Archives for June 2017

Wallingford PA Real Estate – June 12, 2017 To June 25, 2017

June 27, 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 June 27, 2017 with an average asking price of $407,382.

The median price for a new single-family home reached a record high in May of $345,800, the Commerce Department reports. Buyers will be paying a huge premium for new construction, as new-home prices are now 16.8% higher than they were a year ago.

So far, however, the higher price tags don’t seem to be spooking home shoppers. In May, 61,000 new homes were purchased – a 2.9% increase from April and an 8.9% increase from a year ago, the Commerce Department reports.

Wallingford Market Snapshot – 80 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$407,382	$387,450	$104,900	$969,000	93

Single/Twin Market Snapshot – 64 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$454,245	$464,000	$125,000	$969,000	86

Townhouse/Condo Market Snapshot – 16 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$219,928	$179,950	$104,900	$499,000	123

*DOM = Days On Market

7 Wallingford PA homes went under contract

6 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

53 homes are Under Contract at this time

10 Wallingford PA homes sold last week

Wallingford Homes Sold June 12, 2017 To June 25, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
416 Oak Valley Road	5	3.0	$465,000	06/12/17	79
908 Twyckenham Road	3	2.1	$598,000	06/14/17	9
311 Crestview Circle	4	3.1	$299,700	06/15/17	117
404 Briarwood Road	3	1.1	$340,000	06/16/17	352
112 Beech Road	3	2.0	$245,000	06/19/17	198
309 Woodridge Lane	3	2.1	$415,000	06/20/17	7
903 Twyckenham Road	3	2.1	$495,000	06/20/17	7
418 Sheffield Drive	3	2.0	$332,500	06/23/17	35
510 Georgetown Road	3	2.0	$347,000	06/23/17	48
421 Oak Valley Road	3	2.0	$445,000	06/23/17	16
Average			$385,609		94

Three homes sold with a Seller Assist

– 416 E Oak Valley Road – $7,500

– 404 Briarwood Road – $10,200

– 903 Twyckenham Road – $1,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 5, 2017 To June 11, 2017

June 13, 2017 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 June 13, 2017 with an average asking price of $396,607.

Government-sponsored financing giant Fannie Mae will ease its debt to income requirements next month, raising the ceiling from 45% to 50% on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with student loan debt.

The debt-to-income ratio compares a person’s gross monthly income with his or her monthly payment on all debt accounts, including auto loans, credit cards, and student loans. It also factors in the projected payments on the new mortgage. Lenders see applicants with lower debt-to-income ratios as less at risk of defaulting.

Wallingford Market Snapshot – 83 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$396,607	$379,000	$104,900	$969,000	86

Single/Twin Market Snapshot – 66 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$449,538	$434,000	$125,000	$969,000	80

Townhouse/Condo Market Snapshot – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$191,109	$174,900	$104,900	$385,000	112

*DOM = Days On Market

10 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

56 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold June 5, 2017 To June 11, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
209 E Rose Valley Road	3	1.1	$355,000	06/05/17	15
308 Rosewood Lane	4	2.2	$565,000	06/06/17	6
904 Heathdale Lane	4	2.1	$643,500	06/07/17	17
108 Quaint Road	3	1.1	$360,000	06/08/17	9
507 Wilder Road	4	2.1	$395,000	06/09/17	21
824A Putnam Blvd	2	1.0	$100,000	06/10/17	129
Average			$403,083		33

One home sold with a Seller Assist

– 824A Putnam Blvd – $3,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 29, 2017 To June 4, 2017

June 6, 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 June 6, 2017 with an average asking price of $395,037.

Amid tight supply, half of properties that sold in April 2017 were on the market for 29 days or less compared to 39 days in April 2016.

The Days On Market trend was evident in Wallingford as well with the 13 homes sold in April averaging only 32 days on the market.

Wallingford Market Snapshot – 86 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$395,037	$387,450	$95,000	$969,000	81

Single/Twin Market Snapshot – 69 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$449,396	$448,000	$125,000	$969,000	74

Townhouse/Condo Market Snapshot – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,403	$164,500	$95,000	$385,000	109

*DOM = Days On Market

5 Wallingford PA homes went under contract

7 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

53 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold May 29, 2017 To June 4, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
102 Cedar Road	3	1.1	$249,900	05/30/17	6
1003 Glen Road	5	2.1	$399,000	05/31/17	261
409 Woodward Road	5	2.1	$535,000	06/01/17	2
208 Ash Road	3	1.1	$275,000	06/01/17	3
207 Media Parkway	3	1.0	$210,000	06/02/17	159
Average			$333,780		86

One home sold with a Seller Assist

– 208 Ash Road – $12,500

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 2017

June 2, 2017 by admin

Hampton Inn Construction Underway At Providence and Beatty Road

May 2017 posted 24 sales with $8,832,300 in real estate changing hands. The average sales price in May came in at $368,013 which is a 10.9% increase over last year. Volume in May was lower than last year by 6 homes. The 24 sales consisted of 20 single family homes, 2 condos, 1 townhouses, and 1 twin.

May typified a true seller’s market – 14 homes sold in 2 weeks or less and single home sellers realized 99.35% of their last asking price. Thirteen homes sold at full asking price or more.

Twenty single family homes sold for an average price of $413,215 and averaged 62 days on the market. Last May 20 single family homes sold for an average price of $390,937 and averaged 114 days on the market.

The highest selling price for the month was $750,000 for 2 Lake Road.

There were 26 listings that went under contract during the month – 22 single family homes, 2 townhomes, and 2 condos. The average listing price was $355,692 and the listings spent an average of 52 days on the market.

There are 29 settlements scheduled for June, 10 in July, and 3 in August.

Wallingford PA Closed Home Transactions May 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	4	3.2	$228,000	05/02/17	221
700 Avondale Road #7H	1	1.0	$85,000	05/04/17	71
5 Meadow Lane	4	2.1	$415,000	05/05/17	289
708 Devon Lane	4	2.1	$250,000	05/05/17	2
305 Henry Lane	4	2.0	$389,000	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 Road	4	2.0	$350,000	05/12/17	236
1 Bullens Lane	4	2.1	$450,000	05/12/17	56
1012 Glen Road	4	3.1	$280,000	05/15/17	270
700 Avondale Road #7H	1	1.0	$85,000	05/15/17	50
2 Lake Road	4	3.1	$750,000	05/15/17	12
423 Oak Valley Road	4	2.1	$444,000	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
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	05/25/17	38
213 Plush Mill Road	4	3.1	$558,000	05/25/17	10
102 Cedar Road	3	1.1	$249,900	05/30/17	6
1003 Glen Road	5	2.1	$399,000	05/31/17	231
AVERAGE			$368,013		66

* DOM = Days On Market

5 of 24 transactions had a Seller Assist:

– 313 Henry lane – $15,700

– 5 Meadow Lane – $7,000

– 202 Walker Lane – $7,300

– 1012 Glen Road – $16,800

– 617 W Brookhaven Road – $11,997

Financing Methods

– Conventional Mortgage – 19 transactions

– Cash – 4 transactions

– FHA Mortgage – 1 transaction

There were 2 distressed sales during May

**WALLINGFORD SINGLE HOMES – MAY 2017 – 20 SALES**
Avg Price	Median Price	Low	High	DOM*
$413,215	$399,450	$249,900	$750,000	62

**WALLINGFORD CONDOS – MAY 2017 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$95,000	$95,000	$85,000	$105,000	61

**WALLINGFORD TOWNHOUSES- MAY 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$150,000	$150,000	$150,000	$150,000	12

**WALLINGFORD TWINS – MAY 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$228,000	$228,000	$228,000	$228,000	221

**WALLINGFORD – MAY 2016 VS MAY 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	30	$331,958	110	96.2%	97.5%
2017	24	$368,013	66	96.0%	97.9%
	-20.0%	10.9%	-40.0%	-0.2%	0.4%

Wallingford PA Real Estate – Wallingford, PA 19086

Strawberry Festival – Monday June 5, 2017 – Wallingford Presbyterian Church

June 1, 2017 by admin

The always popular Strawberry Festival sponsored by Wallingford Presbyterian Church will be held on Monday June 5, 2017, from 5:00-8:00 PM, rain or shine. Mark the date on your calendar and join the over 1,000 people who enjoy this much anticipated annual community event.

There will be plenty of strawberries to accompany your cake and ice cream for dessert as well as roast beef and meatball sandwiches, hot dogs, hoagies, potato salad and other goodies along with lots of beverages.

Between food trips, take time to allow the kids to try out all of the games and one of the three moon bounces while you shop for Attic Treasures, used books and live plants. If there is no parking in the church lot, there should be space on the street, at Wallingford Elementary School, or the Wallingford SEPTA train station.

The festival is held on the Church grounds located at 110 East Brookhaven Road Wallingford, PA 19086.

The church office (610-566-1644, Ext 0) can provide additional information.

Wallingford Real Estate – Wallingford, PA 19086

Archives for June 2017

S. Clark Kendus