Hopewell Neighborhood
East Brandywine Township

Neighborhood Study

 




 

Hopewell               

Study Period 

# Resale
Units Sold
Median
Sale Price
Median

Property
Marketing
Period

  # New
Construction
Units Sold
  


Median
Sale Price 

Median
Property
Marketing
Period
 
8/1/04 - 7/31/05  $409,000  23 days    $434.230  76 days
8/1/05 - 7/31/06  10  $472,500  94 days    $596.434  372 days 
8/1/06 - 7/31/07  $452,000  22 days       
8/1/07 - 7/31/08  $499,000  132 days      
8/1/08 - 7/31/09  $397,000  198 days       
8/1/09 - 7/31/10  $430,000  45 days       
               


Median sale prices of resale properties have varied considerably during the study perod.  Overall
sale prices have increased $21,000 (5.1%) from the commencement to the end of the period.  The
slower markets of August 2007 to August 2009 have been replaced by a more vibrant market,
with homes typiclly selling in less than two months.

For a personal, no obligation consultation about your Hopewell home or if you have
interest in purchasing a home in Hopewell, click here.

To see what is currently on the market in Hopewell, click here.