Suburban Philadelphia Real Estate News

head_left_image

Thornbury Township Chester County PA Home Sales Update

Thornbury Township in Chester County PA continues to have solid home sales with rising prices.

Founded in 1687,  Thornbury Township in Chester County has been a mainly rural area until recently with new residential development throughout the township. Unlike many local townships in Chester and Delaware Counties in Pennsylvania, Thornbury Township has not followed the general up and down home sale pricing trends seen throughout the area. Average prices have varied on a yearly basis but overall have managed to remain more stable than many local areas. This may be changing as prices look to move higher in 2017.

Between 2004 and 2016 the highest average sales price was $562,000 and the lowest average sales price was $442,000. These happened in adjacent years. In 2009, there were only 24 home sales at an average sales price of $544,000. In 2010, sales recovered nicely to 37 sales but prices dropped to an average low of $442,000. Seeing the activity, prices rose to an overall average high of $562,000 in 2011 but sales dropped to a low of 22 sales for the year. Since then, home sale prices have remained in a range of $478,000 to $540,000, and yearly sales have been between 31 and 44 sales per year.

Based on the numbers year to date in 2017, we may finally be in an uptrend. 109 Red Lion Rd Currently there are 17 properties on the market with an average asking price of $616,000. Eight properties are under contract with an average list price of $601,000. There have also been 17 sales with an average sales price of $602,000 (96.79% of list price) with an average of 41 days on the market. If activity continues to be strong, average prices could reach a new high this year.

With its prime location on Route 926 and Route 202 providing easy access to West Chester, Wilmington, and all of Chester and Delaware Counties, Thornbury Townhip is well positioned to remain a popular housing choice for years to come. This should allow home sales activity and pricing to remain stable and strengthen going forward.

David Henke
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com

 (All statistics per the TrendMLS System and believed accurate but not guaranteed)

 

 

Comment balloon 0 commentsDavid Henke • July 10 2017 02:40PM
Thornbury Township Chester County PA Home Sales Update
share
Thornbury Township in Chester County PA continues to have solid home sales with rising prices. Founded in 1687, Thornbury Township in Chester County has been a mainly rural area until recently with new residential development throughout the… more
Happy July 4th 2017
share
Happy July 4th! A bit of a soggy mess to end a great day but it looks like it will be clear so the fireworks can go on… I hope everyone had a great holiday. Enjoy the rest of the summer. Happy 4th! David Henke Long & Foster Real… more
Chester County Home Sales Update First Half 2017
share
For the first half of 2017, the Chester County housing market continues to strengthen and looks to remain strong through the balance of 2017. As of July 1 throughout Chester County, there were 2, 541 properies currently on the market, 1, 271 homes… more
Happy Summer 2017
share
Have a Great Summer This Year! A bit cloudy to start but hope everyone has a great and relaxing summer! David Henke Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE Office: 610-225-7400/Direct: 610-618-0808 http://www… more
Happy Easter 2017
share
Happy Easter 2017 A perfect April morning for a Riverfront Easter Sunrise Service in Wilmington Delaware. Take some time to reflect, relax, and enjoy the day. David Henke Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE Office: 610… more
Ridley Park PA - Home Prices Steady with Rising Activity
share
Home sales in Ridley Park Borough PA continue to rise while prices remain steady. In the 1870's, the Philadelphia, Wilmington, and Baltimore railroad was developing a new line into Chester. They hired an architect and planned a new community… more
Haverford Township PA Home Sales Update
share
Haverford Township continues to see solid home pricing with increasing sales activity. Located in the northeastern part of Delaware County just to the west of the Blue Route (I-476), Haverford Township has been a very popular community along the… more
Delaware County PA Home Sales Continue to Improve
share
Delaware County PA home sales continue to improve in 2017. It just keeps getting better. As of April 5, 2017 throughout Delaware County, there were 2312 properties on the market, 1050 under contract, and 1312 properties have settled since the first… more
Happy New Years 2017!
share
Relax, Enjoy, and Recharge for a great 2017! David Henke Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE Office: 610-225-7400/Direct: 610-618-0808 www. DelawarePAHomes. com more
Happy Veterans Day 2016
share
Happy Veterans Day David Henke Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE Office: 610-225-7400/Direct: 610-618-0808 www. DelawarePAHomes. com more