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

Lower Merion,Radnor,Willistown-Two Mops For MSI



Months Supply of Inventory/Absorption Rate:

*Lower Merion Township, Radnor Township and Willistown Township  have earned two Mops for their Months Supply of Inventory and Days on Market for September 2009 as compared to September 2007. Of course the market will look a lot healthier when the volume of Sold and Under Contract transactions begins to move in a more positive direction.

Township

DOM

MSI

#Sold

Lower Merion

102 (+38%)

10.9 (+8%)

-14%

Radnor

97 (+90%)

8.9 (-25%)

Level

Easttown

71 (+107)

8.9 (-3%)

-56%

Willistown

57 (+51%)

7.8 (-36%)

-21%

West Goshen

58 (-10%)

5.7 (-11%)

-33%

East Goshen

50 (-43%)

4.5 (-32%)

-4%

As you can see Lower Merion Township (Montgomery County) has the highest Days On Market, 102 DOM and the highest Months Supply of Inventory at 10.9 MSI, an increase of 8% over September of 2007 with Radnor Read the rest of this entry »

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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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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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Judy Peterson Realtor Radnor Township House Solds July 2008



Radnor Township Delaware County Median Home Sold Price 7/07 vs 7/08*

The Comparison of the Median House Sold Prices for Radnor Township in July of 2007 vs July of 2008 shows a 20% increase in the Median HouseRadnorMedJuly08 Sold Price from $517,500.in 2007 to $620,000. in July of 2008

The Median Under Contract property price also increased 3.9% from $599,000. in July of 2007 to $622,450. in July of 2008.

Radnor Township’s Median New Listing Price was down 3% for this period from $644,850. in July of 2007  to Read the rest of this entry »

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Radnor Township Real Estate Market-2nd Quarter 2008



Radnor Township, Delaware County Real Estate – 2nd Quarter 2008 Market Report*

Real Estate Median Sold Price indicators for Radnor Township shows a drop in the Real Estate Median Sold Price between June of 2006 and June of 2008 of (3.28%).  The peak Median Sold Price for Radnor Township occurred May 2007 at $865,000. The comparison between May 2007 peak and June of 2008 shows a Median Sold price decline of (29.48%).  Higher Months Supply of Inventory and Average Days on Market, may, in part be attributed to more high end new construction inventory in Radnor Township. The following chart illustrates the Months Supply of Inventory and Read the rest of this entry »

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Radnor and Malvern 2008 Memorial Day Parades



Memorial Day Commemoration Parades

The Borough of Malvern and Radnor Township host two of the areas most popular Annual Memorial Day Parades.

MainLinePaToday|Memorial Day|2008 Parades|Radnor|Borough of Malvern

The Radnor Memorial Day Parade is in its 33rd year. The Parade events will kick-off at 9:45 am at the Radnor Financial Center on Radnor-Chester Road and will go West on Lancaster Avenue (Route 30). The parade will end at the War Memorial on South Wayne Avenue where there will be a ceremony. There will be nearly 70 marching units. This years parade will feature the Valley Forge Military Academy & College’s Cavalry Troop with the horses. Following the parade there will be an open house at 401 E Lancaster Avenue in Wayne, with free hot dogs and hamburgers hosted by the Bateman-Gallagher American Legion Post 668. For more information go to Radnor Memorial Day

The 140th Memorial Day Parade will be held on Sunday June 1st. The parade begins at the Malvern Fire Company on E. King Street, going left on Warren Avenue and then right on Monument Avenue to the Paoli Memorial Association grounds. There will be Military Units, bands, fire trucks, and antique cars. Malvern hosts the oldest Memorial Day Parade in America with a tradition of the kids decorating their bicycles and good family fun!

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