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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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Real Estate Home Sales Indicators February 2009



Chesterbrook Flowering Cherry Tree 2008Those of us living and working in the Chester County Pa and the Philadelphia Main Line Real Estate Market can benefit from knowing the important National Housing and Home Sales Indicators* Several Real Estate Housing and Home Sales indicators will be updated this week.

We’ll be watching these Housing and Economic indicators and keeping you informed as to the overall condition of the Housing Industry as measured by these key National Housing Indicators as we move into Spring. This is a photograph I took last Spring of a flowering Cherry Tree, along the path of a walk with Daisy in Chesterbrook. I’m looking forward to Spring! It’s such a hopeful time! Read the rest of this entry »

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Radnor Township PA – Real Estate Market Report



Radnor Pennsylvania Market Report November 2008 vs November 2006

Radnor Township Prices Are Holding But Inventory Is Growing – Up 85%

Comparing and contrasting the real estate market activity for Radnor Township in Delaware CountyRadnor Pa Market Report between November 2006 and November 2008, shows that the growing Months Supply of Inventory stands out as being the most noteworthy in the Radnor Real Estate Market plus the actual increase in the Median Sold Price.

Radnor Townships Median For Sale Price has only dropped 1% for this period and the Median Sold Price has actually increased from November 2006 to November 2008.

The following numbers suggest that if for sale prices moderated a little more, the inventory would also begin to decline. Read the rest of this entry »

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Radnor Real Estate Third Quarter Market Report 2008



Radnor Township Pennsylvania Third Quarter Real Estate Market Report*

Radnor Township Delaware County Comparison of the Third Quarter of September 2008 to September 2006 shows the greatest effects on the decline of the Median Sold Price, decline of the number of units sold and the growing Months Supply of Inventory.

However, this is a traditionally strong, high end market that could move forward very quickly with a little promise of overall recovery.

There is a chasm of concern showing here, between the Median Sold Price decline, compared to the Median For Sale Price decline of only 1%. I suspect this is due to the hard hit, high end, new and under construction market which is propping up the Median For Sale Price.

Likewise, the high Months Supply of Inventory, MSI is also affected by the New Construction Inventory build up, while the high end market “sits on the sidelines”. It’s important to keep in mind that Read the rest of this entry »

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