September Is Here – School Is Open!
Sales during September 2017 increased by 1 home over last year with 14 closed transactions, and the average price soared 76.5% compared to September 2016 with the average selling coming in at $401,207. Five homes this year homes sold for more than $500,000 and last year 3 years sold for under $100,000 which accounts for the majority of the dramatic increase in the average sales price. September sales consisted of 9 single family homes, 3 townhomes, and 2 condos.
Nine single family homes sold for an average price of $494,878 and averaged 89 days on the market. Last September 10 single family homes sold for an average price of $257,400 and spent an average of 54 days on the market.
314 Plush Mill Road had the highest selling price for the month at $875,000.
Eighteen listings went under contract during the month – 12 single family homes, 3 townhouses, 2 twins, and 1 condo with an average asking price of $335,850 and an average of 71 Days On Market.
There are are 23 future settlements scheduled with 11 in October, 9 in November, 2 in December, and 1 in January.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 122 S Providence Road | 4 | 2.1 | $630,000 | 09/11/17 | 53 |
| 608 Rockbourne Mills Ct | 3 | 3.1 | $375,000 | 09/12/17 | 161 |
| 116 Ash Road | 3 | 1.1 | $250,000 | 09/13/17 | 8 |
| 2 Chatham Place | 4 | 2.1 | $525,000 | 09/14/17 | 146 |
| 602 Columbia Mills Ct | 3 | 3.1 | $350,000 | 09/15/17 | 72 |
| 312 Media Parkway | 3 | 1.0 | $145,000 | 09/15/17 | 173 |
| 206 Linden Lane | 5 | 3.1 | $640,000 | 09/18/17 | 13 |
| 314 Plush Mill Road | 4 | 3.2 | $875,000 | 09/20/17 | 119 |
| 308 Plush Mill Road | 5 | 3.2 | $725,000 | 09/22/17 | 159 |
| 832A Putnam Blvd | 2 | 1.0 | $100,000 | 09/25/17 | 153 |
| 1049 Putnam Blvd | 3 | 2.1 | $219,000 | 09/25/17 | 31 |
| 511 Hastings Avenue | 3 | 1.0 | $262,900 | 09/28/17 | 12 |
| 700 Avondale Road #3B | 2 | 2.0 | $110,000 | 09/29/17 | 5 |
| 318 Crestview Circle | 3 | 2.1 | $410,000 | 09/29/17 | 7 |
| AVERAGE | $401,207 | 87 |
* DOM = Days On Market
4 of 14 transactions had a Seller Assist:
– 116 Ash Road – $1,200
– 308 Plush Mill Road – $29,000
– 608 Rockbourne Mills Court – $10,000
– 1049 Putnam Blvd – $5,000
Financing Methods
– Conventional Mortgage – 9 transactions
– Cash – 3 transactions
– FHA Mortgage – 1 transaction
– FVA Mortgage – 1 transaction
312 Media Parkway was reported as a Bank Owned Foreclosure.
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $495,878 | $270,000 | $145,000 | $875,000 | 89 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $314,667 | $350,000 | $219,000 | $375,000 | 88 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $105,000 | $105,000 | $100,000 | $110,000 | 79 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2016 | 13 | $227,377 | 86 | 90.5% | 94.7% |
| 2017 | 14 | $401,207 | 87 | 96.9% | 93.7% |
| 7.7% | 76.5% | 1.1% | 6.4% | -1.00% |
Wallingford PA Real Estate – Wallingford, PA 19086
