Archives for November 2015

Wallingford PA Real Estate – November 16, 2015 To November 22, 2015

November 24, 2015 by admin

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

There are 80 homes listed for sale in Wallingford PA and Nether Providence Township on November 24, 2015 with an average asking price of $349,625.

According to the National Association of Home Builders the standard sized new home has been approximately 1,800 square feet since 2000 – which mostly stayed steady for several years. But lately, the standard new home has swelled to 2,200 square feet. Where is all of that extra space going? Bathrooms.

Wallingford Market Snapshot – 80 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$349,625	$334,500	$91,000	$839,000	132

Single/Twin Market Snapshot – 57 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$413,458	$389,500	$91,000	$839,000	148

Townhouse/Condo Market Snapshot – 23 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$191,430	$179,900	$97,900	$399,900	94

*DOM = Days On Market

1 Wallingford PA home went under contract

2 new listings came onto the market

No listings expired

No listings were withdrawn from the market

25 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold November 16, 2015 To November 22, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
600 Ryanard Road	4	1.1	$200,000	11/17/15	375
211 Walnut Road	3	2.0	$145,000	11/17/15	57
305 Media Parkway	3	2.0	$229,900	11/18/15	53
AVERAGE			$191,633		162

*DOM = Days On Market

– 305 Media Parkway sold with a $8,500 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 9, 2015 To November 15, 2015

November 17, 2015 by admin

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

There are 79 homes listed for sale in Wallingford PA and Nether Providence Township on November 17, 2015 with an average asking price of $356,734.

Home sellers in the United States overall have about $40,000 in equity in their property, a median 23% gain from their time of purchase.

One group of home sellers is faring much worse than everyone else when measuring the amount of equity that they have in their homes, according to new data from the National Association of Realtors.

Those who bought their homes 8 to 10 years ago — 2005 to 2007, at the height of the real estate bubble — have gained almost no equity in that time, an average of just $3,000 or 1%, said Jessica Lautz, the NAR’s managing director of survey research and communication.

Wallingford Market Snapshot – 79 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$356,734	$339,000	$91,000	$839,000	123

Single/Twin Market Snapshot – 58 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$415,291	$389,500	$91,000	$839,000	133

Townhouse/Condo Market Snapshot – 21 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$195,005	$179,900	$99,000	$399,900	95

*DOM = Days On Market

3 Wallingford PA homes went under contract

2 new listings came onto the market

No listings expired

No listings were withdrawn from the market

27 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold November 9, 2015 To November 15, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
4 Fairhill Road	3	1.1	$350,000	11/09/15	38
AVERAGE			$350,000		38

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 2, 2015 To November 8, 2015

November 10, 2015 by admin

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

There are 78 homes listed for sale in Wallingford PA and Nether Providence Township on November 10, 2015 with an average asking price of $359,671.

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

Wallingford Market Snapshot – 78 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$359,671	$339,250	$91,000	$839,000	125

Single/Twin Market Snapshot – 57 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$420,127	$389,500	$91,000	$839,000	139

Townhouse/Condo Market Snapshot – 21 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$195,576	$179,900	$99,000	$399,900	88

*DOM = Days On Market

4 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

26 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold November 2, 2015 To November 8, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
233 Canterbury Drive	4	3.0	$346,000	11/05/15	31
AVERAGE			$346,000		31

*DOM = Days On Market

233 Canterbury sold with a $250 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

2015 Buyer And Seller Profile – Infographic

November 5, 2015 by admin

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – October 2015

November 4, 2015 by admin

Autumn Splendor – Skyline Drive – Virginia

October home sales in Wallingford PA were dramatically higher than last October with 16 closed transactions versus 9 closed transactions last year. The average selling price rose by $66,761 to $298,928 – a 28.8% increase over last year. October sales were comprised of 14 single family homes and 2 condominiums. A total of $4,782,850 real estate changed hands during the month.

October’s 14 single family homes sold for an average price of $326,418 and averaged 55 days on the market. Last October 6 single family homes sold for an average price of $289,250 and spent an average of 97 days on the market. This marks a 12.8% increase in the average selling price.

210 Wisteria Lane in Jordan Estates had the highest selling price for the month at $695,000.

For the year to date through October the number of closed transactions stands at 188 vs 184 for the same time period last year. The average selling price is ahead of last year by 4.6%, coming in at $311,906.

Twelve listings went under contract during the month – 8 single family homes, 2 townhouses, and 2 twins with an average asking price of $322,125 and an average of 88 Days On Market.

There are 21 future settlements scheduled with 11 in November, 9 in December, and 1 in January.

Wallingford PA Closed Home Transactions October 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
857 Parkridge Drive	4	2.1	$435,000	10/01/15	26
308 Media Parkway	3	2.1	$268,500	10/02/15	14
512 Hastings Avenue	2	1.0	$180,000	10/07/15	130
306 Ryanard Road	2	1.0	$166,900	10/09/15	158
224 Fildes Lane	4	2.0	$257,500	10/09/15	3
420 Turner Road	4	2.1	$292,500	10/14/15	78
7 Waterville Road	3	1.1	$237,000	10/15/15	128
706 Hemlock Road	5	2.1	$390,000	10/15/15	24
700 W Brookhaven Road	4	2.2	$188,000	10/16/15	23
842A Putnam Blvd	2	1.0	$98,000	10/16/15	22
407 Turner Road	4	2.1	$400,000	10/16/15	3
700 Avondale Road #5A	2	2.0	$105,000	10/16/15	43
420 Oak Valley Road	4	2.0	$422,000	10/23/15	4
210 Wisteria Lane	4	4.1	$695,000	10/28/15	1
210 Grandview Road	3	1.1	$300,000	10/28/15	138
39 Green Valley Road	3	1.1	$347,500	10/30/15	43
AVERAGE			$298,928		52

* DOM = Days On Market

11 of 16 transactions had a Seller Assist:

– 512 Hastings Avenue – $8,000

– 306 Ryanard Road – $1,250

– 7 Waterville Road – $7,071

– 706 Hemlock Road – $4,600

– 700 W Brookhaven Road – $5,640

– 842A Putnam Blvd – $500

– 700 Avondale Road #5A – $6,300

– 407 Turner Road – $7,500

– 420 Oak Valley Road – $1,200

– 210 Wisteria Lane – $5,000

– 39 Green Valley Road – $2,500

Financing Methods

– Conventional Mortgage – 11 transactions

– Cash – 2 transactions

– FHA Mortgage – 2 transactions

– Other – 1 transaction

**WALLINGFORD SINGLE HOMES – OCTOBER 2015 – 14 SALES**
Avg Price	Median Price	Low	High	DOM*
$326,418	$296,250	$166,900	$695,000	55

**WALLINGFORD CONDOS – OCTOBER 2015 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$101,500	$101,500	$98,000	$105,000	33

**WALLINGFORD – OCTOBER 2014 VS OCTOBER 2015**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2014	9	$232,167	79	89.70%	95.25%
2015	16	$298,928	52	93.58%	97.56%
	77.8%	28.8%	-34.2%	3.88%	2.31%

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for November 2015

S. Clark Kendus