Swarthmore Real Estate – August 17, 2015 To August 23, 2015

Swarthmore Real Estate - Swarthmore PA - Real Estate Market Update

A weekly review of recently sold homes in Swarthmore PA and current market statistics.

There are 27 homes listed for sale in Swarthmore on August 26, 2015. No settlements are scheduled for this week.

College towns are often viewed as stable real estate investments, but how far your money goes can fluctuate greatly in some areas. Realtor.com® recently ranked more than 300 college towns by median home price to come up with the most expensive and least expensive places to live. Realtor.com® considered a “college town” where student residents number more than 5,000 and make up more than 20 percent of the town’s total population.

Realtor.com® found the following markets to be the most affordable college towns:

1. Munice, IN – Median home price: $77,900

2. Charleston, IL – Median home price: $81,500

3. Macomb, IL – Median home price: $100,900

4. Kirksville, MO – Median home price: $109,900

5. Big Rapids, MI – Median home price: $114,000

On the other hand, the following 5 college towns topped realtor.com®’s rankings as the most expensive:

1. Berkley, CA – Median home price: $849,000

2. Santa Cruz, CA – Median home price: $814,000

3. Boulder, CO – Median home price: $789,000

4. San Luis Obispo, CA – Median home price: $690,000

5. Cambridge, MA – Median home price: $685,000

How does the median home price in Swarthmore compare with these other college towns? The median selling price in Swarthmore year to date is $400,000.

Swarthmore Market Snapshot – 23 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$384,004 $354,900 $85,000 $998,000 165
Single/Twin Market Snapshot – 16 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$486,518 $423,995 $299,900 $998,000 150
Condo/Townhouse Market Snapshot – 7 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$149,686 $119,500 $85,000 $224,900 201

*DOM = Days On Market

Swarthmore home went under contract

No new listings came onto the market

No listings expired

2 listings were withdrawn from the market

8 homes are Under Contract at this time

Swarthmore home sold last week

Swarthmore Homes Sold August 17, 2015 To August 23, 2015
ADDRESS BED BATH PRICE SETTLED DOM
16 Oberlin Avenue 5 4.0 $680,000 08/21/15 81
AVERAGE $680,000 81

Swarthmore, PA 19081 Real Estate Update

Wallingford PA Real Estate – August 17, 2015 To August 23, 2015

Wallingford PA Real Estate - Wallingford - Wallingford Market Review

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 90 homes listed for sale in Wallingford PA and Nether Providence Township on August 25, 2015.

The front page banner headline in Sunday’s Inquirer was 2nd quarter sales strong in the Philadelphia region. I was asked by Al Heavens the Inquirer’s Real Estate guru to research what area of Delaware County has seen the strongest growth in real estate during the past year, and it was not a surprise to see that it was real estate in the Rose Tree Media School District with an increase in average selling prices of 25.8% over last year.

During the 2nd quarter Wallingford real estate had the busiest May in over 10 years and the average selling price rose 2.6% over the 2nd quarter of 2014.

Wallingford Market Snapshot – 90 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$337,154 $327,400 $85,000 $849,899 112
Single/Twin Market Snapshot – 75 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$366,293 $339,500 $93,000 $849,899 109
Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$191,459 $179,900 $85,000 $400,000 129

*DOM = Days On Market

Wallingford PA homes went under contract

4 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

31 homes are Under Contract at this time

Wallingford PA homes sold

Wallingford Homes Sold August 17, 2015 To August 23, 2015
ADDRESS BED BATH PRICE SETTLED DOM*
306 Beatty Road 4 3.1 $575,000 08/18/15 69
102 E Rose Valley Road 4 3.0 $400,000 08/19/15 11
34 Green Valley Road 3 1.0 $299,900 08/20/15 277
505 Oakcrest Lane 4 2.1 $465,000 08/21/15 6
AVERAGE $434,975 91

*DOM = Days On Market

No homes sold with a Seller Assist.

Wallingford PA Real Estate – Wallingford, PA 19086

Swarthmore Real Estate – August 10, 2015 To August 16, 2015

Swarthmore Real Estate - Swarthmore PA - Real Estate Market Update

A weekly review of recently sold homes in Swarthmore PA and current market statistics.

There are 27 homes listed for sale in Swarthmore on August 19, 2015. One settlement is scheduled for this week.

New home construction has reached it’s highest level in almost 8 years. Residential starts rose 0.2% to an annualized rate which is the most since October 2007.

Swarthmore Market Snapshot – 27 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$382,022 $354,900 $85,000 $998,000 150
Single/Twin Market Snapshot – 19 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$480,936 $449,990 $289,000 $998,000 140
Condo/Townhouse Market Snapshot – 8 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$147,100 $124,250 $85,000 $224,900 175

*DOM = Days On Market

2 Swarthmore homes went under contract

No new listings came onto the market

No listings expired

No listings were withdrawn from the market

8 homes are Under Contract at this time

2 Swarthmore homes sold last week.

Swarthmore Homes Sold August 10, 2015 To August 16, 2015
ADDRESS BED BATH PRICE SETTLED DOM
801 Yale Avenue #529  1 1.0 $77,500  08/10/15 104
435 Drew Avenue 4 1.1 $386,000 08/14/15 72
AVERAGE $231,750 88

Swarthmore, PA 19081 Real Estate Update

Wallingford PA Real Estate – August 10, 2015 To August 16, 2015

Wallingford PA Real Estate - Wallingford - Wallingford Market Review

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 89 homes listed for sale in Wallingford PA and Nether Providence Township on August 18, 2015.

Buyers have been lured into the market with the prospect of the lowest mortgage rates on record during the last few years, but the Federal Reserve has already given plenty of signals that will soon come to an end.

Mortgage rates are already inching up, ever-so-slightly. From January to June, the 30-year fixed-rate mortgage climbed from 3.7% to 4.2 %. Mortgage rates recently have been hovering around 4%.

A 6% interest rate is “normal,” and rates are not expected to hit that point in the next two years, however. Interest rates are predicted to climb to around 5.5% by 2017.

For now, mortgage rates remain low, and in 80 percent of the U.S. markets, it’s more affordable to buy a home than rent, according to realtor.com®.

Wallingford Market Snapshot – 89 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$326,296 $299,900 $85,000 $849,900 108
Single/Twin Market Snapshot – 74 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$357,417 $337,000 $93,000 $849,900 105
Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$172,766 $167,500 $85,000 $400,000 123

*DOM = Days On Market

Wallingford PA home went under contract

7 new listings came onto the market

2 listings expired

1 listing was withdrawn from the market

27 homes are Under Contract at this time

1 Wallingford PA home sold

Wallingford Homes Sold August 10, 2015 To August 16, 2015
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #4L 1 1.0 $68,000 08/11/15 122
401 Blakeley Road 3 1.1 $174,900 08/14/15 67
211 Pembroke Road 4 2.1 $525,000 08/14/15 2
AVERAGE $255,967 64

*DOM = Days On Market

– 211 Pembroke Road had a $6,200 Seller Assist.

Wallingford PA Real Estate – Wallingford, PA 19086

Swarthmore Real Estate – August 3, 2015 To August 9, 2015

Swarthmore Real Estate - Swarthmore PA - Real Estate Market  Update

A weekly review of recently sold homes in Swarthmore PA and current market statistics.

There are 28 homes listed for sale in Swarthmore on August 12, 2015. Two settlements are scheduled for this week.

Foreclosure rates across the nation continue to decline with bank owned inventory falling nearly 30% in the last year according to CoreLogic. More homeowners are staying current on their mortgage payments as well, with those seriously delinquent – more than 90 days past due – falling by 23% through June year over year. Delinquencies are now at their lowest level since January 2008.

There have been 3 reported foreclosure sales in Swarthmore dating back to January 1, 2014 which constitutes 2.8% of transactions for that time period.

Swarthmore Market Snapshot – 28 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$360,164 $352,400 $85,000 $998,000 145
Single/Twin Market Snapshot – 19 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$461,731 $399,900 $289,000 $998,000 140
Condo/Townhouse Market Snapshot – 9 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$145,744 $129,000 $85,000 $224,900 155

*DOM = Days On Market

1 Swarthmore home went under contract

No new listings came onto the market

No listings expired

No listings were withdrawn from the market

6 homes are Under Contract at this time

No Swarthmore homes sold last week.

Swarthmore Homes Sold August 3, 2015 To August 9, 2015
ADDRESS BED BATH PRICE SETTLED DOM
– No Homes Sold –

 

Swarthmore, PA 19081 Real Estate Update

Wallingford PA Real Estate – July 2015

Hummingbird Feeding

Hummingbird Feeding

July 2015 posted 28 sales registering an 7 home increase of 33.3% over last July. The average sales price in came in at $360,145 which is a robust 28.74% increase in average sales price over last year. The 28 sales were comprised of 23 single family homes, 2 condos, 2 townhomes, and 1 twin home.

The 21 single family homes sold for an average price of $409,720 and averaged 61 days on the market. This marks the highest average selling price for singles year to date. Single homes continued to be in high demand as 9 sold in 14 days or less. Last July single family homes sold for an average price of $292,284.

The highest selling price for the month was $970,000 for 601 Beatty Road.

There were 14 listings that went under contract during the month – 12 single family homes, 3 townhomes, 1 condo, and 1 twin. The average asking price was $324,100.

There are are 25 future settlements scheduled with 14 in August, 10 in September, and 1 in October.

Wallingford PA Closed Home Transactions July 2015
ADDRESS BED BATH PRICE SETTLED DOM*
820 Meredith Drive 5 4.1 $519,000 07/01/15 128
207 Copples Lane 4 3.0 $350,000 07/01/15 27
369 Saybrook Lane 2 2.1 $167,500 07/01/15 155
618 Morris Lane 4 3.1 $360,000 07/01/15 104
206 Pine Road 3 1.1 $222,000 07/01/15 9
722 Pine Ridge Road 3 1.1 $232,000 07/06/15 9
101 Beech Road 3 1.1 $215,100 07/08/15 25
8 Green Valley Road 3 1.1 $287,000 07/08/15 8
800 Avondale Road PH14 1 1.0 $83,000 07/10/15 82
201 Cooper Drive 5 2.1 $327,000 07/14/15 28
603 Georgetown Road 4 2.1 $365,000 07/15/15 371
971 Putnam Blvd 3 2.1 $209,000 07/15/15 42
331 Callender Lane 4 2.0 $369,450 07/15/15 8
206 Dogwood Lane 5 3.1 $320,000 07/15/15 31
201 Copples Lane 4 2.1 $399,500 07/15/15 6
116 S Providence Road 7 4.1 $582,500 07/16/15 100
611 Vernon Street 3 1.0 $101,000 07/16/15 136
206 Woodward Road 5 2.1 $515,000 07/16/15 8
206 Ash Road 2 1.0 $200,000 07/16/15 4
207 Fox Lane 5 2.1 $595,000 07/17/15 6
918 Truepenny Road 5 3.1 $430,000 07/17/15 99
611 Scott Lane 3 2.0 $375,000 07/21/15 225
700 Avondale Road #6E 2 2.0 $100,000 07/28/15 216
204 Turner Road 4 4.1 $645,000 07/29/15 109
601 Beatty Road 3 4.0 $970,000 07/30/15 33
778 Pennsylvania Avenue 3 1.0 $136,000 07/30/15 15
902 Penn Valley Road 4 2.2 $410,000 07/30/15 39
209 Fox Lane 5 2.1 $600,000 07/31/15 6
AVERAGE $360,145 72

* DOM = Days On Market

13 of 28 transactions had a Seller Assist:

– 820 Meredith Drive – $19,000

– 207 Copples Lane – $8,750

– 618 Morris Lane – $10,000

– 206 Pine Road- $7,000

– 101 Beech Road – $5,000

– 971 Putnam Blvd – $5,000

– 116 S Providence Road – $2,000

– 206 Woodward Road – $5,000

– 918 Truepenny Road – $5,000

– 204 Turner Road – $25,000

– 601 Beatty Road – $14,583

– 778 Pennsylvania Avenue – $8,100

– 209 Fox Lane – $9,000

Financing Methods

– Conventional Mortgage – 18 transactions

– Cash – 7 transactions

– FHA Mortgage – 2 transactions

– VA – 1

207 Copples Lane and 800 Avondale Road PH14 were Bank Owned Foreclosures.

WALLINGFORD SINGLE HOMES – JULY 2015 – 23 SALES
Avg Price Median Price Low High DOM*
$409,720 $369,450 $135,000 $970,000 61
WALLINGFORD CONDOS – JULY 2015 – 2 SALES
Avg Price Median Price Low High DOM*
$91,500 $91,500 $83,000 $100,000 149
WALLINGFORD TOWNHOUSES – JULY 2015 – 2 SALES
Avg Price Median Price Low High DOM*
$188,250 $188,250 $167,500 $209,000 99
WALLINGFORD TWINS – JULY 2015 – 1 SALE
Avg Price Median Price Low High DOM*
$101,000 $101,000 $101,000 $101,000 136
WALLINGFORD – JULY 2014 VS JULY 2015
SALES AVERAGE DOM* % ORIG LIST % LAST LIST
2014 21 $279,733 100 93.38% 98.17%
2015 28 $360,145 72 93.23% 96.17%
33.3% 28.74% -28.0% -0.15% -2.00%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 3, 2015 To August 9, 2015

Wallingford PA Real Estate - Wallingford - Wallingford Market Review

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 87 homes listed for sale in Wallingford PA and Nether Providence Township on August 11, 2015.

The supply of homes for sale nationally in June fell 6.5% from a year ago, according to a new report from Zillow.

Millions of homeowners still owe more on their mortgages than their homes are worth, or they don’t have enough equity in their homes to afford to move up, leaving them unable to list their homes for sale. Still other potential move-up buyers are afraid they won’t be able to find a home to buy, so they stay where they are.

Inventory levels in Wallingford are slightly lower than last year at this time. In 2014 there were 91 homes on the market, only 4 more than today.

Wallingford Market Snapshot – 87 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$338,879 $309,900 $89,749 $869,900 113
Single/Twin Market Snapshot – 75 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$366,063 $335,000 $93,000 $869,900 106
Townhouse/Condo Market Snapshot – 12 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$168,978 $182,450 $89,749 $289,900 153

*DOM = Days On Market

Wallingford PA homes went under contract

8 new listings came onto the market

No listings expired

No listings were withdrawn from the market

29 homes are Under Contract at this time

Wallingford PA home sold

Wallingford Homes Sold August 3, 2015 To August 9, 2015
ADDRESS BED BATH PRICE SETTLED DOM*
214 Hillsboro Mills Lane 4 3.1 $370,000 08/06/15 409
AVERAGE $370,000 409

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Swarthmore Real Estate – July 27, 2015 To August 2, 2015

Swarthmore Real Estate - Swarthmore PA - Real Estate Market  Update

A weekly review of recently sold homes in Swarthmore PA and current market statistics.

There are 29 homes listed for sale in Swarthmore on August 5, 2015. No settlements are scheduled for this week.

New rental units are becoming too pricey for most renters. Newly constructed rental units rent for an average of $1,290 per month which represents an increase of $180 per month over 2012. Meanwhile the typical renter’s incomes have only risen by $60 in that same time period.

Swarthmore Market Snapshot – 29 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$350,762 $349,900 $85,000 $998,000 137
Single/Twin Market Snapshot – 19 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$461,731 $399,900 $289,000 $998,000 133
Condo/Townhouse Market Snapshot – 10 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$139,920 $124,250 $85,000 $224,900 145

*DOM = Days On Market

1 Swarthmore home went under contract

3 new listings came onto the market

No listings expired

No listings were withdrawn from the market

6 homes are Under Contract at this time

2 Swarthmore homes sold last week.

Swarthmore Homes Sold July 27, 2015 To August 2, 2015
ADDRESS BED BATH PRICE SETTLED DOM
410 Park Avenue 3 1.1 $399,900 07/27/15 80
333 Union Avenue 3 1.0 $141,000 07/31/15 60
AVERAGE $270,450 70

Both homes sold with a Seller Assist:

– 410 Park Avenue – $7,525

– 333 Union Avenue – $1,000

Swarthmore, PA 19081 Real Estate Update

Swarthmore Real Estate – July 2015

Cars Navigating The Completed Roundabout In Swarthmore

Nighttime Traffic At The Roundabout

A piece of good news during July was the completion of the roundabout, not much positive news came from the market during the month. July 2015 finished with 8 closed sales in Swarthmore, 6 homes less than July 2014. The average sales price was $415,888 which is a 14.6% decrease compared to last year. The 8 sales consisted of 7 single family homes and 1 Rutgers Avenue condo. Last July 13 single family homes sold along with 1 condo.

The 7 single homes sold in June sold for an average of $457,557 and were on the market an average of 63 days, contrasted with last July’s 13 single family homes sales that averaged $516,692 and just 36 days on the market.

622 N Chester Road garnered the highest selling price of the month at $685,000.

Two single family homes, 1 condo, and 1 twin went under contract during the month with an average asking price of $360,125 and a average of 114 days on market.

There are 2 settlements scheduled in August and 1 in July.

SWARTHMORE HOMES SOLD JULY 2015
ADDRESS BED BATH PRICE SETTLED DOM*
401 Riverview Road 4 2.1 $427,000 07/08/2015 56
630 N Chester Road 7 2.1 $550,000 07/08/2015 111
18 Oberlin Avenue 4 1.1 $390,000 07/15/2015 76
622 N Chester Road 4 3.1 $685,000 07/15/2015 10
107 Rutgers Avenue H4 2 1.0 $121,000 07/20/2015 34
516 Walnut Lane 5 2.2 $610,000 07/24/2015 45
410 Park Avenue 3 1.1 $399,900 07/27/2015 80
333 Union Avenue 3 1.0 $141,000 07/31/2015 60
Average $415,488 59

* DOM = Days On Market

5 of the 8 Swarthmore homes sold in July had a Seller Assist:

– 630 N Chester Road – $10,000

– 18 Oberlin Avenue – $5,000

– 622 N Chester Road – $6,850

– 410 Park Avenue – $7,525

– 333 Union Avenue – $1,000

Financing Methods

-Conventional Mortgage – 6 transactions

– Cash – 2 transactions

SWARTHMORE SINGLE HOMES – JULY 2015 – 7 SALES
Avg Price Median Price Low High DOM*
$457,557 $427,000 $141,000 $685,000 63
SWARTHMORE CONDOS – JULY 2015 – 1 SALE
Avg Price Median Price Low High DOM*
$121,000 $121,000 $121,000 $121,000 34
SWARTHMORE – JULY 2014 VS JULY 2015
SALES AVERAGE HIGH DOM* % ORIG LIST % LAST LIST
2014 14 $486,714 $913,500 34 97.25% 98.12%
2015 8 $415,488 $685,000 59 87.95% 94.60%
-42.9% -14.6% 73.5% -9.30% -3.52%

Swarthmore Real Estate – Swarthmore, PA 19081

Wallingford PA Real Estate – July 27, 2015 To August 2, 2015

Wallingford PA Real Estate - Wallingford - Wallingford Market Review

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 85 homes listed for sale in Wallingford PA and Nether Providence Township on August 4, 2015.

Average fixed mortgage rates continue to fluctuate week-to-week, with the 30-year fixed-rate mortgage dropping below 4% this week to an average of 3.98% offering temporary relief to home buyers and refinancers after hitting its highest average for the year earlier this month, Freddie Mac reports in its weekly mortgage market survey.

Wallingford Market Snapshot – 85 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$336,278 $299,900 $89,749 $869,900 116
Single/Twin Market Snapshot – 71 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$368,466 $335,000 $93,000 $869,900 112
Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$168,998 $182,450 $89,749 $290,000 138

*DOM = Days On Market

Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

No listings were withdrawn from the market

22 homes are Under Contract at this time

Wallingford PA homes sold

Wallingford Homes Sold July 27, 2015 To August 2, 2015
ADDRESS BED BATH PRICE SETTLED DOM*
700 Avondale Road 6E 2 2.0 $100,000 07/28/15 216
204 Turner Road 4 4.1 $645,000 07/29/15 109
601 Beatty Road 3 4.0 $970,000 07/30/15 33
902 Penn Valley Road 4 2.2 $410,000 07/30/15 39
778 Pennsylvania Avenue 3 1.0 $135,000 07/30/15 15
209 Fox Lane 5 2.1 $600,000 07/31/15 6
AVERAGE $476,667 70

*DOM = Days On Market

4 homes sold with a Seller Assist:

– 204 Turner Road – $25,000

– 601 Beatty Road – $14,583

– 778 Pennsylvania Avenue – $8,100

– 209 Fox Lane – $9,000

Wallingford PA Real Estate – Wallingford, PA 19086