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.
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
Avg Price | Median Price | Low | High | DOM* |
---|---|---|---|---|
$330,000 | $330,000 | $330,000 | $330,000 | 53 |
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