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Sales data 2018

Old Forge Crossing saw a light year for sales in 2018; with a total of just 23 sales for these Tredyffrin Easttown condos. Of these sales 19 were one bedroom units including those with and without a den, 4 were two bedroom units and 1 was a townhouse. Sales are shown in the table below, prices quoted are the net price after reducing the sale price with any conessions given. For more information look below the table.

Old Forge Crossing in 2018 was like much of the market and inventory was light. At this entry point in the market there is usually a good supply of buyers and competition with Drummers Lane and Chesterbrook is common. Overall, prices held up very well with prices increasing for units that were prepared for sale and had been updated, these units sell quickly for prices at or very close to asking price.

Ratio of sold price to list price

Sellers were getting on average 96.18% of the listing price.

Price per sq foot

The average square foot price has risen to $193 a square foot. This changes a little depending on the unit, 1 bedrooms price on average at $191 a square foot, 2 bedrooms at $208 a square foot, the town house that sold priced at $173 a square foot.

Median and average prices

The median price for 1 bedroom units was $160,000 and the average price was slightly higher at $160,556.

Median price for 2 bedroom units was $202,000 and the average price was $200,500.

Remember location in thecommunity, and how updated a unit is will affect price.

Nick Vandekar, Tredyffrin Easttown and Main Line Realtor can help you with getting your home ready for sale in Old Forge Crossing or to find a home in this lovely development. Contact Nick Vandekar, Selling The Main Line, with Long & Foster Real Estate Inc., office 610-225-7400, cell or text 610-203-4543, Nick@VandekarTeam.com, website www.OldForgeCrossing.com.

Old Forge Crossing 2017 Sales data

What happened to these Tredyffrin Easttown Condos in 2017?

Since the beginning of the year sales have been brisk in 2018. One home settled that was pending at year end and two homes went under contract and are now pending. One is currently listed for sale a one bed with den for $208,700 in Old Forge Crossing as of this date. Let’s look back on last year.

33 sales, 21 of 1 bed and 11 of 2 bed condos, and 1 town house model over 2 floors with 2 ½ baths.

1 Pending sale of a 1 bed 1 bath unit.

Average overall square foot price $175.24. Although square foot price ranged from $127 to $208 a wide range dependant on many different factors such as location in the development, how updated the unit was and how much competition at the time of selling. Average square foot price for a 1 bed and a 2 bed unit is listed broken out below.

There does not seem to be a difference in price between 1^st and 2^nd floor units, there are buyers for each, some have a preference, some don’t. It may impact slightly but not visible looking at the data.

1 bed units have an average sale price per square foot of $167.55. Remember some of these units may have a den as well.

2 bed units have an average sale price per square foot of $190.16. Remember some of these units may have a den as well.

Average days on market was 41, again this number was impacted by some sales that took a long time and others which sold as soon as they came to market.

Overall sellers got 95.8% of their original asking price and 97% of their last asking price, the price when they received a contract which may have been reduced from the original asking price.

Sales data is gathered from Bright MLS and accuracy is not guaranteed. Previous years Old Forge Crossing sales data is listed below.

History of Old Forge Crossing

Old Forge Crossing, originally an apartment complex that was converted to condos in the 70's it is now a condo development in Devon, PA, well located on N Valley Road, just off Route 202 in Tredyffrin Township and within the Tredyffrin Easttown School district. It consists of some five hundred plus condos, single bedrooms, single bedrooms with a den, two bedrooms with two baths, a few two bedrooms with a den and two baths and some townhouses with two bedrooms and two and a half baths on two floors.

Sales Data

For detailed information on sales in 2016, 2015, 2014, 2013, 2012 and earlier, scroll down to the bottom of the page.

We do it again and again and again! - Many Old Forge Crossing homes recently sold either for or to clients of ours plus we have rented several units for landlord clients. If you want help selling, buying or renting in Old Forge Crossing contact us today.

32 Homes were sold in Old Forge Crossing, Devon in 2016. 22 of these were one bedroom, one bath condos, of which 10 had a den as well. 9 were 2 bedroom 2 bath condos of which 1 also had a den, and one was a town home with 2 bedrooms, 2 ½ baths over two floors. the price per square foot for 1 bedroom units  ranged from $123.15 -$196.13, with an average of $167.73. For 2 bedroom condos the price ranged from $153.72 - $211.11 with an average price per square foot of $184.19.

Price in Old Forge Crossing is determined primarily by condition, those condos with new windows and sliders, updated HVAC systems, updated bathrooms and kitchens fetch the highest prices. Those with dens obtain a slightly higher price if they have been equally updated. Also important is location within the community, there are those units that face parking and are just a short walk, whilst other units are on the rear of a building or face an inner courtyard and require a longer walk, which may give more privacy from the parking lot but be less convenient when carrying shopping. There is also some noise from Valley Forge Road and Route 202 for those units that face or are close to either. The only difference between first and second floor location is that dens are only available in second floor units.

View of the Market

As I mentioned, prices had risen but now seem to be going down, this may be accounted by a large number of units on the market, some being in condition which needs updating and thus sitting on the market a little longer and bringing a lower price. Condos have been selling on average in about 76 days, again quicker sales result from units having been updated and longer sales often being because price was too high intially or the unit needed updating.

Rentals and Leasing

Rental of Old Forge Crossing condos remains strong this year with decent rental returns being obtained by landlords but price obtained not increasing substantially. The one difference we have seen this year is the willingness of tenants to bid on properties offering lower monthly payments for longer terms. The increase of investor owners has moved the development to change their by laws to limit the number of investor owners. Whilst this limit is still a little ways off, it was necessary to protect the FHA approved status and the level of owner occupants for any buyer using a mortgage.

Benefits of living at Old Forge Crossing

Some of the benefits mentioned by clients and customers of Old Forge Crossing are, FHA approved development for easy access to FHA mortgages, the things included in the condo fee, these include gas for hot water, cooking and for the dryer, water, external maintenance, grounds upkeep, tennis courts and swimming pool; also often mentioned is the amount of storage space, how large the rooms are and having your own laundry in your condo and not having to share it with others, a private entrance and mail delivered to your door, lots of parking and walking trails throughout the development and finally but definitely not least the location which as one client put it, "It is just close to everything". That includes Wegmans and Trader Joe's.

Recently featured in The Anvil David Inman the President of the Condominium Association mentioned the following benefits;

• Social Community
• Sound Financial position
• No burdensome frequent special assessments
• Beautiful 40 acre campus
• Private access to Chester Valley Trail
• Accessible on site management staff and maintenance crew

Need Help?

If you need help buying, selling or renting a condo in Old Forge Crossing we have years of experience on both sides of transactions and can help you achieve your goal. Give us a call 610-203-4543 or send an email to Nick@VandekarTeam.com to set up an appointment to discuss your needs. We look forward to helping you.

 
Call us for an appointment to view any of these homes in Old Forge Crossing
or those in Chesterbrook.

 The Clubhouse

 The Pool

 Offices

Old Forge Crossing, Devon, PA 19333 2016 Sales Data

Net price shown is Sold price- any seller concessions

2015 Sales data for Old Forge Crossing

2014 Sales data for Old Forge Crossing

For a full analysis and explanation of this data please read our blog post

Sales for 2013

Below is the sale data for 2013. The year has seen several sales of bank owned, foreclosed and estate properties, which have affected prices overall throughout the development. Where units have been updated and well maintained with newer heaters and air conditioning prices obtained have been relativelty strong. The price shown is net of any seller concessions or assists given and shown in our multiple listing service. Data whilst obtained from Trend Multiple Listing Service is not guaranteed.

Sales for 2012

Sales data for 2012 with net price shown which is the final sales price less any seller concession.

Sales for 2011

Sales data for 2011 with net price shown, that is sold price less any concessions plus price per sq foot with averages for one and two bedroom units.

Sales for 2010

Sales Data for 2010 with net price shown, sales price less any disclosed seller concessions.

Address                     Bed    Bath   Net Sales price

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One bedroom units seem to be selling in the $140-150,000's for
listing and settlement price. Only units that have been upgraded
or have dens are doing better. Two bedroom units have also
seen prices coming down.

In 2009 23 homes sold, 5 2 bedrooms, 5 1 plus dens and
13 1 bedroom homes. See the information below for price history.
There were 18 homes sold in 2008 fewer than the previous few
years with 3 additional homes showing as pending and settling in
the first three weeks of Janaury 2009, 24 homes sold in 2007,
26 less than in 2006 days on market has been all over the place this
year with buyers wanting homes that are ready to move into without
problems.

To see recent sales go to the bottom of the page.

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in Old forge Crossing,
don't you want to use the #1 Agent to sell your home.

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use an agent with experience of the community,
we can act on your behalf as a buyer's agent as well,
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If you have questions about other local real estate or would like us to
prepare a no-cost competitive market analysis of your home, please
don’t hesitate to contact us.
Call 610-203-4543 to set up an appointment
and find how much your home is worth.
When the timing is right, we’d love to put our knowledge
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Nick Vandekar                             Trudy Vandekar
610-203-4543                             610-203-4545 Nick@VandekarTeam.com    Trudy@VandekarTeam.com

Read our blog 

Recent sales and some active listings are identified below.

   The Club house and Offices.

There are 3 tennis courts

. A tranquil duck pond.
 A view of the swimming pool.

2010 Sales Information

Amounts shown on the right are concessions given by seller.
Settled price does not reflect this concession.

2009 Sale information