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

There were just 2 sales in Swarthmore for the month of February 2020 selling for an average price of $376,430 and averaging just 42 Days On Market. A lack of housing inventory is a major hurdle in toward the attainment of a “normal” sales volume.

405 Vassar Avenue had the highest selling price in February at $385,000.

Two homes went under contract during February, both singles, with an average asking price of $384,750 and averaging just 5 Days On the Market.

A lone settlement is scheduled for March.

Two months into the year the average selling prices stands at $353,429 – a 3.9% increase over last year with 7 closed transactions -2 homes short same of last year’s total. Average Days on the market stands at 42.

SWARTHMORE HOMES SOLD FEBRUARY 2020

ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
405 Vassar Avenue	4	2.0	SNG	$385,000	02/12/20	3
201 Dartmouth Avenue	4	1.1	SNG	$290,000	02/19/20	148
AVERAGE				$376,430		42

* DOM = Days On Market

201 Dartmouth Avenue sold with a $8,700 Seller Assist

Financing Methods

Conventional Mortgage – 1 transaction

Cash – 1 transaction

SWARTHMORE SINGLE HOMES SOLD – FEBRUARY 2020 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$385,000	$385,000	$385,000	$385,000	3

SWARTHMORE TWINS SOLD – FEBRUARY 2020 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$290,000	$290,000	$290,000	$290,000	148

SWARTHMORE – FEBRUARY 2019 VS FEBRUARY 2020

	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	7	$403,271	$1,075,000	32	99.3%	99.6%
2020	2	$337,500	$385,000	76	101.9%	104.7%
	-71.4%	-16.3%		138.0%	2.6%	5.1%

Swarthmore Real Estate – Swarthmore, PA 19081

The first month of the year in Swarthmore ended with 4 homes sold transactions which is twice the number of homes sold last year. Three condominiums – 2 Strath Haven condos and 1 Rutgers Avenue condo – and 1 single home sold with an average selling price of $297,250.

411 N Swarthmore Avenue had the highest selling price in January at $757,500.

Two homes went under contract during January – 1 single and 1 twin. The average asking price was $321,000 and averaged 76 Days On The Market.

There are 2 settlements scheduled – both in February.

SWARTHMORE HOMES SOLD JANUARY 2020

ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
411 N Swarthmore Avenue	6	4.2	SNG	$757,500	01/10/20	82
801 Yale Avenue #1109	2	2.0	CONDO	$154,900	01/14/20	5
107 Rutgers Avenue #E2	2	1.1	CONDO	$120,000	01/15/20	4
801 Yale Avenue #1226	2	2.0	CONDO	$124,000	01/31/20	44
AVERAGE				$297,250		34

* DOM = Days On Market

1 home sold with a Seller Assist

– 411 N Swarthmore Avenue – $10,000

Financing Methods

Conventional Mortgage – 2 transactions

Cash – 2 transactions

SWARTHMORE SINGLE HOMES SOLD – JANUARY 2020 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$757,500	$757,500	$757,500	$757,500	82

SWARTHMORE CONDOS SOLD – JANUARY 2020 – 3 SALES

Avg Price	Median Price	Low	High	DOM*
$143,833	$124,000	$120,000	$187,500	18

SWARTHMORE – JANUARY 2019 VS JANUARY 2020

	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2019	2	$243,000	$279,000	80	85.1%	91.4%
2020	4	$297,250	$757,500	34	96.9%	98.1%
	100.00%	22.3%		-58.0%	11.8%	6.7%

Wallingford Real Estate – Wallingford, PA 19086

December 2019 recorded 10 closed transactions in Swarthmore, exceeding last year’s tally by 1 home. There were 8 single family homes and 2 Strath Haven condos sold during the month. The average selling price came in at $395,150 compared with last December’s $447,383 which amounts to a 11.7% decrease.

216 S Chester Road had the highest selling price in December at $795,000.

One home went under contract during December – a Strath Haven condo with an asking price of $129,500 after spending 44 days on the market.

There are 4 settlements scheduled in January and 1 in February.

At the close of 2019 there have been 75 homes sold in Swarthmore, matching the total units sold last year.  The average selling price for 2019 of $444,645 represents a 14.0% increase over last year.

The 55 single family homes sold in 2019 sold for an average price of $538,174 and averaged 33 days on the market. Last year’s 54 single family homes sold for an average price of $486,762 and averaged 54 days on market.

SWARTHMORE HOMES SOLD NDECEMBER 2019

ADDRESS	BED	BATH	TYPE	PRICE	SETTLED	DOM*
216 S Chester Road	6	3.1	SNG	$795,000	12/02/19	3
201 S Chester Road	6	3.1	SNG	$525,000	12/02/19	31
570 Marietta Avenue	3	2.1	SNG	$405,000	12/03/19	89
540 Riverview Avenue	4	1.0	SNG	$352,500	12/04/19	7
410 S Chester Road	5	3.1	SNG	$280,000	12/05/19	54
801 Yale Avenue #309	2	1.1	CONDO	$145,000	12/06//19	7
415 Drew Avenue	4	2.1	SNG	$154,900	12/02/19	273
405 Park Avenue	3	2.0	SNG	$400,000	12/24/19	0
539 Marietta Avenue	3	2.0	SNG	$499,000	12/30/19	22
801 Yale Avenue #1015	1	1.0	CONDO	$75,000	12/31/19	37
AVERAGE				$395,150		45

* DOM = Days On Market

216 S Chester Road sold with a $9,800 Seller Assist:

Financing Methods

Conventional Mortgage – 5 transactions

Cash – 4 transactions

FHA Mortgage – 1 transaction

SWARTHMORE SINGLE HOMES SOLD – DECEMBER 2019 – 8 SALES

Avg Price	Median Price	Low	High	DOM*
$466,438	$535,425	$280,000	$795,000	50

SWARTHMORE CONDOS SOLD – DECEMBER 2019 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$110,000	$110,000	$75,000	$145,000	22

SWARTHMORE – DECEMBER 2018 VS DECEMBER 2019

	SALES	AVERAGE	HIGH	DOM*	% ORIG LIST	% LAST LIST
2018	9	$447,383	$1,070,000	62	92.2%	95.5%
2019	10	$395,150	$795,000	45	90.8%	93.3%
	11.1%	-11.7%		-27.4%	-1.4%	-2.2%

Swarthmore Real Estate – Swarthmore, PA 19081