February Chilly for Gladwyne Home Sales
The median sales price held at more than $1 million.
Home Sales in Gladwyne fell slightly in February compared with the same month in 2012, according to a Prudential Fox and Roach HomeExpert Report.
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% |
