Archive for the ‘Middletown’ 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)

It’s The Season – Delco Cruisers Take Media

July 12, 2009

Cadillac Hood Ornament Delco Cruisers Media PAWell, it’s that time of year again where the living is easy, the cars are ready to roll, and it’s time to get out and cruise….

The local Media PA businesses and the Delco Cruisers held their annual Downtown Media Car Show and Antiques Day in Media this Sunday.  Six blocks of the downtown area were roped off for the car show and adjacent antique show with many of the local vendors setting up retail booths with food and music.Delco Cruisers Delaware County PA July 2009

Their next large planned event is the Delco Cruisers’ 3rd Annual Mega Car Show to support Riddle Memorial Hospital and its patient assistance programs.  The show will be held on the hospital grounds at 1068 West Baltimore Pike in Media PA on Saturday July 25th from 10-3 (Rain Date is Sunday July 26)  Registration opens at 8:00 am and trophies will be rewarded for the “Top 25” Cars of People’s Choice Judging.

Delco Cruisers & Antiques Day Media PA July 2009

The Delco Cruisers are a fairly new club in the area having just been formed in 2007 to satisfy “the need for a “cruiser” car club in Delaware County”.  They are an all inclusive family oriented car club without restriction to year or make of vehicle.  They are also working to build strong relationships with other area car clubs and and seek to work with local charitable organizations to support their causes.

Delco Cruisers Media PA July 2009

Be sure to save the date to see hundreds of classic cars, hot rods, custom, and muscle cars and help the DELCO Cruisers support the programs at Riddle Memorial Hospital on the 25th.  Another great local event.

The Last Stop – Elwyn SEPTA R3 Regional Rail Station Middletown Township PA

June 14, 2009

SEPTA Elwyn Station R3 Regional Rail Middletown Twp PAWelcome to the Elwyn R3 SEPTA Regional Rail Station – the last stop on the R3 line.

The SEPTA R3 Regional Rail Line provides service from Center City Philadelphia through Media to the Elwyn station.  Although this line originally ran to West Chester, service beyond Elwyn was suspended in 1986.  Today plans are under way to restore SEPTA service to the WAWA station as early as 2011.

The Elwyn Station is located in eastern Middletown Township and is the only Middletown Regional Rail stop.  The station itself is adjacent to the Elwyn’s 400 acre campus just east of Middletown Rd on Elwyn Avenue.  It is a popular commuter station with over 200 parking spaces and plenty of space for dropping off and picking up passengers.  The video will provide a better feel for the area:

Middletown Township was one of the first places in the county to feel the surge of real estate activity in the early 2000’s.  Earlier than most areas, sales activity actually peaked here in 2003 with 174 sales and remained high with 157 sales in 2004 and 167 sales in 2005.  Since then activity has fallen quite a bit to 154 units in 2006, 143 in 2007, 109 in 2008 and to only 34 year-to-date in 2009.  There are an additional 27 properties currently under contract.

In that same period, average sales prices rose from $326,000 in 2003 to top out at $387,000 in 2007.  This average then fell to $361,000 in 2008 and to an average of only $299,000 so far this year.  The average is expected should rise as additional pending homes settle – they currently have an average list price of $433,000.  Today, there are an additional 74 homes on the market with an average asking price of $551,000.

Due to its central location, easy road access, and commuter rail options, Middletown Township should remain as one of the more popular areas to reside in the county.  It is also home to some potential major new development as the Franklin Mint site continues through the redevelopment process.

As always, if you are considering a move in the area, have any questions, or need any additional information, please feel free to contact me anytime.