WALLINGFORD REAL ESTATE
October marks the fourth month in a row that that sales increased over the same month of the previous year, with 6 Wallingford homes sold in October 2011 as opposed to 1 sale in October 2010. Any comparison to the second half of last year needs to factor in the effect of the 2010 tax credit which shifted many sales to the first half of the year. As a result sales in the second half of 2010 were abnormally weak. Results of a 2011 to 2010 comparison may not be as stellar as it seems.
Wallingford October Sales – 5 Year View
2007 – 19 sales
2008 – 12 sales
2009 – 11 sales
2010 – 1 sale
2011 – 3 sales
There were 6 Wallingford homes sold during the month of October 2011.
WALLINGFORD HOMES SOLD – OCTOBER 2011
| Address | Bed | Bath | Price | Settled |
| 652 Niblick Lane | 3 | 2.5 | $280,000 | 10/11/11 |
| 115 Ash Road | 4 | 2.5 | $215,000 | 10/14/11 |
| 207 Cooper Drive | 3 | 3.0 | $429,500 | 10/17/11 |
| 717 Hemlock Road | 4 | 1.5 | $435,000 | 10/20/11 |
| 901 Putnam Blvd | 3 | 2.5 | $195,000 | 10/26/11 |
| 210 Sycamore Lane | 3 | 2.5 | $438,000 | 10/28/11 |
These 6 Wallingford homes were on the market an average of 205 days, with the average sold price representing 93.36% of the original asking price, and 96.32% of the last asking price.
For the short and long of it, 207 Cooper Drive was on the market for 63 days, while 210 Sycamore Lane was on the market 555 days.
2 transactions utilized conventional financing, 2 were cash deals, 1 used FHA financing, and 1 used VA financing.
A Seller Assist was utilized in 3 of the 6 Wallingford homes sold.
652 Niblick Lane – $500
115 Ash Road – $1,000
210 Sycamore Lane- $19,350
Looking ahead to projected activity for November, there are 14 settlements scheduled for the month.
Wallingford October 2011 Activity vs October 2010
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2010 | 1 | $260,000 | 517 | 53.07% | 89.69% |
| 2011 | 6 | $322,083 | 205 | 93.36% | 96.32% |
| 500.0% | 23.8% | -60.3% | -7.47% | -3.65% |
SWARTHMORE REAL ESTATE
3 Swarthmore homes sold during the month of October 2011.
SWARTHMORE HOMES SOLD – OCTOBER 2011
| Address | Bed | Bath | Price | Settled |
| 504 Riverview Road | 5 | 4.0 | $1,096,250 | 10/06/11 |
| 435 Crumwald Avenue | 3 | 3.0 | $380,000 | 10/14/11 |
| 317 Haverford Place | 3 | 3.0 | $307,000 | 10/26/11 |
These 3 Swarthmore homes sold for an average price of $594,417, and were on the market an average of 103 days, fetching 89.28% of original asking price, and 95.33% of last asking price.
For the short and long, 435 Crumwald Avenue was on the market 1 day, and 317 Haverford Place was on the market 203 days.
2 transactions were cash deals, the other was specified as Other financing.
Looking ahead to projected activity for November, there are 3 settlements scheduled for the month.
Swarthmore October Sales – 5 Year View
2007 – 5 sales
2008 – 4 sales
2009 – 1 sale
2010 – 3 sales
2011 – 3 sales
Swarthmore October 2011 Activity vs October 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2010 | 3 | $271,667 | 9 | 97.27% | 97.27% |
| 2011 | 3 | $594,417 | 103 | 89.28% | 95.33% |
| 0.0% | 118.8% | – 7.99% | – 3.06% |
