Wallingford Real Estate

Fourteen Strath Haven Middle School students designed and built the above Haven mascot themed sculpture near the school entrance over the summer break. The 5 foot high concrete sculpture incorporates the Panther mascot and the word HAVEN in it’s design.

September marks the third month in a row that that sales increased over the same month of the previous year, with 15 Wallingford homes sold in September 2011 as opposed to 7 sales in September 2010. Fifteen sales was the second highest total for September recorded in the past five years, eclipsed only in August 2009 when there were 19 sales. This upswing in homes sold maintains the trend begun earlier in the summer.

Wallingford September Sales – Last 5 Years

2007 – 10 sales

2008 – 12 sales

2009 – 19 sales

2010 – 7 sales

2011 – 15 sales

The average Days on Market was 100 days.

Average sales price continues to fall relative to last year, slipping 4% from the price level of September 2010 to $282,227.

There were 15 Wallingford homes sold during the month of September 2011.

WALLINGFORD HOMES SOLD – SEPTEMBER 2011

Address	Bed	Bath	Price	Settled
704 Maryland Avenue	1	1.0	$65,000	09/01/11
605 Crum Creek Road	4	2.5	$460,000	09/02/11
712 Pennsylvania Avenue	3	2.0	$80,000	09/09/11
6 Strathmore Court	4	2.5	$712,500	09/13/11
1014 Putnam Blvd	3	2.5	$194,000	09/14/11
211 Woodcrest Road	3	2.5	$365,000	09/16/11
714B Putnam Blvd	2	1.0	$130,000	09/16/11
302 Woodcrest Road	4	2.5	$405,000	09/21/11
313 Crestview Circle	3	2.5	$337,000	09/23/11
209 Stanford Drive	3	1.5	$219,900	09/23/11
206 Willow Road	3	1.5	$220,000	09/23/11
805 Springlawn Drive	3	2.0	$320,000	09/23/11
999 Putnam Blvd	3	2.5	$209,000	09/26/11
800 Avondale Road – Unit 7E	1	1.0	$106,000	09/27/11
31 Waterford Way	5	2.5	$410,000	09/28/11

These 15 Wallingford homes were on the market an average of 100 days, with the average sold price representing 89.39% of the original asking price, and 93.31% of the last asking price.

For the short and long of it, 1014 Putnam Blvd was on the market for25 days, while 6 Strathmore Court was on the market 177 days.

Conventional financing was the financing method of choice in 9 transactions, 4 were cash deals,1 utilized FHA financing, and 1 used VA financing.

209 Stanford Drive was a Bank Owned Forclosure.

A Seller Assist was utilized in 3 of the 15 Wallingford homes sold, ranging from $750 to $10,196.

211 Woodcrest Road – $6,000

209 Stanford Road – $10.196

206 Willow Road – $750

Wallingford September 2011 Activity vs September 2010

	*SALES*	*AVERAGE*	*DOM*	*STL TO ORIG*	*STL TO LAST*
2010	7	$294,286	67	96.86%	96.96%
2011	15	$282,227	100	89.39%	93.31%
	114.0%	– 4.0%	49.0%	-7.47%	-3.65%

SWARTHMORE REAL ESTATE

4 Swarthmore homes sold during the month of September 2011.

SWARTHMORE HOMES SOLD – SEPTEMBER 2011

Address	Bed	Bath	Price	Settled
328 Park Avenue	3	1.5	$272,500	09/14/11
516 Walnut Lane	5	2.2	$385,000	09/16/11
801 Yale Avenue – #814	2	2.0	$140,000	09/23/11
215 Cornell Avenue	7	3.4	$800,000	09/23/11

These 4 Swarthmore homes sold for an average price of $399,375, and were on the market an average of 234 days, fetching 91.14% of original asking price, and 94.95% of last asking price.

For the short and long, 215 Cornell Avenue was on the market 36 days, and 801 Yale Avenue #814 was on the market 720 days.

1 transaction utilized conventional financing, 2 were cash deals, and 1 used other financing.

Comparing this year’s Swarthmore activity with the past 4 years:

Swarthmore September Sales – Last 5 Years

2007 – 4 sales

2008 – 6 sales

2009 – 0 sales

2010 – 4 sales

2011 – 4 sales

Swarthmore September 2011 Activity vs September 2011

	*SALES*	*AVERAGE*	*DOM*	*STL TO ORIG*	*STL TO LAST*
2010	4	$443,625	263	90.40%	93.71%
2011	4	$399,375	234	91.14%	94.95%
	0.0%	-10.0%	-11.0%	0.74%	1.24%