There Were 51 Single Homes Sold In Swarthmore In 2012
The year 2012 saw 79 new homeowners in Swarthmore, with single detached homes accounting for 51 of the homes sold during the year, which translates into 65% of the market. Condos were the next most popular home type with 20 sales, followed by 6 twin homes, and 2 town homes.
Colonials were the most prevalent style with 30 of the 51 singles sold, with Cape Cods being the next most popular. A single home sold in Swarthmore during 2012 had an average of 2,521 square feet of living space and had 4.1 bedrooms and 2.09 full bathrooms.
The “average” Swarthmore home sold during the year had 3,54 bedrooms, 2,112 square feet of interior space and 1.96 bathrooms.
A majority of homes had fireplaces – 52, with 44 having 1 fireplace, 5 having 2, and 3 with 3 or more hearths. On the cooler side of the equation 55 homes sold had central air, which also matches the number of homes with basements.
Gas was the predominant heating source, present in 59 homes, and it also led in the kitchen with 55 homes utilizing gas for cooking. The average age for a home sold in Swarthmore during the year was 65.6 years.
Average taxes came in at $9,805, and it was on the market for 96 days before going under contract.
Foreclosures accounted for 2 of the sales for the year 2012, which at 2.5% of sales is lower than the averages for the county. Interestingly there were no short sales reported among the homes sold.
Pricing:
The $300,000 to $400,00 price range saw the most activity for the year with 18 sales, accounting for 22.7% of the market, the $200,000 to $300,000 range was the second most active for the year with 16 sales in that category.
Mid Range Homes Accounted For 43% Of Sales In 2012
Swarthmore Single Home Sales – 51 Homes – 2012
| Avg Price | Median Price | Low | High | Days Listed |
| $433,065 | $400,000 | $128,000 | $850,000 | 91 |
Swarthmore Condominium Sales – 20 Homes – 2012
| Avg Price | Median Price | Low | High | Days Listed |
| $131,610 | $110,000 | $68,620 | $250,000 | 132 |
Swarthmore Twin Home Sales – 6 Homes – 2012
| Avg Price | Median Price | Low | High | Days Listed |
| $265,083 | $264,750 | $191,000 | $325,000 | 50 |
Swarthmore Townhouse Sales – 2 Homes – 2012
| Avg Price | Median Price | Low | High | Days Listed |
| $305,000 | $305,000 | $305,000 | $305,000 | 17 |
The year 2012 saw an increase in sales over 2011 of 23 home, up to 79 from the 2011’s total of 56. The average price declined from 2011’s $436,566 to $340,747, with a corresponding decline in the median price from $365,000 in 2011 to $310,000 in 2012.
A note on 2011 vs 2012 year comparisons. In 2011 condominium sales accounted for 6 of the 56 homes sold, amounting to 10.7% of sales. In 2012 the condominium market experienced a resurgence with 20 condominiums being sold, translating into just over 25% of the market. With 2012’s average condo price standing at $131,000, the conclusion can be drawn that the decrease in average selling price was influenced in large part due to this fact.
