Health & Fitness
Radnor Homes Sold Faster in Q4
Interesting comparisons for home owners on sold homes in last quarter of 2011 between different Main Line Townships. Did prices go up or down? How did Radnor compare to Lower Merion?
Sales data is compiled with information from Trend MLS, for single family homes sold in the last quarter of 2011. All columns show average for the quarter. Some homes obviously sold quicker than the average and in today's market pricing a home correctly can mean selling it or having it sit there.
Township # of homes sold Average days to sell Ratio of net sales price to list $ per sq ft 2011 qtr 3 2011 qtr 2 2011 qtr 1 2010 qtr 4 Radnor 37 89 92.00% $201 $235 $226 $228 $231 Easttown 24 95 93.00% $203 $210 $212 $266 $225 Tredyffrin 46 100 96.00% $198 $207 $220 $193 $209 Lower Merion 85 138 92.00% $211 $208 $217 $202 $216 Willistown 25 164 90.00% $177 $217 $188 $202 $220 Haverford 82 143 96.00% $159 $164 $176 $165 $165 Charlestown 5 244 90.00% $163 $183 $153 $170
Radnor compared very well across the board with homes on average selling quicker than elsewhere, although the number of homes sold was relatively low compared to past years. The net sales price achieved is calculated by taking the sales price less any seller concessions and then comparing this to the list price for the home, with Radnor being in the middle of the pack here at 92% of list price, not the best result, but definitely not bad today. Prices have been up and down during the year and compared to the last quarter in 2010 prices have come down about 13% overall. Interestingly the highest priced home inn Radnor that sold in this quarter was $2.9 million priced at $303 per square foot, however this was not the highest square foot price in the township, this was obtained by a home sold at $675,000 priced at $324 per square foot well above the average for the township, the lowest priced home this quarter was sold on Garrett Ave at $80,000 priced at $48 per square foot. Radnor has lots of different areas and these do bring up some interesting price differentials. It is for reasons like this that you really need an expert who knows and understands the different neighborhoods rather than just an on-line automatic price valuation program to price a home correctly.