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.

Friday, August 24, 2012

Havertown Home Prices Summer 2012 Present Excellent Alternative to Pricier Lower Merion

Prices in Havertown/Haverford Township - the next school district over from Penn Wynne and Lower Merion - can run 10-20% less than Lower Merion School District. The schools are quality and the community is solid, though each has somewhat less prestige than Lower Merion. This doesn't mean folks are not enjoying high quality of life, good schools and larger more updated houses for less money. In many cases, its just the designer Lower Merion label and Mainline moniker that one does without. But by the same token, while a Havertown house may cost less going in, the growth for resale will likely follow suit due to erroneous but hard to shake status assumptions versus Lower Merion.

Havertown is a generally stable and mature suburb, with most construction 50+ years old. Neighborhoods are well-settled, knitted, family-oriented.and decidedly residential. With some significant exceptions, such as quaint Brookline, much of Havertown lacks great walkability to shopping, restaurants, attractions. Subdivisions created with the automobile in mind mean most outings involve a short drive; however, the quality Pre-Vietnam era planning pays off with generous backyards and plenty of public park space. It's a good bet you will live within a short walk to a quality park.

Prices Paid for Single Family Homes in Havertown, Pa. During July & August 2012

Street AddressSold ForBedsBathsSq Ft.Listed For
314 Francis Dr$127,000 31.12,112$144,000
721 Howard Ave$145,000 21700$145,000
1201 Garfield Ave$185,000 42.13,032$199,000
352 Glen Gary Dr$211,000 31.11,656$226,900
1818 Rose Tree Ln$216,000 421,694$219,900
44 Rodmor Rd$217,500 41.11,254$225,000
1711 Tyson Rd$231,000 32.21,854$230,000
302 Glen Ridge Rd$235,000 31.11,597$249,900
214 Strathmore Rd$235,000 411,706$229,000
406 Devon Rd$238,500 311,292$249,000
101 Greenbrier Ln$240,000 31.11,344$249,900
613 Covington Rd$249,500 311,367$249,500
625 Merion Ave$249,900 21.11,462$249,900
139 Wyndmoor Rd$250,000 31.11,530$255,000
1414 Brierwood Rd$255,000 42.12,134$260,000
301 Sagamore Rd$260,000 411,812$250,000
1735 Green Valley Rd$267,000 32.11,890$275,000
49 Braeburn Rd$267,000 321,540$259,900
301 Greenview Ln$273,000 41.11,523$289,900
214 Heatherwood Rd$275,000 331,393$279,000
204 Pine Ridge Rd$280,000 31.11,628$297,500
105 Columbus Ave$285,000 42.12,967$299,900
1425 Sunnyhill Ln$285,250 321,528$296,000
229 Brookline Blvd$289,000 41.11,868$285,000
110 Myrtle Ave$293,000 32.11,630$294,500
116 N Belfield Ave$300,000 321,720$315,000
108 Colfax Rd$305,000 41.11,927$309,000
6 Chelton Rd$312,000 61.13,072$325,000
216 David Dr$315,000 32.11,878$335,900
320 Glen Ridge Rd$319,000 31.11,564$319,000
116 Decatur Rd$320,000 31.11,901$300,000
13 Maryland Ave$322,500 321,504$334,900
240 E Turnbull Ave$339,000 32.11,566$339,000
1627 Surrey Ln$340,000 321,889$347,000
628 Penfield Ave$344,500 31.11,950$357,500
1401 Virginia Ave$362,400 432,500$364,900
18 Nancy Dr$362,500 42.12,600$374,900
713 Penfield Ave$366,000 33.12,176$369,900
2726 Woodleigh Rd$369,500 42.11,908$375,000
7 Joann Cir$372,000 42.22,874$399,999
533 Washington Ave$400,000 42.21,925$435,000
114 Terra Alta Cir$420,000 32.12,525$419,900
221 Wendover Dr$425,000 42.12,500$455,000
1254 Fairview Ave$440,000 42.13,360$450,000
205 E Eagle Rd$455,000 42.13,500$465,000
104 N Morgan Ave$472,500 53.33,208$500,000