Spring In Bloom At The Taylor Arboretum
With 14 closed transactions during March home sales in Wallingford PA home sales posted an increase of 5 homes over last year. The average selling price was $286,657 – eking out an slight increase of just under 1% year over year. $4,013,199 in real estate changed hands during the month.
Eleven single family homes sold for an average price of $298,382 during the month and averaged 84 Days On Market. A spike in foreclosure sales – with 4 single family homes being Bank Owned drove the average price down for single homes as well as the overall market. Last March 6 single family homes sold for an average price of $371,629 and spent an average of 106 Days On Market.
300 Melanies Way had the highest selling price for the month at $630,000.
Buyers were busy during the month with 29 homes going under contract during the month – 22 single family homes, 4 townhomes and 3 twins – with an average asking price of $348,912 and an average of 85 Days On Market.
There are 32 future settlements scheduled with 19 in April, 19 in May, and 4 in June.
After the 1st quarter of 2016 a total of 31 homes have sold equaling the volume of last year’s 1st quarter. The average sales price saw an increase to $277,542 from last year where it stood at $267,675, representing a 3.7% increase.
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 200 W Rose Valley Road | 4 | 2.1 | $340,000 | 03/01/16 | 84 |
| 701 Manchester Avenue | 4 | 2.1 | $130,200 | 03/01/16 | 11 |
| 719 Kincaid Mills Lane | 3 | 2.1 | $378,000 | 03/04/16 | 128 |
| 909 Twyckenham Road | 4 | 2.1 | $358,700 | 03/07/16 | 5 |
| 14 Walnut Road | 3 | 1.1 | $113,000 | 03/08/16 | 249 |
| 715 Pine Ridge Road | 5 | 3.1 | $450,000 | 03/10/16 | 66 |
| 115 Cameron Drive | 4 | 2.1 | $355,000 | 03/10/16 | 8 |
| 300 Melanies Way | 4 | 4.1 | $630,000 | 03/11/16 | 253 |
| 1000 Putnam Blvd #202 | 3 | 2.0 | $193,000 | 03/15/16 | 101 |
| 100 Emerald Street | 3 | 1.1 | $220,000 | 03/18/16 | 7 |
| 408 Nashville Court | 3 | 1.0 | $61,299 | 03/21/16 | 96 |
| 1000 Putnam Blvd | 2 | 2.0 | $160,000 | 03/28/16 | 135 |
| 219 Engle Drive | 3 | 2.1 | $399,000 | 03/31/16 | 6 |
| 744 Windsor Place | 4 | 2.1 | $225,000 | 03/31/16 | 31 |
| AVERAGE | $286,657 | 84 |
* DOM = Days On Market
4 of 14 transactions had a Seller Assist:
– 115 Cameron Drive – $2,250
– 300 Melanies Way – $25,000
– 1000 Putnam Blvd #303 – $10,000
– 219 Engle Drive – $3,500
Financing Methods
– Conventional Mortgage – 6 transactions
– Cash – 8 transactions
There were 4 Bank Owned Foreclosure sales during the month:
– 701 Manchester Road
– 14 Walnut Road
– 408 Nashville Court
– 744 Windsor Place
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $298,382 | $340,000 | $61,299 | $630,000 | 84 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $176,500 | $176,500 | $160,000 | $193,000 | 118 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $378,000 | $378,000 | $378,000 | $378,000 | 128 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2015 | 9 | $284,364 | 88 | 92.5% | 96.5% |
| 2016 | 14 | $286,657 | 84 | 95.3% | 101.1% |
| 55.6% | 0.008% | -4.6% | 2.8% | 4.6% |
Wallingford PA Real Estate – Wallingford, PA 19086
