Well, today we're at the end of the 101 Trolley Line in Media PA Delaware County. The SEPTA 101 Trolley runs from the 69th Street Terminal Station out to just west of Orange Street on State Street in downtown Media. The final stop is just two blocks north of Baltimore Av/Baltimore Pike and two blocks from the County Courthouse.
Any of the downtown Media trolley stops are convenient for commuters coming into the borough. State Street itself is lined with commercial activity, restaurants, and other entertainment. The surrounding area is filled with professional offices, the Delaware County Courthouse, and supporting economic activity. Although there is no dedicated SEPTA parking in the area, the trolley stop is within easy walking distance to many residential areas and offers convenient access to other local Delaware County communities to the east as well as links to Philadelphia itself.
As far as homes in the area, the market has remained mixed. Media has a wide range of housing from small apartments to condos, town-homes, twins, single family homes, and small estates. This diversity is what makes the borough a prime attraction for many residents, but it also somewhat limits overall generalizations as far as pricing. As you have seen in many other areas, prices appear to have peaked in 2007 with the average sales price for residential properties reaching $328,000 with 66 sales. Since then we have seen prices pull back to an average of $270,000 with 57 sales in 2008, to $235,000 in the last six months, and finally to $225,000 in 2009 with 10 sales settled to date. On the surface this looks dramatic but appears more of a switch in the mix of sales rather than a major price decline. Today, we still have an additional 7 properties under contract with an average list price of $331,000 and 28 additional properties on the market for an average asking price of $359,000 so the short term average will rise. Prices have pulled back, but the market is too diverse to use the borough numbers exclusively without additional investigation.
So again, welcome to Media PA. It's a great suburban Philadelphia borough full of business, entertainment, and housing with easy rail accessibility by Trolley as shown here and by the regional rail system to be covered in the future. Should you have any questions on the area or be thinking of making a move, please feel free to call anytime.