Archives for August 2015

Wallingford PA Real Estate – August 17, 2015 To August 23, 2015

August 25, 2015 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 90 homes listed for sale in Wallingford PA and Nether Providence Township on August 25, 2015.

The front page banner headline in Sunday’s Inquirer was 2nd quarter sales strong in the Philadelphia region. I was asked by Al Heavens the Inquirer’s Real Estate guru to research what area of Delaware County has seen the strongest growth in real estate during the past year, and it was not a surprise to see that it was real estate in the Rose Tree Media School District with an increase in average selling prices of 25.8% over last year.

During the 2nd quarter Wallingford real estate had the busiest May in over 10 years and the average selling price rose 2.6% over the 2nd quarter of 2014.

Wallingford Market Snapshot – 90 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$337,154	$327,400	$85,000	$849,899	112

Single/Twin Market Snapshot – 75 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$366,293	$339,500	$93,000	$849,899	109

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$191,459	$179,900	$85,000	$400,000	129

*DOM = Days On Market

5 Wallingford PA homes went under contract

4 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

31 homes are Under Contract at this time

4 Wallingford PA homes sold

Wallingford Homes Sold August 17, 2015 To August 23, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
306 Beatty Road	4	3.1	$575,000	08/18/15	69
102 E Rose Valley Road	4	3.0	$400,000	08/19/15	11
34 Green Valley Road	3	1.0	$299,900	08/20/15	277
505 Oakcrest Lane	4	2.1	$465,000	08/21/15	6
AVERAGE			$434,975		91

*DOM = Days On Market

No homes sold with a Seller Assist.

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 10, 2015 To August 16, 2015

August 18, 2015 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 89 homes listed for sale in Wallingford PA and Nether Providence Township on August 18, 2015.

Buyers have been lured into the market with the prospect of the lowest mortgage rates on record during the last few years, but the Federal Reserve has already given plenty of signals that will soon come to an end.

Mortgage rates are already inching up, ever-so-slightly. From January to June, the 30-year fixed-rate mortgage climbed from 3.7% to 4.2 %. Mortgage rates recently have been hovering around 4%.

A 6% interest rate is “normal,” and rates are not expected to hit that point in the next two years, however. Interest rates are predicted to climb to around 5.5% by 2017.

For now, mortgage rates remain low, and in 80 percent of the U.S. markets, it’s more affordable to buy a home than rent, according to realtor.com®.

Wallingford Market Snapshot – 89 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$326,296	$299,900	$85,000	$849,900	108

Single/Twin Market Snapshot – 74 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$357,417	$337,000	$93,000	$849,900	105

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$172,766	$167,500	$85,000	$400,000	123

*DOM = Days On Market

1 Wallingford PA home went under contract

7 new listings came onto the market

2 listings expired

1 listing was withdrawn from the market

27 homes are Under Contract at this time

1 Wallingford PA home sold

Wallingford Homes Sold August 10, 2015 To August 16, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #4L	1	1.0	$68,000	08/11/15	122
401 Blakeley Road	3	1.1	$174,900	08/14/15	67
211 Pembroke Road	4	2.1	$525,000	08/14/15	2
AVERAGE			$255,967		64

*DOM = Days On Market

– 211 Pembroke Road had a $6,200 Seller Assist.

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 2015

August 11, 2015 by admin

Hummingbird Feeding

July 2015 posted 28 sales registering an 7 home increase of 33.3% over last July. The average sales price in came in at $360,145 which is a robust 28.74% increase in average sales price over last year. The 28 sales were comprised of 23 single family homes, 2 condos, 2 townhomes, and 1 twin home.

The 21 single family homes sold for an average price of $409,720 and averaged 61 days on the market. This marks the highest average selling price for singles year to date. Single homes continued to be in high demand as 9 sold in 14 days or less. Last July single family homes sold for an average price of $292,284.

The highest selling price for the month was $970,000 for 601 Beatty Road.

There were 14 listings that went under contract during the month – 12 single family homes, 3 townhomes, 1 condo, and 1 twin. The average asking price was $324,100.

There are are 25 future settlements scheduled with 14 in August, 10 in September, and 1 in October.

Wallingford PA Closed Home Transactions July 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
820 Meredith Drive	5	4.1	$519,000	07/01/15	128
207 Copples Lane	4	3.0	$350,000	07/01/15	27
369 Saybrook Lane	2	2.1	$167,500	07/01/15	155
618 Morris Lane	4	3.1	$360,000	07/01/15	104
206 Pine Road	3	1.1	$222,000	07/01/15	9
722 Pine Ridge Road	3	1.1	$232,000	07/06/15	9
101 Beech Road	3	1.1	$215,100	07/08/15	25
8 Green Valley Road	3	1.1	$287,000	07/08/15	8
800 Avondale Road PH14	1	1.0	$83,000	07/10/15	82
201 Cooper Drive	5	2.1	$327,000	07/14/15	28
603 Georgetown Road	4	2.1	$365,000	07/15/15	371
971 Putnam Blvd	3	2.1	$209,000	07/15/15	42
331 Callender Lane	4	2.0	$369,450	07/15/15	8
206 Dogwood Lane	5	3.1	$320,000	07/15/15	31
201 Copples Lane	4	2.1	$399,500	07/15/15	6
116 S Providence Road	7	4.1	$582,500	07/16/15	100
611 Vernon Street	3	1.0	$101,000	07/16/15	136
206 Woodward Road	5	2.1	$515,000	07/16/15	8
206 Ash Road	2	1.0	$200,000	07/16/15	4
207 Fox Lane	5	2.1	$595,000	07/17/15	6
918 Truepenny Road	5	3.1	$430,000	07/17/15	99
611 Scott Lane	3	2.0	$375,000	07/21/15	225
700 Avondale Road #6E	2	2.0	$100,000	07/28/15	216
204 Turner Road	4	4.1	$645,000	07/29/15	109
601 Beatty Road	3	4.0	$970,000	07/30/15	33
778 Pennsylvania Avenue	3	1.0	$136,000	07/30/15	15
902 Penn Valley Road	4	2.2	$410,000	07/30/15	39
209 Fox Lane	5	2.1	$600,000	07/31/15	6
AVERAGE			$360,145		72

* DOM = Days On Market

13 of 28 transactions had a Seller Assist:

– 820 Meredith Drive – $19,000

– 207 Copples Lane – $8,750

– 618 Morris Lane – $10,000

– 206 Pine Road- $7,000

– 101 Beech Road – $5,000

– 971 Putnam Blvd – $5,000

– 116 S Providence Road – $2,000

– 206 Woodward Road – $5,000

– 918 Truepenny Road – $5,000

– 204 Turner Road – $25,000

– 601 Beatty Road – $14,583

– 778 Pennsylvania Avenue – $8,100

– 209 Fox Lane – $9,000

Financing Methods

– Conventional Mortgage – 18 transactions

– Cash – 7 transactions

– FHA Mortgage – 2 transactions

– VA – 1

207 Copples Lane and 800 Avondale Road PH14 were Bank Owned Foreclosures.

**WALLINGFORD SINGLE HOMES – JULY 2015 – 23 SALES**
Avg Price	Median Price	Low	High	DOM*
$409,720	$369,450	$135,000	$970,000	61

**WALLINGFORD CONDOS – JULY 2015 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$91,500	$91,500	$83,000	$100,000	149

**WALLINGFORD TOWNHOUSES – JULY 2015 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$188,250	$188,250	$167,500	$209,000	99

**WALLINGFORD TWINS – JULY 2015 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$101,000	$101,000	$101,000	$101,000	136

**WALLINGFORD – JULY 2014 VS JULY 2015**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2014	21	$279,733	100	93.38%	98.17%
2015	28	$360,145	72	93.23%	96.17%
	33.3%	28.74%	-28.0%	-0.15%	-2.00%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 3, 2015 To August 9, 2015

August 11, 2015 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 87 homes listed for sale in Wallingford PA and Nether Providence Township on August 11, 2015.

The supply of homes for sale nationally in June fell 6.5% from a year ago, according to a new report from Zillow.

Millions of homeowners still owe more on their mortgages than their homes are worth, or they don’t have enough equity in their homes to afford to move up, leaving them unable to list their homes for sale. Still other potential move-up buyers are afraid they won’t be able to find a home to buy, so they stay where they are.

Inventory levels in Wallingford are slightly lower than last year at this time. In 2014 there were 91 homes on the market, only 4 more than today.

Wallingford Market Snapshot – 87 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$338,879	$309,900	$89,749	$869,900	113

Single/Twin Market Snapshot – 75 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$366,063	$335,000	$93,000	$869,900	106

Townhouse/Condo Market Snapshot – 12 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$168,978	$182,450	$89,749	$289,900	153

*DOM = Days On Market

4 Wallingford PA homes went under contract

8 new listings came onto the market

No listings expired

No listings were withdrawn from the market

29 homes are Under Contract at this time

1 Wallingford PA home sold

Wallingford Homes Sold August 3, 2015 To August 9, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
214 Hillsboro Mills Lane	4	3.1	$370,000	08/06/15	409
AVERAGE			$370,000		409

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 27, 2015 To August 2, 2015

August 4, 2015 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 85 homes listed for sale in Wallingford PA and Nether Providence Township on August 4, 2015.

Average fixed mortgage rates continue to fluctuate week-to-week, with the 30-year fixed-rate mortgage dropping below 4% this week to an average of 3.98% offering temporary relief to home buyers and refinancers after hitting its highest average for the year earlier this month, Freddie Mac reports in its weekly mortgage market survey.

Wallingford Market Snapshot – 85 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$336,278	$299,900	$89,749	$869,900	116

Single/Twin Market Snapshot – 71 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$368,466	$335,000	$93,000	$869,900	112

Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$168,998	$182,450	$89,749	$290,000	138

*DOM = Days On Market

2 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

No listings were withdrawn from the market

22 homes are Under Contract at this time

6 Wallingford PA homes sold

Wallingford Homes Sold July 27, 2015 To August 2, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road 6E	2	2.0	$100,000	07/28/15	216
204 Turner Road	4	4.1	$645,000	07/29/15	109
601 Beatty Road	3	4.0	$970,000	07/30/15	33
902 Penn Valley Road	4	2.2	$410,000	07/30/15	39
778 Pennsylvania Avenue	3	1.0	$135,000	07/30/15	15
209 Fox Lane	5	2.1	$600,000	07/31/15	6
AVERAGE			$476,667		70

*DOM = Days On Market

4 homes sold with a Seller Assist:

– 204 Turner Road – $25,000

– 601 Beatty Road – $14,583

– 778 Pennsylvania Avenue – $8,100

– 209 Fox Lane – $9,000

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for August 2015

S. Clark Kendus