Wallingford Weekly Update 2017

Wallingford PA Real Estate – December 25, 2017 To December 31, 2017

January 2, 2018 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 49 homes listed for sale in Wallingford PA and Nether Providence Township on January 2, 2018 with an average asking price of $368,513.

Each year, Fannie Mae and Freddie Mac adjust their limits for conventional, conforming loans based on changes in median home prices. For 2018, the companies are increasing loan limits nearly 7%, to a maximum loan amount of $453,100. That’s up from $424,100. In the country’s most expensive markets, such as San Francisco and New York, loans can go as high as $679,650.

Wallingford Market Snapshot – 49 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$368,513	$359,900	$105,000	$790,000	113

Single/Twin Market Snapshot – 36 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$422,901	$408,950	$155,000	$790,000	116

Townhouse/Condo Market Snapshot – 13 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$217,898	$195,900	$105,000	$435,000	103

*DOM = Days On Market

2 Wallingford PA homes went under contract

1 new listing came onto the market

1 listing expired

2 listings were withdrawn from the market

24 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold December 25, 2017 To December 31, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
815 S Providence Road	3	2.0	$215,000	12/28/17	99
846 Parkridge Drive	4	2.1	$380,000	12/28/17	52
202 Plush Mill Road	5	3.2	$440,000	12/28/17	30
762 Pennsylvania Avenue	3	1.0	$126,900	12/29/17	205
415 Sheffield Drive	5	3.1	$575,000	12/29/17	9
Average			$347,380		74

Three homes sold with a Seller Assist

– 846 Parkridge Drive – $5,839

– 202 Plush Mill Road – $10,000

– 762 Pennsylvania Avenue – $1,700

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 18, 2017 To December 24, 2017

December 26, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 55 homes listed for sale in Wallingford PA and Nether Providence Township on December 19, 2017 with an average asking price of $389,821.

The time homes spent on the market hit an all-time low in 2017 at just three weeks, the National Association of REALTORS® reports. A low inventory of homes for sale mixed with strong buyer demand has helped to keep market times low from 2014 to 2017.

During the height of the housing boom from 2001 to 2005, homes sold within a month of being listed. But as the housing market began to slow in 2006, the median time jumped to six weeks, and then to 10 weeks by 2009.

Wallingford Market Snapshot – 55 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$389,821	$392,500	$105,000	$790,000	112

Single/Twin Market Snapshot – 42 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$442,857	$442,445	$155,000	$790,000	118

Townhouse/Condo Market Snapshot – 13 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$218,475	$195,900	$105,000	$435,000	96

*DOM = Days On Market

1 Wallingford PA home went under contract

2 new listings came onto the market

2 listings expired

1 listing was withdrawn from the market

31 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold December 18, 2017 To December 24, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
758 Pennsylvania Avenue	2	1.0	$110,000	12/21/17	52
205 Elm Road	2	1.0	$175,000	12/20/17	31
Average			$142,500		42

Neither home sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 11, 2017 To December 17, 2017

December 19, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 62 homes listed for sale in Wallingford PA and Nether Providence Township on December 19, 2017 with an average asking price of $399,720.

Home buyers are putting more money down on a home, as the median down payment for a single-family home or condo in the third quarter was $20,000 – a new record high, according to ATTOM Data Solutions’ Q3 2017 U.S. Residential Property Loan Origination Report. The average down payment equaled 7.6% of the median home sales price of $263,000, according to the report.

Wallingford Market Snapshot – 62 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$399,720	$417,500	$105,000	$790,000	108

Single/Twin Market Snapshot – 48 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$446,844	$449,995	$155,000	$790,000	111

Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$238,156	$196,839	$105,000	$490,000	95

*DOM = Days On Market

4 Wallingford PA homes went under contract

2 new listings came onto the market

No listings expired

No listings were withdrawn from the market

33 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold December 11, 2017 To December 17, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
101 Emerald Street	4	3.1	$354,500	12/13/17	81
723 Scott Lane	4	3.1	$440,000	12/14/17	21
522 Georgetown Road	3	2.1	$369,000	12/14/17	5
28 Medbury Lane	4	2.1	$395,000	12/15/17	87
111 W Brookhaven Road	5	2.1	$395,000	12/15/17	39
Average			$390,700		47

101 Emerald Street sold with a $9,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 4, 2017 To December 10, 2017

December 12, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 62 homes listed for sale in Wallingford PA and Nether Providence Township on December 12, 2017 with an average asking price of $395,717.

West Chester based economic research firm Moody’s Analytics released a study last week projected that that Delaware County home values would decrease in 2019 by 6.6% based upon the proposed tax code changes that are directed at homeowners.

Wallingford Market Snapshot – 62 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$395,717	$417,500	$104,900	$790,000	106

Single/Twin Market Snapshot – 48 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$443,966	$449,995	$155,000	$790,000	111

Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$230,291	$188,950	$104,900	$490,000	88

*DOM = Days On Market

3 Wallingford PA homes went under contract

5 new listings came onto the market

2 listings expired

1 listing was withdrawn from the market

35 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold December 4, 2017 To December 10, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
216 W Brookhaven Road	4	2.2	$470,000	12/05/17	10
709 Hemlock Road	4	2.1	$575,000	12/08/17	3
Average			$522,500		7

Neither home sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 27, 2017 To December 3, 2017

December 5, 2017 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 62 homes listed for sale in Wallingford PA and Nether Providence Township on December 5, 2017 with an average asking price of $409,420.

Homes across the country today spend a median time of three weeks on the market – far shorter than the median of 11 weeks five years ago, according to new data from the National Association of REALTORS®. A growing inventory shortage, an improving economy and job creation is driving buyer demand.

Through the end of November in Wallingford homes have spent an average of 71 days on the market.

Wallingford Market Snapshot – 62 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$409,420	$419,950	$115,000	$790,000	105

Single/Twin Market Snapshot – 51 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$441,027	$434,900	$174,900	$790,000	106

Townhouse/Condo Market Snapshot – 11 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$262,880	$197,777	$115,000	$490,000	103

*DOM = Days On Market

7 Wallingford PA homes went under contract

3 new listings came onto the market

2 listings expired

1 listing was withdrawn from the market

35 homes are Under Contract at this time

5 Wallingford PA homes sold last week.

Wallingford Homes Sold November 27, 2017 To December 3, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1 Sharpless Lane	4	2.1	$315,000	11/27/17	154
800 Avondale Road #7E	1	1.0	$67,000	11/28/17	12
108 Governors Drive	4	2.1	$336,500	11/30/17	22
303 Marlyn Lane	4	2.0	$275,000	11/30/17	101
230 Grandview Road	3	1.1	$308,500	12/01/17	75
Average			$260,400		73

2 homes sold with a Seller Assist

– 1 Sharpless Lane – $15,000

– 230 Grandview Road – $12,500

Wallingford PA Real Estate – Wallingford, PA 19086

S. Clark Kendus