The most expensive home and the least expensive home that sold in Chester County in October were both bought with cash. The most expensive was $3 Million and the least expensive was $9,000. Let’s take a look at the 2 homes.
Most Expensive: According to our MLS this was the most expensive home to sell in Chester County in October for $3,000,000. 137 Jaffrey Rd, Malvern, PA 19355 is 109 year old classic stone colonial and has 8.8 acres. Yearly property taxes are $29,725. It had been on the market for sale since June of 2015 and they originally were asking for $3,950,000. It is located in Willistown township which is known for it’s protected open space.
Least Expensive: 23 Pawnee Ln, Honey Brook, PA 19344 sold for $9,000 cash. It is a mobile home that is 30 years old and the monthly fees are $464/mo. and that covers the community pool, trash, water, sewer and trash removal. The yearly property taxes are $509 ($29,216 less than 137 Jaffrey Rd). It was listed for $10,000 on Aug 30, 2016 so it sold pretty quickly. It is located in Honey Brook which is about halfway between Philadelphia and Lancaster with lots of open space and beautiful farms.
In all of Chester County in the month of October 567 homes in total settled through real estate agents. The average sold price was $373,213. The average days on the market was 63 days. 377 were single family homes. 167 were twins or townhomes. 17 were condos. 6 were mobile homes. 21 were foreclosures (that seems high at 3.7%). 10 were short sales. 25 were in 55 and over communities. 48 were new construction. 147 has pools (that includes if there is a community or above ground pool).
Stay tuned…I’ll analyze other counties in the Philly suburbs in my 30 day Blog Challenge!