Wallingford PA Real Estate – June 2012

WALLINGFORD PA REAL ESTATE – JUNE 2012

June 2012 Wallingford PA sales were strong with 17  homes sold during the month.

Single detached homes were on the market an average of 91 days, and had an average sale price of $328,457, while condominiums/townhouses took an average of 48 days to go under contract, with an average price of $293,667.

There were 3 homes that sold for full asking price. These lucky sellers only had their homes on the market an average of 10 days.

 

There were 17 Wallingford PA homes sold in June 2012.

WALLINGFORD PA HOMES SOLD – JUNE 2012

Address	Bed	Bath	Price	DOM*	Settled
29 Waterford Way	5	2.5	$240,000	15	06/04/2012
5 Mallard Mill Run	3	2.2	$251,000	78	06/04/2012
209 Highland Avenue	4	3.0	$379,500	39	06/07/2012
429 New Jersey Avenue	2	1.0	$44,000	15	06/13/2012
127 Walker Lane	5	3.5	$700,000	280	06/15/2012
711 Kincaid Mills Lane	3	3.5	$420,000	65	06/20/2012
104 Kershaw Road	4	2.0	$339,000	40	06/21/2012
115 Willow Road	4	2.0	$239,900	13	06/22/2012
3 Arthur Court	4	3.5	$325,000	94	06/22/2012
109 Maple Road	4	3.0	$220,000	5	06/25/2012
209 Pembroke Road	4	2.5	$400,000	290	06/27/2012
203 Beatty Road	5	3.0	$555,000	87	06/28/2012
303 Martin Lane	4	2.0	$369,000	14	06/29/2012
1109 Putnam Blvd	3	2.5	$210,000	1	06/29/2012
614 Creekside Road	3	2.5	$285,000	196	06/29/2012
315 Crestview Circle	3	2.5	$296,000	139	06/29/2012
201 Raynard Road	4	1.5	$206,000	44	06/30/2012

* DOM = Days On Market

 

These 17 Wallingford PA homes sold at an average price of $322,318. Selling prices represented 91.98% of the original asking price, and 95.44% of the last asking price.

 

Financing Methods

– Conventional Mortgage – 11 transactions

– Cash – 4 transactions

– FHA Mortgage – 2 transactions

 

Sellers granted a Seller Assist in 11 of the 17 Wallingford PA homes sold in June 2012 ranging from $1,000 to $13,794.25.

– 209 Highland Avenue – $9,000

– 127 Walker Lane – $10,000

– 115 Willow Road – $13,794.25

– 209 Pembroke Road – $8,000

– 1109 Putnam Blvd – $1,000

– 315 Crestview Circle – $4,000

– 201 Raynard Road – $1,000

 

No distressed sales – Short Sales or Bank Owned Foreclosures were reported during June.

 

 

Wallingford June 2012 Activity vs June 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	16	$374,156	262	87.77%	92.44%
2012	17	$322,318	83	91.98%	95.44%
	6.3%	-13.9%	-68.3%	4.21%	3.00%

 

During July 13 settlements are scheduled, 8 homes are scheduled to settle in August.

 

SWARTHMORE REAL ESTATE – JUNE 2012

The Dean Bond Rose Garden was in full bloom early in June – take a tour!

 

June 2012 Swarthmore home sales decreased by 3 units when compared to June 2011. Nine Swarthmore homes sold for an average price of $230,953, and were on the market an average of 202 days. Selling prices represented 87.34% of original asking price, and 91.86% of the last asking price.

However homes sold year to date have increased by 14 when compared to last year – 41 in 2012 through June 30, 2012 as opposed to 27 Swarthmore homes sold in the same time period last year.

There were 9 Swarthmore homes sold during the month of June 2012.

 

SWARTHMORE HOMES SOLD – JUNE 2012

Address	Bed	Bath	Price	DOM*	Settled
107 Rutgers Avenue – H2	2	1.0	$130,000	16	06/07/2012
801 Yale Avenue – 802	3	2.5	$242,000	401	06/14/2012
328 Vassar Avenue	4	2.5	$318,000	22	06/15/2012
107 Rutgers Avenue – B2	1	1.0	$93,575	280	06/15/2012
309 Yale Avenue	5	2.0	$227,000	55	06/18/2012
230 Cornell Avenue	4	2.5	$380,000	517	06/21/2012
801 Yale Avenue – 715	1	1.0	$75,000	696	06/22/2012
404 Cornell Avenue	4	2.5	$325,000	10	06/25/2012
522 School Lane	3	1.5	$288,000	5	06/25/2012

* DOM = Days On Market

 

Financing Methods

– Conventional Mortgage -6 transactions

– Cash – 2 transactions

 

A  Seller Assist was present in 6 of the 9 Swarthmore PA homes sold in June 2012 ranging from $500 to $5,000.

– 801 Yale Avenue – 802 – $2,000

– 328 Vassar Avenue – $500

– 107 Rutgers Avenue – B4 – $2,087

– 230 Cornell Avenue – $5,000

– 404 Cornell Avenue – $5,000

– 522 School Lane – $800

 

No distressed sales – Short Sales or Bank Owned Foreclosures were reported during June.

 

Swarthmore June 2012 Activity vs June 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	12	$439,030	111	90.81%	96.15%
2012	9	$230,953	202	87.34%	91.86%
	-25.0%	-47.3%	81.9%	-3.47%	-4.29%