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, February 23, 2011

Some Narberth Homes Selling Faster Roy Halladay Heater

Two attractive Narberth homes went swiftly under contract this week, as did a promising center-hall colonial in Bala Cynwyd's College Park section. Each of these properties had their own distinct charms, but what they share in common is they each were quickly plucked off the market faster than a Roy Halladay fastball whooshes past a hapless New York Met!.
 218 Forest Ave. Narberth $469,000

The past couple years, most Main Line homes have tended to have their time "on market" measured in months, but 218 Forest Avenue  ($469,000 Prudential) was posted "under agreement" * less than two-weeks after the 4-Bed, 2.5 Bath Narberth home made its debut on the market. I toured the home and found it handsome but was most impressed with its location on quiet, tree-lined Forrest Avenue, which gently slopes upward just blocks from downtown Narberth and thusly sees relatively little traffic or owner turnover.

339 Dudley was offered at $384,900
A smaller 3-Bed, 1-Bath at  339 Dudley Ave. (Long & Foster) in Narberth was listed "under agreement" on February 22, just 23 days after hitting the market. Like the home at 218 Forrest, the 1862 sq. foot Dudley Avenue house had a prime location, nice updating, but indicated no central air conditioning.

$450,000 was list for 515 Oxford Rd.
This week's winner in  R5Realty's Rush-to Buy Sweepstakes was  the air-conditioned, stone and brick colonial at 515 Oxford Rd. in Bala Cynwyd, which lasted just over 72 hours before having its "Active" status modified on the Realtors' multiple listing service.

While each of the above homes is currently "under contract" to be sold, all have contingincies related to their accepted offers. This is completely standard, and it is possible one or all may eventually return to market for lucky future homeowners. You can check the latest status with Prudential (R5Realty's) Buyer-Agents Ted and Heather Gross via email or phone, 610.348.7972.


Bottom line is the Home-Buying season is here, and despite national malaise, the most attractive, smartly-priced and well-located homes are still awarded to the buyers/bidders who work with a full-time Realtor that knows the local market and who is poised to help buyers act intelligently and swiftly.

*(Update 2.25- Since this original posting the agreement for 218 Forest Ave. has been negated and this home is once again Active and up for grabs).