The Haverford Hill Condos have continued to be a popular housing choice in Delaware County PA, but prices have fallen.
Since the last update on Haverford Hill in 2011, prices have weakened considerably resulting in increased activity. For the two bedroom condos, in 2011 there were 4 sales with an average settled price of $120,000 (down from an average $143,000 in 2012). Average prices then declined to $98,000 with 5 sales in 2012, and then $89,000 with 8 sales in 2013. In 2014 year to date, there have been 5 sales averaging $108,000. In addition, there are three 2 bedroom units on the market with an average asking price of $110,000 and one with a list price of $185,000. Two properties are under contract with an average list price of $92,000. With the average pending prices lower than settled year to date, the average price for the year should fall from the $110,000 level.
For the one bedroom units, in 2011 there was only one sale for $94,000. This then fell to 3 sales averaging $65,000 in 2012 and no sales were listed for 2013. In 2014, year to date, there have been 5 sales with an average sold price of $66,000. There are also 2 units on the market with an average list price of $75,000.
There have also been several scattered 3 bedroom sales with pricing form $80,000 to $135,000.
Overall the pricing and activity in the Haverford Hill condos has tracked the activity seen in much of the county except that the fall in pricing occurred later here than seen in many other individual communities. It appears though that pricing and activity have stabilized or strengthened as we have moved through 2014 and it is expected that it should remain solid going forward.
As always, if you have any questions or would like to visit the area, please contact me anytime.
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)