Posts Tagged ‘New Castle County DE Homes’

Delaware County PA and New Castle County PA Home Sales

August 24, 2019

As of this morning, the MLS shows that both New Castle County DE and Delaware County PA have closed exactly the same number of properties – 4,477 properties sold in each county year to date.

This also happened in June for Chester County and Delaware County so I thought this would be a good time for another quick sales update for Delaware County PA, Chester County PA, and New Castle County DE.

IMG_20190815_081857414_HDRDelaware County PA: Currently there are 1,451 properties on the market or coming soon, 857 properties pending, and 4,477 properties sold. This compares to 2018 with 1,736 on the market, 912 pending, and 4,635 sold. We are currently running about 3.5% behind last year in properties sold along with lower inventories and lower pending.

New Castle County DE: Currently there are 1,451 properties on the market or coming soon, 901 pending, and 4,477 sold. In 2018, there were 1,717 on the market, 967 pending, and 4732 sold. This puts us about 5% behind last year also with lower active listings and pending properties.

Chester County PA: Chester County is now the strongest area with 1,705 on the market, 1047 pending, and 4,571 sold year to date. In 2018, there were 2,083 on the market, 1,167 pending, and 4,808 sold. These numbers also put us about 5% behind last year.

Overall the market activity continues to show weakness throughout all three counties compared to 2018. On the other hand, we have gained versus the weak numbers we saw in June . With the continued volatility in the econmy, markets, and activity worldwide, the market could continue to exhibit some weakness through the remainder of the year.

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 Bright MLS System and believed accurate but not guaranteed)

Klair Estates Wilmington DE 19808 Home Market Update

August 11, 2013

Klair Estates home values and sales activity have continued to be stable recently.

Klair Estates Wilmington DE 19808Klair Estates is a nice single family home development of just over 300 properties developed in the 1950s. Located on the Kirkwood Highway on the south east corner of the intersection of Kirkwood Highway and Limestone Road (Route 2 and Route 7), Klair Estates is nicely located for anyone needing quick access throughout New Castle County. This prime location places it almost equidistant from Newark, New Castle, Hockessin, and Wilmington with quick access up Route 7 into Pennsylvania or south on Route 1 to the beaches. Just to the south, I-95 provides freeway access to Philadelphia and Baltimore.

Klair Estates was developed primarily in the 1950s with the earliest properties being completed in 1954 based on the tax records. These were primarily ranches along Shady Dr with approximately 1150-1700 sqft. Over the next few years building continued with a mix of ranches and split level properties primarily in the northern part of the development. Klair Estates Ranch Home Wilmington DEKlair Pl, Harris Pl, and Weir Circle saw construction beginning in 1955 and continuing from 1957 through 1959. By 1959, construction had also moved down to Sharon and Sandy Dr with primarily ranches in the 1700 sqft range. Overall construction began in 1954 and continued through 1965 with a mix of ranch and split level homes, mostly 3 bedroom, ranging from 1075 to over 2000 sqft.

As we have seen throughout New Castle County, Klair Estates has experienced a price pull back and rebound since the recession started in 2008. The average sales price peaked in 2006 when there were 9 sales with an average sales price of $230,000 and 28 days on the market. Klair Estates Split Level HomeThe prices stayed basically the same in 2007 and then dropped to $206,000 with 10 sales in 2008 and $181,000 with 9 sales in 2009. Average prices bottomed in 2010 with only 5 sales averaging $164,000.

Prices recovered to an average sales price of $183,000 in 2011, and have remained fairly stable at $175,000 with 5 sales in 2012 and $175,000 with 4 sales year to date in 2013. There are also 3 properties currently available for sale with an average asking price of $185,000 and individual prices ranging from $140,000 to $214,000 – about in line with the prices that we have seen over the last several years.

Going forward, Klair Estates home prices should continue to benefit from the increased sales activity and solid to rising home prices that we are seeing throughout the Pike Creek / mid county region. Be sure to include it on any search for homes in the area.

David Henke
Long & Foster Real Estate Inc – Wilmington, 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)

New Castle County Homes Sales Activity Report

April 7, 2012

Inventories drop and activity rises as home prices fall to a more sustainable level in New Castle County DE.

After seeing a rise in listing activity in 2010 with stable pricing leading to reduced sales, we saw the area’s home sales activity begin to rise in 2011 as prices and inventories began to fall – particularly at the end of the year. The data below illustrate the last few years of activity both for all of New Castle County and the Brandywine/North Wilmington area in particular.

New Castle County:
For 2012 Year To Date:
Year:  Homes Listed | Homes under Contract | Homes Sold
2012:         :
2301                     1484                          1122
                       
Average Home Sold for $195,000 in 95 Days
For the entire Previous Years:

2011:        :8568                 4708(54%)                 4404(51%)
                        Average Home Sold for $218,000 in 94 Days
2010:        :9795                 4322(44%)                 4247(43%)
.                       Average home Sold for $242,000 in 80 days
2009:        :
9351                 4939(52%)                 4794(51%)
.                       Average home Sold for $240,000 in 79 days

For Brandywine/North Wilmington:
For 2012 Year To Date:
Year:  Homes Listed | Homes under Contract | Homes Sold
2012:         :
280                     228                            170
                       
Average Home Sold for $222,000 in 96 Days
For the entire Previous Years:

2011:        :1234                  755(61%)                  754(61%)
                        Average Home Sold for $252,000 in 91 Days
2010:        :1442                 721(50%)                 694(48%)
                     Average home Sold for $269,000 in 74 days
2009:        :
1231                 774(62%)                  762(61%)
.                       Average home Sold for $272,000 in 72 days

Unlike previous years, sales activity has been strong enough to avoid the normal build up in inventory that one often sees during the beginning of the year. Buyers are taking advantage of the recent decline in prices and continuing low interest rates to buy at the current lower prices. This has also allowed sellers to sell fairly quickly, if priced aggressively, providing some flexibility to move up or down in the market.

We have not seen this activity uniformly across the area. Some areas and neighborhoods continue to have an abundance of available properties so pricing should continue to be fairly stable throughout the area.

As always, if you are thinking of a move and would like more details on the market values in your area, please do not hesitate to contact me anytime for a market update or a complete complimentary market analysis for your home.

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)