The Paoli PA Station serves the SEPTA R5 Regional Rail system as well as the Amtrak Keystone Service and Pennsylvanian trains.
With its key position on the western end of the Main Line, Paoli is a prime commuter and regional rail station. It provides easy access to the city for those living locally with ample parking and plenty of space for dropping off or picking up passengers. In addition, it is surrounded by some great commercial areas.
Through the frequent Amtrak connections, it also affords convenient access to Harrisburg and points west or Philadelphia and points east. The next closest Amtrak stops are in Ardmore to the east or Downingtown (and Exton for many trains) as you travel west. The station is serviced by both Amtrak's Pennsylvanian and Keystone Service trains. The video will provide a better view of the station itself and the Amtrak Keystone Service passing through:
As far as real estate, the market here has held up very well until this year. Looking strictly at zip code 19301, sales activity peaked in 2005 when 119 units sold. This dropped to 83 in 2006, rose to 102 in 2007, and then dropped to 96 in 2008. In 2009, through July, only 38 properties have closed with an additional 15 pending - running further behind 2008.
Prices have also taken a hit recently. In the early 2000s, the average sales price was just above $300,000. This average then rose to hit a peak in 2006 at $441,000 (also the slowest recent year for sales). Prices then drifted down in 2007 to $421,000, and back up in 2008 to $440,000. In 2009, they have fallen back 15% to $377,000. There are also an additional 15 pending homes with an average price of $490,000, and 45 properties are actively for sale at an average price of $616,000. We would expect to see the average pricing rise as we continue through the year.
Paoli is a convenient station both for short distance commuting as well as long distance travel. The station is easy to access for people from throughout the area and has plenty of parking. The station is expected to undergo further renovations soon and could become a key transportation hub if plans proceed to extend service up towards Pottstown.
As always, if you need additional information, please do not hesitate to ask anytime.
(All statistics per the TrendMLS System and believed accurate but not guaranteed.)