As mentioned in several recent posts, the local market is suffering from a lack of inventory. In Chester County the inventory absorption rate has dropped to just over six months, implying if no more homes came on the market, every home currently on the market would take just over six months to sell. Whilst this is unrealistic it does indicate compared to last year when the rate was well above fourteen months how the market has changed.
This lack of inventory is well indicated by the recent statistics for the Greens at Waynesborough located in Berwyn in Easttown Township off route 252 between Paoli and Newtown Square. Children attend Tredyffrin Easttown Schools, the elementary school is Beaumont, the middle school is the T/E Middle School and all students attend Conestoga High School. These homes built by Toll Brothers are located next to the Waynesborough Country Club and in the last six months only one house has sold a three bed three and a half bath home located on Annadale Drive for $725,000 with the home taking 151 days to sell. There are no other homes currently for sale in the development, although two homes have been listed priced between $999,000 and $1,049,000 although both are temporarily off the market.
If you are interested in buying in the Greens at Waynesborough call us to be your buyers agents and let us guide you through the development. However, we can also list your home for sale and our marketing system will get your home sold. We have lived in the Berwyn area for the last twenty two years and know it well.
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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