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Copyright 2018 NATIONAL ASSOCIATION OF REALTORS®
Archives for January 2018
Wallingford PA Real Estate – January 22, 2018 To January 28, 2018
A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 44 homes listed for sale in Wallingford PA and Nether Providence Township on January 30, 2018 with an average asking price of $389,848.
In 2017, the national average mortgage debt was $201,811 – a 3% percent year over year increase from 2016 and a 9.49% increase from 2007.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $389,848 | $392,4000 | $113,000 | $885,000 | 119 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $445,949 | $425,000 | $139,900 | $885,000 | 112 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $194,900 | $194,900 | $149,900 | $239,900 | 244 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $296,535 | $260,000 | $197,777 | $435,000 | 124 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $150,500 | $149,000 | $124,500 | $178,000 | 110 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $113,000 | $113,000 | $113,000 | $113,000 | 91 |
*DOM = Days On Market
No Wallingford PA homes went under contract
4 new listings came onto the market
No listings expired
No listings were withdrawn from the market
21 homes are Under Contract at this time
3 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 922 Winding Lane | 4 | 3.1 | $615,000 | 01/25/18 | 228 |
| 339 Plush Mill Road | 2 | 1.1 | $335,000 | 01/25/18 | 14 |
| 5 Morgan Lane | 4 | 2.1 | $292,500 | 01/25/18 | 32 |
| AVERAGE | $414,167 | 91 |
No homes sold with a Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086
State Of The Housing Union
Preceding the President’s State of the Union address this week, the “State of the Housing Union” released by realtor.com is characterized by strong but unsatisfied buyer demand, tight inventory in a robust and growing economy.
The new tax law – which caps the mortgage interest deduction for primary and secondary residences at $750,000 and limits state and local tax deductions – is expected to impact the upper end of the market in 2018.
The outlook for the general economy is upbeat; buoyant consumer confidence is anchored by unemployment reaching historic lows and the current strength of the U.S. stock market, but projections for the housing market were less rosy with sales growth of existing homes cooling in 2017, rising 1.1% last year compared to 3.8% in 2016.
Hampered sales were of course the result of low inventory rather than a lack of demand. Inventory fell 8.8% nationally in 2017, compared with 10.7% the previous year despite solid increases in new construction of single-family homes over the past two years.
Wallingford PA Real Estate – Wallingford, PA 19086
Wallingford PA Real Estate – January 15, 2018 To January 21, 2018
A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 42 homes listed for sale in Wallingford PA and Nether Providence Township on January 22, 2018 with an average asking price of $382,303.
After five consecutive years of solid gains, home price growth in 2018 is likely to calm down measurably and rise by only 2% on a nationwide basis according to the chief economist for the National Association Of Realtors (NAR). Price gains will be uneven with some states experiencing price declines, while others will see positive growth.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $382,303 | $392,4000 | $94,900 | $790,000 | 124 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $456,043 | $459,900 | $174,900 | $790,000 | 126 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $161,567 | $149,900 | $94,900 | $239,900 | 159 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $297,046 | $274,750 | $197,777 | $435,000 | 117 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $150,500 | $149,000 | $124,500 | $178,000 | 102 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $113,000 | $113,000 | $113,000 | $113,000 | 83 |
*DOM = Days On Market
5 Wallingford PA homes went under contract
1 new listing came onto the market
No listings expired
No listings were withdrawn from the market
25 homes are Under Contract at this time
5 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 207 Garnet Lane | 4 | 2.1 | $251,475 | 01/15/18 | 80 |
| 710 Pine Ridge Road | 3 | 2.1 | $402,500 | 01/16/18 | 73 |
| 511 W Country Club Lane | 3 | 2.0 | $380,000 | 01/16/18 | 1 |
| 500 Ryanard Road | 4 | 1.0 | $247,000 | 01/12/18 | 27 |
| 630 Morris Lane | 3 | 2.1 | $362,000 | 01/19/18 | 6 |
| AVERAGE | $328,595 | 46 |
1 home sold with a Seller Assist
– 710 Pine Ridge Road – $1,200
Wallingford PA Real Estate – Wallingford, PA 19086
Foreclosure Rate Drops To 12 Year Low
Foreclosure filings in 2017 fell their lowest level since 2005 and decreased 27% from last year’s levels according to ATTOM Data Solutions, a real estate data research firm.
Foreclosure filings were reported on 676,535 properties nationwide in 2017 which represents just .51% of all housing stock in the country. When filings were at a peak during the housing crisis, they represented 2.2% of all U.S. housing units. Filings were down 76% from their peak of nearly 2.9 million properties in 2009.
New Jersey, Delaware, Maryland, Illinois and Connecticut had the highest foreclosure rates in 2017.
There were 5 foreclosures reported in the MLS for Nether Providence out of 221 properties sold representing 2.3% of transactions. In 2016 the percentage of foreclosures stood at 4.2%
Wallingford PA Real Estate – Wallingford, PA 19086
