Swarthmore Monthly Market Reviews

Swarthmore Real Estate – October 2018

November 1, 2018 by admin

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

Swarthmore Real Estate – September 2018

October 6, 2018 by admin

The Swarthmore Farmers Market Was Ranked #1 In PA And #2 In The Nation In Recent Voting

The average selling price in Swarthmore of the 5 homes sold during September 2018 decreased 9.0% compared to last year, recording an average selling price of $277,300. The 5 sales consisted of 3 single family homes and 2 condos.

Three single homes sold in September sold for an average of $385,333 and were on the market an average of 40 days. Last September 5 single family homes sold for an average of $446,750 and averaged 52 Days On the Market.

550 Walnut Lane had the highest selling price of the month at $500,000.

Two condos were the sole properties that went under contract during – with an average asking price of $97,500 and averaging 20 days on the market.

Looking forward there are 7 settlements scheduled – 2 in October, and 5 in November.

**SWARTHMORE HOMES SOLD SEPTEMBER 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
550 Walnut Lane	5	2.1	$500,000	09/06/2018	64
6 Swarthmore Place	3	2.1	$436,000	09/14/2018	9
107 Rutgers Avenue #H4	2	1.0	$125,500	09/18/2018	19
801 Yale Avenue #1106	1	1.0	$105,000	09/28/2018	19
406 Drexel Place	3	1.0	$220,000	09/28/2018	47
Average			$277,300		32

* DOM = Days On Market

550 Walnut Lane sold with a $6,500 Seller Assist:

Financing Methods

Conventional Mortgage – 4 transactions

Cash – 1 transaction

**SWARTHMORE SINGLE HOMES – SEPTEMBER 2018 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$385,333	$436,000	$220,000	$500,000	40

**SWARTHMORE CONDOS – SEPTEMBER 2018 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$115,250	$115,250	$105,000	$125,500	19

**SWARTHMORE – SEPTEMBER 2017 VS SEPTEMBER 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2017	7	$304,643	$732,500	36	94.4%	97.7%
2018	5	$277,300	$500,000	32	90.7%	97.5%
	-28.6%	-9.0%		-11.1%	-3.7%	-0.2%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – August 2018

September 4, 2018 by admin

Curious Cat At The Wister House Pond

There were 5 Swarthmore homes sold during August, a decrease of 4 homes in comparison to last year. The average selling price was $372,600 – a 22.2% decrease compared to last year. The 5 sales consisted of 4 single family homes, and 1 condo.

The 4 single homes sold in August had an average selling price of $432,000 and were on the market an average of 20 days, contrasted with last August’s 2 single family homes sales that averaged $503,556 and 72 days on the market.

520 Westminster Avenue had the highest selling price of the month at $589,000.

One single family home went under contract during the month.

There are 4 settlements scheduled for September, 1 in October, and 2 in November.

**SWARTHMORE HOMES SOLD AUGUST 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
340 Haverford Place	4	2.0	$334,000	08/08/2018	2
15 Dartmouth Avenue	3	2.0	$270,000	08/10/2018	53
801 Yale Ave Unit #609	2	2.0	$135,000	08/13/2017	4
108 Cornell Avenue	4	3.1	$535,000	08/15/2018	22
520 Westminster Avenue	4	1.1	$589,000	08/17/2018	3
Average			$372,600		43

* DOM = Days On Market

1 of the 5 Swarthmore homes sold in August had a Seller Assist:

– 108 Cornell Avenue – $3,500

Financing Methods

– Conventional Mortgage – 3 transactions

– Cash – 2 transactions

**SWARTHMORE SINGLE HOMES – AUGUST 2018 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$432,000	$434,500	$270,000	$589,000	20

**SWARTHMORE CONDOS – AUGUST 2018 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$135,000	$135,000	$135,000	$135,000	135

**SWARTHMORE – AUGUST 2017 VS AUGUST 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2017	9	$479,494	$783,550	67	97.4%	98.9%
2018	5	$372,600	$589,000	43	93.6%	98.1%
	-44.4%	-22.2%		-35.8%	-3.8%	-.08%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – July 2018

August 2, 2018 by admin

Swarthmore CO-OP Featured New Signage In July

July 2018 finishes with 12 closed sales in Swarthmore, 4 homes more than last July. The average sales price was $412,425 which is a 2.8% decrease over last year. The 12 sales consisted of 10 single family homes and 2 Strath Haven condos.

Ten single homes sold in July sold for an average of $472,610 and were on the market an average of 84 days, contrasted with last July’s 5 single family homes sales that averaged $586,800 and 40 days on the market.

922 Strath Haven Avenue had the highest selling price of the month at $785,000.

Three single family homes and 3 condos went under contract during the month with an average asking price of $284,667 and averaging 40 days on the market.

There are 4 settlements scheduled for August, 2 in September, and 2 in November.

**SWARTHMORE HOMES SOLD JULY 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
408 Strath Haven Avenue	4	2.1	$430,000	07/02/18	4
801 Yale Avenue #1011	1	1.0	$91,500	07/02/18	40
315 Dickinson Avenue	3	2.1	$445,500	07/03/18	4
128 Park Avenue	4	2.1	$601,000	07/05/18	3
801 Yale Avenue #812	2	2.0	$131,500	07/11/18	84
307 Rutgers Avenue	3	1.0	$346,600	07/16/18	6
323 Cornell Avenue	5	2.1	$425,000	07/17/18	11
316 Maple Avenue	5	3.1	$760,000	07/20/18	6
401 Haverford Place	4	2.0	$328,000	07/23/18	328
308 Haverford Place	4	2.0	$315,000	07/25/18	35
28 Dartmouth Circle	3	2.0	$290,000	07/26/18	18
922 Strath Haven Avenue	6	4.1	$785,000	07/27/18	421
Average			$412,425		80

* DOM = Days On Market

4 of the 12 Swarthmore homes sold in July had a Seller Assist:

– 128 Park Avenue – $7,500

– 316 Maple Avenue – $5,500

– 401 Haverford Place – $13,750

– 28 Dartmouth Circle – $10,000

Financing Methods

-Conventional Mortgage – 12 transactions

**SWARTHMORE SINGLE HOMES – JULY 2018 – 10 SALES**
Avg Price	Median Price	Low	High	DOM*
$472,610	$427,500	$290,000	$785,000	84

**SWARTHMORE CONDOS – JULY 2018 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$111,500	$111,500	$91,500	$131,500	62

**SWARTHMORE – JULY 2017 VS JULY 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2017	8	$424,375	$810,000	27	95.5%	98.5%
2018	12	$412,425	$785,000	80	96.6%	98.6%
	50.0%	-2.8%		196.3%	1.1%	0.1%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – June 2018

July 9, 2018 by admin

June 2018 finished with 10 sales, 2 homes fewer than last year. The average sales price was $491,850 representing a 6.8% increase over last year’s average of $462,690. The 10 sales consisted of 8 single family homes and 2 Strath Haven condos. Junes sales totaled $4,918,500.

The 10 single homes sold in June spanned from $329,900 to $1,025,000 in price and sold for an average of $491,850 averaging 82 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.

427 Riverview Road had the highest selling price of the month at $1,025,000.

6 single family homes and 1 condo went under contract during June with an average asking price of $367,343 after spending an average of 33 days on the market.

There are 15 settlements scheduled – 10 in July, 3 in August and 1 in both September and November..

**SWARTHMORE HOMES SOLD JUNE 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
506 Drew Avenue	4	2.1	$465,000	06/04/18	1
801 Yale Avenue #928	1	1.0	$96,500	06/05/18	9
801 Yale Avenue #1220	2	2.0	$106,000	06/08/18	7
427 Riverview Road	7	6.1	$1,025,000	06/12/18	4
401 Dickinson Avenue	3	2.0	$436,000	06/15/18	3
345 Haverford Place	4	2.0	$320,000	06/22/18	24
120 Park Avenue	6	4.0	$760,000	06/25/18	22
125 Guernsey Road	5	3.1	$875,000	06/25/18	14
518 S Chester Road	4	3.2	$475,000	06/25/18	288
236 Bowdoin Avenue	4	2.0	$360,000	06/29/18	451
Average			$491,850		82

* DOM = Days On Market

1 of the 10 Swarthmore homes sold in June had a Seller Assist:

– 401 Dickinson Avenuee – $132

Financing Methods

-Conventional Mortgage – 6 transactions

– Cash – 4 transactions

**SWARTHMORE SINGLE HOMES – JUNE 2018 – 8 SALES**
Avg Price	Median Price	Low	High	DOM*
$589,500	$470,000	$320,000	$1,025,000	101

**SWARTHMORE CONDOS – JUNE 2018 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$101,250	$101,250	$96,500	$106,000	8

**SWARTHMORE – JUNE 2017 VS JUNE 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2017	12	$462,690	$1,025,000	38	102.8%	102.9%
2018	10	$491,850	$1,025,000	82	93.3%	96.3%
	-16.7%	6.3%		115.8%	-9.5%	-6.6%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – May 2018

June 5, 2018 by admin

A Springtime Game Of Frisbee Framed By Kohlberg Hall

The average selling price in Swarthmore in May 2018 was $373,686, which represents a 18.9% increase over last year. Last May recorded 6 condos sales which depressed the average selling price – this May there was only 1 condo sale was posted.

Total sales decreased by 6 homes over last year with 7 closed transactions. Five single family homes settled with an average selling price of $420,180 – falling short of last year’s May average by 12.9%.

301 Riverview Road had the highest selling price of the month at $482,500.

Eight single family homes and 2 condos went under contract during the month with an average asking price of $433.110, averaging 190 days on the market.

There are 10 settlements scheduled in June, 9 in July, and 1 in August.

**SWARTHMORE HOMES SOLD MAY 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
8 Ogden Avenue	4	2.1	$362,400	05/09/18	272
801 Yale Avenue #927	2	2.0	$128,000	05/17/18	152
405 Michigan Avenue	3	2.0	$405,000	05/18/18	37
301 Riverview Road	4	2.2	$482,500	05/22/18	210
304 Dickinson Avenue	4	2.1	$460,000	05/24/18	10
1 Village Greens Lane	4	3.0	$386,900	05/25/18	16
211 Cornell Avenue	6	2.1	$391,000	05/25/18	16
AVERAGE			$373,686		102

* DOM = Days On Market

1 home sold with a Seller Assist:

– 211 Cornell Avenue – $11,500

Financing Methods

– Conventional Mortgage – 4

– VA Mortgage – 1

– Cash – 1

– Other Financing – 1

**SWARTHMORE SINGLE HOMES – MAY 2018 – 5 SALES**
Avg Price	Median Price	Low	High	DOM*
$420,180	$405,000	$362,400	$482,500	109

**SWARTHMORE CONDOS – MAY 2018 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$128,000	$128,000	$128,000	$128,000	152

**SWARTHMORE TOWNHOMES – MAY 2018 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$386,900	$386,900	$386,900	$386,900	16

**SWARTHMORE – MAY 2017 VS MAY 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2016	13	$314,377	$700,000	69	94.5%	96.3%
2018	7	$373,686	$482,500	102	94.3%	95.9%
	-46.2%	18.9%		47.8%	-0.2%	-0.4%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – April 2018

May 3, 2018 by admin

The Food Truckathon Returned In April

The month of April 2018 finished with 4 closed sales in Swarthmore, 1 less than last year’s total. The average sales price was $411,750. All sales were single family homes. They spent an average 7 Days On The Market.

Thirteen homes went under contract during the month with an average asking price of $559,900 and averaged 50 Days On the Market.

There are 10 settlements scheduled – 7 in May, 1 in June, and 2 in July. At this time last year there were 22 settlements on the books.

**SWARTHMORE HOMES SOLD APRIL 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
535 Walnut lane	3	2.1	$324,000	04/06/2018	11
209 Yale Avenue	4	3.0	$419,000	04/09/2018	1
333 Dickinson Avenue	3	2.1	$505,000	04/23/2018	14
113 Yale Avenue	4	2.0	$399,000	04/26/2018	3
Average			$411,750		7

* DOM = Days On Market

113 Yale Avenue sold with A $1,000 Seller Assist

Financing Methods

– Conventional Mortgage – 2 transactions

– Cash – 2 transactions

**SWARTHMORE SINGLE HOMES – APRIL 2018 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$411,750	$409,000	$324,000	$505,000	7

**SWARTHMORE – APRIL 2017 VS APRIL 2018**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2017	5	$306,000	67	96.2%	97.8%
2018	4	$411,750	7	100.0%	100.0%
	25.0%	34.6%		3.8%	2.2%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – March 2018

April 2, 2018 by admin

A Early March Northeaster Pummelled Trees On Union Avenue

There were 3 closed transactions in Swarthmore for the month of March 2018 – the same total as last year – which sold for an average price of $587,500 and averaged 36 Days On Market. Two single family homes sold during the month selling for an average price of $558,750. The average selling price in the Swarthmore market increased 29.6% over last year.

234 Haverford Avenue had the highest selling price in March at $587,500.

Six homes went under contract during March, all were single homes. This group had an average asking price of $386,050 and averaged just 12 Days On Market.

There are 5 settlements scheduled, which is half the number at this time last year. Four April settlements are expected as well as 1 in July.

Closing out the 1st quarter of 2018 sales have increased by 3 homes over last year to a total of 12 homes sold in the first three months of the year. The average selling price has decreased from $377,759 last year to $352,513 this year – a 6.7% drop.

**SWARTHMORE HOMES SOLD MARCH 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
508 Harvard Avenue	5	2.1	$530,000	03/15/18	13
107 Rutgers Avenue #G4	2	1.0	$100,000	03/16/18	73
230 Haverford Avenue	4	2.1	$587,500	03/28/18	79
AVERAGE			$405,833		36

* DOM = Days On Market

230 Haverford Avenue sold with a $13,256 Seller Assist

Financing Methods

Conventional Mortgage – 3 transactions

**SWARTHMORE SINGLE HOMES SOLD – MARCH 2018 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$558,750	$558,750	$530,000	$587,500	18

**SWARTHMORE CONDOS SOLD – MARCH 2018 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$100,000	$100,000	$100,000	$100,000	73

**SWARTHMORE – MARCH 2017 VS MARCH 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2017	3	$313,167	$375,000	66	91.1%	93.0%
2018	3	$405,833	$587,500	36	93.8%	95.9%
	0.0%	29.6%		-45.5%	2.7%	2.9%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – February 2018

March 1, 2018 by admin

A Nostalgic View Of The Co-Op From The 1940’s

There were 5 sales in Swarthmore for the month of February 2018 selling for an average price of $376,430 and averaging 42 Days On Market. Overall the average selling price in the Swarthmore market increased decreased 13.8% compared to last year. The average selling price of the 4 single homes sold during February was $444,788 which is a 1.8% increase over last year.

621 Magill Road had the highest selling price in February at $515,000.

Two homes went under contract during February, both single homes. They had an average asking price of $562,450 and averaged 18 Days On Market.

Future settlements scheduled – 3 in March and 1 in April

**SWARTHMORE HOMES SOLD FEBRUARY 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
213 N Princeton Avenue	3	1.0	$315,000	02/05/2018	6
621 Magill Road	4	3.1	$515,000	02/07/2018	5
219 Lafayette Avenue	3	2.0	$439,150	02/15/2018	76
801 Yale Avenue #516	1	1.0	$103,000	02/22/2018	99
318 Rutgers Avenue	4	3.0	$510,000	02/23/2018	26
Average			$376,430		42

* DOM = Days On Market

2 homes sold with a Seller Assist

– 621 Magill Road – $1,000

– 219 Lafayette Avenue – $9,850

Financing Methods

Cash – 4 transactions

Conventional Mortgage – 1 transaction

**SWARTHMORE SINGLE HOMES SOLD – FEBRUARY 2018 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$444,788	$474,575	$315,000	$515,000	28

**SWARTHMORE CONDOS SOLD – FEBRUARY 2018 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$103,000	$103,000	$103,000	$103,000	99

**SWARTHMORE – FEBRUARY 2017 VS FEBRUARY 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2017	4	$436,750	$547,000	77	92.8%	96.7%
2018	5	$376,430	$515,000	42	95.2%	97.9%
	25.0%	-13.8%		-45.5%	2.4%	1.2%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – January 2018

February 2, 2018 by admin

Scott Amphitheater During A January Snow

The first month of the year saw 4 closed transactions in Swarthmore. Two singles, 1 twin, and 1 condo sold during the month selling price for an average price of $282,625 – falling 21.0% from last year’s average.

135 Rutgers Avenue had the highest selling price in January at $391,000

Five homes went under contract during January with 3 singles and 2 condos going under contract. The average asking price was $320,360 and averaged 39 Days On Market.

There are 5 settlements scheduled – 3 in February and 2 in March.

**SWARTHMORE HOMES SOLD JANUARY 2018**
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
565 Juniata Avenue	4	3.1	$337,500	01/03/2018	54
801 Yale Avenue #830	2	2.0	$117,000	01/10/2018	98
801 Yale Avenue #1101	3	2.1	$285,000	01/12/2018	14
135 Rutgers Avenue	6	3.1	$391,000	01/19/2018	80
AVERAGE			$282,625		62

* DOM = Days On Market

2 homes sold with a Seller Assist

– 135 Rutgers Avenue – $11,730

– 565 Juniata Avenue – $7,500

Financing Methods

Conventional Mortgage – 2 transactions

Cash – 2 transactions

**SWARTHMORE CONDOS SOLD – JANUARY 2018 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$201,000	$201,000	$117,000	$285,000	56

**SWARTHMORE SINGLE HOMES SOLD – JANUARY 2018 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$337,500	$337,500	$337,500	$337,500	54

**SWARTHMORE TWINS SOLD – JANUARY 2018 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$391,000	$391,000	$391,000	$391,000	80

**SWARTHMORE – JANUARY 2017 VS JANUARY 2018**
	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2017	2	$356,667	$420,000	123	83.9%	92.4%
2018	4	$282,625	$391,000	62	96.5%	98.2%
	50.0%	-21.0%		-49.5%	-12.6%	-5.8%

Swarthmore Real Estate – Swarthmore, PA 19081

S. Clark Kendus