Devon, PA Real Estate News

By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
This week in Tredyffrin Easttown Real EstateAs we noted in the last few reports, settlements in May were very low, however there were plenty of pending sales and we are now seeing these pending sales going to settlement. Market Minute15 new homes were put on the market this past week ranging in price from $399,900 to $1,825,000, of these one is under contract, there are 242 homes for sale in the Tredyffrin Easttown School District of which 27 are under contract.4 homes went pending in the last week, with prices ranging from $265,000 to $574,500, there is a total of 128 homes pending right now in Tredyffrin Easttown School District.17 homes went to settlement with prices ranging from $285,000 to $1,775,000, average price realized  to original list price is 98.6% and average days on marke...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real Estate - Do you know when you need a survey?Buying a home in Pennsylvania and in Tredyffrin Easttown School District does not require the buyer to obtain a survey. it is a choice unlike some other states around us.However, there are circumstances whenyou should definitely have a survey carried out. Check out our video for advice:When you should have a survey: If there are any disputes over property lines Building a pool Erecting a shed Planning to extend the house after purchase Erecting a fence If the amount of property you own is important to you Knowing your property lines can be important, it does take time to set up a property survey and depending on the size of the property and how complicated the lot is it can be expensive. But we have had several instanc...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Realtor Nick Vandekar just received another 5 star review from a satisfied and happy client.We were contacted by this client after they had moved out of the area and had an Old Forge Crossing condo to sell having rented it for a while. Location was wonderful and working with the tenant went very smoothly as we got the home prepared for sale arranging showings and giving plenty of notice to the tenant. We got the home under contract with multiple offers very quickly and moved it along to settlement making sure to help both tenant and owner know the process and what was happening at each step. As the client was out of town we arranged for a deed package and for the owner to see the closing disclosure well ahead of settlement.We just got notification this client left th...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real EstateA common question from buyers is "Do I need a home inspection?" Watch our short video with Nick Vandekar, Tredyffrin Easttown Realtor with Long & Foster Real Estate, Inc. in Devon PA who tackles this simple question from several different angles.The purpose of a home inspection is to make sure the home has no material defects or safety issues that can affect the value or safety of the home. The general buyer doe snot have the experience to know the condition of a home. An agent, even an experienced agent is not a home inspector with the experience of inspecting multiple homes a week.So the easy answer is to protect yourself and your investment is to always carry out a series of home inspections. These include: General home inspection Radon Wood destroying ...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyfrrin Easttown Real Estate 6/12/17 to 6/18/17Last week in real estate in Tredyffrin Easttown School district.Another busy week in Tredyffrin Easttown with 31 homes settling with prices ranging from $147,000 to $1.25 million, these homes sold in an average of 46 days on market at 96.3% of their original list price.Seven homes went pending with prices ranging from $219,000 to $999,000 these homes selling with an average days on market of 83.21 new listings came on the market with prices ranging from $269,000 to $1.8 million, although this latter home was a relist having already been on the market for 120 days before. Of these new listings 2 are under offer already.We saw May had very few settled listings and June seems to be making up for it as school closes many homes are going to s...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real EstateFrequently Asked Question: What happens to my deposit if I can't get a mortgage?Even when you have a mortgage pre-approval things can happen to derail a real estate transaction. Many first time buyers worry they will lose their deposit if they cannot get a mortgage. Well, it all depends, and is another reason to select an experienced and strong buyers' agent to represent you so you are protected.Watch our video that deals with this question:Depending how your agreement of sale is written matters when a mortgage is refused.The reason for your failing to get a mortgage might be loss of a job. It might be a low credit score. It might be the requirement to use an FHA loan when the home you are buying is not in an FHA approved development. There are many reason...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real EstateWhat happens to my deposit and What is an Escrow Account?When you have never bought a house there are many questions which are in your head, but you don't want to ask. I have found over time that many buyers do not know what happens to their deposit. Some believe it goes into the Realtor's holiday fund account, others to the seller.Watch our video and see how Nick Vandekar, Tredyffrin Easttown Realtor with Long & Foster Real Estate Inc., explains this and also what is an escrow account?Highlights of this video: In Pennsylvania there is a first deposit with the agreement of sale, this check only gets cashed if the agreement is accepted and signed by the seller.  This deposit is paid into an Escrow Account. An Escrow Account is a bank account held by a real ...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real Estate - May 2017 Luxury marketThe price point for a luxury market starts at different points across the country. Here in Tredyffrin Easttown generally anything priced above $1,000,000 is considered part of the luxury market. Being the only Christies Real Estate representative in the Philadelphia area Long & Foster Real Estate Inc., has some different price points for select programs for luxury homes. To ascertain what programs your home might enter please contact Nick Vandekar, luxury home specialist in Treedyffrin Easttown with Long & Foster Real Estate Inc. Nick@VandekarTeam.com, office 610-225-7400, cell or text 610-203-4543.In May 2017 the luxury market appears quite active, which is a good sign as this part of the market has been slower to recover than oth...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
This week in Tredyffrin Easttown Real Estate This is the height of the real estate spring season, we are seeing more homes coming to market as the weather improves and school draws to an end. What is left of the Spring selling season is short as families get ready for vacations, summer camps and going to the shore for the week or the weekend. This past week saw 19 new homes listed for sale from a 1 bed 1 bath apartment for $124,900 to a 5 bed 7 bath home for $1.895 million.5 homes went Pending this week 2 of which came on the market and sold in the last week. These pending home sales ranged in price from $339,900 to $1.1 million.Finally 10 homes settled this week, with an average days on market of 70 days and prices ranging from $136,000 for a 1 bed 1 bath condo apartment to a 5 bed 6 b...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real Estate May 2017 Single Family Homes $500-600,000May was an odd month for sales in this range with only one house settling but with plenty of action and many homes going under contract and with plenty of pending sales.As can be seen the house which settled took 48 days to sell was originally priced at $639,000 and sold for $585,000 after a price reduction to $599,000, this house was in Tredyffrin Township. There are 16 homes with pending status, 2 in Easttown and 14 in Tredyffrin Township, prices range from $524,500 to $600,000, both the lowest and highest priced homes are in Tredyffrin with the two Easttown homes falling in the middle range. Average days on market for pending homes is 52. What is the difference between "Days on Market (DOM) and Property Marketin...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real Estate - Apartments and Condo SalesTredyffrin saw a lot of activity over the month of May with Easttown recording one sale in Devon Green of a 2 bed 2 bath apartment for $248,000.This is normal as Tredyffrin Township carries many more apartments and condos than Easttown.There are 12 apartments listed for sale priced between $150,000 to 250,000 with an average of these listings being on the market for 15 days. Of these listings 5 are under contract leaving 7 for sale.There are 17 listings pending settlement all in Tredyffrin Township with prices ranging from $139,900 to $575,000, the average time for these to be on the market are 53 days, pushed up by the highest priced unit which has been marketed for 240 days.In May 17 apartments settled with priced ranging fro...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Why can't I see this house?I get calls all the time to see certain properties from potential clients who do not understand how many thrid party sites work in relation to properties being available for sale in the MLS. You may find a property for sale on any of the big search sites but it is not available for showing for several reasons.It may be under contract, it may not be allowing showings for a limited time, showings may not have begun, or it is not in the MLS as yet. All MLS systems have rules about what can be shown and when, unfortunately sometimes homes show on third party sites when they are not available for showing.Watch our video dealing with this?If you want your home marketed fully or are interested in seeing homes in the Tredyffrin Easttown School District and close by co...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real Estate May 2017 Housing Information Single Family Homes $400,000-500,000There were four single family home sales in Tredyffrin Easttown School District in May 2017, two in Tredyffrin and two in Easttown. On average homes sold for 95.5% of their original listed price and took 53 days to sell. The days on market were inflated by the highest priced home to sell which was originally priced at $575,000 and ended up selling for $471,000 in 165 days. The lowest price home to sell took 6 days and sold for full price and the median home sold in 19 days selling for full price.There are ten homes pending, eight of these are in Tredyffrin Township and two in Easttown. The average days for these homes was 13 days. This was again inflated by the highest price home which took ...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Old Forge Crossing, Devon, PA 19333 1 and 2 bedroom condos, some with dens, some 2 bedroom condos are town homes.May has been an active month for Old Forge Crossing Real Estate. There are currently three homes for sale of which one is under contract leaving a 1 bedroom and a 2 bedroom condo for sale, the 2 bedroom which came on at an eye popping price has just been reduced in price by $10,000 but they may have pushed buyers away by rejecting multiple offers.There are 7 pending sales and 5 homes settled, selling for about 96% of the original list price.So far this year we saw higher prices at the beginning of the year, as time has progressed prices have dropped slightly, some of this is due to difference in location within the community, and also in condition of the unit being sold.Old F...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
As a Realtor people often think all we do is sell houses. But most Realtors I know are involved in giving back to their communities. Whilst I give a lot of my time to Surrey Services for Seniors as an office we do muiltiple things from supporting the American Heart Association, Boys and Girls Network and collecting toys for the Marine Corps Toys for Tots program. Our broker encourages us to get involved in our community with a Community Service Day designated. Every year as an office we work at the Devon Horse Show which is right next to our office and raises funds for Bryn Mawr Hospital.The last few years we have worked on the Hot dog, wraps and salads booth. Here I am with Jim from our office serving up some hot dogs and Italian sausages.The booth is a lot of fun to work and generates...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
The Devon Horse Show is in town and has brought some BIG visitors to town. Seen on the streets around the horse show were these BIG guys: A friend who lives near the horse show grounds caught them walking up the street between 8 and 9 am, out for a little exercise but the video will not post at the moment. Every two years the Budweiser Clydesdales participate in the show and you can stop by the tent where they are stabled. I did that a couple of years ago and was amazed at just how big these horses are. I know they are work horses but their hooves are enormous, so they don't sink into the mud when working.Worth seeing them at the show if you get the chance or at least take time to visit their tent and see them up close and personal.And if you want help selling or finding a home in Devon...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Old Forge Crossing, Devon, PA 19333Last week saw two settlements in Old Forge Crossing both for 1 bed 1 bath condo apartments and both selling for $135,000.Currently there are three homes listed for sale, two under agreement, a 1 bed 1 bath condo apartment priced at $150,000 going under contract in 4 days, the other apartment is a 2 bed 2 bath condo apartment priced at $205,000 with a nicely updated kitchen and bathrooms going under agreement in 25 days. The last condo apartment for sale is also a 2 bedroom ground floor unit with modifications for disabilities and is priced at $229,900. Prices were generally higher at the beginning of the year with many one bedroom units selling in the $150,000's and even 160,000's but have settled lower since March in the $130-150,000 range, 4 one bed ...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Tredyffrin Easttown Real Estate this past week.New ListingsThere were 31 new listings for sale ranging in price from $182,000 for a 2 bed 2 bath apartment in Chesterbrook to a 6 bed 5 bath single family home for $2.6 million, both homes in Tredyffrin Township. 6 of these new listings are under contract. 24 of these new listings were in Tredyffrin Township and 7 were in Easttown, these consisted of 3 apartments for sale, 1 twin and 6 town homes and finally 21 single family homes.Pending Sales7 homes went pending this last week, 6 in Tredyffrin and 1 in Easttown, price ranged from $170,000 to $1.269 million, these prices may change at settlement.Sold Homes18 homes settled last week with prices ranging from $135,000 for a 1 bed, 1 bath apartment to $1,350 million for a 5 bed 6 bath single ...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
New Tredyffrin Easttown Restaurant opens in DevonDandan has just opened in the space where Ellas used to be in Devon Square. This restaurant a sister to their Rittenhouse Square location has been opened by Devon natives Kevin and Cat Huang,  in just the last week. For a Tuesday night with no grand opening announced it was busy and Cat told us that at the weekend they had over a hundred people. The space is a great location with a bar and doors in the main area that slide open so on an evening like tonight with temperatures in the 70's it was wonderful.The menu is relatively large and it is hard to decide what to eat.Food is Szechuan and Taiwanese style, so there is some heat to the dishes but they are clearly marked and there will be something for everyone. My friend Art and I shared so...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Sunday is a great day for a walkYesterday, Saturday, it rained all day. Today the weather started off cool but dry, so I decided to go to my favorite place and go for a walk. Those living in Tredyffrin Easttown have Valley Forge National Park just a few minutes away. There is a wonderful circuit you can walk, goes up and down and it is about 5.5 to 6 miles long. I walk pretty briskly so it took me about 1 1/2 hours. There were lots of people out walking and running today. One Mom and her daughter were running I saw them three times as they were going the other way, they were going for 2 circuits pretty impressive, dad was straggling along behind wishing they would stop.From this location in the park, near the Memorial Arch you can see up towards Devon. At the top of the ridge is Conesto...
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