Latest Market Statistics for Radnor, Tredyffrin and Easttown Townships*
For the 30 days ending February 25, 2008 in the 3 nearest townships, there were 32 single family and twin homes that settled. The average discount off the original asking price remained about 92%, the same as last month. Three homes in the $500,000 - $800,000 range went for 100% of asking price. The 9 homes over $1 million had the largest average discount at just under 90%, although 2 homes in that range sold for over 95%.
Days on the market varied significantly from 3 to 368, with 12 homes selling in less than 30 days. The average of 78 days is not significantly off the norm for this area.
Note: Check back again next month for what should be a larger number of sales.
The chart below gives a broader view of all residential home sales in the 3 surrounding counties for January of this year compared to one year ago. Totals are off but the discounts are not significantly deeper.
| Residential Homes | |||||
| Jan-08 | |||||
| Days On market | |||||
| Total Homes Sold | Avg Sold Price/Original Price | 0-30 | 31-60 | 61-90 | 91+ |
| Delaware County 303 | 92% | 36% | 24% | 16% | 24% |
| Montgomery County 443 | 92% | 28% | 22% | 17% | 33% |
| Chester County 246 | 93% | 25% | 22% | 17% | 36% |
| Jan-07 | |||||
| Days On market | |||||
| Total Homes Sold | Avg Sold Price/Original Price | 0-30 | 31-60 | 61-90 | 91+ |
| Delaware County 415 | 93% | 40% | 17% | 16% | 27% |
| Montgomery County 528 | 94% | 36% | 23% | 16% | 26% |
| Chester County 347 | 94% | 33% | 18% | 21% | 28% |
*This report is based on the Trend Multiple Listing statistics reported by the selling agents under an agreement that requires compliance. The statistics can therefore be deemed as accurate as available. (Days on the market can be skewed if the listing is taken off the MLS and re-listed with a new date.)
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