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Annual Home Sales Spike in Lower Merion, Narberth and Region

Prudential Fox & Roach compared statistics for 2012 to the three previous years.

Home sales in 2012 increased in Lower Merion and Narberth as well as in Montgomery County and southeastern Pennsylvania, according to a report from the real estate company Prudential Fox & Roach.

The company's statistics show the following:

Lower Merion

The township saw 765 home sales last year, up 22 percent from the 627 sales in 2011. The figure also represented a 33 percent increase over the 574 sales of 2009.

The median sale price ticked up, too, from $470,000 in 2011 to $497,000 in 2012.

Narberth

The borough had 55 sales in 2012, up 25 percent from 2011's 44 sales. Both figures still are well short of the 102 sales seen in 2009.

Narberth's median home sale price increased year to year from $355,000 to $380,000.

Montgomery County

After two years of declines, MontCo saw a real estate resurgence in 2012 with 8,212 home sales, up 17 percent from the 7,011 sales in 2011. The county's previous sales figures were 7,343 in 2010 and 7,912 in 2009.

The county's median sale price of $245,000 did not change from 2011 to 2012.

Southeastern Pennsylvania

Bucks, Chester, Delaware, Montgomery and Philadelphia counties combined had 35,894 home sales in 2012, up 14.5 percent from 2011. The total was just below 2009's total of 35,918.

The area's median sale price crept up from $213,000 in 2011 to $218,000 in 2012. Countywide medians were lower than than figure in Philadelphia and Delaware counties but higher in Bucks, Chester and Montgomery counties.

What's your reaction to these annual real estate figures? Please tell us in the comments section below.

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