Welcome to Ballinahinch in Aston PA.
With well over 400 properties, Ballinahinch is conveniently located just off Pennell Rd / Route 452 in Aston PA. It is south of the intersection of Route 452 with Route 1/ Baltimore Pike and Rt 352/ Middletown Rd. The Granite Run Mall is just east of this intersection and Media Borough is just beyond. The Conchester Highway / Route 322 is to the south of the community providing immediate access to I95 and downtown Philadelphia to the east. Just beyond this intersection, Route 452 provides access to I-95 going south toward Wilmington Delaware.
The real estate pricing and activity has held up very well in the community. Looking only at the condominiums and townhomes, recent activity actually peaked in 2004 with 49 transactions. Since then, the sales pace dropped to 34 homes in 2005 and 26 homes in 2006 to level off at 20 in 2007, 22 in 2008, and 11 so far this year in 2009 with an additional 6 pending. The single family homes have had sales of 1-4 units each year.
Pricing has also leveled off rising from the $165,000 in 2003 to $178,000 in 2004, $206,00 in 2005 and $215,000 in 2006. Since then it has been fairly stable with average prices of $212,000 in 2007, $211,000 in 2008, and $216,000 in 2009 year to date. The average price should ease a bit since those currently under contract have an average list price of $199,000. There are also an additional 6 properties currently on the market with an average list price of $215,000. Pricing for the single family properties have been in the mid $300,000s for the last several years.
With its great location, amenities, and wide variety of housing choices, Ballinahinch should remain a popular housing choice in the area. Activity and pricing never reached the peak seen in other areas which should provide a good cushion for the real estate market going forward.
As always, if you have any questions or need any additional information, please do not hesitate to contact me.
(All statistics are per the TrendMLS System and believed accurate but not guaranteed)