Archive for the ‘Villanova’ Category

Villanova PA Station of the SEPTA Rt 100 High Speed Rail Line

July 20, 2009

Villanova PA SEPTA Rt 100 High Speed Line StationTraveling from the 69th Street Terminal to Norristown, the SEPTA Route 100 High Speed Line passes much of the Main Line.   This is a brief overview of the Villanova PA SEPTA Station.

The station is conveniently located just south of Lancaster Avenue across from the main section of the Villanova campus.  It provides easy access by foot or automobile to much of the campus.  The next stop to the east is the Stadium stop and is the preferred station for sporting events.  The station also has parking available on both sides of the track and provides plenty of additional space for dropping off or picking up passengers.

To the south of the tracks is a nice residential area of mostly single family homes.  This is a very expensive area with the most expensive current listing in Delaware County located just a short drive down Ithan Avenue.  Villanova is also the closest station to the east of the Blue Route, I-476.  The video will provide a better feel for the immediate area:

Real estate is high in the immediate area, but the average can be greatly affected by a few large dollar sales.  Activity has remained fairly constant recently ranging from 23 sales in 2003, to 26 in 2004, then 20 or 21 for 2005 thru 2008.  So far this year, there have been 8 completed sales with 2 more currently under contract.  There are an additional 8 currently on the market with an average list price of $2,333,000.

The average sales price has seen more volatility.  Prices averaged $658,000 in 2003, rose to $705,000 in 2004, then $850,000 in 2005, $828,000 in 2006, $916,000 in 2007, and then fell to $718,000 in 2008.  This has once again risen to $913,000 in 2009.  In the immediate area, the highest dollar sale recently occurred in 2007 at $2,775,000 but this could be surpassed soon  since 2 homes are currently listed well in excess of this amount with one at $4,199,000 and a second at $9,500,000.

Villanova PA is a popular, stable, and convenient area and is expected to remain this way.  This station is an easy and convenient stop both for the college and the local residents as they travel to and from the area.

As always, if you need any additional information, don’t hesitate to let me know.

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

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