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Wallingford PA Real Estate – May 23, 2022 To May 29, 2022

June 2, 2022 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 25 homes listed for sale – 20 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 2, 2022 with an average asking price of $414,427.

The intense market competition of the last two pandemic-fueled years is finally beginning to slow down, according to a new report released Thursday by Seattle-based brokerage Redfin.

Nineteen percent of homesellers – or nearly one in five – dropped their listing price during the four-week period ending on May 22, 2022, marking the largest number of sellers to do so since pre-pandemic times in October 2019, Redfin reported.

During the four-week period ending May 1, just 15% of sellers dropped their asking price.

In addition, the typical listing’s time on market, the share of homes that have gone pending within one week, and the share of homes sold above-asking have all plateaued, another sign of the market cooling off. Mortgage purchase applications were also at the same rate as they were in June 2020 (down 16%year over year) and the number of buyers visiting and making offers on homes, according to the Redfin Homebuyer Demand Index, saw its largest annual decrease since April 2020, a decline of 12% year over year.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 25 Listings
*20 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$414,427	$415,000	$295,000	$620,000	19

Single Home Market Snapshot – 18 Listings
*14 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$468,978	$467,000	$295,000	$625,000	23

Condo Market Snapshot – 4 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$188,725	$197,450	$155,000	$205,000	13

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,058	$385,000	$279,173	$500,000	6

4 Wallingford PA homes went under contract

5 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

39 homes are Under Contract at this time

2 Wallingford PA homes sold last week

**Wallingford Homes Sold May 23, 2022 To May 29, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
6 E Brookhaven Road	SNG	5	4.1	$1,085,000	05/24/22	41
506 S Media Way	CONDO	2	2.0	$345,710	05/25/22	1
AVERAGE				$714,355		21

N6 E Brookhaven Road sold with a $7,290 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 16, 2022 To May 22, 2022

May 24, 2022 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 20 homes listed for sale – 16 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 24, 2022 with an average asking price of $402,084.

After spending the first part of the pandemic bidding up prices in cities and suburbs alike, homebuyers have spent recent months keying in on one arena in particular — the American suburb.

The typical home in a suburban ZIP code saw its value rise $66,490 over the last year, compared with a $61,671 price in urban areas, a new report from Zillow Research suggests.

These suburban home markets recorded 20% price growth year-over-year in March, compared to 17% in urban areas and 16% in rural ones.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 20 Listings
*16 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$402,084	$407,450	$160,000	$625,000	19

Single Home Market Snapshot – 14 Listings
*12 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$457,336	$434,500	$295,000	$625,000	23

Condo Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,950	$199,950	$194,900	$205,000	15

Townhouse Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$299,900	$299,900	$299,900	$299,900	12

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,058	$279,173	$160,000	$500,000	4

1 Wallingford PA home went under contract

8 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

38 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold May 16, 2022 To May 22, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
7619 W Wiltshire Drive	TWIN	3	2.1	$338,500	05/20/22	4
206 Governors Drive	SNG	4	2.1	$555,000	05/20/22	8
307 Media Parkway	SNG	3	1.0	$285,000	05/20/22	16
AVERAGE				$393,833		9

No home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 9, 2022 To May 15, 2022

May 17, 2022 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 13 homes listed for sale – 8 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 17, 2022 with an average asking price of $412,054.

A year ago, the great majority of American homebuyers despaired over the state of the housing market. Prices had hit record highs. There were so few homes for sale that lines for open houses stretched for blocks and move-in ready places in desirable areas were receiving dozens of offers – and prompting soul-crushing bidding wars. It couldn’t possibly get any worse, right?

Wrong, actually! Fast-forward a year, and there are even fewer homes for sale, prices have continued their upward trajectory, and mortgage interest rates are shooting up at a breakneck pace.

The result: The real costs of homeownership – the actual payments buyers need to make each month, made up primarily by mortgage and principal costs, along with property tax and insurance – are skyrocketing. And this has severely diminished the buying power of most wannabe homeowners.

Someone purchasing the same home today will spend about 1.5 times more on their mortgage bills than they would have just one year earlier. To be clear, home prices alone haven’t risen anywhere near that high. And sellers generally aren’t pocketing that much extra cash through bidding wars. What’s happening is the higher home prices and rising rates have inflated monthly mortgage payments by about 50% in just one year.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 13 Listings
*8 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,054	$415,000	$194,900	$599,000	22

Single Home Market Snapshot – 9 Listings
*5 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$460,767	$449,000	$350,000	$599,000	28

Condo Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,950	$204,950	$194,900	$215,000	8

Townhouse Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$299,900	$299,900	$299,900	$299,900	12

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$500,000	$500,000	$500,000	$500,000	6

9 Wallingford PA homes went under contract

5 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

41 homes are Under Contract at this time

2 Wallingford PA homes sold

**Wallingford Homes Sold May 9, 2022 To May 15, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
700 Scott Lane	SNG	3	1.1	$430,000	05/09/22	6
1000 Putnam Blvd #602	CONDO	3	2.0	$169,000	05/13/22	2
AVERAGE				$299,500		4

Neither home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – April 2022

May 15, 2022 by admin

April recorded 18 closed transactions, 2 more homes than last April’s total. Reflecting tight inventory the average selling price gained 14.0% over last year rising to $368,299. Homes averaged just 13 days on the market before going under contract.

Ten single family homes sold for an average price of $599,900 during the month and averaged just 10 Days On Market. Last April 9 single family homes sold for an average price of $464,667.

201 Woodward Road had the highest selling price for the month at $997,500.

Amid a challenging purchasing environment buyers signed contracts for 9 homes during April, 6 singles, 2 townhouses, and 1 twin home – with an average asking price of $456,378 and an average of 17 Days On Market.

Future settlements – 18 in May, 13 in June, 4 in July, and 4 others spread over the remaining months of 2022.

After the first 4 months of 2022 a total of 69 homes have sold surpassing last year’s volume by 17 homes. The average sales price has gone up $82,840 to $455,620 from last year when it stood at $372,780 representing a 22.2% increase.

**Wallingford PA Closed Transactions April 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #6A	CONDO	1	1.0	$150,000	04/06/22	4
6 Fairfield Road	SNG	4	2.1	$727,500	04/07/22	6
609 W Wiltshire Road	TWIN	13	2.1	$290,000	04/11/22	4
713 W Brookhaven Road	SNG	3	1.1	$329,000	04/14/22	23
991 Putnam Blvd	TOWN	2	2.1	$230,000	04/15/22	3
201 Woodward Road	SNG	5	3.1	$997,500	04/15/22	5
1360 Putnam Blvd	TOWN	2	2.1	$300,000	04/18/22	2
104 Blackthorn Road	SNG	3	1.1	$560,000	04/19/22	0
500 S Media Way Lot #8L	CONDO	5	3.1	$325,947	04/20/22	38
104 Plush Mill Road	SNG	4	4.0	$530,000	04/21/22	32
700 Avondale Road #5E	CONDO	2	2.0	$225,000	04/22/22	11
901 S Providence Road	SNG	3	1.1	$550,000	04/22/22	6
602 W Brookhaven Road	SNG	5	2.2	$600,000	04/26/22	8
502 S Media Way Lot #8U	TOWN	3	2.0	$545,650	04/26/22	64
418 Oak Valley Road	SNG	4	2.0	$625,000	04/28/22	11
206 Ridgewood Road	SNG	3	1.1	$505,000	04/28/22	3
215 W Rose Valley Road	SNG	5	2.1	$575,000	04/29/22	7
700 Avondale Road #3G	CONDO	2	2.0	$197,000	04/29/22	12
AVERAGE				$459,033		13

* DOM = Days On Market

3 of 18 transactions had a Seller Assist:

– 713 W Brookhaven Road – $4,100

– 215 W Rose Valley Road – $5,000

– 700 Avondale Road #3G – $3,900

Financing Methods

– Conventional Mortgage – 13 transactions

– Cash – 5 transactions

**WALLINGFORD SINGLE HOMES – APRIL 2022 – 10 SALES**
Avg Price	Median Price	Low	High	DOM*
$599,900	$567,500	$329,000	$997,500	10

**WALLINGFORD TWINS – APRIL 2022 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$290,000	$290,000	$290,000	$290,000	4

**WALLINGFORD TOWNHOUSES- APRIL 2022 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$358,550	$300,000	$230,000	$545,650	23

**WALLINGFORD CONDOS – APRIL 2022 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$224,287	$211,000	$150,000	$325,947	16

**WALLINGFORD – APRIL 2021 VS APRIL 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	16	$387,806	8	103.0%	102.7%
2022	18	$459,033	13	105.2%	103.7%
	13.0%	14.0%	18.4%	2.2%	1.0%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – April 25, 2022 To May 8, 2022

May 10, 2022 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 15 homes listed for sale – 12 Active listings and 3 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 10, 2022 with an average asking price of $393,838.

According to a recent survey from Clever Real Estate, 43% of sellers expect their home will go for over listing price, 36% report they think they will be able to negotiate a better price or contingencies, 31% predict the appraisal will come back higher than the sale price and 30% think there will be multiple offers. Only 25% said they believe they will have difficulty finding a buyer or receiving asking price for their home.

Fifty-three percent of sellers said they expect to accept an offer within the first month of listing, with 8% planning for it to take less than a week and 19% expecting it to take one to two weeks. However, 74% report their main concern about listing is that their house will take too long to sell, while 69% said they are afraid they won’t get the price they want and 67% said they don’t like the idea of strangers in their home. Additionally, 30% cited the most challenging part of selling their house is preparing it, while 20% said pricing it correcting. Another 19% said finding a Realtor® is their biggest challenge.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 15 Listings
*12 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$393,838	$424,777	$150,000	$650,000	18

Single Home Market Snapshot – 10 Listings
*7 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$482,768	$439,000	$375,000	$650,000	23

Condo Market Snapshot – 3 Listings
*3 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$176,667	$165,000	$150,000	$215,000	10

Townhouse Market Snapshot – 2 Listings
*2- Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$274,950	$274,950	$250,000	$299,900	8

7 Wallingford PA homes went under contract

7 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

33 homes are Under Contract at this time

12 Wallingford PA homes sold

**Wallingford Homes Sold April 25, 2022 To May 8, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
602 W Brookhaven Road	SNG	5	2.2	$600,000	04/26/22	8
502 S Media Way Lot #8U	TOWN	3	2.0	$545,650	04/26/22	64
418 Oak Valley Road	SNG	4	2.0	$625,000	04/28/22	11
206 Ridgewood Road	SNG	3	1.1	$505,000	04/28/22	3
215 W Rose Valley Road	SNG	5	2.1	$575,000	04/29/22	7
700 Avondale Road #3G	CONDO	2	2.0	$197,000	04/29/22	12
508 Oakcrest Lane	SNG	4	3.1	$512,000	05/02/22	11
17 Mallard Mill Run	TOWN	3	3.0	$408,100	05/02/22	7
213 Ash Road	SNG	3	1.1	$350,000	05/03/22	4
913 Penn Valley Road	SNG	4	2.1	$652,500	05/03/22	4
203 Glendale Road	SNG	4	2.1	$550,000	05/06/22	11
320 Cedar Lane	SNG	4	3.0	$730,000	05/06/22	3
AVERAGE				$520,854		12

2 homes sold with a Seller Assist:

– 215 W Rose Valley Road – $5,000

– 800 Avondale Road #3G – $3,900

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus