Easter Egg Hunting
For the 4th consecuitive month the average selling price of Wallingford PA homes fell in comparison to last year. The April decline of 12.9% was the smallest decrease this year coming on the heels of a 33.57% decrease in March, 26.6% decrease in February, and 31.7% in January. As prices have decreased more homes are selling – April saw an increase of 5 units over April 2013, 19 homes sold this year as compared with 14 homes sold last year.
For the core category of single family detached homes the average price price of the 15 singles sold in April dropped to $377,517 from $423,373 last April, a 10.8% drop, despite 2 new construction sales during the month. Pending sales activity continued to grow with 24 homes going under contract during the month.
WALLINGFORD PA HOMES SOLD – APRIL 2014
|
Address |
Bed |
Bath |
Price |
DOM* |
Settled |
|
1020 Putnam Blvd |
3 |
2.1 |
$235,500 |
14 |
04/01/14 |
|
300 Scott Lane |
4 |
1.1 |
$289,900 |
3 |
04.02/14 |
|
718 Beechwood Road |
4 |
2.1 |
$263,000 |
25 |
04/04/14 |
|
101 A Waterville Road |
4 |
2.1 |
$441,500 |
40 |
04/04/14 |
|
206 Turner Road |
4 |
3.1 |
$699,000 |
165 |
04/07/14 |
|
317 Copples Lane |
4 |
3.1 |
$250,000 |
219 |
04/07/14 |
|
515 Vernon Street |
3 |
1.0 |
$120,000 |
172 |
04/11/14 |
|
869 Parkridge Drive |
3 |
2.5 |
$310,000 |
73 |
04/14/14 |
|
202 Media Parkway |
3 |
1.0 |
$164,900 |
23 |
04/15/14 |
|
921 Penn Valley Road |
4 |
3.2 |
$520,000 |
15 |
04/18/14 |
|
761 Pennsylvania Avenue |
2 |
1.0 |
$50,000 |
5 |
04/20/14 |
|
408 Palmers Lane |
4 |
2.1 |
$375,000 |
9 |
04/21/14 |
|
716 Scott Lane |
5 |
3.1 |
$479,750 |
128 |
04/25/14 |
|
108 Luckie Lane |
3 |
2.1 |
$450,000 |
6 |
04/28/14 |
|
16 Medbury Lane |
3 |
2.0 |
$330,000 |
27 |
04/30/14 |
|
218 Beech Road |
3 |
1.0 |
$195,900 |
51 |
04/30/14 |
|
8 Gearys Lane |
4 |
2.1 |
$398,600 |
7 |
04/30/14 |
|
407 Osborne Lane |
3 |
2.0 |
$333,000 |
140 |
04/30/14 |
|
925 Putnam Blvd |
3 |
2.2 |
$189,000 |
36 |
04/30/14 |
* DOM = Days On Market
Four of the 19 Wallingford PA homes sold in April 2014 had a Seller Assist:
– 202 Media Parkway – $5,000
– 16 Medbury Lane – $7,500
– 218 Beech Road – $11,000
– 8 Gearys Lane – $3,000
Financing Methods
– Conventional Mortgage – 13 transactions
– Cash – 3 transactions
– FHA – 2 transactions
– VA – 1 transaction
There were 2 distressed property sales in April – 300 Scott Lane and 761 Pennsylvania Ave both were Short Sales.
Wallingford PA Single Homes Sold April 2014 – 15 Sales
| Avg Price | Median Price | Low | High | DOM |
| $377,517 | $333,000 | $164,900 | $699,000 | 62 |
Wallingford PA Row Homes Sold April 2014 – 1 Sale
| Avg Price | Median Price | Low | High | DOM |
| $50,000 | $50,000 | $50,000 | $50,000 | 5 |
Wallingford PA Townhomes Sold April 2014 – 2 Sales
| Avg Price | Median Price | Low | High | DOM |
| $212,250 | $212,250 | $189,000 | $235,500 | 25 |
Wallingford PA Twins Sold April 2014 – 1 Sale
| Avg Price | Median Price | Low | High | DOM |
| $120,000 | $120,000 | $120,000 | $120,000 | 172 |
WALLINGFORD PA – APRIL 2013 VS APRIL 2014
|
SALES |
AVERAGE |
DOM* |
STL TO ORIG |
STL TO LAST |
|
|
2013 |
14 |
$368,629 |
81 |
94.38% |
97.14% |
|
2014 |
19 |
$320,792 |
61 |
93.98% |
95.89% |
|
35.7% |
-12.9% |
-24.6% |
-0.40% |
-1.25% |
* DOM = Days On Market
Looking ahead to upcoming activity, there are 17 homes scheduled to settle in May, 14 in June, and 1 in August.
Wallingford PA Real Estate – Wallingford, PA 19086
