As you move west in southern Delaware County along Route 1 / Baltimore Pike toward the country away from Philadelphia, you pass some prime condominium and town-home developments.
One of the larger complexes is located in Chester Heights. Built between 1989 and 1993, Darlington Woods is located just off Route 1 north of its intersection with Valley Brook Road. The 400+ town-homes come in a wide variety of spacious 2 and 3 bedroom units in both 1 and 2 story designs.
Pricing for the units generally range in the low to high $200,000 range. Currently there are 6 units on the market with an average list price of $262,000 and 10 homes have been sold year to date with an average sales price of $240,000. Although the sales activity has declined slightly, this is one of the few places where pricing has remained steady with the average sales prices staying between $232,000 and $242,000 since 2005.
Just to the south of Route 1 off Route 202, Springhill Farm is located behind the Glen Eagle Square Shopping Center. With over 250 units built between 1985 and 1989, there is a great variety of 2 and 3 bedroom units. This location affords immediate access to West Chester, Wilmington, and all New Castle County if your primary routes are north/south rather than east/west along Route 1/ Baltimore Pike corridor.
These units are on average a bit less expensive. The current average list price is $236,000 with an additional 5 units now under contract at an average $206,000 list price. The average price and sales activity both reached a peak in 2006 with 27 sales at an average $224,000 final sales price. Since then sales dropped to 13 units in 2007 at an average price of $219,000, the to 17 units at $222,000 in 2008, and finally 6 units year-to-date 2009 with an average sales price of $205,000.
Finally, on Route 1/ Baltimore Pike just west of the intersection with Route 202, Painters Crossing Condominiums are another popular option. This complex, built in 1972, has a variety of 1, 2, and 3 bedroom units in nice low rise buildings set on rolling hillsides. They also have their own swimming pool and tennis courts.
Due to their smaller sizes, pricing is also on average less expensive here. Over the last few years, prices have fairly consistently ranged from the low to high $100,000 levels. Today there are 8 units on the market with an average asking price of $168,000 and 4 units have settled this year for an average of $171,000. This is actually up a bit. Prices rose quickly until there were 22 sales at an average price of $161,000 in 2005. Since then, 16 homes sold in 2006 for $170,000, 17 homes in 2007 for $165,000, and 16 homes sold in 2008 for an average of $166,000. These prices can vary quite a bit due to the mix of 1, 2, and 3, bedroom units each year.
All three developments offer great town-home/condominium convenience in more of a country setting than normally found. There are also many other options throughout the area, but these provide a good taste for the variety available in the region.