Archive for the ‘Folcroft’ Category

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

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

Folcroft Station PA SEPTA R2 Regional Rail

February 8, 2009

Amtrak Northeast Regional Passes Folcroft Station PA

Today we’re visiting the Folcroft Borough Station of the SEPTA R2 Regional Rail Line connecting Center City Philadelphia with Newark Delaware.

Folcroft is a great community incorporated in 1922 and conveniently located in southeastern Delaware County PA.  The station itself is located just east of the Primos Ave overpass (Primos Ave becomes Oak Lane as you travel further north).  It is the fifth stop west of 30th Street Station, with a 15 minute scheduled travel time.  The SEPTA R2 line actually parallels the main Amtrak Northeast Corridor rail lines from Center City through Newark DE, although Amtrak does not currently stop here.  The station also offers easy connections with several bus routes and offers parking and plenty of space for pick up or drop off passengers.

Immediately adjacent to the station there is a mix of single family homes, twins, and rows.  Primos Ave actually forms the border between Folcroft and Glenolden at this point.  Throughout the borough, row homes are the most common construction with the largest development being Delmar Village.  Like many areas in Delaware County and Suburban Philadelphia, prices have been drifting down for the last couple years.  The average sale price in 2007 was $129,000 which dropped to $118,000 in 2008, and to $92,000 so far this year.

Needless to say, activity has also taken a hit here recently due to the overall economy.  There are currently 40 homes listed as active on our MLS with 5 pending and 44 having been sold in the last six months.  The average price for those listed is $137,000 while those that have settled have averaged $116,000 (the 5 pending homes have an average price of $114,000).

With the economic stimulus bill that is now working its way through Congress, this area of Delaware County could be one of the first to benefit.  With its convenient location on the R2 Rail Line and being only minutes from the Philadelphia International Airport and I95 by car, it retains many advantages as a place to be called home in Pennsylvania.

As always, if you need anything, please do not hesitate to contact me anytime!

(All statistics from the TrendMLS system and believed correct but not guaranteed)