Did prices go up or down along the Main Line in the last quarter of 2011?

By
Real Estate Agent with Long & Foster Real Estate Inc

Here is some Main Line real estate sales data for the last quarter of 2011 for different townships along the Main Line. 

As you can see average prices per square foot are all lower compared to one year ago. So if anyone tells you that Main Line real Estate is invulnerable to the current housing crisis they don't know what they are talking about. 

Township # of homes sold Average days to sell Ratio of net sales price to list $ per sq ft 2011 qtr 3 2011 qtr 2 2011 qtr 1 2010 qtr 4
Radnor 37 89 92.00% $201 $235 $226 $228 $231
Easttown 24 95 93.00% $203 $210 $212 $266 $225
Tredyffrin 46 100 96.00% $198 $207 $220 $193 $209
Lower Merion 85 138 92.00% $211 $208 $217 $202 $216
Willistown 25 164 90.00% $177 $217 $188 $202 $220
Haverford 82 143 96.00% $159 $164 $176 $165 $165

Charlestown

5 244 90.00% $163 $183 $153 $170


 

Currently sellers in Haverford and Tredyffrin seem to be getting prices closest to their asking price although that price has fallen per sq foot over the year steadily each quarter in Haverford whilst in Tredyffrin they have been up and down. Highest price per square foot this quarter was obtained in Lower Merion Township at $211 per square foot which also had the most sales for this quarter just beating out Haverford Township both being up in the 80's. Days on market have increased although some homes do sell quickly, and it is all about pricing your home correctly, over pricing in this market is a sure way to be a just listed and not a just sold home owner.

If you need advice on pricing your home correctly and marketing it to get it sold please contact us so you can get your home prepared for sale for the Spring Market.

Posted by

If you are buying or selling on or around the Main Line we can help you,  contact us or connect

  Twitter link  Linked in linkl our blog RSS feed of MainLineHomes Blog

Feel free to subscribe to our blog to stay up to date with our latest posts and information on the Main Line Real Estate Market. 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Pennsylvania Delaware County Wayne
Groups:
Posts to Localism
Montgomery County, PA
HyperLocal Neighborhood and Community Posts
Delaware County, PA
Chester County Real Estate
Tags:
main line real estate
market reports
main line townships
price per square foot
days on market

Spam prevention
Rainmaker
302,743

Nick & Trudy Vandekar

Realtors - Selling the Main Line, PA Lic AB067198
Want to know more or have a question?
*
*
*
Spam prevention

Additional Information