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

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

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

Reflective of a very limited inventory there was 1 lone closed transaction recorded for the month of March.

Five single homes went and two twins went under contract during March with an average asking price of $547,914 and averaged 52 Days On the Market.

There are 4 settlements scheduled for April and 1 in May.

At the conclusion of the 1st quarter the average selling prices stands at $415,500 – a 25.6% increase over last year with 8 closed transactions – 5 homes short same of last year’s total. Average Days on the market stands at 37.

SWARTHMORE HOMES SOLD MARCH 2020

ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
217 Dickinson Avenue	5	4.0	SNG	$850,000	03/04/20	0
AVERAGE				$850,000		0

* DOM = Days On Market

217 Dickinson Avenue sold with a $23,200 Seller Assist

Financing Methods

Conventional Mortgage – 1 transaction

SWARTHMORE SINGLE HOMES SOLD – MARCH 2020 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$850,000	$850,000	$850,000	$850,000	0

SWARTHMORE -MARCH 2019 VS MARCH 2020

	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	4	$247,650	$520,600	27	92.6%	94.4%
2020	1	$850,000	$850,000	0	100.0%	100.0%
	-250.0%				7.4%	5.6%

Swarthmore Real Estate – Swarthmore, PA 19081