Swarthmore Quarterly Review

Swarthmore Real Estate – 4th Quarter 2019 Review

January 18, 2020 by admin

The 4th quarter 2019 in Swarthmore closes with 18 transactions vs 20 last year. The average selling price was $400,800 for the quarter, a 4.9% increase compared to the 4th quarter of 2018. A total of $7,214,400 of real estate changed hands during the quarter.

The average selling price of the 13 single family homes for the quarter was $487,423 vs $540,854 last year.

October recorded 5 sales, November 3 sales, and December posted 10 sales.

The highest priced home sold was 216 S Chester Road that sold in December for $795,000.

2019 YEAR END SUMMARY

The year 2019 closes with 75 sales in Swarthmore matching last year’s sales total and resulting in an average selling price of $444,645 which is a 14.0% increase over 2018’s average of $389,999.

The core category of detached single family homes recorded 55 sales versus 53 sales in 2018. The average sales price increased from $486,762 to $538,175 in 2019 – a 10.6% increase.

Total dollar sales volume in 2019 came in at $33,348,356 which is a 14.0% increase over 2018.

**SWARTHMORE – 4TH QUARTER 2018 VS 4TH QUARTER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	20	$381,993	59	91.9%	95.5%
2019	18	$400,800	55	91.2%	95.4%
	-10.0%	4.9%	-6.8%	-0.7%	-0.l%

*DOM = Days On Market

4TH QUARTER 2019 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	3
$200,000 To $300,000	2
$300,000 To $400,000	2
$400,000 To $500,000	6
$500,000 To $600,000	1
$600,000 To $700,000	2
$700,000 To $800,000	1
TOTAL	18

Single Family Homes Sold – 4th Quarter 2019 – 13 Sales
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$487,423	$475,000	$280,000	$795,000	51

Condominiums Sold – 4th Quarter 2019 – 4 Sales
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$120,725	$126,500	$75,000	$154,900	82

Twins Sold – 4th Quarter 2019 – 1 Sale
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$395,000	$395,00	$395,00	$395,000	2

*DOM = Days On Market

Wallingford Real Estate – Wallingford, PA 190896

Swarthmore Real Estate – 3rd Quarter 2019 Review

October 16, 2019 by admin

Sales volume for the 3rd quarter 2019 in Swarthmore increased by 1 home over last year with 23 closed transactions. The average selling price of $507,587 for the quarter was 36.2% higher than last year’s average. A total of $11,674,500 of real estate changed hands during the quarter.

The average selling price for the 18 single family homes sold during the quarter was $562,639 vs $447,653 last year.

July recorded 9 sales, August 7 sales, and September had 7 sales. The highest priced home sold was 110 Guernsey Avenue that sold in August for $925,000.

At the 3/4 mark of 2019 sales are ahead of last year’s pace by 2 homes with 57 homes sold during the first three quarters of 2019 – the average selling price has increased $65,580 – a 16.7% increase – from $392,910 to $458,490.

**SWARTHMORE – 3RD QUARTER 2018 VS 3RD QUARTER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	22	$372,664	61	94.6%	98.2%
2019	23	$507,587	27	96.5%	98.0%
	4.5%	36.2%	-55.7%	1.9%	-0.2%

*DOM = Days On Market

3RD QUARTER 2019 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	1
$200,000 To $300,000	1
$300,000 To $400,000	2
$400,000 To $500,000	7
$500,000 To $600,000	4
$600,000 To $700,000	3
$700,000 To $800,000	1
$800,000 To $900,000	2
> $900,000	1
TOTAL	23

Single Family Homes Sold – 3rd Quarter 2019 – 18 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$562,639	$532,500	$235,000	$925,000	32

Twins Sold – 3rd Quarter 2019 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$435,333	$433,000	$348,000	$525,000	6

Condo Sold – 3rd Quarter 2019 – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$120,500	$120,500	$93,000	$148,000	22

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 2nd Quarter 2019 Review

July 18, 2019 by admin

The 2nd quarter of 2019 in Swarthmore recorded a total of 21 homes sold – matching the performance of the April through June time period of last year. The average sales price increased $46,602 amounting to a 10.7% increase over last year’s $437,205.

A total of $10,159,956 of real estate changed hands during the quarter.

On average it took a 4 days less to sell during April through June than it did last year – 40 days this year versus 46 days last year.

April posted 7 sales, May 5 sales, and June recorded 9 sales.

The highest priced home sold was 405 Thayer Road that sold in April for $886,456.

At the mid point of 2019 sales volume stands at 34 homes compared to 33 homes during the first 6 months of 2018. The average selling price has risen by 4.6% over last year’s average price of $406,408 to $425,278.

**SWARTHMORE – 2ND QUARTER 2018 VS 2ND QUARTER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST
2018	21	$437,205	46	94.9%	96.9%
2019	21	$483,807	40	98.7%	100.0%
		10.7%	-13.0%	3.8%	3.1%

2ND QUARTER 2019 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	2
$100,000 To $200,000	1
$300,000 To $400,000	2
$400,000 To $500,000	6
$500,000 To $600,000	5
$600,000 To $700,000	2
$800,000 To $900,000	3
TOTAL	21

Single Family Homes Sold – 2nd Quarter 2019 – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$562,821	$525,000	$339,000	$886,456	31

Condominiums Sold – 2nd Quarter 2018 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$91,600	$93,500	$66,300	$115,000	93

Twins Sold – 2nd Quarter 2019 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$317,200	$317,200	$317,200	$317,200	29

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 1st Quarter 2019 Review

April 15, 2019 by admin

During the 1st quarter of 2019 in Swarthmore a total of 13 homes sold, one more than last year’s first quarter. The average sales price was $330,731 a 6.2% decrease compared to last year where it stood at $352,513.

A total of $4,299,500 of real estate transferred ownership during the quarter.

Days On Market decreased by one day compared to last year with the average time to contract being 46 days.

January had 2 sales, February 7 sales, and March recorded 4 sales.

At $1,075,000, 737 Harvard Avenue had the highest selling price for the quarter.

**SWARTHMORE – 1ST QUARTER 2018 VS 1ST QUARTER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	12	$352,513	46	95.3%	97.5%
2019	13	$330,731	45	95.1%	96.7%
	8.3.3%	-6.2%	-2.2%	-0.2%	-0.8%

1 ST QUARTER 2019 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	2
$100,000 To $200,000	3
$200,000 To $300,000	3
$400,000 To $500,000	2
$500,000 To $600,000	2
> $600,000	1
TOTAL	13

Single Family Homes Sold – 1st Quarter 2019 – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$509,567	$470,000	$279,000	$1,075,000	48

Condominiums Sold – 1st Quarter 2019 – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$104,980	$105,000	$79,900	$134,900	43

Twin Homes Sold – 1st Quarter 2019 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$207,000	$207,000	$207,000	$207,000	38

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore – 4th Quarter 2018 Review

January 17, 2019 by admin

The 4th quarter 2018 in Swarthmore closes with 20 transactions vs 9 last year. The average selling price was $381,993 for the quarter, a 12.8% increase compared to the 4th quarter of 2017. A total of $7,639,850 of real estate changed hands during the quarter.

The average selling price of the 12 single family homes for the quarter was $540,854 vs $454,000 last year.

October recorded 3 sales, November 8 sales, and December posted 9 sales.

The highest priced home sold was 438 Riverview Road that sold in December for $1,070,000.

The year 2018 closes with 75 sales in Swarthmore resulting in an average selling price of $389,999. This represents an increase of 3 sales compared to last year and a 2.3% increase in the average selling price for the year. Total dollar sales volume in 2018 came in at $29,249,900 which is 6.5% increase over 2017.

**SWARTHMORE – 4TH QUARTER 2017 VS 4TH QUARTER 2018**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2017	9	$338,500	79	86.5%	93.2%
2018	20	$381,993	66	91.9%	95.5%
	122.2%	12.8%	-1.6%	5.4%	2.3%

4TH QUARTER 2018 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	3
$100,000 To $200,000	4
$200,000 To $300,000	2
$300,000 To $400,000	4
$400,000 To $500,000	2
$600,000 To $700,000	3
$800,000 To $900,000	1
> $1,000,000	1
TOTAL	20

Single Family Homes Sold – 4th Quarter 2018 – 12 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$540,854	$467,500	$255,000	$1,070,000	68

Condominiums Sold – 4th Quarter 2018 – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,514	$122,500	$83,500	$199,100	56

Twins Sold – 4th Quarter 2018 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$250,000	$250,000	$250,000	$250,000	114

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 3rd Quarter 2018 Review

October 8, 2018 by admin

Sales volume in the 3rd quarter 2018 in Swarthmore decreased by 2 homes over last year with 22 closed transactions. The average selling price of $372,664 for the quarter was 9.1% lower than last year’s average. A total of $8,198,600 of real estate changed hands during the quarter.

The average selling price for the 17 single family homes sold during the quarter was $447,653 vs $514,647 last year.

July recorded 12 sales, August 5 sales, and September had 5 sales. The highest priced home sold was 922 Strath Haven Avenue that sold in July for $785000.

At the 3/4 mark of 2018 sales are behind last year’s pace by 8 homes with 55 homes sold during the first three quarters of 2018 – the average selling price has increased 1.4% from $387,491 to $392,910.

**SWARTHMORE – 3RD QUARTER 2017 VS 3RD QUARTER 2018**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2017	24	$410,123	44	95.9%	98.4%
2018	22	$372,664	61	94.6%	98.2%
	-8.3%	-9.1%	38.6%	-1.3%	-0.2%

3RD QUARTER 2018 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	4
$200,000 To $300,000	3
$300,000 To $400,000	4
$400,000 To $500,000	4
$500,000 To $600,000	3
$600,000 To $700,000	1
$700,000 To $800,000	2
TOTAL	22

Single Family Homes Sold – 3rd Quarter 2018 – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$447,653	$430,000	$220,000	$785,000	61

Condos Sold – 3rd Quarter 2018 – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$117,700	$125,500	$91,500	$135,000	59

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 2nd Quarter Review

July 8, 2018 by admin

The 2nd quarter of 2018 in Swarthmore recorded a total of 21 homes sold – 9 less than the April through June time period of last year. Countering the decrease in volume the average sales price increased $64,899 amounting to a 17.4% increase over last year’s $372,306. Last year a surge of condo sales, with 10 sold during the 2nd quarter put downward pressure on the average price. This year saw only 2 condo sales during the quarter.

A total of $9,181,300 of real estate changed hands.

On average it took a longer time to sell during April through June than it did last year – 75 days this year versus 56 days last year.

April posted 4 sales, May 7 sales, and June recorded 10 sales. The highest priced home sold was 427 Riverview Road that sold in June for $1,025,000.

At the mid point of 2018 sales volume stands at 33 homes compared to 39 homes during the first 6 months of 2017. The average selling price has risen $32,844 which is a 8.8% increase.

**SWARTHMORE – 2ND QUARTER 2017 VS 2ND QUARTER 2018**
	SALES	AVERAGE	DOM*	% ORIG LIST
2017	30	$372,306	56	98.1%	99.2%
2018	21	$437,205	75	94.9%	96.9%
	-30.0%	17.4%	34.0%	3.2%	2.3%

2ND QUARTER 2018 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	2
$300,000 To $400,000	7
$400,000 To $500,000	7
$500,000 To $600,000	1
$700,000 To $800,000	1
$800,000 To $900,000	1
> $1,000,000	1
TOTAL	21

Single Family Homes Sold – 2nd Quarter 2018 – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$497,876	$436,000	$320,000	$1,025,000	81

Condominiums Sold – 2nd Quarter 2018 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$110,167	$106,000	$96,500	$128,000	56

Townhouses Sold – 2nd Quarter 2018 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$386,900	$386,900	$386,900	$386,900	16

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 1st Quarter 2018 Review

April 8, 2018 by admin

The 1st quarter of 2018 in Swarthmore saw a total of 12 homes sold, three homes more than last year’s first quarter. The average sales price was $3562,513 an 6.7% decrease compared to last year where it stood at $377,759.

A total of $4,230,150 of real estate changed hands during the quarter.

Days On Market decreased substantially by 43% to 47 compared to 83 during the first 3 months of last year.

January had 4 sales, February 5 sales, and March recorded 3 sales.

At $587,500 320 Haverford Avenue had the highest selling price for the quarter.

**SWARTHMORE – 1ST QUARTER 2017 VS 1ST QUARTER 2018**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2017	9	$377,759	83	90.3%	94.5%
2018	12	$352,513	47	95.3%	97.5%
	33.3%	-6.7%	-43.4%	5.0%	3.0%

1 ST QUARTER 2018 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$100,000 To $200,000	3
$200,000 To $300,000	1
$300,000 To $400,000	3
$400,000 To $500,000	1
$500,000 To $600,000	4
TOTAL	12

Single Family Homes Sold – 1st Quarter 2018 – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$462,021	$510,000	$315,000	$587,500	29

Condominiums Sold – 1st Quarter 2018- 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$151,250	$110,000	$100,000	$285,000	71

Twin Homes Sold – 1st Quarter 2018- 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$391,000	$391,000	$391,000	$391,000	80

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 4th Quarter 2017 Review

January 8, 2018 by admin

The 4th quarter 2017 in Swarthmore closed with 9 transactions vs 11 last year. This is the second consecutive 4th quarter that has posted a decline in closed transactions. The average selling price was $338,500 for the quarter, a 25.1% decrease in the average selling price compared to the 4th quarter of 2016. A total of $3,046,500 of real estate changed hands during the quarter.

The average selling price of the 6 single family homes for the quarter was $454,000 vs $502,407 last year.

October recorded 3 sales, November 2 sales, and December posted 4 sales.

The highest priced home sold was 144 Park Avenue that sold in December for $625,000.

The year 2017 closes with 72 sales in Swarthmore resulting in an average selling price of $381,367. This represents a decrease of 3 sales compared to last year and 5.0% drop in the average selling price to $381,367 for the year. Rebounding condo sales made up 28% of the transactions in 2017 vs 16% in 2016 which is a primary contributing factor for the price decline. Total dollar sales volume in 2017 came in at $27,458,438 which is 8.8% less than last year.

**SWARTHMORE – 4TH QUARTER 2016 VS 4TH QUARTER 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	11	$452,175	82	94.3%	96.5%
2017	9	$338,500	79	86.5%	93.2%
	-18.2%	-25.1%	-3.7%	-7.8%	-3.3%

4TH QUARTER 2017 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	2
$100,000 To $200,000	1
$300,000 To $400,000	3
$400,000 To $500,000	1
$500,000 To $600,000	1
$600,000 To $700,000	1
TOTAL	9

Single Family Homes Sold – 4th Quarter 2017 – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$454,000	$412,000	$345,000	$625,000	102

*DOM = Days On Market

Condominiums Sold – 4th Quarter 2017 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$107,500	$95,000	$90,000	$137,500	33

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 3rd Quarter 2017 Review

October 9, 2017 by admin

Sales volume in the 3rd quarter 2017 in Swarthmore increased by 1 home over last year with 24 closed transactions. The average selling price of $410,123 for the quarter was 1.8% higher than last year’s average. A total of $7,065,900 of real estate changed hands during the quarter.

The average selling price for the 17 single family homes sold during the quarter was $514,647 vs $504,707 last year.

July recorded 8 sales, August 9 sales, and September had 7 sales. The highest priced home sold was 9 Guernsey Road that sold in July for $810,000.

At the 3/4 mark of 2016 sales are behind last year’s pace by 1 homes with 44 homes sold during the first three quarters of 2017 – the average selling price has increased 2.8% from $472,326 to $485,615.

**SWARTHMORE – 3RD QUARTER 2016 VS 3RD QUARTER 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	23	$402,709	56	94.1%	97.2%
2017	24	$410,123	44	95.9%	98.4%
	4.3%	1.8%	-21.4%	1.8%	1.6%

3RD QUARTER 2017 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	4
$200,000 To $300,000	3
$300,000 To $400,000	4
$400,000 To $500,000	7
$700,000 To $800,000	4
$800,000 To $900,000	1
TOTAL	24

Single Family Homes Sold – 3rd Quarter 2017 – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$514,674	$445,000	$280,000	$810,000	58

Condos Sold – 3rd Quarter 2017- 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$124,417	$118,000	$87,500	$225,000	10

Twins Sold – 3rd Quarter 2017 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$287,000	$287,000	$287,000	$287,000	26

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

2019 YEAR END SUMMARY

S. Clark Kendus