Malvern Real Estate
Malvern, like many other communities in western Philadelphia, has become well known for its quiet atmosphere and comfortable real estate. It is best known as part of the Main Line, which the Pennsylvania Railroad built in the 1800s linking the townships of the area. Malvern was originally the last stop on the line, though several additional stops have been added in the years since. It is a very small community, with a population of about 3,000 and excellent schools and other facilities. Its Halloween and Memorial Day parades are well known in the area, and the easy commute into Philadelphia makes homes in Malvern an attractive purchase.
Real Estate Prices in Malvern are Holding Steady
The sub-prime mortgage fallout hit Philadelphia much like other major Northeastern cities in 2006 and 2007. The area is only just beginning to recover, but the future outlook is very strong. There is still more real estate for sale than there are buyers, which allows those who purchase homes to dictate excellent terms. Low interest rates in the area help as well, as does an optimistic future for Philadelphia’s job market (growth is expected to exceed the national average in the next five years). For Malvern and other communities along the Main Line, that means additional benefits to their real estate, since prices in that area have always been steady and continue to appreciate well. Homes in the Malvern area are selling for about 94% of their asking price, and move within 90 to 100 days.
The offices of Sage Realty specialize in Malvern homes and real estate in other areas along the Main Line.