Sledding At Strath Haven High School
January 2014 saw 12 settlements in Wallingford PA which surpasses last year total by 4 homes, and is 50% higher the average of 8 closed sales during January during the past five years. The average sale price of $180,646 was adversely affected by two factors, the sale of 3 distressed properties during the month and the sales of 4 homes under $100,000. Distressed sales – Short Sales and Bank Owned Foreclosures – comprised 25% of January’s units in a category that represented only 6.3% of all sales in 2013. Furthermore 25% of sales in January were for properties under $100,000, a price range that currently represents only 6.8% of active listings and historically 5.3% of total units sold during 2013. The under $100,000 group bottomed out at $42,500 during the month, and the selling price to original price percentage of at 79.85% was weak at best.
I do see this dramatic drop in the average selling price of $83,560 being but an aberration. In another statistical twist the one non townhouse sale was higher than the average selling price for the 11 other homes that sold during the month.
Properties did move significantly quicker in this January than last year, the average Days On Market was 80 compared to 163 last year, and that trend is continuing as inventory has tightened during the month as buyers are very active in the market.
WALLINGFORD PA HOMES SOLD – JANUARY 2014
|
Address |
Bed |
Bath |
Price |
DOM* |
Settled |
|
909 Ash Road |
3 |
2.0 |
$191,000 |
119 |
01/03/14 |
|
1015 Putnam Blvd |
3 |
2.1 |
$197,500 |
25 |
01/10/14 |
|
507 Ryanard Road |
3 |
1.0 |
$88,000 |
15 |
01/13/14 |
|
318 Crestview Circle |
3 |
2.1 |
$320,000 |
33 |
01/14/14 |
|
508 W Brookhaven Road |
5 |
2.1 |
$285,000 |
26 |
01/17/14 |
|
707 Concord Court |
3 |
1.0 |
$42,500 |
40 |
01/17/14 |
|
737 W Brookhaven Road |
4 |
3.0 |
$231,000 |
129 |
01/17/14 |
|
725 Pine Ridge Road |
4 |
2.1 |
$300,000 |
118 |
01/24/14 |
|
400 W Brookhaven Road |
4 |
2.1 |
$202,000 |
223 |
01/24/14 |
|
207 Governors Drive |
3 |
1.1 |
$166,250 |
10 |
01/27/14 |
|
309 Denver Court |
2 |
1.0 |
$52,000 |
29 |
01/27/14 |
|
407 Emerald Street |
2 |
1.0 |
$92,500 |
208 |
01/31/14 |
* DOM = Days On Market
Two of the 12Wallingford PA homes sold in January 2014 had a Seller Assist:
– 508 West Brookhaven Road – $5,000
– 715 Pine Ridge Road- $11,000
Financing Methods
– Cash – 7 transactions
– Conventional Mortgage – 4 transactions
– VA Mortgage -1 transaction
There were 3 distressed property sales in January:
– 707 Denver Court and 309 Denver Court were Bank Owned Foreclosure.
– 400 West Brookhaven Road was a Short Sale.
Wallingford PA Single Homes Sold January 2014 – 11 Sales
| Avg Price | Median Price | Low | High | Days Listed |
| $179,114 | $191,000 | $42,500 | $320,000 | 85 |
Wallingford PA Townhomes Sold January 2014- 1 Sale
| Avg Price | Median Price | Low | High | Days Listed |
| $197,500 | $197,500 | $197,500 | $197,500 | 25 |
WALLINGFORD PA – JANUARY 2013 VS JANUARY 2014
|
SALES |
AVERAGE |
DOM* |
STL TO ORIG |
STL TO LAST |
|
|
2013 |
8 |
$264,206 |
163 |
86.84% |
94.43% |
|
2014 |
12 |
$180,646 |
80 |
85.38% |
90.55% |
|
50.0% |
-31.7% |
-50.9% |
-1.46% |
-3.88% |
* DOM = Days On Market
Looking ahead to upcoming activity, there are 16 homes scheduled to settle in February, 3 in March, and 2 in April
Wallingford PA Real Estate – Wallingford, PA 19086
