In the Radnor Township section of the Main Line, the housing market data from January 2007 to (end of) June 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 $159,000 with the highest selling home (or should I say Main Line Mansion) sold at $3,767,450. The home was originally listed at $4,500,000 which makes you think, was leaving the last dollar off a good marketing technique? I can hear it now, "Dear Homeseller, as your Main Line real estate agent I advise you to market the home at $4,999,999 instead of $5 million. That way, the luxury home buyers will think they are getting a steal of a deal in the $4 million range, and not overpaying in the $5 million dollar market!!!" Has to make you laugh, or cry....
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 $911,020. That means half of the homes on the market for sale were for higher than $900,000, 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 45 days for June 2006, as compared to 56 DOM for June 2007. Only 11 days difference...that is not too shabby!
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Courtesy Of : Christopher Benedict 484-433-3931 RE/MAX Main Line-Kimberton 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 2007 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 9/3/2007 10:35:38 PM |
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