The 2nd quarter of 2021 in Wallingford PA staged quite a recovery over last year posting 69 closed transactions vs 38 last year in a market restriced by the pandemic. The average sale price rose a healthly 11.2% over last year to $425,957.
Sellers reaped the benefits of a market with very limited inventory with 39 homes selling for more than the asking price and overall homes averaged just 12 Days On Market. The ratio of selling price to original asking price was over 100% at 102.9%.
The amount of real estate that changed hands during the quarter more than doubled over last year rising to $29,391,000.
The core category of single family homes recorded 41 sales with an average selling price of $565,485 compared to last year’s average selling price of $450,652 when 29 singles homes sold.
Days On Market averaged just 12 days vs 14 last year.
April recorded 16 sales, May had 20 sales, and 33 homes were sold in June.
The highest priced home sold in the quarter was 108 Avonbrook Road which sold in April for $950,000.
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2020 | 38 | $382,315 | 14 | 100.0% | 100.5% |
| 2021 | 69 | $425,957 | 12 | 102.9% | 103.1% |
| 81.2% | 11.2% | -14.3% | 2.9% | 2.6% |
2ND QUARTER 2021 – SALES BY PRICE RANGE
| PRICE RANGE | SALES | % Of SALES |
|---|---|---|
| $100,000 To $200,000 | 13 | 18.9% |
| $200,000 To $300,000 | 11 | 16.0% |
| $300,000 To $400,000 | 11 | 16.0% |
| $400,000 To $500,000 | 9 | 13.0% |
| $500,000 To $600,000 | 7 | 10.1% |
| $600,000 To $700,000 | 9 | 13.0% |
| $700,000 To $800,000 | 6 | 8.7% |
| $800,000 To $900,000 | 1 | 1.4% |
| $900,000 To $1,000,000 | 2 | 2.9% |
| TOTAL | 69 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $565,485 | $572,000 | $305,000 | $950,000 | 14 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $153,475 | $142,500 | $118,000 | $228,000 | 12 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $288,940 | $252,250 | $228,000 | $400,000 | 6 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $245,833 | $263,050 | $131,000 | $370,000 | 7 |
*DOM = Days On Market
Wallingford PA Real Estate – Wallingford, PA 19086
