1839	1306	2841
2013	3322	949	2583

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

Compared to the pre-Covid rate 5 years ago in 2018, the numbers are even more dramatic. Sold homes have fallen by 21% while active inventory has fallen by 71%. Compared to 10 years ago, the active inventory has fallen by over 80%.

After years of unusually low interest rates, it appears that many potential home sellers either cannot afford to or do not want to give up their very low rates. Even if they would like to move, with inventories this low, many cannot find a suitable new home to buy. Despite the higher interest rates, it remains a sellers market in most areas throughout the county.

For more details about sales in 2022, check out the 2022 Delaware County summary:

As always, if you have any questions, please do not hesitate to contact me anytime.

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

Chester County PA Home Sales Update

For the first half of 2022, the Chester County PA housing market continues to be strong but appears to be constrained by very limited inventory.

Currently, there are only 672 properties on the market compared to 852 properties in 2021 – down 22%. Active inventory is also down 46% from 2020 and 73% from 5 years ago in 2017.

As seen on the attached chart, overall sales and pending sales have been much more consistent. Even with the drop in inventory, there has only been a 5% drop in sales and 23% drop in pending sales.

Overall, we are continuing to see strong demand throughout the area. The recent increase in housing prices and interest rates are having an impact but demand continues to out strip supply. Multiple offers, limited inspections, and all cash offers continue to be common.

As always, please feel to reach out if you have any questions or are considering a move.

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

Delaware County PA Home Sales Update

As seen in 2021, Delaware County PA home sales are off to a fast start in 2022.

For the second year, home sales in Delaware County Pennsylvania continue to be high but appear limited by the lack of active inventory.  Active inventory is down 16% from 2021, down 59% from 2020 and 80% from 2017. 

Year-to-date sales are basically level with 2021, but are 23% higher than in 2017. Pending sales have been fairly stable, down 4% from 2021 and 7% from 2017.

As seen in adjacent counties, the overall home sale market in Delaware County continues to be very tight with very low inventory. Sales activity appears constrained by the limited inventory. Multiple offers, limited inspections, and cash offers continue to be common issues for buyers on many properties.

If you need any additional detailed information on your area, contact me anytime.

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

Early Voting Still Available! Delaware 4th Representative Special Election

Early voting is now open for the Delaware 4th Representative District Special Election.

Do you have any spare time this week? Do you live in the Delaware 4th Representative District? Do you work downtown? You can still vote early!

From now through Thursday March 3rd, early voting is available at the Carvel State Office Building. The Carvel State Office Building is located at 820 North French Street in Wilmington, DE 19801. The voting area is located on the Mezzanine (Floor 2) and is open each day from 7am until 7pm.

This is your chance to make your voice heard. There are many important issues still to be decided in Dover this year. It is important to restore balance to state government and be more responsive to the people of Delaware. To be heard, one party rule is not good for Delaware.

Remember to vote early through March 3rd or vote Saturday March 5th!

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

New Castle County Delaware Home Sales Update

As in 2021, home sales in New Castle County Delaware are off to a fast start.

For the second year, home sales in New Castle County Delaware continue to be high but appear limited by the lack of active inventory.  Active inventory is basically flat with 2021 but down 56% from 2020 and 77% from 2017. 

Year-to-date sales dropped 13% from 2021, but are 10% higher than in 2017. Pending sales continue to drift lower, down 6% from 2021 and 20% from 2017.

Overall the home sale market in New Castle County continues to be very tight with very low inventory. Sales activity is down from 2021 but that may be a result of the limited inventory. Multiple offers, limited inspections, and cash offers continue to be common issues for buyers on many properties.

If you need any additional detailed information on your area, let me know.

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

Happy New Year 2020!

Happy New Year!

Thank you for a great 2019 and looking forward to a strong new decade.

It’s nice that the century is finally moving out of its awkward teenage years and can get a new start.

I look forward to seeing you in 2020.

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

 

Delaware County PA and New Castle County PA Home Sales

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.

Delaware 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!

(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

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

It’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.

The 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