Cherry Tree Blooming At Taylor Arboretum
WALLINGFORD PA REAL ESTATE – MARCH 2012
March 2012 Wallingford PA sales bested March 2011 by 2 units – 10 homes sold versus 8 in March 2011. The average selling price posted a 12.6% gain over last year’s average, coming in at $241,495. Selling prices of these homes was almost 19% off the initial asking price, which continues the area trend of initial listing prices being out of line with the market. Seven of the 10 homes sold took at least one price reduction before attracting a buyer. The time it took to go under contract saw a big drop of almost 21%, from 226 days last March to 179 days this March.
There were 10 Wallingford PA homes sold in March 2012.
WALLINGFORD PA HOMES SOLD – MARCH 2012
| Address | Bed | Bath | Price | Settled |
| 619 West Brookhaven Road | 3 | 2.0 | $212,000 | 03/09/2012 |
| 433 New Jersey Avenue | 3 | 1.0 | $103,500 | 03/15/2012 |
| 22 Chestnut Parkway | 5 | 1.5 | $61,450 | 03/16/2012 |
| 214 Sherwood Lane | 4 | 3.5 | $360,000 | 03/16/2012 |
| 634 West Wiltshire Drive | 3 | 2.5 | $190,000 | 03/23/2012 |
| 720 Pine Ridge Road | 5 | 3.5 | $495,000 | 03/23/2012 |
| 101 Brent Drive | 3 | 1.5 | $185,000 | 03/26/2012 |
| 308 West Rose Valley Road | 3 | 2.5 | $165,000 | 03/29/2012 |
| 806 Pleasant Hill Road | 3 | 2.0 | $320,000 | 03/30/2012 |
| 120 Locust Lane | 4 | 2.0 | $323,000 | 03/30/2012 |
These 10 Wallingford PA homes were on the market an average of 179 days, with the average sold price representing 81.35% of the original asking price, and 91.82% of the last asking price.
Days On Market
– 619 West Brookhaven Road- 49 days
– 433 New Jersey Avenue- 556 days
– 22 Chestnut Parkway – 218 days
– 214 Sherwood Lane – 276 days
– 634 West Wiltshire Drive – 324 days
– 720 Pine Ridge Road- 24 days
– 101 Brent Drive – 29 days
– 308 West Rose Valley Road – 134 days
– 806 Pleasant Hill Road – 172 days
– 120 Locust Lane – 10 days
Financing Methods
– Conventional Mortgage -7 transactions
– FHA Mortgage – 2 transactions
– Cash – 1 transaction
There was a Seller Assist associated with 5 of the 9 Wallingford PA homes sold in March 2012
– 619 West Brookhaven Road- $12,720
– 433 New Jersey Avenue- $6,000
– 214 Sherwood Lane – $1,000
– 634 West Wiltshire Drive – $5,000
– 308 West Rose Valley Road – $4,950
– 120 Locust Lane – $9,600
214 Sherwood Lane and 308 West Rose Valley Road were reported as Short Sales.
Wallingford March 2012 Activity vs March 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2011 | 8 | $214,500 | 226 | 81.5% | 90.51% |
| 2012 | 10 | $241,495 | 179 | 81.35% | 91.82% |
| 25.0% | 12.6% | -20.7% | -0.15% | 1.31% |
April is scheduled to be a busy month for settlements – 14 homes are slated to settle in April, and 9 are already on the schedule for May. We are headed into the peak settlement time of the year!
SWARTHMORE REAL ESTATE – MARCH 2012
A Game Of Frisbee Seen Through Kohlberg Hall Courtyard
5 Swarthmore homes sold during the month of March 2012.
SWARTHMORE HOMES SOLD – MARCH 2012
| Address | Bed | Bath | Price | Settled |
| 312 Cornell Avenue | 6 | 3.2 | $485,000 | 03/08/2012 |
| 801 Yale Avenue – Unit 1103 | 1 | 1.0 | $70,000 | 03/19/2012 |
| 612 Hillborn Avenue | 4 | 2.5 | $705,000 | 03/26/2012 |
| 536 Westminster Avenue | 3 | 1.5 | $285,000 | 03/30/2012 |
| 315 Vassar Avenue | 4 | 2.5 | $275,000 | 03/30/2012 |
March 2012 Swarthmore home sales increased by 3 units over March 2011. Five Swarthmore homes sold for an average price of $364,000, an increase in the average price of $21,500 – 6.3% higher than last year, and were on the market an average of 197 days, fetching 90.57% of original asking price.
When compared with March 2011, Days On Market increased substantially by 91 days on average.
Days On Market
– 312 Cornell Avenue – 244 days
– 801 Yale Avenue – Unit 1103 – 363 days
– 612 Hilllborn Avenue – 13 days
– 536 Westminster Avenue – 274 days
– 315 Vassar Avenue – 90 days
Financing Methods
– Conventional Mortgage – 4 transactions
– Cash – 1 transaction
No distressed sales – Short Sales or Bank Owned Foreclosures were reported.
Swarthmore March 2012 Activity vs March 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2011 | 2 | $342,500 | 106 | 87.78% | 93.44% |
| 2012 | 5 | $364,000 | 197 | 90.57% | 95.74% |
| 150.0% | 6.3% | 85.8% | 2.79% | 2.3% |
Looking ahead, 6 properties are schedule to settle in April and another 6 in May.
