May 13

Builders See Growth in Master Communities

Builders See Growth in Master Communities

Builders See Growth in Master Communities. Image courtesy of cuteimage / FreeDigitalPhotos.net

Builders See Growth in Master Communities. Image courtesy of cuteimage / FreeDigitalPhotos.net

Houston boasted the most housing starts in the nation last year, and one-third of those starts were in master planned communities (MPC), a growing sector for the homebuilding industry.

In the U.S., the top 50 master planned communities captured 5.4 percent of new-home sales in 2013 – a 12 percent increase over 2012, according to John Burns Real Estate Consulting. One-third of the top 50 master planned communities are in Texas alone.

With MPCs, builders carefully plan out the residential development, often with a mix of housing types, recreational amenities, retail, and employment centers.

MPCs have been growing in demand nationwide. Among the top 20 MCPs, the average pricing of homes in these developments has increased 16 percent over the past year, and by more than 24 percent in the past two years, according to Metrostudy.

“Historically, we’ve found that during a recession, home values in master planned communities have held up better because of thoughtful planning that includes mixed-use development with jobs, retail, and professional services,” says David Jarvis, Metrostudy’s regional director in the Houston market.

Builders with Johnson Development, which has opened up some of the nation’s best-selling MCPs in the past year, say that the MCPs nowadays are different from two decades ago. They’ve moved beyond just family-oriented housing to accommodate broader demographic needs.

“Family units are changing, so you want a broad array of housing types and price points in one community,” says W. Douglas Goff, COO of Johnson Development. “We call this vertical integration, with family housing on various lot sizes to town homes and zero-lot-line patio homes that young professionals, single parents, and move-down empty-nesters are interested in because they’re low maintenance.”

Source: “Master Minds,” Builder (May 8, 2014) and “5% Capture Rate for Top 50 Master-Planned Communities,” John Burns Real Estate Consulting

May 12

4 Eden Cir Broomall, PA 19008 home for sale Delaware County

4 Eden Cir Broomall, PA 19008 home for sale Delaware County

Call me for info on this home for sale at 4 Eden Cir Broomall, PA 19008 in Delaware County

Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Email: anthonydidonato@gmail.com

$339,000 ($1,695 / mo)

  • Single-Family Home
  • 3 bed
  • 3 bath
  • 1,742 sqft
  • For Sale / Resale

 

4 Eden Cir Broomall, PA 19008 home for sale Delaware County

4 Eden Cir Broomall, PA 19008 home for sale Delaware County

 

Home Details for this home for sale at 4 Eden Cir Broomall, PA 19008

Detached – home for sale at 4 Eden Cir Broomall, PA 19008

4 Eden Cir Tucked away on a Cul-de-Sac with great Curb Appeal. This Immaculate Colonial Home is set on a Mature Landscaped Level Lot. Features a detached 2-Car Garage. You will love the Floor Plan of this Fabulous Home. Enter the Open Foyer to the inviting Elegant Living Room and Dining Room. Natural light illuminates the Spacious Eat-in Kitchen with Plenty of Counter Space & Wood Cabinets. Large Family Room boasts Recessed Lights and Double Windows for Natural Light. Plus a Convenient Powder Room. Huge Laundry Room leads to the Picturesque Back Yard. Follow the Flag Stone Path beyond the 2-Car Ga…rage to additional Yard Space. The Master Bedroom boasts a Private Full Bath. Three additional immaculate Bedrooms all with ample Closet Space and a Center Hall Bath. There are Hardwood Floors under the Carpets. Central Air will keep you comfortable on those Hot Summer Days. This Spacious Home is located on a Magnificent Lot on a Cul-de-Sac. Don’t miss this Pristine Home.

Features for this home for sale at 4 Eden Cir Broomall, PA 19008
    • Price: $339,000
    • 3 Bedrooms
    • 2 full, 1 partial Bathrooms
    • Single-Family Home
    • Status: For Sale
    • Floors: Carpet – Full
    • Exterior: Brick, Vinyl Siding
    • Roof: Composition Shingle
    • Heating Fuel: natural gas
    • Lot Size: 7,840 sqft
    • Built in 1963
    • MLS/Source ID: 6384989
    • Zip: 19008
    • 1,742 sqft

Schools near this home for sale at 4 Eden Cir Broomall, PA 19008

Loomis Elementary School
Exceeds Standard
Paxon Hollow Middle School
Exemplary
Marple Newtown Senior High School
Exceeds Standard

Public Records for this home for sale at 4 Eden Cir Broomall, PA 19008

    • Single Family Residential
    • 1 Partial Bathroom
    • Built In 1963
    • Parking Spaces: 2
    • 1 Unit
    • 3 Bedrooms
    • 1,742 sqft
    • Heating: Central
    • Exterior Walls: Asbestos shingle
    • Basement: Full Basement
    • 2 Bathrooms
    • Lot Size: 6,621 sqft
    • Parking
    • 7 Rooms
    • County: Delaware

Property Taxes and Assessment for this home for sale at 4 Eden Cir Broomall, PA 19008

Year Tax Assessment Market
2014 N/A $152,880 N/A
2013 $839 N/A N/A

Real Estate Trends in 19008

Listing price for 4 Eden Cir $339,000
Average listing price for similar homes $350,690 3% above listing price
Average sale price for similar homes $291,828 14% below listing price
Average listing price for all homes in 19008 $391,624 13% above listing price
Median sale price for all homes in 19008 $327,850 3% below listing price

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this home for sale at 4 Eden Cir Broomall, PA 19008 in Delaware County and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES, SFR
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthonydidonato@gmail.com
Call me for info on this home for sale at 4 Eden Cir Broomall, PA 19008 in Delaware County

May 12

30-Year Mortgage Rate Reaches New Low for the Year

30-Year Mortgage Rate Reaches New Low for the Year

30-Year Mortgage Rate Reaches New Low for the Year. Image courtesy of ddpavumba / FreeDigitalPhotos.net

30-Year Mortgage Rate Reaches New Low for the Year. Image courtesy of ddpavumba / FreeDigitalPhotos.net

The 30-year fixed-rate mortgage averaged 4.21 percent this week, the lowest since November 2013, Freddie Mac reports in its weekly mortgage market survey.

“Mortgage rates continued moving down following the decline in 10-year Treasury yields after a dismal report on real GDP growth in the first quarter,” says Frank Nothaft, Freddie Mac’s chief economist.

Freddie Mac reports the following national averages for mortgage rates for the week ending May 8:

  • 30-year fixed-rate mortgages: averaged 4.21 percent, with an average 0.6 point, dropping from last week’s 4.29 percent average. Last year at this time, 30-year rates averaged 3.42 percent.
  • 15-year fixed-rate mortgages: averaged 3.32 percent, with an average 0.6 point, dropping from last week’s 3.38 percent average. A year ago, 15-year rates averaged 2.61 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.05 percent, with an average 0.5 point, holding the same as last week. Last year at this time, 5-year ARMs averaged 2.58 percent.
  • 1-year ARMs: averaged 2.43 percent, with an average 0.4, dropping from last week’s 2.45 percent. A year ago, 1-year ARMs averaged 2.53 percent.

Source: Freddie Mac

 

 

 

May 09

2232 Winding Way Broomall, PA 19008 home for sale Delaware County.

2232 Winding Way Broomall, PA 19008 home for sale Delaware County.

Call me for info on this home for sale at 2232 Winding Way Broomall, PA 19008 in Delaware County

Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Email: anthonydidonato@gmail.com

$345,000 ($1,726 / mo)

  • Single-Family Home
  • 3 bed
  • 3 bath
  • 1,531 sqft
  • For Sale / Resale

 

2232 Winding Way Broomall, PA 19008 home for sale Delaware County.

2232 Winding Way Broomall, PA 19008 home for sale Delaware County.

Home Details for this home for sale at 2232 Winding Way Broomall, PA 19008

2232 Winding Way Welcome home to 2232 Winding Way! No stones have been left unturned in this newly remodeled gem! Some of the many updates include new heat and air, new Pella windows, newly finished hardwood floors, brand new kitchen, new appliances, new garage door, new fence, enlarged family room. This beautiful home offers cathedral ceilings and bay windows to enhance the brightness and open flow. Formal living room and dining room with a Pella French door to exit to the back. The back yard is flat and private offering the perfect getaway for relaxing. The family room has an oversized picture window …with an additional outside exit. Mud room is right off the garage. Located close to all major roads. Walking distance to the elementary school and parks. Award winning Marple Newtown School District.

 

Features for this home for sale at 2232 Winding Way Broomall, PA 19008
    • Price: $345,000
    • 3 Bedrooms
    • 1 full, 2 partial Bathrooms
    • Single-Family Home
    • Vaulted Ceiling
    • Status: For Sale
    • Colonial Architecture
    • Heating: gas
    • Lot Size: 8,276 sqft
    • Built in 1956
    • MLS/Source ID: 6385488
    • Zip: 19008
    • 1,531 sqft

 

Schools near this home for sale at 2232 Winding Way Broomall, PA 19008

Russell Elementary School
Exceeds Standard
Paxon Hollow Middle School
Exemplary
Marple Newtown Senior High School
Exceeds Standard

 

Public Records for this home for sale at 2232 Winding Way Broomall, PA 19008

    • Single Family Residential
    • 2 Partial Bathrooms
    • Built In 1956
    • 7 Rooms
    • Basement: Full Basement
    • 3 Bedrooms
    • 1,531 sqft
    • A/C: Central
    • 1 Unit
    • County: Delaware
    • 1 Bathroom
    • Lot Size: 8,407 sqft
    • Heating: Central
    • Construction: Stone

Property Taxes and Assessment for this home for sale at 2232 Winding Way Broomall, PA 19008

Year Tax Assessment Market
2014 N/A $144,840 N/A
2013 $795 N/A N/A

Real Estate Trends in 19008

Listing price for 2232 Winding Way $345,000
Average listing price for similar homes $323,053 6% below listing price
Average sale price for similar homes $266,098 23% below listing price
Average listing price for all homes in 19008 $400,296 14% above listing price
Median sale price for all homes in 19008 $374,248 8% above listing price

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this home for sale at 2232 Winding Way Broomall, PA 19008 in Delaware County and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES, SFR
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthonydidonato@gmail.com
Call me for info on this home for sale at 2232 Winding Way Broomall, PA 19008 in Delaware County

May 09

Mortgage Delinquencies Drop by Double Digits

Mortgage Delinquencies Drop by Double Digits

 

Mortgage Delinquencies Drop by Double Digits. Image courtesy of jscreationzs / FreeDigitalPhotos.net

Mortgage Delinquencies Drop by Double Digits. Image courtesy of jscreationzs / FreeDigitalPhotos.net

The mortgage delinquency rate nationwide stood at 3.61 percent at the end of the first quarter of 2014, down more than 24 percent compared to the same time a year ago, according to the latest mortgage report from TransUnion. That marked the ninth consecutive quarter that the delinquency rate declined.

The mortgage delinquency rate now stands at the same level as it was in the second quarter of 2008.

“It’s encouraging to see mortgage delinquencies drop once again, especially during a period when mortgage origination’s slowed considerably,” says Steve Chaouki, head of financial services for TransUnion. “This trend in improved performance is driven in part by lenders working their way through the foreclosure backlog, along with continued conservatism in underwriting new mortgages.”

All 50 states as well as the District of Columbia posted drops in the mortgage delinquency rate over the past year. The largest percentage declines in mortgage delinquency rates occurred in some of the states that were worst-hit during the mortgage crisis: Arizona (down 37.8 percent in the past year); California (down 36.9 percent), and Nevada (down 34 percent).

Five years ago, both Arizona and California had delinquency rates that were nearly double the national average. Now, the states are posting rates at 2.81 percent and 2.80 percent, respectively — lower than the national average of 3.61 percent, according to TransUnion.

Source: TransUnion

May 08

6 Bayberry Dr Broomall, PA 19008 home for sale Delaware County

6 Bayberry Dr Broomall, PA 19008 home for sale Delaware County

Call me for info on this home for sale at 6 Bayberry Dr Broomall, PA 19008 in Delaware County

Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Email: anthonydidonato@gmail.com

  • $674,900($3,384 / mo)
  • Single-Family Home
  • 5 bed
  • 5 bath
  • 5,100 sqft
  • For Sale / Resale

 

6 Bayberry Dr Broomall, PA 19008 home for sale Delaware County

6 Bayberry Dr Broomall, PA 19008 home for sale Delaware County

Home Details for this home for sale at 6 Bayberry Dr Broomall, PA 19008

2-Story,Detached, Colonial –  home for sale at 6 Bayberry Dr Broomall, PA 19008

6 Bayberry Dr Welcome to 6 Bayberry Dr. in the award winning community of Cedar Grove Farms. This is the open floor plan, meticulously maintained home you have been waiting for. This 5 bedroom, 3 full baths, 2 half bath home boasts 5100 sq. ft. and too many upgrades to list! Enter into the stunning two story entrance hall with beautiful hardwood floors, crown molding, and wainscoting. The formal living room features gas fireplace, bay window and French doors into office/playroom. The dining room features H/W floors and bay window as well as a dry bar/ prep area. The two story family room has vaulted …ceilings, and floor to ceiling stone gas fireplace. There is an open gourmet kitchen with gorgeous granite counter tops, double under mount sink, newer stainless steel appliances including gas 5 burner cook-top and double oven. There is also a large island, attached breakfast eating area, ample cabinet space as well as a beautiful window with custom architectural vaulted ceiling looking out into the back yard. There are French doors leading off the breakfast area to a large rear Trex deck with PVC rail system for years of carefree enjoyment. The home also features a first floor laundry room as well as access to the 2 car attached garage. You can access the 2nd floor through one of the two staircases. The main staircase with large landing allows views into the entrance and family room due to the open floor plan. The second floor features 4 ample bedrooms as well as a master bedroom suite with tray ceiling, double walk in closets, bay window, and a large master bath with double vanities, jetted soaking tub, and tiled stall shower. The 2nd floor also has two additional full bathrooms and ample closet space throughout. The basement is full and professionally finished with built in custom wet bar and large entertainment/ gaming/ additional family room area. The basement also has a large storage area as well. The exterior has a beautiful EP Henry walkway and professional landscape lighting. This home has many updates and upgrades to include a newer roof, split system high efficiency heaters and central air, and many new windows throughout. There is nothing left to do here but unpack.

 

Features for this home for sale at 6 Bayberry Dr Broomall, PA 19008

 

    • Price: $674,900
    • 5 Bedrooms
    • 3 full, 2 partial Bathrooms
    • Single-Family Home
    • Dishwasher
    • Garbage Disposal
    • Microwave
    • Air Conditioning
    • Vaulted Ceiling
    • Ceiling Fan
    • Status: For Sale
    • Floors: Brick, Carpet – Full, Tile, Wood
    • Colonial Architecture
    • Exterior: Brick, Stucco
    • Roof: Composition Shingle
    • Heating Fuel: natural gas
    • Hot Tub / Spa
    • Basement
    • Lot Size: 0.37 acres
    • Built in 1994
    • Rooms: 12
    • MLS/Source ID: 6382646
    • Zip: 19008
    • 5,100 sqft

Schools near this home for sale at 6 Bayberry Dr Broomall, PA 19008

Russell Elementary School
Exceeds Standard
Paxon Hollow Middle School
Exemplary
Marple Newtown Senior High School
Exceeds Standard
Fees and Taxes for this home for sale at 6 Bayberry Dr Broomall, PA 19008

Home Owner Assessments Fee: $400

Public Records for this home for sale at 6 Bayberry Dr Broomall, PA 19008

    • Single Family Residential
    • 1 Partial Bathroom
    • Built In 1994
    • Heating: Central
    • Exterior Walls: Stucco
    • Basement: Full Basement
    • County: Delaware
    • 4 Bedrooms
    • 4,235 sqft
    • Stories: 2 story with basement
    • Parking
    • 9 Rooms
    • Style: Colonial
    • 3 Bathrooms
    • Lot Size: 0.32 acres
    • A/C: Central
    • Parking Spaces: 2
    • 1 Unit
    • Fireplace

Property Taxes and Assessment for this home for sale at 6 Bayberry Dr Broomall, PA 19008

Year Tax Assessment Market
2014 N/A $390,720 N/A
2013 $2,144 N/A N/A

Price History & Trends

Real Estate Trends in 19008

Listing price for 6 Bayberry Dr $674,900
Average listing price for similar homes $675,532 0% above listing price
Average sale price for similar homes $519,817 23% below listing price
Average listing price for all homes in 19008 $400,296 69% below listing price
Median sale price for all homes in 19008 $374,248 45% below listing price

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this home for sale at 6 Bayberry Dr Broomall, PA 19008 in Delaware County and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES, SFR
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthonydidonato@gmail.com
Call me for info on this home for sale at 6 Bayberry Dr Broomall, PA 19008 in Delaware County

May 08

Buyers Prefer New, But Aren’t Willing to Pay

Buyers Prefer New, But Aren’t Willing to Pay

Buyers Prefer New, But Aren't Willing to Pay. Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Buyers Prefer New, But Aren’t Willing to Pay. Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Forty-one percent of Americans say they prefer a new home compared to 21 percent who say they prefer an existing home, according to a new survey of more than 2,000 adults conducted by Harris Poll on behalf of Trulia. The cost and availability of new homes are big barriers for those who say they want new, the survey finds.

In general, new homes are typically listed for 20 percent more than existing homes with similar features and in the same neighborhood. Of those surveyed who say they prefer new, only 46 percent said they would be willing to pay at least 20 percent more for a new home.

The survey found that the top reasons people prefer new homes are to have modern features, be able to customize the home before construction is completed, and to spend less on maintenance and repairs. Fifty-nine percent of Americans surveyed identified the modern features they most want as bigger closets, a kitchen island, open floor plan, walls pre-wired for flat screen TVs, and radiant floor heating.

For those who prefer existing homes, they tend to prefer traditional features in a home and being able to live in more established neighborhoods.

Home building remains sluggish in most of the country, and buyers are facing limited choices. However, new single-family home construction is most highly concentrated in Texas and South and North Carolina (when adjusting for market size). The top five housing markets with the most single-family construction are: Raleigh, N.C.; Houston; Charleston, S.C.; Austin, Texas; and Charlotte, N.C.-S.C.

Source: “Trulia: American Homebuyers Prefer New Homes 2 to 1,” HousingWire (May 6, 2014)

 

May 07

17 Hawthorne Rd Broomall, PA 19008 home for sale Delaware County

17 Hawthorne Rd Broomall, PA 19008 home for sale Delaware County

Call me for info on this home for sale at 17 Hawthorne Rd Broomall, PA 19008 in Delaware County

Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Email: anthonydidonato@gmail.com

  • Single-Family Home
  • 4 bed
  • 2 bath
  • 1,008 sqft
  • For Sale / Resale
  • $269,900

 

17 Hawthorne Rd Broomall, PA 19008 home for sale Delaware County

17 Hawthorne Rd Broomall, PA 19008 home for sale Delaware County

Home Details for this home for sale at 17 Hawthorne Rd Broomall, PA 19008

1-Story,Detached, Cape Cod – home for sale at 17 Hawthorne Rd Broomall, PA 19008
17 Hawthorne Rd This house is situated in a great location with a large, fenced in back yard and huge shed. Open the doors to the completely redone first floor with large eat-in kitchen, newly painted living room, Master bedroom and additional room leading outside to a large deck. The full bathroom on the main level has been completely redone with beautiful built-in shelving. Downstairs offers your choice of a full, finished basement or large bedroom with walk-in closet and 1/2 bathroom. Upstairs offers two more spacious bedrooms. Opportunity awaits this move-in ready home.
Features for this home for sale at 17 Hawthorne Rd Broomall, PA 19008
    • Price: $269,900
    • 4 Bedrooms
    • 1 full, 1 partial Bathrooms
    • Single-Family Home
    • Air Conditioning
    • Status: For Sale
    • Cape Cod Architecture
    • Exterior: Brick
    • Heating Fuel: oil
    • Basement
    • Lot Size: 6,098 sqft
    • Built in 1952
    • MLS/Source ID: 6382946
    • Zip: 19008
    • 1,008 sqft
Schools near this home for sale at 17 Hawthorne Rd Broomall, PA 19008

Worrall Elementary School
Exemplary
Paxon Hollow Middle School
Exemplary
Marple Newtown Senior High School
Exceeds Standard

Public Records for this home for sale at 17 Hawthorne Rd Broomall, PA 19008

    • Single Family Residential
    • 1,008 sqft
    • Stories: 1 story with basement
    • Exterior Walls: Brick
    • Basement: Full Basement
    • 4 Bedrooms
    • Lot Size: 6,142 sqft
    • A/C: Central
    • 6 Rooms
    • Style: Cape Cod
    • 1 Bathroom
    • Built In 1952
    • Heating: Central
    • 1 Unit
    • County: Delaware

Property Taxes and Assessment for this home for sale at 17 Hawthorne Rd Broomall, PA 19008

Year Tax Assessment Market
2014 N/A $121,270 N/A
2013 $679 N/A N/A

Price History & Trends

Real Estate Trends in 19008

Listing price for 17 Hawthorne Rd $269,900
Average listing price for similar homes $284,300 5% above listing price
Average sale price for similar homes $227,103 16% below listing price
Average listing price for all homes in 19008 $400,296 33% above listing price
Median sale price for all homes in 19008 $374,248 39% above listing price

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this home for sale at 17 Hawthorne Rd Broomall, PA 19008 in Delaware County and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES, SFR
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthonydidonato@gmail.com
Call me for info on this home for sale at 17 Hawthorne Rd Broomall, PA 19008 in Delaware County

May 07

Luxury Home Sales Soar

Luxury Home Sales Soar

Luxury Home Sales Soar. Image courtesy of photostock / FreeDigitalPhotos.net

Luxury Home Sales Soar. Image courtesy of photostock / FreeDigitalPhotos.net

Affluent buyers are feeling bullish about housing, as luxury home sales skyrocket, Bloomberg reports. Million-dollar homes in the U.S. are selling at double their historical average, according to data released by the National Association of REALTORS®.

Sales of homes that cost $1 million or more increased 7.8 percent in March compared to a year earlier. Meanwhile, sales of homes that cost $250,000 or less — which represent about two-thirds of the housing market — dropped 12 percent in March year-over-year.

“The real estate market is the ultimate reflection of confidence, wealth, and income,” says Sam Khater, deputy chief economist at CoreLogic.

Transactions for homes costing $2 million or more soared 33 percent in January and February compared to a year earlier, according to an analysis by DataQuick of 25 of the top U.S. metro areas. The transactions were the highest for a two-month period since DataQuick began its tracking in 1988.

“The luxury markets are on fire,” Christie’s International CEO Bonnie Stone Sellers told Bloomberg. “The trends in luxury housing are similar to trends in other luxury goods. Whether you’re buying a third home in Manhattan as a pied-a-terre or another Picasso, these are acquisitions of passion, of lifestyle, and of experience.”

There have been some blockbuster sales recently. The latest to grab headlines was the $147 million sale of an East Hampton’s property, which now carries the title as the priciest home sale ever in the U.S. This came two weeks after the sale of a single-family home in Greenwich, Conn., known as Copper Beech Farm shattered home records at the time at $120 million.

“The stock market is very strong, and this is a way to monetize and concretize some gains,” says Gary Wasserman, CEO of Allied Metals Corp., who is looking to boost his personal real estate portfolio. “We had quite a shock to our collective confidence in 2008 and 2009. The resurgence of the economy has underscored for us that this country remains a very strong place, and that the future remains strong.”

Source: “Million-Dollar Home Sales Thrive While Low End Stumbles,” Bloomberg Businessweek (May 2, 2014)

May 06

421 Candlewood Rd Broomall, PA 19008 home for sale Delaware County

421 Candlewood Rd Broomall, PA 19008 home for sale Delaware County

Call me for info on this home for sale at 421 Candlewood Rd Broomall, PA 19008 in Delaware County

Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Email: anthonydidonato@gmail.com

  • Single-Family Home
  • 3 bed
  • 2 bath
  • 1,864 sqft
  • For Sale / Resale
  • $339,900

 

421 Candlewood Rd Broomall, PA 19008 home for sale Delaware County

421 Candlewood Rd Broomall, PA 19008 home for sale Delaware County

 

Home Details for this home for sale at 421 Candlewood Rd Broomall, PA 19008

Detached,Split/MultiLevel, Colonial – home for sale at 421 Candlewood Rd Broomall, PA 19008

421 Candlewood Rd Absolutely outstanding home in the Rose Tree woods section of Broomall! This updated 3 bedroom 2 full bath home boasts a new Kitchen (2006) with custom cabinets, Granite tops , a breakfast bar and new appliances! Large living room and a formal dining room. The second floor has 3 large bedrooms, an updated hall bath and a walk-up attic for storage. The lower level is fully finished, great for relaxing or entertaining. Fully finished with a second full bath, and a wood-burning stove. Large finished Laundry room with tile floors. Walk out to the LARGE fully covered and screened in porch (Approx 30×30). Talk about parties! Great for enjoying meals outside, or entertaining, this is a great bonus room rain or shine! This room alone would be very hard to find anywhere! Beautiful flat rear yard is one of the best in the entire neighborhood and backs up to woods for privacy. The rear yard also has a large rear shed. Walk to the areas best swim club. Private driveway for 6+cars. New roof (2011), New Heater(2008) New A/c (2010), Freshly painted rooms, Custom Irrigation system for the front and driveway landscaping and much more. This home is a winner! The owners have priced this to sell. Come take a look!! OPEN HOUSE Sunday May 4th 1-3 PM!

 

Features for this home for sale at 421 Candlewood Rd Broomall, PA 19008
    • Price: $339,900
    • 3 Bedrooms
    • 2 full Bathrooms
    • Single-Family Home
    • Air Conditioning
    • Ceiling Fan
    • Attic
    • Status: For Sale
    • Floors: Brick, Carpet – Full, Tile
    • Colonial Architecture
    • Exterior: Brick, Vinyl Siding
    • Roof: Composition Shingle
    • Heating Fuel: natural gas
    • Basement
    • Security System
    • Lot Size: 0.4 acres
    • Built in 1954
    • MLS/Source ID: 6382715
    • Zip: 19008
    • 1,864 sqft
    • Lawn

Schools near this home for sale at 421 Candlewood Rd Broomall, PA 19008

Worrall Elementary School
Exemplary
Paxon Hollow Middle School
Exemplary
Marple Newtown Senior High School
Exceeds Standard

Public Records for this home for sale at 421 Candlewood Rd Broomall, PA 19008

    • Single Family Residential
    • 1 Partial Bathroom
    • Built In 1954
    • 7 Rooms
    • Basement: Full Basement
    • 3 Bedrooms
    • 1,864 sqft
    • Heating: Central
    • 1 Unit
    • County: Delaware
    • 1 Bathroom
    • Lot Size: 0.57 acres
    • Parking
    • Construction: Stone

Property Taxes and Assessment for this home for sale at 421 Candlewood Rd Broomall, PA 19008

Year Tax Assessment Market
2014 N/A $168,450 N/A
2013 $924 N/A N/A

Price History & Trends

Real Estate Trends in 19008

Listing price for 421 Candlewood Rd $339,900
Average listing price for similar homes $336,230 1% below listing price
Average sale price for similar homes $250,558 26% below listing price
Average listing price for all homes in 19008 $400,296 15% above listing price
Median sale price for all homes in 19008 $374,248 10% above listing price

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this home for sale at 421 Candlewood Rd Broomall, PA 19008 in Delaware County and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES, SFR
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthonydidonato@gmail.com
Call me for info on this home for sale at 421 Candlewood Rd Broomall, PA 19008 in Delaware County

May 06

Historic Low for Young Adult Home Ownership

Historic Low for Young Adult Home Ownership

Historic Low for Young Adult Home Ownership. Image courtesy of imagerymajestic / FreeDigitalPhotos.net

Historic Low for Young Adult Home Ownership. Image courtesy of imagerymajestic / FreeDigitalPhotos.net

Young Americans are putting off home buying at unprecedented levels. The home ownership rate for the Millennial generation age group has fallen to its lowest level since the U.S. Census Bureau started tracking home ownership by age in 1982.

The home ownership rate in the first quarter of 2014 for Americans 35 and under fell to 36.2 percent, dropping from 36.8 percent in 2013. Broken down even further, Americans in the 25-29 age group had the biggest decline in home ownership rates at 33.3 percent, followed by 47.5 percent for the 30-34 age group.

Granted, home ownership for all age groups has fallen to 64.8 percent, the lowest level since 1995. But Dean Baker, co-director of the Center for Economic and Policy Research in Washington, D.C., says that high student loan debt and sluggish unemployment are added elements that are keeping many young Americans on the sidelines.

“The labor market for younger people remains pretty bad. Obviously you’re worse off without a college degree, but for people with college degrees, if they have a regular job, often it’s not paying very well and often they are jobs that pay just as well for people who have just a high school degree,” Baker says. “They also have a lot of debt. So it’s not surprising that people in their late 20s or early 30s are less likely to buy a home than what might have been the case 20 or 30 years ago.”

The unemployment rate for those ages 20-24 is 12.4 percent, according to March data from the Bureau of the Labor Statistics. The unemployment rate for Americans 25-34 years old is 7 percent, compared to the national average unemployment rate of 6.7 percent.

“Those stories you hear about people in their 20s or early 30s living with mom and dad, those aren’t just stories, and if people don’t move out, they’re not going to buy a house again because we’re still in the aftereffects of the worst financial crisis in 75 years,” said David Wessel, senior fellow of economic studies at the Brookings Institution in Washington, D.C.

Source: “Homeownership for Millennials Declines to New Lows,” U.S. News & World Report (April 30, 2014)

May 05

209 Remington Rd Broomall, PA 19008 home for sale Delaware County

209 Remington Rd Broomall, PA 19008 home for sale Delaware County

Call me for info on this home for sale at 209 Remington Rd Broomall, PA 19008 in Delaware County

Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Email: anthonydidonato@gmail.com

  • Single-Family Home
  • 4 bed
  • 3 bath
  • For Sale / Resale
  • $415,000

 

209 Remington Rd Broomall, PA 19008 home for sale Delaware County

209 Remington Rd Broomall, PA 19008 home for sale Delaware County

Home Details for this home for sale at 209 Remington Rd Broomall, PA 19008

Detached, Colonial – BROOMALL, PA
209 Remington Rd Fantastic, Spacious, Center Hall Colonial in Parkwynne Estates. Large Living Rm., Formal Dining Rm, outstanding eat-in-kitchen, Laundry, Utility Rm., Closet and outside entrance, Powder Rm, Family Rm., w/Fireplace, sliders to enclosed Sun Room addition. 2nd Floor: sizable Master Bedroom, w/dressing area, double closets, full bath, three additional large bedrooms, hall bath. Finished Basement, One car garage. Hardwood Floors,Newer Windows, Newer Sliders, New Roof, Newer Gas Heater, Extended Driveway, Great Location
Features for this home for sale at 209 Remington Rd Broomall, PA 19008
    • Price: $415,000
    • 4 Bedrooms
    • 2 full, 1 partial Bathrooms
    • Single-Family Home
    • Air Conditioning
    • Status: For Sale
    • Colonial Architecture
    • Exterior: Asbestos, Stone
    • Heating Fuel: natural gas
    • Lot Size:
    • Built in 1967
    • MLS/Source ID: 6382000
    • Zip: 19008
Schools near this home for sale at 209 Remington Rd Broomall, PA 19008
Worrall Elementary School
Exemplary
Paxon Hollow Middle School
Exemplary
Marple Newtown Senior High School
Exceeds Standard

 

Public Records for this home for sale at 209 Remington Rd Broomall, PA 19008

    • Single Family Residential
    • 1 Partial Bathroom
    • Built In 1967
    • Heating: Central
    • 8 Rooms
    • Style: Colonial
    • 4 Bedrooms
    • 2,428 sqft
    • Stories: 2 story with basement
    • Parking
    • 1 Unit
    • Fireplace
    • 2 Bathrooms
    • Lot Size: 0.34 acres
    • A/C: Central
    • Exterior Walls: Asbestos shingle
    • Basement: Full Basement
    • County: Delaware

Property Taxes and Assessment for this home for sale at 209 Remington Rd Broomall, PA 19008

Year Tax Assessment Market
2013 N/A $201,470 N/A
2012 $1,098 N/A N/A

Price History & Trends

Real Estate Trends in 19008

Listing price for 209 Remington Rd $415,000
Average listing price for similar homes $389,765 6% below listing price
Average sale price for similar homes $339,957 18% below listing price
Average listing price for all homes in 19008 $393,241 6% below listing price
Median sale price for all homes in 19008 $261,666 37% below listing price

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this home for sale at 209 Remington Rd Broomall, PA 19008 in Delaware County and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES, SFR
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthonydidonato@gmail.com
Call me for info on this home for sale at 209 Remington Rd Broomall, PA 19008 in Delaware County