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Wallingford PA Real Estate – August 2020

September 10, 2020 by admin

Avondale Road Flooded By Tropical Storm Isaias

The shift in the typical real estate selling season into the summer due to the pandemic was readily apparent in August as there were 36 closed sales compared to 15 last year. To put that into perspective August has averaged 19 settlements over the past 5 years. Traditionally June has the highest volume of transactions during any given year and this August even surpassed June’s 5 year average of 33 settlements. Many homes often sold with multiple offers, and 20 homes sold in 7 days or less.

The average sales price came in at $361,761 representing a 10.4% decrease compared to last year. The 36 sales were comprised of 24 single family homes, 6 townhomes, 4 condos, and 2 twin homes.

Eighteen single family homes sold for an average price of $493,389 and averaged 40 days on the market. Last July 17 single family homes sold for an average price of $441,147 with an average of 41 days on the market.

The highest selling price for the month was $820,000 for 910 Winding Lane.

Seventeen homes went under contract during the month – 15 single family homes, 1 twin, and 1 condo. The average asking price was $421,712 and these listings averaged 28 days on the market.

Upcoming settlements – 9 in September, 6 in October, and 1 in November.

**Wallingford Homes Sold August 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
513 Bickmore Drive	SNG	3	1.1	$400,000	08/03/20	3
900 Penn Valley Road	SNG	5	2.1	$595,000	08/03/20	100
902 Winding Lane	SNG	4	2.1	$575,000	08/04/20	212
31 Willow Road	SNG	3	1.1	$275,000	08/04/20	11
5 Morgan Lane	SNG	4	2.2	$635,000	08/05/20	8
800 Avondale Road #2H	CONDO	1	1.0	$113,500	08/07/20	3
901 Twyckenham Road	SNG	1	1.0	$570,000	08/07/20	4
519 Scott Lane	SNG	4	1.1	$415,000	08/07/20	35
1332 Putnam Blvd	TOWN	2	2.1	$210,000	08/10/20	61
101 Ridley Drive	SNG	3	1.0	$275,000	08/12/20	4
113 Canterbury Drive	SNG	4	2.1	$410,000	08/13/20	5
1027 Putnam Blvd	TOWN	2	2.1	$209,000	08/14/20	18
1183 Putnam Blvd	TOWN	3	2.1	$245,000	08/14/20	6
408 Sheffield Drive	SNG	4	2.0	$394,900	08/14/20	9
211 Walnut Road	SNG	3	2.0	$268,000	08/14/20	13
310 Beatty Road	SNG	4	3.1	$719,000	08/17/20	6
820 Pleasant Hill Road	SNG	3	2.0	$212,000	08/17/20	13
106 Manchester Road	SNG	3	1.1	$485,000	08/18/20	5
209 Emerald Lane	SNG	3	1.0	$280,209	08/19/20	6
210 Willow Road	SNG	3	1.0	$269,000	08/19/20	3
800 Avondale Road #PH17	CONDO	1	1.0	$129,900	08/19/20	6
604 Allen Lane	SNG	3	1.1	$426,000	08/21/20	6
910 Winding Lane	SNG	3	3.0	$820,000	08/24/20	7
412 Austin Court	TWIN	2	2.0	$130,000	08/24/20	19
707 Devon Lane	SNG	4	2.2	$388,000	08/25/20	50
645 Niblick Lane	TOWN	3	2.1	$305,000	08/25/20	7
10 Green Valley Road	SNG	3	1.1	$384,500	08/26/20	8
800 Avondale Road #PH7	CONDO	2	2.0	$129,500	08/26/20	59
403 Saybrook Lane	TOWN	2	2.1	$160,000	08/27/20	4
118 Willow Road	SNG	3	1.0	$264,000	08/27/20	7
530 W Georgetown Road	SNG	4	2.1	$415,000	08/27/20	4
5 S Chester Road	SNG	3	1.1	$235,000	08/28/20	7
1169 Putnam Blvd	SNG	3	2.1	$235,000	08/28/20	6
908 Penn Valley Road	SNG	5	4.1	$799,000	08/28/20	4
1 Sproul Lane	SNG	4	3.1	$500,000	08/28/20	175
700 Avondale Road #4F	CONDO	2	2.0	$125,000	08/28/20	30
AVERAGE				$361,761		27

* DOM = Days On Market

16 of 36 homes sold with a Seller Assist:

– 513 Bickmore Drive – $3,000

– 900 Penn Valley Road – $10,000

– 31 Willow Road – $1,500

– 902 Winding Lane – $25,000

– 5 Morgan Lane – $3,800

– 901 Twyckenham Road – $5,000

– 101 Ridley Drive – $4,000

– 113 Canterbury Drive – $2,000

– 1027 Putnam Blvd – $6,000

– 408 Sheffield Drive – $7,898

– 10 Green Valley Road – $10,000

– 403 Saybrook Lane – $3,200

– 530 W Georgetown Road – $500

– 1169 Putnam Blvd – $2,000

– 908 Penn Valley Road – $39,000

– 700 Avondale Road #4F – $7,500

Financing Methods

– Conventional Mortgage – 32 transactions

– Cash – 3 transactions

– FHA Mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES – AUGUST 2020 – 24 SALES**
Avg Price	Median Price	Low	High	DOM*
$447,971	$412,500	$212,000	$820,000	29

**WALLINGFORD TOWNHOMES – AUGUST 2020 – 6 SALES**
Avg Price	Median Price	Low	High	DOM*
$227,333	$222,500	$160,000	$305,000	27

**WALLINGFORD CONDOS – AUGUST 2020 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$124,475	$127,250	$113,500	$129,900	25

**WALLINGFORD TWIN HOMES – AUGUST 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$205,105	$205,105	$130,000	$280,209	13

**WALLINGFORD – AUGUST 2019 VS AUGUST 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	15	$402,660	41	94.1%	97.0%
2020	36	$361,761	27	98.9%	99.6%
	140.0%	-10.2%	-34.1%	4.8%	2.6%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 31, 2020 To September 6, 2020

September 8, 2020 by admin

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

There are 35 homes listed for sale in Wallingford PA and Nether Providence Township on September 8, 2020 with an average asking price of $470,891.

The housing market showed no signs of slowing in August, with homes getting more expensive and selling faster. The national median listing price increased 10% to a new record high of $350,000 last month, and homes are selling at their fastest pace in 15 months, according to a new report from realtor.com®. Meanwhile, the number of homes on the market sank to a record low as housing shortages persist.

he lack of homes for sale continues to press on home prices. The Northeast led in listing price gains annually, up nearly 19% in Philadelphia, 14.7% in Boston, and 12.2% in Providence-Warwick, R.I. On average, homes nationwide are selling in 56 days – five days faster than a year ago, according to realtor.com®.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 35 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$470,891	$415,000	$109,500	$1,049,000	38

Single Home Market Snapshot – 26 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$547,723	$452,000	$239,000	$1,049,000	46

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$372,475	$382,500	$274,900	$450,000	21

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$126,833	$132,000	$109,500	$139,000	12

Twin Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$185,000	$185,000	$110,000	$260,000	17

*DOM = Days On Market

2 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

1 listing expired

27 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold August 31, 2020 To September 1, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road #4F	CONDO	2	2.0	$125,000	08/31/20	30
AVERAGE				$125,000		30

700 Avondale Road #4F sold with a $7,500 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 24, 2020 To August 30, 2020

September 1, 2020 by admin

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

There are 32 homes listed for sale in Wallingford PA and Nether Providence Township on September 1, 2020 with an average asking price of $486,056.

Young prospective home buyers in their 20s and 30s who were once reluctant to purchase are now driving the housing market recovery during the pandemic, The Wall Street Journal reports.

Even prior to the pandemic, millennial buyers were starting to increase in number, accounting for more than half of all new-home loans early last year. They have consistently stayed above that level in the first months of this year, too, realtor.com® data shows.

The large size of this generation has prompted predictions that they will make a lasting impact on the housing market. Millennials have now surpassed baby boomers as the largest living adult generation in the U.S., Pew Research Center data shows. The largest segment of millennial births occurred in 1990, so that cohort is turning 30 this year. “We anticipate as they turn 31 and 32, we’ll just see homebuying demand grow,” Odeta Kushi, deputy chief economist at First American Financial Corp., told the Journal.

First American predicts millennials could purchase at least 15 million homes over the next decade.

Existing-home sales surged nearly 25% in July, reaching their highest seasonally adjusted annual rate since December 2006, according to the National Association of REALTORS®. First-time buyers comprised 34% of sales in July, up from 32% a year earlier.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 32 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$486,056	$420,000	$115,000	$1,049,000	38

Single Home Market Snapshot – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$560,072	$475,000	$239,000	$1,049,000	44

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$382,500	$382,500	$350,000	$415,000	32

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$137,333	$132,500	$132,500	$147,500	7

Twin Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$187,500	$187,500	$115,000	$260,000	13

*DOM = Days On Market

7 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

26 homes are Under Contract at this time

12 Wallingford PA homes sold last week

**Wallingford Homes Sold August 24, 2020 To August 30, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
910 Winding Lane	SNG	3	3.0	$820,000	08/24/20	7
412 Austin Court	TWIN	2	2.0	$130,000	08/24/20	19
707 Devon Lane	SNG	4	2.2	$388,000	08/25/20	50
645 Niblick Lane	TOWN	3	2.1	$305,000	08/25/20	7
10 Green Valley Road	SNG	3	1.1	$384,500	08/26/20	8
800 Avondale Road PH17	CONDO	2	2.0	$129,500	08/26/20	59
403 Saybrook Lane	TOWN	2	2.1	$160,000	08/27/20	4
118 Willow Road	SNG	3	1.0	$264,000	08/27/20	7
530 W Georgetown Road	SNG	4	2.1	$415,000	08/27/20	4
5 S Chester Road	SNG	3	1.1	$235,000	08/28/20	7
1169 Putnam Blvd	SNG	3	2.1	$235,000	08/28/20	6
908 Penn Valley Road	SNG	5	4.1	$799,000	08/28/20	4
AVERAGE				$355,417		20

6 homes sold with a Seller Assist

– 707 Devon Road – $6,000

– 10 Green Valley Road – $10,000

– 403 Saybrook Lane – $3,200

– 530 W Georgetown Road – $500

– 1169 Putnam Blvd – $2,000

– 908 Penn Valley Road – $39,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 17, 2020 To August 23, 2020

August 25, 2020 by admin

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

There are 28 homes listed for sale in Wallingford PA and Nether Providence Township on August 25, 2020 with an average asking price of $516,082.

The housing market has been defying forecasts during the COVID-19 pandemic. Initially, home sales nose-dived for three consecutive months during state shutdowns. But by June, a “remarkable housing recovery” took hold, and real estate bounced back with a vengeance, Lawrence Yun, chief economist for the National Association of REALTORS®, said Wednesday during NAR’s virtual 2020 Leadership Summit.

One-third of REALTORS® say they’re busier this summer than they were a year ago, according to a recent NAR survey. It’s a sign that even under the weight of compounding national crises – the pandemic, skyrocketing unemployment, racial inequality, and a recession – the housing market is likely to remain strong. The market is on the upswing of a “V-shaped recovery,” Yun said, with sales about 10% higher than a year ago.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 28 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$516,082	$432,000	$115,000	$1,049,000	38

Single Home Market Snapshot – 22 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$587,627	$507,450	$239,000	$1,049,000	45

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$333,333	$350,000	$235,000	$415,000	21

Condo Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$132,500	$132,500	$132,500	$132,500	6

Twin Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$195,000	$195,000	$115,000	$275,000	8

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

34 homes are Under Contract at this time

5 Wallingford PA homes sold last week

**Wallingford Homes Sold August 17, 2020 To August 23, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
310 Beatty Road	SNG	4	3.1	$719,000	08/17/20	6
106 Manchester Road	SNG	3	1.1	$485,000	08/18/20	5
210 Willow Road	SNG	3	1.0	$269,000	08/19/20	3
800 Avondale Road PH17	CONDO	1	1.0	$129,900	08/19/20	6
604 Allen Lane	SNG	3	1.1	$426,000	08/21/20	6
AVERAGE				$410,160		19

2 homes sold with a Seller Assist

– 106 Manchester Road – $15,000

– 604 Allen Lane – $6,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 10, 2020 To August 16, 2020

August 18, 2020 by admin

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

There are 30 homes listed for sale in Wallingford PA and Nether Providence Township on August 18, 2020 with an average asking price of $498,573.

Buyers are finding greater selection in their house hunt as new listings increase above pre-pandemic levels, according to realtor.com®’s latest Weekly Recovery Report, reflecting the week ending Aug. 8. The increase in new listings now brings all four major components of housing activity tracked on the index—also including housing demand, asking prices, and pace of sales—above the pre-pandemic baseline of January 2020.

The realtor.com® Housing Market Recovery Index reached a reading of 105.6 nationwide for the week ending Aug. 8, 5.6 points above the pre-COVID-19 baseline. The index uses 100 as its baseline period to compare the housing market’s recovery to January 2020, before the coronavirus outbreak hit the U.S.

While new listings growth has recovered to pre-COVID-19 levels, it still remains down 6% year over year, realtor.com® reports. “The small number of homes for sale has been a key limited factor for buyers in the market, so continued recovery in new listings bodes well for home sales in the coming months,” realtor.com® reports.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 30 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$498,573	$434,000	$115,000	$1,049,000	44

Single Home Market Snapshot – 24 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$565,950	$482,450	$239,000	$1,049,000	51

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$333,333	$350,000	$235,000	$415,000	18

Condo Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,700	$129,700	$126,900	$132,500	16

Twin Home Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$115,000	$115,000	$115,000	$115,000	2

*DOM = Days On Market

4 Wallingford PA homes went under contract

3 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

6 Wallingford PA homes sold last week

**Wallingford Homes Sold August 10, 2020 To August 16, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1332 Putnam Blvd	TOWN	2	2.1	$210,000	08/10/20	61
101 Ridley Drive	SNG	3	1.0	$275,000	08/12/20	4
1027 Putnam Blvd	TOWN	2	2.1	$209,000	08/14/20	18
1183 Putnam Blvd	TOWN	3	2.1	$245,000	08/14/20	6
408 Sheffield Drive	SNG	4	2.0	$394,900	08/14/20	9
211 Walnut Road	SNG	3	2.0	$268,000	08/14/20	13
AVERAGE				$266,983		19

4 homes sold with a Seller Assist

– 101 Ridley Drive – $4,000

– 1027 Putnam Blvd – $6,000

– 408 Sheffield Drive – $7,898

– 211 Walnut Road – $8,040

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus