Swarthmore Quarterly Review

Swarthmore Real Estate – 2nd Quarter 2021 Review

July 7, 2021 by admin

The 29 closed transactions of 2021’s 2nd quarter produced a very impressive set of numbers. Sales were up 81.2% over a pandemic depressed 2020 market, the average sales price posted a 18.5% gain year over year, rising to $564,660, and sellers were in the driver’s seat with listings averaging a 103.5% ratio of selling price to list price.

Over asking price was the scenario for 20 of 29 sellers during the quarter with multiple homes going for over $100,000 above asking price.

A total of $16,375,148 of real estate transferred ownership during the quarter – over double the amout of last year.

April had 11 sales, May had 6 sales, and June recorded 12 sales.

At $1,275,000, 525 Walnut Lane had the highest selling price for the quarter.

**SWARTHMORE – 2ND QUARTER 2020 VS 2ND QUARTER 2021**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2020	16	$476,484	47	97.8%	98.4%
2021	29	$564,660	16	102.5%	103.5%
	81.2%	18.5%	-66.0%	4.7%	5.1%

2ND QUARTER 2021 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	2
$100,000 To $200,000	4
$200,000 To $300,000	2
$300,000 To $400,000	2
$400,000 To $500,000	2
$500,000 To $600,000	4
$600,000 To $700,000	2
$700,000 To $800,000	5
$800,000 To $900,000	2
> $1,000,000	4
TOTAL	29

**Single Family Homes Sold – 2nd Quarter 2021 – 19 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$760,192	$730,000	$313,500	$1,275,000	8

**Condominiums Sold – 2nd Quarter 2021 – 8 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$150,500	$130,500	$95,000	$245,000	35

**Twin Homes Sold – 2nd Quarter 2021 – 2 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$363,750	$363,750	$322,500	$405,000	9

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 1st Quarter 2021 Review

April 6, 2021 by admin

During the 1st quarter of 2021 a total of 11 homes sold in Swarthmore, 2 more than than last year’s first quarter. The average sales price was $416,718, a 6.9% decrease compared to last year when it stood at $447,667.

A total of $4,583,900 of real estate transferred ownership during the quarter.

Days On Market increased by 9 days compared to last year with the average time to contract being 42 days.

January had 3 sales, February 2 sales, and March recorded 6 sales.

At $925,000, 215 College Avenue had the highest selling price for the quarter.

**SWARTHMORE – 1ST QUARTER 2020 VS 1ST QUARTER 2021**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2020	9	$447,667	33	98.4%	99.5%
2021	11	$416,718	42	97.0%	99.2%
	22.2%	-6.9%	27.2%	-1.4%	-0.3%

1ST QUARTER 2021 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$100,000 To $200,000	2
$200,000 To $300,000	3
$300,000 To $400,000	3
$600,000 To $700,000	1
$700,000 To $800,000	1
$900,000 To $1,000,000	1
TOTAL	11

**Single Family Homes Sold – 1st Quarter 2021 – 7 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$540,129	$399,900	$290,000	$925,000	35

**Condominiums Sold – 1st Quarter 2021 – 3 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$175,167	$121,000	$114,500	$290,000	73

**Twin Homes Sold – 1st Quarter 2021 – 1 Listing**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$277,500	$277,500	$277,500	$277,500	5

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 4th Quarter 2020 Review

January 16, 2021 by admin

During the 4th quarter of 2020 a total of 19 homes sold Swarthmore, 1 more than last year’s 4th quarter. The average sales price was $353,982 – a 13.2% dip compared to last year when it stood at $400,800. The average sales price dip can largely be contributed to an increase in condominium sales – 36% of sales during the quarter vs accounting for 22% of sales in the 4th quarter of 2019.

A total of $6,725,660 of real estate transferred ownership during the quarter.

October was a very active month with 13 sales, November had 5 sales, and December had a lone 1 sale.

At $975,000, 109 S Princeton Avenue had the highest selling price for the quarter.

The year 2020 concludes with 66 closed transactions – 10 less than last year. At $412,533 the average sales price decreased 6.6% from last year when it stood at $441,820. Condominium sales made up a larger percentage of sales this year – 30.3% versus 25% last year.

4TH QUARTER 2020 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	2
$100,000 To $200,000	5
$300,000 To $400,000	3
$400,000 To $500,000	4
$500,000 To $600,000	3
$600,000 To $700,000	1
$900,000 TO $1,000,000	1
TOTAL	19

**Single Family Homes Sold – 4th Quarter 2020 – 11 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$500,960	$440,000	$330,000	$975,000	17

**Condominiums Sold – 4th Quarter 2020 – 7 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$112,871	$115,000	$78,000	$143,500	48

**Twin Homes Sold – 4th Quarter 2020 – 1 Listing**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$425,000	$425,000	$425,000	$425,000	33

**SWARTHMORE – 4TH QUARTER 2019 VS 4TH QUARTER 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	18	$400,800	55	91.2%	95.4%
2020	19	$353,982	29	95.3%	96.6%
	5.6%	-13.2%	-47.2%	4.1%	1.2%

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 3rd Quarter 2020 Review

October 12, 2020 by admin

During the 3rd quarter of 2020 a total of 22 homes sold in Swarthmore, 2 less than the 24 sales recorded during last year’s 3rd quarter. The average sales price was $402,218 a 18.9% dip compared to last year when it stood at $496,021.

A total of $8,848,800 of real estate transferred ownership during the quarter.

July had 5 sales, August had 12 sales, and September recorded 5 sales.

At $937,500, 150 Guernsey Road had the highest selling price for the quarter.

**SWARTHMORE – 3RD QUARTER 2019 VS 3RD QUARTER 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	24	$496,021	26	96.7%	98.1%
2020	22	$402,218	17	99.2%	99.8%
	-8.3%	-18.9%	-34.6%	2.5%	1.7%

3RD QUARTER 2020 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	2
$100,000 To $200,000	5
$200,000 To $300,000	2
$300,000 To $400,000	3
$400,000 To $500,000	1
$500,000 To $600,000	4
$600,000 To $700,000	2
$700,000 To $800,000	1
$800,000 To $900,000	1
$900,000 TO $1,000,000	1
TOTAL	22

Single Family Homes Sold – 3rd Quarter 2020 – 13 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$561,565	$545,000	$190,500	$937,500	6

Condominiums Sold – 3rd Quarter 2020 – 8 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$145,431	$131,000	$85,450	$235,000	34

Twin Homes Sold – 3rd Quarter 2020 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$385,000	$385,000	$385,000	$385,000	12

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 2nd Quarter 2020 Review

July 6, 2020 by admin

During the 2nd quarter of 2020 a total of 16 homes sold in Swarthmore, 5 less than the 21 sales recorded during last year’s 2nd quarter. The average sales price was $476,484 a slight 1.5% dip compared to last year when it stood at $483,897.

A total of $7,623,750 of real estate transferred ownership during the quarter.

April had 5 sales, May had 6 sales, and June recorded 5 sales.

At $1,215,000, 40 Wellesley Road had the highest selling price for the quarter.

**SWARTHMORE – 2ND QUARTER 2019 VS 2ND QUARTER 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	21	$483,807	27	98.7%	100.0%
2020	16	$476,484	47	97.8%	98.4%
	-23.8%	-1.5%	74.1%	-0.9%	-1.6%

2ND QUARTER 2020 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$100,000 To $200,000	1
$200,000 To $300,000	3
$300,000 To $400,000	1
$400,000 To $500,000	6
$500,000 To $600,000	2
$600,000 To $700,000	1
$700,000 To $800,000	1
> $1,000,000	1
TOTAL	16

Single Family Homes Sold – 2nd Quarter 2020 – 12 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$551,958	$480,000	$298,000	$1,215,000	36

Condominiums Sold – 2nd Quarter 2020 – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$171,625	$124,000	$104,250	$239,000	91

Twin Homes Sold – 2nd Quarter 2020 – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$328,500	$328,500	$242,000	$415,000	75

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

Swarthmore Real Estate – 1st Quarter 2020 Review

April 8, 2020 by admin

During the 1st quarter of 2020 a total of 8 homes sold in Swarthmore, 5 less than the 13 sales recorded during last year’s first quarter. The average sales price was $415,500 a 25.6% increase compared to last year when it stood at $330,731.

A total of $3,324,000 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 37 days.

January had 5 sales, February 2 sales, and March recorded 1 sale.

At $850,000, 237 Dickinson Avenue had the highest selling price for the quarter.

**SWARTHMORE – 1ST QUARTER 2019 VS 1ST QUARTER 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	13	$330,731	38	95.1%	96.7%
2020	8	$415,500	37	98.9%	100.2%
	-38.4%	25.6%	-2.6%	3.8%	3.5%

1 ST QUARTER 2020 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000
$100,000 To $200,000	3
$200,000 To $300,000	1
$300,000 To $400,000	1
$600,000 To $700,000	1
$800,000 To $900,000	1
TOTAL	8

Single Family Homes Sold – 1st Quarter 2020 – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$650,625	$683,750	$385,000	$850,000	24

Condominiums Sold – 1st Quarter 2020 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$143,833	$124,000	$120,000	$187,500	18

Twin Homes Sold – 1st Quarter 2020 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$290,000	$290,000	$290,000	$290,000	148

*DOM = Days On Market

Swarthmore Real Estate – Swarthmore, PA 19081

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%	-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

2019 YEAR END SUMMARY

S. Clark Kendus