The 1st quarter of 2017 in Wallingford PA saw a total of 38 homes sold, 7 more than last year’s 1st quarter. The average sales price increased to $327,787 from last year where it stood at $277,542, representing a 18.1% increase. Increased activity of higher priced homes over $400,000 and decreased sales in the lower price range, under $200,000, accounted for the healthy gain. There also were no foreclosure sales during the quarter whereas there were 4 foreclosures during the 1st quarter of last year.
A total of $12,455,900 of real estate changed hands during the quarter.
The core category of single family homes recorded 29 sales with an average selling price of $369,759 compared to last year’s average selling price of $318,476.
Counter to the increase in selling prices was a 58.1% increase in Days On Market. On average it took 114 days to sell during the months of January, February, and March 2017, 43 days more then last year.
January recorded 17 sales, February 10 sales, and 11 homes sold in March. Volume this year was higher in both January and March compared to last year.
The highest priced home sold in the 1st quarter was 1106 Orchard Avenue which sold in January for $759,000.
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2016 | 31 | $277,542 | 74 | 95.0% | 98.7% |
| 2017 | 38 | $327,787 | 117 | 95.2% | 97.1% |
| 22.6% | 18.1% | 58.1% | 0.2% | -1.6% |
1ST QUARTER 2017 – SALES BY PRICE RANGE
| PRICE RANGE | SALES | % Of SALES |
|---|---|---|
| 0 To $100,000 | 3 | 7.9% |
| $100,000 To $200,000 | 5 | 13.2% |
| $200,000 To $300,000 | 10 | 26.3% |
| $300,000 To $400,000 | 10 | 26.3% |
| $400,000 To $500,000 | 6 | 15.8% |
| $500,000 To $600,000 | 1 | 2.6% |
| $600,000 To $700,000 | 2 | 5.3% |
| $700,000 To $800,000 | 1 | 2.6% |
| TOTAL | 38 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $369,759 | $355,000 | $115,000 | $759,000 | 120 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $251,583 | $168,250 | $154,000 | $380,000 | 137 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $78,950 | $78,950 | $67,000 | $90,900 | 58 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $65,500 | $65,500 | $65,500 | $65,500 | 16 |
*DOM = Days On Market
Wallingford PA Real Estate – Wallingford, PA 19086
