Archives for July 2016

Wallingford PA Real Estate – July 18, 2016 To July 24, 2016

July 26, 2016 by admin

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

There are 83 homes listed for sale in Wallingford PA and Nether Providence Township on July 26, 2016 with an average asking price of $371,720.

The average size of new homes in America is growing – by almost 50% over the last four decades to almost 2,500 sq ft – correspondingly the average lot size has been decreasing. Buyers are making a compromise by taking a size hit on the lot to get bigger homes.

As homes have increased in size lot sizes have declined 13% since 1978 to 0.19 acres.

Wallingford Market Snapshot – 83 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$371,720	$359,900	$69,900	$1,225,000	104

Single/Twin Market Snapshot – 68 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$415,787	$379,400	$86,900	$1,225,000	107

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$171,953	$174,499	$69,900	$325,000	90

*DOM = Days On Market

2 Wallingford PA homes went under contract

7 new listings came onto the market

1 listing expired

No listings were withdrawn from the market

28 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold July 18, 2016 To July 24, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road #6H	1	1.0	$52,500	07/19/16	172
1000 Putnam Blvd #406	1	1.0	$100,000	07/21/16	244
604 W Brookhaven Road	5	2.1	$418,000	07/22/16	61
302 Leiper Street	2	2.0	$275,000	07/22/16	10
Average			$211,375		122

3 homes sold with a Seller Assist:

– 1000 Putnam Blvd #406 – $250

– 604 W Brookhaven Road – $5,765

– 302 Leiper Street – $1,725

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 11, 2016 To July 17, 2016

July 19, 2016 by admin

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

There are 81 homes listed for sale in Wallingford PA and Nether Providence Township on July 19, 2016 with an average asking price of $376,435.

Nationally housing affordability has declined from last year as higher home prices have caused a dip in buyer’s purchasing power.

Based upon the most recent data the Housing Affordabilty index in May increased from 161.2 from 158.8 year over year as the median sales price for existing homes increased 4.6% over last year to $241,000.

Wallingford Market Snapshot – 80 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$376,435	$369,000	$79,000	$1,225,000	111

Single/Twin Market Snapshot – 66 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$418,470	$379,450	$86,900	$1,225,000	106

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$191,483	$174,900	$79,000	$379,900	132

*DOM = Days On Market

4 Wallingford PA homes went under contract

2 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

33 homes are Under Contract at this time

4 Wallingford PA homes sold

Wallingford Homes Sold July 11, 2016 To July 17, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
109 Stratford Lane	4	2.1	$590,000	07/12/16	20
116 Ash Road	3	1.0	$111,074	07/14/16	51
1220 Putnam Blvd	2	2.1	$167,000	07/15/16	499
122 Westminster Drive	4	2.1	$370,000	07/15/16	8
Average			$309,519		145

2 homes sold with a Seller Assist:

– 109 Stratford Lane – $500

– 122 Westminster Drive – $5,000

116 Ash Road was a Bank Owned Forclosure

Wallingford PA Real Estate – Wallingford, PA 19086

Rutledge Featured In Inquirer’s Town By Town Series

July 17, 2016 by admin

Wallingford PA Real Estate - Wallingford PA - Rutledge Borough Sign

Contrary To The Sign Rutledge Is Not Named After Abraham Lincoln’s Girlfriend

The Inquirer’s Town By Town, authored by Real Estate writer Al Heavens, is a recurring series that appears in the Business Section of the Sunday newspaper with the articles discussing local markets.

Today Rutledge Borough, the smallest of the 4 communities that comprise the Wallingford Swarthmore School District took center focus.

My friend Al asked me to contribute to the discussion regarding Rutledge real estate – check it out at: It’s A Small Town, After All, With Reasonable Prices In A Good School District

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 4, 2016 – July 10, 2016

July 12, 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 July 12, 2016 with an average asking price of $379,127.

More than 75% of parents say their child’s education is an important factor in their search for a new home, according to a new survey conducted by Bank of America of 1,000 home buyers. Of those, 53% say they would buy a new home in a specific neighborhood to get their child into a better school.

Sixty-four percent of parents say that knowing the quality or ranking of nearby schools is extremely important to them before purchasing a new home. Also, 37% of parents say the school’s extracurricular reputation is also important in their decision.

Wallingford Market Snapshot – 80 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$379,127	$365,500	$79,000	$1,225,000	104

Single/Twin Market Snapshot – 66 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$418,930	$376,950	$88,000	$1,225,000	98

Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$191,482	$174,950	$79,000	$379,900	132

*DOM = Days On Market

3 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

36 homes are Under Contract at this time

2 Wallingford PA homes sold

Wallingford Homes Sold July 4, 2016 To July 10, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
201 Westbury Road	4	3.1	$728,000	07/07/16	3
862 Parkridge Drive	3	2.1	$340,000	07/08/16	11
Average			$534,000		7

Both homes sold with a Seller Assist:

– 862 Parkridge Drive – $3,200

– 201 Westbury Road – $550

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 2016

July 7, 2016 by admin

Hummingbird Visitor

June 2016 posted 34 closed sales surpassing last June by 2 homes. The average sales price in June came in at $333,606 which represents a 5.9% increase over last year’s average of $315,146. The 34 sales were comprised of 27 single family homes, 3 townhomes, 3 twins, and 1 condo.

The 27 single family homes sold for an average price of $380,544 and averaged 62 days on the market. There were 14 homes sold where sellers received 100% or greater than their asking price, and 15 single homes sold in less than 14 days. Last June 21 single family homes sold for an average price of $378,488 and averaged a brief 12 days on market.

The highest selling price for the month was $640,000 for 909 Twyckenham Road.

There were 18 listings with an average list price of $377,675 that went under contract during the month – 13 single family homes, 2 townhomes, 2 condos, and 1 twin.

There are 32 settlements scheduled with 22 in July, 9 in August, and 1 in September

Wallingford PA Closed Home Transactions June 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
3 Chester Road	3	1.0	$254,000	06/01/16	8
1354 Putnam Blvd	3	2.1	$215,000	06/10/16	93
1380 Putnam Blvd	2	2.1	$165,000	06/10/16	222
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
1117 Putnam Blvd	2	2.1	$175,000	06/27/16	64
706 Oxford Lane	5	2.1	$495,000	06/28/16	12
800 Avondale Road #6G	2	2.0	$95,000	06/29/16	125
210 Sycamore Lane	3	2.1	$539,000	06/29/16	4
300 Scott Lane	3	1.1	$325,000	06/29/16	8
521 Vernon Street	3	2.0	$165,000	06/30/16	88
24 Waterford Way	4	2.1	$373,000	06/30/16	30
212 W Brookhaven Road	2	1.1	$235,000	06/30/16	40
407 Emerald Street	3	1.0	$199,999	06/30/16	49
AVERAGE			$337,655		75

* DOM = Days On Market

12 of 34 transactions 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

– 210 Sycamore Lane – $15,000

– 212 W Brookhaven Road – $4,700

Financing Methods

– Conventional Mortgage – 24 transactions

– Cash – 5 transactions

– FHA Mortgage – 4 transactions

– VA Mortgage – 1 transaction

195 Woodward Road was a Bank Owned Foreclosure sale.

**WALLINGFORD SINGLE HOMES – JUNE 2016 – 27 SALES**
Avg Price	Median Price	Low	High	DOM*
$380,544	$370,000	$199,999	$640,000	62

**WALLINGFORD TOWNHOUSES – JUNE 2016 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$185,000	$175,000	$165,000	$215,000	125

**WALLINGFORD TWINS – JUNE 2016 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$139300	$157,900	$95,000	$165,000	110

**WALLINGFORD CONDOS – JUNE 2016 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$95,000	$95,000	$95,000	$95,000	125

**WALLINGFORD – JUNE 2015 VS JUNE 2016**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	32	$315,146	62	96.3%	97.6%
2016	34	$333,606	74	95.6%	98.4%
	6.3%	5.9%	19.4%	-0.7%	0.8%

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for July 2016

S. Clark Kendus