Strath Haven Band At Practice
August 2019 saw the effect of limited inventory with the number of closed transactions of 13 representing a 50% decrease year over year. However there was good news with respect to the average selling price which saw an increase of 16.0%, rising to $413,154 . August’s 13 sales consisted of 9 single family homes, 3 condos, and 1 townhome.
Nine single family homes sold for an average price of $538,889 and averaged 77 days on the market. Last August saw the sale of 19 single family homes that sold for an average price of $424,832 and were on the market an average of 48 days.
506 Moylan Road had the highest selling price for the month at $830,000.
Seventeen listings went under contract during the month – 7 single family homes, 6 twins, 2 condos, and 2 townhouses with an average asking price of $283,488 and were on the market an average of 33 days.
There are are 16 settlements scheduled – 11 in September, 4 in October, and 1 in January 2020.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 506 Moylan Avenue | SNG | 4 | 3.1 | $830,000 | 08/05/19 | 40 |
| 358B Saybrook Lane | CONDO | 2 | 1.0 | $111,500 | 08/08/19 | 2 |
| 8 Brye Lane | SNG | 4 | 2.1 | $550,500 | 08/09/19 | 18 |
| 404 Hidden Valley Lane | SNG | 5 | 3.2 | $625,000 | 08/09/19 | 136 |
| 800 Avondale Road #6F | CONDO | 1 | 1.0 | $94,500 | 08/12/19 | 31 |
| 925 Winding Lane | SNG | 4 | 3.0 | $639,000 | 08/13/19 | 62 |
| 361 Saybrook Lane | TOWN | 2 | 2.1 | $210,000 | 08/15/19 | 5 |
| 114 Mulberry Lane | SNG | 5 | 3.1 | $815,000 | 08/15/19 | 97 |
| 605 E Media Parkway | SNG | 4 | 2.0 | $153,000 | 08/19/19 | 93 |
| 300 Melanies Lane | SNG | 4 | 4.1 | $565,000 | 08/23/19 | 139 |
| 102 Westminster Drive | SNG | 4 | 2.1 | $380,000 | 08/26/19 | 37 |
| 22 Medbury Lane | SNG | 3 | 1.0 | $292,500 | 08/28/19 | 72 |
| 800 Avondale Road #3I | CONDO | 1 | 1.0 | $105,000 | 08/28/19 | 72 |
| AVERAGE |
* DOM = Days On Market
7 of 13 transactions had a Seller Assist:
– 506 Moylan Avenue – $1,500
– 404 Hidden Valley Road – $37,500
– 114 Mulberry Lane – $3,500
– 605 E Media Parkway – $4,590
– 300 Melanies Way – $13,000
– 22 Medbury Lane – $5,000
– 800 Avondale Road #3I – $500
Financing Methods
– Conventional Mortgage – 9 transactions
– Cash – 3 transactions
– FHA – 1 transaction
No distressed sales were reported for the month:
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $538,889 | $565,000 | $153,000 | $830,000 | 77 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $210,000 | $210,000 | $210,000 | $210,000 | 5 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $103,667 | $105,000 | $94,500 | $111,500 | 35 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2018 | 26 | $356,108 | 40 | 95.7% | 99.4% |
| 2019 | 13 | $413,154 | 62 | 93.2% | 96.5% |
| -50.0% | 16.0% | 55.0% | -2.5% | -2.9% |
Wallingford PA Real Estate – Wallingford, PA 19086
