Devon Real Estate
Devon has a population of about 5,000 and boasts homes in the area at a bit of a premium. It lies along the Main Line, a series of West Philly communities that were established when the Pennsylvania Railroad ran its tracks through the region in the 19th century. Thanks to the foresight of William Penn, the Main Line makes excellent use of the surrounding landscape.
Devon real estate thus reflects beauty and serenity, which has helped keep home prices there stable during the recent economic turbulence. The average household income is about $75,000 a year, placing Devon real estate in a modestly affluent territory. Its quiet streets contain an air of historical charm about them, and Devon hosts a regional horse show every year, which remains its principle claim to fame.
“…Its status along the Main Line means that access to Philly is quite rapid, making Devon real estate an attractive option for commuters.”
Real Estate Agents Who Are Also Attorneys Can Help Simplify the Search for Devon Real Estate
Sales on homes in Devon have been sluggish, but prices remain resilient. Devon real estate tends to sell for about 95 to 98 percent of the list price, and houses move within about 10 weeks of being placed on the market. The trends favor buyers as the market begins to come back from the sub-prime crisis of the past few years. Interest rates are low, but rising, and home prices in Devon look to appreciate at an impressive rate in the next five years. The real estate agents (some of whom are also attorneys) at Sage Realty work to find homes in Main Line communities such as Devon.