- Blue Route From Bullens Lane At Dusk
WALLINGFORD REAL ESTATE
July marked the first time this year that sales increased over the same month of the previous year, with 12 Wallingford homes sold in July 2011 as opposed to 11 sales in July 2010. Another encouraging trend was the average Days on Market was down substantially from previous months to 40 days. For the first six months of the year Days On Market averaged 182 days, so the drop to a 40 day average is significant. Coupled with the increase in the ratio of list price to selling price this indicates that seller pricing is coming into alignment with the market – proper pricing is reflected in shorter a marketing time and sale prices which closely reflect the asking price.
The percentage of sales price to original list was up to a strong 95.21%, and the corresponding measure of sales price to last list price posted at 96.55%. On the other hand the average sales price was down to $291,325, a drop of 23.0%.
There were 12 Wallingford homes sold during the month of July 2011.
WALLINGFORD HOMES SOLD – JULY 2011
| Address | Bed | Bath | Price | Settled |
| 114 Governors Drive | 3 | 1.5 | $227,000 | 07/01/11 |
| 1113 Putnam Blvd | 3 | 2.5 | $205,000 | 07/13/11 |
| 919 Winding Lane | 3 | 2.5 | $435,000 | 07/14/11 |
| 26 Cedar Road | 4 | 1.0 | $219,900 | 07/15/11 |
| 6 Kershaw Road | 4 | 2.5 | $545,000 | 07/15/11 |
| 115 Ridley Drive | 3 | 1.5 | $192,500 | 07/15/11 |
| 215 East Rose Valley Road | 3 | 2.0 | $392,000 | 07/21/11 |
| 705 Raleigh Court | 2 | 1.0 | $71,500 | 07/21/11 |
| 1044 Putnam Blvd | 2 | 2.5 | $204,900 | 07/29/11 |
| 409 Sheffield Drive | 3 | 1.5 | $265,000 | 07/29/11 |
| 209 Fox Lane | 5 | 2.5 | $510,000 | 07/29/11 |
| 607 Georgetown Road | 3 | 1.5 | $229,000 | 07/29/11 |
These 12 Wallingford homes were on the market an average of 40 days, with the average sold price representing 95.21% of the original asking price, and 96.55% of the last asking price.
919 Winding Lane was only on the market for 5days, while 115 Ridley Drive was on the market 125 days.
Conventional financing was utilized in 7 transactions, and 5 utilized FHA financing.
There were no distressed homes sales – Short Sales or Foreclosures reported.
A Seller Assist was utilized in 6 of 12 Wallingford homes sold, ranging from $525 to $11,000
114 Governors Drive – $7,850
26 Cedar Road – $1,500
6 Kershaw Road – $9,000
115 Ridley Drive – $5,500
1044 Putnam Blvd – $11,000
409 Sheffield Drive – $525
Wallingford July 2011 Activity vs July 2010
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2010 | 11 | $378,200 | 53 | 94.36% | 95.97% |
| 2011 | 12 | $291,325 | 40 | 95.21% | 96.55% |
| 9.0% | – 23.0% | -24.5% | 0.85% | 0.58% |
SWARTHMORE REAL ESTATE
There were 7 Swarthmore homes sold during the month of July 2011.
SWARTHMORE HOMES SOLD – JULY 2011
| Address | Bed | Bath | Price | Settled |
| 105 Cornell Avenue | 5 | 2.5 | $476,000 | 07/06/11 |
| 10 Ogden Avenue | 4 | 2.5 | $975,000 | 07/06/11 |
| 517 Walnut Lane | 6 | 4.2 | $854,000 | 07/13/11 |
| 228 Benjamin West | 3 | 2.0 | $310,000 | 07/13/11 |
| 10 Woodbrook Lane | 4 | 4.5 | $900,000 | 07/15/11 |
| 801 Yale Avenue #1123 | 2 | 2.0 | $154,000 | 07/22/11 |
| 303 Elm Avenue | 5 | 4.51 | $1,010,000 | 07/28/11 |
These 7 Swarthmore homes sold for an average price of $688,429, and were on the market an average of 15 days, fetching 96.77% of original asking price, and 97.22% of last asking price.
