New Roof Being Installed On Leiper House
There was a significant drop off in sales during August compared to last year with 14 homes sold representing a 12 home decrease in units. The average sales price also lost ground decreasing by 12.03% to $346,227. August’s 28 sales were comprised of 11 single family homes, 2 townhouses, and 1 condo.
The 11 single family homes sold for an average price of $374,016 and averaged 66 days on the market. Last July single family homes sold for an average price of $415,550 and were on the market an average of 55 days.
306 Beatty Road had the highest selling price for the month at $575,000.
Seventeen listings that went under contract during the month – 14 single family homes, 2 condos, and 1 condo with an average asking price of $329,824.
There are are 25 future settlements scheduled with 17 in September, 8 in October, and 2 in November.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 214 Hillsboro Mills Lane | 4 | 3.1 | $370,000 | 08/06/15 | 409 |
| 800 Avondale Road #4L | 1 | 1.0 | $68,000 | 08/11/15 | 122 |
| 401 Blakeley Road | 3 | 1.1 | $174,900 | 08/14/15 | 67 |
| 211 Pembroke Road | 4 | 2.1 | $525,000 | 08/14/15 | 2 |
| 306 Beatty Road | 4 | 3.1 | $575,000 | 08/18/15 | 69 |
| 102 E Rose Valley Road | 4 | 3.0 | $400,000 | 08/19/15 | 11 |
| 34 Green Valley Road | 3 | 1.0 | $299,900 | 08/20/15 | 277 |
| 505 Oakcrest Lane | 4 | 2.1 | $465,000 | 08/21/15 | 6 |
| 202 Wisteria Lane | 4 | 3.1 | $557,500 | 08/27/15 | 26 |
| 5 Hickory Lane | 2 | 1.0 | $283,000 | 08/27/15 | 8 |
| 216 Chestnut Parkway | 3 | 1.1 | $222,873 | 08/28/15 | 109 |
| 214 Walnut Road | 3 | 1.0 | $171,000 | 08/28/15 | 83 |
| 36 Mallard Mill Run | 3 | 4.1 | $295,000 | 08/31/15 | 5 |
| 709 Kent Road | 5 | 3.1 | $440,000 | 08/31/15 | 72 |
| AVERAGE | $346,227 | 90 |
* DOM = Days On Market
4 of 14 transactions had a Seller Assist:
– 211 Pembroke Road – $6,200
– 5 Hickory Lane – $8,490
– 214 Walnut Road – $2,150
– 216 Chestnut Parkway – $12,910
Financing Methods
– Conventional Mortgage – 11 transactions
– Cash – 2 transactions
– FHA Mortgage – 1 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $374,016 | $400,000 | $171,000 | $575,000 | 66 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $332,500 | $332,500 | $295,000 | $370,000 | 207 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $68,000 | $68,000 | $68,000 | $68,000 | 122 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2014 | 26 | $393,598 | 75 | 94.92% | 97.03% |
| 2015 | 14 | $346,227 | 90 | 94.33% | 97.08% |
| -46.2% | -12.03% | 20.0% | -0.59% | -0.05% |
Wallingford PA Real Estate – Wallingford, PA 19086
