Suburban Philadelphia Real Estate News

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Riddlewood PA Home Sales Activity Report - Media PA 19063

Riddlewood continues to be one of the most popular and stable communities in the Media area.

Riddlewood Media PAOriginally developed in the 1950's, Riddlewood is named after the former property owner and racehorse owner Samuel D Riddle. The Riddle family operated a mill in the area and Glen Riddle was named by his father. He was an avid and successful horseman with large horse farms in Maryland and Kentucky. Most of the streets within the community were named for his most successful race horses. On his death he donated 72 acres of land and $2.5 million to provide a hospital to the Media PA community - today's Riddle Memorial Hospital which is located on the south side of Baltimore Pike across from the Granite Run Mall and adjacent to Riddlewood.

Located in Middletown Township, the 218 acre site of Riddlewood was obtained from the Riddle estate and developed by the Arters Brothers and architect George Hay. Media PA HomesConstruction on the site began as early as 1950, but the tax records show that the bulk of the residential construction was finished between 1954 and 1956. Some homes continued to be finished through 1960. The development sits on the east side of Route 452 (South Pennell Rd) on the south side of Baltimore Pike / Route 1 across from the Granite Run Mall. This spot affords easy access to most of Delaware County as well as the Philadelphia Airport, Philadelphia, and Wilmington DE.

Today there are over 290 homes in the community ranging in size from under 1000 sqft to almost 3000 sqft. Homes varied from 2 to 5 bedrooms, but most were 3 bedroom properties in various styles including ranches/ranchettes, split level homes, and capes. They were most commonly about 1500 sqft. There were a wide variety of lot sizes based on the layout and terrain but the most common were just under 1/2 acre at about 20,000 sqft. Riddlewod PA HomesThe Riddlewood Swim Club was developed on 10 acres along the southern portion of the site and opened in 1957.

Like most communities in the area, Riddlewood saw increasing home sales activity and prices through 2007, Average sales prices rose from less than $200,000 in 2001 to a top average price of $341,000 in 2007 with 12 sales. Since then prices have eased but generally have remained much more stable than seen in many area communities. Average yearly Riddlewood prices have fluctuated between a low of $275,000 in 2011 to a high of $320,000 in 2009. Last year, 2012, there were 7 home sales with an average sales price of $295,000 and individual sales prices ranging from $223,000 to $335,000. This year, there has been one home sale for $270,000, three properties are under contract listed for an average of $314,000, and there are three properties currently available with an average asking price of $294,000.

With its great location, relatively stable pricing, low turnover, spacious lots, variety of housing, and great amenities, Riddlewood should remain a top choice in the area for years to come. Should you need any additional information, please do not hesitate to contact me.

David Henke
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808
www.DelawarePAHomes.com

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

Comment balloon 13 commentsDavid Henke • March 28 2013 08:52AM

Comments

This is a fabulous market report.  Not only does it have the information but it also has photos, often missing from market reports (not mine).

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) almost 7 years ago

Thank you Lenn! It's a great community. Many of the communities in this area have great interesting backgrounds.

Posted by David Henke, Realtor, Homes Just West of Philadelphia PA (Long & Foster Real Estate, Inc) almost 7 years ago

David, it looks like a great community and a fabulous place to live.  Great market report, and great background.

Posted by Gary Frimann, CRS, GRI, REALTOR and Broker (Eagle Ridge Realty / Signature Homes & Estates) almost 7 years ago

Thanks Gary. Lots of history in the area and this is a nice central location for much of the county.

Posted by David Henke, Realtor, Homes Just West of Philadelphia PA (Long & Foster Real Estate, Inc) almost 7 years ago

Nice to see with everything the real estate market has been through there are still some very desirable areas that have not experienced a large drop in value.

Posted by Ira Bodenstein, NMLS#: 445143 (PNC Mortgage) almost 7 years ago

Nice report David, the Media area is one of my favorites in the county, love the location & small town feel.

Posted by John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852 (Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,) almost 7 years ago

Ira - We've been fortunate that some of the local communities have, for the most part, been able to maintain strong activity and stable pricing. Since the beginning of March, Riddlewood has seen 4 new listings and 2 new contracts so it looks like another solid year.

John - Thank you. The location can't be beat if you want to have access throughout the area.

Posted by David Henke, Realtor, Homes Just West of Philadelphia PA (Long & Foster Real Estate, Inc) almost 7 years ago

I've been by this many times in my life but did not know the history ! Great localism post, Thanks .

Posted by Michael J. Perry, Lancaster, PA Relo Specialist (KW Elite ) almost 7 years ago

This is such a professional report.  I appreciate you sharing it with us..

 

 

Posted by Ginger Harper, Your Southport~Oak Island Agent~Brunswick County! (Coldwell Banker Sea Coast Advantage) almost 7 years ago

Riddlewood sounds like a very nice place to call home.  This is a very nice market report.  I think that propsective buyers will find this report very informative.

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) almost 7 years ago

Gary - It's interesting that it's low key and easy to miss but still in the middle of everything.

Ginger - Thank you - glad that you enjoyed it.

Joan - It's a great place with many long term residents. I think the background provides buyers a better perspective on the area.

Posted by David Henke, Realtor, Homes Just West of Philadelphia PA (Long & Foster Real Estate, Inc) almost 7 years ago

David,

I grew up around Media and had many friends that lived in Riddlewood. My parents were also close friends with the Arters and George Hay. What a small world! My Dad owned a Real Estate Compnay (Cotton Realty) that was located in the old Holiday Inn which I now believe is a Toys R Us. Your post took me back along Memory Lane. Thanks.

Posted by Rich Cotton, Waterfront Specialist Cecil and Kent Counties MD (Rich Cotton The Waterfront Specialist EXiT Preferred Realty ) almost 7 years ago

Thank you Rich. It's always great to hear from everyone who has ties in the area. It is a small world!

Posted by David Henke, Realtor, Homes Just West of Philadelphia PA (Long & Foster Real Estate, Inc) almost 7 years ago

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