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Wallingford PA Real Estate – January 2020

February 9, 2020 by admin

January 2020 home sales in Wallingford PA matched last year with 19 closed transactions. The average selling price was $316,591 – a 4.8% increase over last year. January sales consisted of 11 single family homes, 3 twins, 3 condos, and 2 townhouses. A total of $5,930,231 in real estate changed hands during the month.

January’s 11 single family homes sold for an average price of $426,932 and averaged 48 days on the market. Last January 9 single family homes sold for an average price of $377,944 and averaged 92 days on the market.

213 Pembroke Road had the highest selling price for the month at $950,000.

Twenty four went under contract during the month – 17 singles, 4 townhouses, 2 twins, and 1 condo – with an average asking price of $392,770 and an average of 69 Days On Market.

There are 17 settlements scheduled with 11 in February, 4 in March, and 1 in both April and May.

**Wallingford Homes Sold January 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
367 Saybrook Lane	TOWN	3	2.1	$175,000	01/02/20	38
712B Putnam Blvd	CONDO	2	1.0	$115,000	01/03/20	30
25 Chester Road	SNG	3	2.0	$280,000	01/10/20	10
110 Walnut Road	SNG	3	1.0	$215,000	01/10/20	44
517 Beatty Road	SNG	3	2.1	$303,850	01/10/20	166
310 W Rose Valley Road	SNG	4	2.0	$482,500	01/14/20	35
789 Pennsylvania Avenue	TWIN	2	1.0	$50,000	01/15/20	5
1000 Putnam Blvd #507	CONDO	1	1.0	$110,000	01/15/20	28
318 Palmers Lane	SNG	5	3.0	$410,000	01/15/20	215
800 Avondale Road #6F	CONDO	1	1.0	$98,981	01/16/20	24
213 Pembroke Road	SNG	4	3.2	$303,850	01/16/20	4
822 Meredith Drive	SNG	3	1.1	$425,000	01/17/20	1
706 Atlanta Court	TWIN	2	1.0	$85,000	01/17/20	102
128 Dundee Mills Lane	TOWN	3	2.2	$410,000	01/21/20	6
21 Chestnut Parkway	SNG	3	1.0	$209,950	01/21/20	31
808 Washington Avenue	TWIN	3	1.1	$275,000	01/24/20	58
309 Scott Lane	SNG	4	1.1	$420,000	01/28/20	9
737 Hemlock Road	SNG	4	2.2	$532,000	01/29/20	8
4 Arthur Court	SNG	5	4.0	$482,000	01/30/20	4
AVERAGE				$316,591		43

7 of 19 transactions had a Seller Assist:

– 25 Chester Road – $10,000

– 110 Walnut Road – $600

– 1000 Putnam Blvd #507 – $3,000

– 318 Palmers Lane – $2,200

– 822 Meredith Drive – $20,000

– 128 Dundee Mills Lane – $750

– 4 Arthur Court – $4,000

Financing Methods

– Conventional Mortgage – 13 transactions

– Cash – 5 transactions

– FHA Mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES – JANUARY 2020 – 11 SALES**
Avg Price	Median Price	Low	High	DOM*
$426,932	$420,000	$195,000	$950,000	48

**WALLINGFORD TWINS – JANUARY 2020 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$136,667	$85,000	$50,000	$275,000	55

**WALLINGFORD CONDOS – JANUARY 2020- 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$107,994	$110,000	$98,981	$115,000	27

**WALLINGFORD TOWNHOUSES – JANUARY 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$292,500	$292,500	$175,000	$410,000	22

**WALLINGFORD – JANUARY 2019 VS JANUARY 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	19	$302,233	100	91.7%	96.6%
2020	19	$316,591	43	90.7%	93.1%
	0.0%	4.8%	-57.0%	-1.0%	-3.5%

Wallingford PA Real Estate – Wallingford, PA 19086

Nether Providence Commissioners Vote To Raze The Summit School

January 31, 2020 by admin

The Summit School On Plush Mill Road Will Be Demolished

The Nether Providence Township Board Of commissioners voted unanimously at it’s January 23 meeting to award contracts to demolish the deteriorating Summit School on Plush Mill Road opening the site for redevelopment.

The razing of the former school will require extensive asbestos abatement to the tune of $188,500 and an additional $174,000 will be required to tear down the structure. Funding for the project comes from a $500,000 grant from the Pennsylvania Redevelopment Assistance Program (RACP) whci was awarded last summer.

The site has been slated for redevelopment as green space that could possibly include a walking trail, snack bar, and a small outdoor amphitheater.

Wallingford PA Real Estate – Wallingford, PA 19086

The Origins Of Groundhog Day – How Often Does Phil Get It Right?

January 31, 2020 by admin

The origins of Groundhog Day can be traced back to the 1700’s when arriving German settlers brought with them a tradition known as Candlemas Day. This tradition can traces it’s roots back even further to an ancient Pagan celebration. The dark of winter was a frightful time for the ancients and at the mid point of the Winter Solstice and the Spring Equinox – approximately February 2 on today’s calendar – superstition held that if the weather was fair, the second half of winter would be stormy and cold.

The tradition continued with the early Christians in Europe, and it became the custom on Candlemas Day for clergy to bless candles and distribute them to the people in the dark of winter to light their homes. The weather on February 2 became a harbinger for the future. If the sun came out February 2, halfway between Winter and Spring, it meant six more weeks of wintry weather – “For as the sun shines on Candlemas day, so far will the snow swirl in May…”.

Since the first recorded trek to Gobbler’s Knob in Punxsutawney, PA on February 2, 1887, Punxautawney Phil has seen his shadow 102 times and recorded no shadow 17 times (9 years of predictions are missing from the records). When coupled with actual weather records Phil only has an accuracy rating of about 39%.

An anticipated crowd of over 30,000 will be on hand on February 2 in Punxsutawney to see if Phil can get it right this year.

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 20, 2020 To January 26, 2020

January 28, 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 January 28, 2020 with an average asking price of $434,460.

Borrowing costs moved lower this week as the 30-year fixed-rate mortgage averaged 3.6%, Freddie Mac reports. Rates are at the lowest levels in three months and about a quarter-point above all-time lows. “The very low rate environment has clearly had an impact on the housing market, as both new construction and home sales have surged in response to the decline in rates, the rebound in the economy, and improving financial market sentiment,” says Freddie Mac Chief Economist Sam Khater.

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*
$434,460	$439,900	$94,900	$850,000	87

Single Home Market Snapshot – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$520,124	$499,900	$224,900	$850,000	94

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$351,467	$350,000	$269,500	$434,900	158

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$119,675	$119,950	$94,900	$143,900	34

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$223,300	$269,900	$105,000	$295,000	25

*DOM = Days On Market

7 Wallingford PA homes went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listing expired

31 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold January 20, 2020 To January 26, 2020
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
128 Dundee Mills Lane	TOWN	3	2.2	$410,000	01/21/20	6
21 Chestnut Parkway	SNG	3	1.0	$209,950	01/21/20	31
808 Washington Avenue	TWIN	3	1.1	$275,000	01/24/20	58
AVERAGE				$293,333		32

128 Dundee Mills Lane sold with a $750 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 13, 2020 To January 19, 2020

January 21, 2020 by admin

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

There are 39 homes listed for sale in Wallingford PA and Nether Providence Township on January 21, 2020 with an average asking price of $402,236.

More single-family and multifamily homes are coming onto the market soon as new-home construction posts its biggest gains in 13 years. Total housing starts rose nearly 17% in December to a seasonally adjusted annual rate of 1.61 million units, the U.S. Commerce Department reports.

Broken out, starts for single-family homes rose 11.2% to a seasonally adjusted annual rate of 1.06 million in December. The multifamily sector, which includes apartment buildings and condos, climbed nearly 30% to a 553,000 unit pace.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 39 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$402,236	$399,999	$94,900	$850,000	83

Single Home Market Snapshot – 26 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$504,823	$499,950	$224,900	$850,000	95

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$351,467	$350,000	$269,500	$434,900	158

Condo Market Snapshot – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$122,098	$122,494	$94,900	$143,900	22

Twin Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$193,700	$295,000	$104,900	$295,000	34

*DOM = Days On Market

2 Wallingford PA home went under contract

5 new listings came onto the market

No listings were withdrawn from the market

1 listing expired

28 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold January 13, 2020 To January 19, 2020
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
310 W Rose Valley Road	SNG	4	2.0	$482,500	01/14/20	35
789 Pennsylvania Avenue	TWIN	2	1.0	$50,000	01/15/20	5
1000 Putnam Blvd #507	CONDO	1	1.0	$110,000	01/15/20	28
318 Palmers Lane	SNG	5	3.0	$410,000	01/15/20	215
800 Avondale Road #6F	CONDO	1	1.0	$98,981	01/16/20	24
213 Pembroke Road	SNG	4	3.2	$303,850	01/16/20	4
822 Meredith Drive	SNG	3	1.1	$425,000	01/17/20	1
AVERAGE				$360,926		45

3 homes sold with a Seller Assist

– 1000 Putnam Blvd #507 – $3,000

– 318 Palmers Lane – $2,200

– 822 Meredith Drive – $20,000

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus