In Media PA, Rose Tree Estates continues to be a popular home choice with prices stabilizing below their peak.
Just off State Rd south of the Media ByPass in Upper Providence Township, Rose Tree Estates is a conveniently located newer Toll Brothers built community. Per the tax records, construction began in 1993 and continued through 1998. The community today has just over 90 homes on approximatley 1/3 acre lots. Most properties are 4 bedroom Colonials with a few larger 5 bedroom properties. Square footage ranges from just under 3000 sqft to over 5000 sqft with most homes close to 4000 sqft.
This location affords immediate access to Route 1 / the Media Bypass, and is just one exit west of the Blue Route, I-476 and one exit east of Route 252. Downtown Media is just a few minutes away directly down State Rd. These roads provide easy commutes throughout Delaware County and great connections to the Philadelphia Airport, West Chester, Wilmington DE, and downtown Philadelphia. SEPTA serves Media with bus, trolley service, and regional rail providing access throughout the county and into Philadelphia. You also have multiple eating and entertainment options both in Media and the surrounding areas.
From an average price below $500,000 in 2002, average Rose Tree Estates home prices rose to over $700,000 in 2004. From 2005 through 2007, the average home sale prices stabilized between $700,000 and $750,000 with 3 or 4 home sales per year. Individual prices ranged from $659,000 to a high of $799,000. In 2008/2009 average prices fell to $628,000 and $630,000 with 3 sales each year. Prices hit a low in 2010 with one sale for $455,000.
In 2011, average prices bounced back with 3 sales averaging $656,000. In 2012, Rose Tree estate prices eased again with two sales averaging $556,000. In 2013 year to date there have been no sales in the community and there is currently only one property on the market with an asking price of $599,000 (4BR/3.5BA with just over 3,000 sqft)
With its ideal location, easy access, newer construction, and reasonable pricing, Rose Tree Estate should continue to be a popular home option for anyone looking for a home in the lower Delaware County or Media areas.
As always, if you have any questions or are looking to buy or sell in Rose Tree Estates, Media, or the surrounding areas, do not hesitate to contact me anytime. For immediate access to all the currently active listings in the area feel free to visit SearchMediaHomes.com
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808
(All statistics per the TrendMLS System and believed accurate but not guaranteed)