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

There are 70 homes listed for sale in Wallingford PA and Nether Providence Township on September 26, 2017 with an average asking price of $388,027.

New homes are expected to be a “primary driver of sales in 2018,” as 1.33 million housing starts are predicted next year—up from 1.22 million in 2017, according to Freddie Mac’s September Outlook report, which gauges future real estate activity. Total home sales are expected to increase about 2% from 2017 to 2018, according to the report.

Economists also predict that the uptick in housing starts, coupled with a moderate increase in mortgage rates, will help slow the run-up in home prices next year. Freddie Mac forecasts a 4.9% increase in home prices in 2018, lower than the 6.3% growth seen so far this year. Mortgage rates also are up from near-record lows in 2016, prompting predictions that refinancings will fall to 25% of mortgage activity in 2018 – the lowest share since 1990, according to Fannie Mae.

Wallingford Market Snapshot – 70 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,027	$378,400	$99,900	$764,999	101

Single/Twin Market Snapshot – 55 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$430,164	$425,000	$125,000	$764,999	102

Townhouse/Condo Market Snapshot – 15 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$233,525	$192,595	$99,900	$490,000	97

*DOM = Days On Market

9 Wallingford PA homes went under contract

17 new listings came onto the market

3 listings expired

5 listings were withdrawn from the market

25 homes are Under Contract at this time

8 Wallingford PA homes sold

Wallingford Homes Sold September 4, 2017 To September 24, 2017

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
122 S Providence Road	4	2.1	$630,000	09/11/17	53
608 Rockbourne Mills Ct	3	3.1	$375,000	09/12/17	161
116 Ash Road	3	1.1	$250,000	09/13/17	8
2 Chatham Place	4	2.1	$525,000	09/14/17	146
602 Columbia Mills Ct	3	3.1	$350,000	09/15/17	72
312 Media Parkway	3	1.0	$145,000	09/15/17	173
206 Linden Lane	5	3.1	$640,000	09/18/17	13
314 Plush Mill Road	4	3.2	$875,000	09/20/17	119
Average			$473,750		93

2 homes sold with a Seller Assist

– 608 Rockbourne Mills Ct – $10,000

– 116 Ash Road – $1,200

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 68 homes listed for sale in Wallingford PA and Nether Providence Township on September 5, 2017 with an average asking price of $393,276.

The number of mortgage applications for home purchases continues to underwhelm, despite rates being at their lowest levels since November. Mortgage applications for purchasing a home dropped 3% last week on a seasonally adjusted basis.

The annual gain in purchase applications remains positive (4% higher than a year ago), but they’re narrowing as the supply of homes for sale falls and makes it tougher for buyers to find and afford a home, CNBC reports.

Wallingford Market Snapshot – 68 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$393,276	$365,400	$99,900	$825,000	115

Single/Twin Market Snapshot – 52 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$445,265	$425,000	$125,000	$825,000	112

Townhouse/Condo Market Snapshot – 16 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$224,311	$189,250	$99,900	$490,000	123

*DOM = Days On Market

5 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

24 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold August 28, 2017 To September 3, 2017

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
525 Vernon Street	3	1.0	$200,000	08/29/17	99
220 Turner Road	6	3.1	$830,000	08/30/17	5
202 Avondale Road	4	2.1	$330,000	08/31/17	99
800 Avondale Road #2D	3	2.0	$184,300	08/31/17	35
Average			$386,075		60

2 homes sold with a Seller Assist

– 525 Vernon Street – $6,000

– 800 Avondale Road #2D – $2,500

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 71 homes listed for sale in Wallingford PA and Nether Providence Township on August 29, 2017 with an average asking price of $373,690.

Home prices continue to rise and more homeowners are tapping into their home equity, making home equity lines of credit and cash-out mortgage refinances popular again.

Home equity line originations jumped 8% to nearly $46 billion in the second quarter. That is the highest level since 2008, according to data from Equifax, a credit reporting firm. Cash-out mortgage refinances reached $15 billion, a 6% increase from a year ago, according to Freddie Mac.

Wallingford Market Snapshot – 71 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$373,690	$349,900	$45,000	$779,999	108

Single/Twin Market Snapshot – 54 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$420,720	$422,250	$45,000	$779,999	108

Townhouse/Condo Market Snapshot – 17 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$224,298	$192,000	$105,000	$490,000	111

*DOM = Days On Market

2 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

3 listings were withdrawn from the market

22 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold August 21, 2017 To August 27, 2017

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
119 W Possum Hollow Road	4	2.2	$533,750	08/21/17	4
28 Green Valley Road	3	1.1	$412,000	08/22/17	13
409 Hawthorne Road	3	2.0	$338,000	08/23/17	111
303 Governors Drive	4	2.1	$351,000	08/23/17	71
Average			$408,688		50

3 homes sold with a Seller Assist

– 28 Green Valley Road – $1,000

– 409 Hawthorne Road – $6,025

– 303 Governors Drive – $4,100

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 73 homes listed for sale in Wallingford PA and Nether Providence Township on August 22, 2017 with an average asking price of $381,156.

A property that offers a great outdoor space is taking a higher priority among home buyers. In fact, home shoppers recently surveyed said they would be willing to sacrifice some space from a larger house in order to get a bigger yard.

More than half of 1,000 buyers recently surveyed – or 56% – said they’d be willing to sacrifice square footage in a home for a great outdoor space. The survey was conducted by Wakefield Research on behalf of Taylor Morrison, a national home builder.

Wallingford Market Snapshot – 73 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$381,156	$360,900	$105,000	$779,999	111

Single/Twin Market Snapshot – 58 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$423,745	$422,250	$125,000	$779,999	109

Townhouse/Condo Market Snapshot – 15 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$216,478	$192,000	$105,000	$490,000	118

*DOM = Days On Market

2 Wallingford PA homes went under contract

3 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

24 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold August 14, 2017 To August 20, 2017

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
604 Crum Creek Road	4	4.0	$612,500	08/15/17	32
202 Avondale Road	4	2.1	$330,000	08/19/17	99
Average			$471,250		66

Neither home sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 74 homes listed for sale in Wallingford PA and Nether Providence Township on August 15, 2017 with an average asking price of $369,110.

Inventory of available homes on the market is the lowest it’s been in two decades, but the reasons may surprise you. Two of the likely culprits are baby boomers and homeowners who are simply satisfied with their home, according to realtor.com®’s Housing Shortage Study.

Baby boomers are showing a desire to age in place in their current homes, and their refusal to sell is creating a clog in the market, according to the study. Eighty-five percent of baby boomers surveyed say they are not planning to sell their home in the next year. That means 33 million properties—many of which are urban condos or suburban single-family homes—will stay off the market. Many of those properties would be popular choices for millennials, a generation still largely waiting in the wings to break into homeownership.

Wallingford Market Snapshot – 74 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$369,110	$349,900	$104,900	$779,999	104

Single/Twin Market Snapshot – 57 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$418,251	$419,500	$125,000	$779,999	105

Townhouse/Condo Market Snapshot – 17 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,345	$192,000	$104,900	$499,000	99

*DOM = Days On Market

2 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

3 listings were withdrawn from the market

25 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold August 7, 2017 To August 13, 2017

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
301 Moore Road	3	1.0	$160,000	08/07/17	4
211 Walnut Road	3	2.0	$204,500	08/10/17	101
118 Ash Road	3	1.1	$183,500	08/11/17	21
Average			$182,667		42

All 3 homes sold with a Seller Assist

– 301 Moore Road – $9,600

– 211 Walnut Road – $6,135

– 118 Ash Road – $11,000

Wallingford PA Real Estate – Wallingford, PA 19086