Albertson Park continues to be a popular single family housing choice with a great location and relatively stable home prices and sales activity.
Albertson Park is a nice single family development of over 150 properties. Designs range from smaller approximately 1600 sqft ranches to larger 2 story colonials with over 1900 sqft. Construction began in 1960 and continued through 1965. Located adjacent to Faulkland Heights, it is an ideal location for anyone needing access throughout New Castle County.
As we have often seen throughout the county, Albertson Park home sales activity and pricing peaked in 2007 with 6 sales averaging $232,000. Since 2008 prices have fallen from an average of $229,000 to a low of $185,000 in 2011. Prices jumped a bit in 2012 to $204,000 but sales fell to 2 homes.
In 2013 year to date, there have been 4 sales at an average sales price of $177,000. In addition, one property is under contract for $198,000 and two are on the market for $225,000 and $245,000. It appears that the lower prices have succeeded in increasing sales in the community.
For anyone looking for properties with easy access throughout northern New Castle County, Albertson Park should be included in your search. With a nice variety of housing options and more stable pricing, Albertson Park should prove to be a good long-term choice.
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)