Wallingford Elementary Salutes The Super Bowl Champion Eagles
The 8 closed transactions in Wallingford during February fell 1 home short of last year’s activity for the second month of the year. The average selling price was substantially higher at $350,444 – an increase of 18.8% over last year.
Eight single family homes sold for an average price of $382,375 during the month and averaged 70 Days On Market. Last February also saw 8 homes selling for an average price of $292,363 and spending an average of 129 Days On Market.
One condo also sold during the month which when combined with the 8 single homes sold account for $3,059,000 of real estate changing hands during the month.
700 Pine Ridge Road had the highest selling price at $575,000.
Fourteen listings went under contract during the month – 10 single family homes , 2 condos, 1 twin, and 1 townhouse – with an average asking price of $415,143 and an average of 77 Days On Market.
There are 19 future settlements – 12 in March, 6 in April, and 1 in May.
Comparing year to date with last year the average selling price at $370,282 represents a 11.2% increase over the first two months of 2017. Closed transactions are running short of last year’s pace – 23 in 2018 vs 25 in 2017.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 708 Devon Lane | 4 | 2.2 | $405,000 | 02/02/18 | 45 |
| 205 Fildes lane | 5 | 3.1 | $565,000 | 02/08/18 | 186 |
| 113 Blackthorn Road | 3 | 2.0 | $333,500 | 02/09/18 | 1 |
| 748A Putnam Blvd | 2 | 1.0 | $95,000 | 02/14/18 | 42 |
| 606 Pine Ridge Road | 3 | 2.0 | $364,000 | 02/16/18 | 51 |
| 211 Willow Road | 3 | 2.0 | $235,000 | 02/16/18 | 1 |
| 215 Ash Road | 3 | 1.1 | $196,500 | 02/23/18 | 164 |
| 700 Pine Ridge Road | 4 | 2.1 | $575,000 | 02/26/18 | 87 |
| 205 Glendale Road | 3 | 2.1 | $385,000 | 02/26/18 | 28 |
| AVERAGE | $350,444 | 67 |
* DOM = Days On Market
4 of 9 transactions had a Seller Assist:
– 205 Fildes Lane – $10,000
– 113 Blackthorn Road – $10,005
– 606 Pine Ridge Road – $15,000
– 215 Ash Road – $11,500
Financing Methods
– Conventional Mortgage – 5 transactions
– Cash – 2 transactions
– FHA – 2 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $382,375 | $374,500 | $196,500 | $575,000 | 70 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $95,000 | $95,000 | $95,000 | $95,000 | 42 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2017 | 10 | $294,890 | 115 | 95.7% | 97.6% |
| 2018 | 9 | $350,444 | 67 | 93.6% | 96.0% |
| -10.0% | 18.8% | -41.7% | -2.1% | -1.6% |
Wallingford PA Real Estate – Wallingford, PA 19086
