Suburban Philadelphia Real Estate News


Graylyn Crest & North Graylyn Crest are Great North Wilmington DE Home Options

With their ideal location, Graylyn Crest and North Graylyn Crest have remained popular North Wilmington housing choices since their construction in the late fifties through early sixties.

North Graylyn Crest EntranceThese Brandywine Hundred communities with over 800 homes are centrally located just off Foulk and Silverside Roads.  They have immediate access to Interstate 95 by either the Marsh Rd or Harvey Rd exits.  They also are just minutes from the Route 202 corridor with multiple retail opportunities including the Concord Mall.  These routes enable easy commuting to Wilmington, West Chester, and Philadelphia.  They also have access to the SEPTA R2 Regional Rail Line at the Claymont Rail Station.

Although there are some other construction styles within the developments, split level homes are by far the most popular style.  Both developments are part of the the Brandywine School District with Brandywine High School within easy walking distance of Graylyn Crest.  The Forwood Elementary School is adjacent to North Graylyn Crest off Gravers Lane.  There are also several parks conveniently located to the developments.

Until recently, the real estate prices have held up very well.  Starting with an average sales price below $200,000 in 2001, prices climbed rapidly to top out at an average sale price of $305,000 with 32 sales in 2007. Graylyn Crest Split Level Homes Wilmington DE Since then the average sales price has fallen to $300,000 in 2008 and to $268,000 so far in 2009.  Despite the economy, it appears that prices should firm up a bit in the short term as there are three additional homes currently under contract with an average list price of $313,000.  In addition, there are now five homes on the market with an average sales price of $318,000.  The average time on the market has also been building from under 25 days on the market in 2006 to 58 days on the market average in 2009, but this remains well below the current New Castle County average of 87 days on the market for sold homes.

A strong community in a great location with good schools and reasonable prices makes an opportunity that is hard to beat.  With their ideal location off Foulk Rd midway between Rt 202 and Interstate 95, Graylyn Crest and North Graylyn Crest continue to be popular housing choices.   Add the lower prices and falling interest rates, now is a perfect time to consider a change.

As always if you are considering a move to the area or may be considering selling your home, please feel free to call me anytime to discuss your options.  I always look forward to speaking with you.

(All statistics are from the TrendMLS system and believed accurate but not guaranteed)

Comment balloon 0 commentsDavid Henke • April 14 2009 09:59PM


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