Archives for August 2016

Wallingford PA Real Estate – August 22, 2016 To August 28, 2016

August 30, 2016 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 August 30, 2016 with an average asking price of $358,778.

Inventory in Wallingford is at it’s lowest level since the first week of January with just 70 listings currently on the market.

With 13 homes going under contract in August just over 18% of the inventory has turned over in the month so far.

Wallingford Market Snapshot – 70 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$358,778	$354,900	$69,900	$895,000	114

Single/Twin Market Snapshot – 56 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,012	$372,450	$119,900	$895,000	112

Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$185,842	$177,400	$69,900	$379,900	122

*DOM = Days On Market

5 Wallingford PA homes went under contract

3 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

26 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold August 22, 2016 To August 28, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
206 Highland Avenue	4	2.1	$534,900	08/24/16	9
18 Chestnut Parkway	2	1.2	$165,000	08/24/16	33
18 Willow Lane	3	3.0	$455,000	08/26/16	16
800 Avondale Road #6O	2	2.0	$123,000	08/26/16	5
Average			$319,475		16

2 homes sold with a Seller Assist:

– 206 Highland Avenue – $13,730

– 800 Avondale Road #6O – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 15, 2016 To August 21, 2106

August 23, 2016 by admin

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

There are 76 homes listed for sale in Wallingford PA and Nether Providence Township on August 23, 2016 with an average asking price of $340,746.

Homes within walking distance to jobs, schools, shopping, parks, and other amenities are commanding a premium at resale, but fewer than 2% of all active listings are considered a “walker’s paradise,” having a walk score of 90 or above, according to a new study released by Redfin’s research team.

Walkability is important to many buyers with 56% of millennials and 46% of baby boomers saying they prefer walkable communities that mix housing, local businesses, and public services.

Wallingford Market Snapshot – 76 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$340,746	$327,000	$69,900	$895,000	112

Single/Twin Market Snapshot – 56 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$396,643	$374,950	$86,900	$895,000	111

Townhouse/Condo Market Snapshot – 20 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$184,235	$176,950	$69,900	$379,900	114

*DOM = Days On Market

3 Wallingford PA homes went under contract

4 new listings came onto the market

3 listings expired

2 listings were withdrawn from the market

24 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold August 15, 2016 To August 21, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
601 S Providence Road	4	2.1	$570,000	08/15/16	268
1018 S Providence Road	7	5.1	$1,200,000	08/17/16	103
204 Dogwood Lane	3	2.0	$432,000	08/17/16	129
Average			$734,000		81

1 home sold with a Seller Assist:

– 601 S Providence Road – $17,640

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 8, 2016 To August 14, 2016

August 16, 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 August 16, 2016 with an average asking price of $331,096.

More home owners across the country are regaining equity, but that isn’t the case everywhere. Nationwide, 11.9% of homes are seriously underwater, which means the loan amount for the home was at least 25% higher than the property’s estimated market value. The number of seriously underwater home owners across the country is steadily improving.

In nine U.S. cities, more than one in five home owners are considered seriously underwater. The national average is only about one in 10 as comparison.

The top 3 markets plagued by the most seriously underwater home owners are:

– Cleveland, OH – 27.5%

– Las Vegas, NV – 25.7%

– Akron, OH – 24.9%

Wallingford Market Snapshot – 81 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$331,096	$339,000	$69,900	$1,225,000	107

Single/Twin Market Snapshot – 60 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$393,935	$372,400	$86,900	$1,225,000	106

Townhouse/Condo Market Snapshot – 21 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$182,414	$174,900	$69,900	$379,900	108

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

24 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold August 8, 2016 To August 14, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
702 Hartford Court	3	1.0	$92,500	08/09/16	215
345 Saybrook Lane	2	2.1	$188,000	08/12/16	25
716 Beechwood Road	3	2.1	$389,900	08/12/16	3
Average			$223,467		81

1 home sold with a Seller Assist:

– 716 Beechwood Road – $13,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

August 9, 2016 by admin

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

There are 82 homes listed for sale in Wallingford PA and Nether Providence Township on August 9, 2016 with an average asking price of $353,929.

Americans who lost their home to foreclosure are slow to return to home ownership, despite being eligible to do so.

It’s been seven years since the peak of the foreclosure crisis, and many of these boomerang buyers now have their blemishes erased from their credit histories. But that doesn’t mean they are ready to jump back into home ownership.

About 1.9 million of the 3.1 million home owners who lost their homes to foreclosure between 2007 and 2013 have passed the seven-year mark, the typical required wait period following a foreclosure.

But less than half are buying a home again, even some who are 16 years post-foreclosure.

About 150,000 boomerang buyers return per year – or 12,500 per month – to the housing market. Of the 4.4 million foreclosures of owner-occupied residences completed since 2000, less than one-quarter of owners have since returned to the housing market.

Wallingford Market Snapshot – 82 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$353,929	$339,000	$69,900	$1,225,000	105

Single/Twin Market Snapshot – 64 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$400,083	$372,400	$86,900	$1,225,000	108

Townhouse/Condo Market Snapshot – 18 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$189,828	$176,950	$69,900	$379,900	97

*DOM = Days On Market

1 Wallingford PA home went under contract

8 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

26 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold August 1, 2016 To August 7, 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
3 Gladstone Road	3	1.1	$379,000	08/01/16	38
30 Medbury Lane	3	2.0	$323,000	08/05/16	4
333 Meadow Lane	4	2.1	$369,000	08/05/16	6
Average			$357,000		16

1 home sold with a Seller Assist:

– 3 Gladstone Road – $4,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 2016

August 4, 2016 by admin

Vigilant Hawk

July 2016 closes with 21 closed sales falling short of last year’s total by 7 homes. The average sales price in came in at $328,975 which is a 8.7% decrease in the average sales price over last year. The 21 sales were comprised of 15 single family homes, 3 condos, and 3 townhomes. A total of $6,908,474 of real estate changed hands during the month.

The 15 single family homes sold for an average price of $396,932 and averaged 61 days on the market. Last July 23 single family homes sold for an average price of $409,720.

The highest selling price for the month was $728,000 for 201 Westbury Road.

There were 14 listings that went under contract during the month – 12 single family homes, 1 townhome, and 1 condo. The average asking price was $272,714.

There are are 19 future settlements scheduled with 16 in August and 3 in September.

Wallingford PA Closed Home Transactions July 2016
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
201 Westbury Road	4	3.1	$728,000	07/07/16	3
719 Scott Lane	4	2.1	$469,000	07/08/16	401
862 Parkridge Drive	3	2.1	$340,000	07/08/16	11
414 Golfview Road	4	2.1	$415,000	07/08/16	17
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
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
800 Avondale Road #PH10	3	2.0	$215,000	07/25/16	55
500 Hastings Avenue	2	1.0	$175,000	07/25/16	4
809 Parkridge Drive	4	2.1	$439,900	07/27/16	4
835 Parkridge Drive	5	3.1	$425,000	07/28/16	140
206 Dogwood Lane	5	3.1	$558,000	07/29/16	132
931 Putnam Blvd	2	2.1	$170,000	07/29/16	90
1300 Putnam Blvd	3	2.1	$250,000	07/29/16	4
15 Medbury Lane	3	2.0	$315,000	07/29/16	43
300 Scott Lane	4	1.1	$325,000	07/29/16	4
Average			$328,975		94

* DOM = Days On Market

13 of 21 homes sold with a Seller Assist:

– 201 Westbury Road – $550

– 862 Prkridge Drive – $3,200

– 414 Golfview Road – $10,000

– 109 Stratford Lane – $500

– 122 Westminster Drive – $5,000

– 100 Putnam Blvd #406 – $250

– 604 W Brookhaven Road – $5,765

– 302 Leiper Street- $1,725

– 500 Hastings Avenue – $6,500

– 809 Parkridge Drive – $4,200

– 835 Parkridge Drive – $763

– 931 Putnam Blvd – $1,000

Financing Methods

– Conventional Mortgage – 15 transactions

– Cash – 4 transactions

– FHA Mortgage – 2 transactions

116 Ash Road was a Bank Owned Foreclosure.

**WALLINGFORD SINGLE HOMES – JULY 2016 – 15 SALES**
Avg Price	Median Price	Low	High	DOM*
$396,932	$415,000	$111,074	$728,000	61

**WALLINGFORD CONDOS – JULY 2016 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$122,500	$100,000	$52,500	$215,000	157

**WALLINGFORD TOWNHOUSES – JULY 2016 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$195,667	$170,000	$167,000	$250,000	198

**WALLINGFORD – JULY 2015 VS JULY 2016**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	28	$360,145	61	93.2%	96.2%
2016	21	$328,975	94	93.9%	97.1%
	-21.4%	-8.7%	54.1%	0.7%	0.9%

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for August 2016

S. Clark Kendus