Swarthmore Quarterly Review

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

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

S. Clark Kendus