A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 9 homes listed for sale – 7 Active listings and 2 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 16, 2021 with an average asking price of $530,463.
The average purchase loan amount has reached a new record high: $402,200, the Mortgage Bankers Association reported Wednesday. The higher-priced segment of the housing market continues to perform strongly, the MBA says.
Mortgage amounts have been climbing to new record highs since April 2020, near the start of the COVID-19 pandemic.
Mortgage applications for home purchases were up 17% last week over last year, the MBA reports.
Home buyers are borrowing more as home prices rise by double-digit percentages over the past year. Also, mortgage interest rates have been hovering near record lows. “Since interest rates are lower, monthly payments are lower – even with higher loan balances,” says The Ascent, a Motley Fool financial publication. “This makes it easier for would-be borrowers to get approved for bigger loans.”
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
3 Wallingford PA homes went under contract
2 new listings came onto the market
No listings were withdrawn from the market
No listings were temporarily taken off the market
No listings expired
13 homes are Under Contract at this time
5 Wallingford PA homes sold last week
|800 Avondale Road #6G||CONDO||2||2.0||$135,500||02/09/21||1|
|17 Kershaw Road||SNG||3||3.0||$920,000||02/09/21||107|
|216 Highland Avenue||SNG||6||4.1||$500,000||02/11/21||290|
|208 Emerald Lane||TWIN||3||1.1||$325,000||02/12/21||9|
|719 Pennsylvania Avenue||TWIN||2||1.0||$65,000||02/12/21||28|
17 Kershaw Road sold with a $9,000 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086