Ridley Township, PA

Leedom Estates continues to be a solid housing choice in southern Delaware County.

Since construction started in the 1940s, Leedom Estates has remained a very stable, strong community. Today per the tax records, there are over 900 units in the neighborhood.

Leedom Estates is located just south of Chester Pike inRidley Township midway between Route 420/Wanamaker Avenue and Stewart Avenue. This location allows almost instant access to I-95 for easy commuting into Philadelphia or Wilmington. Chester Pike, Route 420, and I-476 afford easy access throughout Delaware County. Leedom Estates is only minutes from the Philadelphia Airport.

The community itself is a great mixture of single family homes and one and two story rows and twins. Construction began in 1940 with the single family homes centered on Rodney and Braxton and generally ranging in size from 1100-1900 square feet. Construction continued in the early 1940s with additional single family homes and some twins. Beginning in 1950 and continuing till the late 1950s Leedom rapidly expanded in all styles with homes beginning at 800 sqft.

Both home sale activity and pricing have remained more stable here than in many parts of the county. Activity peaked in 2006 with 26 sales but has only varied between 21 and 23 sales per year from 2007 through 2010. Pricing has also remained fairly stable.The average price was $168,000 in both 2006 and 2007. It then spiked to $185,000 in 2008 and quickly returned to $161,000 in 2009 and $163,000 in 2010.

Prices have seen an additional decline this year. Today, there are 14 homes on the market with an average asking price of $156,000. Three homes are under contract with an average list price of $126,000 while 12 homes have sold this year to date for an average sales price of $140,000.

With its great location, wide range of housing choices, reasonable and stable pricing, and strong community characteristics, Leedom Estates should remain a great housing choice for years to come.

David Henke
Long & Foster Real Estate Inc – Devon,PA/Bear, DE
Office: 610-225-7400/Direct: 610-618-0808
www.DelawarePAHomes.com

(All statistics per the TrendMLS System and believed accurate but not guaranteed)

Here is information about Briarcliff Condominiums that sold in 2010 in Swarthmore, Ridley Township, Pennsylvania.

There were only 2 units that sold in 2010. 

A 2 bedroom unit with one full bathroom sold for $81,000 and was on the market for 157 days.

The other unit had 3 bedrooms with 2 full bathrooms.  It sold for $155,000 after being on the market for only 5 days! (Info from Trend MLS)

Other Briarcliff Posts:
Welcome to Briarcliff
Report for 2009 Briarcliff

Briarcliff is a Condominium Community located at 801 South Chester Road, Swarthmore, Ridley Township in Delaware County, PA.  It is conviently located to Public Transportation, major highways, shopping areas and offers a living situation where the care of the outside is not the responsibility of the owners.  If you are looking for such a living situation we can help in your search.

Happy Thanksgiving to All!

Perhaps not the greatest weather day, but still a fantastic opportunity to relax and give thanks for all with friends, family, and football.

Enjoy the Holiday!

Dave

Here is information about Sold Briarcliff Condominiums for 2009 in Swarthmore, Ridley Township, Pennsylvania.

There was only one unit that sold for $115,000.  It was a one bedroom, one bathroom unit.

Other Briarcliff Posts:
Welcome to Briarcliff

Not many first time home buyers can afford to buy their dream home when they purchase their first home. According to the National Association of Realtors some 69% of first time buyers have to make some compromises on features when they buy. Buying a first home is like an investment plan. The financial advantages are that you build equity, the value may appreciate, and tax benefits that you don't get while renting. It is never a wrong time to buy the right home. You have to find a good buy, know that you have the ability to keep the property for the long term, and keep your stress at bay. A qualifed real estate agent can help this process by explaining and guiding you thru the steps from getting approved by a lender, the Agreement of Sale, inspections and settlement. Bottom line is to educate yourself as much as you can. You can email me to request a copy of First Time Buyers 8 Steps To Buying a Home.