Bryn Mawr Home Sale Prices Plunge in February

Nine properties were sold in Bryn Mawr last month, which is an increase of 28.6 percent over February 2012 when seven were sold. The prior year that number was 12.

The median price of properties that did sell last month dropped by half from $688,500 to $325,000. In February, 2011, that number was $348,500.

The average days that a home was the market increased from 58 last February to 72 days. In 2011 that number was 111.

Home sales in Bryn Mawr and Gladwyne jumped in January compared with the same month in 2012 and 2011.

Take a look at the three most expensive homes currently on the market in Bryn Mawr.

How Lower Merion compared with other Main Line municipalities in home sales last month:

   Number of Properties Sold  Municipality Feb-13 Feb-12 Feb-11 % Change   12 - 13 % Change   11 - 13 Malvern Bor 2 1 5 100.0% -60.0% Tredyffrin Twp 18 10 27 80.0% -33.3% Willistown Twp 6 4 5 50.0% 20.0% Easttown Twp 5 6 5 -16.7% 0.0% Haverford 21 20 33 5.0% -36.4% Newtown 8 6 7 33.3% 14.3% Radnor 15 7 18 114.3% -16.7% Narberth 6 1 2 500.0% 200.0% L Merion 37 37 31 0.0% 19.4%    

    TOTAL 118 92 133 28.3% -11.3%

 

   Median Price of Properties Sold          Municipality Feb-13 Feb-12 Feb-11 % Change   12 - 13 % Change   11 - 13 Malvern Bor $272,500 $126,000 $185,000 116.3% 47.3% Tredyffrin Twp $350,000 $355,000 $325,000 -1.4% 7.7% Willistown Twp $355,000 $361,168 $375,000 -1.7% -5.3% Easttown Twp $562,600 $886,000 $917,500 -36.5% -38.7% Haverford $255,000 $273,750 $278,000 -6.8% -8.3% Newtown $555,000 $278,500 $350,000 99.3% 58.6% Radnor $350,000 $425,000 $524,500 -17.6% -33.3% Narberth $225,375 $305,000 $384,000 -26.1% -41.3% L Merion $355,000 $523,000 $310,080 -32.1% 14.5%    



TOTAL $350,000 $355,000 $337,500 -1.4% 3.7%