Wouldn’t it be great if the local economy was staring to turn the corner? There is some positive news on the local real estate front. John Flanagan, realtor with Long & Foster, Devon shares this bit of real estate good news:

Tredyffrin and Easttown Township Real Estate Up 23% in First Quarter

Tredyffrin and Easttown townships have seen a steep increase in the average sales price in the first quarter of 2010 compared to the same period of 2009. The average home sold for $530,799 from January through March this year — a 23% increase over the average price of $409,115 in 2009. The average asking price also increased from $600,881 last year to $627,246 this year. It is taking longer to sell a house this year, 84 days on average as compared to 63 days last year. The Spring marker looks to be positive as well as 128 houses are currently pending settlement vs. 98 last year.