Sometimes, less really is more.
Sometimes you just need to simplify your life. You may be looking for a first home, downsizing from a larger space, need a second home locally, the possibilities are endless, but you often are looking for a less complicated lifestyle. One bedroom properties can often be the perfect answer.
There are a great variety of options in Suburban Philadelphia - Delaware County PA. Most one bedroom properties are in condominium developments, but there are generally some row homes and single family homes available. Particularly for many 1 bedroom homeowners, condominium complexes can often be most convenient since their homeowners dues generally cover exterior maintenance and often some utilities. This allows the owner to come and go as they please without the concern of property upkeep.
Currently, there are 49 one bedroom properties on the market in Delaware County. Forty one(41) are condominiums and 8 are either single family homes or twins/rows. Average pricing for Delaware County is $142,000 but individual 1 BR properties range from $35,000 to $595,000 so you have a large variety of price points from which to choose.
Options are scattered throughout the county. Toward the north, centrally located on the Main Line, one of the most popular is the Radnor House in Rosemont PA. This is a nice high rise condominium complex with many amenities and an average 1BR sales price of $144,000. Toward the southeast, just minutes from the airport is the Contemporary Village in Glenolden Borough with prices averaging $56,000. This complex is also located adjacent to the SEPTA R2 Regional Rail Line for easy commuting.
To the west, Hilltop is conveniently located just off Route 352 in Brookhaven Borough with ten units having sold over the last six months at an average of $104,000. Just south of the intersection of Route 252 and West Chester Pike (Route 3), The Terrazza in Newtown Square is one of the most luxurious residences in the area with new buildings still under construction and current prices averaging $386,000.
These are just a few of the wide range of options available in the area but provide some good examples of the diversity of properties in the market. Large or small, high rise or garden, single family or condominium complex, you can find what you are looking for in Delaware County with easy access by rail, road, and plane to all the region has to offer.
With interest rates down, prices moderating, and inventory strong, this is an excellent time to be in the market. Regardless of the prince range, if you are considering selling or buying a one bedroom property, please feel free to call me anytime to discuss the possibilities.
(All statistics from the TrendMLS System and believed accurate but not guaranteed.)