WALLINGFORD PA REAL ESTATE – FEBRUARY 2012
Februrary Wallingford PA sales bested February 2011 by 5 units – 9 homes sold versus 4 in February 2011. The average price registered a 5 percent increase over last year, but the percentage of selling price to original price fell a little over 9% to 9.12%. This indicates that overall the initial asking prices of these homes sold was high relative to the selling price. On average these listings needed multiple price reductions before bringing the asking price in line with the market. One listing had 8 price reductions before selling, the average was 4 price reductions – only two of this group sold without reducing their initial asking price. This ultimately translates into more time on the market – it took longer to sell this year than last year – 30 days longer on average.
There were 9 Wallingford PA homes sold in February 2012.
WALLINGFORD PA HOMES SOLD – FEBRUARY 2012
| Address | Bed | Bath | Price | Settled |
| 511 Avondale Road | 3 | 2.0 | $230,000 | 02/10/2012 |
| 214 Fairfield Drive | 3 | 2.5 | $275,000 | 02/14/2012 |
| 704 Hartford Court | 3 | 1.0 | $99,500 | 02/15/2012 |
| 444 Washington Avenue | 2 | 1.0 | $83,500 | 02/15/2012 |
| 722 Beechwood Road | 3 | 2.0 | $243,000 | 02/17/2012 |
| 404 East Country Club Lane | 4 | 2.0 | $358,900 | 02/23/2012 |
| 103 Stratford Lane | 4 | 2.5 | $545,000 | 02/28/2012 |
| 104 Beatty Road | 3 | 2.5 | $305,000 | 02/29/2012 |
| 306 Denver Court | 2 | 1.0 | $45,100 | 02/29/2012 |
These 9 Wallingford PA homes were on the market an average of 190 days, with the average sold price representing 84.088% of the original asking price, and 96.52% of the last asking price.
Days On Market
-511 Avondale Road – 222 days
– 214 Fairfield Drive – 290 days
– 704 Hartford Court – 296 days
– 444 Washington Avenue – 173 days
– 722 Beechwood Road – 266 days
– 404 East Country Club Drive – 221 days
– 103 Stratford Lane – 193 days
– 104 Beatty Road – 42 days
– 306 Denver Court – 3 days
Financing Methods
– Conventional Mortgage -6 transactions
– Cash – 2 transactions
– FHA Mortgage – 1 transaction
A Seller Assist was utilized in 5 of the 9 Wallingford PA homes sold.
– 511 Avondale Road – $250
– 214 Fairfield Drive – $8,000
– 722 Beechwood Road – $7,290
– 404 East Country Club Drive – $18,000
– 104 Beatty Road – $16,000
No distressed sales – Short Sales or Bank Owned Foreclosures were reported.
Wallingford February 2012 Activity vs February 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2011 | 4 | $231,200 | 160 | 93.20% | 95.49% |
| 2012 | 9 | $242,778 | 190 | 84.08% | 96.52% |
| 125.0% | 5.0% | 18.6% | -9.12% | 1.03% |
In March 11 of the currently 19 Pending listings are scheduled to settle, with 6 scheduled to settle in April.
SWARTHMORE REAL ESTATE – FEBRUARY 2012
Late Winter Color At Scott Arboretum's Cunningham House
3 Swarthmore homes sold during the month of February 2012.
SWARTHMORE HOMES SOLD – FEBRUARY 2012
| Address | Bed | Bath | Price | Settled |
| 624 Magill Road | 3 | 2.5 | $333,000 | 02/03/2012 |
| 801 Yale Avenue – Unit 1030 | 2 | 2.0 | $150,000 | 02/21/2012 |
| 200 Bowdin Avenue | 3 | 1.5 | $128,000 | 02/28/2012 |
February 2012 Swarthmore home sales increased by 2 units over February 2011. Three Swarthmore homes sold for an average price of $203,667, and were on the market an average of 94 days, fetching 86.28%% of original asking price.
When compared with February 2011, Days On Market decreased by just over 9%, about 10 days on average.
Days On Market
– 624 Magill Road – 40 days
– 801 Yale Avenue – Unit 1030 – 95 days
– 200 Bowdin Avenue – 147 days
Financing Methods
– Conventional Mortgage – 2 transactions
– Cash – 1 transaction
No distressed sales – Short Sales or Bank Owned Foreclosures were reported.
Swarthmore February 2012 Activity vs February 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2011 | 1 | $295,000 | 104 | 86.76% | 90.77% |
| 2012 | 3 | $203,667 | 94 | 86.28% | 86.28% |
| 200.0% | -30.9% | -9.6% | -0.48% | -4.49% |
Looking ahead, 5 of 9 currently Pending listings are slated to settle in March, 4 in April, and 2 in May.
