Ashbourne Hills continues to see solid home sales activity with stable pricing.
As was seen in my last Ashbourne Hills / Radnor Green Home Sales Update in September 2012, home sale activity in Ashbourne Hills continues to be solid with mostly stable pricing. Sales in Ashbourne Hills peaked in 2006 with 35 sales at an average price of $227,000. Prices remained steady into 2008 until the recession took hold. Average prices fell into the teens in 2009 and 2010, and then fell to a low of $176,000 in 2011 with only 9 sales - prices were down over 22% from their peak.
Ashbourne Hills sales activity quickly responded to the lower prices with 28 sales in 2012 at an average price of $181,000. Individual sale prices ranged from $115,000 to $220,000. The wide range in prices reflect the diverse array of homes available - from bank owned totally untouched fixers to completely updated move-in condition properties.
In 2013 year-to-date, there have been 11 sales with an average sales price of $178,000. There are also two properties currently under contract averaging $181,000, and 9 properties are on the market with an average asking price of $225,000. Again reflecting the wide range of properties, list prices range from $175,000 to $269,000. With the highest sales price in the last three of $230,000 (including sellers assist), current asking prices may be getting ahead of the market, but the trend appears to be in the right direction.
Asbourne Hills sales prices and activity should continue to remain stable to rising as the overall economy continues to strengthen. With its great location and wide range of housing options, it should continue to be a great solid choice for many years to come.
Long & Foster Real Estate Inc – Bear, DE/Devon, PA
Office: 302-834-3431/Direct: 610-618-0808
(All statistics per the TrendMLS System and believed accurate but not guaranteed)