Clark Kendus – Page 2

Wallingford PA Real Estate – March 18, 2024 To March 24, 2024

March 26, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 9 homes listed for sale – 8 Active listings and 1 Active Under Contract listing – in Wallingford PA and Nether Providence Township on March 26, 2024 with an average asking price of $561,255.

Inflation and home prices: two large barriers for Americans in living their dream lives. While they both are very present issues, one has had a much stronger impact due to its drastic growth rate. Home prices have risen 2.4x faster than inflation since the 1960s, according to a new analysis from Clever Real Estate.

The report found that if home prices had matched pace with inflation, the median home would cost only $177,500 today – compared to the $431,000 it actually costs.

Key highlights from the study:

The median home price increased 63% from 2013 to 2023, while overall inflation rose 31%.
Home prices today are 24x higher than they were in 1963, while inflation is only 10x higher.
Despite home prices having historically risen faster than inflation, inflation actually outpaced home prices in 2023.
Millennials pay nearly twice as much as baby boomers did for homes in 1985. Today, the typical home cost is equivalent to about 6.3 years’ worth of median household income, compared to 3.5 years in the mid-1980s.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 9 Listings
*8 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$561,255	$649,000	$278,500	$795,000	70

Single Home Market Snapshot – 7 Listings
*6 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$631,828	$649,900	$299,999	$795,000	86

Condo Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$314,250	$314,250	$278,500	$350,000	14

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No listings were withdrawn from the market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

17 homes are Under Contract at this time

No Wallingford PA homes sold last week

**Wallingford Homes Sold March 18, 2024 To March 24, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –
AVERAGE

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – March 11, 2024 To March 17, 2024

March 19, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 9 homes listed for sale – 8 Active listings and 1 Active Under Contract listing – in Wallingford PA and Nether Providence Township on March 19, 2024 with an average asking price of $525,122.

As home prices continue to see positive movement, despite some slows throughout 2023, home equity continues to grow for homeowners across the country.

CoreLogic’s homeowner equity report for Q4 2023 found that homeowners with mortgages (which account for roughly 62% of all properties) saw a home equity increase of 8.6% year-over-year.

This increase represents a collective gain of $1.3 trillion and an average increase of slightly more than $24,000 per borrower since Q4 2022. As the report states, this brought total net homeowner equity to more than $16.6 billion at the end of 2023.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 9 Listings
*8 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$525,122	$629,000	$278,500	$845,000	67

Single Home Market Snapshot – 7 Listings
*6 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$592,258	$649,000	$299,999	$845,000	83

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$278,500	$278,500	$278,500	$278,500	12

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$299,900	$299,900	$299,900	$299,900	12

No Wallingford PA homes went under contract

No new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

14 homes are Under Contract at this time

4 Wallingford PA homes sold last week

**Wallingford Homes Sold March 11, 2024 To March 17, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
430 Vernon Street	TOWN	3	1.0	$252,000	03/11/24	47
800 Avondale Road #2N	CONDO	1	1.0	$168,000	03/13/24	5
303 Highland Avenue	SNG	3	2.0	$605,000	03/15/24	5
701 Hemlock Road	SNG	4	3.0	$800,000	03/15/24	59
AVERAGE				$456,250		29

430 Vernon Street sold with a $6,300 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 26, 2024 To March 10, 2024

March 12, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 9 homes listed for sale – 7 Active listings and 2 Active Under Contract listings – in Wallingford PA and Nether Providence Township on March 12, 2024 with an average asking price of $601,800.

January saw the highest rate of appreciation expected for 2024, as year-over-year single-family home price gains reached 5.8%, according to the CoreLogic Home Price Index (HPI) and HPI Forecast™ for January 2024.

While year-over-year price gains reached their height in January, growth is expected to slow to 2.6% by early 2025.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 9 Listings
*7 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$601,800	$649,000	$278,500	$990,000	61

Single Home Market Snapshot – 8 Listings
*6 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$642,212	$649,450	$299,999	$990,000	68

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$278,500	$278,500	$278,500	$278,500	5

10 Wallingford PA home went under contract

5 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

2 listings expired

18 homes are Under Contract at this time

7 Wallingford PA homes sold

**Wallingford Homes Sold February 26, 2024 To March 10, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
443 Saybrook Lane	TOWN	2	2.1	$309,000	02/28/24	5
117 Beech Road	SNG	3	2.1	$500,000	02/28/24	17
204 Canterbury Drive	SNG	4	2.1	$530,000	02/28/24	6
207 Cricket Lane	SNG	4	2.1	$450,000	02/29/24	22
105 Ronaldson Street	TWIN	3	1.0	$315,000	02/29/24	59
6303 W Rose Valley Road	SNG	4	2.1	$675,000	03/01/24	57
1004 Putnam Blvd	TOWN	2	2.1	$301,000	03/0624	5
AVERAGE				$555,450		63

3 homes sold with a Seller Assist

– 204 Canterbury Drive – $20,000

– 207 Cricket Lane – $2,000

– 105 Ronaldson Street – $1,500

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 2024

March 2, 2024 by admin

Daffodils In A February Snow

February recorded a total of 12 homes sold vs 9 homes last year. The average selling price decreased 4.0% year over year to $461,242.

Seven single family homes sold for an average price of $529,414 during the month and averaged 34 Days On the Market. Last February recorded 6 single home sales selling for an average price of $602,333 and spent an average of 34 Days On the Market.

4 Purdy Lane had the highest selling price of the month at $745,000.

Nine listings went under contract during the month – 5 single family homes, 2 townhouses, 1 twin, and 1 condo – with an average asking price of $541,700 and an average of 13 Days On the Market.

Upcoming settlements – 6 in March, 3 in April, and 1 in November.

Sales year to date falls short by 1 home vs last year with with 17 closed transactions for the first 2 months of 2024 compared to 18 last year. The average selling price of $433,648 is a 1.1% increase compared to last year.

**Wallingford PA Closed Transactions February 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #5L	CONDO	3	2.0	$280,000	02/02/24	5
509 Manchester Avenue	TWIN	4	1.0	$390,000	02/08/24	58
119 Maple Road	SNG	3	1.0	$370,000	02/12/24	2
118 Dundee Mills Lane	TOWN	3	2.1	$535,000	02/12/24	95
4 Purdy Lane	SNG	6	4.0	$745,000	02/16/24	72
3 Green Valley Road	SNG	3	2.0	$625,000	02/23/24	4
610 W Brookhaven Road	SNG	4	2.1	$485,900	02/23/24	122
117 Beech Road	SNG	3	2.1	$500,000	02/28/24	7
204 Canterbury Drive	SNG	4	2.1	$530,000	02/28/24	6
443 Saybrook Lane	TOWN	2	2.1	$309,000	02/28/24	5
207 Cricket Lane	SNG	4	2.1	$450,000	02/29/24	22
105 Ronaldson Street	TWIN	2	1.0	$315,000	02/29/24	59
AVERAGE				$461,242		38

* DOM = Days On Market

5 of 12 transactions had a Seller Assist:

– 4 Purdy Lane – $5,000

– 610 W Brookhaven Road – $14,577

– 204 Canterbury Drive – $20,000

– 207 Cricket Lane – $2,000

– 105 Ronaldson Street – $1,500

Financing Methods

– Conventional Mortgage – 9 transactions

– Cash – 3 transactions

**WALLINGFORD SINGLE HOMES – FEBRUARY 2024 – 7 SALES**
Avg Price	Median Price	Low	High	DOM*
$529,414	$500,000	$370,000	$745,000	34

**WALLINGFORD TWINS – FEBRUARY 2024 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$352,500	$352,500	$315,000	$390000	59

**WALLINGFORD TOWNHOUSES – FEBRUARY 2024 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$422,000	$422,000	$309,000	$535,000	50

**WALLINGFORD CONDOS – FEBRUARY 2024 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$280,000	$280,000	$280,000	$280,000	5

**WALLINGFORD – FEBRUARY 2023 VS FEBRUARY 2024**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2023	9	$480,444	31	97.6%	100.00%
2024	12	$461,242	38	98.8%	100.04%
	33.3%	-4.0%	22.6%	1.2%	0.04%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 11, 2024 To February 18, 2024

February 20, 2024 by admin

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

There are 12 homes listed for sale – 7 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 20, 2024 with an average asking price of $625,988.

The latest Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) from the National Association of Home Builders finds that home affordability remains at a near record low as of Q4 2023.

The report attributes this to elevated mortgage rates, high construction costs as well as excessive regulatory costs.

37.7% of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $96,300. This is nearly identical to the 37.4% posted in the third quarter of last year, which was the lowest reading since NAHB began tracking affordability in 2012.

The national median home price was $375,000 in Q4 2023, down from $388,000 in the third quarter. Meanwhile, average mortgage rates increased more than 30 basis points from 7.13% in the third quarter up to 7.44% in the fourth quarter—the highest rate in the HOI series history.

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Wallingford Market Snapshot – 12 Listings
*7 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$625,988	$597,000	$261,960	$1,450,000	45

Single Home Market Snapshot – 9 Listings
*6 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$738,878	$652,000	$320,000	$1,450,000	53

Twin Home Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$325,000	$325,000	$325,000	$325,000	9

Townhouse Market Snapshot – 2 Listings
*No Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$268,480	$268,480	$261,960	$275,000	26

5 Wallingford PA home went under contract

5 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

17 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold February 11, 2024 To February 18, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
119 Maple Road	SNG	3	1.0	$370,000	02/12/24	2
118 Dundee Mills Lane	TOWN	3	2.1	$535,000	02/12/24	95
4 Purdy Lane	SNG	6	4.0	$745,000	02/16/24	72
AVERAGE				$550,000		56

4 Purdy Lane sold with a $5,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus