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Swarthmore Monthly Market Reviews

Wallingford PA Real Estate

By Clark Kendus

Swarthmore Real Estate – August 2018

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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

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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

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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

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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

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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

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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

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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

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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

Swarthmore Real Estate – December 2017

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Holiday Lights On Park Avenue

December 2017 recorded 4 closed transactions in Swarthmore falling 3 short of last year’s total. There were 4 single family homes sold during the month. The average selling price came in at $448,500 compared with last December’s $440,775 which amounts to a 1.8% increase.

At the close of 2017 there have been 72 homes sold in Swarthmore, down 3 units from last year. The average selling price for 2017 of $381,367 represents a decrease of 5.0% from the 2016 average of $401,617.

144 Park Avenue had the highest selling price in December at $625,000.

Two homes went under contract during December – 1 single and 1 condo – with an average asking price of $283,000 spending an average of 101 days on the market.

There are 4 settlements scheduled in January.

SWARTHMORE HOMES SOLD DECEMBER 2017
ADDRESS BED BATH PRICE SETTLED DOM*
622 University Place 4 2.1 $454,000 12/04/2017 155
6 Crest Lane 3 2.1 $370,000 12/12/2017 262
144 Park Avenue 10 5.3 $625,000 12/23/2017 89
324 Magill Road 4 1.1 $345,000 12/28/2017 38
AVERAGE $448,500 136

* DOM = Days On Market

None of the homes sold in December had a Seller Assist:

Financing Methods
Conventional Mortgage – 3 transactions

Cash – 1 transaction

SWARTHMORE SINGLE HOMES SOLD – DECEMBER 2017 – 4 SALES
Avg Price Median Price Low High DOM*
$448,500 $412,000 $345,000 $625,000 136
SWARTHMORE – DECEMBER 2016 VS DECEMBER 2017
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2016 7 $440,775 $699,927 73 94.2% 97.1%
2017 4 $448,500 $625,000 136 81.5% 95.4%
-43.0% 1.8% 86.3% -12.7% -1.7%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – November 2017

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The results of limited inventory showed up in the November 2017 data as there were only 2 closed transactions in Swarthmore during the November which is the lowest monthly total year to date. There were 2 Strath Haven condos sold during the month, and the average selling price was $116,250.

Through the end of November there have been 68 closed transactions in Swarthmore equaling the same total through November of last year. The average selling price for the first 11 months of 2017 stands at $377,419 vs $397,586 last year – a 5.1% decrease.

801 Yale Avenue #717 had the highest selling price in November at $137,500.

Two single family homes 1 twin, and 1 condo went under contract during November with an average asking price of $390,725 and were on the market an average of 72 days.

There are 4 settlements scheduled for December and 3 in January.

SWARTHMORE HOMES SOLD NOVEMBER 2017
ADDRESS BED BATH PRICE SETTLED DOM*
801 Yale Avenue #717 2 2.0 $137,500 11/09/2017 29
801 Yale Avenue #1106 1 1.0 $95,000 11/16/2017 24
Average $116,250 27

* DOM = Days On Market

Financing Methods

Cash – 2 transactions

SWARTHMORE CONDOS SOLD – NOVEMBER 2017 – 2 SALES
Avg Price Median Price Low High DOM*
$116,250 $116,250 $95,000 $137,500 27
SWARTHMORE – NOVEMBER 2016 VS NOVEMBER 2017
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2016 3 $510,167 $550,000 88 97.1% 97.1%
2017 2  $116,250  $137,500  27  89.0%  89.0%
-33.3%  -77.2%  -69.3%  -8.1%   -8.1%

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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