WALLINGFORD PA REAL ESTATE – APRIL 2012

April 2012 Wallingford PA sales were on even footing with April 2011 with 14 homes sold. The average selling price was slightly under  last year’s average by -2.8%, coming in at $241,250.  The time it took to go under contract saw a big increase of over 100%, from 118 days last April to 238 days this April.

There were 14 Wallingford PA homes sold in April 2012.

WALLINGFORD PA HOMES SOLD – APRIL 2012

Address	Bed	Bath	Price	Settled
111 Westminster Drive	3	1.5	$205,000	04/02/2012
608 East Wiltshire Drive	3	2.5	$113,500	04/05/2012
1059 Putnam Blvd	2	2.5	$153,500	04/10/2012
307 Highland Avenue	3	2.5	$238,000	04/18/2012
6 Brookside Road	3	2.0	$360,000	04/19/2012
503 Georgetown Road	4	2.2	$295,000	04/20/2012
706 Concord Court	3	1.0	$42,000	04/20/2012
316 Crestview Circle	4	2.5	$315,000	04/20/2012
10 Irving Road	4	2.0	$235,000	04/23/2012
800 Avondale Road – 6J	3	2.0	$138,000	04/23/2012
323 North Providence Road	3	1.5	$160,000	04/23/2012
807 Springlawn Drive	4	2.2	$527,500	04/26/2012
1302 Putnam Blvd	3	2.5	$210,000	04/26/2012
117 Meadow Lane	4	3.0	$385,000	04/27/2012

 

These 14 Wallingford PA homes  sold at an average price representing 86.30% of the original asking price, and 94.02% of the last asking price.

 

Days On Market

– 111 Westminster Drive – 9 days

– 608 East Wiltshire Drive – 12 days

– 1059 Putnam Blvd – 485 days

– 307 Highland Avenue – 354 days

– 6 Brookside Drive – 256 days

– 503 Georgetown Road – 117 days

– 706 Concord Court – 109 days

– 316 Crestview Circle – 314 days

– 10 Irving Road – 493 days

– 800 Avondale Road – 6J – 205 days

– 323 North Providence Road – 422 days

– 807 Springlawn Drive – 121 days

– 1302 Putnam Blvd – 324 days

– 117 Meadow Lane – 45 days

 

Financing Methods

– Conventional Mortgage -10 transactions

– Cash – 3 transactions

– FHA Mortgage – 1 transaction

 

There was a Seller Assist associated with 5 of the 14 Wallingford PA homes sold in April 2012

– 608 East Wiltshire Drive – $3,405

– 307 Highland Avenue- $500

– 315 Crestview Circle – $11,000

– 800 Avondale Road – 6J – $500

 

608 East Wiltshire was reported as a foreclosure sale.

 

Wallingford April 2012 Activity vs April 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	14	$248,296	118	89.46%	93.67%
2012	14	$241,250	238	86.30%	94.02%
	0.0%	-2.8%	101.6%	-3.16%	0.35%

 

During May 13 settlements are scheduled, 3 homes are slated to settle in June, and 1 is scheduled for both July and August.

 

SWARTHMORE REAL ESTATE – APRIL 2012 

 9 Swarthmore homes sold during the month of April 2012.

SWARTHMORE HOMES SOLD – APRIL 2012 

Address	Bed	Bath	Price	Settled
526 School Lane	4	2.5	$283,000	04/02/2012
801 Yale Avenue – Unit 1216	1	1.0	$68,620	04/12/2012
801 Yale Avenue – Unit 1006	1	1.0	$72,000	04/18/2012
511 Walnut Lane	7	3.5	$526,000	04/20/2012
617 Strath Haven Avenue	4	3.2	$510,000	04/20/2012
1026 Harvard Avenue	3	1.5	$240,000	04/23/2012
6 Swarthmore Place	3	2.0	$360,000	04/30/2012
401 Vassar Avenue	3	2.5	$495,000	04/30/2012
910 Mount Holyoke Place	4	2.5	$580,000	04/30/2012

 

April 2012 Swarthmore home sales increased by 5 units over April 2011. Nine Swarthmore homes sold for an average price of $349,291, an increase in the average price of $89,641 – 34.7% higher than last year, and were on the market an average of 59 days – a dramatic drop from April 2011. Selling prices represented 93.04% of original asking price.

 

Days On Market

– 526 School Lane – 136 days

– 801 Yale Avenue – Unit 1216 – 19 days

– 801 Yale Avenue – Unit 1006 – 188 days

– 511 Walnut Lane – 2 days

– 617 Strath Haven Avenue – 5 days

– 1026 Harvard Avenue – 51 days

– 6 Swarthmore Place – 22 days

– 501 Vassar Avenue – 88 days

– 910 Mount Holyoke – 17 days

 

Financing Methods

– Conventional Mortgage – 8 transactions

– Cash – 1 transaction

 

No distressed sales – Short Sales or Bank Owned Foreclosures were reported.

 

Swarthmore April 2012 Activity vs April 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	4	$258,650	250	77.32%	88.27%
2012	9	$348,291	59	93.04%	95.98%
	125.0%	34.7%	-323.7%	15.72%	7.71%

WALLINGFORD PA REAL ESTATE – DECEMBER 2011

We end the year on a positive note with December sales posting a doubling of same month of the previous year, with 10 Wallingford PA homes sold in December 2011 as opposed to 5 sales in December 2010. However the average sales price took a sharp 16.8% decline.

There were 10 Wallingford PA homes sold in December 2011.

WALLINGFORD PA HOMES SOLD – DECEMBER 2011

Address	Bed	Bath	Price	Settled
401 Trenton Court	2	1.0	$38,000	12/08/2011
612 Morris Lane	4	2.5	$263,500	12/09/2011
606 Morris Lane	3	2.5	$290,000	12/09/2011
742 Windsor Place	5	3.5	$347,500	12/12/2011
404 Christian Lane	4	2.5	$303,450	12/15/2011
100 Brent Drive	4	3.5	$370,000	12/15/2011
103 Garnet Lane	4	2.5	$245,000	12/16/2011
7 Strathmore Court	4	3.5	$715,000	12/20/2011
130 Dundee Mills Lane	3	3.5	$358,000	12/21/2011
402 Sheffield Drive	4	2.2	$359,000	12/21/2011

 

These 10 Wallingford PA homes were on the market an average of 185 days, with the average sold price representing 87.94% of the original asking price, and 94.99% of the last asking price.

For the short and long of it, Christian Lane was on the market for 24 days, while 7 Strathmore Court  was on the market 470 days.

Financing Methods

• Conventional – 8
• Cash – 1
• FHA – 1

A Seller Assist was utilized in 4 of the 10 Wallingford PA homes sold.

• 612 Morris Lane – $15,810
• 742 Windsor Place – $10,000
• 2 Strathmore Court  $5,000
• 402 Sheffield Drive – $1,000

 

Wallingford December 2011 Activity vs December 2010

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	5	$389,600	231	84.12%	95.84%
2011	10	$324,035	185	87.94%	94.99%
	100.0%	-16.8%	-19.9%	3.82%	-0.85%

 

Looking forward to January there are 5 settlements scheduled for the month.

 

SWARTHMORE REAL ESTATE – DECEMBER 2011 

2 Swarthmore homes sold during the month of December 2011.

SWARTHMORE HOMES SOLD – DECEMBER 2011

Address	Bed	Bath	Price	Settled
301 Dartmouth Avenue	3	1.5	$270,000	12/06/2011
550 Walnut Lane	6	2.5	$193,000	12/09/2011

 

These 2 Swarthmore homes sold for an average price of $231,500, and were on the market an average of 107 days, fetching 80.5% of original asking price, and 93.27% of last asking price.

301 Dartmouth Avenue was on the market 109 days, and 550 Walnut Lane was on the market 105 days.

550 Walnut Lane was a Bank Owned Property.

 

Swarthmore December 2011 Activity vs December 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	1	$134,500	275	84.12%	92.76%
2011	2	$231,500	107	80.50%	93.27%
	100.0%	72.1%	-61.1%	-3.62%	0.51%

WALLINGFORD REAL ESTATE NOVEMBER 2011

November marks another month that that sales increased over the same month of the previous year, with 17 Wallingford homes sold in November 2011 as opposed to 11 sales in November 2010.

There were 17 Wallingford homes sold in November 2011.

WALLINGFORD HOMES SOLD – NOVEMBER 2011

Address	Bed	Bath	Price	Settled
708 Washington Avenue	3	1.5	$110,000	11/08/2011
205 Fox Lane	4	2.5	$425,000	11/10/2011
105 Wisteria Lane	4	4.5	$700,000	11/14/2011
103 Sharlow Drive	4	1.5	$217,000	11/14/2011
904 Twyckenham Road	4	3.5	$510,000	11/14/2011
711 Hemlock Road	5	3.5	$475,750	11/16/2011
702 Pine Ridge Road	3	2.5	$367,000	11/17/2011
103 Michaels Lane	3	1.5	$198,000	11/21/2011
112 Beech Road	3	2.0	$217,000	11/21/2011
418 East Country Club Lane	3	2.0	$250,000	11/21/2011
203 Knoll Road	4	2.5	$350,000	11/23/2011
812 Ridge Lane	3	2.5	$384,000	11/25/2011
700 Avondale Road – 7G	2	2.0	$110,000	11/28/2011
736 Hemlock Road	3	1.5	$333,000	11/29/2011
714 Pine Ridge Road	5	3.0	$439,500	11/29/2011
1070 Putnam Blvd	3	2.2	$200,000	11/30/2011
406 Turner Road	3	2.5	$260,000	11/30/2011

These 17 Wallingford homes were on the market an average of 119 days, with the average sold price representing 89.15% of the original asking price, a figure that indicates initial over pricing, and 95.08% of the last asking price.

For the short and long of it, 1070 Putnam Blvd was on the market for 1 day, while 205 Fox Lane was on the market 323 days.

Financing Methods

• Conventional – 9
• Cash – 5
• FHA – 1
• Seller – 1
• Other – 1

A Seller Assist was utilized in 8 of the 17 Wallingford homes sold.

• 708 Washington Avenue – $1,800
• 105 Wisteria Lane – $7,000
• 103 Sharlow Drive  – $8,680
• 702 Pine Ridge Road – $3,000
• 203 Knoll Road – $1,500
• 736 Hemlock Road – $400
• 714 Pine Ridge Road – $1,800 
• 406 Turner Road – $9,900

Wallingford November 2011 Activity vs November 2010

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	11	$240,105	144	90.5%	96.08%
2011	17	$326,250	119	89.15%	95.08%
	54.5%	35.9%	-17.4%	-1.35%	-1.00%

 Looking forward to December there are 11 settlements scheduled for the month.

 

SWARTHMORE REAL ESTATE – NOVEMBER 2011

 

 

3 Swarthmore homes sold during the month of November 2011.

SWARTHMORE HOMES SOLD – NOVEMBER 2011

Address	Bed	Bath	Price	Settled
620 Magill Road	3	3.0	$275,000	11/04/2011
303 Chestnut Avenue	3	2.0	$429,900	11/16/2011
570 Marietta Avenue	3	4.5	$297,000	11/23/2011

These 3 Swarthmore homes sold for an average price of $333,967, and were on the market an average of 77 days, fetching 95.03% of original asking price, and 97.13% of last asking price.

For the short and long, 303 Chestnut Avenue was on the market 5 days, and 570 Marietta Avenue was on the market 174 days.

All 3 transactions utilized conventional financing.

Looking ahead to projected activity for December, there are 3 settlements scheduled.

Swarthmore November 2011 Activity vs November 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	2	$560,688	122	82.99%	92.62%
2011	3	$333,967	77	95.03%	97.13%
	50.0%	-40.4%	-36.9%	12.04%	4.51%