Spring Visitor
May 2016 posted 30 sales totaling $9,958,738 in real estate. The average sales price in May came in at $331,958 which is a 5.6% increase over last year. Volume in May was lower than last year by 3 homes. The 30 sales consisted of 20 single family homes, 5 townhouses, 3 twins, and 2 condos.
Twenty single family homes sold for an average price of $390,937 and averaged 114 days on the market. Last May 23 single family homes sold for an average price of $366,543 and averaged 105 days on the market.
The highest selling price for the month was $799,950 for 15 Strathmore Court.
There were 21 listings that went under contract during the month – 16 single family homes, 4 townhomes, and 1 condo. The average listing price was $338,244.
There are 31 settlements scheduled for June, 11 in July, and 2 in August.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 7 Mallard Mill Run | 3 | 3.0 | $272,000 | 05/02/16 | 220 |
| 15 Strathmore Court | 5 | 4.1 | $799,950 | 05/02/16 | 12 |
| 519 Wildflower Lane | 4 | 3.2 | $686,000 | 05/02/16 | 8 |
| 1000 Putnam Blvd #501 | 2 | 2.0 | $120,000 | 05/03/16 | 194 |
| 782 Pennsylvania Avenue | 1 | 1.0 | $66,000 | 05/03/16 | 2 |
| 621 Morris Lane | 3 | 2.1 | $315,000 | 05/04/16 | 15 |
| 509 Beatty Road | 3 | 2.1 | $308,888 | 05/12/16 | 339 |
| 671 Niblick Lane | 4 | 4.0 | $350,000 | 05/12/16 | 144 |
| 103 Ronaldson Street | 3 | 1.0 | $150,000 | 05/12/16 | 13 |
| 502 S Ridley Creek Road | 4 | 2.1 | $370,000 | 05/12/16 | 4 |
| 208 Cedar Road | 3 | 1.0 | $180,000 | 05/16/16 | 339 |
| 8 Laurie Lane | 4 | 2.1 | $374,000 | 05/16/16 | 21 |
| 420 New Jersey Avenue | 3 | 1.0 | $137,600 | 05/17/16 | 141 |
| 210 Moylan Avenue | 4 | 2.1 | $672,500 | 05/17/16 | 4 |
| 221 Moylan Avenue | 4 | 2.1 | $700,000 | 05/20/16 | 118 |
| 963 Putnam Blvd | 2 | 2.1 | $165,000 | 05/20/16 | 137 |
| 110 Canterbury Drive | 3 | 1.1 | $323,000 | 05/20/16 | 5 |
| 629 W Wiltshire Drive | 3 | 3.1 | $225,000 | 05/20/16 | 207 |
| 600 Wallingford Avenue | 3 | 1.1 | $244,900 | 05/20/16 | 237 |
| 201 Beaumont Drive | 5 | 2.1 | $358,000 | 05/23/16 | 352 |
| 657 Niblick Lane | 3 | 2.1 | $269,000 | 05/24/16 | 52 |
| 707 Devon Lane | 4 | 2.2 | $360,000 | 05/24/16 | 23 |
| 212 Hillsboro Mills Lane | 4 | 3.1 | $415,000 | 05/24/16 | 26 |
| 13 Chester Road | 3 | 1.0 | $215,000 | 05/25/16 | 44 |
| 101 Beech Road | 3 | 1.1 | $220,000 | 05/26/16 | 19 |
| 211 Cooper Drive | 4 | 2.1 | $460,000 | 05/26/16 | 17 |
| 509 Wilder Road | 4 | 2.1 | $440,000 | 05/27/16 | 6 |
| 1011 Beech Road | 4 | 2.1 | $364,000 | 05/31/16 | 565 |
| 607 Bickmore Drive | 4 | 1.1 | $289,900 | 05/31/16 | 1 |
| 700 Avondale Road #2I | 2 | 2.0 | $108,000 | 05/31/16 | 22 |
| AVERAGE | $331,958 | 110 |
* DOM = Days On Market
12 of 30 transactions had a Seller Assist:
– 15 Strathmore Court – $2,000
– 509 Beatty Road – $7,000
– 671 Niblick Lane – $10,500
– 8 Laurie Lane – $3,000
– 420 New Jersey Avenue- $7,000
– 629 W Wiltshire Drive – $10,000
– 600 Wallingford Avenue – $3,900
– 657 Niblick Lane – $8,070
– 707 Devon Lane – $10,000
– 101 Beech Road – $500
– 211 Cooper Drive – $13,800
– 1011 Beech Road – $10,920
Financing Methods
– Conventional Mortgage – 20 transactions
– Cash – 5 transactions
– FHA Mortgage – 5 transactions
There were 2 distressed sales during May
– 103 Ronaldson Street was a Bank Owned Foreclosure sale
– 728 Pennsylvania Avenue was a Short Sale.
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $390,937 | $359,000 | $137,600 | $799,950 | 114 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $294,200 | $272,000 | $165,000 | $415,000 | 116 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $147,000 | $150,000 | $66,000 | $225,000 | 74 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $114,000 | $114,000 | $108,000 | $120,000 | 108 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2015 | 33 | $314,466 | 110 | 94.4% | 96.4% |
| 2016 | 30 | $331,958 | 110 | 96.2% | 97.5% |
| -9.1% | 5.6% | 0.0% | 1.8% | 1.1% |
Wallingford PA Real Estate – Wallingford, PA 19086
