Aldan real estate activity gets off to a bit of a slow start in 2011.
Aldan PA is one of the smaller boroughs in Delaware County PA and is known as the Community of Homes. It is just 6 miles west of Philadelphia and currently has approximately 1500 residential properties with just over 4000 residents. Founded in 1893, Aldan has always focused on the success and lifestyle of its residents and has traditionally had few businesses. With excellent transportation links to the surrounding area, Aldan is today served by both the the SEPTA 102 Trolley Line and the SEPTA Media/Elwyn Regional Rail Line (formerly R3 Line) as well as the local SEPTA bus lines. These provide quick and easy access to downtown Philadelphia.
Real estate activity in the borough peaked in 2004 when there were 91 completed home sales. Since then there has been a continuing decline in yearly transactions to 72 sales in 2005, 61 in 2006, 49 in 2007, 42 in 2008, 45 in 2009, and 39 in 2010. Average prices peaked in 2007 at just over $189,000. These have also declined to $182,000 in 2008 and $165,000 in both 2009 and 2010.
In 2011, there have been 7 completed sales with an average price of $131,000. There are also an additional 5 homes under contract with an average asking price of $154,000, and 30 properties currently listed for sale with an average list price of $159,000. These include a wide variety of fine twins and spacious single family homes.
With its convenient location, lower prices, and deep inventory, be sure to include Aldan in any property search.
David Henke
Long & Foster Real Estate, Inc Devon PA/Wilmington DE
Direct:610-618-0808 - Office:610-225-7400
www.DelawarePAHomes.com
(All statistics per the TrendMLS System and believed accurate but not guaranteed)
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