Cedar Grove Farms home prices have eased a bit but activity remains steady.
Since the Cedar Grove Farms Market update last August, prices have eased while activity has remained steady. As we saw, in 2010 through August, there were 2 home sales with an average sales price of $631,000. There were no additional sales in 2010. In 2011 year to date, there have been three sales with an average sales price of $584,000. All three homes were 4 bedroom properties with final sale prices of $565,000, $589,850, and $600,000. Only one property had a seller's concession and it was only for $350.
In addition, there are currently 5 homes on the market ranging in price from $549,900 to $629,000. There are four 4 bedroom properties and one 5 bedroom with listed square footage ranging from 3032 sqft to 4364 sqft. The 5 bedroom home has a 3 car garage while the balance have 2 car garages.
Home prices and sales activity continue to hold up better here than in many local areas. With it's ideal combination of location, amenities, and pricing, Cedar Grove Farms should continue to be a great choice.
Long & Foster Real Estate, Inc
Devon PA/Wilmington DE
Direct:610-618-0808 - Office:610-225-7400
(All statistics per the TrendMLS System and believed accurate but not guaranteed)