Archive for the ‘Uncategorized’ Category

Thornbury Township Chester County PA Home Sales Update

July 10, 2017

Thornbury Township in Chester County PA continues to have solid home sales with rising prices.

IMG_20170710_095605Founded in 1687,  Thornbury Township in Chester County has been a mainly rural area until recently with new residential development throughout the township. Unlike many local townships in Chester and Delaware Counties in Pennsylvania, Thornbury Township has not followed the general up and down home sale pricing trends seen throughout the area. Average prices have varied on a yearly basis not only on the overall market direction but also on the mix of properties sold. This may be changing.

 

Average prices have varied on a yearly basis but overall have managed to remain more stable than many local areas. This may be changing as prices look to move higher in 2017.

Between 2004 and 2016 the highest average sales price was $562,000 and the lowest average sales price was $442,000. These happened in adjacent years. In 2009, there were only 24 home sales at an average sales price of $544,000. Squire Cheney ParkIn 2010, sales recovered nicely to 37 sales but prices dropped to an average low of $442,000. Seeing the activity, prices rose to an overall average high of $562,000 in 2011 but sales dropped to a low of 22 sales for the year. Sales prices have remained in a range of $478,000 to $540,000 since and yearly sales have been between 31 and 44 sales per year.

Based on the numbers year to date in 2017, we may finally be in an uptrend. RedLionARCurrently there are 17 properties on the market with an average asking price of $616,000. Eight properties are under contract with an average list price of $601,000. There have also been 17 sales with an average sales price of $602,000 (96.79% of list price) with an average of 41 days on the market. If activity continues to be strong, average prices could reach a new high this year.

With its prime location on Route 926 and Route 202 providing easy access to West Chester, Wilmington, and all of Chester and Delaware Counties, Thornbury Townhip is well positioned to remain a popular housing choice for years to come. This should allow home sales activity and pricing to remain stable and strengthen going forward.

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)

 

 

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Happy July 4th!

July 5, 2017

Happy July 4th!

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A bit of a soggy mess to end a great day but it looks like it will be clear so the fireworks can go on… I hope everyone had a great holiday. Enjoy the rest of the summer. Have a Happy 4th!

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

 

Ridley Park PA – Home Prices Steady with Rising Activity

April 14, 2017

Home sales in Ridley Park Borough PA continue to rise while prices remain steady. 

In the 1870’s, the Philadelphia, Wilmington, and Baltimore railroad was developing a new line into Chester. IMG_20170413_145713They hired an architect and planned a new community to develop along the new rail line. Ridley Park was carved out of the center of Ridley Township as that new development in the 1870’s and was incorporated in 1887. Today, Ridley Park Borough is a great blend of stately old Victorians, newer single family homes, twins, condos, and apartments centered on a classic small downtown.

Since 2011, average home prices in the Borough have remained fairly constant. In 2011, the average price was $175,000. This rose to $192,000 in 2012, fell to $162,000 in 2013, then $172,000 in 2014, $182,000 in 2015, and $189,000 in 2016. The volume has been another story. There were 48 sales in 2011, rising to 49 in 2012, 60 in 2013, 79 in 2014, 90 in 2015, and 109 in 2016 – volume up 127% over the five years.

Today there are 20 homes on the market, 17 under contract, and there RidleyParkHomehave been 13 sales year to date. Settled prices have ranged from $70,000 to $230,000.

Ridley Park is mirroring what we have been seeing throughout southern Delaware County. Home sale activity has been increasing in most areas on a year to year basis but prices have not been following as aggressively. If activity continues to grow and the inventory of available homes for sale continues to shrink, we can expect to see stable or growing prices as we head for the future.

With its great location, classic downtown, wide range of housing options, and great transportation links, Ridley Park should remain a top choice in the area. This should lead to a continued stable to strong housing market.

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

 

Haverford Township PA Home Sales Update

April 12, 2017

Haverford Township continues to see solid home pricing with increasing sales activity.

Located in the northeastern part of Delaware County just to the west of the Blue Route (I-476), Haverford Township has been a very popular community along the Main Line for years. Haverford Township was first formed in 1684 from a portion of the original Welsh Tract grant of 1681. For decades it was a prime agricultural area with many mills and industry taking advantage of the local creeks. With the arrival of train and trolley lines, it has developed as a convenient suburb of Philadelphia offering quick access to the Blue Route, Philadelphia, Wilmington, The Philadelphia International Airport, and the Main Line.

On a relative basis, Haverford Township home sales pricing has remained steadier tOldHaverfordFriendsMeeting.jpghan much of Delaware County – avoiding the big drop and recovery seen in many areas of the county. Sales prices have remained within about a 10% range. In 2011, the average home sales price was $347,000. This dropped to $320,000 in 2012, then $328,000 in 2013, $337,000 in 2014, $359,000 in 2015, and $345,000 in 2016. Note that there is only a $2,000 difference in the average home sales price in 2011 to 2016. So far in 2017, the average sale price has been $357,000.

This fairly steady pricing may not last much longer. The number of homes listed per year has risen between 10 and 20% but the completed sales continue to rise more quickly. In 2011, there were 480 completed home sales. In 2012 there were 582 reported sales in the MLS, then 626 in 2013, 631 in 2014, 705 in 2015, and 943 in 2016. So far in 2017, there have been 138 completed sales with 162 additional properties currently under contract. The yearly numbers from 2011 to 2016 represent more than a 60% rise in completed sales. This has resulted in increasing price pressure (including increasing multiple offers) across the board which could begin to show up as rising prices as more homes settle over the next few months.

With a wide variety of housing choices, convenient location, stable to rising home sale pricing and sales activity, Haverford Township should remain a prime choice for homeowners for years to come.

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)

Happy July 4 2016!

July 4, 2016

Happy July 4, 2016!

I hope everyone is having a great year. Be sure to take some time off to relax and enjoy your friends and family this July 4th. Thanks to everyone and have a great holiday!

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

Remember to Vote in the Primary! Now!

April 26, 2016

Today is Primary Day in both Pennsylvania and Delaware. The polls will remain open in both states until 8:00 PM. Please be sure to make your vote count before you lose the opportunity!

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It continues to be a volatile year with many closely contested races in many areas. Many elections will be effectively decided with the results of the primary …. and it is a beautiful day to be out, see your friends, and vote.

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

 

Memorial Day 2015

May 25, 2015

Have a Great Memorial Day!

Marple Township Veterans Memorial Broomall PA 2015

Good Memorial Day to all. Welcome to the unofficial beginning of summer. It’s a great time to relax, reflect, and recharge as we head into the summer. It’s also a great time to move! Enjoy the weekend, friends, and family, and take time to remember all those who have made it possible.

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

Devon Fall Classic Begins Sept 12

September 11, 2013

From September 12 through September 15, the Devon Horse Show grounds will once again be hosting the Devon Fall Classic.

Devon Fall Classic PAThe Devon Fall Classic Equestrian Events begin at 9 AM on September 12 and run through Sunday. The Fall Festival Shops and Midway will be open from noon to 9 PM Thursday, 10 AM – 9:30 PM Friday and Saturday, and 10 AM to 5PM on Sunday. Devon Horse Show Grounds Devon PAThere will also be live music on Thursday and Friday evenings, and during the day on the weekend. Pony Rides will also be available on Saturday and Sunday.

Take the opportunity to enjoy the Horse Show, Shops, Midway, and events on what looks like a great late summer weekend. Enjoy!

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

 

OPEN HOUSE – This Sunday 12 – 2 @ 409 S Lynn Dr Wilmington DE 19809

August 24, 2013

OPEN HOUSE THIS SUNDAY 12-2
409 S Lynn Dr Wilmington DE 19809
Updated Bank Owned Property

This Sunday we will be holding 409 S Lynn Dr in Stonehaven Wilmington DE open from 12:00 – 2:00

Luna Open House

This is a nice single family home with 3 bedrooms and 2 baths. Stonehaven is located at the intersection of Marsh Rd and the Philadelphia Pike. From the intersection, the entrance to Stonehaven is the first right south or west of the intersection on the Philadelphia Pike heading toward Wilmington. This is Lynn Dr – simply continue on Lynn until you reach the property at 409 S Lynn on the right.

David Henke
Long & Foster Real Estate Inc – Bear, DE/Devon, PA
Office: 302-834-3431/Direct: 610-618-0808
www.DelawarePAHomes.com

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

Secrets of the Silk Road – Time is of the Essence

March 13, 2011

Only 3 days left to see the Secrets of the Silk Road Mummies at the University of Pennsylvania Museum of Archeaology and Anthroplogy.

The Secrets of the Silk Road Exhibition at the University of Penn Museum is currently on view through March 28th but the mummies will only be available through Tuesday March 15th.  The display includes 125 specially chosen objects providing a great overview of the history, lifestyles, and customs along the Silk Road.  All the items came from several archeolgical sites in the Tarim Basin, the center of the legendary route.

After Tuesday, it will be necessary to return the Mummies to China so the museum is offering extended hours through Tuesday to provide ample opportunity to see them before they are gone.  The remaining rarely seen items will be on display through March 28th.

Be sure to take some time, visit the museum, and see the exhibit before time runs out!

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