Main Line Real Estate | Narberth PA Home Sales Statistics - Q3-2007 Real Estate Market Data

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 eye out. There aren't as many homes for sale as in the LM Township area. A total of only 12 homes sold in the third quarter of 2007, with the average days on market (DOM) just 27 days, half that of Lower Merion and Radnor.

The lowest sales price was $190,000 with the highest at $927,150, and an average sales price of $435,470, which is nearly 1/2 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

Sep 2007

7

3,388,500

484,071

4

1

465,000

465,000

3

Aug 2007

10

4,434,800

443,480

4

7

3,412,650

487,521

30

July 2007

8

2,863,900

357,987

3

4

1,348,000

337,000

29

 

 

 

 

 

 

 

 

 

Totals:

25

10,687,200

427,488

11

12

5,225,650

435,470

27

 

 

 

 

 

 

 

 

 

 

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $215,000

Original List Price: $875,000

Original List Price: $443,158

Sold Price : $190,000

Sold Price: $927,150

Sold Price: $435,470

 

 

 

 

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

 

Market Statistics Criteria Used

Date Range:

7/2007 to 9/2007

Price Range:

$0 to $9,999,000

Property Category:

Residential

Area:

Narberth

 

© Copyright 2007 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 10/3/2007 11:15:27 PM

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