Devon, PA

There were 23 sales in Old Forge Crossing in 2009, 6 more than 2008, about the same as the 24 in 2007 but way off the high of 50 homes in 2006. The homes selling were a mixture of one and two bedroom units and several one bedrooms with dens along with one townhouse in the community.

Prices like everywhere have suffered from the financial crisis we have been enduring and days on market have been very mixed with many homes being on more than 100 days but with a few selling quickly giving average days on market of 53/54 days. There has been one bank owned property, a two bedroom unit that took 21 days to go under contract even though it was aggressively priced and sold for the lowest priced two bedroom unit for a long time.

There have also been seller concessions offered to buyers either as seller assists or concessions for repairs for older units.

Over the years many units that have come on the market sold regardless of being updated or not. Today's buyer is more demanding and requires homes to be updated with newer bathrooms and kitchens; many prefer not to even have to paint. Those homes that have been updated are tending to sell more quickly and closer to asking price.

As the return on investment you get for updates is not usually what you pay I would recommend if you are thinking of selling next year or so, it is worth updating your bath or kitchen now and getting an enjoyment return on it before you sell rather than doing all the work when you are ready to sell.

If you are looking for a home in Old Forge Crossing or are considering selling we will be happy to help you. See full statistics for this year below.

There were 23 sales in Old Forge Crossing in 2009, 6 more than 2008, about the same as the 24 in 2007 but way off the high of 50 homes in 2006. The homes selling were a mixture of one and two bedroom units and several one bedrooms with dens along with one townhouse in the community.

Prices like everywhere have suffered from the financial crisis we have been enduring and days on market have been very mixed with many homes being on more than 100 days but with a few selling quickly giving average days on market of 53/54 days. There has been one bank owned property, a two bedroom unit that took 21 days to go under contract even though it was aggressively priced and sold for the lowest priced two bedroom unit for a long time.

There have also been seller concessions offered to buyers either as seller assists or concessions for repairs for older units.

Over the years many units that have come on the market sold regardless of being updated or not. Today's buyer is more demanding and requires homes to be updated with newer bathrooms and kitchens; many prefer not to even have to paint. Those homes that have been updated are tending to sell more quickly and closer to asking price.

As the return on investment you get for updates is not usually what you pay I would recommend if you are thinking of selling next year or so, it is worth updating your bath or kitchen now and getting an enjoyment return on it before you sell rather than doing all the work when you are ready to sell.

If you are looking for a home in Old Forge Crossing or are considering selling we will be happy to help you. See full statistics for this year below.

With a first time buyers tax credit sales at Old Forge Crossing this year have unexpectedly been slow for both 1 and 2 bedroom homes. Homes that have been for sale have had few showings, with buyers being more demanding and even completely updated 2 bedroom end units, with new baths and kitchen have not sold. When a two bedroom, bank owned home came on the market very well priced this also took several weeks to sell when it should have been snapped up right away. So although interest rates are low, buyers are finding it hard to qualify for mortgages and this has slowed down sales.

Prices at Old Forge Crossing this year have been under pressure as buyers have seen good value in other developments. Chesterbrook with larger square footage and proportianately lower home owner and condo fees. However, many of these larger Chesterbrook units have less storage space than Old Forge Crossing homes. Drummers Lane/Glenhardie Condominiums prices are lower and whilst this is competition these homes do not have private entrances or a personal laundry area, with homeowners needing to lug their laundry down to a laundry room and use a communal washer and dryer. There is also a strong social scene within Old Forge Crossing with many events planned throughout the year giving homeowners an opportunity to be involved in their community and a chance to get to know each other as well.

Location of Old Forge Crossing si still a major plus with easy acccess to route 202 both North and South and lots of shopping and dining choices close by. Recreational opportunities abound in the area with Jenkins Arboretum, French Creek and Valley Forge National Park all close by. Septa R5 train stations at Paoli, Berwyn, Wayne or Devon are all close by depending on destination.

With the extended first time buyers credit and expanded tax cfredit for other buyers there are still many opportunities to buy a home in this development.

Enjoy a 2009 Devon Horse Show & County Fair. Its a great event that benefits Bryn Mawr Hospital since 1919, contributing more than 13 million dollars to support programs.

Its fun for all ages. Enjoy the Antique Pleasure Carriages parade, the Equestrian and the Country Fair Special Events.

HORSE SHOW HOURS

Gates will open at approximately 8:00 a.m. and close at approximately 10:00 p.m., daily.
The Country Fair area opens around 10:00 a.m. for the Midway and Shopping.
The first Sunday, the gates will open at 11:00 a.m. and the Horse Show classes will start at 1:00 p.m.

For ticket information, call 610-688-2554.

Directions

Addresses:

• Lancaster Pike and Dorset Rd
  Devon, PA 19333
• Berkley and Valley Forge Roads
  Devon, PA 19333

http://www.mapquest.com/directions