October saw the second consecutive decline in sales year over year with 9 closed transactions vs 14 last year. The average selling price came in at $564,398 which was $141,041 higher than last year’s average and amounts to a 33.3% increase. Sales this month consisted of 5 singles, 3 townhouses, and 1 twin.
Five single family homes sold in October with an average price of $758,916- a large substantial increase in price of 43.9% compared to last year – and averaged 9 days on the market, with 4 of the singles selling in 14 days or less.
100 Sycamore Lane had the highest selling price for the month at $1,300,000.
After 10 months of the year the number of closed transactions stands at 137 vs 190 for the same time period last year. The average selling price for the first 10 months of this year stands at $461,967 vs $434,834 last year, which represents a 6.2% increase.
Sixteen listings went under contract during the month – 7 single family homes, 4 townhomes, 1 condo, and 4 twins with an average asking price of $469,537 and an average of 23 Days On Market.
There are 13 settlements scheduled in November, 3 in December, and 1 in January 2024.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 100 Sycamore Lane | SNG | 4 | 3.1 | $1,300,000 | 10/06/23 | 17 |
| 945 Putnam Blvd | TOWN | 3 | 2.1 | $345,000 | 10/10/23 | 2 |
| 240 Canterbury Drive | SNG | 4 | 2.1 | $555,900 | 10/10/23 | 14 |
| 25 Chester Road | SNG | 3 | 2.0 | $400,000 | 10/10/23 | 4 |
| 1144 Putnam Blvd | TOWN | 3 | 2.1 | $305,000 | 10/23/23 | 5 |
| 512 South Media Way | TOWN | 2 | 2.0 | $370,000 | 10/26/23 | 6 |
| 225 Sykes Lane | SNG | 4 | 2.1 | $788,678 | 10/30/23 | 7 |
| 616 E Wiltshire Drive | TWIN | 3 | 2.1 | $265,000 | 10/31/23 | 4 |
| 747 Windsor Place | SNG | 4 | 2.1 | $750,000 | 10/31/23 | 3 |
| AVERAGE | $564,398 | 7 |
1 of 9 transactions settled with a Seller Assist:
– 25 Chester Road – $1,425
Financing Methods
– Conventional Mortgage – 5 transactions
– Cash – 3 transactions
– VA Mortgage – 1 transaction
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $758,916 | $750,000 | $400,000 | $1,300,000 | 9 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $265,000 | $265,000 | $265,000 | $265,000 | 4 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $340,000 | $345,000 | $305,000 | $370,000 | 4 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2022 | 14 | $423,357 | 16 | 100.1% | 102.0% |
| 2023 | 9 | $564,398 | 7 | 103.1% | 103.6% |
| -35.7% | 33.3% | -56.3% | 3.0% | 1.6% |
Wallingford PA Real Estate – Wallingford, PA 19086
