Philadelphia Main Line Home Prices among different townships for single family homes. Using sales data from our Multiple Listing Service I have calculated net prices for homes sold in the second quarter of 2012, that is selling price less any seller concessions shown and from the tax records used the square feet of each home to calculate the square foot price average for each township.
| Township | # of homes sold | Average days to sell | Ratio of net sales price to list | $ per sq ft | 2011 qtr 4 | 2011 qtr 3 | 2011 qtr 2 | 2011 qtr 1 |
| Radnor | 82 | 124 | 96% | $219 | $201 | $235 | $226 | $228 |
| Easttown | 34 | 84 | 95.5% | $215 | $203 | $210 | $212 | $266 |
| Tredyffrin | 73 | 109 | 95% | $198 | $198 | $207 | $220 | $193 |
| Lower Merion | 164 | 132 | 94% | $214 | $211 | $208 | $217 | $202 |
| Willistown | 36 | 135 | 95% | $175 | $177 | $217 | $188 | $202 |
| Haverford | 155 | 112 | 96% | $161 | $159 | $164 | $176 | $165 |
| Charlestown | 9 | 132 | 94% | $132 | $163 | $183 | $153 |
$170 |
Obviously where there are few homes selling this can impact the price per square feet if a home sells for more or less, but where the data has a good number of homes selling, the data becomes more reliable.
One of the things I noticed whilst assembling this, is that the achieved price to list price has risen, implying either that sellers are listing at more realistic prices, or buyers are snapping up homes more quickly. This latter suggestion is shown not to be the case as we look at the average days on market for homes to sell, these have been very consistent, and usually over the last year have been rising. We also see if we compare to 2011 second quarter prices that in nearly every township but one the price per square foot have fallen.
In most townships inventory has fallen as sellers have taken homes off the market but also as the number of homes selling has risen. At the beginning of the year we saw lots of sales and these have carried forward into the second quarter. In many townships we have also seen higher priced homes selling with the lowest interest rates in history and prices being more realistic there are lots of opportunities for buyers out there to snap up a well priced home.
If you need help finding a home, or selling a home along the Main Line we have had great success marketing homes for sellers and negotiating good deals for our clients so they can move into their new homes. Give me a call on 610-203-4543 and let's discuss how we can help you.
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