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 June 9, 2015.
Home owners tend to overestimate the value of their properties by about 8%, according to a study published in the Journal of Housing Economics.
Researchers say that the overvaluations often are from owners who miscalculate their estimations over the capital gains they’ve accumulated in the house. The study echoes similar findings from a recent survey conducted by Quicken Loans, which found a widening gap between what home owners think their home is worth and appraisers’ valuations.
Appraisers also note that home owners often don’t realize that they may have over-improved their home compared to others in the neighborhood, which can lead to overestimated values. Owners may spend thousands of dollars for upgrades when nobody else in their price point has done so.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $348,813 | $339,900 | $85,000 | $1,000,000 | 108 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $390,994 | $384,750 | $99,000 | $1,000,000 | 99 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $180,086 | $180,950 | $85,000 | $389,900 | 143 |
*DOM = Days On Market
8 Wallingford PA homes went under contract
1 new listing came onto the market
No listings expired
2 listings were withdrawn from the market
51 homes are Under Contract at this time
6 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 204 Ronaldson Street | 3 | 2.1 | $245,000 | 06/01/15 | 366 |
| 29 Willow Road | 3 | 2.0 | $237,500 | 06/03/15 | 94 |
| 115 Willow Road | 3 | 2.1 | $252,450 | 06/05/15 | 2 |
| 7 Medbury Lane | 3 | 1.0 | $283,000 | 06/05/15 | 9 |
| 725 Kincaid Mills Lane | 3 | 2.1 | $370,000 | 06/05/15 | 425 |
| 308 Colonial Drive | 4 | 2.1 | $600,000 | 06/05/15 | 2 |
| AVERAGE | $331,325 | 150 |
*DOM = Days On Market
4 of the 6 homes sold had a Seller Assist:
– 29 Willow Road – $150
– 7 Medbury Lane – $5,000
– 725 Kincaid Mills Lane – $2,000
– 308 Colonial Drive – $3,000
Wallingford PA Real Estate – Wallingford, PA 19086
