Wayne Station SEPTA R5 Regional Rail Radnor PA

By
Real Estate Agent with Long & Foster Real Estate, Inc

Wayne Station SEPTA R5 Regional Rail Radnor PAWelcome to Wayne.  This station is on the R5 Regional Rail Line just west of the Blue Route (I476).

With a prime location on the Main Line, the Wayne SEPTA stop is one of only four R5 rail stops in Delaware County.  The R5 Regional Rail Line parallels the Amtrak tracks from downtown Philadelphia to Downingtown/ Thorndale.  This line is still served by Amtrak through trains, but the nearest Amtrak stops are a few stations to the west in Paoli or just a bit further east in Ardmore.

This is an ideal commuter station with some commuter parking on both sides of the track and with plenty of space for picking up and dropping off passengers.  It is also within easy walking distance of many single family homes to the north and the multitude of condominiums and apartments in the area.  Wayne is also a great shopping, commercial, and restaurant destination.  The video will provide a better feel for the area:

 

Wayne (zip code 19087) continues to be a prime real estate market.  As in many areas, the area hit its peak sales activity several years ago in 2004 with 168 sales as the average price first moved above the $600,000 mark.  Prices continued to rise as sales tended down through 2007.  In 2005 there were 165 sales averaging $695,000, in 2006 144 sales with an average price of $689,000, and finally prices peaked at an average of $778,000 in 2007 with 157 sales.

In 2008, sales fell to 113 homes with an average price of $757,000 and have continued the slide this year with 55 sales year-to-date at an average price of $607,000.  Today, there are an additional 76 homes on the market with an average list price of $1,097,000 and 19 homes are under contract with an average list price of $924,000 (the average sales price should be rising as these settle).

With its prime location, diverse array of housing options, great eating and shopping options, and good rail links, Wayne should continue to be one of the preferred commuting and housing destinations on the Main Line for years to come.

As always, should you need any additional information, please feel free to contact me anytime.

(Al statistics are from the TrendMLS System and believed accurate but not guaranteed.)

 

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David Henke

Realtor, Homes Just West of Philadelphia PA
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