Growing up on the Main Line, and attending Lower Merion High School, Collegeville was considered a land far, far away. Fast forward 10 years later, and I would follow my parents out to western Montgomery County as the Route 422 corridor exploded with new housing growth. Now it is a short 30 minute commute for people working in King of Prussia and Great Valley, Chester County, who moved west for a lower cost of living. The Spring Ford Area School District is a good place to find a good home in a good school district at an affordable price.
As far as real estate is concerned, compared to high ticket areas like Lower Merion, Collegeville is about a good of a bargain as they come. The lowest sales price in Q4-2007 was $255,750 with the highest at $470,000, and an average sales price of $324,900 which is less than half for the average sales price on the Main Line in Lower Merion.
Courtesy Of : Christopher Benedict 484-433-3931
RE/MAX Main Line 610-935-3200
In the Radnor Township section of the Main Line, the housing market data from October 2007 to end of September 2007 showed some surprisingly similar results to those of Lower Merion, as compared to the negative data we have been bombarded with from the main stream media. Then again, nothing sells like bad news, except worse news.
The lowest sales price for a home in Radnor township was $120,000 with the highest selling home (or should I say Main Line Mansion) sold at $3,142,955.
If you are thinking of buying a home on the Main Line, better get out your checkbook and get ready to pay. The average (yes, AVERAGE!) listed price for homes on the market was $742,842. That means half of the homes on the market for sale were for higher than $740,000, and half lower. And to think, I was worried about paying for my three kids' college funds!
The positive news: The average days on market (DOM) was 66 days, just 15 days more than the previous quarter in 2007.
Market Statistics
Courtesy Of : Christopher Benedict 484-433-3931 RE/MAX Main Line 610-935-3200 Monthly Statistics for the Date Range Selected
Pricing Details of Sold Units for the Date Range Selected
Inventory Accumulation figures are only calculated when Report End Month is the current month
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In the Lower Merion School District, the housing market data from October 2007 to (end of) December 2007 showed some surprising results, as compared to the negative data we have been bombarded with from the main stream media. Then again, nothing sells like bad news, except worse news.
The lowest sales price for a home in Lower Merion township was $129,000, with the highest selling home (or should I say Main Line Mansion) sold at a mere $3,434,000. The home was originally listed at $3,975,000.
If you are thinking of buying a home on the Main Line, better get out your checkbook and get ready to pay. The average (yes, AVERAGE!) listed price for homes on the market in Q4 was $666,876. That means half of the homes on the market for sale were for higher than $666,000, and half lower. And to think, I was worried about paying for my three kids' college funds! The average sale price was down about $65,000 for the quarter.
The negative news: The average days on market (DOM) was 77 days for Q4-2007, as compared to 62 DOM for Q4-2007.
Courtesy Of : Christopher Benedict 484-433-3931 RE/MAX Main Line 610-935-3200
Monthly Statistics for the Date Range Selected
Pricing Details of Sold Units for the Date Range Selected
Inventory Accumulation figures are only calculated when Report End Month is the current month
© Copyright 2008 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 1/28/2008 9:36:34 PM | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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You can search the Main Line, Malvern, Paoli, Wayne, Berwyn and the entire Delaware Valley for Philadelphia Real Estate. Simply click the website above to get started and you will be well on your way.
Welcome to my profile the "Gateway to the Main Line" where you will learn all about fantastic Pennsylvania and about the wonderful Pennsylvania Real Estate available including homes, gentleman and horse farms, investment and commercial real estate and an entire MLS Search that is updated daily.
I am licensed in Pennsylvania and serve the greater Philadelphia Pennsylvania area including the major cities of The Main Line, including Malvern, Paoli, Wayne and Berwyn and the surrounding Delaware Valley area of S.E. Pennsylvania. I began my real estate career in 1997 doing real estate flips and investments, and then decided it to take it to the next step and earn my license and become a REALTOR. At this time, my wife Stephanie and I have expanded our operations to include a mortgage company, The BIG Mortgage Co. as well as an investor portal, Benedict Investment Group, LLC. I have spent the past 10 years developing a system that focuses on my clients needs and takes care of them before, during and after the closing. I have surrounded myself with excellent consumer service focused professionals which include a variety of mortgage lenders, home inspectors, title companies, appraisers & insurance companies. I do not jump from lender to lender, title company to title company etc. I prefer to use the same companies that are tried and true and will be here when the real estate market is strong or weak and that place customer service, integrity and honor at the head of their list of goals they strive for.
My philosphy is that at the end of the day, if I can create a terrific win-win situation for all my buyers, sellers and investors, and if I take care of my clients/customers needs and show them respect, my production will take care of itself. My goal is to have everyone walk away from a real estate transaction feeling they had the best service they could ask for.
My team of agents specialize in all phases of buying as selling real estate with RE/MAX Main Line, as well as offering turnkey investment opportunities in Chester County as well as Philadelphia, Montgomery, Delaware, Bucks and Berks Counties.
My agents and I never focus on our accomplishments, rather we completely focus on the client and their needs. Through the use of several marketing programs such as Realtor.com, HomeGain, Harmon Homes, The Real Estate Book, RE/MAX International, REMAX MAIN LINE, and Tour Factory our homes sell fast and for top dollar.
Philadelphia: The city of Philadelphia is the largest city in Pennsylvania and the sixth most populous city in the United States. It is also known as Philadelphia County, and serves as the county seat. It is often referred to as "the City of Brotherly Love." The city is commonly and informally referred to as "Philly," and best known for the Philadelphia Cheesesteak.
Ardmore: A community of approximately 13,000 residents, located on the Main Line, west of Philadelphia. Ardmore is a historic downtown, with one of the largest business districts in the area, and contains a delightful mix of restaurants and small specialty shops, including antique and gift shops. Historic Ardmore is adjacent to Suburban Square, one of America's oldest shopping centers.
Bryn Mawr: The name Bryn Mawr means "Big Hill" in Welsh and takes it's name from an estate in North Wales. Part of Lower Merion Township, and home to over 4000 residents, Bryn Mawr is located just west of Philadelphia along Lancaster Ave (US-30) and borders Delaware County, and is notably home to Bryn Mawr College.
Berwyn: Also known as Devon-Berwyn, the area is a densely populated split of Devon and Berwyn, in Chester County, and home to about 5000 residents. Point of interest is the Jenkins Arboretum, a 46 acre non-profit public park and wildlife sanctuary.
Devon: Regionally famous for the renowned Devon Horse Show, and the Devon Preparatory School, Devon, also known as Devon-Berwyn, the area is a densely populated split of Devon and Berwyn, in Chester County, and home to about 5000 residents.
Gladwyne: One of the wealthiest zip codes in the country, Gladwyne is a suburban community in Montgomery County with a population of over 4000 residents. Home to the Philadelphia Country Club, and, most notably, M. Night Shyamalan, the famous film director, and Andy Reid, Head Coach of the Philadelphia Eagles.
Haverford: Most famous for being the site of Haverford College, Haverford is a community located mostly in Haverford Township in Delaware County, however part of the area is located in Lower Merion Township in Montgomery County.
Lower Merion: Lower Merion Township is located in Montgomery County, Pennsylvania and part of the Pennsylvania Main Line, and home to about 60,000 residents, the ninth largest municipality in Pennsylvania.
Paoli: Home to about 5500 residents, Paoli is located in Chester County, Pennsylvania and sits upon portions of three townships: Easttown, Tredyffrin and Willistown.
Merion: A community in Lower Merion Township, Merion is contiguous with Philadelphia. The main commercial area of Merion is located along Montgomery Avenue and extends into neighboring Bala Cynwyd. This area is sometimes called the Merion-Cynwyd District. It includes restaurants, gift shops and other stores, as well as local landmark establishments including Hymie's Deli, the General Wayne Inn and the Barnes Foundation.
Narberth: Narberth is 1/2-square-mile Borough located in the center of Lower Merion Township. Because of its size, it is known as a "Walking Town" with shopping, recreation, library and schools all within a comfortable walking distance.
Radnor: Also known as Radnor Township, Radnor is a picturesque enclave in Delaware County, with part of the township also located in Chester County. Once a country retreat for the elite, Radnor is now home to Cabrini College and Eastern University.
Rosemont: A Main Line community partly situated in Radnor Township, and Lower Merion Township. Visually known for the beautiful campus of Rosemont College.
St. Davids: Originally named after St. David's Church, located near I-476 (a.k.a. The "Blue Route") and Lancaster Avenue. St. David's is located in Radnor Township, and borders up to Villanova and Wayne Pennsylvania.
Strafford: See Devon or Berwyn.
Villanova: The most notable feature of this Lower Merion Township and Radnor Township community is Villanova University. Also known for its wealthy citizens, such as Michael Smerconish and Pat Croce.
Wayne: A community based in three counties, located on the Main Line and situated in Delaware County, but also extends into Chester County and Montgomery County. The center of the Wayne business district is the intersection of Lancaster Avenue and Wayne Avenue, its main street. The historic Wayne station is located one block north of this intersection. Other institutions and attractions in Wayne include the Valley Forge Military Academy, with a monument from the Battle of the Bulge located by the parade ground.
Wynnewood: Once home to Kobe Bryant while attending Lower Merion High School, Wynnewood is a suburban community of 13,000 residents located just outside Philadelphia in Lower Merion Township.
Reading Terminal Market established in 1892 at 12th and Arch Streets, is the nation’s oldest continuously operating farmers’ market. The Reading Terminal Market is not a quick walk through market, so be prepared to take you time, as there are many varieties of foods to be tastes here, mostly sold by mom-and-pop shops!
The Franklin Institute Science Museum - since 1824, the Franklin Institute Science Museum has delighted families with this hands-on science museum. With a planetarium and IMAX theater, this is a great place to spend the day.
King of Prussia Mall - The Court and the Plaza at the King of Prussia combine to make up the largest mall on the East Coast. From the mundane to the ritzy, this mall really does have it all, and then some.
Longwood Gardens - When you want to feel like a trip to Europe, without an eight hour flight, a long stroll through the gardens at Longwood are sure to take you away from the United States for the day! Longwood Gardens features over 11,000 different types of plants, beautiful grounds and an Italian Water Garden that has to been seen to be appreciated.
Philadelphia Historical Sites - If you are looking for historical sites to visit, here are just a few worth visiting: The Betsy Ross House, Fairmount Park, , the Liberty Bell Center at Independence Hall, (which you may want to start at the Independence Visitor Center) and Valley Forge National Historical Park.
Philadelphia Museum of Art - Philadelphia’s premier art museum and one of the world’s finest collections of rare art. Also well known for Sylvestor Stallone's role in "Rocky" as he ran up the steps of the Philadelphia Museum of Art many, many, many times!
EDUCATION
Public Schools on the Main Line are highly rated and are one of the reasons the Main Line attracts many new residents to the area each year. Main Line Schools are broken into 4 districts, including Lower Merion, Radnor, Haverford and Tredyffrin/Easttown. Pennsylvania has some of the best school districts in the country, and the PA legislature has put education at the top of the list of priorities.
Private Schools are generous in number on the Main Line and include, but are not limited to the Baldwin School, Episcopal Academy, Devon Preparatory School, Friends' Central School, Haverford School, Jack M. Barrack Hebrew Academy, Main Line Academy, Malvern Preparatory, Merion Mercy Academy, and Villa Maria Academy.
Colleges and Universities are highly recognized as some of the best schools in the country including Bryn Mawr College, Cabrini College, Eastern University, Haverford College, Rosemont College and Villanova University.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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