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Swarthmore Monthly Market Reviews

Wallingford PA Real Estate

By Clark Kendus

Swarthmore Real Estate – July 2019

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Curious Cat At The Arboretum Pond

July 2019 finishes with 9 closed sales in Swarthmore, falling 3 homes short of last year. The average sales price was $469,944 which is a 13.9% increase compared to last July. The 9 sales consisted of 6 single family homes, 2 twin homes, and 1 Strath Haven condo.

Six single homes sold in July sold for an average of $529,750 and were on the market an average of just 29 days, contrasted with last July’s 10 single family homes sales that averaged $472,610 and spent an average of 84 days on the market.

540 Ogden Avenue had the highest selling price of the month at $820,000.

Four single family homes went under contract during the month with an average asking price of $583,250 and average of 41 days on the market.

There are 6 settlements scheduled for August, and 3 in September.

SWARTHMORE HOMES SOLD JULY 2019
ADDRESS BED BATH PRICE SETTLED DOM*
231 Park Avenue 4 2.1 $639,000 07/08/19 17
310 S Chester Road 4 3.0 $525,000 07/15/19 15
328  Vassar Avenue 4 2.1 $433,000 07/15/19 18
215 Yale Avenue 5 2.1 $405,000 07/22/19 43
540 Ogden Avenue 6 3.1 $820,000 07/23/19 1
559 Westminster Avenue 4 3.1 $399,500 07/24/19 9
801 Yale Avenue #1125 1 1.0 $93,000 07/25/19 63
915 Strath Haven Avenue 4 2.1 $480,000 07/30/19 79
217 N Princeton Avenue 4 2.0 $435,000 07/31/19 25
Average $469,944 30

* DOM = Days On Market

4 of the 9 Swarthmore homes sold in July had a Seller Assist:

– 231 Park Avenue – $1,200

– 310 S Chester Road – $700

– 215 Yale Avenue  – $1,000

– 540 Ogden Avenue – $1,400

Financing Methods

– Conventional Mortgage – 8 transactions

– Cash – 1 transaction

SWARTHMORE SINGLE HOMES – JULY 2019 – 6 SALES
Avg Price Median Price Low High DOM*
$529,750 $457,500 $399,500 $820,000 29
SWARTHMORE TWINS – JULY 2019 – 2 SALES
Avg Price Median Price Low High DOM*
$479,000 $479,000 $433,000 $525,000 17
SWARTHMORE CONDOS – JULY 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$93,000 $93,000 $93,000 $93,000 63
SWARTHMORE – JULY 2018 VS JULY 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 12 $412,425 $785,0000 80 96.6% 98.6%
2019 9 $469,944 $820,000 30 98.8% 99.3%
-25.0% 13.9% -125.0% 2.2% 0.7%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – June 2019

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June 2019 finished with 9 sales, 1 home less than last year. The average sales price was $487,833 representing a decrease of less than 1% over last year’s average of $491,850. The 9 sales consisted of 8 single family homes and 1 Strath Haven condo, and 1 twin home. June sales totaled $4,390,500.

The 8 single homes sold in June sold for an average of $572,429 spending an average of 48 days on the market. Last June 12 single family homes sold for an average price of $507,028 and averaged 43 days on the market.

101 Guernsey Road had the highest selling price for June at $870,000.

5 single family homes and 1 condo went under contract during June with an average asking price of $533,833 after spending an average of 54 days on the market.

There are 13 settlements scheduled – 8 in July, 3 in August and 2 in  September.

SWARTHMORE HOMES SOLD JUNE 2019
ADDRESS BED BATH PRICE SETTLED DOM*
405 Haverford Place 3 2.0 $422,000 06/05/19 45
314 Rutgers Avenue 4 2.0 $434,000 06/05/19 36
412 N Chester Road 6 3.1 $600,000 06/05/19 129
801 Yale Avenue #615 1 1.0 $66,300 06/12/19 34
512 N Chester Road 5 4.1 $536,000 06/12/19 33
101 Guernsey Road 4 3.1 $870,000 06/13/19 4
316 Dartmouth Avenue 4 1.1 $317,200 06/14/19 29
412 Park Avenue 4 2.1 $525,000 06/17/19 67
224 N Swarthmore Avenue 4 2.1 $620,000 06/21/19 22
Average $487,833 44

* DOM = Days On Market

7 of the 9 Swarthmore homes sold in June had a Seller Assist:

– 314 Rutgers Avenue – $2,500

– 412 N Chester Road – $17,000

– 801 Yale Avenue #615 – $1,360

– 512 N Chester Road – $3,650

– 316 Dartmouth Avenue – $6,200

– 412 Park Avenue – $2,000

– 224 N Swarthmore Avenue – $5,000

Financing Methods

-Conventional Mortgage – 7 transactions

– FHA Mortgage – 1 transaction

– Cash – 1 transaction

SWARTHMORE SINGLE HOMES – JUNE 2019 – 8 SALES
Avg Price Median Price Low High DOM*
$572,429 $536,000 $422,000 $870,000 48
SWARTHMORE CONDOS – JUNE 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$66,300 $66,300 $66,300 $66,300 34
SWARTHMORE TWINS – JUNE 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$317,200 $317,200 $317,200 $317,200 29
SWARTHMORE – JUNE 2018 VS JUNE 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 10 $491,850 $1,025,000 47 93.3% 96.3%
2019 9 $487,833 $870,000 44 97.7% 99.1%
-10.0% -.08% -6.4% 4.4% 2.8%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – May 2019

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Swarthmore College Graduation Ceremonies At The Arboretum

The average selling price in Swarthmore in May 2019 was $393,800, which represents a 6.5% increase over last year.

Total sales decreased by 2 homes over last year with 5 closed transactions. Five single family homes settled with an average selling price of $463,500 vs $420,180 last May.

625 Academy Road had the highest selling price of the month at $535,000.

Five single family homes, 2 twins, and 1 condo went under contract during the month with an average asking price of $445,238, averaging 34 days on the market.

There are 8 settlements scheduled in June, 6 in July, and 1 in August and September.

SWARTHMORE HOMES  SOLD MAY 2019
ADDRESS BED BATH PRICE SETTLED DOM*
632 Yale Avenue 3 2.0 $339,000 05/02/19 4
300 Cornell Avenue 4 2.1 $520,000 05/03/19 28
543 Marietta Avenue 4 1.1 $460,000 05/10/19 9
801 Yale Avenue #624 2 2.0 $115,500 05/30/19 48
625 Academy Road 4 2.1 $535,000 05/31/19 5
AVERAGE $393,800 19

* DOM = Days On Market

2 homes sold with a Seller Assist:

– 632 Yale Avenue – $2,000

– 300 Cornell Avenue – $7,500

Financing Methods

– Conventional Mortgage – 5

SWARTHMORE SINGLE HOMES – MAY 2019 – 4 SALES
Avg Price Median Price Low High DOM*
$463,500 $490,000 $339,000 $535,000 12
SWARTHMORE CONDOS – MAY 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$115,000 $115,000 $115,000 $115,0000 48
SWARTHMORE – MAY 2018 VS MAY 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2017 7 $373,686 $482,500 68 94.3% 95.9%
2018 5 $393,800 $535,000 19 101.2% 101.2%
-28.8% 6.5% -72.0% 6.9% 5.3%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – April 2019

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The Cherry Border At Scott Arboretum In Bloom

The month of April 2019 finished with 7 sales in Swarthmore, 3 greater than last year’s total. The average sales price was $544,922, which is a 32.3% increase over last year. Six single family homes and 1 condo settled during the month of April. Homes were on the market an average of 50 days.

Reflecting the tight inventory in town only 6 homes went under contract during the month with an average asking price of $547,317 and averaged 10 Days On the Market. At this time last year there were 13 homes under contract.

Six single homes sold during the month with an average selling price of $617,826 – last April 3 singles had an average sale price of $411,750.

405 Thayer Road had the highest selling price during April at $886,456.

There are 10 settlements scheduled – 5 in May, 4 in June, and 1 in August.

 
SWARTHMORE HOMES SOLD APRIL 2019
ADDRESS BED BATH PRICE SETTLED DOM*
600 N Chester Road 5 3.1 $859,000 04/08/19 57
801 Yale Avenue #806 1 1.0 $93,500 04/11/19 196
Lot 1 Union Avenue 4 2.1 $425,000 04/15/19 29
318 Rutgers Avenue 4 3.0 $477,500 04/19/19 51
627 Strath Haven Avenue 4 2.2 $460,000 04/23/19 6
215 Lafayette Avenue 4 3.1 $599,000 04/26/19 7
405 Thayer Avenue 7 4.1 $886,456 04/30/19 3
Average     $544,922   50

* DOM = Days On Market

3 of 7 homes sold with a  Seller Assist

– Lot 1 Union Avenue (New Construction) – $10,100

– 318 Rutgers Avenue – $5,700

– 627 Strath Haven Avenue – $22,150

Financing Methods

– Conventional Mortgage – 5 transactions

– Cash – 2 transactions

 
SWARTHMORE SINGLE HOMES – APRIL 2019 – 6 SALES
Avg Price Median Price Low High DOM*
$617,826 $538,250 $425,000 $886,456 26
 
SWARTHMORE CONDOS – APRIL 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$93,500 $93,500 $93,500 $93,500 196
 
SWARTHMORE – APRIL 2018 VS APRIL 2019
  SALES AVERAGE DOM* % ORIG LIST % LAST LIST
2018 4 $411,750 9 100.0% 100.0%
2019 7 $544,922 50 98.1% 100.1%
  75.0% 32.3% 455.0%  -1.9%  0.1%

* DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – March 2019

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Daffodils Are Blooming Around Town

There were 4 closed transactions in Swarthmore for the month of March 2019 – one more than last March – which sold for an average price of $247,650 and averaged 37 Days On Market. Two single family homes sold during the month selling for an average price of $400,300. The average selling price in the Swarthmore market decreased 39.0% compared to last year.

303 Chestnut Avenue had the highest selling price in March at $520,600.

Nine homes went under contract during March, 8 single homes and 1 twin home. This group had an average asking price of $476,989 and averaged 31 Days On Market.

There are 15 settlements scheduled with 7 in April, 4 in May, and 4 in June.

Closing out the 1st quarter of 2019 sales have increased by 1 home over last year to a total of 13 homes sold in the first three months of the year. The average selling price has decreased from $352,513 last year to $330,731 this year – a drop of 6.2%.

SWARTHMORE HOMES SOLD MARCH 2019
ADDRESS BED BATH PRICE SETTLED DOM*
801 Yale Avenue #105 2 2.0 $105,000 03/21/19 72
801 Yale Avenue #826 2 1.0 $85,000 03/22/19 14
303 Chestnut Avenue 3 2.0 $520,600 03/29/19 17
207 Yale Avenue 3 2.0 $280,000 03/29/19 45
AVERAGE $247,650 37

* DOM = Days On Market

2 homes sold with Seller Assist

– 801 Yale Avenue #105 – $1,000

– 207 Yale Avenue – $950

Financing Methods

Conventional Mortgage – 2 transactions

Cash – 2 transactions

SWARTHMORE SINGLE HOMES SOLD – MARCH 2019 – 2 SALES
Avg Price Median Price Low High DOM*
$400,300 $400,300 $280,000 $520,600 31
SWARTHMORE CONDOS SOLD – MARCH 2019 -2 SALES
Avg Price Median Price Low High DOM*
$95,000 $95,000 $85,000 $105,000 43
SWARTHMORE – MARCH 2018 VS MARCH 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 3 $405,833 $587,500 36 93.8% 95.9%
2019 4 $247,650 $530,600 37 92.6% 94.4%
33.3%  -39.0%  2.8%  -1.2%  -1.5%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – February 2019

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A February Snow Squall Left It’s Mark At The Arboretum

There were 7 sales in Swarthmore for the month of February 2019 selling for an average price of $403,271 and averaging just 37 Days On Market. Boosted by a million dollar plus sale the average selling price in Swarthmore posted a 7.1% increase compared to last year.

The average selling price of the 4 single homes sold during February was $444,788 which is a 18.2% increase over last February when 5 single homes were sold.

737 Harvard Avenue had the highest selling price in February at $1,075,000.

Four homes went under contract during February, 2 singles and 2 condos homes with an average asking price of $255,618 and averaging 80 Days On Market.

Future settlements scheduled – 4 in March and 5 in April.

Two months into the year the average selling prices stands at $367,656 – a 9.8% increase over last year with 9 closed transactions – the same number of units as last year. Days on the market are almost dead even with homes selling after 49 days this year’s first 2 month’s compared to 50 days last year.

SWARTHMORE HOMES SOLD FEBRUARY 2019
ADDRESS BED BATH PRICE SETTLED DOM*
910 Strath Haven Avenue 4 2.1 $504,000 02/13/2019 14
801 Yale Avenue #629 1 1.0 $79,900 02/15/2019 33
801 Yale Avenue #1020 2 2.0 $120,100 02/15/2019 90
737 Harvard Avenue 6 4.1 $1,075,000 02/27/2019 6
801 Yale Avenue #911 1 1.0 $134,900 02/28/2019 4
450 Strath Haven Avenue 4 2.1 $470,000 02/28/2019 23
238 Park Avenue 4 2.0 $439,000 02/28/2019 86
AVERAGE $376,430 42

* DOM = Days On Market

2 homes sold with a Seller Assist

– 910 Strath Haven Avenue – $325

– 238 Park Avenue – $2,000

Financing Methods

Conventional Mortgage – 4 transactions

Cash – 3 transactions

SWARTHMORE SINGLE HOMES SOLD – FEBRUARY 2019 – 4 SALES
Avg Price Median Price Low High DOM*
$444,788 $474,575 $315,000 $515,000 28
SWARTHMORE CONDOS SOLD – FEBRUARY 2019 – 3 SALES
Avg Price Median Price Low High DOM*
$111,633 $120,100 $79,900 $134,900 42
SWARTHMORE – FEBRUARY 2018 VS FEBRUARY 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 5 $376,430 $515,000 40 95.2% 97.9%
2019 7 $403,271 $1,075,000 37 99.3% 99.6%
40.0% 7.1% -8.0% 4.1% 1.7%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – January 2019

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Icicles Along Yale Avenue

The first month of the year is off to a slow start with just 2 closed transactions in Swarthmore. One single and 1 twin sold during the month selling price for an average price of $243,000 – falling 14.0% from last year’s average.

624 University Place had the highest selling price in January at $279,000.

Four homes went under contract during January – 3 singles and 1 condo. The average asking price was $498,225 and averaged 15 Days On Market.

There are 9 settlements scheduled – 8 in February and 1 in April.

SWARTHMORE HOMES SOLD JANUARY 2019
ADDRESS BED BATH PRICE SETTLED DOM*
309 Dartmouth Avenue 3 1.0 $207,000 01/11/2019 38
624 University Place 3 2.0 $279,000 01/25/2019 148
AVERAGE $243,000 93

* DOM = Days On Market

1 home sold with a Seller Assist

– 624 University Place – $16,740

Financing Methods

Conventional Mortgage – 1 transaction

FHA Mortgage – 1 transaction

SWARTHMORE SINGLE HOMES SOLD – JANUARY 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$279,000 $279,000 $279,000 $279,000 148
SWARTHMORE TWINS SOLD – JANUARY 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$207,000 $207,000 $207,000 $207,000 38
SWARTHMORE – JANUARY 2018 VS JANUARY 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 4 $282,625 $391,000 62 96.5% 98.2%
2019 2 $243,000 $279,000 93 85.1% 91.4%
-50.0% -14.0% 50.0% -11.4% -6.8%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – December 2018

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December 2019 recorded 9 closed transactions in Swarthmore, exceeding last year by 5 homes.. There were 6 single family homes and 3 Strath Haven condos sold during the month. The average selling price came in at $447,383 compared with last December’s $440,775 which amounts to a 1.8% increase.

438 Riverview Road had the highest selling price in December at $1,070,000

Three homes went under contract during December – 1 single and 2 condos – with an average asking price of $211,567 spending an average of 63 days on the market.

There are 3 settlements scheduled in January and 4 in February.

At the close of the year 2018 there have been 75 homes sold in Swarthmore, up 3 units from last year. The average selling price for 2018 of $381,367 represents a 2.3% increase over last year.

SWARTHMORE HOMES SOLD DECEMBER 2018
ADDRESS BED BATH PRICE SETTLED DOM*
400 Drexel Place 4 2.1 $385,000 12/07/2018 59
801 Yale Avenue #805 2 2.0 $92,000 12/11/2018 187
801 Yale Avenue #1024 2 2.0 $122,500 12/13/2018 59
622 N Chester Road 3 2.1 $685,350 12/14/2018 64
801 Yale Avenue #1222 3 2.0 $199,100 12/14/2018 22
416 Haverford Place 3 1.1 $350,000 12/20/2018 185
668 Parrish Road 3 1.1 $255,000 12/27/2018 63
438 Riverview Road 5 3.1 $1.070,000 12/28/2018 0
410 Thayer Road 6 4.1 $867,000 12/28/2018 64
AVERAGE $447,383 78

* DOM = Days On Market

Three homes sold in December had a Seller Assist:

– 400 Drexel Place – $2,400

– 416 Haverford Place – $2,650

– 668 Parrish Road – $15,000

Financing Methods
Conventional Mortgage – 4 transactions

Cash – 4 transactions

FHA Mortgage – 1 transaction

SWARTHMORE SINGLE HOMES SOLD – DECEMBER 2018 – 6 SALES
Avg Price Median Price Low High DOM*
$602,142 $535,425 $255,000 $1,070,000 73
SWARTHMORE SCONDOS SOLD – DECEMBER 2018 – 3 SALES
Avg Price Median Price Low High DOM*
$137,867 $122,500 $92,000 $199,100 89
SWARTHMORE – DECEMBER 2017 VS DECEMBER 2018
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2017 4 $448,500 $625,000 136 81.5% 95.4%
2018 9 $447,383 $1,070,000 78 92.2% 95.5%
125.0% -0.002% -42.6% 10.7% 0.1%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – November 2018

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There were 8 Swarthmore homes sold in November compared to a meager 2 transactions last year. Sales consisted of 5 single homes, 2 Strath Haven condos, and 1 twin home sold during the month, with the average selling price coming in at $372,800.

Through the end of November there have been 66 closed transactions in Swarthmore – 2 less then last year in the same time frame. The average selling price for the first 11 months of 2018 stands at $382,173 vs $377,419 last year – a 1.3% increase.

360 N Swarthmore Avenue had the highest selling price in November at $675,000.

Six  single family homes 1 twin, and 1 condo went under contract during November with an average asking price of $419,206 and were on the market an average of 124 days.

There are 7 settlements scheduled for December and 3 in January.

SWARTHMORE HOMES SOLD NOVEMBER 2018
ADDRESS BED BATH PRICE SETTLED DOM*
801 Yale Avenue #1019 2 2.0 $133,000 11/01/2018 33
629 N Chester Road 4 2.1 $475,000 11/09/2018 12
621 Srath Haven Avenue 4 3.1 $614,900 11/15/2018 21
329 Cornell Avenue 3 1.1 $250,000 11/16/2018 114
312 Union Avenue 3 1.1 $332,500 11/16/2018 95
801 Yale Avenue #908 3 2.0 $182,000 11/16/2018 74
134 Rutgers Avenue 5 2.0 $320,000 11/27/2018 206
360 N Swarthmore Avenue 4 2.2 $675,000 11/29/2018 4
AVERAGE $372,800 70

* DOM = Days On Market

3 homes sold with a Seller Assist

– 629 N Chester Road – $5,000

– 621 Srath Haven Avenue – $4,500

– 134 Rutgers Avenue – $11,750

Financing Methods

Conventional Mortgage – 6 transactions

Cash – 2 transactions

SWARTHMORE SINGLES  SOLD – NOVEMBER 2018- 5 SALES
Avg Price Median Price Low High DOM*
$483,480 $475,000 $320,000 $675,000 68
SWARTHMORE CONDOS SOLD – NOVEMBER 2018- 2 SALES
Avg Price Median Price Low High DOM*
$157,500 $157,500 $133,000 $182,000 54
SWARTHMORE TWINS SOLD – NOVEMBER 2018- 1 SALE
Avg Price Median Price Low High DOM*
$250,000 $250,000 $250,000 $250,000 114
SWARTHMORE – NOVEMBER 2017 VS NOVEMBER 2018
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2017 2 $116,250 $137,500 27 89.0% 89.0%
2018 8  $372,800  $675,000  70  91.0%  96.2%
300.0% 220.7%  159.3% 2.0%   7.2%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – October 2018

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There were 3 closed transactions in Swarthmore during the month of October 2018 equaling the activity from last year. It stands with March as the lowest monthly settled activity for the year.

Five single family homes and 2 Strath Haven condos went under contract during October with an average asking price of $457,186 after spending an average of 82 days on the market.

664 Parrish Road had the highest selling price of the month at $460,000.

Through the end of the first 10 months of the year there have been 57 closed transactions in Swarthmore compared with 66 through October of last year. The average selling price for the first 10 months of 2018 stands at $382,159, a decrease of less than 1% compared to the same time period last year.

There are 11 future settlements scheduled – 9 in November and 2 in December.

SWARTHMORE HOMES SOLD –  OCTOBER 2018
ADDRESS BED BATH PRICE SETTLED DOM*
107 Rutgers Avenue #A1 1 1.0 $87,500 10/17/20178 12
664 Parrish Road 4 2.1 $460,000 10/23/2018 48
801 Yale Avenue #716 1 1.0 $85,500 10/24/2018 7
Average $211,000 22

* DOM = Days On Market

Financing Methods

Conventional Mortgage – 2 transactions

Cash – 1 transaction

SWARTHMORE SINGLES – OCTOBER 2018 – 1 SALE
Avg Price Median Price Low High DOM*
$460,000 $460,000 $460,000 $460,000 48
SWARTHMORE CONDOS – OCTOBER 2018 – 2 SALES
Avg Price Median Price Low High DOM*
$86,500 $86,500 $85,500 $87,500 10
SWARTHMORE – OCTOBER 2017 VS OCTOBER 2018
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2017 3 $340,000 $580,000 39 91.5% 93.0%
2018 3 $211,000 $460,000 22 94.4% 94.4%
0.0% -37.9% -43.6% 2.9% 1.4%

Swarthmore Real Estate – Swarthmore, PA 19081

S. Clark Kendus

Sales Associate

D. Patrick Welsh
16 Park Avenue
Swarthmore, PA 19081
Cell: (610)-322-6734
Office: (610)-543-0560
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