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Wallingford PA Real Estate – April 2019

May 9, 2019 by admin

The month of April 2019 finished with 21 closed transactions in Wallingford, 2 more homes than last April. The average sales price dropped 11.1% to $334,150. Sales consisted of 16 single family homes, 3 townhomes, and 2 condos.

Single family homes sold for an average price of $364,806 and averaged 59 days on the market. Last April 15 single family homes sold for an average price of $362,127 after spending an average of 53 days on the market.

The highest selling price for the month was $589,000 for 210 Plush Mill Road.

There were 39 listings that went under contract during the month – 29 single family homes, 5 twins, 4 condos, and 1 townhouse. The average asking price was $379,938 and spent an average of 40 days on the market.

There are 36 future settlements scheduled with 16 on the books for May, 15 in June, 5 in July, and 1 in August.

Closed transactions for the first four months of the year are up by 3 homes over last year – 60 in 2018 and 63 in 2019. The average selling price has decreased $7,290 to $320,031 – which is a decrease of 2.2% compared to last year.

Wallingford PA Closed Transactions April 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
991 Putnam Blvd	TOWN	2	2.1	$171,000	04/03/19	33
812A Putnam Blvd	CONDO	2	1.0	$129,250	04/05/19	17
720 Beechwood Road	SNG	4	4.0	$370,000	04/05/19	72
601 Columbia Mills Court	TOWN	3	2.1	$410,000	04/08/19	1
414 Golfview Road	SNG	4	2.1	$470,000	04/11/19	48
1000 Putnam Blvd #201	CONDO	2	2.0	$160,000	04/11/19	84
4 Putters Lane	SNG	2	2.0	$267,500	04/19/19	8
209 Canterbury Drive	SNG	3	2.1	$360,000	04/19/19	29
614 Wallingford Avenue	SNG	3	1.0	$195,000	04/23/19	25
303 Callender Lane	SNG	4	2.1	$562,500	04/23/19	44
814 Pleasant Hill Road	SNG	3	2.0	$275,000	04/23/19	36
403 Sheffield Drive	SNG	4	2.1	$422,500	04/24/19	14
603 Georgetown Road	SNG	4	2.1	$385,000	04/25/19	19
209 Pine Road	SNG	3	1.1	$264,900	04/26/19	40
13 Berkshire Drive	SNG	5	2.1	$392,000	04/26/19	76
218 Hillsboro Mills Lane	TOWN	4	2.2	$310,000	04/29/19	44
20 Cedar Road	SNG	3	1.0	$192,500	04/29/19	176
305 Plush Mill Road	SNG	3	2.1	$450,000	04/30/19	48
210 Plush Mill Road	SNG	5	3.0	$589,000	04/30/19	46
119 Meadow Lane	SNG	2	1.0	$405,000	04/30/19	22
9 Leslie Lane	SNG	4	2.1	$236,000	04/30/19	241
AVERAGE				$334,150		53

* DOM = Days On Market

4 of 21 transactions sold with a Seller Assist:

– 720 Beechwood Road – $15,000

– 414 Golfview Road – $12,000

– 814 Pleasant Hill Road – $3,000

– 20 Cedar Road – $1,000

Financing Methods

– Conventional Mortgage – 11 transactions

– Cash – 6 transactions

– FHA Mortgage – 3 transactions

– Other (not specified) – 1 transaction

**WALLINGFORD SINGLE HOMES – APRIL 2019 – 16 SALES**
Avg Price	Median Price	Low	High	DOM*
$364,806	$377,500	$192,500	$589,000	59

**WALLINGFORD TOWNHOUSES – APRIL 2019 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$297,000	$310,000	$171,000	$410,000	26

**WALLINGFORD CONDOS – APRIL 2019 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$144,625	$144,625	$129,250	$160,000	51

**WALLINGFORD – APRIL 2018 VS APRIL 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	19	$375,968	49	96.8%	98.1%
2019	21	$334,150	53	98.0%	98.6%
	10.5%	-11.1%	6.1%	1.2%	0.5%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – April 29, 2019 To May 5, 2019

May 7, 2019 by admin

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

There are 73 homes listed for sale in Wallingford PA and Nether Providence Township on May 7, 2019 with an average asking price of $446,388.

Homeowners have been less transient the last few years. In the first quarter of 2019, homeowners who sold their homes had owned them an average of 8.05 years, down slightly from a record high of 8.17 in the fourth quarter of 2018, reports real estate research firm ATTOM Data Solutions. Still, that’s up a 7.75 year average recorded a year ago.

Prior to the Great Recession, from the first quarter of 2000 to the third quarter of 2007, homeownership tenure averaged just 4.21 years. Homeowners who stay longer, however, are seeing higher gains at resale. In the first quarter of this year, home sellers pocketed an average price gain of $57,500 since their purchase, which is an average 31.5% return on the purchase price, ATTOM Data Solutions reports

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 73 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$446,388	$435,000	$95,000	$1,175,000	61

Single Home Market Snapshot – 57 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$515,272	$490,000	$179,900	$1,175,000	65

Twin Home Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$241,266	$208,900	$99,999	$414,900	31

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$348,700	$352,450	$275,000	$414,900	101

Condo Market Snapshot – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,886	$133,500	$104,000	$145,900	18

Row Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$97,500	$97,500	$95,000	$100,000	65

*DOM = Days On Market

10 Wallingford PA homes went under contract

4 new listings came onto the market

1 listing expired

No listings were withdrawn from the market

63 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold April 29, 2019 To May 5, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
218 Hillsboro Mills Lane	TOWN	4	2,2	$310,000	04/29/19	44
20 Cedar Road	SNG	3	1.0	$192,500	04/29/19	176
305 Plush Mill Road	SNG	3	2.1	$450,000	04/30/19	48
210 Plush Mill Road	SNG	5	3.0	$589,000	04/30/19	46
119 Meadow Lane	SNG	2	1.0	$236,000	04/30/19	241
1102 Putnam Blvd	TOWN	2	2.1	$185,000	05/01/19	9
376A Saybrook Lane	CONDO	2	1.0	$130,000	05/03/19	26
AVERAGE				$298,929		84

20 Cedar Road sold with a $1,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Commissioners Approve Change Of Plans For Wallingford Avenue Development

May 1, 2019 by admin

NP Board Of Commissioners OK’ed Plans To Build 32 Homes On This Wallingford Avenue Lot

At it’s meeting on April 25, the The Nether Providence Township Board of Commissioners voted 4-2 to forward a sketch plan for a 32-unit development proposed for a wooded site on Wallingford Avenue to the township Planning Commission and county planners for their review.

The land is in the South Media section of the township, located adjacent to Sapovits Park had already been approved for 10 single-family homes on a cul de sac that would fetch an estimated $500,000 each. The board gave the approval for that plan on March 28.

But Malvern based developer Progressive New Homes has returned with an alternate plan calling for an eight-building development holding four duplex units each – for a total of 32 units – with the downstairs units likely to be priced at roughly $250,000 apiece and upstairs units at $375,000. The project would also be built closer to the busy roadway.

In order for the proposal to advance, the Planning Commission and county planners will have to support a change in zoning from R-3 to R-5 and thereby clear the way for the higher-density plan.

Plot Plan For The 5.02 Acre Lot

Wallingford Real Estate – Wallingford PA 19086

Wallingford PA Real Estate – April 22, 2019 To April 28, 2019

April 30, 2019 by admin

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

There are 73 homes listed for sale in Wallingford PA and Nether Providence Township on April 30, 2019 with an average asking price of $451,985.

The Tax Cuts and Jobs Act, an overhaul of the U.S. tax code enacted in 2017 that puts a cap on some deductions for homeowners, has “negatively impacted the housing market” by tamping down sales volume, according to a new study from the New York Federal Reserve. A slowdown in home sales from late 2017 through the third quarter of 2018 can be partially attributed to the changes in the tax law, in addition to interest rate hikes during that time, the study notes.

Lawrence Yun, chief economist for the National Association of REALTORS®, said in NAR’s March existing-home sales report that tax policy changes continue to impact some markets. “The lower-end market is hot while the upper-end market is not,” Yun noted. “The expensive home market will experience challenges due to the curtailment of tax deductions of mortgage interest payments and property taxes.”

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Wallingford Market Snapshot – 73 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$451,985	$450,000	$95,000	$1,175,000	59

Single Home Market Snapshot – 59 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$509,297	$475,000	$175,000	$1,175,000	63

Twin Home Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$241,266	$208,900	$99,999	$414,900	24

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$348,700	$352,450	$275,000	$414,900	94

Condo Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$126,560	$124,900	$104,000	$145,900	14

Row Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$97,500	$97,500	$95,000	$100,000	58

*DOM = Days On Market

6 Wallingford PA homes went under contract

8 new listings came onto the market

No listings expired

No listings were withdrawn from the market

64 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold April 22, 2019 To April 28, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
614 Wallingford Avenue	SNG	3	1.0	$195,000	04/23/19	25
303 Callender Lane	SNG	4	2.1	$562,500	04/23/19	44
814 Pleasant Hill Road	SNG	3	2.0	$275,000	04/23/19	36
403 Sheffield Drive	SNG	4	2.1	$422,500	04/24/19	14
209 Pine Road	SNG	3	1.1	$264,900	04/26/19	40
13 Berkshire Drive	SNG	5	2.1	$392,000	04/26/19	76
AVERAGE				$351,983		39

814 Pleasant Hill Road sold with a $3,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Shred And Fed – Free Paper Shredding Event – Saturday April 27, 2019

April 24, 2019 by admin

On Saturday, April 27, 2019 from 2 – 4 PM, Wallingford Presbyterian Church located at 110 East Brookhaven Road in Wallingford will be sponsoring a “Shred and Fed” event in the church parking lot. This event is free and open to the public – no businesses please. Bring your unwanted paper items to be shredded in a highly secure, mobile shredding unit operated by professionals from Docuvault Delaware Valley while you watch. Please bring paper only. Plastic bags, metal, binders, binder clips, spiral notebooks, credit cards, computer hard drives, wood, and other materials cannot be shredded. Paper clips and staples are acceptable.

While the event is free participants are asked to bring a donation of non-perishable food items for local food banks at Chester Eastside and City Team. Alternatively, you can make a monetary donation to these local food banks that provide much-needed support to our neighbors in Chester.

In the last two years, the event has produced more than 1,600 pounds of food and $1,200 for the two organizations.

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus