Archives for December 2016

November home sales in Wallingford PA doubled last year’s total with 16 closed transactions versus 8 closed transactions last year. The average selling price increased a robust 9.3% to $295,234. November sales consisted of 11 single family homes, 2 townhomes, 2 condos, and 1 row home. A total of $4,723,750 changed hands during the month.

November’s 11 single family homes sold for an average price of $373,564 and averaged 89 days on the market. Last November there were 8 single family home sales that sold for an average price of $270,225 and spent an average of 97 days on the market.

835 Surrey Lane had the highest selling price for the month at $484,900.

With 1 month remaining in the year sales for this year closely mirrors the results of 2015 for the same time period. So far in 2016 there have been 191 closed transactions versus 197 last year. The average price is down by under $1,000 coming in at $309,433 compared to $309,340 in 2015.

Twelve listings went under contract during the month – 10 single family homes, 1 twin, and 1 condo – with an average asking price of $332,750 and an average of 60 Days On Market.

There are 22 settlements scheduled – 14 in December, 7 in January, and 1 in April.

Wallingford PA Closed Sales – November 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
217 Stanford Drive	3	2.0	$350,000	11/01/16	10
732A Putnam Blvd	2	1.0	$95,900	11/03/16	28
413 E Country Club Lane	3	2.1	$399,900	11/04/16	4
835 Surrey Lane	4	2.1	$484,900	11/15/16	29
717 Pennsylvania Avenue	3	1.0	$134,900	11/15/16	68
523 W Georgetown Road	4	3.1	$390,000	11/18/16	92
213 Wallingford Avenue	4	3.0	$440,000	11/18/16	44
1066 Putnam Blvd	2	2.1	$144,000	11/18/16	112
115 Maple Road	3	1.0	$174,900	11/21/16	204
7 E Rose Valley Road	3	2.1	$360,000	11/23/16	224
700 Oxford Lane	4	3.1	$420,000	11/30/16	203
1008 Beech Road	3	2.0	$310,000	11/29/16	146
700 Avondale Road #7K	1	1.0	$65,750	11/29/16	12
1140 Putnam Blvd	2	2.1	$174,000	11/30/16	58
1 Meadow Lane	4	3.1	$440,000	11/30/16	7
505 Morris Lane	4	2.0	$339,500	11/30/16	11
AVERAGE			$295,234		78

* DOM = Days On Market

6 of 16 transactions had a Seller Assist:

– 217 Stanford Drive – $8,450

– 717 Pennsylvania Avenue – $4,047

– 115 Maple Road – $5,000

– 7 E Rose Valley Road – $18,000

– 1008 Beech Road – $9,100

– 505 Morris Lane – $2,300

Financing Methods

– Conventional Mortgage – 11 transactions

– Cash – 4 transactions

– FHA Mortgage – 1 transaction

WALLINGFORD SINGLE HOMES – NOVEMBER 2016 – 11 SALES

Avg Price	Median Price	Low	High	DOM*
$373,564	$390,000	$174,900	$484,900	89

WALLINGFORD TOWNHOMES – NOVEMBER 2016 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$154,450	$154,450	$144,000	$174,000	63

WALLINGFORD CONDOS – NOVEMBER 2016 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$80,825	$80,825	$65,750	$95,900	20

WALLINGFORD ROW HOMES – NOVEMBER 2016 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$134,900	$134,900	$134,900	$134,900	68

WALLINGFORD – NOVEMBER 2015 VS NOVEMBER 2016

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	8	$270,225	97	94.1%	96.2%
2016	16	$295,234	78	94.0%	97.0%
	100.0%	9.3%	-19.6%	-0.1%	0.8%

Wallingford PA Real Estate – Wallingford, PA 19086