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.

Tuesday, April 5, 2011

Center City Philadelphia Home Prices Paid March 2011

Center City Philadelphia's Rittenhouse Square by Charles Cushing
Center City Philadelphia homes for sale, which settled in March 2011, are indicated in the chart below. This list includes homes that sold for under one million and is comprised primarily of condominiums, which usually carry monthly association fees that can run into the hundreds of dollars.

For an inventory list of all condominiums or single family homes Currently on the Market in your price range, we welcome your Email or Phone Call at 610.348.7972.  We're also happy to chat about all things Philadelphia real-estate related, regardless of your level of involvement in the housing market. First-time buyer questions are especially welcome.



March Prices Paid up to One Million For Center City Philadelphia Homes 

Street Address Bed Bath Last Ask Sold For
1900 JFK Blvd 1216 1 1 $69,900 $69,000
1919 Chestnut St 2111 0 1 $139,000 $132,000
109 S 21st St 2 1 1 $165,000 $157,000
1420 Locust St 6P 1 1 $235,000 $224,000
1500 Chestnut St 10E 1 1 $244,900 $240,000
1919 Chestnut St 506 2 2 $260,000 $244,000
1500 Chestnut St 3H 1 2 $269,000 $265,000
1600-18 Arch St 1804 1 1 $289,900 $283,000
1823 Pine St 4 1 1.1 $319,000 $297,000
1919 Chestnut St 2219 2 2 $350,000 $315,000
1600-18 Arch St 803 1 1 $339,900 $321,000
1420 Locust St 36A 2 2 $399,000 $375,000
23 S 23rd St 3A 1 1.1 $399,000 $399,000
1600-18 Arch St 620 1 1 $429,900 $425,000
1425 Locust St 6A 2 2 $479,900 $455,000
2101 Market St 3505 1 1 $480,000 $480,000
2225 Pine St 3 2 $650,000 $615,000
1600-18 Arch St 1718 2 2 $659,900 $652,500
2007 Pine St 2 3 2.2 $699,900 $670,000
1917 Panama St 3 2.2 $809,900 $736,700
1425 Locust St 26A 2 2.1 $799,900 $750,000
250 S 18th St 902 2 3 $799,000 $765,000
50 S 16th St 4404 1 2 $816,080 $800,000
1632 Spruce St 200 3 2.1 $995,000 $935,000

Art Museum Area Homes For Sale: March Sold Prices

The Philadelphia Art Museum anchors a wonderful urban vaillage.
Below are  Philadelphia Art Museum Area Neighborhood condo and single family home sales for March 2011, up to $1 million. Any address with a unit number is a condominium and usually carries additional monthly association fees. Also the Last Ask Price indicated below was the List Price just prior to the home selling. In many cases, the initial asking price was markedly higher before being reduced to what is below.

For more detailed information on these sales and Art Museum Area homes for sale currently, send us an email or give us a call 610.348.7972. Whether just exploring the market for future activity or actively preparing to buy or sell a home, we're delighted to chat, share information on the area, or answer any real estate questions.


Philadelphia Art Museum Area Neighbohood Home Sales March 2011

Street Address Bed Bath Last Ask Sold For
3012 W Harper St 3 1 $95,000 $71,000
1926 Poplar St #3 2 1 $189,000 $173,500
890 N Stillman St 2 1 $199,900 $180,000
1537 Fairmount Ave 2R 2 1.1 $209,900 $209,900
856 N Bailey St 2 1 $219,000 $218,000
1535 Fairmount Ave 2F 2 1.1 $239,900 $232,500
1537 Fairmount Ave 2F 2 1.1 $269,900 $257,500
2726 Reno St 2 1 $279,900 $274,000
802 Corinthian Ave A 2 1.1 $289,900 $276,000
870 N 21st St 3 1 $289,000 $280,000
813 N Stillman St 2 1 $299,999 $283,000
2001 Hamilton St 925 2 1 $299,900 $284,700
802 Corinthian Ave B 2 2 $304,900 $300,000
1929 Wallace St 2A 2 2 $329,900 $310,000
2222 Brandywine St 4 2 $359,000 $322,000
816 N 28th St 3 1.1 $369,000 $350,000
2527 Meredith St 2 1.1 $389,000 $369,000
913 N 28th St 3 3 $379,900 $370,000
2533 Swain St 3 2 $399,000 $376,100
815 N Woodstock St 6 2.1 $399,900 $385,000
2007 Poplar St 3 2.1 $425,000 $405,000
2521 Brown St 4 2 $445,000 $420,000
2338 Fairmount Ave A 3 2.1 $449,000 $432,500
650 N Sydenham St 4 3 $549,900 $507,000
1900 Hamilton St 803 2 2 $549,000 $532,500
1535 Fairmount Ave 1 2 2 $279,900 $265,000

Saturday, April 2, 2011

Lower Merion Home Prices March 2011

523 Owen Rd: $435k recorded sold price, but buyers actually paid only $417.5k
 This wonderful 1800sf  Tudor - directly across from Lower Merion High School -  is our "Main Line Sale of the Month for March."  With a beautiful updated kitchen, plenty of baths and lovely landscaped back garden area, I was shocked this house lasted several months on the market before my colleagues, Dan and Gary put satisfied Seller and lucky Buyer together for a very reasonable net purchase price of $417,500 after Seller Concessions. Below are Lower Main Line homes sold in March 2011, up to $1million. Note "Last Price" indicated list price prior to sale; however most home originally listed higher.

Lower Merion Homes Sold During March 2011 between $100,000 - $1,000,0000

Street AdressBedBathLast PriceSold ForTown 
104 W Montgomery Ave B11$155,000 $130,000 Ardmore
60 Holland Ave,  PA52$200,000 $200,000 Ardmore
361 E Spring Ave31.1$295,000 $295,000 Ardmore
115 E Montgomery Ave 2A32.1$1,050,000 $1,000,000 Ardmore
318 Parsons Ave31$229,900 $210,000 Bala Cynwyd
190 Presidential Blvd #40611.1$299,000 $240,000 Bala Cynwyd
50 Belmont Ave 110822$309,000 $299,000 Bala Cynwyd
117 Upland Ter51$315,000 $310,000 Bala Cynwyd
190 Presidential Blvd 61322.1$579,000 $535,000 Bala Cynwyd
930 W Montgomery Ave 41022$199,000 $182,500 Bryn Mawr
1050 Broadmoor Rd34.1$675,000 $625,000 Bryn Mawr
1054 Broadmoor Rd44.1$700,000 $690,000 Bryn Mawr
341 N Ithan Ave63.2$995,000 $855,000 Bryn Mawr
936 Crestmont Rd54.1$950,000 $938,000 Bryn Mawr
1401 Monk Rd54.1$699,000 $662,500 Gladwyne
1032 Fairway Ln65.1$940,000 $900,000 Gladwyne
100 Grays Ln 30633.1$725,000 $672,000 Haverford
504 Montgomery Ave32$320,000 $320,000 Merion 
340 Woodley Rd53.1$825,000 $835,000 Merion 
1655 Oakwood Dr N41511$117,000 $120,000 Narberth
302 Windsor Ave A22$254,900 $249,500 Narberth
107 Iona Ave32.1$364,900 $341,550 Narberth
518 N Essex Ave31.1$384,000 $366,000 Narberth
406 S Narberth Ave52.1$415,000 $402,000 Narberth
203 Forrest Ave52$425,000 $425,000 Narberth
548 Sprague Rd,  PA42.1$599,000 $475,000 Narberth
211 Woodside Ave52.1$537,500 $526,000 Narberth
1028 Montgomery Ave31.1$207,000 $200,000 Narberth,
464 Brookhurst Ave41.1$269,900 $250,000 Penn Valley
742 Mount Moro Rd43$749,000 $625,000 Villanova
1201 Valley Rd54.1$765,000 $762,000 Villanova
721 Mount Moro Rd43.1$890,500 $879,000 Villanova
1001 City Ave WB111011$92,000 $77,500 Wynnewood
1001 City Ave EE32022$129,999 $129,999 Wynnewood
225 Rock Glen Rd31.1$174,900 $170,400 Wynnewood
1219 W Wynnewood Rd 61122$184,500 $185,000 Wynnewood
259 Trent Rd,  PA31.1$249,900 $225,000 Wynnewood
1465 Drayton Ln31$244,900 $230,000 Wynnewood
1001 City Ave EC80632.1$262,000 $262,000 Wynnewood
32 Henley Rd53.1$375,000 $370,000 Wynnewood
1005 Woodcircle Dr32.1$449,000 $395,000 Wynnewood
280 Trent Rd42.1$399,000 $398,000 Wynnewood
721 Sussex Rd43$415,000 $400,000 Wynnewood
1503 Sheffield Ln42.2$449,000 $420,000 Wynnewood
523 Owen Rd32.2$439,000 $435,000 Wynnewood
1014 Clover Hill Rd32.1$475,000 $460,000 Wynnewood
634 Greythorne Rd42.2$499,000 $509,000 Wynnewood
562 Manor Rd,  PA43.1$650,000 $616,000 Wynnewood

Call us Direct- 610.348.7972.for More Details about these transactions or to inquire about any home for sale in the Philadelphia and surrounding areas, we welcome your inquiries:
Or email us: Info@R5Realty.com.  Ted & Heather Gross (R5Realty.com) are Narberth Realtors with Prudential.