Although its name evokes a country lifestyle where big bowls of ice cream are served for dessert, Blue Bell, Pennsylvania is actually located in Montgomery County, part of the Philadelphia, Pennsylvania-New Jersey metropolitan area, and doesn't have an ice cream factory in sight.
"Rte. 202 and Rte. 73 crisscross Whitpain," explains Realtor Jacky Mitchell. "Access to the Blue Rte. (Rte.476), connecting Rte.95 with Montgomery County, the Pennsylvania Turnpike, and Rte 76 to Philadelphia, is five minutes from Blue Bell. Other major transportation arteries are Rte. 309 and the Pennsylvania Turnpike. All major transportation arteries are minutes from the heart of Blue Bell."
She says, "Blue Bell is located in the heart of 300-year-old Whitpain Township. There are 400 acres of open space and parkland making Whitpain one of the premiere areas of Montgomery County. Homes consist of 300-year-old colonials to one or two-year-old homes. Wissachickon School District is an award winning district, with many progressive programs. On a scale of 1 to 10, residents give their neighborhoods a resounding ten."
Advises Mitchell, "Whitpain is a hot market for home sales. In May and early June, 2003, the average home sale was $393,300. The maximum sold price reached $ 900,000. The market is expected to remain strong in Blue Bell and Whitpain for summer, and into the fall market. A shortage of homes on the market has made this a strong seller's market. Lower interest rates have brought more buyers to the market."
Says Realtor Joann Scaduto, "There were 60 residential units listed in Whitpain and Lower Gwynedd townships in June, with 43 sold units. The average sold/settled price was $429,199 with the highest sold price at $825,000."
She says, "Long-term rates on home loans also will remain low if the inflation rate remains under control. This should continue to stimulate the housing sector and help to provide a solid base for the U.S. economy. Interest rates for 30-year mortgages are extremely low - below 6 percent. The 30-year fixed mortgage interest rate will rise gradually from an average of 5.9 percent to 6.5 percent by the end of the year, predicts the NAR."
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Published: July 7, 2003
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