R5Realty News and Notes

Market Snapshots and Commentary on Value and Quality of life along the former Main Line of the Pennsylvania Rail Road, up until recently called the R5 Line, and now officially known as the Paoli /Thorndale line. R5Realty runs from Center City Philadelphia through the walkable, Westward outlying Towns & Townships.

Wednesday, August 15, 2012

Big 3 Condos in Lower Merion Dominate Market Share

Twenty-four condominium Buildings in Lower Merion saw transactions in the first 7-plus months of 2012, yet half the sales were in one of the Big 3: Presidential (Bala Cynwyd), Greenhill (Wynnewood), or Oak Hill (Penn Valley). Presidential and Green Hill both include utilities their monthly fees, while Oak Hill does not. Deals and luxury are available in all these buildings and each speaks to a different clientele.

The Presidential is just off the junction of City Ave (Rt.1) and I-76 (Schuykill Expwy). Convenient to points East, West and North, this high-rise is long on convenience and functionality. The Greenhill is Southward down City Ave, situated next to Lankenau Hospital and the closest of these abodes to Delaware County and points South. Oak Hill is the most bucolic and diverse of the Big 3, offering low-rise, hi-rise and townhouse options in a more-wooded setting, convenient to I-76 and points Westward such as King of Prussia and Conshohocken

2012 Prices Paid to Date in Lower Merion's Three Most-Active Condominium Communities

Building AddressDevelomentBedsBathsSq Ft.Fee/Mo.Sold For
1001 City Ave EE420Green Hill11910$570$60,000
1001 City Ave ED730Green Hill111,014$570$64,000
1001 City Ave WB310Green Hill11910$570$65,000
1001 City Ave EC1111Green Hill11910$570$67,500
1001 City Ave EE527Green Hill11910$564$68,000
1001 City Ave EC911Green Hill11910$556$73,500
1001 City Ave WB416Green Hill221,222$880$89,500
1001 City Ave WB417Green Hill221,222$748$94,000
1001 City Ave EC1007Green Hill221,222$717$95,000
1001 City Ave WA204Green Hill221,222$767$105,000
1001 City Ave WA506Green Hill221,222$767$105,000
1001 City Ave WA402Green Hill221,222$880$107,000
1001 City Ave EE325Green Hill221,222$880$111,000
1001 City Ave WB611Green Hill221,222$860$115,000
1001 City Ave ED715Green Hill221,222$880$132,000
1001 City Ave ED715Green Hill221,222$880$135,000
1650 Oakwood Dr E111Oak Hill11858$295$108,000
1640 Oakwood Dr W311Oak Hill11858$295$129,000
1650 Oakwood Dr E104Oak Hill11858$295$130,000
1600 Hagys Ford Rd 1NOak Hill331,385$873$150,000
1650 Oakwood Dr E221Oak Hill221,120$395$160,000
1600 Hagys Ford Rd 6FOak Hill221,495$821$180,000
1750 Oakwood Ter 15AOak Hill221,247$442$200,000
1640 Oakwood Dr W-306Oak Hill221,144$406$205,000
1650 Oakwood Dr E-205Oak Hill221,144$400$222,500
1750 Oakwood Ter 15HOak Hill221,299$455$237,000
1600 Hagys Ford Rd 4Y/4ZOak Hill32.12,000$1,016$255,000
191 Presidential Blvd R403Presidential 11971$869$85,000
191 Presidential Blvd R419Presidential 111,371$874$92,500
191 Presidential Blvd R300Presidential 221,391$969$100,000
191 Presidential Blvd R402Presidential 221,480$979$100,000
191 Presidential Blvd R315Presidential 11915$717$110,000
191 Presidential Blvd R705Presidential 221,764$1,602$119,000
191 Presidential Blvd R717Presidential 221,764$1,281$150,000
191 Presidential Blvd R408/Presidential 221,912$1,509$156,000
191 Presidential Blvd R1028Presidential 221,877$1,242$275,000
191 Presidential Blvd R504Presidential 222,169$1,953$399,000
191 Presidential Blvd R914Presidential 432,919$2,539$400,000