Today, we have the opportunity to visit the Ardmore Avenue Station of the SEPTA Route 100 High Speed Line.
The SEPTA Rt 100 High Speed Line runs from the 69th Street Terminal in Upper Darby Delaware County to Norristown Montgomery County. This particular station is located at the crossing of the tracks with Ardmore Avenue just to the north of the Merion Golf Club and south of the intersection of Ardmore Ave with Haverford Road.
The station has limited parking so it is better situated as a drop off/walk up station for the local residents. It is within walking distance of much of the western areas of Ardmore Park and within range of much of the student housing for Haverford College which is located north of Haverford Road and west of Ardmore Ave. The Haverford station would be a closer stop to the campus itself. Closer to the station it becomes largely single family homes. The video provides a bit better idea of the area:
As far as real estate in the area, there is a wide mix of townhomes, twins, and single family homes in the area. Using only the twins north of the track just in the western area of Ardmore Park, the pricing is tracking what we have seen in much of the area. Activity peaked in 2006 with 30 sales and an average price of $275,000. Pricing peaked in 2007 at $278,000 with 25 sales and then fell to 16 sales at an average price of $268,000 in 2008. In 2009, we have seen an increase with only four completed sales at an average price of $305,000. All these properties were in great move-in condition.
Today there are an additional 8 properties on the market at an average of $272,000 list and 2 properties under contract with an average list price of $266,000. Based on these numbers, we should see the average sales price coming down.
So again, welcome to the Ardmore station. This is a convenient local suburban Philadelphia commuter station providing easy access to the additional connections both through Norristown and the 69th Street Terminal heading toward Philadelphia. The station is within walking distance to a wide array of housing choices. As always, feel free to contact me anytime with questions, topics, or concerns.
(All statistics are from the TrendMLS System and believed accurate but not guaranteed.