There were eleven single family homes that sold in Radnor Township in January 2017. The final selling prices of these single family homes ranged from $331,000 to $1,325,000. There were less than 100 homes available for sale in January, which made January one of the lowest months for inventory of available homes for sale. This is compared to last May when there were over 170 homes in Radnor Township available for sale.
Worth noting is that eight out of the eleven homes that sold in January in Radnor Township were located in Wayne. Wayne continues to be one of the most sought after towns along the Main Line due to it’s vibrant downtown, walkable neighborhoods and top-ranking schools.Walk toWayne addresses have some of the highest property valuations along the Main Line.
Below is the list of all eleven homes that sold within Radnor Township in January 2017 from least expensive to most expensive. All of these properties were listed and sold by various real estate companies along the Main Line.
There are historically less homes that sell in January compared to the summer months and this January was no different. If we look back over the past twelve months, we see that in July of 2016, the highest month of sales, there were over 45 single family homes that sold.
The spring market has certainly started and the market seems to be buzzing with buyers. In some price ranges, there is a sense that buyers want to purchase sooner than later due to the fear of rising interest rates. If you’re looking to purchase a property, you’ll want be pre-qualified with a lender and working with a team, like us, that can alert you to good properties when they hit the market. You’ll also want to be prepared to make an offer quickly due to the fact that well-priced properties in desirable neighborhoods tend to sell fast.
If you’re thinking about selling your home, you may want to put your home on the market sooner than later due to the shortage of available inventory and the fact that the market is busy with buyers. We have been seeing more and more homes hit the market every day, which is great for buyers but makes the market more competitive among sellers.
Radnor continues to be one of the most sought after townships in suburban Philadelphia. If you’re looking to buy or sell a home within Radnor, our team is ready to help. You can learn more about our team here.
Want more detailed information specific to your home and neighborhood? Sign up for our free Market Snapshot, which is a real time market snapshot of your home and neighborhood. You can choose to receive this report by email monthly or bi-weekly, which you can preview below. Regardless of whether you’re looking to sell, it’s always a good idea to stay on top of real estate values in your neighborhood. If you’re interested in getting a more detailed property evaluation, our team is happy to come to your home and provide a a more detailed CMA.
This information included in this post was pulled from the Trend, the Multiple Listing Service in our area and information that we received from Suburban West Realtors Association. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation or other purposes.