(Be sure to check out the Haverford Hill update)
If you want to live outside the city but still crave the convenience of condo and town home living, you have a wide variety of options throughout Delaware County. The area contains a diverse collection of communities ranging from the east with traditional properties such as the Contemporary Village in Glenolden and the Wildman Arms in Lansdowne to the more recent additions to the north and west such as Green Countrie Village in Newtown Square and Runnymeade Farms in Edgmont Township.
With most of the communities under common maintenance, they allow the owners the flexibilty to come and go as they please knowing that their properties will be well tended. Many owners also look for easy access to primary transportation links. Two communities that are centrally located in the county close to major county crossroads are the Haverford Hill Condomiums and the town homes in the adjacent communities of MarpleWoods and San Francisco East.
The Haverford Hill Condominiums are located just east of the intersection of I-476 (The Blue Route) and the West Chester Pike on Glendale Road in Havertown, Haverford Township. They include over 400 one, two, and three bedroom units in several traditional buildings. This location affords easy commuting options both locally as well as into much of the Main Line, east and west along West Chester Pike, and to points outside the immediate area using The Blue Route.
In Haverford Hills, the pricing has remained fairly solid over the last several years with the two bedroom units rising from an average price of $149,000 in 2005 with 18 sales to $162,000 in 2007(14 sales) and $163,000 in 2008(9 sales). In the last six months 3 units have settled with an average price of $162,000 and an additional eight are currently on the market for an average list price of $174,000. The average price will be coming down as there is currently one unit pending with a list price of $149,000.
One exit to the south on the Blue Route (I-476) at the Route 1 intersection in Marple Township, you can take advantage of the adjacent communities of Marple Woods and San Francisco East located just to the west of the freeway. Located at the top of a hill north of Old State Rd, these communities contain over 200 town homes in a nice private environment. This location provides you with easy access to much of the area by both Route 1 (which becomes Township Line Rd and then City Ave as you head further north and becomes Baltimore Pike to the south) and I-476. You are also just minutes from Route I-95 and the airport.
With a nice mix of mostly two bedroom units in both communities, the average sales price has remained between $203,000 and $207,000 from 2005 through 2008. In the last six months, there has only been one sale for $190,000 and it appears prices are also heading down here with the current list prices averaging $205,000. This mirrors what we have been seeing in many communities in the county.
These are just two of the many options in the area. If you want to take advantage of suburban Philadelphia living but still want the convenience of condominium or townhome living, you have plenty of options from which to choose.
Feel free to contact me to investigate all the possibilities. Click here to view their exact locations on the blog map.
(All statistics are from the TrendMLS System and believed accurate but not guaranteed)