New Turf Being Installed At George King Field
The average sales price in May 2023 was $551,027, which represents a 14.5% increase compared to last year. May’s 21 sales consisted of 15 single family homes, 2 condos, 3 townhomes ,and 1 twin.
There were 15 single family homes sold in May – compared with 11 last May – with an average price of $570,045, a price that is over $82K higher than last year’s average. Singles averaged 37 days on the market.
The highest selling price for the month was $1,115,000 for 215 Wisteria Lane.
A total of 7 homes went under contract during June 2022 with an average asking price of $491,143 – all were single family homes.
There are 13 settlements scheduled in June, 9 in July, 3 in August.
For the first 5 months of the year sales are running a transaction deficit of 22.4% compared to 2022’s first 5 months with 66 closed transactions versus 85 during the first 5 months of last year. The average sales price has decreased 6.2% compared to last year with an average sales price of $431,867. Average days on market came in at 32.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 8 Hickory Lane | SNG | 4 | 2.0 | $670,000 | 05/01/23 | 1 |
| 700 Pine Ridge Road | SNG | 3 | 2.1 | $740,000 | 05/02/23 | 2 |
| 506 Media Parkway | SNG | 3 | 1.0 | $335,000 | 05/03/23 | 32 |
| 411 Marie Drive | SNG | 4 | 5.1 | $900,000 | 05/08/23 | 52 |
| 516 South Media Way | TOWN | 4 | 3.0 | $680,000 | 05/09/23 | 4 |
| 706 Blakeley Road | SNG | 3 | 1.0 | $320,000 | 05/10/23 | 205 |
| 412 Briarwood Road | SNG | 3 | 1.1 | $535,000 | 05/11/23 | 7 |
| 520 South Media Way | CONDO | 3 | 2.0 | $431,270 | 05/11/23 | 1 |
| 959 Putnam Blvd | TOWN | 3 | 2.1 | $305,000 | 05/12/23 | 6 |
| 338 Callendar Lane | SNG | 4 | 2.0 | $590,000 | 05/15/23 | 135 |
| 522 South Media Way | TOWN | 3 | 3.0 | $572,205 | 05/15/23 | 15 |
| 309 Woodward Road | SNG | 5 | 4.1 | $875,000 | 05/16/23 | 5 |
| 709 Washington Avenue | SNG | 3 | 2.1 | $425,000 | 05/18/23 | 4 |
| 11 W Possum Hollow Road | SNG | 3 | 2.1 | $680,000 | 05/19/23 | 56 |
| 228 Ridgewood Road | SNG | 3 | 1.1 | $550,000 | 05/24/23 | 4 |
| 215 Wisteria Lane | SNG | 5 | 3.1 | $900,000 | 05/24/23 | 7 |
| 360A Saybrook Lane | CONDO | 2 | 1.0 | $145,000 | 05/24/23 | 4 |
| 437 Manchester Avenue | SNG | 4 | 1.1 | $365,000 | 05/25/23 | 5 |
| 704 Atlanta Court | TWIN | 2 | 1.0 | $82,000 | 05/30/23 | 4 |
| 209 Hastings Avenue | SNG | 5 | 2.0 | $535,000 | 05/30/23 | 37 |
| 404 Golfview Road | SNG | 4 | 2.0 | $700,000 | 05/31/23 | 1 |
| AVERAGE | $551,027 | 28 |
* DOM = Days On Market
2 of 21 homes sold with a Seller Assist:
– 706 Blakeley Road – $15,000
– 704 Atlanta Court – $3,000
Financing Methods
– Conventional Mortgage – 14 transactions
– Cash – 6 transactions
– FHA Mortgage – 1 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $653,000 | $570,000 | $320,000 | $1,115,000 | 37 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $298,685 | $298,685 | $166,100 | $431,270 | 3 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $82,000 | $82,000 | $82,000 | $82,000 | 4 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $519,068 | $572,205 | $305,000 | $680,000 | 8 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2022 | 16 | $481,363 | 8 | 103.5% | 103.3% |
| 2023 | 21 | $551,027 | 28 | 105.5% | 104.9% |
| 31.3% | 35.2% | 262.5% | 2.0% | 1.6% |
Wallingford PA Real Estate – Wallingford, PA 19086
