Welcome to Swanwyck, Swanwyck Gardens, and Swanwyck Estates conveniently located between Wilmington and New Castle in New Castle County DE.
These three communities are all nestled together south of I-295 and west of Route 9/ New Castle Ave/ Wilmington Rd. I-295 is immediately accessible with direct access either north or south from Route 9 and there is a slip exit directly off I-295 north into the Swanwyck Gardens section This location also provides direct routes from Route 9 into Wilmington and New Castle. Just a short drive west, Route 13/ the Dupont Highway affords additional routes south to the New Castle County Airport and beyond.
Swanwyck was named after the original home in the area that was built in approximately 1819 and has been listed on the National Register of Historic places since 1977. Very limited development and building began in the late 1930's & early 40's with some 2 story colonials and ranches being built along Landers Lane, Prince Ave, and Queen Ave. This development was suspended during the war years but resumed in full force after the war with the vast majority of homes then built as ranch style properties during the 1950's. This later development encompassed most of the area between Landers Lane and I-295 and to the west of the Eisenberg Elementary School and Route 9. Today, per the public tax records, the three communities encompass over 460 properties.
Like many areas in the county, Swanwyck has seen quite a bit of price variation over the last few years. Since 2003, the average sales price rose from $129,000 to $139,000 in 2004, $163,000 in 2005, $183,000 in 2006, and $186,000 in 2007. During this period, activity remained remarkably stable with 24 sales per year in 2003-2006 and dropping to 13 sales in 2007. In 2008, there were only 14 additional sales with the price pulling back to $173,000.
This year sales have recovered slightly but prices took a hit with an average sales price year to date of $144,000. The good news is that on a monthly basis the pricing has been rising for much of the year as the overall economy has appeared to be on more solid footing. Today there are 4 properties currently on the market with an average asking price of $173,000 and one home under contract with a list price of $189,000.
With its great location and solid housing, the three communities of Swanwyck, Swanwyck Gardens, and Swanwyck Estates should continue to be a solid choice in the area. Prices should remain fairly stable from here supported by the current tax incentives and provided that the overall economy continues to regain some momentum.
As always, if you have any questions or are considering a move in the area, please feel free to contact me anytime.