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Wallingford PA Real Estate – October 21, 2019 To October 27, 2019

October 29, 2019 by admin

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

There are 46 homes listed for sale in Wallingford PA and Nether Providence Township on October 29, 2019 with an average asking price of $430,141.

Lower mortgage rates have increased buying power by 6%, and more house hunters want to take advantage. That helped boost contract signings by 1.5% in September, the second consecutive month for increases, the National Association of REALTORS® reported Tuesday.

NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, rose to a reading of 108.7 in September. (An index reading of 100 is equal to the level of contract activity in 2001.) Contract signings are up 3.9% year over year.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 46 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$430,141	$409,900	$109,900	$939,000	74

Single Home Market Snapshot – 37 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$477,929	$449,900	$224,900	$939,000	75

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$325,200	$312,950	$189,900	$485,000	84

Condo Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$119,900	$119,900	$109,900	$129,900	92

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$207,500	$207,500	$207,500	$299,999	47

*DOM = Days On Market

5 Wallingford PA homes went under contract

1 new listing came onto the market

No listings were withdrawn from the market

1 listing expired

30 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold October 21, 2019 To October 27, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
627 E Wiltshire Drive	TWIN	3	2.1	$237,000	10/21/19	7
208 Media Pkwy	TWIN	3	1.1	$240,000	10/25/19	54
AVERAGE				$238,500		31

Both homes sold with a Seller Assist

– 627 E Wiltshire Drive – $6,000

– 208 Media Pkwy – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – October 14, 2019 To October 20, 2019

October 22, 2019 by admin

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

There are 46 homes listed for sale in Wallingford PA and Nether Providence Township on October 22, 2019 with an average asking price of $435,813.

A total of 143,105 properties nationwide received a foreclosure filing—default notice, scheduled auction, or bank repossession—in the third quarter of this year, the lowest level since the second quarter of 2005, ATTOM Data Solutions reports in its latest Foreclosure Market Report. U.S. foreclosure activity is now 49% below the pre recession average of 278,912 between the first quarter of 2006 and the third quarter of 2007, ATTOM Data reports.

There have been 4 reported Bank Owned Foreclosure sales in Wallingford during the first 3 quarters of this year.

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Wallingford Market Snapshot – 46 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$435,813	$419,900	$109,900	$939,000	70

Single Home Market Snapshot – 38 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$477,811	$449,450	$224,900	$939,000	70

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,300	$350,000	$275,900	$485,000	104

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$121,567	$124,900	$109,900	$129,900	59

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$207,500	$207,500	$207,500	$299,999	40

*DOM = Days On Market

9 Wallingford PA homes went under contract

6 new listings came onto the market

1 listing was withdrawn from the market

2 listings expired

29 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold October 14, 2019 To October 20, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
989 Putnam Blvd	TOWN	2	2.1	$204,500	10/14/19	5
817 Beech Road	TWIN	3	1.1	$210,000	10/15/19	36
420 Washington Ave	TWIN	3	2.1	$285,000	10/18/19	6
700 Avondale Road #4D	CONDO	2	2.0	$126,500	10/18/19	43
AVERAGE				$206,500		23

420 Washington Avenue sold with a $14,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – October 7, 2019 To October 13, 2019

October 15, 2019 by admin

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

There are 43 homes listed for sale in Wallingford PA and Nether Providence Township on October 15, 2019 with an average asking price of $438,314.

Neighborhoods located within a half-mile of public transit services outperformed those farther from public transit based on a number of factors, according to a report released Monday by the National Association of REALTORS® and the American Public Transportation Association.

The report shows commercial and residential real estate market sales thrive when residents have mobility options. Residential properties within these areas had 4% to 24% higher median sale prices between 2012 and 2016, the report found. Commercial values in four of the regions saw median sales prices per square foot increase between 5% and 42%. Transit-oriented areas also provide costs savings for residents: The report showed an average annual savings of $2,500 to $4,400 in transportation costs for the typical household. One in four households in close proximity to transit doesn’t own a vehicle, according to the study.

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Wallingford Market Snapshot – 43 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$438,314	$419,900	$115,000	$939,000	76

Single Home Market Snapshot – 35 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$488,211	$459,900	$229,900	$939,000	77

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,967	$350,000	$277,900	$485,000	97

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$133,050	$132,400	$119,900	$147,500	47

Twin Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$115,000	$115,000	$115,000	$115,000	65

*DOM = Days On Market

2 Wallingford PA homes went under contract

4 new listings came onto the market

2 listings were withdrawn from the market

No listings expired

25 homes are Under Contract at this time

No Wallingford PA homes sold last week

Wallingford Homes Sold October 7, 2019 To October 13, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –
AVERAGE

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 30, 2019 To October 6, 2019

October 8, 2019 by admin

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

There are 45 homes listed for sale in Wallingford PA and Nether Providence Township on October 8, 2019 with an average asking price of $452,971.

In the last month, mortgage rates have fallen to their lowest monthly averages in more than three years, and economists predict they’ll stay there well into 2020 – and even possibly lower. Last week, the 30-year fixed-rate mortgage averaged 3.65%, down 1.06 percentage points from a year ago, Freddie Mac reports.

Next year, according to Fannie Mae, rates could drop as low as 3.4%

As mortgage rates drop, forecasters also expect home price growth to moderate. Fannie Mae, Freddie Mac, and the MBA all predict home price growth to slow to 2.2% appreciation by 2021. Home sales are expected to remain elevated. The National Association of REALTORS® is forecasting existing-home sales to rise 0.6% in 2019 and by another 3.4% in 2020.

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Wallingford Market Snapshot – 45 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$452,971	$449,000	$115,000	$939,000	82

Single Home Market Snapshot – 37 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$501,519	$475,000	$230,000	$939,000	86

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,967	$350,000	$277,900	$485,000	90

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,233	$129,900	$119,900	$134,900	53

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$164,950	$164,950	$115,000	$214,900	44

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

1 listing was withdrawn from the market

No listings expired

22 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold September 30, 2019 To October 6, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
205 Willow Road	SNG	4	2.1	$265,000	09/30/19	73
124 Locust Lane	SNG	3	2.0	$365,000	09/30/19	148
206 Sackville Mills Lane	TOWN	3	2.0	$320,000	09/30/19	161
800 Avondale Road #2A	CONDO	1	1.0	$104,000	10/01/19	121
215 Canterbury Drive	SNG	3	1.1	$340,000	10/02/19	27
1000 Putnam Blvd #306	CONDO	1	1.0	$140,500	10/04/19	111
AVERAGE				$252,750		107

3 homes sold with a Seller Assist:

– 205 Willow Road – $3,000

– 215 Canterbury Drive – $2,000

– 1000 Putnam Blvd #306 – $4,215

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 3rd Quarter 2019 Review

October 3, 2019 by admin

A total of 53 homes sold during the 3rd quarter of 2018 in Wallingford PA falling 9 homes short of last year. Sales in August took a big dip compared to last year with 15 sales as opposed to 26 sales in August 2018. However,the average selling price increased 18.7% compared to last year coming in at $385,492

The 39 single family homes that sold during the quarter saw their average selling price increase by $45,628, increasing 11.4% from $399,627 to $445,255. Single homes averaged 41 days on the market during the quarter.

With one more quarter to go in the year the number of Wallingford homes sold is 6 less than last year, with 178 closed transactions recorded through the end of September. The average selling price has seen a increase of 8.0% from $329,196 for the first 9 months of last year to an average of $355,695 for the July through September time frame in 2019.

There were 23 homes sold in July, 15 in August, and 15 in September.

The highest priced home sold in the 3rd quarter was 506 Moylan Avenue that sold for $830,000.

**WALLINGFORD – 3RD QUARTER 2017 VS 3RD QUARTER 2018**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2017	62	$324,877	43	96.5%	98.4%
2019	53	$385,492	42	95.2%	97.9%
	-14.5%	18.7%	-2.3%	-1.3%	-0.5%

3RD QUARTER 2019 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	7
$200,000 To $300,000	9
$300,000 To $400,000	15
$400,000 To $500,000	8
$500,000 To $600,000	5
$600,000 To $700,000	4
$700,000 To $800,000	2
$800,000 To $900,000	2
TOTAL	53

Single Family Homes Sold – 3rd Quarter 2019 – 39 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$455,255	$425,000	$153,000	$830,000	41

Townhouses Sold – 3rd Quarter 2019 -5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$285,180	$302,000	$210,000	$319,900	78

Condos Sold – 3rd Quarter 2019 – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$111,343	$110,000	$94,500	$133.500	35

Twin Homes Sold – 3rd Quarter 2019 – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$236,000	$236,000	$222,000	$250,000	5

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus