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
|
