Posts Tagged ‘Pilgrim Gardens Homes Drexel Hill PA’

Pilgrim Gardens Drexel Hill PA Home Market Update

June 23, 2009

Conveniently located just off Township Line Rd and covering sections in the westernmost section of Upper Darby Township and southernmost Haverford Township, Pilgrim Gardens is one of the most popular housing choices in the area.

Pilgrim Gardens Stone Homes Drexel Hill PADeveloped largely in the fifties, the community contains over 800 homes per the public tax records but the core of the area is just west of Route 1 between the intersections with State Rd to the south and Burmont Rd to the north.  The entire community is located in the Drexel Hill zip code 19026.  This location provides great access to the Main Line, the Blue Route/ I476, the Trolley, and the major commuter routes of Route 1/ Township Line Rd, West Chester Pike, and Rt 320/ Sproul Rd.

In addition, the commercial development around Loehmans Plaza provides great shopping, restaurant, and workout facilities within walking distance of much of the community, while Drexeline Shopping Center is just down Township Line Rd.  The community is also home to the Aronimink Swim Club, and at the base of Warrior Rd is Glendale Field, the old home of Haverford Youth Football.

On a relative basis, the real estate activity in Pilgrim Gardens has remained much more stable here than seen in many areas of the county.  Pricing has fluctuated within a 10% range since 2004.  Pilgrim Gardens Brick Homes Havertown PAPilgrim Gardens reached its highest average home price in 2006 at $281,000 but this was almost matched in 2008 when the pricing reached $280,000.  Pricing had risen from an average of $257,000 in 2004 to $270,000 in 2005, to $281,000, then back to $274,000 in 2007, up to $280,000 again, and finally to $259,000 in 2009 year to date.

Activity has also remained relatively stable.  In 2004, there were 14 listed home sales in the development.  This rose to 19 in 2005, back to 13 in 2006, 22 in 2007, 18 in 2008, and 6 in 2009 year to date.  There also an additional 3 homes under contract at an average price of $296,000.  At this list price level, we would expect to see the average price for 2009 to jump back up above the current $259,000 level to put it more in line with previous years – the sales rate should also end up within the range seen over the last five years.

With its great location, community amenities, and solid housing, Pilgrim Gardens should remain a top choice for people moving in the area.

As always, should you have any questions or need any information, please do not hesitate to contact me anytime.