A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 95 homes listed for sale in Wallingford PA and Nether Providence Township on June 23, 2015.
The total number of mortgaged residential properties with equity stands at roughly 90% (44.9 million), with 10.2% of mortgaged homes (5.1 million) nationwide underwater or with negative equity.
According to a recent analysis from CoreLogic, overall borrower equity increased year over year by $694 billion in the first quarter of 2015, with 254,000 properties regaining equity. It’s worth noting that 19.4 percent of borrowers with equity have less than 20 percent equity, and 2.7% have less than 5%.
The bulk of positive equity for mortgaged properties is concentrated at the high end of the housing market. CoreLogic reports that 94% of homes valued at more than $200,000 have equity, compared with 85% of homes valued at less than $200,000.
The highest percentage of mortgaged properties in positive equity were found in:
Texas (97.7%)
Hawaii (96.7%)
Alaska (96.8%)
Montana (96.8%)
North Dakota (96.2%)
The markets with the highest percentage of mortgaged properties in negative equity were:
Nevada (23.1%)
Florida (21.2%)
Illinois (16.8%)
Arizona (16.8%)
Rhode Island (15.7%)
Combined, these five states accounted for 31.4% of negative equity in the U.S.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $339,810 | $319,900 | $85,000 | $1,000,000 | 105 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $374,945 | $359,700 | $99,000 | $1,000,000 | 96 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $152,423 | $154,900 | $85,000 | $299,900 | 152 |
*DOM = Days On Market
5 Wallingford PA homes went under contract
6 new listings came onto the market
No listings expired
No listings were withdrawn from the market
46 homes are Under Contract at this time
9 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 211 Stanford Drive | 5 | 3.1 | $295,500 | 06/15/15 | 14 |
| 856B Putnam Blvd | 2 | 1.0 | $95,000 | 06/16/15 | 53 |
| 200 Garnet Lane | 4 | 2.1 | $415,000 | 06/16/15 | 7 |
| 41 Medbury Lane | 3 | 1.0 | $290,000 | 06/17/15 | 4 |
| 844A Putnam Blvd | 2 | 1.0 | $115,000 | 06/18/15 | 374 |
| 636 E Wiltshire Drive | 3 | 2.1 | $209,900 | 06/19/15 | 6 |
| 909 Winding Way | 5 | 3.1 | $650,000 | 06/19/15 | 10 |
| 811 Meredith Drive | 4 | 3.0 | $560,000 | 06/19/15 | 4 |
| 804A Putnam Blvd | 2 | 1.0 | $106,000 | 06/19/15 | 180 |
| AVERAGE | $304,044 | 72 |
*DOM = Days On Market
2 of 9 homes sold had a Seller Assist:
– 636 E Wiltshire Drive – $9,000
– 811 Meredith Drive – $1,650
Wallingford PA Real Estate – Wallingford, PA 19086
