Tredyffrin, PA Real Estate News

By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
As of today Monday February 11 there are twenty homes showing as available, under offer or pending sale. Nine homes settled during Janaury, most for close to the last list price, although maybe not the original asking price for the home. Of the twenty homes six are pending, implying they have gone though home inspections and are moving towards settlement. Several homes have come on the market in the last two weeks, after we had mentioned the lack of inventory and the pent up demand for homes resulting in a steep decline in days on market. A rough caclulation of the homes that are pending and under offer shows an average days on market of one week which is amazing for a winter market. As we mentioned in another blog recently, the Spring has arrived for the housing market even if there is...
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By David Brandschain
(Long & Foster)
Home Prices in Wayne PA for February 2013Real estate market data for Wayne, PA is provided by David Brandschain of Keller Williams Main Line RealtyWayne Home PricesWe have seen listing prices increase steadily over the last 12 months, as, we examine home prices in Wayne PA.  We expect prices to continue to increase 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 shrinking.  This decrease in supply will continue to put upward pressure on prices.  So if you have been searching for the bottom in Wayne, it was likely reached in October with sold prices steadily increasing.  To make sure that you properly navigate this changing market, you'll want an agent that does a thorough market a...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
After mentioning the lack of inventory in the housing market for the past few weeks, Chesterbrook has seen a definite uptick in activity. Currently there are seven homes for sale, one is under contract but is still being marketed and can be shown, of the seven, six are two bedroom homes priced from $195,000 to $289,900 and one is a three bedroom townhome priced at $359,900; with nine homes pending,five two bedrooms and some three and one four bedroom homes, these latter selling very quickly in a matter of days with prices ranging for all from $205,000 to $389,000. So there is still a lack of three and four bedroom townhomes for sale and buyers are looking for these right now. So if you are considering listing your home right now for sale and thinking about waiting for the Spring market,...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
After commenting on the lack of inventory in Chesterbrook last week, two new listings came on the market. One on Witherspoon, priced at $205,000 went under contract almost at once, but has since come back on the market, and another on Headhouse Court priced at $224,000 came on as well, both are two bedroom homes, Witherspoon on one level, a ranch style home, rare in Chesterbrook and obviously of interest to buyers and the other over two floors, with a nice open floor plan and views of some open space behind the end unit town home. There is still a lack of inventory in Chesterbrook and buyers are not waiting for the Spring Market to purchase a home, taking advantage of low interest rates. So if you are considering listing your home, now is a perfect time as you will avoid much of the com...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
One of the issues for housing on the Main Line right now is the lack of inventory, and homes available for purchase in Chesterbrook is a good indication of this. As of this morning, there are only 4 homes available for purchase, of these three are two bedroom apartments or condos priced from $195,000 and one is a three bedroom town home priced at $359,900. There are two homes that are under contract, whilst buyer have home inspections carried out, and nine pending sales of various homes around the Chesterbrook development including one bedroom and two bedroom apartments and three bedroom townhomes, some with garages. Usually, you would find much greater choice in Chesterbrook for buyers to select a home from, so if you are a Chesterbrook home owner who wants to sell now is a great time ...
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By David Brandschain
(Long & Foster)
Home Prices in Wayne PA for January 2013Real estate market data for Wayne, PA is provided by David Brandschain of Keller Williams Main Line RealtyWayne Home PricesWe have seen listing prices remain flat over the last 12 months, as, we examine home prices in Wayne PA.  However, we expect sold prices to continue to increase 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 shrinking substantially.  This decrease in supply will continue to put upward pressure on prices.  So if you have been searching for the bottom in Wayne, it was likely reached last April with prices steadily increasing.  To make sure that you properly navigate this changing market, you'll want an agent that does a t...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Chesterbrook sales 2012     Chesterbrook carries a Wayne address but is in Tredyffrin Township, and is in part of Tredyffrin Easttown School District, it is a development of several sub developments of different names all grouped under the Chesterbrook name.   In 2012 Trend MLS reported there were 96 sales of apartments and town homes in Chesterbrook. There are also several single family homes in Chesterbrook, but this report does not cover those sales, that will follow later.   Homes vary from one and two bedroom apartments to three and four bedroom townhomes.   Valley Stream saw the most sales, with eleven homes selling, four one bedroom apartments priced between $152,000 - $161,600; five two bedroom apartments priced between $160,000 - $210,000, and two three bedroom apartments both ...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Chesterbrook in Chester County in Tredyffrin Township is a development of offices, homes, town homes and apartments in various sub developments scattered across a wide area located between the Pennsylvania Turnpike and Route 202. Chesterbrook has some wonderful landscaping with plenty of walking and jogging trails with easy access to Valley Forge National Park and the Schuylkill River Trail for those really active bodies. Chesterbrook has restaurants and shops located centrally and plenty of options close by in Wayne, Berwyn and Paoli. King of Prussia Mall is only minutes away as is Wegmans and Trader Joe's for those cooks looking for a good source of items for their creations. There are currently eight homes on the market five two bedroom units ranging in price from $180,000 in Washin...
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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 time of year everybody it seems has a story to share about a haunted house, I often get asked by clients when they are buying if a house might be haunted, for some it would be an absolute deal breaker, for others something of interest. Often we don't know, but can pass the question along to the owners of the home, in fact there are several cases moving through the courts right now in Pennsylvania to do with events that have happened in a home and whether they should be disclosed. Would you want to know about a haunted house? I think I would.   Anyway this week writer and paranormal investigator Laurie Hull from Springfield, PA will be historical lecture speaker on Thursday, October 25, presenting "Ghosts ... Spirits ... Main Line Haunts". Laurie has had a lifelong interest in ghost...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
What homes are for sale in Tredyffrin Township, PA as of December 19th 2011?   Tredyffrin is made up of homes in Berwyn, Devon, Paoli and Wayne. Homes in Chesterbrook all have Wayne postal addresses although they are in Tredyffrin as do the homes that are in Glenhardie and the dog leg area of Tredyffrin off King of Prussia Road. There are currently one hundred and eighty homes for sale, the lowest priced home is $119,000 for a one bedroom apartment in Glenhardie, the lowest priced single family home is $149,000 a three bed two bath home, the lowest priced twin is priced at $160,000 for three beds 1 full bath and two powder rooms, and the lowest priced town-home is priced $219,500 for a two bed two and a half bath town-home. The highest priced homes are a three bed two and a half bath ap...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Chesterbrook is a great place to live, location allows easy access to many local towns and sights and the home owner and condo associations maintain each sub-development well. Prices have been fairly stable even whilst the market in general has been challenged and there always seem to be some buyers looking for homes for sale in Chesterbrook. King of Prussia Mall is only minutes away, the new Wegman's Supermarket in King of Prussia will be opening shortly and the proximity of Valley Forge National Park allows plenty of opportunity for exercise and recreation, if you want a quiet restaurant or coffee shop many of the local towns have these in large supply. The loss of Genuardis in the shopping center has not seemed to hurt and whilst it is always hard to know exactly how many homes are f...
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By David Henke, Realtor, Homes Just West of Philadelphia PA
(Long & Foster Real Estate, Inc)
The Glenhardie Condos continue to be a prime residential choice for those looking in the King of Prussia / Wayne PA area. The Glenhardie Condominium complex is a great larger residential condominium community located in Tredyffrin Township Chester County with a Wayne PA address. They are located just north of Swedesford Rd and west of Route 422. This location has immediate access to Route 202, Route 422, and I-76 providing great commuting options throughout the greater Chester County, Montgomery County, Delaware County, and Philadelphia areas. Being just minutes from the King of Prussia Mall, Valley Forge National Park, and much of the Main Line, they offer an endless array of entertainment and dining options. The Glenhardie Condominiums were originally built between 1968 and 1970. Toda...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
In August we saw a big leap in the number of homes sold in T/E School district, on average these have been in the region of approximately 30 homes per month across the two townships. In August we saw it jump to 54 homes with it settling back in September to a more normal 35 homes settling between the two townships. These homes are across the range including one and 2 bedroom condos in Old Forge Crossing, Drummers Lane and Chesterbrook as well as single family homes upto million dollar properties around the townships. Homes in the higher end have generally been picking up during the year, although this month we see T/E sales only include about 10% of the sales in this higher price bracket. More homes in the mid range price brackets 400-800,000 have been selling as buyers wanted to be in ...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Conestoga High School has always appeared in the Newsweek list of Best High Schools and I noticed when the list was released a few weeks ago their name was missing and had tweeted and commented on Facebook about this. Well obviously the school district was concerned as well. Last night I got the school district newsletter containing this article: Newsweek Magazine's List of Best High Schools For the T/E community members who follow Newsweek magazine's annual America's Best High Schools story, you are aware that Conestoga High School (CHS) has been included in the list for the past several years, yet was absent from the list this year. Since the criteria Newsweek uses to determine rankings did not significantly change, we inquired about our status. We learned that Newsweek changed the wa...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
One of the few stations along the main Line to have been totally rehabbed, rather than restored, is Strafford just west of Wayne. All the platforms were rebuilt and the building was repaired and repainted. Ramps werte installed, pretty steep, so not sure if they are ADA compliant, but to get up them you will need help or some really strong arm muscles. The main station building. Eastbound platform looking west Westbound platform.
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
May 2011 the market treats Chesterbrook kindly. In May itself there were 63 listings, 12 homes came on the market priced from $195,000-$425,000. 6 went pending, and 7 settled so about half the number of homes coming on went pending although the number of total homes on the market grew As the number of homes grows, this does put pressure on prices and we are seeing constant price reductions every week to encourage buyers to make an offer. Does this work? Many buyers are just waiting it out and seeing if there is another price reduction rather than making an offer. If a home is well staged, clean, updated with newer kitchen and bathrooms, clean carpets or wood floors some buyers are jumping in. But many are still sitting on the sidelines waiting. Our view is until confidence returns to 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)
So hard to believe but we are already at the mid-point of May. What is our local Tredyffrin Easttown housing market doing right now? Well in the first two weeks of May 58 new listings entered the fray, 3 of these went under contract and 2 went pending. These 58 listings joined the others already on the market bringing the total of homes listed to 393, another 6 of the other homes also went pending and 11 settled. So in these first two weeks of May 58 new homes were added, 11 went under contract or pended and 11 settled, meaning that our market inventory increased by almost 13.5% in this past two week period. This is in line with what has been happening for the previous weeks as more people list their homes for sale and sales are not keeping up with the number of homes coming on the mark...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
If you live on the Main Line and work in center city Philadelphia there are not too many options for getting to work. Driving you can go via the Schuylkyll along the river and take your chances on traffic, head down route 30 Lancaster Ave and take some back roads, with a couple of alternatives when you reach City Line Avenue. Or you can take the R5 Septa line, that runs the length of the Main Line reaching out to Downingtown and Exton nowadays, when I moved here 20 years ago, many people felt the Main Line ended at Paoli, nowadays people commute from longer distances. However, we have a great listing in Tredyffrin Township, close to Strafford Station, that is walking distance, a Victorian style single family home with 4 beds 2 1/2 baths priced at $459,000. It will be open this Sunday Ma...
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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 is it that nobody really likes splits. I do. I live in one. And have lived in one for 9 years. We have quite a few of them in our area, so I guess people like them to a degree, but I always feel, given half a chance they would move out of them in a heart beat. Splits are always price a little lower then if the same house with the same amenities were a colonial. A very nice and large extended split just came on in our area for $715,000. It has a beautiful large 2 story kitchen family room extension, but its still a split. That's a lot of money for a split. I say that, because I'm "trained" to think that way. When Nick and I came to the US 20 years ago and looked at houses on the Mainline, we looked at a few splits. I loved them! They're so American. So apple pie. So homey. So approac...
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Chesterbrook, PA Over the last three months, closing out the end of 2010 sales in Chesterbrook have been slower than normal. 9 Townhomes sold and 10 apartments sold over this period. Interestingly, the price per sq foot for both came to $142, however the townhomes gained a little more in ratio to their asking prices at 96% of asking price whilst apartments reached 93%. This implies there is a little more interest in the townhomes than apartments. Garages in the townhomes did not affect price significantly, which in the past those with a garage obtained higher prices. Currently there are 12 townhomes on the market, of these 1 is under offer and 7 more are pending. There are 11 apartments for sale, with 4 of these under agreement and 3 more pending as well. This implies that the market se...
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