Swarthmore Monthly Market Reviews

Swarthmore Real Estate – March 2021

April 6, 2021 by admin

There were 6 closed transactions in Swarthmore during the month of March – 3 single homes, 2 condos, and 1 twin home with an average sales price of $459,500.

Seven single homes, 4 Strath Haven condos, and 1 twin home went under contract during March with an average asking price of $583,217 and averaging 20 Days On the Market.

There are 10 settlements scheduled for April, 2 in May, and 1 in June.

215 College Avenue had the highest selling price of the month at $925,000.

At the conclusion of the 1st quarter the average selling prices stands at $416,718 with 11 closed transactions, 2 more than last years’ total when the average selling price stood at $447,667. Average Days on the market stands at 42.

**SWARTHMORE HOMES SOLD MARCH 2021**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
321 Brighton Avenue	4	2.1	TWIN	$277,500	03/04/21	5
628 Magill Road	3	1.1	SNG	$395,000	03/08/21	4
215 College Avenue	5	4.0	SNG	$925,000	03/08/21	14
530 Cedar Lane	4	3.1	SNG	$755,000	03/18/21	174
801 Yale Avenue #1208	3	4.0	CONDO	$290,000	03/22/21	122
801 Yale Avenue #1208	2	2.0	CONDO	$114,500	03/31/21	6
AVERAGE				$459,500		54

* DOM = Days On Market

3 homes sold with a Seller Assist

– 321 Brighton Avenue – $1,200

– 628 Magill Road – $5,000

– 801 Yale Avenue #1208 – $2,500

Financing Methods

Conventional Mortgage – 4 transactions

Cash – 2 transactions

**SWARTHMORE SINGLES SOLD – MARCH 2021 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$691,667	$755,000	$395,000	$925,000	64

**SWARTHMORE CONDOS SOLD – MARCH 2021 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$202,250	$202,250	$114,500	$290,000	64

**SWARTHMORE TWINS SOLD – MARCH 2021 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$277,500	$277,500	$277,500	$277,500	5

**SWARTHMORE -MARCH 2020 VS MARCH 2021**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2020	1	$850,000	$850,000	0	100.0%	100.0%
2021	6	$459,500	$925,000	54	97.0%	99.2%
	500.0%	-45.9%			-3.0%	-0.8%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – February 2021

March 7, 2021 by admin

February Provided Plenty Of Snow For Snowman Building

There were just 2 sales in Swarthmore for the month of February 2021, one short of last’s year’s tally. The average selling price came in at $205,500 and averaged 50 Days On the Market.

686 N Chester Road had the highest selling price in February at $290,000.

Five homes went under contract during February, 4 singles and 1 condo, with an average asking price of $576,800 and averaging 39 Days On the Market.

Five settlements are scheduled for March, 4 in April, and 1 in May.

Two months into the year the average selling prices stands at $365,380 – a 8.1% decrease over last year with 5 closed transactions – 3 homes short short of last year’s total. Average Days on the market stands at 28.

**SWARTHMORE HOMES SOLD FEBRUARY 2021**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
800 Yale Avenue #1018	2	2.0	CONDO	$121,000	02/02/21	90
686 N Chester Road	4	1.1	SNG	$290,000	02/03/21	11
AVERAGE				$205,500		51

* DOM = Days On Market

Neither home sold with a Seller Assist

Financing Methods

Conventional Mortgage – 1 transaction

Cash – 1 transaction

**SWARTHMORE SINGLE HOMES SOLD – FEBRUARY 2021 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$290,000	$290,000	$290,000	$290,000	11

**SWARTHMORE CONDOS SOLD – FEBRUARY 2021 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$121,000	$121,000	$121,000	$121,000	90

**SWARTHMORE – FEBRUARY 2020 VS FEBRUARY 2021**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2020	3	$460,000	$705,000	50	99.2%	101.1%
2021	2	$205,500	$385,000	51	91.6%	94.9%
	-33.3%	-55.3%		-2.0%	-7.6%	-6.2%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – January 2021

February 4, 2021 by admin

Scott Amphitheater On The Last Day Of January

The first month of the year in Swarthmore concludes with 3 homes sold – 2 less than last year. Three single family homes sold with an average selling price of $471,967.

409 Drew Avenue had the highest selling price in January at $660,000.

Seven homes went under contract during January – 3 singles, 3 condos and 1 twin. The average asking price was $469,271 and averaged 17 Days On The Market.

There are 7 settlements scheduled – 2 in February, 3 in March, and 2 in April.

**SWARTHMORE HOMES SOLD JANUARY 2021**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
620 Magill Road	3	3.0	SNG	$399,900	01/05/21	31
214 Lafayette Avenue	3	1.1	SNG	$356,000	01/07/21	4
409 Drew Avenue	4	2.1	SNG	$660,000	01/22/21	4
AVERAGE				$471,967		13

* DOM = Days On Market

1 home sold with a Seller Assist

– 214 Lafayette Avenue – $3,700

Financing Methods

Conventional Mortgage – 2 transactions

Cash – 1 transaction

**SWARTHMORE SINGLE HOMES SOLD – JANUARY 2021 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$471,967	$399,900	$356,000	$660,000	13

* DOM = Days On Market

**SWARTHMORE – JANUARY 2020 VS JANUARY 2021**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2020	5	$359,800	$757,500	29	97.5%	98.5%
2021	3	$471,967	$660,000	13	100.6%	102.1%
	-40.0%	31.2%		-55.2%	3.1%	3.6%

Wallingford Real Estate – Wallingford, PA 19086

Swarthmore Real Estate – December 2020

January 4, 2021 by admin

The run of accelerated post lockdown activity came to a halt in December with only 1 Swarthmore home being sold, compared to 10 closed transactions last December. The sole transaction was a single family home that sold for $330,000.

Two single family homes went under contract during December with an average asking price of $519,700 after spending 18 days on the market.

There are 3 settlements scheduled in January and 3 in February.

At the close of 2020 there have been 66 homes sold in Swarthmore compared to 76 sold last year. The average selling price for 2020 of $412,533 represents a 6.6% decrease over last year.

The 41 single family homes sold in 2020 had an average selling price of $554,681 and averaged 19 days on the market. In 2019 56 single family homes sold for an average price of $532,671 and averaged 32 days on the market.

**SWARTHMORE HOMES SOLD NDECEMBER 2020**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
611 Magill Road	2	1.0	SNG	$330,000	12/11/20	53
AVERAGE				$330.000		53

* DOM = Days On Market

611 Magill Road sold with a $19,800 Seller Assist:

Financing Methods

Conventional Mortgage – 1 transaction

**SWARTHMORE SINGLE HOMES SOLD – DECEMBER 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$330,000	$330,000	$330,000	$330,000	53

**SWARTHMORE – DECEMBER 2019 VS DECEMBER 2020**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2018	10	$395,150	$795,000	45	90.8%	93.3%
2020	1	$330,000	$330,000	53	90.4%	94.3%
	-90.0%	-16.5%		17.8%	-0.4%	1.0%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – November 2020

December 11, 2020 by admin

There were 5 Swarthmore homes sold in November compared to 3 transactions last year. Sales consisted of 4 single homes and 1 Strath Haven condo, with the average selling price posting a 3.5% increase over last year rising to $384,672.

Through the end of November 2020 there have been 65 closed transactions in Swarthmore – 1 less then last year in the same time frame. The average selling price for the first 11 months of 2020 stands at $413,803 vs $448,892 last year.

539 Riverview Avenue had the highest selling price in November at $576,000.

Two single family homes and 2 condos went under contract during November with an average asking price of $283,675 and were on the market an average of 68 days.

There is 1 settlement scheduled in December, 1 in January 2020, 2 in February and 1 in March 2020.

**SWARTHMORE HOMES SOLD NOVEMBER 2020**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
634 University Place	3	2.0	SNG	$348,860	11/10/20	20
801 Yale Avenue #1020	2	2.0	CONDO	$143,500	11/10/20	40
730 Yale Avenue	5	4.0	SNG	$515,000	11/11/20	4
539 Riverview Avenue	5	2.1	SNG	$576,000	11/16/20	4
104 Cornell Avenue	5	2.2	SNG	$340,000	11/30/20	89
AVERAGE				$384,672		31

* DOM = Days On Market

2 homes sold with a Seller Assist

– 634 University Place – $16,000

– 539 Riverview Avenue – $26,100

Financing Methods

Conventional Mortgage – 4 transactions

Cash – 1 transaction

**SWARTHMORE SINGLES SOLD – NOVEMBER 2020 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$444,965	$431,940	$340,000	$576,000	29

**SWARTHMORE CONDOS SOLD – NOVEMBER 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$143,000	$143,000	$143,000	$143,000	40

**SWARTHMORE – NOVEMBER 2019 VS NOVEMBER 2020**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	3	$371,633	$675,000	163	82.6%	97.0%
2020	5	$384,672	$675,000	31	93.7%	95.1%
	66.7%	3.5%		-425.8%	11.1%	-1.9%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – October 2020

November 2, 2020 by admin

The shift of market activity to the fall continued in October with 13 closed transactions compared to 5 closings last October. There was an unusually high number of condos sold during the month – 6 this year vs 1 last year – that depressed the overall average selling price to $344,023, which falls short of last year’s average by 19.9%.

Four homes went under contract during the month – 3 singles and 1 condo. The average asking price was $409,625 and averaged 34 days on the market.

109 S Princeton Avenue had the highest selling price for the month at $975,000.

There are just 2 settlements scheduled – 1 in November and 1 in December.

For the year through October 2020 the number of homes sold is behind last year for the same time fame by just 4 homes with 59 homes sold. The average selling prices stands at $411,336, 9.1% off last year’s year to date average.

**SWARTHMORE HOMES SOLD OCTOBER 2020**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
801 Yale Avenue #1103	1	1.0	CONDO	$78,000	10/05/20	10
309 Yale Avenue	5	2.1	TWIN	$425,000	10/05/20	33
409 Drew Avenue	4	2.1	SNG	$400,000	10/09/20	4
345 Park Avenue	3	2.1	SNG	$651,000	10/09/20	3
801 Yale Avenue #915	1	1.0	CONDO	$98,900	10/16/20	15
801 Yale Avenue #827	2	2.0	CONDO	$110,000	10/19/20	118
6 College Avenue	5	2.0	SNG	$440,000	10/23/20	6
801 Yale Avenue #720	2	2.0	CONDO	$120,000	09/11/20	29
801 Yale Avenue #107	2	2.0	CONDO	$115,000	10/23/20	66
325 Haverford Place	4	1.1	SNG	$425,000	10/28/20	2
21 Dartmouth Avenue	4	2.1	SNG	$509,700	10/29/20	4
109 S Princeton Avenue	6	2.1	SNG	$975,000	10/29/20	1
801 Yale Avenue #924	2	2.0	CONDO	$124,700	10/30/20	58
AVERAGE				$344,023		27

* DOM = Days On Market

2 homes sold with a Seller Assist

– 309 Yale Avenue – $19,925

– 325 Haverford Place – $750

Financing Methods

Cash – 8 transactions

Conventional Mortgage – 5 transactions

**SWARTHMORE SINGLE HOMES SOLD – OCTOBER 2020 – 6 SALES**
Avg Price	Median Price	Low	High	DOM*
$566,783	$400,000	$400,000	$975,000	3

**SWARTHMORE CONDOS SOLD – OCTOBER 2020 – 6 SALES**
Avg Price	Median Price	Low	High	DOM*
$107,767	$112,500	$78,000	$124,700	49

**SWARTHMORE TWINS SOLD – OCTOBER 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$425,000	$425,000	$425,000	$425,000	33

**SWARTHMORE – SEPTEMBER 2019 VS SEPTEMBER 2020**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	5	$429,600	$695,000	11	97.1%	98.6%
2020	13	$344,023	$975,000	27	96.3%	97.3%
	160.0%	-19.9%		145.5%	-0.8%	-1.3%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – September 2020

October 12, 2020 by admin

Village Vine Wine Bar And Bistro Opens

There were 5 closed transactions during the month of September falling short of last year by 2 homes. The average sales prices fell to $208,290.

Seven homes went under contract during the month – 4 singles and 3 condos. The average asking price was $302,286 and averaged 35 days on the market.

316 Haverford Place had the highest selling price for the month at $433,000.

There are 13 settlements scheduled for September.

At the 3/4 mark of 2020 the number of homes sold is lagging 14 homes behind last year for the same time fame with 44 closed transactions. The average selling prices stands at $435,751 – 4.1% off last year’s year to date average.

**SWARTHMORE HOMES SOLD SEPTEMBER 2020**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
801 Yale Avenue #824	2	2.0	CONDO	$85,450	09/04/20	45
652 Yale Avenue	2	1.2	SNG	$190,500	09/08/20	5
316 Haverford Place	4	2.1	SNG	$433,000	09/11/20	3
801 Yale Avenue #806	1	1.0	CONDO	$97,500	09/14/20	5
519 Walnut Lane #3	3	2.0	CONDO	$235,000	09/30/20	121
AVERAGE				$208,290		36

* DOM = Days On Market

519 Walnut Lane #3 sold with a $11,750 Seller Assist

Financing Methods

Conventional Mortgage – 3 transactions

Cash – 2 transactions

**SWARTHMORE SINGLE HOMES SOLD – SEPTEMBER 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$311,750	$311,750	$190,500	$433,000	4

**SWARTHMORE CONDOS SOLD – SEPTEMBER 2020 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$139,317	$97,500	$85,450	$235,000	57

**SWARTHMORE – SEPTEMBER 2019 VS SEPTEMBER 2020**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	7	$474,429	$880,000	13	95.5%	95.5%
2020	5	$208,290	$433,000	36	94.9%	96.1%
	-29.0%	-56.0%		176.9%	-0.6%	0.6%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – August 2020

September 4, 2020 by admin

Sunset Over Swarthmore College Athletic Fields

There were 11 closed transactions during the month of August matching besting last year by 4 homes. The average sales prices did tumble 17.3% compared to last year coming in at $487,423, however last year single homes accounted for all the sales, whereas this year there were 2 condos and 1 twin in the mix. On a single home to single home average price comparison the numbers are eerily similar – $589,894 in 2020 and $589,123 in 2019.

Reflecting a very low inventory the average Days on Market was just 9 – 6 homes sold in less than 7 days – and the market was typified by multiple offers on many homes.

Two homes went under contract during the month – both singles.The average asking price was $697,500 and averaged 33 days on the market.

150 Guernsey Road had the highest selling price for the month at $937,500.

There are 6 settlements scheduled for September and 3 in October

At the mid point of the 2020 the number of homes sold is lagging 11 homes behind last year for the same time fame with 40 closed transactions. The average selling prices stands at $449,815 – half a percent off last year’s year to date average.

**SWARTHMORE HOMES SOLD AUGUST 2020**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
614 Strath Haven Avenue	4	3.1	SNG	$630,000	08/07/20	5
209 Yale Avenue	4	3.0	SNG	$545,000	08/13/20	8
231 Dickinson Avenue	4	1.0	TWIN	$385,000	08/14/20	12
446 Drexel Place	4	2.1	SNG	$511,900	08/14/20	8
234 Benjamin West Avenue	4	2.1	SNG	$545,000	08/14/20	4
336 Haverford Place	4	2.0	SNG	$381,000	08/14/20	4
150 Guernsey Road	6	4.1	SNG	$937,500	08/14/20	28
228 Garrett Avenue	6	3.1	SNG	$555,000	08/17/20	6
220 Vassar Avenue	4	2.1	SNG	$613,750	08/25/20	4
801 Yale Avenue #918	2	2.0	CONDO	$127,500	08/26/20	5
107 Rutgers Avenue #E1	2	1.0	CONDO	$130,000	08/31/20	12
AVERAGE				$487,423		9

* DOM = Days On Market

7 homes sold with a Seller Assist

– 614 Strath Haven Avenue – $10,000

– 231 Dickinson Avenue – $500

– 446 Drexel Place – $6,500

– 234 Benjamin West Avenue – $14,824

– 336 Haverford Place – $1,500

– 150 Guernsey Road – $7,100

– 228 Garrett Avenue – $5,500

Financing Methods

Conventional Mortgage – 8 transactions

Cash – 3 transactions

**SWARTHMORE SINGLE HOMES SOLD – AUGUST 2020 – 8 SALES**
Avg Price	Median Price	Low	High	DOM*
$589,894	$550,000	$381,000	$937,500	8

**SWARTHMORE CONDOS SOLD – JUNE 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$128,750	$128,750	$127,500	$130,000	9

**SWARTHMORE TWINS SOLD – AUGUST 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$385,000	$385,000	$385,000	$385,000	12

**SWARTHMORE – AUGUST 2019 VS AUGUST 2020**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	7	$589,143	$925,000	58	94.6%	98.9%
2020	11	$487,423	$937,500	9	102.3%	101.4%
	57.1%	-17.3%		-84.4%	7.7%	2.5%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – July 2020

August 5, 2020 by admin

Curious Cat At The Arboretum Pond

There were 4 closed transactions during the month of July falling short of last year’s total by 6 homes. The average sales price dipped 17.7% compared to last year coming in at $367,050.

Five homes went under contract during the month – 3 condos and 2 single homes. The average asking price was $188,380 and averaged 13 days on the market.

340 Dickinson Avenue had the highest selling price for the month at $845,200.

There are 9 settlements scheduled in July and 3 in August.

After 7 months of 2020 the number of homes sold has fallen 16 homes behind last year for the same time fame with 28 closed transactions. The average selling prices stands at $443,427 – a 3.1% increase over last year.

**SWARTHMORE HOMES SOLD JULY 2020**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
401 Park Avenue	5	1.1	SNG	$350,000	07/21/20	1
340 Dickinson Avenue	5	4.0	SNG	$845,200	07/31/20	4
107 Rutgers Avenue #H2	2	1.0	CONDO	$132,000	07/31/20	18
801 Yale Avenue #108	3	2.0	CONDO	$141,000	07/31/20	65
AVERAGE				$367,050		22

* DOM = Days On Market

107 Rutgers Avenue #H2 sold with a $1,000 Seller Assist

Financing Methods

Cash – 4 transactions

**SWARTHMORE SINGLE HOMES SOLD – JULY 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$597,600	$597,600	$350,000	$845,200	3

**SWARTHMORE CONDOS SOLD – JULY 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$136,500	$136,500	$132,000	$141,000	42

**SWARTHMORE – JULY 2019 VS JULY 2020**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	10	$445,950	$820,000	14	98.9%	99.4%
2020	4	$367,050	$845,200	22	96.3%	100.5%
	-60.0%	-17.7%		57.1%	-2.6%	1.1%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – June 2020

July 6, 2020 by admin

Dining Parklets For Al Fresco Dining In Swarthmore

There were 5 closed transactions during the month of May matching falling short of last year by 4 homes, due largely to the limits placed on real estate during the pandemic. However the average sales prices rose 1.3% compared to last year coming in at $504,450.

Eleven homes went under contract during the month – 9 single homes, 1 condo, and 1 twin home. The average asking price was $522,691 and averaged just 9 days on the market.

40 Wellesley Road had the highest selling price for the month at $1,475,000.

There are 2 settlements scheduled for July and 9 in August.

At the mid point of the 2020 the number of homes sold is lagging 10 homes behind last year for the same time fame with 24 closed transactions. The average selling prices stands at $456,156 – a 7.3% increase over last year.

**SWARTHMORE HOMES SOLD JUNE 2020**
ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
40 Wellesley Road	6	3.3	SNG	$1,475,000	06/01/20	65
5423 Harvard Avenue	4	2.1	TWIN	$415,000	06/03/20	3
200 Harvard Avenue	3	2.1	SNG	$490,000	06/29/20	3
801 Yale Avenue #628	1	1.0	CONDO	$104,250	06/30/20	54
242 Bowdoin Avenue	5	1.1	SNG	$298,000	06/30/20	295
AVERAGE				$504,450		84

* DOM = Days On Market

3 homes sold with a Seller Assist

– 40 Wellesley Road – $30,000

– 200 Harvard Avenue – $1,200

– 242 Bowdoin Avenue – $2,000

Financing Methods

Conventional Mortgage – 3 transactions

Cash – 2 transactions

**SWARTHMORE SINGLE HOMES SOLD – JUNE 2020 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$667,667	$490,000	$298,000	$1,215,000	121

**SWARTHMORE TWINS SOLD – JUNE 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$415,000	$415,000	$415,000	$415,000	3

**SWARTHMORE CONDOS SOLD – JUNE 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$104,250	$104,250	$104,250	$104,250	54

**SWARTHMORE – JUNE 2019 VS JUNE 2020**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	9	$497,833	$870,000	27	97.7%	99.1%
2020	5	$504,450	$1,215,000	84	94.5%	96.1%
	-44.4%	1.3%		211.1%	-3.2%	-3.0%

Swarthmore Real Estate – Swarthmore, PA 19081

* DOM = Days On Market

S. Clark Kendus