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 Date | Units Listed | Listed Volume | Listed Average | Pended | Units Sold | Sold Volume | Sold Average | Average DOM | Dec 2007 | 17 | 17,369,400 | 1,021,729 | 13 | 14 | 14,413,206 | 1,029,514 | 84 | Nov 2007 | 15 | 19,849,700 | 1,323,313 | 10 | 18 | 11,237,605 | 624,311 | 90 | Oct 2007 | 46 | 58,547,530 | 1,272,772 | 23 | 23 | 15,205,537 | 661,110 | 36 | | | | | | | | | | Totals: | 78 | 95,766,630 | 1,227,777 | 46 | 55 | 40,856,348 | 742,842 | 66 | | | | | | | | | |
Pricing Details of Sold Units for the Date Range Selected Minimum Prices | Maximum Prices | Average Prices | Original List Price : $139,900 | Original List Price: $2,998,630 | Original List Price: $769,586 | Sold Price : $120,000 | Sold Price: $3,142,955 | Sold Price: $742,842 | | | |
Inventory Accumulation figures are only calculated when Report End Month is the current month Market Statistics Criteria Used | Date Range: | 10/2007 to 12/2007 | Price Range: | $0 to $9,999,000 | Property Category: | Residential | Area: | Radnor |
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