Archive for the ‘Media’ Category

Middletown Township Media PA Homes Update

July 12, 2014

Middletown Township should continue to be a popular local housing choice with a wide variety of housing options, great amenities, and easy access to all the area has to offer.

Middletown Media PA HomesMiddletown Township Media PAFounded in 1686, Middletown Township is located just west of Media Borough in central western Delaware County PA. Penn State has a satellite campus off Route 352 toward the north of the township with the Tyler Arboretum and part of Ridley Creek State Park also to the north. The commercial/entertainment area is centered in Lima around the Granite Run Mall . The Elwyn Institute is located to the east and the original Franklin Mint Property which will anchor the redevelopment in the area is located to the west. Chester Creek forms most of the southern boundary of the township.

Elwyn PA SEPTA Regional Rail StationElwyn PA SEPTA Regional Rail StationMiddletown is conveniently located with Route 1 running basically east -west through the center of the township offering easy access throughout Delaware County and a quick connection to the Blue Route, I-476, to the east. Route 452 runs directly south from Route 1 at the Granite Run Mall heading towards I-95. Route 352 traverses the township from the southeast toward Chester to the northwest into West Chester and Chester County. Baltimore Pike takes you directly into downtown Media. The Elwyn SEPTA Regional Rail station is also located adjacent to Elwyn providing direct rail access to Media and downtown Philadelphia.

Middletown PA Friends Meeting HouseWith a long history, Middletown covers a wide range of Middletown Township PA Friends Meeting 1836housing options from historic early homes, to condos, townhomes, and a wide variety of single family properties. Riddlewood is one of the larger single family developments just off Route 1 and Route 452. Over the last decade, there has been quite a bit of new infill construction. In addition, redevelopment of the Franklin Mint site should contain a wide mix of housing and commercial options.

The Middletown Township home sales activity and home prices have held up much better locally than seen in many other areas of the county. Home sales activity peaked in the 2003-2006 time frame with 154-174 home sales per year. This fell to a low of 104 -113 home sales per year between 2008 and 2011 but recovered to 124 sales in 2012, 157 in 2013, and 68 in 2014 year to date.

Middletown Media PA HomesMiddletown Media PA HomesThe average home price peaked in 2007 with an average sales price of $387,000. Prices ranged from $1,500,000 to $80,000. In 2011, the average sales price reached a low of $327,000. Since 2011, the average price has tracked the increase in sales with the average increasing to $329,000 in 2012, $341,000 in 2013, and $363,000 so far in 2014. In addition, there are currently 63 homes on the market with an average list price of $423,000 and 25 properties are currently under contract but not settled with an average asking price of $336,000.

With its central location, shopping around Granite Run Mall, educational opportunities, and direct access to the amenities of Media, Middletown Township should continue to be a popular housing choice with expected strong stable pricing. The local economy should continue to benefit from both the local redevelopment as well as the recovering economy throughout the region.

 

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)

Riddlewood Home Sale Market Report – Media PA 19063

March 28, 2013

Riddlewood continues to be one of the most popular and stable communities in the Media 19063 area.

IMG_0639Originally developed in the 1950’s, Riddlewood is named after the former property owner and racehorse owner Samuel D Riddle. The Riddle family operated a mill in the area and Glen Riddle was named by his father. He was an avid and successful horseman with large horse farms in Maryland and Kentucky. Most of the streets within the community were named for his most successful race horses. On his death he donated 72 acres of land and $2.5 million to provide a hospital to the Media PA community – today’s Riddle Memorial Hospital which is located on the south side of Baltimore Pike across from the Granite Run Mall and adjacent to Riddlewood.

The 218 acre site of Riddlewood was obtained from the Riddle estate and developed by the Arters Brothers and architect George Hay. IMG_0636Construction on the site began as early as 1950, but the tax records show that the bulk of the residential construction was finished between 1954 and 1956. Some homes continued to be finished through 1960. The development sits on the east side of Route 452 (South Pennell Rd) on the south side of Baltimore Pike / Route 1 across from the Granite Run Mall. This spot affords easy access to most of Delaware County as well as the Philadelphia Airport, Philadelphia, and Wilmington DE.

Today there are over 290 homes in the community ranging in size from under 1000 sqft to almost 3000 sqft. Homes varied from 2 to 5 bedrooms, but most were 3 bedroom properties in various styles including ranches/ranchettes, split level homes, and capes. They were most commonly about 1500 sqft. There were a wide variety of lot sizes based on the layout and terrain but the most common were just under 1/2 acre at about 20,000 sqft. Riddlewod PA HomesThe Riddlewood Swim Club was developed on 10 acres along the southern portion of the site and opened in 1957.

Like most communities in the area, Riddlewood saw increasing home sales activity and prices through 2007, Average sales prices rose from less than $200,000 in 2001 to a top average price of $341,000 in 2007 with 12 sales. Since then prices have eased but generally have remained much more stable than seen in many area communities. Average yearly Riddlewood prices have fluctuated between a low of $275,000 in 2011 to a high of $320,000 in 2009. Last year, 2012, there were 7 home sales with an average sales price of $295,000 and individual sales prices ranging from $223,000 to $335,000. This year, there has been one home sale for $270,000, three properties are under contract listed for an average of $314,000, and there are three properties currently available with an average asking price of $294,000.

With its great location, relatively stable pricing, low turnover, spacious lots, variety of housing, and great ammenities, Riddlewood should remain a top choice in the area for years to come. Should you need any additional information, please do not hesitate to contact me.

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

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

Rose Tree Estates Home Sale Market Report – Upper Providence Media PA

March 12, 2013

In Media PA, Rose Tree Estates continues to be a popular home choice with prices stabilizing below their peak.

Rose Tree Estates Media PAJust off State Rd south of the Media ByPass in Upper Providence Township, Rose Tree Estates is a conveniently located newer Toll Brothers built community. Per the tax records, construction began in 1993 and continued through 1998. The community today has just over 90 homes on approximatley 1/3 acre lots. Most properties are 4 bedroom Colonials with a few larger 5 bedroom properties. Square footage ranges from just under 3000 sqft to over 5000 sqft with most homes close to 4000 sqft.

This location affords immediate access to Route 1 / the Media Bypass, and is just one exit west of the Blue Route, I-476 and one exit east of Route 252. Downtown Media is just a few minutes away directly down State Rd. Rose Tree Estates PA HomesThese roads provide easy commutes throughout Delaware County and great connections to the Philadelphia Airport, West Chester, Wilmington DE, and downtown Philadelphia. SEPTA serves Media with bus, trolley service, and regional rail providing access throughout the county and into Philadelphia. You also have multiple eating and entertainment options both in Media and the surrounding areas.

From an average price below $500,000 in 2002, average Rose Tree Estates home prices rose to over $700,000 in 2004. From 2005 through 2007, the average home sale prices stabilized between $700,000 and $750,000 with 3 or 4 home sales per year. Individual prices ranged from $659,000 to a high of $799,000. In 2008/2009 average prices fell to $628,000 and $630,000 with 3 sales each year. Prices hit a low in 2010 with one sale for $455,000.

Rose Tree Estates Toll Brothers Media PAIn 2011, average prices bounced back with 3 sales averaging $656,000. In 2012, Rose Tree estate prices eased again with two sales averaging $556,000. In 2013 year to date there have been no sales in the community and there is currently only one property on the market with an asking price of $599,000 (4BR/3.5BA with just over 3,000 sqft)

With its ideal location, easy access, newer construction, and reasonable pricing, Rose Tree Estates should continue to be a popular home option for anyone looking for a home in the lower Delaware County, Upper Providence, or Media areas.

As always, if you have any questions or are looking to buy or sell in Rose Tree Estates, Media, or the surrounding areas, do not hesitate to contact me anytime. For immediate access to all the currently active listings in the area feel free to visit SearchMediaHomes.com

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

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

Delaware County PA Home Sales Activity Update

March 1, 2013

Initial 2013 Delaware County PA home sales activity indicates a stronger area market.

It usually takes another week or so to have the accurate home sales statistics but the initial numbers indicate a stronger 2013.

Through February for all Delaware County we are seeing:

Active Listings On the Market: 2894 homes (down 23% from 2012)
Homes Under Contract: 724 homes ( up 9% from 2012)
Homes Sold Year to Date: 478 homes (up 18% from 2012)

Media PA Lawyers Row Offices

After several years of a relaxed market, we are finally seeing some stronger signs of activity. Listings are declining both here and in surrounding counties***. Homes under contract are rising nicely and sales are following. This bodes well for pricing and sales as we enter the next two months which are traditionally the most active months for both new listings and homes going under contract. (Settlements usually peak in June and August)

These numbers will be updated once we have the final month end sales figures and pricing through February. For all the current Delaware County Listings feel free to search SearchMediaHomes.com .

*** The above compares to activity in Chester County:
Active: 2700 (-18%)
Under Contract: 817 (+25%)
Sold: 579 (+8%)

and activity in New Castle County Delaware:
Active: 2089 (-23%)
Under Contract: 838 (+7%)
Sold: 601 (0%)

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

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

Upcoming Delaware County Household Hazardous Waste Events

September 13, 2011

The next Delaware County Household Hazardous Waste Event is this Thursday, September 15.

Delaware County Hazardous Waste EventJust a quick reminder that the last two Delaware County Household Hazardous Waste program events are just around the corner.

This Thursday, September 15, the county will be holding an event at Rose Tree Park on Route 252 just north of Route 1 (1521 N Providence Rd). Then the final event for the county will be held on Saturday, October 15 at the Upper Chichester Township Municipal Building at 8500 Furey Rd. Both events will run from 9:00 to 3:00, and they will both be accepting computers, printers, faxes, and portable televisions.

It’s a great chance to clean up and clear out.

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


Media PA Real Estate Market More Balanced

January 25, 2011

Media continues to exhibit a more balanced real estate market than seen in many areas of Delaware County PA.

Media PA Delaware CountyAs the county seat of Delaware County, Media has continued to be a popular housing choice in the area. It’s location adjacent to the Blue Route (Route 476) and Route 1 makes it easily accessible to all areas of the county and an easy commute to Philadelphia, Wilmington, and surrounding areas.  It also has great rail connections directly to Philadelphia and is just minutes down I-95 from the Philadelphia International Airport.

Unlike many communities in the county, for the most part, the Media real estate market has been able to maintain both its pricing and activity through the last several years.

Media PA Homes

The average home price first breached the $250,000 level in 2005 when the average home sales price rose to $255,000 with 58 sales.  Since that time prices have remained fairly stable with average prices in 2006 = $266,000 with 57 sales, 2007 = $328,000 with 66 sales, 2008 = $270,000 with 57 sales, 2009 = $265,000 with 59 sales, and 2010 = $248,000 with 53 sales.

The home price spike in 2007 can largely be explained by looking at the highest sales prices for each year.  In 2005 there was only one home sold in Media on the MLS listed for greater than $500,000.  In 2006 there were two home sales at this level, while in 2007 this spiked to 8 properties sold at prices between $500,000 and $780,000.  The activity then dropped to 4 sales in 2008, 1 in 2009, and none in 2010.

Media PA Real EstateIn Media today, there are 26 properties currently active on the market with an average sales price of $409,000 and 3 properties under contract with an average list price of $336,000 (2 properties have settled in 2011 for $258,000).  Although the active housing inventory is reasonable representing just half of last year’s sales, the asking prices seem a bit hefty with 7 of those active properties currently having list prices above the $500,000 level.  The current pending and sold prices would indicate that activity continues to be concentrated at lower price points but a strong spring market may be enough to generate sales above this level.

As seen for the last few years, Media should continue to see a strong and stable market as we progress through 2011.

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

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

 

Local Finds: Pennsylvania Veterans Museum – Media PA

August 20, 2009

Now is a great time to take advantage of the remaining days of summer to visit the Pennsylvania Veterans Museum in Media PA.

Pennsylvania Veterans Museum Media PAAs the summer days grow shorter and families begin to look toward school and all the fall activities, there is still time to take advantage of the remaining days to enjoy some of the local attractions.  This becomes even better when the admission is free.

One of the newest museums in our area is the Pennsylvania Veterans Museum in Media PA found on the lower level of the old Media Armory below Trader Joes in Media PA. D Day Pennsylvania Veterans Museum Media PA Opened on Veteran’s Day 2005, the Pennsylvania Veterans Museum has quickly expanded and developed its collections. “The Pennsylvania Veterans Museum is a nonprofit organization dedicated to preserving, protecting, and promoting the legacy and dignity of all veterans of the U.S. military.”

It has great displays covering different aspects of the conflicts in World War II, the Korean War, and Vietnam.  The museum is filled with exhibits, artifacts, dioramas, and first-hand accounts of the battles and events through the wars. Korean War Pennsylvania Veterans Museum Media PA The displays include special sections on the Tuskegee Airmen and the role women have played during the wars.  Three weeks ago, they opened a new diorama on the Korean War.

When I visited, they were several veterans on hand to answer all questions and provide in-depth descriptions of the articles on display.  Many of the items have been donated by local veterans who are still very much involved in the museum.  The museum also works closely with local veteran’s groups as they plan and attend reunions and gatherings throughout the area.  When visiting, be sure to save some time to view their educational filmsDisplays Pennsylvania Veterans Museum Media PAIn their “Ruptured Duck Theater“, they have half dozen films available ranging from the history of World War II to pieces on the “Women in the Military” and “The American Humanitarian Effort” during Vietnam.

This is a smaller museum packed with informative, thought-provoking displays that are perfect educational tools.  This is a great break from the summer heat.  The Pennsylvania Veterans Museum is open Thursday through Sunday from 12:00 to 5:00 and special tours are available.

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

SEPTA Travel Update – Philadelphia PA Area

July 27, 2009

Just a couple of quick SEPTA Update points for residents and those planning a visit to the region:

SEPTA Train Delaware County PAIf you are going to be in the area for just a brief period but plan on depending on public transit, SEPTA has now added three options: the One Day Independence Pass, the Family One Day Independence Pass, and the One Day Convenience Pass.  The primary differences between the Convenience Pass and the Independence Pass are that the Convenience Passes can not be used on the regional Rail Lines and are limited to only 8 trips.  The Independence Pass only places limits on the regional Rail Line travel prior to 9:30 AM.

If you only need easy transportation options while visiting for a short time, these allow more flexibility then the traditional Weekend Passes or weekly TransPass and TrailPass.  For all the options and costs, be sure to check the SEPTA site.

Also be aware that SEPTA is now beginning the projects approved under the American Recovery and Reinvestment Act.  SEPTA Logo PAFunding has been approved and awarded for various projects across the region.  The complete project list covers everything from Station Renovations to basic Right of Way and Yard work.  Many of theses projects have been discussed in a recent article from the Delaware County Sunday Times.  A key change to note is the upcoming closure of the Route 101 and Route 102 trolley lines for up to a year as the entire line is upgraded.

SEPTA continues to provide many transportation options throughout the Philadelphia area to serve the needs of the local residents.  With these changes both to fares and the physical system, this service should be in better shape for years to come with improved equipment and service.

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

Media PA 101 Trolley SEPTA Orange St Stop

April 16, 2009

Media PA 101 TrolleyWell, today we’re at the end of the 101 Trolley line in Media PA Delaware County.  The SEPTA 101 Trolley runs from 69th Street Terminal Station out to just west of Orange Street on State Street in downtown Media.  The final stop is just two blocks north of Baltimore Av/Baltimore Pike and two blocks from the County Courthouse.

Any of the downtown Media trolley stops are convenient for commuters coming into the borough.  State Street itself is lined with commercial activity, restaurants, and other entertainment.  The surrounding area is filled with professional offices, the Delaware County Courthouse, and supporting economic activity.  Although there is no dedicated SEPTA parking in the area, the trolley stop is within easy walking distance to many residential areas and offers convenient access to other local Delaware County communities to the east as well as links to Philadelphia itself.

As far as homes in the area, the market has remained mixed.  Media has a wide range of housing from small apartments, to condos, town-homes, twins, single family homes, and small estates.  This diversity is what makes the borough a prime attraction for many residents, but it also somewhat limits overall generalizations as far as pricing.   As you have seen in many other areas, prices appear to have peaked in 2007 with the average sales price for residential properties reaching $328,000 with 66 sales.  Since then we have seen prices pull back to an average of  $270,000 with 57 sales in 2008, to $235,000 in the last six months, and finally $225,000 in 2009 with 10 sales settled to date.  On the surface this looks dramatic but appears more of a switch in the mix of sales rather than a major price decline.  Today, we still have an additional 7 properties under contract with an average list price of $331,000 and 28 additional properties on the market for an average asking price of $359,000.  Prices have certainly pulled back, but the market is too diverse to use the borough numbers exclusively.

So again, welcome to Media.  It’s a great suburban Philadelphia borough full of business, entertainment, and housing with easy rail accessibility by Trolley as shown here and by the regional rail system to be covered in the future.  Should you have any questions on the area or be thinking of making a move, please feel free to call anytime.