During the 2nd quarter of 2014 in Wallingford PA there were a total of 75 closed sales, a heathly 19.05% increase and 12 homes better than last year. However the average sales price fell slightly to $307,777, a decrease of 2.16%, and a dollar decrease of $6,779. This marks the second consecuitive quarter that prices have dropped and closed sales have increased. The 1st quarter 2014 saw a deeper dip – a 30.93% decrease – in average selling price compared to last year, so a bright spot is that the slide this quarter was not as extreme.
There were 11 more single family detached homes sold this quarter but there was a drop in the average price of $16,249 to $357,024 which represents a 4.5% decrease. On the positive side Days On Market for the market as a whole fell by 22.2% to 94 days with townhomes representing the fastest selling category with an average of 49 Days On Market.
At halftime of 2014 Wallingford PA has seen closed sales rise from 90 in 2013 to 114 this year – a 26.7% jump in homes sold, but this is accompanied by a drop in the average selling price from $324,437 at mid year 2013 to $284,593 this year. This $39,844 drop in average selling price represent a 12.28% drop in the average selling price year over year.
May 2014 was the sole month were the average price was in positive territory compared with last year during the first half of 2014, the other 5 months prices were down by as much as 33.5% relative to the same month of 2013.
There were 20 closed sales in April, 22 in May, and 33 in June which was the best June in units since 2008.
WALLINGFORD PA 2ND QUARTER 2013 VS 2ND QUARTER 2014
|
SALES |
AVERAGE |
DOM |
STL TO ORIG |
STL TO LAST |
|
|
2013 |
63 |
$314,556 |
121 |
93.21% |
96.36% |
|
2014 |
75 |
$307,777 |
94 |
94.57% |
96.30% |
|
19.05% |
-2.16% |
-22.31% |
-1.36% |
-0.06% |
WALLINGFORD PA 2ND QUARTER 2014 SALES BY PRICE RANGE
|
RANGE |
SALES |
|
< 100K |
4 |
|
100K – 200K |
18 |
|
200K – 300K |
15 |
|
300K – 400K |
18 |
|
400K – 500K |
10 |
|
500K – 600K |
7 |
|
600K – 700K |
3 |
Wallingford PA Single Homes Sold 2nd Quarter 2014 – 56 Sales
| Avg Price | Median Price | Low | High | Days Listed |
| $351,638 | $332,500 | $75,000 | $699,000 | 90 |
Wallingford PA Townhouses Sold 2nd Quarter 2014 – 7 Sales
| Avg Price | Median Price | Low | High | Days Listed |
| $242,071 | $210,000 | $189,000 | $425,000 | 49 |
Wallingford PA Condos Sold 2nd Quarter 2014 – 7 Sales
| Avg Price | Median Price | Low | High | Days Listed |
| $104,786 | $105,000 | $80,000 | $142,000 | 132 |
Wallingford PA Twins Sold 2nd Quarter 2014 – 4 Sales
| Avg Price | Median Price | Low | High | Days Listed |
| $152,975 | $156,000 | $100,000 | $199,000 | 197 |
Wallingford PA Rowhomes Sold 2nd Quarter 2014 – 1 Sale
| Avg Price | Median Price | Low | High | Days Listed |
| $50,000 | $50,000 | $50,000 | $50,000 | 5 |
WALLINGFORD PA 2ND QUARTER 2014 MONTHLY PRICES
Wallingford PA Real Estate – Wallingford, PA 19086
