Home Prices in Ardmore PA for March 2013

By
Real Estate Agent with Long & Foster

Home Prices in Ardmore PA for March  2013

 

Real estate market data for Ardmore, PA is provided by David Brandschain of Keller Williams Main Line Realty

 

Ardmore Home Prices

 

The price of homes in Ardmore are increasing at a greater rate than any community on the Main Line, even though, we have seen average listing prices decline slightly over the last 12 months. As, we examine home prices in Ardmore PA, in November the average price of sold homes began to exceed the average listing price of homes.   This spread has increased dramatically.  We expect prices to continue to increase substantially in 2013, as, the overall economy continues to improve.  If you are considering buying a home, now would be a good time, as the number of available homes is beginning to shrink.  This decrease in supply will place additional upward pressure on prices.  So if you have been searching for the bottom in Ardmore, that point was reached this past January.   To make sure that you properly navigate this changing market, you'll want an agent that does a thorough market analysis of the home you are making an offer on.  And remember, it is now quite common for fairly priced homes to receive multiple offers.


price chart


Ardmore Real Estate Report Summary

 

The median list price in March for single family homes in Ardmore is $259,950.  Prices decreased 10% from the previous month.  

 

The average price per square foot for listings in this area is $170.

 

The median sales price in February for single family homes was $415,000.  The average sales price decreased by 7% from the previous month.

 

Find Homes for Sale in Ardmore PApick photo

 

Visit my website to search for homes in Ardmore PA or to be notified when Ardmore homes come on the market.

 

To find out what your home is worth in the current market email me or call 484-388-1802.

 

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Rainmaker
473,230
Sondra Meyer:
Star View Real Estate - Colorado Springs, CO
See It. Experience It. Live It.

Hi David,

This is a GREAT, well worked market report.  It sounds like this might be a great time for buyers to find some low prices while the inventory is still decent and the interst rates are great. 

Mar 20, 2013 02:58 PM #1
Rainer
42,501
David Brandschain
Long & Foster - Blue Bell, PA

Sondra, thank you for the critique.  I am glad that the conclusion I drew was clear.   Have a super day.

Mar 20, 2013 08:42 PM #2
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Concise and detailed market report David, very well done sir.

Mar 20, 2013 09:01 PM #3
Rainmaker
3,961,712
Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning David,

Excellent report..easy to comprehend..great job!

Mar 20, 2013 09:07 PM #4
Rainmaker
58,864
Tony Busanich
TD Bank - Freehold, NJ
1-4 RESIDENTIAL FAMILY LENDING SPECIALIST

David great post, it's nice to hear that home price are moving up, I'm looking forward to a great spring and summer.

Mar 21, 2013 05:37 AM #5
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Rainer
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David Brandschain

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