by Al Heavens
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On the House: Real Estate success storyOnce you scrape away all the doom and gloom associated with today's real estate market, you can, indeed, find a success story or two. Like Doris Pascale's.
She sold her townhouse in Aston, Delaware County, in just 13 days and got her full asking price - $214,900, with a 3 percent seller-assist.
The shock is still wearing off, said Pascale, 54, who is scrambling now to find a new house to trade up to.
That is a problem a lot of sellers in this buyer's market wish they had.
"I love this house, but I've also wanted to buy a single for a long time," Pascale said. "Prices have been dropping for the last year, and this is the time to buy."
Given the time most houses are spending on the market these days, Pascale estimated that the 1,632-square-foot place she bought as a first-timer 17 years ago would linger for five or six months.
When she looked around her neighborhood, she saw a lot of properties like hers for sale, and few buyers.
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| by Dan Kristie |
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West Chester OKs 87 townhomes for Davis Lumber site
WEST CHESTER - Borough Council granted Davis Realty Holdings final approval to build 87 townhomes on the 3.85-acre Davis Lumber site at Franklin and Barnard streets.
But Hunter Davis, who owns the lumberyard, declined to say when construction would begin.
Davis first submitted development plans for the site last summer. The first draft of the plan showed 98 townhomes, but due in part to stormwater issues, the number of residences has been reduced.
Davis' site is one of the few remaining lots in the borough suited to a large-scale housing development. McCool Properties recently received preliminary approval to build 58 townhomes on another such parcel, the former Bishop Shanahan High School site at West Gay and Brandywine streets.
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