The nation's largest homebuilder said Thursday that it has opened a new residential community about 33 miles northwest of Philadelphia.
Homes inside Toll Brothers' Canterbury Meadows community in Royersford, Pennsylvania, range from four to five bedrooms and three-and-a-half to five-and-a-half bathrooms. The two-story homes, priced at $1.02 million, are between 3,029 square feet and 3,677-plus square feet. The properties come with two-car garages and finished basements, the Pennsylvania-based homebuilder said.
New residents will enjoy living at Canterbury in part because it offers "the ideal mix of luxury living and convenient access to some of the area's finest dining, shopping and recreation destinations," John Dean, Toll Brothers division president, said in a statement.
Dean and other company officials noted that living in Canterbury also gives residents nearby access to outdoor activities at Anderson Farm Park and Evansburg State Park — both in Collegeville — or Limerick Community Park in Royersford.
Potential residents can customize and have a new home built on Canterbury Meadows land, but a few homes are already pre-built and awaiting new owners — including two on Wildflower Way.
Canterbury Meadows is one of seven communities Toll Brothers has in Montgomery County, Pennsylvania.
Royersford is a small suburban town along the Schuylkill River, where Federal, Greek Revival and Victorian-style homes dominate the landscape. Incorporated in 1879, Royersford started as an iron and manufacturing hub but has now become a go-to spot for filming horror movies. Parts of the 1958 indie horror film the "Blob" and 2015 horror "The Visit" were shot in Royersford.
Homes in the area sold for a median of $730,000 as of November, according to Tri-County Suburban Realtors.
The launch of Canterbury Meadows is part of an inventory uptick Pennsylvania has seen all year. The number of homes available for sale reached a three-year high in the Keystone State in July alone, the Pennsylvania Association of Realtors said. Listings have grown from 29,038 in January to 43,616 in October, according to the group's latest tally.
"As new listings tick upward, it helps to balance the market, and a balanced market benefits both buyers and sellers," Century 21 Advantage Gold agent Bill Lublin, the association's president, said in a statement last month. "Sellers see consistent demand, and buyers have more opportunities to find the right home."