Archives for December 2015

Wallingford PA Real Estate – December 14, 2015 To December 20, 2015

December 22, 2015 by admin

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

There are 70 homes listed for sale in Wallingford PA and Nether Providence Township on December 22, 2015 with an average asking price of $305,720.

The level of households who rent in the country is up to 37%, the highest it has been in 50 years. With nearly 8 million homes lost to foreclosure over the past decade, many residents are instead choosing to rent. Average household income has regressed, falling back to 1995 levels, making renting a more viable option over owning a home.

Nearly 9 million more individuals and families are renting in 2015 compared to 2005

Wallingford Market Snapshot – 70 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$305,720	$291,900	$77,500	$799,000	128

Single/Twin Market Snapshot – 45 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$375,447	$354,900	$95,000	$785,000	145

Townhouse/Condo Market Snapshot – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$180,210	$169,900	$77,500	$399,900	97

*DOM = Days On Market

1 Wallingford PA home went under contract

1 new listing came onto the market

1 listing expired

3 listings were withdrawn from the market

10 homes are Under Contract at this time

8 Wallingford PA homes sold last week

Wallingford Homes Sold December 14, 2015 To December 20, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
315 Prichard Lane	4	2.1	$325,000	12/15/15	90
209 Wisteria Lane	3	3.2	$659,000	12/17/15	66
507 Morris Lane	3	2.1	$340,000	12/17/15	71
783 Pennsylvania Avenue	2	1.0	$115,000	12/17/15	8
8 W Brookhaven Road	4	3.0	$530,000	12/18/15	133
607 Vernon Street	3	2.1	$220,000	12/18/15	91
417 Briarwood Road	3	1.1	$380,000	12/18/15	13
108 Governors Drive	3	1.1	$225,000	12/18/15	1
AVERAGE			$348,000		59

*DOM = Days On Market

2 of 8 homes sold with a Seller Assist:

– 315 Prichard Lane – $9,500

– 783 Pennsylvania Avenue – $3,450

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 7, 2015 To December 13, 2015

December 15, 2015 by admin

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

There are 73 homes listed for sale in Wallingford PA and Nether Providence Township on December 15, 2015 with an average asking price of $315,249.

The foreclosure crisis is continuing to fade. RealtyTrac’s U.S. Foreclosure Market Report for November showed that foreclosure filings – which include default notices, scheduled auctions, and bank repossessions – fell nearly 10% month-over-month and are down more than 7% from a year ago at 104,111 U.S. properties in November.

The drop was mostly attributed to a 15% month-over-month drop in foreclosure starts with 41,208 properties starting the foreclosure process for the first time in November. That marks the lowest monthly total since May 2005, RealtyTrac reports.

Locally in Wallingford there have been 12 Bank Owned Foreclosure sales reported through the end of November which matches the total through November 2014.

Wallingford Market Snapshot – 73 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$315,249	$299,900	$77,500	$799,000	132

Single/Twin Market Snapshot – 47 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$387,474	$359,000	$99,800	$799,000	149

Townhouse/Condo Market Snapshot – 26 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$184,688	$176,950	$77,500	$399,900	103

*DOM = Days On Market

No Wallingford PA homes went under contract

2 new listings came onto the market

1 listing expired

3 listings were withdrawn from the market

16 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold December 7, 2015 To December 13, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
214 Emerald Lane	3	1.1	$143,000	12/10/15	39
3 Chester Road	3	1.0	$145,200	12/11/15	8
AVERAGE			$141,100		24

*DOM = Days On Market

214 Emerald Lane sold with a $4,290 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 30, 2015 To December 6, 2015

December 8, 2015 by admin

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

There are 75 homes listed for sale in Wallingford PA and Nether Providence Township on December 8, 2015 with an average asking price of $327,785.

Freddie Mac economists claim baby boomers, who control two thirds of all home equity in approximately 32 million homes, are not selling their homes like previous generations and not downsizing fast enough, which is leading to shortages of homes for sale and rising prices.

Wallingford Market Snapshot – 75 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$327,785	$319,900	$77,500	$839,000	133

Single/Twin Market Snapshot – 51 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$395,035	$369,000	$99,900	$839,000	147

Townhouse/Condo Market Snapshot – 24 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$184,879	$176,950	$77,500	$399,900	104

*DOM = Days On Market

1 Wallingford PA home went under contract

3 new listings came onto the market

No listings expired

No listings were withdrawn from the market

18 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold November 30, 2015 To December 6, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
106 Sackville Mills Lane	4	3.1	$484,500	11/30/15	165
124 Wallingford Avenue	3	1.1	$215,000	12/03/15	213
1015 Putnam Blvd	3	2.1	$192,000	12/04/15	6
212 Hempstead Lane	4	3.1	$685,584	12/04/15	6
701 Concord Court	1	1.0	$53,000	12/04/15	11
AVERAGE			$326,017		80

*DOM = Days On Market

3 homes sold with a Seller Assist:

– 106 Sackville Mills Lane – $4,845

– 134 Wallingford Avenue – $12,900

– 701 Concord Court – $3,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 2015

December 7, 2015 by admin

Leiper House November Collage

November home sales in Wallingford PA fell two units short of November 2014 with 8 closed transactions versus 10 closed transactions last year. The average selling price fell by $66,761 to $270,225 – a 29.4% decrease over last year. November sales were comprised of 8 single family homes. A total of $2,161,800 in real estate changed hands during the month.

November’s 8 single family homes sold for an average price of $270,225 and averaged 97 days on the market. Last November also recorded 8 single family home sales that sold for an average price of $401,875 and spent an average of 181 days on the market.

106 Sackville Mills Lane had the highest selling price for the month at $484,500.

For the year to date through November the number of closed transactions stands at 197 vs 194 for the same time period last year. The average selling price is ahead of last year by 2.2%, coming in at $309,340.

Ten listings went under contract during the month – 9 single family homes and 1 townhouse – with an average asking price of $374,830 and an average of 68 Days On Market.

There are 18 settlements scheduled in December and 4 in January.

Wallingford PA Closed Sales – November 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
233 Canterbury Drive	4	3.0	$346,000	11/05/15	31
204 Ryanard Road	4	2.1	$259,900	11/06/15	28
4 Fairhill Road	3	1.1	$350,000	11/09/15	38
215 Chestnut Parkway	4	2.0	$146,500	11/13/15	31
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
106 Sackville Mills Lane	4	3.1	$484,500	11/30/15	165
AVERAGE			$270,225		97

* DOM = Days On Market

4 of 8 transactions had a Seller Assist:

– 233 Canterbury Drive – $250

– 204 Ryanard Road – $10,396

– 305 Media Parkway – $8,500

– 106 Sackville Mills Lane – $4,845

Financing Methods

– Conventional Mortgage – 3 transactions

– Cash – 2 transactions

– FHA Mortgage – 2 transactions

– VA Mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES – NOVEMBER 2015 – 8 SALES**
Avg Price	Median Price	Low	High	DOM*
$270,225	$224,900	$145,000	$484,500	97

**WALLINGFORD – NOVEMBER 2014 VS NOVEMBER 2015**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2014	10	$383,000	166	89.16%	95.39%
2015	8	$270,225	97	94.14%	96.16%
	-20.0%	-29.4%	-41.6%	4.98%	0.77%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 23, 2015 To November 29, 2015

December 1, 2015 by admin

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

There are 77 homes listed for sale in Wallingford PA and Nether Providence Township on December 1, 2015 with an average asking price of $337,583.

Sales of new single-family homes rose 10.7% in October, finally a major sign that backs up the sentiment from builders that the sector is on the mend. The Commerce Department reported that newly built, single-family homes rose to a seasonally adjusted annual rate of 495,000 units in October.

Wallingford Market Snapshot – 77 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$337,583	$320,000	$77,500	$839,000	130

Single/Twin Market Snapshot – 52 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$411,992	$374,500	$99,900	$839,000	147

Townhouse/Condo Market Snapshot – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$185,812	$175,000	$77,500	$399,900	93

*DOM = Days On Market

1 Wallingford PA home went under contract

3 new listings came onto the market

No listings expired

No listings were withdrawn from the market

23 homes are Under Contract at this time

No Wallingford PA homes sold last week

Wallingford Homes Sold November 23, 2015 To November 29, 2015
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for December 2015

S. Clark Kendus