Suburban Philadelphia Real Estate News


Folcroft Station SEPTA R2 Regional Rail

Amtrak Northeast Regional Passes Folcroft Pennsylvania Station

Today we're visiting the Folcroft Borough Station of the SEPTA R2 Regional Rail Line connecting Center City Philadelphia with Newark Delaware.

Folcroft is a great community incorporated in 1922 and conveniently located in southeastern Delaware County PA.  The station itself is located just east of the Primos Ave overpass (Primos Ave becomes Oak Lane as you travel further north).  It is the fifth stop west of 30th Street Station, with a 15 minute scheduled travel time to downtown.  The SEPTA R2 line actually parallels the main Amtrak Northeast Corridor rail lines from Center City through Newark DE, although Amtrak does not currently stop here.  The station also offers easy connections with several bus routes and has parking and plenty of space for pick up or drop off of passengers.  The video will provide a better view:

Immediately adjacent to the station there is a mix of single family homes, twins, and rows.  Throughout the borough, row homes are the most common construction and the largest development is Delmar Village to the south.  Like most areas in Delaware County and Suburban Philadelphia, the prices here have been drifting down for the last couple years.  The average sale price in 2007 was $129,000 which dropped to $118,000 in 2008, and to $92,000 so far this year.

Needless to say, activity has also taken a hit recently due to the overall economy.  There are currently 40 homes listed as active on our MLS with 5 pending and 44 having been sold in the last six months.  At this rate you are currently looking at almost six months to absorb the current inventory.  The average price for those listed is $137,000, while the 44 that have settled have averaged $116,000 (the 5 pending homes have an average list price of $114,000). 

With the economic stimulus bill that is now working its way through Congress, this area of Delaware County could be one of the first to benefit.  Being only minutes from the Philadelphia International Airport and I95 by car and with its convenient location on the R2 Rail Line, it retains many advantages as a place to be called home and one of the first that many buyers consider.

As always, if you need anything, please do not hesitate to contact me anytime for any questions just west of Philadelphia Pennsylvania.

(All statistics from the TrendMLS System and believed correct but not guaranteed)

David Henke

Comment balloon 0 commentsDavid Henke • February 08 2009 05:06PM
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