Archives for May 2017

Wallingford PA Real Estate – May 22, 2017 To May 28, 2017

May 30, 2017 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 May 30, 2017 with an average asking price of $390,287.

Mortgage rates dipped to their lowest averages of the year this week, Freddie Mac repots in their latest mortgage survey. The survey rate stands at 3.95% – a new low for the year.

Freddie Mac reported the following national averages with mortgage rates for the week ending May 25:

30-year fixed-rate mortgages: averaged 3.95%, with an average 0.5 point, falling from last week’s 4.02% average. Last year at this time, 30-year rates averaged 3.64 percent.
15-year fixed-rate mortgages: averaged 3.19%, with an average 0.5 point, falling from last week’s 3.27% average. A year ago, 15-year rates averaged 2.89%.

Wallingford Market Snapshot – 80 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$390,287	$379,450	$95,000	$969,000	82

Single/Twin Market Snapshot – 63 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$451,462	$425,000	$125,000	$969,000	74

Townhouse/Condo Market Snapshot – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$163,582	$120,000	$95,000	$385,000	110

*DOM = Days On Market

8 Wallingford PA homes went under contract

6 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

53 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold May 22, 2017 To May 28, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
412 Hawthorne Road	3	2.0	$390,000	05/22/17	7
114 Governors Drive	3	1.1	$325,000	05/24/17	1
617 W Brookhaven Road	4	2.2	$399,900	05/15/17	38
213 Plush Mill Road	4	3.1	$440,000	05/25/17	10
Average			$418,225		14

One home sold with a Seller Assist

– 617 W Brookhaven Road – $11,997

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 15, 2017 To May 21, 2017

May 23, 2017 by admin

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

There are 86 homes listed for sale in Wallingford PA and Nether Providence Township on May 23, 2017 with an average asking price of $383,056.

More homes are predicted to be sold this year than in more than a decade. In 2017, the number of existing-home sales is expected to increase about 3.5% to 5.64 million. By 2018, existing-home sales will likely rise another 2.8% to 5.8 million, according to forecasts by the National Association of REALTORS®.

The rise in new jobs, pent-up household formation, and increasing consumer confidence are helping to propel the housing market forward, says Lawrence Yun, NAR’s chief economist.

The new-home sector is also expected to see a surge over the next year. New-home sales are expected to rise 10.7% this year to 620,000. The sector is also expected to tick up another 8% in 2018 to 670,000 sales, NAR predicts.

Buyers are likely to face higher prices on homes. Prices are expected to increase 5% in 2017 and another 3.5% in 2018, NAR predicts.

Wallingford Market Snapshot – 86 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$383,056	$374,450	$95,000	$969,000	81

Single/Twin Market Snapshot – 67 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$444,748	$419,900	$134,900	$969,000	69

Townhouse/Condo Market Snapshot – 19 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$165,510	$120,000	$95,000	$385,000	120

*DOM = Days On Market

4 Wallingford PA homes went under contract

8 new listings came onto the market

No listings expired

No listings were withdrawn from the market

51 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold May 15, 2017 To May 21, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1012 Glen Road	4	3.1	$280,000	05/15/17	270
2 Lake Road	4	3.1	$750,000	05/15/17	12
700 Avondale Road #7E	2	2.0	$120,000	05/15/17	50
423 Oak Valley Road	4	2.1	$440,000	05/15/17	8
506 E Country Club Lane	3	2.0	$550,000	05/17/17	5
1049 Putnam Blvd	3	2.1	$150,000	05/17/17	12
412 Bickmore Drive	4	3.1	$455,000	05/19/17	5
Average			$390,000		52

One home sold with a Seller Assist

– 1012 Glen Road – $16,800

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 8, 2017 To May 14, 2017

May 16, 2017 by admin

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

There are 85 homes listed for sale in Wallingford PA and Nether Providence Township on May 16, 2017 with an average asking price of $375,027.

Home sales reached their highest pace in a decade in the first quarter of 2017 as property prices continue to escalate, according to the National Association of REALTORS®’ latest quarterly report.

The median price of an existing single-family home nationally was $232,100 in the first quarter, up 6.9% from the same time period a year ago. Home prices rose year over year in 85% of the 178 metro areas analyzed.

Wallingford Market Snapshot – 85 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$375,027	$360,000	$95,000	$969,000	78

Single/Twin Market Snapshot – 65 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$440,202	$419,900	$134,900	$969,000	67

Townhouse/Condo Market Snapshot – 20 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$163,210	$119,000	$95,000	$385,000	115

*DOM = Days On Market

5 Wallingford PA homes went under contract

6 new listings came onto the market

No listings expired

No listings were withdrawn from the market

52 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold May 8, 2017 To May 14, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
305 Henry Lane	4	2.0	$390,000	05/08/17	1
419 E Country Club Lane	3	2.1	$425,000	05/11/17	4
123 Willow Road	3	2.0	$252,500	05/11/17	1
202 Walker Lane	4	2.0	$350,000	05/12/17	236
1 Bullens Lane	4	2.1	$450,000	05/12/17	56
Average			$373,500		60

One homes sold with a Seller Assist

– 202 Walker Lane – $7,300

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 1, 2017 To May 7, 2017

May 9, 2017 by admin

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

There are 84 homes listed for sale in Wallingford PA and Nether Providence Township on May 9, 2017 with an average asking price of $367,211.

Strong buyer demand this spring is pushing home prices up at double the rate of increase in income growth, The Wall Street Journal reports. The median price of an existing home for all housing types was $236,400 in March, up 6.8 % from a year ago, when it was $221,400, according to the National Association of REALTORS®. Incomes, meanwhile, increased 3% in February from a year earlier, according to the Labor Department.

Wallingford Market Snapshot – 84 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$364,714	$348,450	$95,000	$969,000	79

Single/Twin Market Snapshot – 65 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$426,366	$399,000	$134,900	$969,000	69

Townhouse/Condo Market Snapshot – 19 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$164,837	$119,900	$95,000	$385,000	115

*DOM = Days On Market

10 Wallingford PA homes went under contract

8 new listings came onto the market

No listings expired

No listings were withdrawn from the market

54 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold May 1, 2017 To May 7, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
20 Brookside Road	3	3.1	$570,000	05/01/17	12
313 Henry Lane	4	2.0	$365,000	05/01/17	7
621 Manchester Avenue	3	1.1	$228,000	05/02/17	221
700 Avondale Road #7H	1	1.0	$85,000	05/04/17	71
3 Meadow Lane	4	2.1	$415,000	05/05/17	289
708 Devon Lane	4	2.1	$250,000	05/05/17	2
Average			$318,833		100

Two homes sold with a Seller Assist

– 313 Henry Lane – $15,700

– 3 Meadow Lane – $7,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – April 2017

May 5, 2017 by admin

The month of April 2017 finished with 13 closed sales in Wallingford falling 1 homes short of last April. The average sales price soared 28% to $377,228. Buyers grabbed homes quickly during the month with the average days on market coming in at only 32, with 6 homes selling in less than 2 weeks. The 13 sales consisted of 8 single family homes, 3 townhouses, 1 condo, and 1 twin. Single family homes sold for an average price of $478,269 and averaged 21 days on the market. Last April 10 single family homes sold for an average price of $345,550.

The highest selling price for the month was $727,000 for 404 Dewey Lane.

There were 28 listings that went under contract during the month – 24 single family homes and 2 townhouses, and 2 condos. The average asking price was $367,339 and they were on the market an average of 60 days..

There are 47 future settlements scheduled with 26 on the books for May, 19 in June, and 2 in July.

Wallingford PA Closed Home Transactions April 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1111 Putnam Blvd	3	3.1	$199,000	04/06/17	6
197 Woodward Lane	5	3.1	$595,750	04/06/17	7
502 Scott Lane	4	2.1	$440,000	04/10/17	33
1142 Putnam Blvd	2	2.1	$185,000	04/12/17	152
703 Blue Hill Road	5	3.1	$438,500	04/14/17	11
404 Dewey Lane	5	4.1	$727,000	04/17/17	8
31 Willow Road	3	1.1	$219,900	04/19/17	70
832B Putnam Blvd	2	1.0	$103,000	04/21/17	28
1384 Putnam Blvd	2	2.1	$175,810	04/26/17	39
200 Hillsboro Mills Lane	3	3.1	$415,000	04/26/17	18
503 Springhaven Road	5	3.0	$570,000	04/27/17	26
402 Christian Lane	4	1.2	$465,000	04/27/17	9
408 Hawthorne Road	4	2.2	$370,000	04/28/17	4

* DOM = Days On Market

3 of 13 transactions had a Seller Assist:

– 31 Willow Road – $9,900

– 1384 Putnam Blvd – $5,724

– 408 Hawthorne Road – $11,000

Financing Methods

– Conventional Mortgage – 6 transactions

– Cash – 5 transactions

– VA Mortgage – 1 transaction

– FHA Mortgage – 1 transaction

832B Putnam Blvd was a Bank Owned Forclosure.

**WALLINGFORD SINGLE HOMES – APRIL 2017 – 8 SALES**
Avg Price	Median Price	Low	High	DOM*
$478,269	$452,500	$219,000	$727,000	21

**WALLINGFORD TOWNHOUSES – APRIL 2017 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$188,603	$185,000	$175,810	$199,000	66

**WALLINGFORD CONDOS – APRIL 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$103,000	$103,000	$103,000	$103,000	28

**WALLINGFORD TWINS – APRIL 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$415,000	$415,000	$415,000	$415,000	18

**WALLINGFORD – APRIL 2016 VS APRIL 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	14	$294,714	104	92.0%	96.5%
2017	13	$377,228	32	99.4%	98.7%
	-7.1%	28.0%	-69.2%	7.4%	2.2%

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for May 2017

S. Clark Kendus