The most & least expensive homes that sold in Montgomery County in October were both bought with cash. Just like Chester County – see my blog from Nov 3rd. It’s a similar scenario. The most expensive home was an estate that sold for $2.6 million and the least expensive was a mobile home that sold for $20,500. Let’s take a look at the 2 homes:
Most Expensive Home: 3080 Paper Mill Rd, Huntingdon Valley, Pa 19006 sold for $2,600,000 for cash on Oct 26th. It is only 7 years old and the square footage is listed as 13,923 SF. It has 5 acres and also backs up to an 800 acre preserve. Some features of the home include french limestone flooring, gourmet kitchen, massage room, wine tasting room & complete fitness center. It has 7 zones for heating and cooling – WOW!
Least Expensive Home: 3 W Adair Dr, Norristown, PA 19403 sold for $20,500 for cash on Oct 31st. It is a mobile home that is 27 years old with yearly taxes of only $258 and a monthly lot rent of $470-there’s not much information on what is included in that fee. It is 784 SF and has 2 bedrooms and 1 bath.
In all of Montgomery County in the month of October 840 homes in total settled through real estate agents. The average sold price was $329,387. The average days on the market was 63 days. 526 were single family homes. 256 were twins or townhomes. 49 were condos. 10 were mobile homes. 32 were foreclosures (that seems high at 3.8%). 11 were short sales. 39 were in 55 and over communities. 64 were new construction. 165 has pools (that includes if there is a community or above ground pool).