We welcomed 136 new Wallingford PA homeowners to our community this year during 2011. This represents an increase in 10 sales when compared to 2010. Overall these 136 new owners paid an average price of $301,741, a 6.6% decrease compared to 2010.
What constitutes an “average” home sold in Wallingford during the past year?
88% of the homes sold during 2011 were single detached family homes -115, townhomes accounted for 12 sales – 7%, and there were 8 condominium transactions – 5%.
Single family homes sold for an average price 0f $320,034, and sellers had to endure 148 days on the market before going under contract. Townhouse buyers paid an average of $254,233, and condominium buyers paid an average of $118,250. Sellers paid out an average Seller Assist of $3,357 in 44% of local transactions, one seller had the net selling price reduced by a $19,350 assist.
Wallingford homes sold in 2011 have reached middle age – the average age was 51.5 years old. Single homes had 3.66 bedrooms, 1.95 full bathrooms, and .73 half baths.
On the price spectrum, one new homeowner paid $38,000 on the low end of the scale, while the high price topped out at $872,500.
Colonials were all the rage accounting for 81 single homes sold, followed by 19 Cape Cods, and 13 ranchers. On one of the first cold nights of winter 91 homes have a fireplace, 21 have two, and 4 even have 3 fireplaces. For primary heating 71 homes have gas heat, and 48 utilize oil heat for warmth.
Meals are prepared in a kitchen ranges fueled by natural gas in 40% of homes, but electric cooking was in the majority of homes – 57%. Dishes are washed with hot water heated by gas in 75 homes, and with oil in 18 homes.
Central air cooled 107 homes with an average of 2,124 square feet. The largest home had 5,738 square feet of interior space, while the smallest came in at 635.
68% of new Wallingford homeowners have a garage in their new abode and should be avoiding cleaning snow off of at least one car, 4 homes sold have a 3 car garage. Basements will likely be full of moving boxes in 121 of the homes sold – 89%.
The foreclosure crisis did not avoid the area. Data from the Multiple Listing Service (MLS) indicates that 9 homes sold in Wallingford PA last year were Bank Owned properties – just slightly over six percent – coming in at 6.6%.
Alas our new neighbors would have inherited an average 2011 tax bill of $7,826 – so much for being average. One lucky buyer is paying a budget busting tax bill of $23,508!
Take a look at all 136 Wallingford homes or Wallingford towhouses/condos that sold last year.
Wallingford Real Estate – Wallingford, PA 19086
