Posts Tagged ‘Delaware County Pennsylvania’

Aldan Pa Station – SEPTA 102 Trolley Line

March 23, 2009

Aldan PA SEPTA 102 TrolleyWelcome to Aldan Borough Pennsylvania

Today we are visiting the Aldan PA SEPTA 102 Trolley Line Station located in the center of Aldan at the intersection of Woodlawn Avenue and Providence Rd.  Aldan Bourough Pa is located just south of Clifton Heights, east of Upper Darby and Springfield, north of Collingdale and Sharon Hill, and generally west of Lansdowne and Darby.

The SEPTA 102 Line runs from the 69th Street Terminal to Sharon Hill.  This station is just two stops south of where it crosses the SEPTA R3 Regional Rail Line which runs from Center City out to Media/Elwyn.  This line runs down the center of Woodlawn Ave through the center of Aldan and does not have any designated parking although street parking is available.  There is some additional parking adjacent to the R3 Station.  With frequent service, this is a great local pick up point located adjacent to the Borough Hall and the Aldan Elementary School.  The video will provide some additional details:

In general, real estate pricing has held up here better than in many sections of the county.  After reaching a peak of 91 sales in 2004, sales volume has decreased across the board to 72 sales in 2005, 61 in 2006, 49 in 2007, 42 in 2008, and 18 in the last six months.  Despite this declining sales rate, prices have remained relatively solid until just recently.  In 2004 the average sales price was $158,000 which then jumped to $184,000 in 2005.  Since then, there has been very little movement with prices averaging $188,000 in 2006, $189,000 in 2007, $182,000 in 2008, and $186,000 for the last six months.  Currently, there are an additional 32 homes on the market with an average list price of $185,000 and seven pending sales with an average list price of $158,000.  When these properties settle, we will see the average sales price going down a bit further.

So compared to many communities in the area, Aldan has proven to be one of the more stable areas.  The Borough remains popular with easy access to both the R3 Regional Rail and the SEPTA 102 Trolley providing quick access to Center City Philadelphia and the surrounding local communities. 

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

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

Darby Borough PA – Settlement in the Foundation

February 20, 2009

Darby Borough has been one of the most stable real estate locations in Suburban Philadelphia and Delaware County.  It is also one of the least expensive areas often appealing to a wide variety of home buyers as well as to investors looking for solid investments.  With this steady demand and support, the prices in the area have remained almost flat for the last several years.

The Darby Free Library Needs Your Support!

Darby has a long history and has always seen demand for its housing due to its convenient location adjacent to Philadelphia and close to the Philadelphia International Airport.  Over the years though, its housing has not kept pace with some of the current trends.  Row homes remain the most common housing, but there has been a lack of new investment resulting in much new growth and development moving further west through the county.  This has worked out well with Darby being able to avoid the wide price variations seen in other Delaware County locations, and prices have remained remarkably stable until recently.

This stability may be coming to an end as prices seem to be settling quite rapidly.  In 2005, the average sales price was $61,000. In 2006, 2007, and 2008, the average sales price rose and stayed between $68,000 and $69,000.  Only in the last six months have we seen prices begin to pull back to an average price of $61,000.  In addition, the average list price of those homes currently under contract(13 homes) is only $54,000 anticipating a further decline in the average sales price.

Darby Borough PA Row Homes We have also seen a rather dramatic increase in the average days on the market (DOM) and corresponding decline in overall activity.  In 2005, there were 155 sales with the average DOM equal to 49, in 2006 there were 184 sales with 56 DOM, in 2007: 156 sales with 57 DOM, in 2008: 99 sales with 73 DOM, and the last six months saw 31 sales with 81 DOM.  Finally, today there are 78 homes still on the market with an average list price of $76,000 and 131 DOM.  Although activity has increased since the October stall, there is still potentially a years worth of inventory on the market.

Bottom Line: This could be a warning sign for Darby and the rest of Delaware County.  As higher end sales prices have drifted down over the last couple years, we have continued to see strong continuous demand supporting the bottom of the market and putting a floor under these prices.  Should this drop continue, we could experience another step down across the county.  The inability of this administration to generate any confidence in the financial markets is beginning to show up dramatically at the local level and could be a warning sign for additional problems ahead.

(All statistics from the TrendMLS system and believed accurate but not guaranteed.)

Gardening Resources in Suburban Philadelphia

February 18, 2009

Summer SkySpring is on its way and now is the time to plan and prepare for the new season. Whether it is for your garden, yard, or another property, there are many resources at your fingertips in Delaware County PA.  If you are considering a sale of your property this year, this is an incredibly important but often overlooked step in preparing your home.

The Delaware County Penn State Cooperative Extension offers many resources at no or minimal cost. The extension office is located off Paper Mill Road just east of the Blue Route at the Baltimore Pike exit in Springfield. The main office is in the original Lewis House but there is also an adjacent newer Environmental Center to the left of the parking lot.

The Delaware County office has adapted the traditional agricultural extension programs to serve the suburban/urban residents of the county. Their primary areas of focus include the 4-H/Youth Development Programs, Family Living & Child Care Professional Development, Home Horticulture & Urban Gardening, and Agrilculture/Commercial Horticulture Programs. “The Delaware County Penn State Cooperative Extension is dedicated to providing research based information to help individuals and families in solving everyday practices”.

Spring FlowersSome of the most useful information can be found through the Penn State Master Gardeners of Delaware County  program. If you have any questions, free home gardening advice is available through their volunteers. They are available in the extension office from 9-12 Tuesday and Thursday mornings during growing seasons and Tuesday mornings during the rest of the year and can be reached on their “Hort Line”: 610-690-2671 or email: delawareMG@psu.edu. In addition, they have their Home Gardeners’ School in April and a continuing series of Gardening Talks (next talk on March 14 on Hostas) on the second Saturday of each month for a small fee at the Environmental Center.

Another important program for kids is the 4-H Clubs. These include Agriculture Clubs, Veterinary Science Club, Horsemanship Classes, the Teen Council, and several additional programs. Some clubs are neighborhood or community centered groups but they also have access to the 4-H Farm and Educational Center at the Garrett Williamson Foundation on Bishop Hollow Road in Newtown Square.

You can also receive training and information through the Pennsylvania Horticultural Society. In addition to their world class Garden Show, they have many additional programs throughout the city and region. Two that are applicable to Delaware County residents would be their Garden Tenders and Tree Tenders classes. The Garden Tender Courses are taught downtown, but the Tree Tenders hold classes in Philadelphia as well as the four adjacent counties.

There are additional resources available throughout Suburban Philadelphia from local schools, colleges, and retail businesses that you may also want to consider. To fully enjoy your property, prepare now and you can enjoy the fruits of your labors all summer long. If you are considering a move, this is one of the best things you can do to “stage” the exterior of your property in preparation to putting it on the market.