philadelphia: Chester County and suburban Philadelphia market update
- 03/03/22 07:17 AM
Real Estate Market Update
Giving you the confidence to make the right decision
Take a look at just one local county – Chester County. Median home values have risen by nearly 10% and sales prices have risen by almost 12%1. This is a great example of what we see happening across the suburban Philadelphia region. Delaware and Montgomery Counties have seen similar rises in home values.
The economic climate has been a large contributing factor to the wave of increased values:
Continued historically low interest rates Reduced numbers of homes for sale, down nearly 60% in 2021 compared to the previous year. And looking … (4 comments)
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philadelphia: Philadelphia Luxury Real Estate Market July 2018
- 08/16/18 09:03 AM
The Philadelphia luxury real estate market report July 2018
The luxury market has slowed down somewhat compared to other parts of the market, but there is plenty of choice of homes, unlike other parts of the market. We work closely and directly with our clients to find them the homes they want, or to acheive the sale of their home. Contact Nick Vandekar, Tredyffrin Easttown Realtor, Selling The Main Line with Long & Foster Real Estate Inc., office 610-225-7400, cell or text 610-203-4543, email Nick@VandekarTeam.com, website www.SellingTheMainLine.com.
… (9 comments)
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philadelphia: Football impacted Real Estate this weekend.
- 01/22/18 12:59 PM
I had clients who wanted to see some homes yesterday afternoon. I tried to set up appointments on Saturday for Sunday afternoon.
However, every home we asked for an appointment, was rejected.
Everyone in Philadelphia and the surrounding suburbs was focused on the two football games being played.
In the afternoon, who would triumph the Patriots or the Jaguars? Well we know in a close game it was the Patriots.
I had thought with the Eagles game playing late we would get some of our appointments in. Shut out. Both games were of interest to these Eagles fans.
So, I got to enjoy an afternoon … (17 comments)
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philadelphia: The Philadelphia Housing Market
- 04/24/17 07:29 AM
Philadelphia Area Market Report
We all know real estate is local and I post many market reports on local market conditions right down to development level in Tredyffrin Easttown. But, sometimes it is good to step back and look at the overall market conditions in the Philadelphia area. This report does just that. Covering those counties which surround Philadelphia both in Pennsylvania and New Jersey. Trudy and I are not licensed to sell real estate in new Jersey, but we have many excellent colleagues who are and we can refer you to an agent to help you out if New Jersey is … (6 comments)
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philadelphia: Why you should interview more than one agent!
- 11/01/16 07:46 AM
Why you should interview more than one agent!
Research shows a high percentage of consumers use the first agent they meet. This can be bad for all sorts of reasons, but essentially as a consumer you do not have any idea how good or bad this agent is, to act either as your listing agent or your buyers agent.
What makes a good agent and will the agent be good for both buying and selling?
Rather than work with the first agent you meet, even if they are referred to you, you need to interview a number of agents and consider what you are hiring them … (3 comments)
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philadelphia: Philadelphia Growth - Long & Foster
- 09/30/14 03:32 AM
Philadelphia Growth what it means for you the buyer and seller of Philadelphia Real Estate.
Long & Foster has just announced the acquisition of Alliance a group of 14 offices and 700 agents who will be merged into the Long & Foster Real Estate family. This makes us #2 in the Philadelphia region.
We have almost doubled in size with this acquisition, and it is in addition to the company growing rapidly in both Delaware and New Jersey. The Long & Foster signs are becoming much more common down the shore and throughout the Tri-state area.
But, what does this mean for the … (2 comments)
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philadelphia: Quality Value Proposition - Your QVP, do you know what it is?
- 08/19/14 03:43 AM
What are you being paid for?
I have been thinking about this post for several days. Sparked by a similar post last week and something I read today and others comments it reminded me of two stories.
Picasso was walking in a park, recognized by a woman who had known him when he was younger she approached and asked if he would sketch something for her. He quickly completed the drawing and asked the woman for a large sum in payment. She asked him how he could ask her for such a large sum, when it had only taken him minutes to … (2 comments)
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philadelphia: So how much should you pay per square foot for a Main Line house?
- 08/09/14 05:09 AM
So how much should you pay per square foot for a Philadelphia Main Line house?
I often have buyers of Philadelphia Main Line homes tell me a home is priced at so much a square foot and that it is overpriced. But how much is too much?
I was reading this story on Housingwire today about a home in Hong Kong that is $22,677 per square foot. Is that too much? It makes it the most expensive house in the world if only considering price per square foot. The most expensive house listed is actually in London if loking only at price.
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philadelphia: What does it mean to be a Main Line Realtor?
- 07/22/14 01:31 AM
What does it mean to be a Main Line Realtor?
The Philadelphia Main Line is an area outside and west of the city of Philadelphia, it runs through parts of Montgomery, Delaware and Chester Counties. It is named because of the original train line that ran out of the city and some of the stations along the line are delightful. The Main Line has stretched over time, some older inhabitants would frown on areas that are referred to as being on the Main Line today, but newcomers know no difference.
The Main Line is a very affluent area, with many multi-million dollar … (5 comments)
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philadelphia: 3 distressed properties, and an alternative for first time home buyers
- 12/02/13 11:35 PM
Ever wondered what is a distressed property? Many buyers especially first time home buyers want a deal, and therefore think a "distressed property" provides the answer. We discuss in this video three types of properties along the Main Line referred to as distressed, and offer an alternative for first time home buyers who are trying to get a deal.
Many first time buyers get knocked out trying to buy bank owned properties due to other buyers, often investors who can pay cash. An alternative is to look for properties that may be states, where the seller is willing to negotiate … (0 comments)
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philadelphia: Long & Foster gives luxury home owners extra way to market thier homes
- 10/25/13 10:03 AM
Nick Vandekar of Long & Foster Real Estate, Selling the Main Line, offers luxury home owners along the Main Line outside of Philadelphia an extra way to market their homes utilising Christie's International Real Estate extending their marketing to high net worth individuals.
… (0 comments)
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philadelphia: There are only three reasons why your home does not sell!
- 02/14/13 05:38 AM
There are only three reasons why your home does not sell. That's right three. Even with the worst marketing it comes down to this, of which you can only do something about two of them.
1) Price
2) Condition
3) Location
Obviously you cannot do anything about the location of your home. If it is not in the school district buyers want, or it is located under or within sight of high tension electric wires these are going to affect the sale of your home.
But the other two things, Price and Condition you have the option to improve before you list.
Condition.
I am amazed at … (1 comments)
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philadelphia: Will we ever see this in America?
- 11/22/11 02:12 AM
Will we ever see this in America? Recently, walking down a street in London we saw this scene - the yellow cables are electricity cables for re-charging your electric car or bike. Not sure if there is some payment required or if this is done to encourage a greener way of travel, but we both found it very interesting. Got to wondering if we would ever see this in Philadelphia or any other major American city or its suburbs? Not sure of the distance this little car can go, but typical of size for most London cars.
I know there … (6 comments)
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philadelphia: I ain't no city boy!
- 06/22/11 03:57 AM
I grew up in the suburbs of London, England and learnt to drive in London traffic, many times making it round Hyde Park Corner and Piccadilly Circus without incident. English drivers are aggressive, they get on with it, but they also know that most times it is easier to let everyone merge and the traffic will move more quickly. London streets are rarely straight, or wide so you get used to parking in small spots and driving down narrow streets.
So, yesterday, I am meeting with a new client in Philadelphia, a referral from The Somers Team, who wants to move out … (1 comments)
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philadelphia: Looking for something to do this weekend in Philadelphia
- 04/07/11 01:25 AM
It's April which means that the Philadelphia Antiques Show is on, this year is the last year at the Navy Yard, about 60 national dealers exhibit their merchandise for you to see and hopefully from their point of view purchase as well. The show raises money for Penn Medicine and is celebrating 50 years. It runs from April 9th through the 12th.
My brother Paul, will be exhibiting and i hope to get down to the show over the weekend as several dealers at this show hopefully will be doing The Main Line Antiques Show held in November at the Radnor … (0 comments)
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philadelphia: Merion Golf Manor stone fronted cape for sale
- 11/02/10 08:27 AM
We just took a great listing in Merion Golf Manor, a stone fronted cape with easy maintenance brick exterior. This home has been lovingly cared for by the current owner and altough in some need of updating, it is in move in condition.
Beautiful hardwood floors, some covered by carpets, large rooms, a ground floor bedroom, currently used as a den, with a ground floor full bathroom as well. Bedrooms upstairs are all large and another full bathroom, the basement is fully finished with a half bath and laundry room. Well priced at $375,000 located in Haverford School District. This … (0 comments)
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philadelphia: Inventory accumulation along the Main Line
- 08/24/10 09:14 AM
Sales have been fairly brisk this year, that is until July when the market slowed down again. Inventory accumulation along the Main Line is a good indication of where the market currently is and how long it will take to sell a home on average.
Montgomery County: 8 Days on market 83
Delaware County: 9 Days on Market 83
Chester County: 10 Days on market 85
In the tri-county area Montgomery seems to be doing slightly better, and sales over this year bear that out as well. Overall we have seen days on market rise compared tomprevious years, this is how long … (0 comments)
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philadelphia: Secret Park in Berwyn
- 04/08/10 05:20 AM
If you ever want somewhere in Berwyn that feels like a secret park and that is quiet, the Frank Johnson Memorial Park is the place.
Located at the end of Bridge Street, opposite the playing fields behind the old school buildings and library this place is a little gem. Maybe in the afternoon after school it gets busy, or early evenings when teams are out playing volleyball, but in the mid-morning you can sit quietly, maybe a mother or two will be there with a toddler playing on the swings and climbing set, but it is a wonderful place that few … (0 comments)
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philadelphia: Tiger Woods, Rickie Fowler, Hunter Mahon, Michelle Wie, John Daily, Sandra Bullock
- 03/13/10 03:20 AM
Tiger Woods, Rickie Fowler, Hunter Mahon, Michelle Wie, John Daily, Sandra Bullock
Five of these people are getting more press than Tiger Woods. That is until February 19th...the day Tiger walked on the world stage and admitted he was supposed to be like everyone else - and wasn't, in his own mind.
Rickie Fowler has been the talk of the 2010 PGA Tour. He's a rookie who plays like a veteran. He's a rookie who plays fast enough to make Rory Sabbatini happy. He is a rookie who has the nerves of a seasoned assassin. He has the confidence of an … (0 comments)
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philadelphia: Inaugral Distinguished Achievement Program award presented to Nick Vandekar
- 03/11/10 12:49 AM
Picture Caption:
(From L to R): Nick Vandekar and Terry Kirkwood accept the inaugural Distinguished Achievement Program award from 2010 Suburban West REALTORS® Association Chairman Bill McFalls.
Janet Rubino, Vice President and Manager of Long & Foster Real Estate's Devon office, is pleased to announce that Nick Vandekar of the Devon office has recently received the Suburban West REALTORS® Association inaugural Distinguished Achievement Program award. This honor is in recognition for his exemplary commitment to his career, clients and community in general.
To achieve this honor, Nick demonstrated the importance of going beyond the boundaries of his real … (2 comments)
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Real Estate Market Update
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