Bidding wars? Time on market less than 2 weeks? February continued to indicate that the housing market is gaining strength. For the 3rd straight month, both Pending and Settled listings were at a 4-year high. Pending listings were 29% higher than the previous year for the 2nd straight month, while Settled listings were more than 10% higher. Furthermore, the housing affordability index has broken the 200 mark, meaning the typical family has roughly double the income needed to purchase a median-priced home. The problem for Buyers will occur at the peak of the spring market. In most neighborhoods in the Philadelphia suburbs, there will be a few weeks or a month this spring when the greatest flurry of Buyers will be buying. For that period demand will exceed supply. You will know it is happening when every house you look at sells quickly and most have multiple offers on them (already beginning to happen). During that period prices will peak and Buyers will be forced to pay a premium. Good Hunting!
Bryn Mawr 19010 (Delaware County/Radnor School District) 3 Bed, 1 Bath Ranch on 1.38 acres
103 Michaels Ln, Wallingford, PA 19086 (Delaware County / Wallingford -Swarthmore School District) 3 Bed/1.1 Bath Split Level Foreclosure
1015 Bell Ave, Lansdowne 19050 (Delaware county/William Penn School District) 3 Bed/1.1 Bath Twin with Garage and Walkout Basement
Lansdowne Twin with 3 bedroom and 1.5 bathrooms. Covered front porch. Living room features fireplace. Dining room. Eat-in Kitchen. Upstairs: 3 bedrooms and 1 full bath with separate tub and shower. Potential roof deck off the rear bedroom. Finished walkout basement with abundant storage, powder room and laundry. Fenced-in side yard. Attached garage with alley access. Conveniently located to major roadways and public transportation. Walk to Bell Elementary. Welcome home!
Huge deficits seen for Radnor schools
Radnor Township School District must face “brutal facts,” including what some officials say is a “structural problem” with how the district is funded and how it spends money according to Superintendent of Schools Linda Grobman. For example, by the year 2015-16 the school district could spend almost the same amount on benefits as it will on salaries, according to a five-year budget outlook. Despite “significant” staff and teacher layoffs and furloughs [Read more...]
Upper Providence taxes to jump 48 percent
After nine years with only one tax hike of about 2 percent, the Upper Providence Township is proposing a 48 percent increase. The preliminary budget approved by council shows a total tax rate of 4.629 mills, 1.501 mills more than last year. For an assessment of $250,000, taxes rise from $782 to $1,157. Township Manager Edward Cashman presented [Read more...]
Darby residents decry development plan
About 40 residents packed borough hall recently to voice their displeasure with a proposed retail center developers are hoping to build on a 35-acre lot along Springfield Road. Metro Development has proposed [Read more...]
Marple mulls 2010 tax hike
Commissioners took their first look at the preliminary 2010 budget, which showed a possible real- estate tax increase of 20 percent, 3.58 to 4.3 mills. The hike would be $144 for a property assessed at $200,000. The $13.5 million proposed general fund, nearly 50 percent of which is composed of payroll and health care, contains unknowns such as health care rates and the results of the police and nonuniformed contracts.
Delaware County considering 8.9 percent tax bump
Delaware County property taxes could go up by 8.9 percent in 2010, according to a preliminary budget released Thursday. The proposed increase [Read more...]
New zoning and building regulations approved for Garrett Hill
In October 2007 about 60 Garrett Hill residents stormed into Radnor Township’s offices demanding they be part of a proposed plan to change the zoning and subdivision regulations for their small enclave. In October 2008 a scheduled vote on proposed changes that a steering committee of residents crafted was delayed due to concerns by members of the business community that their properties would be negatively affected.
One year later, on Monday night, Radnor’s Board of Commissioners voted to [Read more...]