Wallingford PA Real Estate – July 2012

WALLINGFORD PA REAL ESTATE – JULY 2012

There were 19 Wallingford PA homes sold during the month of July 2012, representing a 58% increase in sales when compared to July of 2011.  This continues the trend this year of rebounding sales in terms of homes sold, but a continued decrease in both average and median sale prices.

Through the end of July the number of Wallingford PA homes sold over the same time period of 2011 has increased by 25 units – a 36% gain. However the average price has decreased by 7.1% to $274,129, and the median price has slipped by 8.9% to $241,500, when compared to the first seven months of 2011.

WALLINGFORD PA HOMES SOLD – JULY 2012

Address	Bed	Bath	Price	DOM*	Settled
6 Kelly Lane	4	3.5	$599,000	208	07/02/2012
410 Palmers Lane	3	1.5	$335,000	188	07/10/2012
101 Beech Road	3	1.5	$204,000	164	07/12/2012
703 Concord Court	2	1.0	$82,000	82	07/13/2012
814 Ridge Lane	4	3.0	$327,500	55	07/13/2012
122 Westminster Drive	3	2.5	$290,000	55	07/13/2012
404 Media Parkway	2	1.5	$185,000	13	07/20/2012
218 Ash Road	3	1.0	$99,000	73	07/19/2012
11 Waterford Way	5	2.5	$299,000	222	07/26/2012
909 Ash Road	3	2.0	$187,000	429	07/26/2012
3 Putters Lane	3	2.0	$335,000	158	07/27/2012
3 Morgan Lane	4	2.5	$473,000	46	07/27/2012
4 Shepherds Lane	4	3.0	$339,900	19	07/27/2012
27 Maple Road	3	2.0	$135,000	164	07/30/2012
503 S Providence Road	3	2.5	$260,000	16	07/30/2012
225 Engle Drive	3	2.2	$310,000	9	07/31/2012
209 W Rose Valley Road	3	2.0	$345,000	65	07/31/2012
202 Beaumont Drive	5	2.5	$397,000	154	07/31/2012
1052 Putnam Blvd	2	2.5	$157,000	9	07/31/2012

* DOM = Days On Market

 

These 19 Wallingford PA homes sold at an average price of $282,121. Selling prices represented 91.26% of the original asking price, and 95.82% of the last asking price.

 

Financing Methods

– Conventional Mortgage – 10 transactions

– FHA Mortgage – 4 transactions

– Cash -3 transactions

– VA Mortgage – 1 transaction

– Other Financing – 1 transaction

 

Sellers granted a Seller Assist in 8 of the 19 Wallingford PA homes sold in July 2012 ranging from $4,100 to $18,700.

– 122 Westminster Drive – $15,950

– 404 Media Parkway – $4,100

– 11 Waterford Way – $8,997

– 909 Ash Road – $4,980

– 3 Morgan Lane- $15,000

– 4 Shepherds Lane – $10,000

– 503 South Providence Road – $5,000

– 202 Beaumont Drive – $18,700

 

11 Waterford Way was a  Short Sale.

 

 

Wallingford July 2012 Activity vs July 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	12	$291,483	40	95.21%	96.55%
2012	19	$282,121	114	91.26%	95.82%
	58.3%	-3.2%	185.0%	-3.95%	-0.73%

 

During August 14 settlements are scheduled, 2 homes are scheduled to settle in September, and 1 in October.

 

SWARTHMORE REAL ESTATE – JULY 2012

July 2012 Swarthmore home sales equaled July 2011 sales with 7  Swarthmore homes sold. July’s  Swarthmore homes sold for an average price of $361,514, and were on the market an average of 45 days. Selling prices represented 95.67% of original asking price, and a strong 99.43% of the last asking price.

There were 7  Swarthmore homes sold during the month of July 2012.

 

SWARTHMORE HOMES SOLD – JULY 2012

Address	Bed	Bath	Price	DOM*	Settled
109 Yale Avenue	4	2.5	$404,900	6	07/02/2012
301 N Swarthmore Ave	2	2.5	$349,200	89	07/06/2012
216 Yale Avenue	5	2.5	$375,000	115	07/10/2012
301 College Avenue	5	2.5	$695,000	13	07/12/2012
25 Dogwood Lane	3	2.5	$343,000	71	07/13/2012
511 Yale Avenue	3	1.0	$191,000	7	07/24/2012
801 Yale Avenue – 1020	2	2.0	$172,500	13	07/26/2012

* DOM = Days On Market

 

Financing Methods

– Conventional Mortgage -5 transactions

– Cash – 1 transaction

– FHA Mortgage – 1 transaction

 

A Seller Assist was present in 3 of the 7 Swarthmore PA homes sold in July 2012 ranging from $6,000 to $20,000.

– 301 N Swarthmore Avenue  – $20,000

– 25 Dogwood Lane – $18,000

– 511 Yale Avenue – $6,000

 

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

 

Swarthmore July 2012 Activity vs July 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	7	$668,429*	15	96.77%	97.22%
2012	7	$361,514	45	95.67%	99.43%
	0.0%	-48.9%	200.0%	-1.10%	2.21%

*NOTE: There were 3 homes sold in July 2011 with selling prices exceeding $900,000.