Suburban Philadelphia Real Estate News


Green Acres Homes Wilmington DE 19803 Market Update

Green Acres is a great community of single family homes located just northeast of downtown Wilmington off Silverside Road.

==== Note: OPEN HOUSE SATURDAY 1-3 ====
==== 1330 Tulane Road, Green Acres, 19803 ====

Green Acres Wilmington DE 19803Green Acres is located on the south side of Silverside Road just west of the I-95 Freeway.  It is about halfway between Marsh Road and Philadelphia Pike providing multiple commuting options both into Wilmington and throughout the area.  I-95 is just minutes away with the ramps on Marsh Road affording quick access north or south toward Philadelphia/New York and the Baltimore/Washington DC areas.

Green Acres contains over 350 homes and was largely built between 1955 and 1958 although some construction continued into the early 1960s.  Green Acres Homes For Sale DEThe community contains a great variety of contemporary 1950s styles including various split levels, ranches, raised ranches, and colonials.  Most homes averaged between 1600 and 2600 square feet although homes were built as small as 1350 square feet and now range up to almost 4000 square feet. Many lots were around the quarter acre size although various sections varied from .16 up to almost .50 acres.

Home pricing in Green Acres has followed the same pattern that we have seen in many communities in the area.  Green Acres Brandywine Hundred HomesFrom an average price below $200,000 in 2002, prices rose to over $300,000 in 2006 and 2007.  Since then there were 9 sales averaging $281,000 in 2008, 16 sales averaging $256,000 in 2009, and 5 sales averaging $278,000 year-to-date in 2010.  There are also currently 8 homes on the market with asking prices ranging from $249,000 to $319,000 and one home currently under contract for $219,000.

Green Acres has continued to be a popular choice in the area.  With its convenient location, strong sales record, and solid housing choices, the community should remain a great option for years to come.

David Henke
Long & Foster Real Estate Inc - Bear, DE/Newtown Square, PA
Office: 302-834-3431/Cell: 610-618-0808

(All statistics per the TrendMLS System and believed accurate but not guaranteed)

Comment balloon 0 commentsDavid Henke • October 05 2010 11:19PM


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