Archives for July 2017

Wallingford PA Real Estate – July 17, 2017 To July 23, 2017

July 25, 2017 by admin

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

There are 77 homes listed for sale in Wallingford PA and Nether Providence Township on July 25, 2017 with an average asking price of $404,118.

More Americans are choosing to rent than at any other point in the last 50 years, according to a report by the Pew Research Center. In 2016, 36.6% of households rented their homes, just shy of the 37% recorded in 1965, data shows.

Overall, the number of U.S. households has increased by 7.6 million over the past decade. But while the number of homeowner households has remained relatively flat over that time period, the number of renter households has soared by 10%.

Wallingford Market Snapshot – 77 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$404,118	$385,000	$104,900	$789,999	95

Single/Twin Market Snapshot – 62 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$445,644	$446,500	$125,000	$789,999	87

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$232,473	$194,000	$104,900	$499,000	129

*DOM = Days On Market

3 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

No listings were withdrawn from the market

41 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold July 17, 2017 To July 23, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
500 E Country Club Lane	4	3.1	$595,000	07/17/17	8
605 Vernon Street	3	1.0	$190,000	07/17/17	13
209 Woodward Road	5	3.1	$570,000	07/18/17	28
700 Avondale Road #6I	2	2.0	$115,000	07/19/17	23
Average			$367,500		18

1 home sold with a Seller Assist

– 700 Avondale Road #6I – $6,900

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 10, 2017 To July 16, 2017

July 18, 2017 by admin

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

There are 77 homes listed for sale in Wallingford PA and Nether Providence Township on July 18, 2017 with an average asking price of $401,981.

Furniture, appliances, and remodeling projects are among the biggest expenses for new homeowners, who spend an average of $10,600 in the first year of homeownership, according to a recent analysis by the National Association of Home Builders. New owners spend an average of $3,778 on furnishings alone, according to NAHB’s analysis. Here are a few common expenditures recent home buyers made:

Living room chairs and tables: $687
Dining room and kitchen furniture: $345
Window coverings: $215
Sofas: $700
Property alterations and repairs (particularly outdoor additions and alterations such as a new driveway, walkway, or fence): $3,729
Appliances (particularly washers and dryers, lawnmowers and other yard equipment, and computer hardware and systems): $3,094

Wallingford Market Snapshot – 77 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$401,981	$385,000	$104,900	$795,000	93

Single/Twin Market Snapshot – 61 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$448,418	$448,000	$125,000	$795,000	87

Townhouse/Condo Market Snapshot – 16 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$224,943	$192.298	$104,900	$499,000	116

*DOM = Days On Market

4 Wallingford PA homes went under contract

12 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

41 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold July 10, 2017 To July 16, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
610 School Lane	3	1.1	$295,000	07/10/17	21
303 Henry Lane	4	2.0	$360,,000	07/12/17	16
718B Putnam Blvd	2	1.0	$110,000	07/12/17	10
211 Martroy Lane	4	2.1	$539,000	07/14/17	8
619 Morris Lane	3	2.1	$335,000	07/14/17	19
108 Beech Road	3	2.0	$216,000	07/14/17	7
300 Fairfield Drive	4	2.2	$475,000	07/14/17	3
Average			$332,857		12

2 homes sold with a Seller Assist

– 610 School Lane – $9,250

– 718B Putnam Blvd – $200

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 3, 2017 To July 9, 2017

July 11, 2017 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 July 11, 2017 with an average asking price of $415,802.

Positive consumer sentiment about the housing market reach a record high in June according to Fannie Mae’s Home Purchase Sentiment Index. The index rose 2.1% last month the 88.3 which matches the record high set in February.

Wallingford Market Snapshot – 76 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$415,802	$392,000	$104,900	$969,000	94

Single/Twin Market Snapshot – 61 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$460,426	$469,900	$125,000	$969,000	88

Townhouse/Condo Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$224,330	$195,000	$104,900	$499,000	117

*DOM = Days On Market

3 Wallingford PA homes went under contract

4 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

46 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold July 3, 2017 To July 9, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
719 Oxford Lane	4	2.1	$369,900	07/07/17	4
202 Martroy Lane	3	2.0	$400,000	07/07/17	28
705 Harvey Road	4	2.0	$275,000	07/09/17	20
Average			$348,300		17

No homes sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 2nd Quarter 2017 Review

July 7, 2017 by admin

The 2nd quarter of 2017 in Wallingford PA saw a total of 68 homes sold falling short of last year’s volume by 9 homes but seeing the average price increase by 14.0% to $371,707. Total dollar sales volume rose to $25,276,060, and days on market fell by 31.8% to an average of 60 vs 88 last year.

The core category of single family homes recorded 55 sales with an average selling price of $418,405 compared to 56 single homes sold last year with an average selling price of $380,606 – an increase of 9.9%

April recorded 13 sales, May 24 sales, and 31 homes were sold in June.

The highest priced home sold in the 2nd quarter was 2 Lake Road that sold in May for $750,000.

At the mid point of the year 106 closed transactions have been recorded with an average selling price of $355,962 compared to 108 sales with an average selling price of $312,094 for the first six months of 2016.

**WALLINGFORD – 2ND QUARTER 2016 VS 2ND QUARTER 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	77	$326,004	88	95.1%	97.7%
2016	68	$371,707	60	95.9%	97.8%
	-11.7%	14.0%	-31.8%	0.8%	0.1%

2ND QUARTER 2017 – SALES BY PRICE RANGE

PRICE RANGE	SALES
0 To $100,000	1
$100,000 To $200,000	9
$200,000 To $300,000	13
$300,000 To $400,000	17
$400,000 To $500,000	15
$500,000 To $600,000	9
$600,000 To $700,000	2
$700,000 To $800,000	2
TOTAL	68

Single Family Homes Sold – 2nd Quarter 2017 – 55 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$418,405	$399,900	$320,500	$750,000	52

Townhouses Sold – 2nd Quarter 2017 – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$185,468	$181,500	$150,000	$225,000	120

Condominiums Sold – 2nd Quarter 2017 – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$98,250	$101,500	$85,000	$105,000	70

Twin Homes Sold – 2nd Quarter 2017 – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$321,500	$321,500	$228,000	$415,000	120

Row Homes Sold – 2nd Quarter 2017 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$115,000	$115,000	$115,000	$115,000	24

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 2017

July 5, 2017 by admin

June 2017 posted 31 closed sales falling short of last June’s tally by 2 homes. The average sales price in June came in at $373,252 which represents a 11.5% increase over last year’s average of $333,867. The 31 sales were comprised of 27 single family homes, 2 townhomes, 1 row, and 1 condo.

During June 27 single family homes sold for an average price of $404,511 and averaged 53 days on the market. Thirteen single homes sold in less than 14 days. Last June 26 single family homes sold for an average price of $$382,681 and averaged 64 days on the market.

The highest selling price for the month was $643,500 for 904 Heathdale Lane.

There were 25 listings with an average list price of $317,384 that went under contract during the month – 16 single family homes, 4 condos, 4 twins, an 1 townhome.

There are 41 settlements scheduled with 31 in July, 9 in August, and 1 in September.

Wallingford PA Closed Home Transactions June 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
120 Maple Road	4	1.0	$210,000	06/01/17	207
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
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
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
23 Berkshire Drive	5	2.1	$395,000	06/26/17	35
714 Beechwood Road	3	2.1	$395,700	06/26/17	11
505 Wilder Road	5	2.1	$420,000	06/27/17	6
656 Niblick Lane	3	2.1	$225,000	06/28/17	471
108 Sycamore Lane	3	2.0	$619,000	06/29/17	5
753 Pennsylvania Avenue	2	1.0	$115,000	06/29/17	24
217 Beech Road	3	1.0	$205,000	06/29/17	2
615 W Brookhaven Road	4	3.1	$386,000	06/30/17	59
1006 Putnam Blvd	2	2.1	$178,000	06/30/17	41
210 Ridgewood Road	3	1.1	$429,900	06/30/17	5
26 Brookside Road	4	3.0	$540,000	06/30/17	14
AVERAGE			$372,252		68

* DOM = Days On Market

10 of 31 transactions sold with a Seller Assist:

– 208 Ash Road – $12,500

– 824A Putnam Blvd – $3,000

– 416 Oak Valley Road- $7,500

– 404 Briarwood Road – $11,200

– 903 Twyckenham Road – $1,000

– 23 Berkshire Road – $1,800

– 753 Pennsylvania Avenue – $500

– 217 Beech Road – $5,000

– 615 W Brookhaven Road – $15,000

– 1006 Putnam Blvd – $500

Financing Methods

– Conventional Mortgage – 20 transactions

– Cash – 6 transactions

– FHA Mortgage – 5 transactions

**WALLINGFORD SINGLE HOMES – JUNE 2017 – 27 SALES**
Avg Price	Median Price	Low	High	DOM*
$404,511	$395,000	$205,000	$643,500	53

**WALLINGFORD TOWNHOUSES – JUNE 2017 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$201,500	$201,500	$178,000	$225,000	256

**WALLINGFORD CONDOS – JUNE 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$100,000	$100,000	$100,000	$100,000	129

**WALLINGFORD ROWS – JUNE 2017 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$115,000	$115,000	$115,000	$115,000	24

**WALLINGFORD – JUNE 2016 VS JUNE 2017**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2016	33	$333,867	76	95.5%	98.3%
2017	31	$372,252	68	94.4%	97.3%
	-6.1%	11.5%	-10.5%	-1.1%	-1.0%

Wallingford PA Real Estate – Wallingford, PA 19086

Archives for July 2017

S. Clark Kendus