Archive for the ‘Havertown’ Category

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)

Haverford Hill Condo Update Delaware County PA

July 24, 2011

The Haverford Hill condominiums continue to be a popular choice although prices and sales activity have both weakened recently as compared to our last update in January 2010.

Throughout the county, home prices and sales activity have continued to be weak as consumers remain wary of the unsettled local, national, and international prospects. Condominiums of existing complexes have seen lowered demand and this weakness is reflected in both the pricing and sales activity seen in the Haverford Hill condominium complex.

In 2009, the average price of a 2 bedroom unit was $149,000. This eased to $143,000 in 2010 and $133,500 in 2011.  With an average list price for properties currently on the market of only $133,000, the average price appears to be headed lower for all of 2011.

The same trend is seen in the activity.  In 2008 there were 10 sales, rising to 18 total sales in 2009. In 2010 this fell to only 5 sales in the complex and only one settled sale for 2011 year to date. In detail:

Year:  1BR on the Mrkt | Avg Price | 2BR on the Mrkt | Avg Price
Active:            :4               $98,000            14                    $133,000
Sold 2011:      :0                      0                 1                     $133,500
Sold 2010:      :2              $115,000            3                     $143,000
Sold 2009:      :10            $108,000            7                     $149,000

With lower pricing, increased inventory, and the available great financing rates, activity could quickly rise as we continue through the year and consumers get some clarity and feel more confident on their personal situations. Well known communities and developments would likely be the first to benefit.

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

Green Energy Forum: PA Sunshine Program, Keystone Help, High Performance Green Building

June 12, 2009

Coopertown Elementary School Haverford PA

Last night, PA State Rep Greg Vitali held a Green Energy Meeting at Coopertown Elementary School to update local residents and businesses on new programs and financing available for energy efficiency upgrades.

With an audience composed of about one third homeowners, one third contractors, and one third small business owners, the speakers covered various programs currently underway.  They also highlighted resources that are available today for energy consumers in the area.

They split the presentation into four sections.  After a brief introduction by Rep Vitali, each speaker had about a twenty minute presentation followed by a lengthy open formal and then informal question and answer period.

Dan Griffiths, Director of Energy Technology and Deployment Pennsylvania Department of Environmental Protection, was the first speaker covering the PA Sunshine Program and the state’s energy independence strategy.  Pennsylvania is making an over $650 million investment toward increasing our energy independence and promoting green energy in the state.  The state has already raised about $100 million in new bond funding with $30 million already being deployed in the new programs.  The program includes both funding and rebates for individual projects meeting their criteria.

The second speaker was Jeffery Gatter, Senior VP of AFC First Financial.  He delved more deeply primarily into the Keystone Help Program.  This program provides low cost financing for Energy Efficiency Home Improvements with interest rates and rebates varying on the type of projects being proposed.  This program is a key driver for both homeowners and contractors to make the investments cost effective for all involved.  Country Bridge Chadds Ford PARebates are available for projects completed after February 23, 2009 while financing is available for projects begun afte February 23, 2009.

The final speaker was Spencer Finch from the Delaware Valley Green Building Council and the Pennsylvania Environmental Council.  He covered the High Performance Green Building Program and how to approach these projects.  The key is to start small and do the obvious projects first before starting with the major retrofits and solar/geothermal options that are available.  He reviewed several of the resources available both in the area and nationally.

Thanks again to Representative Gregory Vitali’s efforts to put on another great program highlighting the steps the state is taking to help the state, residents, and the environment.  Be sure to check his website for upcoming legislation.

Ardmore Av Station SEPTA Rt 100 High Speed Rail Line

May 2, 2009

Welcome to the Ardmore Avenue Station of the SEPTA Route 100 High Speed Line.

SEPTA Ardmore Ave Station Haverford PAThe SEPTA Rt 100 High Speed Line runs from the 69th Street Terminal in Upper Darby Delaware County to Norristown in Montgomery County.  This particular station is located at the crossing of the tracks with Ardmore Avenue just to the north of the Merion Golf Club and south of the intersection of Ardmore Ave with Haverford Road.

The Ardmore Ave station has limited parking so it is better situated as a drop off/walk up station for the local residents.  It is within walking distance of much of the western area of Ardmore Park and within range of much of the student housing for Haverford College which is located north of Haverford Road and west of Ardmore Ave.  The Haverford station would be a closer stop to the campus itself.  Closer to the station there are predominately single family homes.  The video provides a bit better idea of the area:

As far as real estate in the area, there is a wide mix of townhomes, twins, and single family homes in the area.  Using only the twins north of the track just in the western area of Ardmore Park, the pricing is tracking what we have seen in much of the area.  Activity peaked in 2006 with 30 sales and an average price of $275,000.  Pricing peaked in 2007 at $278,000 with 25 sales and then fell to 16 sales at an average price of $268,000 in 2008.  In 2009, we have seen an increase with only four completed sales at an average price of $305,000.  All these properties were in great move-in condition.

Today there are an additional 8 properties on the market at an average of $272,000 list and 2 properties under contract with an average list price of $266,000.  Based on these numbers, we should see the average sales price coming down.

So again, welcome to the Ardmore station.  This is a convenient local suburban Philadelphia commuter station providing easy access to the additional connections both through Norristown and the 69th Street Terminal heading toward Philadelphia.  The station is within walking distance to a wide array of housing choices.  As always, feel free to contact me anytime with questions, topics, or concerns.

(All statistics from the TrendMLS System are believed accurate but not guaranteed.)

MarpleWoods and Haverford Hill – Condos & Town Homes in Delaware County PA

April 8, 2009

(Be sure to check out the Haverford Hill update)

If you want to live outside the city but still crave the convenience of condo and town home living, you have a wide variety of options throughout Delaware County.  The area contains a diverse collection of condominiums ranging from the east with traditional properties such as the Contemporary Village in Glenolden and the Wildman Arms in Lansdowne to the more recent additions to the north and west such as Green Countrie Village in Newtown Square  and Runnymeade Farms in Edgmont Township.

With most of the communities under common maintenance, they allow the owners the flexibilty to come and go as they please knowing that their properties will be well tended.  Haverford Hill Condominiums Havertown PAMany owners also look for easy access to primary transportation links.  Two communities that are centrally located in the county close to major county crossroads are the Haverford Hill Condomiums and the townhomes in the adjacent communities of MarpleWoods and San Francisco East.

The Haverford Hills Condominiums are located just east of the intersection of I-476 (The Blue Route) and the West Chester Pike on Glendale Road in Havertown, Haverford Township.  They include over 250 one, two, and three bedroom units in several traditional buildings.  Haverford Hill Condo Entrance Havertown PennsylvaniaThis location affords easy commuting options both locally as well as into much of the Main Line, east and west along West Chester Pike, and to points ouside the immediate area using The Blue Route.

In Haverford Hills, the pricing has remained fairly solid over the last several years with the two bedroom units rising from an average price of $149,000 in 2005 with 18 sales to $162,000 in 2007(14 sales) and $163,000 in 2008(9 sales).  In the last six months 3 units have settled with an average price of $162,000 and an additional eight are currently on the market for  an average list price of $174,000.  The average price will be coming down as there is currently one unit pending with a list price of $149,000.

MarpleWoods Entrance Marple Township PAOne exit to the south on the Blue Route (I-476) at the Route 1 intersection in Marple Township, you can take advantage of the adjacent communities of Marple Woods and San Francisco East located just to the west of the freeway.  Located at the top of a hill north of Old State Rd, these communities contain over 200 town homes in a nice private environment.  This location provides you with easy access to much of the area by both Route 1 (which becomes Township Line Rd and then City Ave as you head further north and becomes Baltimore Pike to the south) and I-476.  You are also just minutes from Route I-95 and the airport.

San Francisco East Condominiums Marple Springfield PAWith a nice mix of mostly two bedroom units in both communities, the average sales price has remained between $203,000 and $207,000 from 2005 through 2008.  In the last six months, there has only been one sale for $190,000 and it appears prices are also heading down here with the current list prices averaging $205,000.  This mirrors what we have been seeing in many communities in the county.

These are just two of the many options in the area.  If you want to take advantage of suburban Philadelphia living but still want the convenience of condominium or townhome living, you have a wide variety from which to choose.

If you have any questions or would like to investage further, feel free to contact me anytime.

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

Penfield Station – SEPTA Rt 100 High Speed Line

January 26, 2009

SEPTA High Speed Line Penfield Station Havertown

Welcome to the Penfield Station on SEPTA‘s Route 100 High Speed Line connecting the 69th Street Terminal and the Norristown Transportation Center.

Penfield Station is actually the third station west of the 69th Street Terminal.   Located in the northeast section of Delaware County on the eastern edge of Haverford Township, this station is a convenient stop for commuters generally from the Penfield section of Havertown and the Penn Wynne section of Montgomery County.

This is one of the smaller stations on the line and has very limited parking.  It is an ideal local commuter station allowing the residents immediate access with minimal driving. All rail stops are on a requested basis right at the platform. The eastbound platform is adjacent to a small lot with some parking but plenty of space for dropping off or picking up passengers.

The surrounding area is primarily residential single family homes with some twins.  The average sale price for homes in Penfield for the last year was $366,000 and there is currently one active listing. Just to the north in Penn Wynne, the average sale price for the last year was $328,000 but this reduced price reflects a much greater concentration of twins in the area.

As always, should you have any questions, do not hesitate to contact me.

(All information from TrendMLS system and believed accurate but not guaranteed)

Revitalization Resources Now Available in PA

January 23, 2009

Are you concerned about development in Suburban Philadelphia?  Worried about revitalization of a commercial area?  Looking at the impacts on the surrounding residential areas? Are you thinking of starting a business?  Considering a move into the state and need to know what resources are available?

Last night, State Rep Greg Vitali hosted a free public Business District Revitalization Workshop at theManoa Elementary School Havertown PA New Manoa Elementary School in Havertown for anyone interested in improving and revitalizing the local business districts.  In addition to brief introductions by various elected officials, the presentations included five representatives from various organizations which covered the spectrum of resources available for communities and individuals for both private and public improvements.

In order of the speakers, we heard:
Toni Crawford-Major Regional Director Commonwealth of PA
NewPA – State of Innovation – www.newpa.com/index.aspx
Julie FitzpatrickSpcl Projects Coordinator – PA Downtown Ctr
Pennsylvania Downtown Center – www.padowntown.org/
Laura Goodrich Director of Marketing – DE County Commerce Ctr
Delaware County Commerce Center – www.delcopa.org/
John Fleming Lead Business Development Specialist – SBA
SBA – Phl- www.sba.gov/localresources/district/pa/phil/index.html
Glenn McAllister Director – Widener Small Bus Development Ctr
Widener University Small Bus Dev Center – www.widenersbdc.org/

The above individuals highlighted the wide variety of sources of help and funding for many business, residential, and commercial enterprises.  The organizations demonstrated the importance and wealth of support provided by the State of Pennsylvania to its citizens to improve both the business and residential environment in the state.  The above can be used throughout Delaware County and Chester County.

If you have any questions or need any additional information, I would encourage you to check out the above web sites and contact them with additional questions and to identify the appropriate contacts for your projects. 

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