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Swarthmore Monthly Market Reviews

Wallingford PA Real Estate

By Clark Kendus

Swarthmore Real Estate – May 2020

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There were 5 closed transactions during the month of May matching last year’s sales. The average sales prices rose 25.5% compared to last year coming in at $494,400.

Four homes went under contract during the month – 3 single homes and 1 Strath Haven condo. The average asking price was $362,100 and averaging 90 days on the market.

200 S Swarthmore Avenue had the highest selling price for the month at $681,000.

There are 5 settlements scheduled for May and 1 in August.

At the conclusion of the first five months of 2020 the number of homes sold is lagging behind  last year for the same time fame. However the average selling prices stands at $457,406 – a 8.6% increase over last year – with 16 closed transactions – 9 homes short of last year’s total.

SWARTHMORE HOMES SOLD MAY 2020
ADDRESS BED BATH TYPE PRICE SETTLED DOM*
313 Dickinson Avenue 4 2.1 SNG $579,000 05/19/20 3
521 Westminster Avenue 3 2.0 SNG $465,000 05/26/20 14
731 Yale Avenue 6 3.1 SNG $505,000 05/28/20 26
315 Brighton Avenue 5 1.1 TWIN $242,000 05/28/20 147
200 S Swarthmore Avenue 4 3.2 SNG $681,000 05/29/20 6
AVERAGE $494,400 39

* DOM = Days On Market

3 homes sold with a  Seller Assist

– 313 Dickinson Avenue – $2,300

– 521 Westminster Avenue – $1,000

– 200 S Swarthmore Avenue – $19,500

Financing Methods

Conventional Mortgage – 5 transactions

SWARTHMORE SINGLE HOMES SOLD – MAY 2020 – 4 SALES
Avg Price Median Price Low High DOM*
$557,500 $542,000 $465,000 $681,000 12
SWARTHMORE TWINS SOLD – MAY 2020 – 1 SALE
Avg Price Median Price Low High DOM*
$242,000 $242,000 $242,000 $242,000 147
SWARTHMORE – MAY 2019 VS MAY 2020
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2019 5 $393,800 $535,000 7 101.2% 101.2%
2020 5 $494,400 $681,000 39 96.0% 96.0%
0.0% 25.5% 457.1% -5.2% -5.2%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – April 2020

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There were 4 closed transactions during the month of April – 4 less than last year. The average sales prices tumbled 33.7% compared to last year coming in at $361,125.

No homes went under contract during the month which can be attributed to the restrictions placed upon real estate as a result of the coronavirus outbreak.

There are 5 settlements scheduled for May and 1 in June.

At the conclusion of the first four months of 2020 units and average selling price are lagging compared to last year for the same time fame. The average selling prices stands at $397,375 – a 5.7% decrease over last year – with 12 closed transactions – 7 homes short of last year’s total.

SWARTHMORE HOMES SOLD APRIL 2020
ADDRESS BED BATH TYPE PRICE SETTLED DOM*
100 Rutgers Avenue #12 2 1.0 CONDO $239,000 04/09/20 128
321 Haverford Place 3 2.0 SNG $405,000 04/16/20 5
311 Ogden Avenue 4 1.1 SNG $395,000 04/24/20 4
345 Cornell Avenue 3 1.0 SNG $405,500 04/30/20 5
AVERAGE $361,125 36

* DOM = Days On Market

No homes sold with a  Seller Assist

Financing Methods

Conventional Mortgage – 3 transactions

Cash – 1 transaction

SWARTHMORE SINGLE HOMES SOLD – APRIL 2020 – 3 SALES
Avg Price Median Price Low High DOM*
$401,833 $405,000 $395,000 $405,500 5
SWARTHMORE CONDOS SOLD – APRIL 2020 – 1 SALE
Avg Price Median Price Low High DOM*
$239,000 $239,000 $239,000 $239,000 5
SWARTHMORE -APRIL 2019 VS APRIL 2020
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2019 7 $544,922 $886,456 40 98.1% 100.1%
2020 4 $361,125 $405,500 36 103.3% 103.6%
-42.9% -33.7% -10.0% 5.2% 3.5%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – March 2020

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Swarthmore College

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

Swarthmore Real Estate – February 2020

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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

Swarthmore Real Estate – January 2020

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Singer Hall - Newest buiding on the Swarthmore College Campus - Swarthmore, PA

Singer Hall – Newest Building on the Swarthmore Campus

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

Swarthmore Real Estate – December 2019

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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

Swarthmore Real Estate – November 2019

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Colonial Wreath

There were only 3 Swarthmore homes sold in November compared to a 8 transactions last year. Sales consisted of 3 single homes and 1 Strath Haven condo, with the average selling price coming in at $371,633.

Through the end of November there have been 65 closed transactions in Swarthmore – 1 less then last year in the same time frame. The average selling price for the first 11 months of 2019 stands at $452,259 vs $382,173 last year.

84 Yale Avenue had the highest selling price in November at $675,000.

Five single family homes and 1 condo went under contract during November with an average asking price of $484,500 and were on the market an average of 69 days.

There are 8 settlements scheduled in December and 2 in January 2020.

SWARTHMORE HOMES SOLD NOVEMBER 2019
ADDRESS BED BATH TYPE PRICE SETTLED DOM*
84 Yale Avenue 5 4.2 SNG $675,000 11/15/2019 155
801 Yale Avenue #208 3 2.0 CONDO $154,900 11/22/2019 273
200 Bowdoin Avenue 3 1.1 SNG $285,000 11/26/2019 60
AVERAGE       $371,633   163

* DOM = Days On Market

All homes sold with a Seller Assist

– 84 Yale Avenue – $16,500

– 801 Yale Avenue #208 – $1,825

– 200 Bowdoin Avenue – $4,800

Financing Methods

Conventional Mortgage – 2 transactions

Cash – 1 transaction

SWARTHMORE SINGLES  SOLD – NOVEMBER 2019 – 2 SALES
Avg Price Median Price Low High DOM*
$480,000 $480,000 $285,000 $675,000 108
SWARTHMORE CONDOS SOLD – NOVEMBER 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$154,900 $154,900 $154,900 $154,900 273
 
SWARTHMORE – NOVEMBER 2018 VS NOVEMBER 2019
  SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 8 $372,800 $675,000 70 91.0% 96.2%
2019 3  $371,633  $675,000  69  82.6%  97.0%
  -63.0% -.0003%    -1.4% -8.4%   0.8%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – October 2019

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There were 5 closed transactions in Swarthmore during the month of October 2019 surpassing last October by 2 homes. The average selling price was $429,600, with 3 single homes, 1 twin, and 1 condo sold during the month.

Three single family homes and 2 Strath Haven condos went under contract during October with an average asking price of $327,840 after spending an average of 81 days on the market.

615 Parrish Road had the highest selling price of the month at $695,000.

Through the end of the first 10 months of the year there have been 62 closed transactions in Swarthmore compared with 58 through October of last year. The average selling price for the first 10 months of 2019 stands at $456,161, an increase of 19% compared to the same time period last year.

There are 7 future settlements scheduled – 2 in November 4 in December, and 1 in January 2020.

SWARTHMORE HOMES SOLD OCTOBER 2019
ADDRESS BED BATH TYPE PRICE SETTLED DOM*
209 Riverview Road 3 1.1 TWIN $395,000 10/03/2019 2
107 Rutgers Avenue #A3 1 1.0 CONDO $108,000 10/08/2019 11
15 Dartmouth Avenue 3 2.0 SNG $460,000 10/18/2019 1
615 Parrish Road 4 3.1 SNG $695,000 10/22/2019 2
555 Cornell Avenue 4 3.1 SNG $490,000 10/29/2019 38
AVERAGE $429,600 11

* DOM = Days On Market

3 homes sold with a Seller Assist:

– 107 Rutgers Avenue #A3 – $1,500

– 615 Parrish Road – $5,000

– 555 Cornell Avenue – $5,000

Financing Methods

Conventional Mortgage – 3 transactions

Cash – 2 transactions

SWARTHMORE SINGLES – OCTOBER 2019 – 3 SALES
Avg Price Median Price Low High DOM*
$548,333 $490,000 $460,000 $695,000 14
SWARTHMORE CONDOS – OCTOBER 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$108,000 $108,000 $108,000 $108,000 11
SWARTHMORE TWINS – OCTOBER 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$395,000 $395,000 $395,000 $395,000 2
SWARTHMORE – OCTOBER 2018 VS OCTOBER 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 3 $210,333 $460,000 22 93.7% 93.7%
2019 5 $429,600 $695,000 11 97.1% 98.6%
66.7% 104.2% -50.0% 3.4% 4.9%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – September 2019

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The average selling price in Swarthmore of the 7 homes sold during September 2019 soared 77.1% compared to last year, recording an average selling price of $474,428. The 7 sales consisted of 5 single family homes, 1 condo, and 1 twin.

Five single homes sold in September sold for an average of $565,000 and were on the market an average of just 15 days. Last September 3 single family homes sold for an average of $385,333 and averaged 40 Days On the Market.

202 Park Avenue had the highest selling price of the month at $880,000.

Four single family homes went under contract during – with an average asking price of $515,500 and averaging 26 days on the market.

Looking forward there are 3 settlements scheduled in October.

SWARTHMORE HOMES SOLD SEPTEMBER 2019
ADDRESS BED BATH TYPE PRICE SETTLED DOM*
405 Park Avenue 3 1.1 SNG $235,000 09/06/2019 14
235 Park Avenue 6 2.1 SNG $710,000 09/13/2019 33
801 Yale Avenue #817 2 2.0 CONDO $148,000 09/20/2019 9
209 Garrett Avenue 4 2.1 TWIN $348,000 09/27/2019 2
206 Benjamin West Ave 4 3.0 SNG $460,000 09/30/2019 5
204 Dickinson Avenue 4 2.0 SNG $540,000 09/30/2019 6
202 Park Avenue 5 3.1 SNG $880,000 09/30/2019 19
Average $474,428 13

* DOM = Days On Market

2 homes sold with a Seller Assist:

– 206 Benjamin West Avenue – $5,250

– 204 Dickinson Avenue – $4,700

Financing Methods

Conventional Mortgage – 3 transactions

Cash – 3 transactions

Other – 1 transaction

SWARTHMORE SINGLE HOMES – SEPTEMBER 2019 – 5 SALES
Avg Price Median Price Low High DOM*
$565,000 $540,000 $235,000 $880,000 15
SWARTHMORE TWINS – SEPTEMBER 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$348,000 $348,000 $348,000 $348,000 2
SWARTHMORE CONDOS – SEPTEMBER 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$148,000 $148,000 $148,000 $148,000
SWARTHMORE – SEPTEMBER 2018 VS SEPTEMBER 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 5 $277,300 $500,000 32 90.7% 97.5%
2019 7 $474,428 $880,000 13 94.4% 94.4%
40.0% 77.1% -59.3% 3.7% 3.1%

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – August 2019

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Signs Of The Season

There were 6 Swarthmore homes sold during August 1 more closed thansaction compared to last year. The average selling price was $599,833 – a 61.0% over last August. All 5 sales were single family homes.

The 6 single homes sold in August had an average selling price of $599,833 and were on the market an average of 78 days, contrasted with last August’s 4 single family homes sales that averaged $432,000 and 20 days on the market.

110 Guernsey had the highest selling price of the month at $925,00.

Four single family home went under contract during the month with an average asking price of $611,00 and spent an average of just 15 days on the market.

There are 6 settlements scheduled for September, and 1 in October.

SWARTHMORE HOMES SOLD AUGUST 2019
ADDRESS BED BATH TYPE PRICE SETTLED DOM*
212 S Chester Road 6 3.1 SNG $617,000 08/01/2019 108
516 Westmisnster Avenue 4 2.1 SNG $426,000 08/07/2019 34
115 Ogden Avenue 7 4.2 SNG $540,000 08/08/2019 189
120 Guernsey Road 5 3.0 SNG $660,000 08/16/2019 79
614 Yale Avenue 4 2.1 SNG $431,000 08/16/2019 16
110 Guernsey Road 4 3.1 SNG $925,000 08/20/2019 40
Average $599,833 78

* DOM = Days On Market

4 of the 6 Swarthmore homes sold in August had a Seller Assist:

– 212 S Chester Road – $1,220

– 516 Westminster Avenue – $5,000

– 120 Guernsey Road – $15,000

– 614 Yale Avenue – $3,000

Financing Methods

– Conventional Mortgage – 5 transactions

– Other Financing – 1 transaction

SWARTHMORE SINGLE HOMES – AUGUST 2019 – 6 SALES
Avg Price Median Price Low High DOM*
$599,833 $578,500 $426,000 $925,000 78
SWARTHMORE – AUGUST 2018 VS AUGUST 2019
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2018 5 $372,600 $589,000 43 93.6% 98.1%
2019 6 $599,833 $925,000 78 95.8% 100.8%
20.0% 61.0% 81.4% 2.2% 2.7%

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