February Chilly for Gladwyne Home Sales

Three properties were sold in Gladwyne last month, which is an decrease of 40 percent over February 2012 when 5 were sold. The prior year that number was 1.

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

The median price of properties that did sell last month decreased by 15.6 percent from $1,350,000 to $1,140,000. In February, 2011, that number was $575,000.

The average days that a home was the market fell from 139 days last February to 20 days. In 2011 that number was 248.

See a gallery of the top homes sold in February in the Bryn Mawr-Gladwyne Patch area.

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%