Halloween On Providence Road
October was a scary month for home sales in Wallingford PA. A total of 11 sales were recorded for the month which represents a 5 home decrease over last year. The average selling price declined 24.2% when compared to last year averaging $221,364. October sales consisted of 4 single family homes, 4 condos, 2 row homes, and 1 twin home. A total of $2,435,000 real estate changed hands during the month.
October’s 4 single family homes sold for an average price of $385,625 and averaged 30 days on the market. Last October 10 single family homes sold for an average price of $375,690 and spent an average of 68 days on the market. This is a 2.6% increase in the average selling price for singles.
832 Surrey Lane had the highest selling price for the month at $450,000.
For the year to date through October the number of closed transactions stands at 195 vs 185 for the same time period last year. The average selling price for the first 10 months of this year stands at $323,113 vs $348,670 last year.
Eleven listings went under contract during the month – 4 single family homes, 3 condos, 3 townhomes, and 1 twin with an average asking price of $249,773 and an average of 75 Days On Market.
There are 24 future settlements scheduled with 19 in November, 4 in December, and 1 in February.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 435 New Jersey Avenue | 2 | 1.0 | $100,000 | 10/03/18 | 8 |
| 700 Avondale Road #PH5 | 1 | 1.0 | $85,000 | 10/03/18 | 39 |
| 600 E Wiltshire Drive | 3 | 2.1 | $188,600 | 10/12/18 | 40 |
| 721 Pennsylvania Avenue | 2 | 1.0 | $107,000 | 10/15/18 | 14 |
| 39 Green Valley Road | 3 | 1.1 | $386,500 | 10/19/18 | 13 |
| 372A Saybrook Lane | 2 | 1.0 | $109,900 | 10/19/18 | 3 |
| 832 Surrey Lane | 3 | 2.0 | $450,000 | 10/26/18 | 4 |
| 17 Medbury Lane | 3 | 2.0 | $290,000 | 10/26/18 | 10 |
| 416 Palmers Lane | 3 | 1.1 | $416,000 | 10/29/18 | 94 |
| 800 Avondale Road #5D | 3 | 2.0 | $212,000 | 10/29/18 | 14 |
| 800 Avondale Road #7B | 1 | 1.0 | $90,000 | 10/30/18 | 4 |
| AVERAGE | $221,364 | 22 |
* DOM = Days On Market
6 of 11 transactions settled with a Seller Assist:
– 435 New Jersey Avenue – $3,000
– 600 E Wiltshire Drive – $10,000
– 721 Pennsylvania Avenue – $6,420
– 39 Green Valley Road – $8,500
– 800 Avondale Road #7B – $750
Financing Methods
– Conventional Mortgage – 5 transactions
– Cash – 3 transactions
– FHA Mortgage – 3 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $385,625 | $401,250 | $290,000 | $450,000 | 30 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $124,225 | $99,500 | $85,000 | $212,000 | 15 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $103,500 | $103,500 | $100,000 | $107,000 | 11 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $186,600 | $186,600 | $186,600 | $186,600 | 40 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2017 | 16 | $292,134 | 79 | 94.4% | 97.2% |
| 2018 | 11 | $221,364 | 22 | 97.9% | 98.4% |
| -31.3% | -24.2% | -72.2% | 3.5% | 1.2% |
Wallingford PA Real Estate – Wallingford, PA 19086
