Swarthmore Quarterly Review

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

Swarthmore Real Estate – 2nd Quarter 2017 Review

July 8, 2017 by admin

The 2nd quarter of 2017 in Swarthmore saw a total of 29 homes sold which is 2 more than the April through June time period of last year. The average sales price fell 12.1% to $371,351 from last year when it stood at $422,583. A surge of condo sales, with 10 sold during the quarter, was a contributing factor to a lower average selling price.

A total of $10,769,175 of real estate changed hands during the quarter.

On average it took a significantly longer time to sell during April through June than it did last year – with 57 Days On Market representing a 58.3% increase over last year.

April posted 5 sales, May 13 sales, and June recorded 11 sales. The highest priced home sold was 9 Ogden Avenue that sold in June for $1,010,000.

At the mid point of 2017 market results show a decrease in sales from 41 last year to 38 this year and the average price decreasing 3.8% to an average of $372,869.

**SWARTHMORE – 2ND QUARTER 2016 VS 2ND QUARTER 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST
2016	27	$422,583	36	100.5%	102.3%
2017	29	$371,351	57	98.2%	99.3%
	7.4%	-12.1%	58.3%	-2.3%	-3.0%

2ND QUARTER 2017 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	9
$200,000 To $300,000	2
$300,000 To $400,000	6
$400,000 To $500,000	3
$500,000 To $600,000	3
$600,000 To $700,000	2
$700,000 To $800,000	1
$800,000 To $900,000	1
> $1,000,000	1
TOTAL	29

Single Family Homes Sold – 2nd Quarter 2017 – 18 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$500,988	$462,000	$150,000	$1,010,000	50

Condominiums Sold – 2nd Quarter 2017 – 10 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$139,360	$130,500	$99,900	$275,000	75

Townhouses Sold – 2nd Quarter 2017 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$355,000	$355,000	$355,000	$355,000	22

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 1st Quarter 2017 Review

April 7, 2017 by admin

The 1st quarter of 2016 in Swarthmore saw a total of 9 homes sold which falls 5 homes short of the first three months of last year. The average sales price registered an 18.2% increase to $377,759 over last year where it stood at $319,664.

A total of $3,399,833 of real estate changed hands during the quarter.

Days On Market decreased just over 17% to 85 compared to 103 during the first 3 months of last year.

January had 2 sales, February 4 sales, and March recorded 3 sales.

At $547,000 514 Yale Avenue had the highest selling price for the quarter.

**SWARTHMORE – 1ST QUARTER 2016 VS 1ST QUARTER 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	14	$319,664	103	92.1%	96.1%
2017	9	$377,759	85	90.3%	94.5%
	-35.7%	18.2%	-17.5%	-1.8%	-1.6%

1 ST QUARTER 2017 – SALES BY PRICE RANGE

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

Single Family Homes Sold – 1st Quarter 2017 – 8 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$399,979	$387,500	$285,000	$547,000	82

Condominiums Sold – 1st Quarter 2017 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	109

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 4th Quarter 2016 Review

January 6, 2017 by admin

The 4th quarter 2015 in Swarthmore closed with 11 transactions vs 16 last year. The average selling price was $452,175 for the quarter, a robust 41.6% increase in average selling price over the 4th quarter 2015, due to the majority of the sales being single family homes and with only 1 Strath Haven condo selling. A total of $4,973,927 of real estate changed hands during the quarter, down from $5,109,800 last year.

The average selling price of the 9 single family homes for the quarter was $502,407 vs $478,438 last year.

October recorded 1 sale, November 3 sales, and December recorded 7 sales.

The highest priced home sold was 200 S Chester Road that sold in December for $699,927.

As the year closed Swarthmore’s sales for 2016 recorded large gains in both average selling price and homes sold. The average selling price for the year rose 7.5% to $401,617 compared to last year’s $373,434, and the number of homes sold increased by 14 units from 61 in 2015 to 75 in 2016. Those sales accounted for $30,121,279 in dollar volume for the year.

**SWARTHMORE – 4TH QUARTER 2015 VS 4TH QUARTER 2016**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	16	$319,363	116	91.6%	96.1%
2016	11	$452,175	87	94.3%	97.3%
	-31.3%	41.6%	-25.0%	2.7%	1.2%

4TH QUARTER 2016 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$100,000 To $200,000	1
$300,000 To $400,000	3
$400,000 To $500,000	2
$500,000 To $600,000	3
$600,000 To $700,000	2
TOTAL	11

Single Family Homes Sold – 4th Quarter 2016 – 9 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$502,407	$525,500	$325,000	$699,927	83

Condominiums Sold – 4th Quarter 2016 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$118,000	$118,000	$118,000	$118,000	179

Twins Sold – 4th Quarter 2016 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$337,500	$337,500	$337,500	$337,500	35

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 3rd Quarter 2016 Review

October 4, 2016 by admin

Sales volume in the 3rd quarter 2016 in Swarthmore increased by 4 homes over last year with 22 closed transactions . The average selling price of $405,786 for the quarter was less than 1% higher than last year’s average, increasing just $2,597. A total of $8,927,300 of real estate changed hands during the quarter.

The average selling price for the 15 single family homes sold during the quarter was $517,762 vs $452,260 last year.

A shortage of inventory cut the average Days On Market to 46, which is 48% less than last year. Sellers benefited from this shortage realizing 94.5% of their original asking price and 97.2% of their last asking price – both strong numbers indicating a seller’s market and posting increases from the same time period last year.

July saw 10 sales, August 6 sales, and September also recorded 6 sales. The highest priced home sold was 10 Ogden Avenue that sold in July for $1,050,000.

At the 3/4 mark of 2016 sales are ahead of last year’s pace by 11 homes with 45 homes sold during the first three quarters of the 2016 – the average selling price has seen a slight increase from $469,903 to $472,326.

**SWARTHMORE – 3RD QUARTER 2015 VS 3RD QUARTER 2016**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	18	$403,189	90	87.3%	95.6%
2016	22	$405,786	46	94.5%	97.2%
	22.2%	.006%	-48.9%	7.2%	1.6%

3RD QUARTER 2016 – SALES BY PRICE RANGE

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

Single Family Homes Sold – 3rd Quarter 2016 – 13 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$517,762	$519,000	$150,000	$1,050,000	55

Twins Sold – 3rd Quarter 2016- 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$356,080	$385,000	$239,900	$442,500	26

Condominiums Sold – 3rd Quarter 2016 – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$104,000	$112,500	$70,000	$121,000	44

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 1st Quarter 2016 Review

April 7, 2016 by admin

The 1st quarter of 2016 in Swarthmore saw a total of 14 homes sold which surpasses the first three months of last year by 2 homes. The average sales price registered a 26.3% drop to $319,664 from last year where it stood at $443,700. A total of $4,475,301 of real estate changed hands during the quarter.

On average it took a longer time to sell during this 1st quarter than it did last year – at 103 days the average Days On Market increased by over 50%.

January had 2 sales, February 5 sales, and March recorded 7 sales. At $560,000 739 Yale Avenue had the highest selling price for the quarter.

**SWARTHMORE – 1ST QUARTER 2015 VS 1ST QUARTER 2016**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	12	$433,700	67	94.1%	97.5%
2016	14	$319,664	103	92.1%	96.1%
	16.7%	-26.3%	53.7%	-2.0%	-1.4%

1 ST QUARTER 2016 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$0 To $100,000	1
$100,000 To $200,000	3
$200,000 To $300,000	1
$300,000 To $400,000	5
$400,000 To $500,000	1
$500,000 To $600,000	3
TOTAL	14

Single Family Homes Sold – 1st Quarter 2016 – 11 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$374,318	$326,000	$195,000	$560,000	99

Condominiums Sold – 1st Quarter 2016 – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$103,900	$103,900	$82,900	$124,900	175

Twins Homes Sold – 1st Quarter 2016 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$150,000	$150,000	$150,000	$150,000	5

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 4th Quarter 2015 Review

January 8, 2016 by admin

Sales volume in the 4th quarter 2015 in Swarthmore rose to 16 closed transactions vs 14 last year. The average selling price was $319,363 for the quarter. The percentage drop, 36.8%, in the year over year comparison is quite dramatic but mainly due to the sale of a $2 million property last year and 6 Strath Haven condos this quarter. A total of $5,109,800 of real estate changed hands during the quarter, down from $7,068,400 last year.

The average selling price of the 8 single family homes for the quarter was $478,438 vs $590,545 last year.

October recorded 2 sales, November 6 sales, and December recorded 8 sales. The highest priced home sold was at 525 Walnut Lane that sold in December for $850,000.

As the year closed Swarthmore’s 2015 sales fell short of last year by 9 homes with 62 homes sold and the average selling price decreasing 4.7% from an average of $395,462 last year to $376,685 this year.

**SWARTHMORE – 4TH QUARTER 2014 VS 4TH QUARTER 2015**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2014	14	$504,886	94	94.7%	98.0%
2015	16	$319,363	106	91.6%	96.1%
	14.3%	-4.5%%	8.5%	-3.1%	-1.9%

4TH QUARTER 2015 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$0 To $100,000	1
$100,000 To $200,000	6
$200,000 To $300,000	1
$300,000 To $400,000	4
$400,000 To $500,000	2
$700,000 To $800,000	1
$800,000 To $900,000	1
TOTAL	16

Single Family Homes Sold – 4th Quarter 2015 – 8 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$478,438	$393,000	$335,000	$850,000	37

Condominiums Sold – 4th Quarter 2015 – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$136,400	$119,000	$82,500	$199,500	195

Twins Sold – 4th Quarter 2015 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$289,900	$289,900	$289,900	$289,900	91

Townhomes Sold – 4th Quarter 2015 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,000	$174,000	$174,000	$174,000	211

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

S. Clark Kendus