Archives for June 2016

Wallingford PA Real Estate – June 13, 2016 To June 26, 2016

June 28, 2016 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 June 28, 2016 with an average asking price of $369,415.

Events in Europe have driven mortgage rates to their lowest level since 2012. Mortgage rates for a 30 year fixed are now at an average of 3.46%. This drop enables a well qualified borrower to purchase a home that is 8% more expensive than at the beginning of the year.

Wallingford Market Snapshot – 79 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$369,415	$359,900	$59,900	$895,000	106

Single/Twin Market Snapshot – 63 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$414,844	$380,000	$88,000	$895,000	96

Townhouse/Condo Market Snapshot – 16 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$190,534	$180,400	$59,000	$384,900	146

*DOM = Days On Market

10 Wallingford PA homes went under contract

10 new listings came onto the market

2 listings expired

2 listings were withdrawn from the market

39 homes are Under Contract at this time

22 Wallingford PA homes sold

Wallingford Homes Sold June 13, 2016 To June 26, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
7 Oak Knoll Drive	4	2.1	$465,000	06/14/16	11
1 Oak Knoll Drive	5	2.1	$355,000	06/15/16	272
224 Fidles Lane	4	2.0	$424,900	06/15/16	125
207 N Providence Road	5	3.1	$369,999	06/15/16	5
909 Twyckenham Road	4	2.1	$640,000	06/15/16	1
429 Palmers Lane	3	2.1	$370,000	06/16/16	206
204 Grandview Road	3	2.0	$379,900	06/16/16	5
207 Ryanard Road	3	2.0	$235,000	06/16/16	7
791 Pennsylvania Avenue	2	1.0	$95,000	06/17/16	231
732 Windsor Place	4	2.1	$349,000	06/17/16	7
195 Woodward Road	5	2.1	$417,000	06/20/16	206
1 Rose Valley Road	3	2.1	$379,900	06/20/16	19
607 Morris Lane	3	2.1	$340,000	06/20/16	8
750 Pennsylvania Avenue	3	2.0	$157,900	06/22/16	10
205 Media Parkway	3	1.1	$210,000	06/23/16	253
203 Ridgewood Road	3	2.0	$370,000	06/23/16	7
130 Westminster Drive	4	1.1	$303,000	06/24/16	166
401 S Providence Road	5	2.1	$480,000	06/24/16	171
14 Oak Knoll Drive	4	2.1	$435,000	06/24/16	29
605 Crum Creek Road	4	2.1	$490,000	06/24/16	26
203 Martroy Lane	4	2.0	$510,000	06/24/16	8
506 Morris Lane	3	2.1	$330,000	06/25/16	4
Average			$368,482		81

10 homes sold with a Seller Assist:

– 7 Oak Knoll Drive – $2,000

– 1 Oak Knoll Drive – $10,650

– 224 Fildes Lane – $12,747

– 207 N Providence Road – $11,099

– 429 Palmers Lane – $7,000

– 204 Grandview Road – $5,000

– 207 Ryanard Road – $5,000

– 732 Windsor Place – $1,400

– 195 Woodward Road – $12,500

– 607 Morris Lane – $3,250

195 Woodward Road was a Bank Owned Foreclosure sale

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 6, 2016 To June 12, 2016

June 14, 2016 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 June 14, 2016 with an average asking price of $376,889.

More home owners now have equity. About 46.7 million residential properties with a mortgage had equity at the end of the first quarter of 2016, according to data from CoreLogic. Home equity rose year-over-year by $762 billion.

In the first quarter alone, 268,000 home owners regained equity, which boosted the percentage to 92% of all mortgaged properties with equity.

Wallingford Market Snapshot – 80 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$376,889	$349,950	$59,900	$1,225,000	109

Single/Twin Market Snapshot – 64 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$424,045	$375,500	$90,000	$1,225,000	100

Townhouse/Condo Market Snapshot – 16 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$188,266	$181,200	$59,000	$384,900	147

*DOM = Days On Market

5 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

3 listings were withdrawn from the market

53 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold June 6, 2016 To June 12, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1354 Putnam Blvd	3	2.1	$215,000	06/10/16	93
1380 Putnam Blvd	2	2.1	$165,000	06/10/16	222
Average			$190,000		158

Neither home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 30, 2016 To June 5, 2016

June 7, 2016 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 June 7, 2016 with an average asking price of $388,211.

Home Equity Lines Of Credit (HELOC) were all the rage as the market was booming 10 years ago. Now comes the time to pay the piper. HELOC’s come with 10-year grace periods, so 2015 marked 10 years after the borrowing surge. In March, delinquencies were up 87% compared to a year ago among 2005 second lien HELOCs—those that stand behind a mortgage on the property.

HELOC’s originating in the years 2005, 2006, and 2007 make up 52% of active credit lines and the delinquencies could linger for some time.

Wallingford Market Snapshot – 80 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,211	$359,500	$59,900	$1,225,000	106

Single/Twin Market Snapshot – 65 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$435,527	$376,000	$90,000	$1,225,000	96

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$183,173	$174,900	$59,000	$384,900	151

*DOM = Days On Market

6 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

No listings were withdrawn from the market

51 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold May 30, 2016 To June 5, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1011 Beech Drive	4	2.1	$364,000	05/31/16	565
607 Bickmore Drive	4	1.1	$289,900	05/31/16	1
700 Avondale Road	2	2.0	$108,000	05/31/16	22
3 Chester Road	3	1.0	$254,000	06/01/16	9
Average			$253,975		149

1 home sold with a Seller Assist:

– 1011 Beech Road – $10,920

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 2016

June 6, 2016 by admin

Spring Visitor

May 2016 posted 30 sales totaling $9,958,738 in real estate. The average sales price in May came in at $331,958 which is a 5.6% increase over last year. Volume in May was lower than last year by 3 homes. The 30 sales consisted of 20 single family homes, 5 townhouses, 3 twins, and 2 condos.

Twenty single family homes sold for an average price of $390,937 and averaged 114 days on the market. Last May 23 single family homes sold for an average price of $366,543 and averaged 105 days on the market.

The highest selling price for the month was $799,950 for 15 Strathmore Court.

There were 21 listings that went under contract during the month – 16 single family homes, 4 townhomes, and 1 condo. The average listing price was $338,244.

There are 31 settlements scheduled for June, 11 in July, and 2 in August.

Wallingford PA Closed Home Transactions May 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
509 Beatty Road	3	2.1	$308,888	05/12/16	339
671 Niblick Lane	4	4.0	$350,000	05/12/16	144
103 Ronaldson Street	3	1.0	$150,000	05/12/16	13
502 S Ridley Creek Road	4	2.1	$370,000	05/12/16	4
208 Cedar Road	3	1.0	$180,000	05/16/16	339
8 Laurie Lane	4	2.1	$374,000	05/16/16	21
420 New Jersey Avenue	3	1.0	$137,600	05/17/16	141
210 Moylan Avenue	4	2.1	$672,500	05/17/16	4
221 Moylan Avenue	4	2.1	$700,000	05/20/16	118
963 Putnam Blvd	2	2.1	$165,000	05/20/16	137
110 Canterbury Drive	3	1.1	$323,000	05/20/16	5
629 W Wiltshire Drive	3	3.1	$225,000	05/20/16	207
600 Wallingford Avenue	3	1.1	$244,900	05/20/16	237
201 Beaumont Drive	5	2.1	$358,000	05/23/16	352
657 Niblick Lane	3	2.1	$269,000	05/24/16	52
707 Devon Lane	4	2.2	$360,000	05/24/16	23
212 Hillsboro Mills Lane	4	3.1	$415,000	05/24/16	26
13 Chester Road	3	1.0	$215,000	05/25/16	44
101 Beech Road	3	1.1	$220,000	05/26/16	19
211 Cooper Drive	4	2.1	$460,000	05/26/16	17
509 Wilder Road	4	2.1	$440,000	05/27/16	6
1011 Beech Road	4	2.1	$364,000	05/31/16	565
607 Bickmore Drive	4	1.1	$289,900	05/31/16	1
700 Avondale Road #2I	2	2.0	$108,000	05/31/16	22
AVERAGE			$331,958		110

* DOM = Days On Market

12 of 30 transactions had a Seller Assist:

– 15 Strathmore Court – $2,000

– 509 Beatty Road – $7,000

– 671 Niblick Lane – $10,500

– 8 Laurie Lane – $3,000

– 420 New Jersey Avenue- $7,000

– 629 W Wiltshire Drive – $10,000

– 600 Wallingford Avenue – $3,900

– 657 Niblick Lane – $8,070

– 707 Devon Lane – $10,000

– 101 Beech Road – $500

– 211 Cooper Drive – $13,800

– 1011 Beech Road – $10,920

Financing Methods

– Conventional Mortgage – 20 transactions

– Cash – 5 transactions

– FHA Mortgage – 5 transactions

There were 2 distressed sales during May

– 103 Ronaldson Street was a Bank Owned Foreclosure sale

– 728 Pennsylvania Avenue was a Short Sale.

**WALLINGFORD SINGLE HOMES – MAY 2016 – 20 SALES**
Avg Price	Median Price	Low	High	DOM*
$390,937	$359,000	$137,600	$799,950	114

**WALLINGFORD TOWNHOUSES – MAY 2016 – 5 SALES**
Avg Price	Median Price	Low	High	DOM*
$294,200	$272,000	$165,000	$415,000	116

**WALLINGFORD TWINS – MAY 2016 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$147,000	$150,000	$66,000	$225,000	74

**WALLINGFORD CONDOS – MAY 2016 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$114,000	$114,000	$108,000	$120,000	108

**WALLINGFORD – MAY 2015 VS MAY 2016**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	33	$314,466	110	94.4%	96.4%
2016	30	$331,958	110	96.2%	97.5%
	-9.1%	5.6%	0.0%	1.8%	1.1%

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for June 2016

S. Clark Kendus