Posts Tagged ‘Chester County PA’

Chester County PA Home Sales Update

July 3, 2017

For the first half of 2017, the Chester County housing market continues to strengthen and looks to remain strong through the balance of 2017.

As of July 1 throughout Chester County, there were 2,541 properies currently on the market, 1,271 homes under contract, and 3,421 homes had settled at an average sales price of app $368,000.

Chester County Visitor Center Longwood PAThis compares to July 1, 2016 when there were 2,858 active properties, 1,323 under contract, and 3,147 properties had sold with an average sales price of $356,000. This indicates a 12% drop in inventory, an 8% rise in sales, and a 3% rise in price in 2017.

For more perspective, if you go back 5 years to 2012 on July 1, there were 3,669 properties on the market, 867 under contract, and 2,452 had settled with an average sales price of approximatley $327,000. Between 2012 and 2017, this shows a 31% drop in inventory, a 46% rise in properties under contract and a whopping 39% increase in completed sales with a 12% rise in average prices.

These are all strong numbers but it must be remembered that this covers the entire county so individual areas have seen a much broader range of price changes and activity, both good and bad. Just a quick update of the raw numbers as we head into the second half of the year.

I hope everyone is having a great year!

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

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


Willistown Knoll, Willistown Woods, and You

March 1, 2009

Sometimes the best location is just down the road a bit, but you just didn’t notice it.   Willistown Knoll, Willistown Woods, and Worington Commons are centrally located but still provide the feel and immediate access of Chester County and Delaware County country living.  

These back to back communities located in the southwest corner of Willistown Township offer an incredibly convenient location.  They are adjacent to the West Chester Pike  just west of its intersection with Route 926 along the Delaware County / Chester County border. Willistown Woods Willistown Township Pennsylvania This location in southwest Willistown Township provides direct access to West Chester just minutes to the west, to Delaware via Route 926/Street Rd and then 202 south, Southern Delaware County and Media by Route 352, and to Newtown Square, the Blue Route, and all points east on West Chester Pike.

Willistown Woods was the original development built in the early 80’s with over 200 units.  These townhomes located off West Chester Pike have always been a popular option.  Pricing is very reasonable and prices have drifted down recently making them even more affordable.  Eight units sold in 2008 for an average sold price of $253,000.  This was down about 6% from the average in 2007 and over 8% from their peak.  There are currently two units on the market starting at $242,000.

worngtrhsboardJust off the entrance to Willistown Woods is Worington Commons.  This is a smaller, less expensive alternative to its neighbor up the hill built in the late 80s.  The community  of about 60 units had only one sale in 2008 for $211,000 and there are currently two units on the market starting at $210,000.  This pricing is in line with the last couple years as the pricing has remained in the $205-$210 range since 2005.

willisknollsAbutting Willistown Woods over the crest of the hill is Willistown Knoll with its entrance off Route 926 / Street Rd.  This community was also built in the late 80s.  The homes here tend to be more spacious and the community boasts more common ground and a more open flow resulting in an higher average sales price of $309,000 in 2008 (10 units sold).  This is actually up just slight from sales average between $297 and $301,000 from 2005-2007.  There is currently only one home on the market for $318,900.

All three communties offer a great opportunity to own a home that is within easy commuting distance of most of the major population and work centers in the region while still retaining some of the original Chester County country feel that surrounded them when they were originally built.  They remain a great choice.

( All statistics fromt the TrendMLS system are believed accurate but not guaranteed.)