- Frequent August Visitor To My Back Yard In Wallingford
WALLINGFORD REAL ESTATE
Augusts marks the second month in a row that that sales increased over the same month of the previous year, with 18 Wallingford homes sold in August 2011 as opposed to 10 sales in August 2010. Eighteen sales was the second highest total for August recorded in the past five years, eclipsed only in August 2007 in a much different real estate climate when there were 19 sales. It is encouraging to see sales on the upswing.
Wallingford August Sales – Last 5 Years
2007 – 19 sales
2008 – 17 sales
2009 – 16 sales
2010 – 10 sales
2011 – 18 sales
August is traditionally a busy month for settlements, as buyers want to be in place prior to the start of the new school year. However it is one of the slowest months in regards to home showings and sales.
The average Days on Market was a resonable 98 days.
The percentage of sales price to last list price posted at 96.39%, which represents pricing in alignment with the market. On the other hand the average sales price continues to fall relative to last year, slipping 8% from the price level of August 2010 to $299,948.
There were 18 Wallingford homes sold during the month of August 2011.
WALLINGFORD HOMES SOLD – AUGUST 2011
| Address | Bed | Bath | Price | Settled |
| 110 Cameron Drive | 4 | 2.5 | $309,900 | 08/03/11 |
| 742 Pennsylvania Avenue | 2 | 1.0 | $48,000 | 08/05/11 |
| 604 Bowers Lane | 5 | 2.0 | $261,900 | 08/11/11 |
| 308 Marlyn Lane | 4 | 2.0 | $212,000 | 08/11/11 |
| 302 Hastings Avenue | 4 | 2.5 | $258,900 | 08/12/11 |
| 601 Rockbourne Mills Court | 3 | 2.5 | $360,000 | 08/19/11 |
| 213 Cedar Road | 3 | 1.5 | $155,000 | 08/22/11 |
| 321 West Rose Valley Road | 4 | 2.5 | $353,000 | 08/24/11 |
| 706 Blue Hill Drive | 4 | 2.5 | $380,000 | 08/24/11 |
| 738 Pine Ridge Road | 4 | 3.5 | $430,000 | 08/25/11 |
| 415 Sheffield Drive | 4 | 2.0 | $200,000 | 08/26/11 |
| 856A Putnam Blvd #67A | 2 | 1.0 | $118,500 | 08/26/11 |
| 216 Copples Lane | 4 | 2.5 | $472,500 | 08/26/11 |
| 398 Turner Road | 3 | 3.5 | $385,000 | 08/29/11 |
| 301 Colonial Drive | 5 | 3.5 | $575,000 | 08/31/11 |
| 406 North Providence Road | 3 | 1.5 | $320,000 | 08/31/11 |
| 704 Oxford Lane | 3 | 2.5 | $332,365 | 08/31/11 |
| 410 Trenton Court | 3 | 2.0 | $207,000 | 08/31/11 |
These 18 Wallingford homes were on the market an average of 61 days, with the average sold price representing 94.16% of the original asking price, and 96.32% of the last asking price.
For the short and long of it, 110 Cameron Drive was on the market for 3 days, while 706 Blue Hill Drive was on the market 343 days.
Conventional financing was the financing of choice in 10 transactions, 5 utilized FHA financing, and 3 were cash deals.
308 Marlyn Lane was a Bank Owned Forclosure.
A Seller Assist was utilized in 6 of the 18 Wallingford homes sold, ranging from $6,350 to $15,000.
604 Bowers Lane – $15,000
308 Marlyn Lane – $6,350
302 Hastings Avenue – $10,000
704 Oxford Lane – $9,335
1044 Putnam Blvd – $11,000
410 Trenton Court – $8,750
Wallingford August 2011 Activity vs August 2010
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2010 | 10 | $326,390 | 61 | 94.16% | 96.32% |
| 2011 | 18 | $299,948 | 98 | 92.0% | 96.39% |
| 80.0% | – 8.0% | 61.0% | -2.16% | 0.07% |
SWARTHMORE REAL ESTATE
- Fallen Tree On Rt 320 Near Cedar Lane After Hurricane Irene
10 Swarthmore homes sold during the month of August 2011.
SWARTHMORE HOMES SOLD – AUGUST 2011
| Address | Bed | Bath | Price | Settled |
| 226 Dickinson Avenue | 6 | 2.0 | $495,000 | 08/01/11 |
| 801 Yale Avenue #1028 | 1 | 1.0 | $93,000 | 08/02/11 |
| 401 Brighton Terrace | 3 | 2.5 | $325,000 | 08/03/11 |
| 527 Riverview Road | 6 | 2.5 | $460,000 | 08/05/11 |
| 408 Strath Haven Avenue | 4 | 2.5 | $352,000 | 08/05/11 |
| 109 South Princeton Avenue | 6 | 2.5 | $775,000 | 08/08/11 |
| 218 Garrett Avenue | 5 | 3.2 | $675,000 | 08/10/11 |
| 103 Columbia Avenue | 3 | 2.5 | $359,000 | 08/23/11 |
| 201 Dickinson Avenue | 4 | 2.0 | $484,000 | 08/31/11 |
| 910 Strath Haven Avenue | 4 | 2.1 | $415,000 | 08/31/11 |
These 10 Swarthmore homes sold for an average price of $443,300, and were on the market an average of 70 days, fetching 93.13% of original asking price, and 95.56% of last asking price.
For the short and long, 408 Strath Haven Avenue and 109 South Princeton Avenue were on the market 7 days, and 910 Strath Haven Avenue was on the market 306 days.
9 transactions utilized conventional financing, 1 was a cash deal.
Comparing this year’s Swarthmore activity with the past 4 years:
Swarthmore August Sales – Last 5 Years
2007 – 11 sales
2008 – 8 sales
2009 – 7 sales
2010 – 10 sales
2011 – 10 sales
Swarthmore August 2011 Activity vs August 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2010 | 10 | $353,600 | 114 | 91.18% | 94.73% |
| 2011 | 10 | $443,300 | 70 | 93.13% | 95.56% |
| 0.0% | 25.0% | -39.0% | 1.95% | 0.83% |
