With settlements being conducted remotely or from cars April recorded 14 closed transactions, falling 8 homes short of last April’s total. Reflecting tight inventory the average selling price gained 14.0% over last year rising to $368,299. Homes were only in the market of 12 days before going under contract.
Ten single family homes sold for an average price of $425,318 during the month and averaged just 11 Days On Market. Last April 16 single family homes sold for an average price of $364,806 and spent an average of 32 Days On Market.
111 Luckie Lane had the highest selling price for the month at $535,000.
Amid a challenging purchasing environment buyers signed contracts for 4 homes during April, all single family homes – with an average asking price of $477,475 and an average of just 21 Days On Market.
Future settlements – 8 in May, and 3 in June.
After the first 4 months of 2020 a total of 68 homes have sold surpassing last year’s volume by 10 homes. The average sales price has gone up $10,625 to $337,896 from last year when it stood at $327,271 representing a 3.2% increase.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 234 W Rose Valley Road | SNG | 3 | 2.1 | $473,500 | 04/01/20 | 8 |
| 509 Wilder Road | SNG | 4 | 2.1 | $466,000 | 04/01/20 | 31 |
| 722 Beechwood Road | SNG | 3 | 2.0 | $425,000 | 04/17/20 | 5 |
| 102 Waterford Circle | SNG | 5 | 2.1 | $450,000 | 04/21/20 | 4 |
| 800 Avondale Road #6E | CONDO | 1 | 1.0 | $121,679 | 04/22/20 | 40 |
| 312 Scott Lane | SNG | 3 | 2.1 | $397,000 | 04/27/20 | 9 |
| 306 Marlyn Lane | SNG | 3 | 2.1 | $410,000 | 04/27/20 | 22 |
| 111 Luckie Lane | SNG | 3 | 2.0 | $535,000 | 04/28/20 | 7 |
| 903 Twyckenham Road | SNG | 3 | 2.1 | $510,000 | 04/29/20 | 3 |
| 438 Vernon Street | TWIN | 3 | 1.0 | $131,000 | 04/30/20 | 7 |
| 208 Ash Road | SNG | 3 | 1.1 | $320,000 | 04/30/20 | 8 |
| 300 Hastings Avenue | SNG | 4 | 2.0 | $312,000 | 04/30/20 | 6 |
| 645 W Wiltshire Road | TWIN | 3 | 2.0 | $225,000 | 04/30/20 | 4 |
| 831 Parkridge Drive | SNG | 3 | 2.1 | $380,000 | 04/30/20 | 14 |
| AVERAGE | $368,299 | 12 |
* DOM = Days On Market
6 of 14 transactions had a Seller Assist:
– 234 W Rose Valley Road – $1,200
– 509 Wilder Road – $1,000
– 722 Beechwood Road – $1,000
– 102 Waterford Circle – $9,000
– 306 Marlyn Lane – $2,500
– 208 Ash Road – $3,000
Financing Methods
– Conventional Mortgage – 9 transactions
– Cash – 3 transactions
– FHA Mortgage – 2 transactions
438 Vernon Street was a Bank Owned foreclosure sale.
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $425,318 | $425,000 | $312,000 | $535,000 | 11 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $178,000 | $178,000 | $131,000 | $225,000 | 6 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $121,679 | $121,679 | $121,679 | $121,679 | 40 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2019 | 22 | $322,961 | 31 | 97.7% | 98.3% |
| 2020 | 14 | $368,299 | 12 | 102.7% | 102.8% |
| -36.4% | 14.0% | -61.3% | 5.0% | 4.5% |
Wallingford PA Real Estate – Wallingford, PA 19086
