Radnor School District Home Sales 2016

Radnor School District Real Estate summary 2016

Strong demand for residential real estate in Radnor School District continues in 2016. See statistics and relevant graphs at the following link:

Radnor School District Real Estate Statistics 2016

Sales Breakdown by Property Type

Single/detached: 267
Twins/semi-detached: 26
Townhouses: 18
Unit/Flat: 35

Sales breakdown by Property Category

Condominiums (usually unit/flat): 48
Properties with Homeowner's Association (usually townhouses): 50
Other (usually singles and twins): 238
New Construction (could be of any type): 8

At the time of this post, there are 110 properties for sale in the township, less than 4 months supply given that approximately 28 properties sold per month in 2016. The less-than-6-months inventory and the 6.9% rise in average prices to roughly $694k make this a seller's market. This is a theme in most of the school districts and towns that I cover. The fact that more properties were listed in 2016 than 2015 by about 3% gives one hope that more properties are coming to market to meet the growing demand.

2 - 3% of sales were new construction, all single homes. These homes were built on existing lots in established neighborhoods, rather than new developments.

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