With 13 closed transactions during March home sales in Wallingford PA exceeded last March’s total by 2 homes. However increased volume was not mirrored in the average selling price which dropped 22.8% to $251,185. Last March the average selling price stood at $325,309.
An unusually high percentage of the homes sold this March – 61.5% – were homes priced at $200,000 or less, whereas last year that same price range made up only 27.3% of homes sold. Historically over the past 5 years the $200,000 and under range has accounted for 28.5% of total sales.
A total of $3,265,400 in real estate changed hands during the month.
Six single family homes sold for an average price of $338,083 during the month and averaged 120 Days On Market. Last March 8 single family homes sold for an average price of $383,250 and spent an average of 103 Days On Market.
815 Meredith Drive had the highest selling price for the month at $522,500.
It was an active month for buyers with 33 homes going under contract – 25 single family homes, 7 townhomes and 1 condo – with an average asking price of $369,900 and an average of 75 Days On Market.
There are 29 settlements scheduled with 19 in April, 8 in May, and 2 in June.
At close of the 1st quarter of 2018 a total of 41 homes have sold surpassing last year’s 1st quarter volume by 3 homes. The average sales price has gone down $23,010 to $327,787 from last year where it stood at $327,787 representing a 7.0% drop.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 1158 Putnam Blvd | 2 | 2.1 | $175,000 | 03/02/18 | 139 |
| 815 Meredith Drive | 4 | 2.1 | $522,500 | 03/02/18 | 312 |
| 22 Chestnut Parkway | 4 | 2.1 | $309,000 | 03/02/18 | 76 |
| 707 Lansing Court | 3 | 2.0 | $149,900 | 03/02/18 | 37 |
| 301 Media Parkway | 3 | 1.0 | $99,000 | 03/05/18 | 8 |
| 800 Avondale Road #3L | 3 | 2.0 | $178,000 | 03/09/18 | 106 |
| 620 Morris Lane | 3 | 3.0 | $348,000 | 03/09/18 | 19 |
| 101 W Possum Hollow Road | 4 | 2.1 | $480,000 | 03/13/18 | 164 |
| 316 Saybrook Lane | 2 | 1.0 | $90,000 | 03/19/18 | 18 |
| 1308 Putnam Blvd | 2 | 2.1 | $185,000 | 03/22/18 | 295 |
| 23 Chestnut Parkway | 4 | 2.1 | $169,000 | 03/22/18 | 143 |
| 206 Hillsboro Mills Lane | 3 | 2.1 | $360,000 | 03/30/18 | 176 |
| 5 Chester Road | 3 | 1.1 | $200,000 | 03/30/18 | 8 |
| AVERAGE | $251,185 | 115 |
* DOM = Days On Market
3 of 13 transactions had a Seller Assist:
– 707 Lansing Court – $4,900
– 620 Morris Lane – $3,000
– 23 Chestnut Parkway – $9,500
Financing Methods
– Conventional Mortgage – 6 transactions
– Cash – 4 transactions
– FHA Mortgage – 2 transactions
– VA Mortgage – 1 transaction
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $338,083 | $328,500 | $169,000 | $522,500 | 120 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $240,000 | $185,000 | $175,000 | $360,000 | 203 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $124,450 | $124,450 | $99,000 | $149,900 | 23 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $134,000 | $134,000 | $90,000 | $178,000 | 62 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2017 | 11 | $325,309 | 102 | 94.8% | 95.5% |
| 2018 | 13 | $251,185 | 115 | 95.8% | 97.5% |
| 18.2% | -22.8% | 12.7% | 1.0% | 2.0% |
Wallingford PA Real Estate – Wallingford, PA 19086
