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February 2016 – Page 2

Wallingford PA Real Estate

By Clark Kendus

Archives for February 2016

Wallingford PA Real Estate – February 1, 2016 To February 7, 2016

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Wallingford PA Real Estate - Wallingford - Wallingford Market Review

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

There are 72 homes listed for sale in Wallingford PA and Nether Providence Township on February 9, 2016 with an average asking price of $316,804.

On average renters can break even after two years or less when buying a new home in 70% of the country’s metropolitan areas according to a Zillow analysis. Rising rents coupled with low mortgage rates have contributed to the financial advantages of owning versus renting in the majority of the country.

Wallingford Market Snapshot – 72 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$316,804 $317,450 $69,900 $785,000 146
Single/Twin Market Snapshot – 48 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$391,931 $377,450 $79,700 $785,000 164
Townhouse/Condo Market Snapshot – 24 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$166,550 $164,900 $69,900 $399,900 112

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

16 homes are Under Contract at this time

No Wallingford PA homes sold last week

Wallingford Homes Sold February 1, 2016 To February 7, 2016
ADDRESS BED BATH PRICE SETTLED DOM*
– No Homes Sold –

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Community Spotlight – Crum Creek Valley Condominiums

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700 Building - Crum Creek Valley

700 Building – Crum Creek Valley

Crum Creek Valley is a condominium complex in Wallingford located on Avondale Road off Route 320 – Chester Pike. It consists of  two high rise buildings whose addresses are 700 Avondale Road and 800 Avondale Road. The 700 building was built in 1985 and has 82 residential units, and the 800 building was constructed in 1988 and houses 117 residential units.

Crum Creek Valley Pool

Crum Creek Valley Pool

The monthly association fees range from approximately $234 to $474 depending on unit size. The monthly fee includes ground maintenance, common area maintenance, exterior maintenance, snow and trash removal, swimming pool, and tennis court. Some units have indoor parking spaces which are located on the ground floor of both buildings.

The 1 bedroom units average 796 square feet, 2 bedroom units average 1,083 square feet and 3 bedroom units average 1,848 square feet. Taxes for the tax year 2017 were approximately $3,458 for 1 bedroom units, $4,147 for 2 bedroom units, and $5,600 for 3 bedroom units.

Building 700 has 20 one bedroom units and 62 two bedroom units. Building 800 has 70 one bedroom units, 28 two bedroom units, and 19 three bedroom units.

Elementary school students residing in Crum Creek Valley attend the Swarthmore Rutledge School in Swarthmore.

View all Crum Creek Condos For Sale

Crum Creek Valley Sales 2024
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #5L 3 2.0 $280,000 02/02/24 5
800 Avondale Road #2N 1 1.0 $168,000 03/13/23 5
AVERAGE $224,000 5

*DOM = Days On Market

Crum Creek Valley Sales 2023
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #5H 1 1.0 $163,000 01/11/23 32
700 Avondale Road PH2 2 2.0 $200,000 02/22/23 5
800 Avondale Road #5J 3 2.0 $235,000 03/31/23 9
800 Avondale Road #5K 2 2.0 $185,000 06/06/23 4
700 Avondale Road #5F 2 2.0 $255,000 06/29/23 4
800 Avondale Road #2P 1 1.0 $165,000 08/28/23 9
700 Avondale Road #4B 2 2.0 $212,750 09/08/23 18
800 Avondale Road #3P 1 1.0 $170,000 09/15/23 5
AVERAGE $198,219 11

*DOM = Days On Market

Crum Creek Valley Sales 2022
ADDRESS BED BATH PRICE SETTLED DOM*
700 Avondale Road #PH4 3 2.0 $127,000 02/22/22 7
800 Avondale Road #7C 2 2.0 $164,900 02/25/22 3
800 Avondale Road #2D 3 2.0 $250,000 03/02/22 2
800 Avondale Road #6A 1 1.0 $150,000 04/06/22 4
700 Avondale Road #5E 2 2.0 $225,000 04/22/22 11
800 Avondale Road #3G 2 2.0 $197,000 04/29/22 12
800 Avondale Road #PH17 1 1.0 $143,000 06/14/22 20
800 Avondale Road #3G 1 1.0 $162,500 06/23/22 8
700 Avondale Road #2F 2 2.0 $186,000 07/11/22 38
800 Avondale Road #7G 2 2.0 $185,000 07/13/22 36
700 Avondale Road #6F 2 2.0 $185,000 07/22/22 32
700 Avondale Road #PH1 2 2.0 $200,000 08/29/22 15
700 Avondale Road #2I 2 2.0 $195,000 08/31/22 41
700 Avondale Road #4L 2 2.0 $196,000 08/31/22 3
700 Avondale Road #PH10 2 2.0 $250,000 10/27/22 16
AVERAGE $187,760 16

*DOM = Days On Market

Crum Creek Valley Sales 2021
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #6G 2 2.0 $135,500 02/09/21 1
800 Avondale Road #PH11 2 2.0 $160,000 04/30/21 5
700 Avondale Road #PH8 1 1.0 $143,000 05/12/21 4
800 Avondale Road #3J 3 2.0 $179,900 05/24/21 53
800 Avondale Road #2M 1 1.0 $139,000 06/11/21 15
800 Avondale Road #4M 1 1.0 $150,000 07/23/21 5
800 Avondale Road #2D 3 2.0 $206,500 07/27/21 9
800 Avondale Road #4L 3 2.0 $185,000 11/01/21 37
800 Avondale Road #4J 3 2.0 $187,000 12/09/21 7
AVERAGE $165,100 15

*DOM = Days On Market

Crum Creek Valley Sales 2020
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #6F 1 1.0 $98,891 01/16/20 24
800 Avondale Road #4M 1 1.0 $107,500 02/28/20 42
800 Avondale Road #3O 2 2.0 $140,000 03/20/20 32
800 Avondale Road #7H 1 1.0 $119,988 03/20/20 24
800 Avondale Road #6E 1 1.0 $121,679 04/22/20 40
800 Avondale Road #2M 1 1.0 $90,000 05/05/20 12
800 Avondale Road #4E** 1 1.0 $70,500 06/23/20 86
800 Avondale Road #2H 1 1.0 $113,500 08/07/20 3
800 Avondale Road #PH17 1 1.0 $129,900 08/19/20 6
800 Avondale Road #PH7 2 2.0 $129,500 08/26/20 59
700 Avondale Road #4F 2 2.0 $125,000 08/31/20 30
700 Avondale Road #5J 2 2.0 $128,500 10/02/20 6
800 Avondale Road #6C 2 2.0 $135,000 10/26/20 18
800 Avondale Road #7N 1 1.0 $114,500 12/18/20 22
AVERAGE $115,325 29

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Sales 2019
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #3N 1 1.0 $89,999 01/10/19 5
700 Avondale Road #2J 2 2.0 $132,000 01/30/19 79
800 Avondale Road #3C 2 2.0 $134,900 03/29/19 10
700 Avondale Road PH5 1 1.0 $112,500 06/27/19 17
700 Avondale Road #5E 2 2.0 $110,000 07/29/19 6
800 Avondale Road #3E 1 1.0 $100,000 07/31/19 59
800 Avondale Road #6F 1 1.0 $110,000 08/12/19 31
800 Avondale Road #3I 1 1.0 $105,000 08/27/19 31
800 Avondale Road #2A 1 1.0 $104,000 10/01/19 121
700 Avondale Road #4D 2 2.0 $126,500 10/18/19 43
700 Avondale Road PH12 2 2.0 $145,000 11/15/19 11
700 Avondale Road #4H 1 1.0 $100,000 11/18/19 142
700 Avondale Road #3E 2 2.0 $126,900 11/20/19 4
700 Avondale Road #5F 2 2.0 $122,990 12/09/19 12
800 Avondale Road #5G 2 2.0 $132,000 12/20/19 17
AVERAGE $115,753 42

*DOM = Days On Market

Crum Creek Valley Sales 2018
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #3L** 3 2.0 $178,000 03/09/18 106
800 Avondale Road #6N 1 1.0 $72,000 04/30/18 10
700 Avondale Road #PH11 2 1.0 $136,500 07/10/18 287
800 Avondale Road #2P 1 1.0 $82,000 08/03/18 10
700 Avondale Road #PH5 1 1.0 $85,000 10/03/18 39
800 Avondale Road #5D 3 2.0 $212,000 10/29/18 14
800 Avondale Road #7B 1 1.0 $90,000 10/30/18 4
700 Avondale Road #7C 2 2.0 $129,900 11/01/18 12
800 Avondale Road #7P** 1 1.0 $77,000 11/06/18 10
AVERAGE $117,599 55

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Sales 2017
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #3I 1 1.0 $67,000 01/25/17 67
700 Avondale Road #7H 1 1.0 $85,000 05/04/17 71
700 Avondale Road #7E 2 2.0 $105,000 05/15/17 50
700 Avondale Road #6I 2 2.0 $115,000 07/19/17 23
700 Avondale Road #3E 2 2.0 $105,000 07/27/17 99
800 Avondale Road #2D 3 2.0 $184,300 08/31/17 35
700 Avondale Road #3B 2 2.0 $110,000 09/29/17 5
800 Avondale Road #5C 2 2.0 $125,000 10/13/17 3
800 Avondale Road #7E 1 1.0 $67,000 11/28/17 12
800 Avondale Road #3B 1 1.0 $84,000 12/15/17 12
AVERAGE $104,230 38

*DOM = Days On Market

Crum Creek Valley Sales 2016
ADDRESS BED BATH PRICE SETTLED DOM*
700 Avondale Road #2E 2 2.0 $115,000 01/26/16 15
700 Avondale Road #2I 2 2.0 $108,000 05/31/16 22
800 Avondale Road #6G 2 2.0 $95,000 06/29/16 125
700 Avondale Road #6H 1 1.0 $52,500 07/19/16 172
800 Avondale Road #PH10 3 2.0 $215,000 07/25/16 55
800 Avondale Road #6O 2 2.0 $123,000 08/26/16 5
700 Avondale Road #3G** 2 2.0 $87,000 08/29/16 111
800 Avondale Road #4D 2 2.0 $117,500 08/31/16 10
800 Avondale Road #4M 1 1.0 $88,900 09/30/16 10
800 Avondale Road #7K 1 1.0 $65,750 11/29/16 12
700 Avondale Road #6D 2 12.0 $86,000 12/28/16 434
AVERAGE $104,877 123

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Sales 2015
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #4A 1 1.0 $80,000 04/29/15 10
800 Avondale Road #2D 3 2.0 $124,900 05/22/15 29
700 Avondale Road #3L 2 2.0 $110,000 05/27/15 108
700 Avondale Road #6C 2 2.0 $100,000 05/29/15 196
700 Avondale Road #3D 2 2.0 $103,500 06/05/15 9
700 Avondale Road #5C 2 2.0 $112,000 06/22/15 50
800 Avondale Road #PH14** 1 1.0 $83,000 07/10/15 82
700 Avondale Road #6E 2 2.0 $100,000 07/28/15 229
800 Avondale Road #4I 1 1.0 $68,000 08/11/15 123
700 Avondale Road #5A 2 2.0 $105,000 10/16/15 43
AVERAGE $98,640 82

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Sales 2014
ADDRESS BED BATH PRICE SETTLED DOM*
700 Avondale Road #PH1 2 2.0 $142,000 05/29/14 216
700 Avondale Road #3C** 2 2.2 $80,000 08/22/14 48
700 Avondale Road #6G 2 2.0 $110,000 10/17/14 41
AVERAGE $110,667 102

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Sales 2013
ADDRESS BED BATH PRICE SETTLED DOM*
700 Avondale Road #4A 2 2.0 $113,800 05/14/13 923
700 Avondale Road #3L** 2 2.0 $103,000 06/19/13 14
700 Avondale Road #4D 2 2.0 $120,000 06/28/13 49
700 Avondale Road #7K 1 1.0 $77,000 08/12/13 123
800 Avondale Road #6D** 3 2.0 $112,000 08/29/13 135
800 Avondale Road #3P 1 1.0 $68,000 08/29/13 45
800 Avondale Road #7G 2 2.0 $115,000 10/07/13 167
700 Avondale Road #4E** 2 2.0 $90,000 11/01/13 127
800 Avondale Road #7H** 1 1.0 $66,000 12/16/13 218
AVERAGE $96,089 200

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Sales 2012
ADDRESS BED BATH PRICE SETTLED DOM*
700 Avondale Road #6I 2 2.0 $110,000 01/16/12 50
800 Avondale Road #6J 3 2.0 $138,000 04/23/12 205
700 Avondale Road #4G** 2 2.0 $120,000 05/08/12 140
800 Avondale Road #7L 3 2.0 $145,000 05/14/12 176
800 Avondale Road #4G 2 2.0 $115,000 08/01/12 184
800 Avondale Road #PH17 1 1.0 $106,000 10/15/12 112
800 Avondale Road #PH16  1  1.0 $110,000 11/16/12 140
AVERAGE $120,571 144

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Sales 2011
ADDRESS BED BATH PRICE SETTLED DOM*
700 Avondale Road #7C 2 2.0 $152,000 02/24/11 337
800 Avondale Road #2A 1 1.0 $106,000 03/30/11 254
800 Avondale Road #6Q 1 1.0 $103,500 04/15/11 41
700 Avondale Road #7G 2 2.0 $110,000 11/28/11 121
AVERAGE $117,875 188

*DOM = Days On Market

Crum Creek Valley Sales 2010
ADDRESS BED BATH PRICE SETTLED DOM*
800 Avondale Road #PH15** 2 2.0 $150,000 01/20/10 89
800 Avondale Road #6C 2 2.0 $150,000 06/11/10 369
700 Avondale Road #2F 2 2.0 $152,000 06/21/10 79
800 Avondale Road #5J 3 2.0 $165,000 11/23/10 988
700 Avondale Road #7L 2 2.0 $135,000 11/24/10 4
AVERAGE $150,400 306

*DOM = Days On Market

** =  Recorded in MLS as a Foreclosure Sale

Crum Creek Valley Main Entrance From Avondale Road

Crum Creek Valley Main Entrance From Avondale Road

Wallingford Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 2016

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The January 23 Snowstorm Blanketed Wallingford With Almost 2 Feet Of Sonw

The January 23 Snowstorm Blanketed Wallingford With Almost 2 Feet Of Snow

January home sales in Wallingford PA fell short of last January by 3 homes with 8 homes sold versus 11 homes sold last year. However the average selling price climbed to $332,250 – a 23.4% increase over last year. January sales were comprised of 4 single family homes, 2 condominiums, and 2 townhouses. A total of $2,658,000 in real estate changed hands during the month.

January’s 4 single family homes sold for an average price of $468,500 and averaged only 32 days on the market. Last January 9 single family homes sold for an average price of $313,033 and spent an average of 101 days on the market. This marks a 49.7% increase in the average selling price.

506 Moylan Avenue had the highest selling price for the month at $750,000.

Ten listings went under contract during the month – all single family homes – with an average asking price of $271,370 and an average of 61 Days On Market.

There are 13 future settlements scheduled with 8 in February, 4 in March, and 1 in April.

Wallingford PA Closed Home Transactions January 2016
ADDRESS BED BATH PRICE SETTLED DOM*
211 Sykes Lane 4 2.0 $360,000 01/06/16 4
206 Cricket Lane 4 2.1 $389,000 01/12/16 4
128 Dundee Mills Lane 3 2.1 $370,000 01/13/16 71
340B Saybrook Lane 2 1.0 $96,000 01/22/16 18
700 Avondale Road #2E 2 2.0 $115,000 01/26/16 15
985 Putnam Blvd 3 2.1 $203,000 01/29/16 142
739 Pine Ridge Road 4 2.1 $375,000 01/29/16 85
506 Moylan Avenue 4 3.1 $750,000 01/20/16 35
AVERAGE $332,250 47

* DOM = Days On Market

3 of 8 transactions had a Seller Assist:

– 211 Sykes Lane – $4,300

– 206 Cricket Lane – $5,000

– 985 Putnam Blvd – $4,060

Financing Methods

– Conventional Mortgage – 6 transactions

– Cash – 1 transaction

– FHA Mortgage -1 transaction

WALLINGFORD SINGLE HOMES – JANUARY 2016 – 4 SALES
Avg Price Median Price Low High DOM*
$468,500 $382,000 $360,000 $750,000 32
WALLINGFORD CONDOS – JANUARY 2016 – 2 SALES
Avg Price Median Price Low High DOM*
$105,500 $105,500 $96,000 $115,000 17
WALLINGFORD TOWNHOUSES – JANUARY 2016 – 2 SALES
Avg Price Median Price Low High DOM*
$286,500 $286,500 $203,000 $370,000 107
WALLINGFORD – JANUARY 2015 VS JANUARY 2016
SALES AVERAGE DOM* % ORIG LIST % LAST LIST
2015 11 $269,255 92 89.8% 94.5%
2016 8 $332,250 47 96.2% 97.9%
-27.2% 23.4% -46.4% 6.4% 3.4%

Wallingford PA Real Estate – Wallingford, PA 19086

New Listing – 319 Vassar Avenue – Swarthmore, PA

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319 Vassar

319 Vassar Avenue – Swarthmore, PA 19081

Listed At $579,900

319 Vassar is a 4 bedroom 3 full bath home situated on a double lot in the heart of Swarthmore. Features such as pocket doors, beautiful natural millwork, and hardwood floors all add to the charm and old style craftsmanship of this home. Enter the home into a inviting foyer with a classic staircase. The first floor has a living room with a fireplace, large dining room, and kitchen with granite counter tops and a new double oven gas stove. A full bath on the first floor, pantry, and outside exit to rear deck with stairs to brick patio complete the first floor.

Entry Foyer

Entry Foyer

Living Room

Living Room

Dining Room

Dining Room

Kitchen

Kitchen

Master Bedroom Suite

Master Bedroom Suite

The second floor has 3 bedrooms and a full bath. The upper floor features a spacious Master Bedroom Suite with attached full bath. Complete with central air conditioning and new windows this home is a rare find.

If you have any questions or would like to schedule a visit to this fine home click here to contact me.

Swarthmore Real Estate – Swarthmore, PA 19081

Is Buying A House Sight Unseen A New Trend?

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Wallingford PA Real Estate - Wallingford PA - Front Door

Visiting A Home Before Buying Remains The Norm

I was asked recently by Al Heavens the Philadelphia Inquirer’s Real Estate writer if I had ever sold a house to a client without them seeing it. He was asking because he was working on an article about virtual home sales where a prospective byer never sees the home they are buying in person – they view the home via videos and virtual tours of the home. Some real estate pundits see this as a wave of the future when home buyers just sit in front of their preferred digital device and tour a home virtually through cyberspace.

While this maybe an option for some buyers under certain circumstances it is difficult for me to believe that this will become the norm for the future. How many times do you buy something online only after visiting a store to get a good idea of what the product is really like?

I think the home buying process is a very tactile hands on experience and it is doubtful that such a shopping experience will take hold to any large degree.

And yes I have sold property to a buyer who never saw the home until several weeks after settlement. Read about that experience and more about virtual home buying in Al’s Monday February 2, 2016 Inquirer article – Virtual Home Sales Haven’t Quite Clicked.

Wallingford PA Real Estate – Wallingford, PA 19086

S. Clark Kendus

Sales Associate

Cavanagh Real Estate
112 West Front Street
Media, PA 19063
Cell: (610)-322-6734
Office: (610) 565-4100

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