As an agent with an office located in Chestnut Hill and a resident myself, I can say with confidence that it's a good time to sell. Your property, presumably on Roanoke, has the benefit of being two blocks from the center of Chestnut Hill and across from the area's most popular park. Beyond that, it would be helpful to know more about your particular house which we can discuss "offline." It is always tempting to wait for a "better time" in the hopes that the market will yield even better results, but interest rates are still low, reports indicate we have just started to enter a sellers market, and spring is always the best season in which to sell. I am happy to meet with you if you're interested.
The best answer I can give you is, it depends. I too live in Northwest Philadelphia (Roxborough to be specific) and know that values throughout Philadelphia can vary greatly. The Rox/Myk sections have lost some value during this recession, but not much. Since Chestnut Hill is technically considered a higher-end market (it's more expensive than others on average), values may have dropped more.
The best way for you to understand what your home is worth and does it make sense to sell is to sit down with a licensed real estate professional and go over your goals. Although you may not get as much as you had hoped from this property if you sold it today, please remember that you will be getting your new property for less as well; it's a trade-off that many homeowners overlook.
If there's anything I can do to help, please let me know.
Lots of luck to you!
Timothy M. Garrity | Brown McKinney Real Estate Co.
Real Estate Professional & Consultant
firstname.lastname@example.org Email| http://www.brownmckinney.com/tim Website
215-825-2250 x 1007 Office | 267-879-2716 Mobile | 267-519-5490 Fax
I am at Pastorious every morning! The values in Chestnut Hill are down looking back as far as 2 years ago.. If you would like to set some time up, I can provide a detailed market analysis of your home. (I live in the area)
Prudential Fox and Roach