For years my colleagues and I have argued over which is more valuable, desirable and in more demand…. Packer Park homes located on one of its historic and scenic Cul-de-sac’s or a Packer Park home that sits on a wide and bright main street in the neighborhood like 17th or 18th….? They both have their advantages….
We have done our research and compiled data to settle the age old packer park debate.. Cul-de-sac or main streets in Packer Park….
Here is how we arrived at the conclusion. We evaluated every 2-story Packer Park home that has sold and settled in the last 2 years- located east of 20th street. We did not include fixer uppers, only above average condition to excellent condition homes.
All of the homes had private parking or the ability to make their yard a parking spot. All of the homes had central air and all but one of the homes was 1152 square feet.
The results are as follows:
Since there are many more main street homes than cul-de-sac homes in Packer Park, the number of main street sales was more than double the number of cul-de-sac home sales over the two year period examined in our evaluation.
SALE PRICE: The average sale price for the cul-de-sac homes was $336,000. The average sale price for the main street homes was $320,000. (close to a 5% difference)
PRICE PER SQUARE FOOT: The average price per square foot for the cul-de-sac homes was $291 per sq’. The average price per square foot for the main street homes was $277 per sq’.
DAYS ON MARKET: Average days on market for the cul-de-sac homes was 222. Average days on market for the main street homes was 82. A HUGE difference!!!
What do these numbers mean??? Stay tuned for our follow up Blog Post on this topic…Jim Onesti Prudential Fox & Roach Realtors 215-440-2052