There were 11 closed transactions in Wallingford during February which bested last year’s total by 2 homes. The average selling price was substantially higher at $394,636 – an increase of 12.9% over last year.
All ten transaction were single family homes that sold for an average price of $410,600 during the month and averaged 89 Days On Market. Last February also recorded 9 singles homes selling for an average price of $381,313 and spending an average of 53 Days On Market.
214 N Providence Road had the highest selling price of the month at $673,000.
Sixteen listings went under contract during the month – 9 single family homes , 4 townhouses, 2 twins, and 1 condo – with an average asking price of $341,000 and an average of 32 Days On Market.
There are 18 future settlements scheduled – 10 in March, 5 in April, and 3 in May.
Sales are running slightly behind last year to date with 26 closed transactions for the first 2 months of 2019 compared to 28 last year. The average selling price at $341,327 represents a 3.5% increase over last year.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 28 Furness Lane | SNG | 4 | 3.0 | $620,000 | 02/01/19 | 41 |
| 215 Walnut Lane | SNG | 3 | 1.1 | $253,000 | 02/07/19 | 62 |
| 514 W Brookhaven Road | SNG | 4 | 2.1 | $365,000 | 02/0719 | 115 |
| 404 Crumwald Lane | SNG | 4 | 3.1 | $615,000 | 02/15/19 | 149 |
| 301 Woodridge Lane | SNG | 3 | 1.0 | $380,000 | 02/20/19 | 126 |
| 214 N Providence Road | SNG | 6 | 3.1 | $673,000 | 02/22/19 | 73 |
| 329 N Providence Road | SNG | 4 | 2.0 | $300,000 | 02/25/19 | 65 |
| 907 Surrey Road | SNG | 3 | 3.0 | $360,000 | 02/26/19 | 42 |
| 304 Ryanard Road | SNG | 3 | 2.0 | $200,000 | 02/26/19 | 118 |
| 503 Morris Lane | SNG | 4 | 2.0 | $340,000 | 02/27/19 | 96 |
| 1126 Putnam Blvd | TOWN | 3 | 2.0 | $235,000 | 02/28/19 | 64 |
| AVERAGE | $394,636 | 86 |
* DOM = Days On Market
4 of 11 transactions had a Seller Assist:
– 215 Walnut Road – $3,000
– 514 W Brookhaven Road – $5,250
– 404 Crumwald Lane – $2,500
– 907 Surrey Road – $3,000
Financing Methods
– Conventional Mortgage – 7 transactions
– Cash – 4 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $410,600 | $362,500 | $200,673 | $673,000 | 89 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $235,000 | $235,000 | $235,000 | $235,000 | 86 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2018 | 9 | $349,500 | 52 | 93.5% | 95.9% |
| 2019 | 11 | $394,636 | 86 | 91.6% | 95.3% |
| 18.2% | 12.9% | 65.4% | -1.9% | -0.6% |
Wallingford PA Real Estate – Wallingford, PA 19086
