The January 23 Snowstorm Blanketed Wallingford With Almost 2 Feet Of Snow
January home sales in Wallingford PA fell short of last January by 3 homes with 8 homes sold versus 11 homes sold last year. However the average selling price climbed to $332,250 – a 23.4% increase over last year. January sales were comprised of 4 single family homes, 2 condominiums, and 2 townhouses. A total of $2,658,000 in real estate changed hands during the month.
January’s 4 single family homes sold for an average price of $468,500 and averaged only 32 days on the market. Last January 9 single family homes sold for an average price of $313,033 and spent an average of 101 days on the market. This marks a 49.7% increase in the average selling price.
506 Moylan Avenue had the highest selling price for the month at $750,000.
Ten listings went under contract during the month – all single family homes – with an average asking price of $271,370 and an average of 61 Days On Market.
There are 13 future settlements scheduled with 8 in February, 4 in March, and 1 in April.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 211 Sykes Lane | 4 | 2.0 | $360,000 | 01/06/16 | 4 |
| 206 Cricket Lane | 4 | 2.1 | $389,000 | 01/12/16 | 4 |
| 128 Dundee Mills Lane | 3 | 2.1 | $370,000 | 01/13/16 | 71 |
| 340B Saybrook Lane | 2 | 1.0 | $96,000 | 01/22/16 | 18 |
| 700 Avondale Road #2E | 2 | 2.0 | $115,000 | 01/26/16 | 15 |
| 985 Putnam Blvd | 3 | 2.1 | $203,000 | 01/29/16 | 142 |
| 739 Pine Ridge Road | 4 | 2.1 | $375,000 | 01/29/16 | 85 |
| 506 Moylan Avenue | 4 | 3.1 | $750,000 | 01/20/16 | 35 |
| AVERAGE | $332,250 | 47 |
* DOM = Days On Market
3 of 8 transactions had a Seller Assist:
– 211 Sykes Lane – $4,300
– 206 Cricket Lane – $5,000
– 985 Putnam Blvd – $4,060
Financing Methods
– Conventional Mortgage – 6 transactions
– Cash – 1 transaction
– FHA Mortgage -1 transaction
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $468,500 | $382,000 | $360,000 | $750,000 | 32 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $105,500 | $105,500 | $96,000 | $115,000 | 17 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $286,500 | $286,500 | $203,000 | $370,000 | 107 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2015 | 11 | $269,255 | 92 | 89.8% | 94.5% |
| 2016 | 8 | $332,250 | 47 | 96.2% | 97.9% |
| -27.2% | 23.4% | -46.4% | 6.4% | 3.4% |
Wallingford PA Real Estate – Wallingford, PA 19086
