Main Line Real Estate | Malvern 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, Malvern was always known as that borough at the end of the line!  Malvern is a great borough, an area with many great places to eat like The Flying Pig.

Compared to Lower Merion, Malvern is a steal, but if you want to buy, keep a sharp eye out.  There aren't as many homes for sale as in the LM Township area.  A total of only 22 homes sold in the first half of 2007, with the average days on market (DOM) just 67 days, fairly in line with that of Lower Merion and Radnor.

The lowest sales price was $90,000 with the highest at $626,000, and an average sales price of $247,722, which is nearly 1/4 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

5

1,317,800

263,560

5

5

832,400

166,480

40

May 2007

4

1,467,900

366,975

4

3

845,000

281,666

114

Apr 2007

8

2,436,200

304,525

1

2

477,000

238,500

108

Mar 2007

2

977,999

488,999

5

3

937,500

312,500

86

Feb 2007

4

816,400

204,100

2

6

1,260,000

210,000

72

Jan 2007

5

1,381,000

276,200

3

3

1,098,000

366,000

12

 

 

 

 

 

 

 

 

 

Totals:

28

8,397,299

299,903

20

22

5,449,900

247,722

67

  

  

  

  

  

  

  

  

  

  

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $139,900

Original List Price: $850,000

Original List Price: $275,400

Sold Price : $90,000

Sold Price: $626,000

Sold Price: $247,722

 

  

 

 

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 $9,999,000

Property Category:

Residential

Area:

Malvern Bor

  

© Copyright 2007 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 9/11/2007 11:40:00 PM

close

This entry hasn't been re-blogged:

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

Spam prevention

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