Leedom Estates continues to be a solid housing choice in southern Delaware County.
Leedom Estates is located just south of Chester Pike inRidley Township midway between Route 420/Wanamaker Avenue and Stewart Avenue. This location allows almost instant access to I-95 for easy commuting into Philadelphia or Wilmington. Chester Pike, Route 420, and I-476 afford easy access throughout Delaware County. Leedom Estates is only minutes from the Philadelphia Airport.
The community itself is a great mixture of single family homes and one and two story rows and twins. Construction began in 1940 with the single family homes centered on Rodney and Braxton and generally ranging in size from 1100-1900 square feet. Construction continued in the early 1940s with additional single family homes and some twins. Beginning in 1950 and continuing till the late 1950s Leedom rapidly expanded in all styles with homes beginning at 800 sqft.
Both home sale activity and pricing have remained more stable here than in many parts of the county. Activity peaked in 2006 with 26 sales but has only varied between 21 and 23 sales per year from 2007 through 2010. Pricing has also remained fairly stable.The average price was $168,000 in both 2006 and 2007. It then spiked to $185,000 in 2008 and quickly returned to $161,000 in 2009 and $163,000 in 2010.
Prices have seen an additional decline this year. Today, there are 14 homes on the market with an average asking price of $156,000. Three homes are under contract with an average list price of $126,000 while 12 homes have sold this year to date for an average sales price of $140,000.
With its great location, wide range of housing choices, reasonable and stable pricing, and strong community characteristics, Leedom Estates should remain a great housing choice for years to come.
Long & Foster Real Estate Inc – Devon,PA/Bear, DE
Office: 610-225-7400/Direct: 610-618-0808
(All statistics per the TrendMLS System and believed accurate but not guaranteed)