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.
| 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
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $413,215 | $399,450 | $249,900 | $750,000 | 62 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $95,000 | $95,000 | $85,000 | $105,000 | 61 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $150,000 | $150,000 | $150,000 | $150,000 | 12 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $228,000 | $228,000 | $228,000 | $228,000 | 221 |
| 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
