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With 16 closed transactions during March home sales in Wallingford PA exceeded last March’s total by 3 homes. The average selling price saw a gain of 6.8% to $266,894. Last March the average selling price stood at $251,185.
A total of $4,270,300 in real estate transferred during the month.
Six single family homes sold for an average price of $439,983 during the month and averaged 51 Days On Market. Last March 8 single family homes sold for an average price of $338,083 and spent an average of 120 Days On Market.
411 Palmers Lane had the highest selling price for the month at $626,000.
It was an active month for buyers with 30 homes going under contract – 24 single family homes, 2 townhomes and 2 condos, 1 twin, and 1 row home – with an average asking price of $378,260 and an average of 45 Days On Market.
There are 41 settlements scheduled with 14 in April, 18 in May, 7 in June, and 1 in both July and August.
At close of the 1st quarter of 2019 a total of 37 homes have sold falling short last year’s 1st quarter volume by 4 homes. The average sales price has gone up $19,893 to $324,670 from last year when it stood at $304,777 representing a 6.5% increase.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 308 Media Parkway | SNG | 3 | 2.1 | $282,000 | 03/01/19 | 20 |
| 10 Leslie Lane | SNG | 4 | 2.1 | $314,000 | 03/08/19 | 71 |
| 937 Putnam Blvd | SNG | 4 | 2.1 | $314,000 | 03/11/19 | 71 |
| 1133 Putnam Blvd | TOWN | 3 | 3.0 | $172,500 | 03/13/19 | 118 |
| 431 Saybroook Lane | TOWN | 2 | 2.1 | $170,000 | 03/15/19 | 115 |
| 602 Columbia Mills Court | TOWN | 3 | 3.0 | $420000 | 03/15/19 | 120 |
| 718 Pennsylvania Avenue | ROW | 3 | 1.0 | $67,000 | 03/18/19 | 269 |
| 1240 Putnam Blvd | TOWN | 2 | 2.2 | $194,500 | 03/22/19 | 12 |
| 224 Wallingford Avenue | SNG | 5 | 4.2 | $538,000 | 03/26/19 | 174 |
| 707 Raleigh Court | TWIN | 2 | 1.0 | $107,000 | 03/26/19 | 66 |
| 411 Palmers Lane | SNG | 4 | 2.1 | $626,000 | 03/28/19 | 5 |
| 604 School Lane | SNG | 4 | 2.0 | $349,900 | 03/28/19 | 35 |
| 840B Putnam Blvd | CONDO | 2 | 1.0 | $105,000 | 03/28/19 | 14 |
| 420 Washington Avenue | TWIN | 4 | 2.0 | $84,500 | 03/28/19 | 58 |
| 509 E Country Club Lane | SNG | 3 | 3.0 | $530,000 | 03/29/19 | 1 |
| 800 Avondale Road #3C | CONDO | 2 | 2.0 | $134,900 | 03/29/19 | 25 |
| AVERAGE | $314,000 | 71 |
* DOM = Days On Market
7 of 16 transactions had a Seller Assist:
– 308 Media Parkway – $550
– 431 Saybroook Lane – $5,070
– 1240 Putnam Blvd – $250
– 224 Wallingford Avenue – $5,000
– 707 Raleigh Court – $6,420
– 509 E Country Club Lane – $2,400
– 800 Avondale Road #3C – $500
Financing Methods
– Conventional Mortgage – 11 transactions
– Cash – 3 transactions
– FHA Mortgage – 2 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $439,983 | $328,500 | $282,000 | $626,000 | 51 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $226,400 | $175,000 | $170,000 | $420,000 | 79 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $95,750 | $95,750 | $84,500 | $107,000 | 62 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $119,950 | $119,950 | $105,000 | $134,900 | 20 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $67,000 | $67,000 | $67,000 | $67,000 | 269 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2018 | 13 | $251,185 | 103 | 95.8% | 97.5% |
| 2019 | 16 | $266,894 | 71 | 93.8% | 99.2% |
| 23.1% | 6.3% | -31.1% | -2.0% | 1.7% |
Wallingford PA Real Estate – Wallingford, PA 19086
