Welcome to the Elwyn R3 SEPTA Regional Rail Station - the last stop on the line.
The SEPTA R3 Regional Rail Line provides service from Center City Philadelphia out through Media to the Elwyn station. Although this line originally ran to West Chester, service beyond Elwyn was suspended in 1986. Today plans are under way to restore SEPTA service to the WAWA station as early as 2011.
The Elwyn Station is located in eastern Middletown Township and is the only Middletown Regional Rail stop. The station itself is adjacent to the Elwyn's 400 acre campus just east of Middletown Rd on Elwyn Avenue. It is a popular commuter station with over 200 parking spaces and plenty of space for dropping off and picking up passengers. The video will provide a better feel for the area:
Middletown Township was one of the first places in the county to feel the surge of real estate activity in the early 2000's. Earlier than most areas, sales activity actually peaked here in 2003 with 174 sales and remained high with 157 sales in 2004 and 167 sales in 2005. Since then activity has fallen quite a bit to 154 units in 2006, 143 in 2007, 109 in 2008 and to only 34 year-to-date in 2009. There are an additional 27 properties currently under contract.
In that same period, average sales prices rose from $326,000 in 2003 to top out at $387,000 in 2007. This average then fell to $361,000 in 2008 and to an average of only $299,000 so far this year. The average is expected to rise as additional pending homes settle - they currently have an average list price of $433,000. Today, there are an additional 74 homes on the market with an average asking price of $551,000.
Due to its central location, easy road access, and commuter rail options, Middletown Township should remain as one of the more popular areas to reside in the county. It is also home to some potential major new development as the Franklin Mint site continues through the redevelopment process.
As always, if you are considering a move in the area or need any information, please feel free to contact me anytime.
(All statistics per the TrendMLS System and believed accurate but not guaranteed)