Main Line Real Estate | Narberth Homes Sales Statistics - Q1 and Q2 Market Report

By
Real Estate Broker/Owner with BIG Realty

Growing up on the Main Line, and attending Lower Merion, Narberth was always known as a quaint borough, not off the Main Line, but not quite in the Main Line either.  Classmates were referred to as "Narbs," and the general consensus was that it was not the best place to live.  Fast forward 25 years, and a lot has changed.  Narberth is the new Manayunk of the Main Line, a "walking town" so to speak, which I wish there were more of!

Compared to Lower Merion, Narberth is a steal, but if you want to buy, keep a sharp eyeout.  There aren't as many homes for sale as in the LM Township area.  A total of only 24 homes sold in the first half of 2007, with the average days on market (DOM) just 26 days, nearly half that of Lower Merion and Radnor.

The lowest sales price was $212,000 with the highest at $600,000, and an average sales price of $369,000, which is nearly 1/3 the average sales price on the Main Line in Lower Merion.

 




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

June 2007

6

2,446,000

407,666

4

8

3,137,000

392,125

38

May 2007

12

5,439,400

453,283

7

4

1,842,000

460,500

5

Apr 2007

11

5,318,150

483,468

5

4

1,451,500

362,875

32

Mar 2007

13

5,625,800

432,753

7

4

1,262,000

315,500

15

Feb 2007

5

2,352,000

470,400

4

0

N/A

N/A

N/A

Jan 2007

3

986,900

328,966

2

4

1,169,000

292,250

30

 

 

 

 

 

 

 

 

 

Totals:

50

22,168,250

443,365

29

24

8,861,500

369,229

26

 

 

 

 

 

 

 

 

 

 

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $224,900

Original List Price: $650,000

Original List Price: $379,237

Sold Price : $212,000

Sold Price: $600,000

Sold Price: $369,229

 

 

 

 

Inventory Accumulation figures are only calculated when Report End Month is the current month 

 

Market Statistics Criteria Used

Date Range:

1/2007 to 6/2007

Price Range:

$0 to $99,999,000

Property Category:

Residential

Area:

Narberth

 

© Copyright 2007 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 9/4/2007 1:52:46 PM

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Pennsylvania Montgomery County Narberth
Tags:
main line and philadelphia pa real estate market reports

Spam prevention
Show All Comments
Anonymous
Ashley
I am writing this September of 2007. My husband's family is from Narberth and it is a cute little town. He always wanted to move back there. But it's ridiculousy overpriced.  It used to be bad, but it incredibly seems to have gotten worse, which I don't understand in this awful market. I'd like to know if some of these sellers/agents have lost their minds. We've got one crappy looking twin on the market for 329,000 which is in the not so nice "rowhouse" section, and one single family for 335,00 that is only 1,056 square feet. Both three bedrooms one bath. Hell no! Something much nicer for less money can be found somewhere else. These people need to come back to reality with these prices. No one's going to pay that!
Sep 09, 2007 04:35 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
68,846

Christopher Benedict

AskTheBigGuy
Ask me a question
*
*
*
*

Additional Information