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Radnor Home Prices reflect rebounding homes market

Last week I stopped by a wonderful home on South Wayne Avenue in Wayne priced at $1.4 million, it had just come on the market and had a beautiful swimming pool and good size rooms. I noticed it is already under contract, which does not surprise me as I thought it was really well priced for a walk to Wayne location and for the quality of the home.

I recently ran the numbers for Radnor sales for last quarter to see what is happening. Price per square foot has risen on sales of 80 single family homes that have square feet space available, this excluded two homes that did not list square feet, to $219 per square foot. Days on market had risen to 124, but price ratio of sold to list had also risen to 95% all compared to the last quarter of 2011. 

Compared to quarter 2 in 2011 price has dropped from $235 per square foot to $219. So we are seeing higher prices, but longer time on market as an average although as the story above shows, when a home is priced realistically it will sell quickly.

If you are looking for homes in the Radnor area we would love to help you, or if you are thinking of selling a home in Radnor we can explain our marketing plan and how we intend to help you fulfill your goals.

 

 

If you are buying or selling on or around Tredyffrin Easttown or along the Main Line we can help you,  contact us or connect

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Radnor Home Prices reflect rebounding homes market
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Last week I stopped by a wonderful home on South Wayne Avenue in Wayne priced at $1. 4 million, it had just come on the market and had a beautiful swimming pool and good size rooms. I noticed it is already under contract, which does not surprise me… more
If your existing mortgage is an FHA loan
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Recent changes could lower your monthly payment Effective June 11 2012 the Federal Housing Administration (FHA) is lowering their mortgage insurance premiums for qualified customers who meet certain criteria. Lowering the insurance costs… more