Geese Family Along Crum Creek
WALLINGFORD PA REAL ESTATE – MAY 2012
May 2012 Wallingford PA sales were strong with 18 homes sold during the month, 11 more than in May 2011. The average selling price bested last May by 19.1% – $51,401 – coming in at $320,472. The average price was boosted by two sales substantially above the norm – one at $700,000, and another at $875,000. Taking those two high sales out of the mix, the average price was still a solid $301,667.
Four condominiums and townhouses sold during May for an average price of $143,375. The average selling price to original list price percentage of 83.74% shows a continuing weakness in the condo townhouse market.
Single detached homes were on the market an average of 103 days, while condominiums/townhouses took an average of 247 days to go under contract.
There were 18 Wallingford PA homes sold in May 2012.
WALLINGFORD PA HOMES SOLD – May 2012
| Address | Bed | Bath | Price | Settled |
| 503 Media Parkway | 3 | 1.0 | $170,000 | 05/01/2012 |
| 700 Avondale Road – 4G | 2 | 2.0 | $120,000 | 05/08/2012 |
| 910 Penn Valley Road | 7 | 4.5 | $875,000 | 05/10/2012 |
| 25 Ridley Drive | 3 | 2.0 | $130,000 | 05/14/2012 |
| 800 Avondale Road – 7L | 3 | 2.0 | $145,000 | 05/14/2012 |
| 1115 Putnam Blvd | 2 | 2.5 | $156,000 | 05/15/2012 |
| 1382 Putnam Blvd | 2 | 2.5 | $152,500 | 05/18/2012 |
| 208 Cooper Drive | 5 | 2.5 | $430,000 | 05/22/2012 |
| 197 Woodward Road | 5 | 2.5 | $207,000 | 05/23/2012 |
| 221 Wallingford Avenue | 3 | 1.5 | $168,000 | 05/24/2012 |
| 302 Leiper Street | 2 | 2.0 | $225,000 | 05/24/2012 |
| 921 Winding Lane | 4 | 3.5 | $700,000 | 05/24/2012 |
| 720 Windsor Place | 4 | 2.5 | $410,000 | 05/25/2012 |
| 306 Smithfield Road | 3 | 1.5 | $300,000 | 05/25/2012 |
| 208 Dogwood Lane | 4 | 2.5 | $348,000 | 05/30/2012 |
| 713 Scott Lane | 3 | 1.5 | $205,000 | 05/31/2012 |
| 4 Green Valley Road | 3 | 1.0 | $297,000 | 05/31/2012 |
| 314 Plush Mill Road | 4 | 3.2 | $730,000 | 05/31/2012 |
These 18 Wallingford PA homes sold at an average price of $320,472. Selling prices represented 89.48% of the original asking price, and 94.57% of the last asking price.
Days On Market
– 503 Media Parkway – 47 days
– 700 Avondale Road – 4G – 140 days
– 910 Penn Valley Road – 258 days
– 25 Ridley Drive – 5 days
– 800 Avondale Road – 7L – 176 days
– 1115 Putnam Blvd- 256 days
– 1382 Putnam Blvd – 418 days
– 208 Cooper Drive – 53 days
– 197 Woodward Road – 42 days
– 302 Leiper Street – 142 days
– 921 Winding Way – 240 days
– 221 Wallingford Avenue – 182 days
– 720 Windsor Place – 65 days
– 306 Smithfield Road – 155 days
– 208 Dogwood Lane – 179 days
– 4 Green Valley Road – 164 days
– 314 Plush Mill Road – 108 days
– 713 Scott Lane – 96 days
Financing Methods
– Conventional Mortgage – 10 transactions
– Cash – 5 transactions
– FHA Mortgage – 3 transactions
Sellers granted a Seller Assist in 11 of the 18 Wallingford PA homes sold in May 2012 ranging from $1,000 to $20,000.
– 503 Media Parkway – $1,000
– 700 Avondale Road – 4G – $7,200
– 910 Penn Valley Road – $3,500
– 25 Ridley Drive – $5,000
– 302 Leiper Street – $4,000
– 921 Winding Way – $10,000
– 720 Windsor Place – $9,000
– 306 Smithfield Road – $5,000
– 208 Dogwood Lane – $12,750
– 4 Green Valley Road – $11,000
– 314 Plush Mill Road – $20,000
No distressed sales – Short Sales or Bank Owned Foreclosures were reported during May.
Wallingford May 2012 Activity vs May 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2011 | 7 | $269,071 | 148 | 92.64% | 96.06% |
| 2012 | 18 | $320,472 | 151 | 89.48% | 94.57% |
| 157.1% | 19.1% | 2.0% | -3.16% | -1.49% |
During June 12 settlements are scheduled, 7 homes are scheuled to settle in June, and 2 are scheduled in August.
SWARTHMORE REAL ESTATE – MAY 2012
Memorial Day 2012 In Swarthmore
10 Swarthmore homes sold during the month of May 2012.
SWARTHMORE HOMES SOLD – MAY 2012
| Address | Bed | Bath | Price | Settled |
| 801 Yale Avenue – Unit 105 | 2 | 2.0 | $100,000 | 05/07/2012 |
| 400 Riverview Road | 5 | 4.0 | $755,000 | 05/11/2012 |
| 400 Vassar Avenue | 4 | 2.2 | $422,000 | 05/11/2012 |
| 417 Haverford Place | 3 | 1.0 | $157,500 | 05/19/2012 |
| 545 Walnut Lane | 4 | 1.5 | $400,000 | 05/21/2012 |
| 113 Yale Avenue | 4 | 2.0 | $222,500 | 05/21/2012 |
| 801 Yale Avenue – Unit 501 | 3 | 2.5 | $250,000 | 05/24/2012 |
| 617 Magill Road | 5 | 2.0 | $310,000 | 05/25/2012 |
| 412 North Chester Road | 8 | 3.5 | $670,000 | 05/29/2012 |
| 50 Dogwood Lane | 4 | 2.5 | $444,000 | 05/31/2012 |
May 2012 Swarthmore home sales increased by 7 units over May 2011. Ten Swarthmore homes sold for an average price of $373,100, and were on the market an average of 101 days. Selling prices represented 89.87% of original asking price, and 92.68% of the last asking price. Average price, selling price to both original list and last list prices saw a big drop when compared to last year.
Days On Market
– 801 Yale Avenue – Unit 105 – 42 days
– 400 Riverview Road – 83 days
– 400 Vassar Avenue – 26 days
– 417 Haverford Place – 21 days
– 545 Walnut Lane -19 days
– 113 Yale Avenue – 254 days
– 801 Yale Avenue – Unit 501 -160 days
– 617 Magill Road – 352 days
– 412 North Chester Road -25 days
– 50 Dogwood Lane -26 days
Financing Methods
– Cash – 6 transactions
– Conventional Mortgage -4 transactions
No distressed sales – Short Sales or Bank Owned Foreclosures were reported during May.
Swarthmore May 2012 Activity vs May 2011
| SALES | AVERAGE | DOM | STL TO ORIG | STL TO LAST | |
| 2011 | 3 | $488,000 | 71 | 91.56% | 97.67% |
| 2012 | 10 | $373,100 | 101 | 89.87% | 92.68% |
| 233.0% | -23.5% | 42.3% | -1.69% | -4.99% |
Looking ahead, 6 Swarthmore properties are schedule to settle in June, 3 in July, 3 in August, and 1 in September.
