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Lawrence Park Delaware County Remains a Great Option

 

Lawrence Park Pennsylvania Split Level HomesSince development began in the 1950s, Lawrence Park has remained one of the most popular communities in Marple Township Delaware County PA.  It is situated just east of Lawrence Road, north of Sproul Road, and west of the Blue Route, I-476.  Lawrence Park Shopping Center was built at the same time and still anchors the corner of Sproul and Lawrence Roads.  Just to the south lies Lawrence Park Industrial Park with a mix of commercial and light industrial businesses and further south is Cardinal O'Hara High School.  It is just minutes from the I-476 Marple Broomall exit providing easy commuter access throughout the region. 

The community was originally planned with approximately 1200 homes and was developed by Ralph Bodek - one of the leading developers in  suburban Philadelphia at the time.  Split level designs predominate but there are a variety of other floor plans available throughout the community.  In addition, there are condos and apartments adjacent to the single family homes affording a wide choice of housing for anyone moving into the area.  The development is also part of the Marple Newtown School District with the Wilmer F Loomis Elementary School conveniently located in the center of the community.  Next to the school is the Lawrence Park Baseball fields which are the home to the South Marple Little League.

Lawrence Park PennsylvaniaReal estate values have held up very well over the years and continue to be relatively stable even in this market.  As we have seen in most areas, prices for the single family homes here declined from an average price of $317,000 in 2007 to $302,000 in 2008 along with a corresponding decline in activity from 38 sales in 2007 to 20 in 2008 (in 2006 there were 31 sales at an average price of $310,000).  Today there are seven homes on the market with an average list price of $350,000 and three pending sales with an average $294,000 list price.  Recently, the $300,000 level has been a very strong price point in Delaware County.

With its location just west of Philadelphia, Lawrence Park continues to be attractive for people looking for more space in a pleasant suburban location but still with easy access to all the region has to offer.  Even in this economy, the community would be expected to hold its value relatively well as compared to other developments.

If you need any information or have any questions, please feel free to contact me anytime.

David Henke

(All information from TrendMLS is believed accurate but not guaranteed)

 

Comment balloon 0 commentsDavid Henke • February 10 2009 09:19PM
Lawrence Park Delaware County Remains a Great Option
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Since development began in the 1950s, Lawrence Park has remained one of the most popular communities in Marple Township Delaware County PA. It is situated just east of Lawrence Road, north of Sproul Road, and west of the Blue Route, I-476… more