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Berkshire Hathaway HomeServices Fox & Roach RealtorsDevon Home Marketing
Center, 431 W Lancaster Avenue
Devon, PA 19333
610-651-2700

Main Line Pa Homes For Sale Absorption Rate Report



Radnor Township Real Estate, Haverford, Lower Merion and Upper Merion Townships Real Estate Absorption Report February 2009

The Main Line Pa Real Estate Absorption Rate Report comparison FebruaryAbsorptionRateMainLinePaToday.com 2008 to February 2009. Comparing  our four Lower Main Line Pa area Townships (Radnor, Haverford, Lower Merion and Upper Merion) for the Months Supply of Inventory, Days On Market, Residual Inventory (backlog) and New Listings On Market.

As I was preparing this Absorption Rate Report, I saw a tick up in the Median Listing price for some lower Main Line Pa Townships.

This would not be a good time to be increasing the Listing prices beyond what’s indicated by recent comparable sold prices and market conditions. Read the rest of this entry »

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Tredyffrin Preservation Trust Celebrates Spring



“Come Celebrate Spring!”

The Tredyffrin Township Historic Preservation Trust

Tredyffrin Township Historic Preservation Trust invites you to come “Celebrate Spring”. Enjoy a glass of wine, nibble a few hors d’oeurves while viewing fine Antiques at the elegant, award winning  Stonehouse Antiques & Design, 625 W Lancaster Avenue, Wayne, Pa 19087 next to the new Paddock Restaurant in Strafford. Read the rest of this entry »

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Absorbing Chester County Homes For Sale



Real Estate Absorption Tredyffrin Township, Easttown, Willistown, Uwchlan and Upper Uwchlan Townships*

The Real Estate Market Absorption Rate, Months Supply of Inventory andAbsorptionRateMainLinePaToday.com Days On Market are key indicators that provides historical data about where we’ve been but more importantly also tells us something about future house values, for the short term anyway. For some Chester County Main Line Pa news that you can use, try Calculating the Absorption Rate. Or contact me and I’ll prepare a Comparative Market Analysis for your homes value price range, neighborhood and community.

The Table below shows a comparison between February 2008/2009  of 5 of our Read the rest of this entry »

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Wayne Tredyffrin Homes Sunday Open 3/22/09



766 Hedges Lane, Wayne, Pa 19087 Tredyffrin Township Sunday Open House 2-4pm

Are you a home buyer looking for Wayne Tredyffrin Easttown homes for sale? Come visit 766 Hedges Lane766 Hedges Lane Wayne Tredyffrin Pa, Wayne Pa today Sunday 3/22/09 Open House from 2-4pm. Wonderful Cape Style Home features 5 bedrooms and 3.5 baths. Need an In-Law or AuPair Suite? Rare first floor Master Bedroom Suite plus two bedrooms and baths on the first floor PLUS 2 very spacious bedrooms and bath on the second floor, formal living room and dining room, country eat-in kitchen,  and family room. A must see Wayne, 19087 Tredyffrin home for sale in a private, end of cul-de-sac location within minutes to the Strafford Wayne Train Read the rest of this entry »

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Chester County Real Estate~Comparable Sold Property



Chester County Real Estate Comparable “Sold” Properties

Comparable sold properties are the “bread and butter” of successful buying and sellingcomparable-solds homes in Chester County and the Main Line Pa area, or anywhere else. Get it wrong and your real estate bread is likely to wind up butter side down!

Why do Realtors® talk about Comps, Comparables, House Values, Comparative Market Analysis, CMA’s? What the heck is a Comparable anyway?

10 Comparable “Price The House Right” Success Tips:

  1. *same style home (2 story Colonial, Split Level, Cape Style, Ranch Style, Contemporary Style, French Style, Bi-level Style, town home, condos)
  2. *same number of bedrooms and baths
  3. *same interior square footage
  4. *same size lot and similar location
  5. *same condition of amenities
  6. *same neighborhood, township
  7. *garage or not
  8. *central air or not
  9. *same school system
  10. *same age

Comparable means, similar or substantially the same. Since no house or real Read the rest of this entry »

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First Day Of Spring Free At Ritas Water Ice



Rita’s Water Ice – A Realtor’s And A Home Buyer’s Oasis

Home buyers in Chester County from Rita’s Water Ice in Chesterbrook, Tredyffrin to Paoli to Frazer or Exton, Downingtown or West Chester sometimes need to take a break from our house hunting work, so I often keep an eye out for Ritas Water Ice.

FREE Rita’s Water Ice on the First Day of Spring, Friday March 20th 2009:

An logo-innerannual tradition that you won’t want to miss. From 12 Noon to 10pm Rita’s Water Ice will offer FREE Water Ice to help us celebrate the First Day of Spring. Find a participating Rita’s Water Ice near you just by entering your zip code. Rita’s has 500 locations in 17 states. Some locations offer catering for parties (join the Birthday Club) and corporate events.

Rita’s Water Ice is a favorite treat of the little people in my family as well as my clients. Read the rest of this entry »

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Downingtown Homes Market Report 19335 Feb 2009



Downingtown Homes Real Estate Market Report For 19335

downingtownundercontractdomHow long has this home been on the market? That’s a question every Chester County Main Line Pa home buyer likes to ask.

Days On The Market for Downingtown homes and real estate:

Good news for Downingtown home sellers  is that DOM has actually dropped -10% from 78 Days On Market to 70 Days On Market for Downingtown 19335 homes under contract.

A nice St Patricks Day good luck sign for the Downingtown Spring real estate market.

The Downingtown Real Estate Months Supply of Inventory, MSI (represented by the broken line in our graph) is up +67% from 6.2 MSI in February of 2008 to 10.4 MSI in February of 2009. However the direction is down from a peak in November/December 2008 as you can see in this graph of the Average Days On The Market for Downingtown homes Under Contract.

Comparing Downingtown homes for sale, Downingtown Pa homes under contract, Downingtown Pa homes sold information to February of 2008 shows a healthy real estate market – Downingtown Homes Median Under Contract Prices up +8%.

The actual Downingtown Homes Sold Price comparison between February of 2009 to February of 2008 remained level but the increase in the Under Contract Price indicates a good upward swing for the Downingtown homes real estate market.

Downingtown Homes For Sale Contact or call Judy Peterson, 610.889.5509 Prudential Fox and Roach Realtors for you own custom list of Downingtown Homes For Sale or request a Market Analysis for your Downingtown Home to determine a competitive selling price for your Downingtown home. Read the rest of this entry »

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Malvern Real Estate Report 19355~February 2009



Malvern Chester County Pa Real Estate Market Report For February 2009

Supply and Demand

Our Malvern Pa Real Estate Market Report is a snapshot of real estate activity in Malvern Pa Median Homes Sold GraphMalvern Chester County Pennsylvania for zip code 19355 comparing February 2008 to February 2009.  We see a real estate market that is moving to an upswing. The Graph depicts Median Malvern Homes Sold Prices (green), Malvern Homes Under Contract Prices (blue) and Malvern Homes For Sale Prices (red).

As for most of our markets, the story is in the Number of transactions. The Number of Malvern Homes For Sale is down 19% from 223 homes for sale in February of 2008 to 181 homes for sale in Malvern in February of 2009.

The Number of Malvern Homes Under Contract is down 57% from 28 homes for sale in Malvern in February 2008 to 12 homes for sale in February of 2009. Also, weather wise this was not a good February for buying activity as it was impacted by a few snow storms.

The Number of homes sold in February of 2008 was 13 and the number of homes sold in February of 2009 was down 8% to 12 homes sold. Read the rest of this entry »

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Things To Do A Chester County Walk In The Park



Chester County Pennsylvania~A Walk In The Park

Spring and the official Vernal Equinox , arrives March 20th 2009, and not a minute Johnny Jump Upstoo soon, in my opinion, and yours too I imagine. These charming Johnny Jump Ups can be found along a path as one of our earliest signs of Spring together with Crocuses and Forsythia. Even in December if it’s warm, but not this year.  If planted in a protected area, they’ll often reseed themselves.

A visit to the Philadelphia Museum of Art is a great way to begin your Spring walking.  Cezanne and Beyond – A Century of Great Artists Philadelphia Museum of Art – You will see more Cezanne and the artists Cezanne influenced, at the Philadelphia Museum of Art than if you went to Paris up to May 17th. This is an outstanding opportunity. Adults $14, Seniors $12, Children 12 and under Free.

*Birds chirping, a warm sunny day, Spring senses stirred and I begin to hear the call of the countryside. Chester County Pennsylvania Countryside to be specific. No one does a day in the country better than Chester County Pennsylvania.

*Try Longwood Gardens where you stroll either indoors or outdoors when you hear the call of Spring early as I do. Also, Valley Forge National Park has many places for a Spring walk, both natural and paved (keep in mind the Valley Forge Road Bridge closing for detours into the Park) . Read the rest of this entry »

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Tredyffrin Real Estate Report February 2009



Chester County Pa, Tredyffrin Real Estate Market Report*

Tredyffrin Township Median Sold Price Update

Our Comparison between February 2008 and February 2009 shows a real estate market screenshot009where the Median Sold Price is up 31% (from $344,000 to $450,000) and the Median For Sale Price is down 8% in a comparison of February of this year to last year (from $490,000 to $449,450) as shown in this graph with green representing the median sold price in Tredyffrin, red being median homes for sale price and blue being median homes under contract price.

Tredyffrin Supply and Demand Number of Homes For Sale, Sold

  1. On the Supply and Demand Side of our Tredyffrin Real Estate Market Report the number of Homes For Sale in Tredyffrin is down 11% (from 233 to 208).
  2. Tredyffrin Homes Under Contract in February of 2009 compared to February of 2008 is down 50% (from 38 to 19).
  3. The number of homes sold in Tredyffrin in February of 2009 as compared to February of 2008 is down 61% (from 18 to 7).
  4. and the number of Expired Listings is up 8% compared to February of 2008 (from 25 to 27).

Tredyffrin Real Estate Months Supply of Inventory and Days On Market

tredyffrin-monthssupplyinveTredyffrin Township Months Supply of Inventory in February of 2009 is up 91% from February of 2008 (from 4.5 months to 8.5 MSI) and the Tredyffrin Real Estate Market Days On Market is up 125% from February 2008 (from 42 DOM to 95 DOM). With the gray bars on this graph representing the MSI and the broken blue line representing the DOM for the period of February 2008 to February 2009.

The bright spot for the first of the year real estate picture in Tredyffrin is that the MSI is down from January of this year. The Months Supply of Inventory in January 2009 was 15.1 Months Supply of Inventory and has dropped to 8.5 Months Supply of Inventory in February 2009. However the Days on Market has increased from 85 DOM in January 2009 to 95 DOM in February 2009.

*data courtesy of Trend and Terradatum is deemed accurate but not guaranteed

When you need the most reliable real estate information and  the best real estate market advantage to get your property marketed and sold for the highest price in the least amount of time in Chester County and the Main Line Pa area,  Contact or call me, 610-889-5509, Judy Peterson, Tredyffrin Real Estate Specialist with Prudential Fox and Roach Realtors. We’ll get it right the first time with “Superb Service and Superb Results”

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