Lower Crum Reservoir
Wallingford Real Estate
There were 8 Wallingford homes sold during the month of March 2011
Wallingford Homes Sold – March 2011
Address Bed Bath Price Settled
| 430 Washington Avenue | 4 | 2.0 | $97,000 | 03/03/11 |
| 111 Harvey Road | 3 | 1.1 | $100,000 | 03/07/11 |
| 784 Pennsylvania Ave | 4 | 1.1 | $220,000 | 03/15/11 |
| 904 Truepenny Road | 3 | 1.1 | $285,000 | 03/18/11 |
| 524 Vernon Street | 3 | 1.1 | $133,000 | 03/21/11 |
| 6 Laurie Lane | 7 | 4.1 | $470,000 | 03/25/11 |
| 710 Hemlock Road | 5 | 2.1 | $324,900 | 03/25/11 |
| 800 Avondale Road – 2A | 1 | 1.0 | $106,000 | 03/30/11 |
These listings were on the market for an average of 226 days. The quickest sale was achieved in 27 days, the longest time to contract was 480 days. Two homes sold were Foreclosures – 6 Laurie Lane and 524 Vernon Street.
Conventional mortgage financng was used in 4 of the transactions, 1 was FHA financing, and 3 homes settled with cash. Two homes had a sellers assist averaging $6,500.
There are 12 homes which have a settlement date scheduled in April.
March 2010 Activity vs March 2011
| UNITS | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2010 | 14 | $299,550 | 164 | 92.41% | 94.39% |
| 2011 | 8 | $216,988 | 226 | 82.26% | 91.27% |
| -43.0% | -28.0% | 38.0% | -10.15% | -3.12% |
The end of March also ends the 1st quarter of 2011 – How did the quarter stack up against last year?
1st Quarter 2010 vs 1st Quarter 2011
| UNITS | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2010 | 32 | $299,677 | 196 | 94.91% | 96.97% |
| 2011 | 18 | $287,006 | 172 | 90.8% | 95.67% |
| -44.0% | -4.2% | -12.2% | -4.11% | -1.3% |
Sales are off significantly and prices have continued to dip in comparison to last year. Settled prices in comparison to the original and last last price are indications that buyers are driving prices down further.
Swarthmore Real Estate – March 2011
There were 2 Swartmore homes sold during the month of March.
Address Bed Bath Price Settled
| 609 Elm Avenue | 4 | 2.1 | $430,000 | 03/11/11 |
| 311 Rutgers Avenue | 3 | 1.1 | $255,000 | 03/24/11 |
There are 3 Swarthmore homes scheduled to settle in April.
