Why is it that nobody really likes splits. I do. I live in one. And have lived in one for 9 years. We have quite a few of them in our area, so I guess people like them to a degree, but I always feel, given half a chance they would move out of them in a heart beat. Splits are always price a little lower then if the same house with the same amenities were a colonial. A very nice and large extended split just came on in our area for $715,000. It has a beautiful large 2 story kitchen family room extension, but its still a split. That's a lot of money for a split. I say that, because I'm "trained" to think that way. When Nick and I came to the US 20 years ago and looked at houses on the Mainline, we looked at a few splits. I loved them! They're so American. So apple pie. So homey. So approac... 04/18/2011

Chesterbrook, PA Over the last three months, closing out the end of 2010 sales in Chesterbrook have been slower than normal. 9 Townhomes sold and 10 apartments sold over this period. Interestingly, the price per sq foot for both came to $142, however the townhomes gained a little more in ratio to their asking prices at 96% of asking price whilst apartments reached 93%. This implies there is a little more interest in the townhomes than apartments. Garages in the townhomes did not affect price significantly, which in the past those with a garage obtained higher prices. Currently there are 12 townhomes on the market, of these 1 is under offer and 7 more are pending. There are 11 apartments for sale, with 4 of these under agreement and 3 more pending as well. This implies that the market se... 02/15/2011

This single in Radnor has everything you want: 645 Twin Bridge Rd Radnor, PA 19087 Single Family Home in Radnor, Pennsylvania Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Maureen Salomon Daytime:610-995-0332 Price : $579,000 Bedrooms : 4 Bathrooms : 2 Square Foot : 2,233 Lot Size : 0 County : Chester Property Type : FSBO click for more information and pictures Property Description Nestled into the woods, this one of kind lovely architectural gem is loaded with modern amenities and convenience. 4 bedrooms and 2 baths on 2 levels provide ample space for growing families or modern couples. Attached 2 car garage. Located in the coveted Tredyffrin Panhandle, home of the best schools in the nation, we have access to King of Prussia and Wayne and all maj... 02/05/2011

Every month T/E School District Sales are about 20-25 for homes priced above $400,000, in December we saw a big drop off, about 50% or more to just 11 settled sales. Since the beginning of the year we have noticed more customers out there looking for homes, and hopefully we will see a step up in pending and settled sales in the momths to come. This weather has definitely not helped, although I think anyone looking right now is obviously serious. Atr the same time, there seems to be a large number of sellers wondering if now is the time to consider putting their home on the market with the Spring approaching, allowing them to downsize or move to a different location. Our market absorption is about 6 months right now, a balanced level between buyers and sellers, with a market that is acti... 02/05/2011

Main Line Real Estate: Tredyffrin Township Market Report 2nd half 2010 Prices per square foot had dropped in the first half of the year from $213 per square foot to $205, these have risen slightly now to $209, based on 110 home sales in the second half of the year. Days on market were an average of 73 or 92 if relists are removed from the equation, typical numbers for this current market. Prices realized were 96.7% of asking price on the last listed price a very good statistic considering this market. Townhome prices for the Tredyffrin Township Market Report have been very stable based on the 32 recorded sales in the last half of the year at $156 per square foot seeing no change, prices realized were also good at 96% of asking price with the days on market averaging 69/79 depending on w... 01/12/2011

Landmark in Chesterbrook, PA This is another well placed development in Chesterbrook with several homes backing up to woods and Open Space with access to the trail system that contains over 7 miles of trails and gives access to Valley Forge National Park. These homes have a New England feel and have two, three and four bedrooms with garages, several have walk out lower levels. end units with wrap around decks give the feel of much larger homes. There are two roads in here, Newport Drive and Wellfleet Lane. Size varies from 1900 to 2500 square feet and prices have ranged from the low $300,000's to low $400,000's over the last two years. There have been a few homes in this development in the last year but they are few and far between. A 2 bedroom home sold for $320,000 in November of last... 08/04/2010

  Main Street Village Whilst I love the homes in Main Street Village in Chesterbrook, PA, they are Victorian in style, spacious and well liked by owners. Here location is everything. This development is situated very close to the PA turnpike and the noise can be loud depending exactly where you are situated, especially with the proposed widening of the turnpike. The homes offer a large variety of floor plans with two, three and four bedroom homes available, size ranges from about 1800 to 3000 square feet and prices over the last 24 months have ranged from $300,000 to $389,900, whilst there are 22 homes for sale in Chesterbrook as I write, none are available in Main Street Village. Several of these homes have garages, a big plus in Chesterbrook where many townhomes have shared parking, ... 07/30/2010

Wilson Farm Park in Chesterbrook in Tredyffrin is the site of the Tredyffrin Concert Series. This week The Mango Men will play on July 29th. You can call 610-408-3626 if the weather looks like it may cause a cancellation. This is a great place to enjoy some good music, a lot of fun and the warm weather. Video of the last concert. 07/27/2010

Bradford Hills  Bradford Hills development in Chesterbrook consists of about 120 townhomes offering three, and four bedrooms. Several of the homes back up to Open Space. There is a condominium association that is run by a management association that takes care of outside maintenance, landscaping and common areas. Homes range in size from about 1,800 to 3,000 sq feet, with several different floor plans, some homes also have finished walk out lower levels. Many of the streets have military or revolutionary names, such as Constitution Ct. and Reveille Rd. Homes are typically selling for the low to mid $ 300's in here at the moment depending on size and amenities. These homes do not have garages but there is ample shared parking. Bradford Crossing Woodstream Drive in Bradford Crossing has a... 07/26/2010

The first time home buyers $8000 tax credit was extended on Nov. 6. While most requirements concerning the tax credit remained the same, some changes were made. All the changes will apply to those settling on their primary residence after Nov. 6. 1. Date Extended to April 30, 2010 The first time home buyers $8000 tax credit was extended to cover primary residences that settle by April 30, 2010. With the new law, if you have a primary residence under contract by April 30, 2010 then you can still qualify as long as you settle before July 1, 2010. First time home buyers are still defined as buyers who have not owned a home within the last three years. 2. A Tax Credit is Available for Current Home Owners If you have lived in a primary residence consecutively for the last five out of the eig... 11/15/2009

First Time Home Buyer Credit Cliff Hanger .  .  .  To Be Continued! The Senate is working on approving  The First Time Home Buyer Tax Credit Extension. Part of the proposal is to Expand The Home Buyers Credit for existing home sellers/home buyers but so far there is no Senate Vote. Possibly next week there may be a vote ready to go to the House and from there who knows? From Soap Operas like Days of Our Lives  (”tune in tomorrow for the next exciting episode”), to Dallas, we’re drawn to cliff hangers. Who didn’t tune in  to find out, Who Shot JR? Remembering Saturday afternoon at the movies…return on deposit money pennies were saved from collecting empty Coke bottles, and then spent on Saturday afternoon movie adventures. We were transported by the story, as only children can be, until ... 10/30/2009

Mops, Sponges and The Months Supply of Inventory The Third Quarter Tredyffrin Real Estate Absorption Rate is looking more like a normal real estate market instead of one drowning in inventory. Some months I have felt like I needed a huge mop to soak up the excess inventory. And in some markets that’s still the image that resonates. But here in Tredyffrin Township for the Third Quarter Real Estate Market, we’re showing signs of recovery. The months supply of inventory is down to 5.6 months. See Main Line Pa Today to read more about the Absorption Rate and Months Supply of Inventory in Tredyffrin Township Third Quarter 2009: Tredyffrin Third Quarter Real Estate Absorption 10/21/2009

Good New For The Tredyffrin Real Estate Market? Should I take my Listing off the market for the holidays? As the Market Dynamics for Tredyffrin Township show, all of the Median Price indicators are down for September 2009 as compared to September 2008 and September 2007. While it’s painful to write that all of the Median Price indicators are down, we could view these statistics as a positive indicator.   See Main Line Pa Today for information about Tredyffrin Township third quarter September 2009 Market:   Tredyffrin Real Estate September 09 Market Report 10/19/2009

I had the privilege today to present Candidate Sean Moir with a check from SERPAC in support of his campaign to be elected as Tredyffrin Township Supervisor. Sean has been vocal in his support in Preserving Resources, Stream Restoration at Crabby Creek, Sidewalk improvements in the Tredyffrin Township and has served on several committees. for more information visit www.SeanMoir.org and remember to vote on November 3rd 2009. 10/09/2009

Reverse Mortgages are very appealing to older home owners on Philadelphia’s Main Line as well as in other areas of the United States during these hard economic times. A reverse mortgage is basically when a lender gives you a cash advance on the equity you have in your home. You don’t have to pay back the advance until you either sell the home or die. However, there are several things you should be aware of before getting a reverse mortgage, such as: 1. How much money will you actually be able to borrow? There is a maximum home value which was just raised from $417,000 to $625,500, although you can’t obtain a reverse mortgage for the full value of your home. A formula is used to determine how much you can borrow. This formula takes into consideration how old you are (the older you are th... 10/08/2009

Judy Peterson’s 15 Must Have iPhone Apps For Real Estate So here I am now 4 months into in-tech love with my iPhone. I keep rewriting this post about how wonderful the iPhone is for Real Estate Agents. And the reason for the constant editing is that it seems that every day I find another great App that comes onto the market that’s helpful to Realtors® in the daily practice of real estate. See Main Line Pa Today for more iPhone Apps for real estate and for how to do an iPhone screen capture: iPhone 15 Must Have Apps For Real Estate Agents 10/06/2009

There are no shortage of opinions about our current real estate market. Just about everyone has become a real estate prognosticator. I will say that I’ve never seen anything quite like this market in my 18 years as a Realtor.  More than usual, the Buyers and Sellers appear to be marching to the beat of a different drummer. This is apparent in the disconnect between the August increase in the Median For Sale Price and the drop in the Median Sold Price and Under Contract Price. From the 5% median For Sale price increase of $439,900 over the August 2007 Median For Sale Price of $419,500 to the 6% Median Sold price drop ($435,000) in August 2009 as compared to August 2007 Median Sold Price ($462,450), it appears that, at least here in Tredyffrin Township, Buyers and Sellers perceive the mar... 10/03/2009

Money magazine had a great article on credit in its September issue. Many people on the Main Line, who are interested in real estate, ask me if it is hard to get a loan these days and the answer is “no” if you have a good credit score. What is a good credit score and how can you keep it high? FICO is the most used credit rating system. The top score is 850 and the lowest is 300. “You need a 750 or better today to have the same treatment you got with a 700 two years ago,” says John Ulzheimer, president of consumer education at www.Credit.com. The higher your score the better the interest rate you are able to obtain for a mortgage. To achieve the best rate, you need to do the following: 1. Know your score. You have three FICO scores based on the information at the three credit bureaus: Ex... 09/14/2009

Saturday September 19th between 12 noon and 5pm (rain or shine). Mark your calendars for the annual tour of historic homes in Tredyffrin Township. The  5th Annual Historic House Tour Ticket  Order Form can be used if you like to mail your check or you can order your Tour Tickets online at the Tredyffrin  History website. Highlights for The Tredyffrin 5th Annual Historic House Tour will Read more about th Tredyffrin Historic House Tour at Main Line Pa Today: Tredyffrin 5th Annual House Tour Historic Preservation Trust 09/10/2009

 The Truth In Lending Act of 1968 (TILA 1968), also known as Regulation Z was designed to protect consumers by requiring full disclosure of all lending fees to a potential buyer prior to purchase and settlement. How Will Amended Regulation Z Changes Affect Buyers and Sellers?  Regulation Z has recently been amended, and will apply to loan applications filed on or after July 30, 2009. It’s a law and a fairly complex one at that. I included the full amended link here.The tiny print just reminds me to get my eyes checked. “Say What?” is a fairly common response to the question of, “How are you preparing to respond to the new provisions of Reg Z? For more about how to advise Buyers and Selllers about the new lending provisons of Regulation Z in the Truth In Lending Law see MainLinePaToday R... 09/02/2009