Archives for May 2016

Wallingford PA Real Estate – May 2, 2016 To May 8, 2016

May 10, 2016 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 May 10, 2016 with an average asking price of $373,545.

The number of home buyers who say now is a good time to buy dipped to an all-time survey low in Fannie Mae’s latest Home Purchase Sentiment Index. Meanwhile, home owners who say now is a good time to sell soared to an all-time survey high.

The disconnect in the market is likely partially due to the limited number of homes for sale in many markets, allowing sellers to face less competition and ask for higher home prices. On the other hand, home buyers are having fewer choices and stuck paying higher prices, sometimes in multiple-bid situations.

Wallingford Market Snapshot – 89 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$372,545	$350,000	$59,900	$1,225,000	111

Single/Twin Market Snapshot – 68 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$438,148	$3897,450	$95,000	$1,225,000	94

Townhouse/Condo Market Snapshot – 21 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$160,113	$169,900	$59,000	$389,900	163

*DOM = Days On Market

7 Wallingford PA homes went under contract

7 new listings came onto the market

No listings expired

No listings were withdrawn from the market

56 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold May 2, 2016 To May 8, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
7 Mallard Mill Run	3	3.0	$272,000	05/02/16	220
15 Strathmore Court	5	4.1	$799,950	05/02/16	12
519 Wildflower Lane	4	3.2	$686,000	05/02/16	8
1000 Putnam Blvd #501	2	2.0	$120,000	05/03/16	194
782 Pennsylvania Avenue	1	1.0	$66,000	05/03/16	2
621 Morris Lane	3	2.1	$315,000	05/04/16	15
Average			$376,492		75

1 home sold with a Seller Assist:

– 15 Strathmore Court – $2,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – April 2016

May 6, 2016 by admin

Use The Lockbox On The Fence – Crum Creek Valley

The month of April 2016 finished with 14 closed sales in Wallingford falling 4 homes short of last April. The average sales price was $294,714 which represents a 4.8% decrease in the average selling price over 2015. The 14 sales consisted of 10 single family homes, 3 townhouses, and 1 condo. Single family homes sold for an average price of $354,550 and averaged 84 days on the market. Last April 13 single family homes sold for an average price of $379,369 and averaged 67 days on the market.

The highest selling price for the month was $696,500 for 733 Hemlock Road.

There were 27 listings that went under contract during the month – 21 single family homes and 6 townhouses. The average asking price was $345,948.

There are 50 future settlements scheduled with 28 on the books for May, 17 in June, and 5 in July.

Wallingford PA Closed Home Transactions April 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1024 Putnam Blvd	2	2.1	$157,000	04/01/16	72
205 Martroy Lane	4	2.0	$535,000	04/01/16	3
810 Parkridge Drive	3	2.1	$325,000	04/07/16	298
406 Austin Court	2	1.0	$34,000	04/12/16	31
1000 Putnam Blvd #507	1	1.0	$82,000	04/14/16	313
15 Brookside Road	5	4.1	$630,000	04/15/16	252
1310 Putnam Blvd	2	2.1	$159,500	04/15/16	205
109 Treetop Lane	2	1.0	$135,500	04/19/16	45
733 Hemlock Road	4	4.1	$696,500	04/20/16	6
630 Morris Lane	3	2.1	$337,500	04/28/16	166
1096 Putnam Blvd	3	2.1	$182,000	04/28/16	29
624 Georgetown Road	4	1.2	$235,000	04/28/16	10
723 Windsor Place	4	2.1	$337,000	04/29/16	25
110 Westminster Drive	4	2.0	$280,000	04/29/16	2

* DOM = Days On Market

6 of 14 transactions had a Seller Assist:

– 1024 Putnam Blvd – $4,710

– 810 Parkridge Drive – $3,200

– 1000 Putnam Blvd #507 – $2,000

– 1310 Putnam Blvd – $4,500

– 630 Morris Lane – $9,950

– 723 Windsor Place – $10,110

Financing Methods

– Conventional Mortgage – 12 transactions

– Cash – 1 transactions

– VA Mortgage – 1 transaction

109 Treetop Lane was a Bank Owned Forclosure.

**WALLINGFORD SINGLE HOMES – APRIL 2016 – 10 SALES**
Avg Price	Median Price	Low	High	DOM*
$345,550	$331,000	$334,000	$696,500	84

**WALLINGFORD TOWNHOUSES – APRIL 2016 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$166,167	$159,500	$157,000	$182,000	102

**WALLINGFORD CONDOS – APRIL 2016 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$82,000	$82,000	$82,000	$82,000	313

**WALLINGFORD – APRIL 2015 VS APRIL 2016**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	18	$309,489	96	93.3%	95.4%
2016	14	$294,714	104	92.0%	96.5%
	-22.2%	-4.8%	12.5%	-1.3%	1.1%

Wallingford PA Real Estate – Wallingford, PA 19086

Title Insurance Rates In Pennsylvania Have Increased

May 5, 2016 by admin

Effective May 1, 2016 the Title Insurance Rating Bureau of Pennsylvania (TIRBOP) has instituted new title insurance rates for the Commonwealth of Pennsylvania. The rates for Title Insurance in Pennsylvania are increasing 12% and will impact all transactions closing after May 1st. The last increase in Pennsylvania Title Insurance rates was 7% on July 1, 2012.

Wallingford Real Estate – Wallingford, PA 19086

New Listing – 224 N Swarthmore Avenue – Swarthmore, PA

May 4, 2016 by admin

224 N Swarthmore Avenue - A Classic Home With Modern Conveniences

224 N Swarthmore Avenue – A Classic Home Updated For Today’s Living

224 North Swarthmore Avenue – Swarthmore, PA 19081

This elegant 4 bedroom 2.5 bath center hall colonial offers all the charm of the 1930s alongside every comfort of modern living. Step inside for a taste of the lustrous oak floors and fresh neutral paint throughout. The spacious living room features a fireplace with tile surround, the formal dining room boasts a built-in corner cabinet, a light-filled family room is the perfect place to curl up with a book or a movie. The beautifully renovated gourmet kitchen offers ample storage and counter space as well as the tools the chef needs to make magic, including a gas cooktop and two wall ovens. Doors from the kitchen lead to the two-tiered deck, a peaceful oasis with privacy screening, perfect for hosting big parties or sipping coffee on quiet weekends. A first floor laundry room and powder room add convenience to your daily lifestyle. The second floor includes the master bedroom with sumptuously renovated bath featuring double sinks with granite countertop and a large glass stall shower, as well as a walk-in closet. The fourth bedroom can be found on the third floor as well as a cedar closet and storage. Sensible updates include: fresh paint and flooring throughout, new wiring, new roof, new heater, new air conditioning, new sewer and water lines.

Updated Kitchen

Granite Countertops And Center Island

Formal Dining Room

Living Room

Master Bedroom

Deck

Side View

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

Wallingford PA Real Estate – April 25, 2016 To May 1, 2016

May 3, 2016 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 May 3, 2016 with an average asking price of $359,555.

The average median property tax rate across the nation is 1.31%. That translates to a home owner with a home valued at $200,000, on average, paying an annual amount of $2,620 in property taxes, according to an analysis by CoreLogic’s data team.

Illinois has the highest median property tax rate at 2.67%. Hawaii, on the other hand, has the lowest at 0.31%.

In the analysis Pennsylvania home owner’s paid an average of 2.09% of their home’s value in property taxes.

Wallingford Market Snapshot – 89 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$359,555	$350,000	$59,900	$1,050,000	111

Single/Twin Market Snapshot – 67 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$422,009	$384,950	$95,000	$1,050,000	97

Townhouse/Condo Market Snapshot – 22 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$165,627	$172,400	$59,000	$389,900	153

*DOM = Days On Market

3 Wallingford PA homes went under contract

4 new listings came onto the market

3 listings expired

1 listing was withdrawn from the market

52 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold April 25, 2016 To May 1, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
630 Morris Lane	3	2.1	$337,500	04/28/16	166
1096 Putnam Blvd	3	2.1	$182,000	04/28/16	29
624 Georgetown Road	4	1.2	$235,000	04/28/16	10
723 Windsor Place	4	2.1	$337,000	04/29/16	25
110 Westminster Drive	4	2.0	$280,000	04/29/16	2
Average			$274,300		46

2 homes sold with a Seller Assist:

– 630 Morris Lane – $9,950

– 723 Windsor Place – $10,110

Wallingford PA Real Estate – Wallingford, PA 19086

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Archives for May 2016

224 North Swarthmore Avenue – Swarthmore, PA 19081

S. Clark Kendus