Real Estate
Gladwyne Home Prices, Sales Up in First Quarter
Both home sales and prices increased over last year.
Home sales in Gladwyne increased from 10 to 14 in the first quarter of 2013 compared with the same time period in 2012, according to a Prudential Fox and Roach HomeExpert Report.
It signifies a 40 percent increase. Seven and 4 homes were sold during the first quarter of 2011 and 2010, respectively, signaling a steady growth in that market.
The median price of properties that did sell in the first quarter also grew by about 40 percent from $750,000 last year to $925,000 this year. In 2011 and 2010 the median price of sold properties was $900,000 and $665,000, respectively, according to the report.
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The average days that a home was the market dropped by 57 percent in the first quarter of 2013 from 143 last year to 61 days. In 2011 that number was 112; in 2010 it was 135.
Click here to see what new homes in the area are now for sale.
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