Summer 2022 Main Line Real Estate Market Update
Giving you the confidence to make the right decision
Take a look at The Chester County Monthly Statistics. Median home values have risen by almost 15%, inventory available has increased slightly. This is a great example of what we see happening across our neighboring local counties, Montgomery and Delaware Counties too. Let me know if you want to see your local information.
The market is cooling off after being incredibly hot for almost two years
- When you look at the same week last year: -
- Closed cases were down 22%,
- Pending sales were down 23%,
- Days on market is up by three days,
- New listings are down 22%,
- Showing activity is down 27%,
- Inventory is up 28%.
- 45% of the houses on the market in July in our footprint reduced their price
If you are thinking of selling, now is the time to see what your home may be worth in today’s market.
Or, if you are looking to buy, I have successfully cut through the crowded buyers’ market and settled my clients in the perfect new homes for them.
I’ve lived in the Main Line area for over 30 years now, and I know the area well. I relocated here from England with my family when my three boys were young. They all attended Main Line schools, and thanks to the excellent education that this area provided them, I’m proud to say that all three sons have done well. All three are married, and I’m happy to now have five grandchildren – three grandsons and 2 granddaughters! In short, as a realtor with extensive experience in this area, I know what’s most important from a real estate perspective to those who live here or are looking to relocate here. But perhaps even more importantly, as a husband and father, I know the true value of raising a family in the greater Main Line area, a part of the world that reminds me so much of the lovely area where I grew up in suburban London.
Please contact me at my website, www.SellingTheMainLine.com. Or you can email me personally at Nick@VandekarTeam.com and call or text me at 610-203-4543.
I look forward to assisting you in all of your real estate needs –
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