Taylor Arboretum
April recorded 13 closed transactions, 5 less transactions than last April’s total. The average sales price fell 19.2% slipping to $370,905. Homes averaged just 18 days on the market before going under contract.
Seven single family homes sold for an average price of $525,643 during the month and averaged 20 Days On Market. Last April 10 single family homes sold for an average price of $599,900.
114 Blackthorn Road had the highest selling price for the month at $755,000.
Amid a challenging purchasing environment buyers signed contracts for 12 homes during April, 10 singles, 1 condo, and 1 twin home – with an average asking price of $485,942 and an average of 39 Days On Market.
Future settlements – 18 in May, 7 in June, and 1 in July.
After the first 4 months of 2023 a total of just 46 homes have sold falling behind last year’s pace by 23 homes. The average sales price has fallen $73,976 to $382,644 from last year when it stood at $455,620 representing a 16.2% decrease.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 1222 Putnam Blvd | TOWN | 2 | 2.1 | $255,100 | 04/06/23 | 9 |
| 597 Manchester Avenue | SNG | 3 | 1.0 | $317,000 | 04/11/23 | 4 |
| 723 Pennsylvania Avenue | ROW | 3 | 1.0 | $90,000 | 04/12/23 | 9 |
| 370B Saybrook Lane | CONDO | 2 | 1.0 | $155,165 | 04/14/23 | 5 |
| 6 Arthur Court | SNG | 3 | 2.1 | $667,500 | 04/14/23 | 15 |
| 913 Surrey Road | SNG | 5 | 2.1 | $680,000 | 04/14/23 | 6 |
| 322 Cedar Lane | SNG | 4 | 2.1 | $451,000 | 04/14/23 | 46 |
| 301 N Providence Road | SNG | 3 | 2.1 | $399,000 | 04/17/23 | 56 |
| 713 Columbus Court | ROW | 3 | 1.0 | $212,000 | 04/18/23 | 62 |
| 1330 Putnam Blvd | TOWN | 2 | 2.1 | $290,000 | 04/24/23 | 12 |
| 739 Pennsylvania Avenue | ROW | 3 | 1.0 | $140,000 | 04/25/23 | 4 |
| 114 Blackthorn Road | SNG | 3 | 2.1 | $755,000 | 04/25/23 | 6 |
| 716 Hemlock Road | SNG | 3 | 1.1 | $410,000 | 04/28/23 | 4 |
| AVERAGE | $370,905 | 18 |
* DOM = Days On Market
2 of 13 transactions had a Seller Assist:
– 597 Manchester Avenue – $9,000
– 723 Pennsylvania Avenue – $3,311
Financing Methods
– Conventional Mortgage – 9 transactions
– Cash – 4 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $525,643 | $451,000 | $317,000 | $755,000 | 20 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $197,420 | $212,000 | $90,000 | $290,000 | 19 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $155,165 | $155,165 | $155,165 | $155,165 | 5 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2022 | 18 | $459,033 | 13 | 105.2% | 103.7% |
| 2023 | 13 | $370,905 | 18 | 97.1% | 98.7% |
| -27.8% | -19.2% | 38.5% | -8.1% | -5.0% |
Wallingford PA Real Estate – Wallingford, PA 19086
