Wallingford PA Weekly Review

Wallingford PA Real Estate – July 19, 2021 To July 25, 2021

July 27, 2021 by admin

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

There are 32 homes listed for sale – 22 Active listings and 10 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 27, 2021 with an average asking price of $412,494.

After four consecutive months of declines, existing home sales increased in June, jumping 1.4% from May to a seasonally adjusted annual rate of 5.86 million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains.

Sales climbed 22.9% year over year, up from 4.77 million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 million units

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 32 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,494	$397,500	$119,900	$990,000	263

Single Home Market Snapshot – 18 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$511,983	$524,950	$180,000	$990,000	33

Townhouse Market Snapshot – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$350,267	$377,900	$149,900	$509,000	10

Condo Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$208,900	$208,900	$119,900	$297,900	18

Twin Home Market Snapshot – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$224,117	$249,950	$129,900	$320,000	24

7 Wallingford PA homes 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No listings were withdrawn from the market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

42 homes are Under Contract at this time

9 Wallingford PA homes sold last week

**Wallingford Homes Sold July 19, 2021 To July 25, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
314 Prichard Lane	SNG	4	3.0	$580,516	07/19/21	6
834B Putnam Blvd	CONDO	2	1.0	$140,000	07/19/21	12
1308 Putnam Blvd	TOWN	2	2.1	$300,000	07/20/21	5
510 Georgetown Road	SNG	3	2.0	$430,000	07/20/21	8
201 E Rose Valley Road	SNG	4	2.1	$545,929	07/20/21	7
912 Winding Lane	SNG	3	2.1	$592,500	07/22/21	4
800 Avondale Road #4M	CONDO	1	1.0	$150,000	07/23/21	5
655 Niblick Lane	TOWN	2	2.1	$350,000	07/23/21	20
212 Walnut Lane	SNG	2	1.0	$189,000	07/23/21	100
AVERAGE				$364,216		19

3 homes sold with a Seller Assist:

– 510 Georgetown Road – $6,513

– 201 E Rose Valley Road – $16,378

– 912 Winding Lane- $6,500

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 12, 2021 To July 18, 2021

July 20, 2021 by admin

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

There are 32 homes listed for sale – 21 Active listings and 11 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 20, 2021 with an average asking price of $387,450.

For the second quarter of 2021, median home prices of single-family homes are less affordable than historic averages in nearly two-thirds (61%) of counties in the U.S.

This is an increase of 13% year to year, and the highest point in two years, according to ATTOM Data Solutions’ 2021 U.S. Home Affordability Report. Affordability is determined by calculating the amount of income needed to meet monthly home ownership expenses, including mortgage, property taxes and insurance, on a median-priced single-family home (assuming a 20% down payment). Of 569 counties analyzed, 347 are less affordable than in the past. This comes as NAR announced that the median home price topped $350,000 for the first time in May.

The average national wage is $63,986, which means homeowners are spending 25.2% of their income on typical homeownership expenses, which is up from 22.7% last quarter and rose 3% year to year. The report noted that spending up to 28% is typically the highest point for lenders.

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Wallingford Market Snapshot – 32 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$387,450	$340,000	$119,900	$769,500	23

Single Home Market Snapshot – 17 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$486,429	$515,000	$118,000	$769,500	32

Townhouse Market Snapshot – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$350,267	$377,900	$149,900	$509,000	5

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$184,267	$135,000	$119,900	$297,900	12

Twin Home Market Snapshot – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$245,783	$249,950	$139,900	$320,000	19

5 Wallingford PA homes went under contract

7 new listings came onto the market

3 listings were withdrawn from the market

2 listings were temporarily taken off the market

No listings expired

44 homes are Under Contract at this time

9 Wallingford PA homes sold last week

**Wallingford Homes Sold July 12, 2021 To July 18, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
631 W Wiltshire Drive	TWIN	3	2.0	$325,000	07/12/21	6
319 Austin Court	SNG	2	1.0	$140,000	07/12/21	24
373 Saybrook Lane	TWIN	3	2.1	$303,000	07/15/21	5
209 Glendale Road	SNG	5	2.1	$565,000	07/15/21	4
303 Copples Lane	SNG	6	4.1	$1,050,000	07/15/21	6
11 Furness Lane	SNG	4	3.2	$700,000	07/15/21	6
601 W Wiltshire Drive	TWIN	3	2.1	$300,000	07/15/21	5
105 E Brookhaven Road	SNG	6	3.1	$775,000	07/15/21	19
601 Columbia Mills Court	TOWN	3	2.1	$445,000	07/16/21	5
AVERAGE				$512,556		9

601 W Wiltshire Drivesold with a $1,500 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 5, 2021 To July 11, 2021

July 13, 2021 by admin

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

There are 26 homes listed for sale – 18 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 6, 2021 with an average asking price of $409,104.

Widespread shortages on building materials continue to prompt home builders to raise their prices. Material prices have increased by 26% over the past year for building the same house, according to National Association of Home Builders data. That’s put pressure on new-home prices: In May, the median price of a newly built home was 18% higher than a year ago, at $374,400.

Material shortages have increased for appliances, paint, lumber, and more.

To help offset these higher prices, builders are raising their prices and pre-ordering items, according to the latest monthly survey of the NAHB/Wells Fargo Housing Market Index.

Forty-five percent of builders surveyed are also adding in price escalation clauses to protect themselves from rising prices during the process but passing those higher costs on to buyers.

Some of the highest increases in material costs have been in lumber. Some builders have even changed their building methods as a result. Some builders are switching from traditional wood framing to other materials. Seventeen percent of builders said they were considering switching to steel, 16% to structural insulated panels, 14% to insulated concrete forms, and 8% to concrete masonry.

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Wallingford Market Snapshot – 27 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$409,104	$375,000	$115,000	$939,000	22

Single Home Market Snapshot – 16 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$515,581	$529,950	$115,000	$939,000	29

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$409,450	$409,450	$309,900	$509,000	7

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$184,267	$135,000	$119,900	$297,900	8

Twin Home Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$255,960	$260,000	$199,900	$320,000	17

Row Home Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$145,000	$145,000	$145,000	$145,000	15

*DOM = Days On Market

7 Wallingford PA homes went under contract

9 new listings came onto the market

3 listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

46 homes are Under Contract at this time

2 Wallingford PA homes sold last week

**Wallingford Homes Sold July 5, 2021 To July 11, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
501 Springhaven Road	SNG	4	2.0	$540,000	07/08/21	3
712 Columbus Court	TWIN	3	2.1	$300,000	07/08/21	9
AVERAGE				$420,000		6

712 Columbus Court sold with a $3,825 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 28, 2021 To July 4, 2021

July 6, 2021 by admin

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

There are 23 homes listed for sale – 15 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 6, 2021 with an average asking price of $403,774.

As home listing prices break another new record, more homeowners are looking to take advantage and list their homes for sale. New listings in June rose 5.5% year-over-year and are up 10.9% over the prior month, according to a new report from realtor.com®.

The uptick in new listings may give buyers more homes to choose from and could offer a hopeful sign for the real estate market.

Still, the inventory challenges in the housing market are far from over: The number of homes for sale still remains 43% lower than last year.

In Wallingford the number of listings are down 49% from this time last year.

“Although there’s still a significant shortage of homes for sale and home prices just hit a new high, our June data report shows good news on the horizon for buyers,” says George Ratiu, senior economist at realtor.com®. “Inventory declines improved over the steep drops seen earlier in the pandemic as sellers stepped back into the market in a variety of price ranges across the country. The improvement we saw in new listings growth from May to June shows sellers are entering the market historically later in the season, which could mean we’ll see home buying continue into the fall as buyers jump at new opportunities.”

If the progress in new listings continues, Ratiu adds that the housing market could return to a more normal pace of activity by the second half of 2021.

That could help cool off some of the recent highs in home prices. The median U.S. listing price increased 12.7% over last year to $385,000, which marks the fifth consecutive month for price records, realtor.com® reports. However, the year-over-year price growth is starting to show signs of moderating, down from 15.2% in May.

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Wallingford Market Snapshot – 23 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$403,774	$375,000	$135,000	$769,500	30

Single Home Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$510,657	$525,500	$289,900	$769,500	38

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$279,900	$219,900	$309,900	$309,900	6

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$190,967	$140,000	$135,000	$297,900	5

Twin Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$290,000	$290,000	$260,000	$320,000	31

Row Home Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$145,000	$145,000	$145,000	$145,000	13

*DOM = Days On Market

4 Wallingford PA homes went under contract

3 new listings came onto the market

No listing were withdrawn from the market

1 listing was temporarily taken off the market

1 listing expired

45 homes are Under Contract at this time

11 Wallingford PA homes sold last week

**Wallingford Homes Sold June 28, 2021 To July 4, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
718 Bechwood Road	SNG	4	2.1	$450,000	06/28/21	7
109 Stratford Lane	SNG	4	2.2	$765,000	06/28/21	20
415 Sheffield Lane	TWIN	5	3.1	$715,000	06/28/21	4
1 Dale Lane	SNG	4	2.1	$799,000	06/28/21	6
1052 Putnam Blvd	TOWN	2	2.1	$228,000	06/29/21	0
420 E Country Club Lane	SNG	3	1.1	$525,000	06/30/21	5
710 Forrest Avenue	TWIN	3	2.1	$370,000	06/30/21	7
738 Hemlock Road	SNG	4	2.1	$600,000	06/30/21	9
207 Highland Avenue	SNG	5	3.1	$770,000	06/30/21	6
618 Creekside Road	SNG	4	2.1	$395,500	06/30/21	7
410 N Providence Road	SNG	7	6.0	$990,000	07/01/21	28
AVERAGE				$600,682		9

2 homes sold with a Seller Assist:

– 1052 Putnam Blvd – $6,840

– 207 Highland Avenue – $15,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 21, 2021 To June 27, 2021

June 29, 2021 by admin

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

There are 22 homes listed for sale – 14 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 29, 2021 with an average asking price of $433,950.

The rate of home price growth has started to slow, and the competition for homes may be showing some signs of easing somewhat.

“The market’s topping out,” Mark Zandi, chief economist at Moody’s Analytics, told realtor.com®. It’s “starting to show cracks. It feels like we’ve hit the apex, and we’re moving to the other side of it.”

But that doesn’t mean the housing market is heading for a bubble that is bound to burst. Mortgage lending has remained tight. Real estate economists have long said the current frenzy in the housing market is no housing bubble that is reminiscent of nearly a decade ago with the run-up in real estate.

Median home asking prices are more than 12% higher than they were a year ago. That is less than the 17.2% annual jump in prices in more recent months, realtor.com® reports.

Some buyers are getting priced out of the market. There is also a severe shortage of homes for sale: Total housing inventory is down 42% year over year, as of last week, according to realtor.com® data. Home sales have fallen from inventory challenges, too. Existing-home sales dropped 0.9% in May month over month, the fourth consecutive month of declines, the National Association of REALTORS® reported last week.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 22 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$433,950	$425,000	$145,000	$769,500	27

Single Home Market Snapshot – 15 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$502,280	$525,000	$289,900	$769,500	31

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,900	$309,900	$309,900	$309,900	6

Condo Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$297,900	$297,900	$297,900	$297,900	44

Twin Home Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$316,667	$320,000	$260,000	$370,000	26

Row Home Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$145,000	$145,000	$145,000	$145,000	6

*DOM = Days On Market

5 Wallingford PA homes went under contract

6 new listings came onto the market

1 listing was withdrawn from the market

No listings were temporarily taken off the market

No listings expired

49 homes are Under Contract at this time

7 Wallingford PA homes sold last week

**Wallingford Homes Sold June 21, 2021 To June 27, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
407 E Country Club Lane	SNG	3	1.1	$472,000	06/21/21	5
203 S Providence Road	SNG	3	2.0	$375,000	06/21/21	18
214 Emerald Lane	TWIN	3	1.1	$289,900	06/22/21	11
730A Putnam Blvd	CONDO	2	1.0	$170,000	06/23/21	7
300 Melanies Way	SNG	4	4.1	$735,000	06/23/21	8
1324 Putnam Blvd	TOWN	2	2.1	$262,500	06/24/21	6
993 Putnam Blvd	TOWN	2	2.1	$240,000	06/25/21	4
AVERAGE				$453,400		7

203 S Providence Road sold with a $3,000 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus