October was another robust month of sales with 19 sales recorded for the month representing a 5 home increase over last year. The average selling price came in at $467,211. The year to year price comparison is distorted by the large increase in the number of single family homes sold, 3 last year vs 14 this year, propelling the average sales price this year to a 105.8% increase compared to last October. Sales this month consisted of 14 singles, 2 condos, 1 twins, 1 townhouse, and 1 row home.
Fourteen single family homes sold for in October with an average price of $571,679 and averaged just 11 days on the market, with 9 homes selling in less than a week. Last October 3 single family homes sold for an average price of $385,000 and spent an average of 19 days on the market.
104 Luckie Lane had the highest selling price for the month at $975,000.
With 2 months remaining in the year the number of closed transactions stands at 184 vs 193 for the same time period last year. The average selling price for the first 10 months of this year stands at $375,884 vs $345,695 last year, which represents a 8.7% increase.
Nineteen listings went under contract during the month – 14 single family homes, 2 condos, 1 townhome, 1 row home, and 1 twin with an average asking price of $380,537 and an average of 12 Days On Market.
There are 21 settlements scheduled with 18 in November and 3 in December.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 124 Ronaldson Street | SNG | 3 | 1.1 | $290,000 | 10/01/20 | 157 |
| 700 Avondale Road #5J | CONDO | 2 | 2.0 | $128,500 | 10/02/20 | 6 |
| 37 Green Valley Road | SNG | 3 | 1.1 | $456,000 | 10/07/20 | 0 |
| 109 Maple Road | SNG | 4 | 3.0 | $305,000 | 10/07/20 | 8 |
| 230 W Rose Valley Road | SNG | 4 | 2.1 | $525,000 | 10/07/20 | 4 |
| 309 Ryanard Road | SNG | 5 | 3.0 | $376,000 | 10/14/20 | 5 |
| 2 Hickory Lane | SNG | 4 | 2.0 | $420,000 | 10/14/20 | 22 |
| 110 Avonbrook Road | SNG | 4 | 3.1 | $635,000 | 10/23/20 | 1 |
| 3 Church Road | SNG | 3 | 2.1 | $685,000 | 10/23/20 | 4 |
| 800 Avondale Road #6C | CONDO | 2 | 2.0 | $135,000 | 10/26/20 | 18 |
| 302 Denver Court | ROW | 2 | 1.0 | $55,000 | 10/27/20 | 11 |
| 415 Hawthorne Road | SNG | 3 | 2.1 | $527,500 | 10/29/20 | 5 |
| 7 Kershaw Road | SNG | 5 | 2.1 | $875,000 | 10/29/20 | 3 |
| 104 Luckie Lane | SNG | 5 | 3.3 | $975,000 | 10/29/20 | 34 |
| 17 Berkshire Drive | SNG | 5 | 3.0 | $430,000 | 10/29/20 | 41 |
| 302 Woodward Road | SNG | 4 | 2.1 | $635,000 | 10/30/20 | 5 |
| 411 Woodward Road | SNG | 6 | 4.0 | $830,000 | 10/30/20 | 1 |
| 527 Washington Avenue | TWIN | 3 | 1.1 | $265,000 | 10/30/20 | 10 |
| 239 Canterbury Drive | SNG | 3 | 1.1 | $329,000 | 10/23/20 | 14 |
| AVERAGE | $467,211 | 18 |
8 of 19 transactions settled with a Seller Assist:
– 37 Green Valley Road – $5,400
– 2 Hickory Lane – $9,500
– 110 Avonbrook Road – $25,000
– 415 Hawthorne Road – $5,360
– 104 Luckie Lane – $8,650
– 17 Berkshire Drive – $10,000
– 239 Canterbury Drive – $15,000
– 527 Washington Avenue – $5,000
Financing Methods
– Conventional Mortgage – 14 transactions
– Cash – 4 transactions
– FHA Mortgage – 1 transaction
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $571,679 | $526,250 | $305,000 | $975,000 | 11 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $135,000 | $131,750 | $128,500 | $135,000 | 12 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $277,500 | $277,500 | $265,000 | $290,000 | 84 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $55,000 | $55,000 | $55,000 | $55,000 | 11 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2019 | 15 | $227,033 | 40 | 95.4% | 98.0% |
| 2020 | 19 | $467,211 | 18 | 99.3% | 101.1% |
| 26.7% | 105.8% | -55.0% | 3.9% | 3.1% |
Wallingford PA Real Estate – Wallingford, PA 19086
