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Old 01-11-2008, 01:45 PM
 
Location: Richmond, VA
2,306 posts, read 1,502,640 times
Reputation: 962

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YOu can get a new townhome in chester county for that price. also, i know of a nice single family in montgomery county that is for sale and i could send you the link-it is a friend and they have done a lot of work and it is priced under $300K
good luck.
oh, and I almost forgot, Ryan homes in building new single family homes for under $300K in East Coventry, the community is called Coventry Glen. We lived there and liked it. My husband commuted to Conshy for work and it wasn't that bad. Exton is 15 miles away, and King of Prussia is a 20 minute drive from there.
ALSO, you may want to check out ROyersford and Collegeville. They are very nice and are located close to 422.
the prices in that area are coming down and all that I mentioned are either Chester COunty or borderline Chester/Montogomery. Owen J ROberts has a fabulous school system and that is what you would get in Coventry Glen with the RYan home...go to RYan website and look at the plans...small, but nice.
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Old 01-25-2008, 01:42 PM
 
14 posts, read 44,177 times
Reputation: 16
Quote:
Further out, in pottstown, up 476 as you go closer to allentown, and west in the downingtown area is where you will get what you are looking for. Unfortunately these are aslo the worst hit because of the extra houses, very very high foreclosure rates, so owning a home there is financially not sound.
Very high foreclosure rates does not mean owning a home in these areas is not financially sound...that makes no sense. If you can afford your mortgage, than it is very financially sound to buy. Just because people entered into mortgages they couldn't afford and forclosed, does not mean you can not buy houses in Downingtown and Pottstown.
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Old 01-27-2008, 06:13 AM
 
27 posts, read 97,181 times
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Originally Posted by vjc09 View Post
Very high foreclosure rates does not mean owning a home in these areas is not financially sound...that makes no sense. If you can afford your mortgage, than it is very financially sound to buy. Just because people entered into mortgages they couldn't afford and forclosed, does not mean you can not buy houses in Downingtown and Pottstown.

Good values can be found in areas with high inventory due to foreclosures. However, it can also be a disaster waiting to happen. Before you buy in one of these areas, make sure that you understand why there are so many foreclosures centered around that geographic location, as opposed to a town down the road a piece that isn't suffering from the same. Further, understand what it will take to reverse the situation, and get some understanding of a time frame for the correction.

Unless you see a good likelihood that the correction will happen in a reasonable time frame, look elsewhere. You do not want to be forced to put your purchase back into a high inventory market. When we are transfered or go through a divorce, we can't always control when we put our house up for sale. Your "good value" may very well translate into someone else's "bargain" that way.
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Old 01-27-2008, 05:19 PM
 
Location: Villanova Pa.
4,910 posts, read 12,771,485 times
Reputation: 2635
In '07, home sales in U.S. fell 12.8% | Philadelphia Inquirer | 01/25/2008 (broken link)


Good article on the 2007 housing market Nationally + Philaldephia area wise.

National home sales declined 12.8% in 2007. Philadlephia area sales dropped 11%.

National home prices declined 1.4%. Philadelphia area increased 1.8%.

Delaware County had the biggest jump as prices increased 8.1%.

Avg. days for a house to be on the market 65 days -up from 54 days in 2006.
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