Wallingford Weekly Update 2019

Wallingford PA Real Estate – October 14, 2019 To October 20, 2019

October 22, 2019 by admin

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

There are 46 homes listed for sale in Wallingford PA and Nether Providence Township on October 22, 2019 with an average asking price of $435,813.

A total of 143,105 properties nationwide received a foreclosure filing—default notice, scheduled auction, or bank repossession—in the third quarter of this year, the lowest level since the second quarter of 2005, ATTOM Data Solutions reports in its latest Foreclosure Market Report. U.S. foreclosure activity is now 49% below the pre recession average of 278,912 between the first quarter of 2006 and the third quarter of 2007, ATTOM Data reports.

There have been 4 reported Bank Owned Foreclosure sales in Wallingford during the first 3 quarters of this year.

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Wallingford Market Snapshot – 46 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$435,813	$419,900	$109,900	$939,000	70

Single Home Market Snapshot – 38 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$477,811	$449,450	$224,900	$939,000	70

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,300	$350,000	$275,900	$485,000	104

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$121,567	$124,900	$109,900	$129,900	59

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$207,500	$207,500	$207,500	$299,999	40

*DOM = Days On Market

9 Wallingford PA homes went under contract

6 new listings came onto the market

1 listing was withdrawn from the market

2 listings expired

29 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold October 14, 2019 To October 20, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
989 Putnam Blvd	TOWN	2	2.1	$204,500	10/14/19	5
817 Beech Road	TWIN	3	1.1	$210,000	10/15/19	36
420 Washington Ave	TWIN	3	2.1	$285,000	10/18/19	6
700 Avondale Road #4D	CONDO	2	2.0	$126,500	10/18/19	43
AVERAGE				$206,500		23

420 Washington Avenue sold with a $14,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – October 7, 2019 To October 13, 2019

October 15, 2019 by admin

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

There are 43 homes listed for sale in Wallingford PA and Nether Providence Township on October 15, 2019 with an average asking price of $438,314.

Neighborhoods located within a half-mile of public transit services outperformed those farther from public transit based on a number of factors, according to a report released Monday by the National Association of REALTORS® and the American Public Transportation Association.

The report shows commercial and residential real estate market sales thrive when residents have mobility options. Residential properties within these areas had 4% to 24% higher median sale prices between 2012 and 2016, the report found. Commercial values in four of the regions saw median sales prices per square foot increase between 5% and 42%. Transit-oriented areas also provide costs savings for residents: The report showed an average annual savings of $2,500 to $4,400 in transportation costs for the typical household. One in four households in close proximity to transit doesn’t own a vehicle, according to the study.

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Wallingford Market Snapshot – 43 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$438,314	$419,900	$115,000	$939,000	76

Single Home Market Snapshot – 35 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$488,211	$459,900	$229,900	$939,000	77

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,967	$350,000	$277,900	$485,000	97

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$133,050	$132,400	$119,900	$147,500	47

Twin Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$115,000	$115,000	$115,000	$115,000	65

*DOM = Days On Market

2 Wallingford PA homes went under contract

4 new listings came onto the market

2 listings were withdrawn from the market

No listings expired

25 homes are Under Contract at this time

No Wallingford PA homes sold last week

Wallingford Homes Sold October 7, 2019 To October 13, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –
AVERAGE

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 30, 2019 To October 6, 2019

October 8, 2019 by admin

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

There are 45 homes listed for sale in Wallingford PA and Nether Providence Township on October 8, 2019 with an average asking price of $452,971.

In the last month, mortgage rates have fallen to their lowest monthly averages in more than three years, and economists predict they’ll stay there well into 2020 – and even possibly lower. Last week, the 30-year fixed-rate mortgage averaged 3.65%, down 1.06 percentage points from a year ago, Freddie Mac reports.

Next year, according to Fannie Mae, rates could drop as low as 3.4%

As mortgage rates drop, forecasters also expect home price growth to moderate. Fannie Mae, Freddie Mac, and the MBA all predict home price growth to slow to 2.2% appreciation by 2021. Home sales are expected to remain elevated. The National Association of REALTORS® is forecasting existing-home sales to rise 0.6% in 2019 and by another 3.4% in 2020.

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Wallingford Market Snapshot – 45 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$452,971	$449,000	$115,000	$939,000	82

Single Home Market Snapshot – 37 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$501,519	$475,000	$230,000	$939,000	86

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,967	$350,000	$277,900	$485,000	90

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,233	$129,900	$119,900	$134,900	53

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$164,950	$164,950	$115,000	$214,900	44

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

1 listing was withdrawn from the market

No listings expired

22 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold September 30, 2019 To October 6, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
205 Willow Road	SNG	4	2.1	$265,000	09/30/19	73
124 Locust Lane	SNG	3	2.0	$365,000	09/30/19	148
206 Sackville Mills Lane	TOWN	3	2.0	$320,000	09/30/19	161
800 Avondale Road #2A	CONDO	1	1.0	$104,000	10/01/19	121
215 Canterbury Drive	SNG	3	1.1	$340,000	10/02/19	27
1000 Putnam Blvd #306	CONDO	1	1.0	$140,500	10/04/19	111
AVERAGE				$252,750		107

3 homes sold with a Seller Assist:

– 205 Willow Road – $3,000

– 215 Canterbury Drive – $2,000

– 1000 Putnam Blvd #306 – $4,215

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 23, 2019 To September 29, 2019

October 1, 2019 by admin

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

There are 44 homes listed for sale in Wallingford PA and Nether Providence Township on October 1, 2019 with an average asking price of $445,357.

Retiring baby boomers are finding that downsizing is not always the answer. Empty nesters transitioning from their longtime houses are finding they still need plenty of space, The Washington Post reports.

“Older home buyers today are ‘smart-sizing’ rather than just downsizing,” Mollie Carmichael, a principal with the housing research firm Meyers Research, told The Washington Post. “Affordability is a big priority before and during retirement, so people think they need to downsize for financial security, but that’s not always true.”

Carmichael says her organization’s research has shown that 30% of people who have moved to age-restricted communities end up moving to a larger place within the community after they’ve lived there for a while. The average home size in active-adult communities—which are geared for ages 55 and older—is 1,500 to 1,800 square feet. “They just want a little extra space and yet want to stay in the neighborhood,” Carmichael says.

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Wallingford Market Snapshot – 44 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$455,357	$459,450	$115,000	$939,000	81

Single Home Market Snapshot – 35 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$524,380	$499,000	$230,000	$939,000	88

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$280,933	$277,900	$214,900	$350,000	84

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$127,425	$127,450	$119,900	$134,900	38

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$164,950	$164,950	$115,000	$214,900	44

*DOM = Days On Market

5 Wallingford PA homes went under contract

3 new listings came onto the market

No listings were withdrawn from the market

No listings expired

24 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold September 23, 2019 To September 29, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
25 Willow Road	SNG	3	2.1	$290,000	09/25/19	20
809 S Providence Road	SNG	3	2.1	$315,000	09/26/19	19
315 Copples Lane	SNG	4	2.1	$320,000	09/27/19	4
633 E Wiltshire Drive	TWIN	3	2.1	$250,000	09/27/19	7
2 Lindenshade Lane	SNG	6	4.1	$715,000	09/27/19	53
916 Winding Lane	SNG	4	3.2	$565,000	09/27/19	150
AVERAGE				$409,167		42

4 homes sold with a Seller Assist:

– 809 S Providence Road – $1,700

– 633 E Wiltshire Road – $7,500

– 2 Lindenshade Lane – $9,150

– 916 Winding Lane – $30,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 16, 2019 To September 22, 2019

September 24, 2019 by admin

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

There are 46 homes listed for sale in Wallingford PA and Nether Providence Township on September 24, 2019 with an average asking price of $448,577.

Homeowners with a mortgage have seen their equity rise by 4.8% year over year. The average homeowner has gained $4,900 in home equity between the second quarter of 2018 and the second quarter of this year, according to CoreLogic’s Home Equity Report.

The states with the largest annual gains in equity during the second quarter include Idaho, where homeowners saw a gain of $22,100, on average, followed by Wyoming at $20,400, and Nevada at $16,800, CoreLogic’s report shows.

Overall, the western part of the U.S. is seeing some of the strongest equity gains, adds Frank Martell, president and CEO of CoreLogic.

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Wallingford Market Snapshot – 47 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$448,577	$449,000	$115,000	$949,000	79

Single Home Market Snapshot – 38 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$510,492	$483,750	$230,000	$949,000	86

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$281,600	$279,900	$214,900	$350,000	79

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$126,425	$134,900	$119,900	$134,900	33

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$164,950	$164,950	$115,000	$214,900	40

*DOM = Days On Market

2 Wallingford PA homes went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings expired

33 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold September 16, 2019 To September 22, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
614 W Wiltshire Drive	TWIN	3	2.1	$222,000	09/16/19	3
AVERAGE				$222,000		3

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus