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Wallingford PA Real Estate

By Clark Kendus

Wallingford Avenue Development Moves Forward

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NP Planning Commission Granted Approval To Build 10 Homes On This Wallingford Avenue Lot

Malvern based Progressive New Homes has secured the unanimous backing of the Nether Providence Township Planning Commission it’s original proposal to build 10 single family homes on a five acre property on Wallingford Avenue.

The land is in the South Media section of the township, located adjacent to Sapovits Park. The houses would carry a price tag of about $500,000 each. Under the plan, two-thirds of the property will be developed while one-third will remain wooded.

A final decision on the plan is expected to be rendered later this month by the township board of commissioners. The developer is still in discussions with neighbors of the property about an alternative vision for the site. This option would involve 32 units in 16 buildings, with pairs of homes on two different levels in the same structures. The upstairs units would have two garages while the downstairs units would have a single garage. Costs for those units would range from $250,000 to $375,000, which the firm said could be affordable for those in the community.

The Township is aware of these discussions among the developer and members of the neighborhood regarding the rezoning of the property to allow for denser zoning. However, a formal request has not been brought before the Board at this time, and nothing is currently being considered.

Plot Plan For The 5.02 Acre Lot

Wallingford Real Estate – Wallingford PA 19086

Wallingford PA Real Estate – February 2019

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There were 11 closed transactions in Wallingford during February which bested last year’s total by 2 homes. The average selling price was substantially higher at $394,636 – an increase of 12.9% over last year.

All ten transaction were single family homes that sold for an average price of $410,600 during the month and averaged 89 Days On Market. Last February also recorded 9 singles homes selling for an average price of $381,313 and spending an average of 53 Days On Market.

214 N Providence Road had the highest selling price of the month at $673,000.

Sixteen listings went under contract during the month – 9 single family homes , 4 townhouses, 2 twins, and 1 condo – with an average asking price of $341,000 and an average of 32 Days On Market.

There are 18 future settlements scheduled – 10 in March, 5 in April, and 3 in May.

Sales are running slightly behind last year to date with 26 closed transactions for the first 2 months of 2019 compared to 28 last year. The average selling price at $341,327 represents a 3.5% increase over last year.

Wallingford PA Closed Transactions February 2019
ADDRESS TYPE BED BATH PRICE SETTLED DOM*
28 Furness Lane SNG 4 3.0 $620,000 02/01/19 41
215 Walnut Lane SNG 3 1.1 $253,000 02/07/19 62
514 W Brookhaven Road SNG 4 2.1 $365,000 02/0719 115
404 Crumwald Lane SNG 4 3.1 $615,000 02/15/19 149
301 Woodridge Lane SNG 3 1.0 $380,000 02/20/19 126
214 N Providence Road SNG 6 3.1 $673,000 02/22/19 73
329 N Providence Road SNG 4 2.0 $300,000 02/25/19 65
907 Surrey Road SNG 3 3.0 $360,000 02/26/19 42
304 Ryanard Road SNG 3 2.0 $200,000 02/26/19 118
503 Morris Lane SNG 4 2.0 $340,000 02/27/19 96
1126 Putnam Blvd TOWN 3 2.0 $235,000 02/28/19 64
AVERAGE $394,636 86

* DOM = Days On Market

4 of 11 transactions had a Seller Assist:

– 215 Walnut Road – $3,000

– 514 W Brookhaven Road – $5,250

– 404 Crumwald Lane – $2,500

– 907 Surrey Road – $3,000

Financing Methods

– Conventional Mortgage – 7 transactions

– Cash – 4 transactions

WALLINGFORD SINGLE HOMES – FEBRUARY 2019 – 10 SALES
Avg Price Median Price Low High DOM*
$410,600 $362,500 $200,673 $673,000 89
WALLINGFORD TOWNHOMES – FEBRUARY 2019 – 1 SALE
Avg Price Median Price Low High DOM*
$235,000 $235,000 $235,000 $235,000 86
WALLINGFORD – FEBRUARY 2018 VS FEBRUARY 2019
SALES AVERAGE DOM* % ORIG LIST % LAST LIST
2018 9 $349,500 52 93.5% 95.9%
2019 11 $394,636 86 91.6% 95.3%
18.2% 12.9% 65.4% -1.9% -0.6%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – March 4, 2019 To March 10, 2019

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Wallingford PA Real Estate - Wallingford - Wallingford Market Review

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

There are 48 homes listed for sale in Wallingford PA and Nether Providence Township on March 12, 2019 with an average asking price of $446,761.

Nationwide, the average price of a single-family home fell modestly to $249,400 in January, from $256,400 in December. The average home cost $261,600 in 2018 and $248,800 in 2017, according to new National Association of Realtors data, released Friday.

The modest down tick pushes the National Association of Realtors’ Housing Affordability Index to 155.8 points, compared to 155.3 in all of 2018.

The index, which has been published since in 1970, examines housing affordability based not only on median home prices, but also median family incomes and average mortgage interest rates. All three metrics improved this month – mortgage rates fell from 4.99% to 4.76% while the lowest income needed to buy an average house also fell slightly.

To buy a single-family home at the national median price, a family needs an overall income of $50,016 – down from $52,800 last month. Meanwhile, the percentage of income that a family will spend on their mortgage fell to 16.1% from 17.0%.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 54 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$446,761 $422,000 $80,000 $1,175,000 76
Single Home Market Snapshot – 43 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$509,221 $475,000 $175,000 $1,175,000 72
Twin Home Market Snapshot – 2 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$89,999 $109,999 $89,999 $109,999 46
Townhouse Market Snapshot – 4 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$338,475 $319,950 $275,000 $439,000 96
Condo Market Snapshot – 3 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$161,567 $95,000 $129,900 $184,900 73
Row Home Market Snapshot – 2 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$95,000 $95,000 $80,000 $110,000 136

*DOM = Days On Market

8 Wallingford PA homes went under contract

6 new listings came onto the market

1 listing expired

1 listings was withdrawn from the market

34 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold March 4, 2019 To March 10, 2019
ADDRESS TYPE BED BATH PRICE SETTLED DOM*
10 Leslie Lane SNG 4 2.1 $314,000 03/08/19 71
AVERAGE $314,000 71

Wallingford PA Real Estate – Wallingford, PA 19086

2019 Nether Providence Township Summer Recreation Program

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Nether Providence Township has announced the return of it’s always popular Summer Camp for 2019. The camp is for children entering kindergarten through 6th grade as of September 2019. The camp will run from June 24, 2019 to July 25, 2019 and will be held at Nether Providence Elementary School (NPE). Camp hours run from 8:30 AM to 12:00 PM – Monday Thru Thursday.

Fees for the 5 week program are $285 for kindergartners and $260 for older attendees. Registration will take place daily beginning Monday April 8, 2019 at the Nether Providence Township Building located at 214 Sykes Lane, Wallingford, PA. Hours for registration are from 9:00 AM until 5:00 PM – Monday thru Friday.

Registration Forms:

Kindergarten Registration Form

1st Through 6th Grade Registration Form

Questions regarding the Summer Program can be diredted to Maureen Feyas, at 610-566-4516, or by email at mfeyas@netherprovidence.org

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 25, 2019 To March 3, 2019

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Wallingford PA Real Estate - Wallingford - Wallingford Market Review

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

There are 48 homes listed for sale in Wallingford PA and Nether Providence Township on March 5, 2019 with an average asking price of $481,016.

More Americans are becoming homeowners. The national homeownership rate increased slightly to the highest level since 2014 in the fourth quarter of 2018, reaching 64.8%, the U.S. Census Bureau reported this week. The home ownership rate has been gradually increasing since reaching an all-time low of 62.9% in the second quarter of 2016.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 48 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$481,016 $442,250 $89,999 $1,175,000 82
Single Home Market Snapshot – 41 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$523,905 $475,000 $175,000 $1,175,000 81
Twin Home Market Snapshot – 2 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$89,999 $109,999 $89,999 $109,999 39
Townhouse Market Snapshot – 3 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$351,300 $339,900 $275,000 $439,000 121
Condo Market Snapshot – 2 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$177,400 $177,400 $169,900 $184,900 100

8 Wallingford PA homes went under contract

7 new listings came onto the market

No listings expired

No listings were withdrawn from the market

32 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold February 25, 2019 To March 3, 2019
ADDRESS TYPE BED BATH PRICE SETTLED DOM*
329 N Providence Road SNG 4 2.0 $300,000 02/25/19 65
907 Surrey Road SNG 3 3.0 $360,000 02/26/19 42
AVERAGE $330,000 54

907 Surrey Road sold with a $3,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

S. Clark Kendus

Sales Associate

Cavanagh Real Estate
112 West Front Street
Media, PA 19063
Cell: (610)-322-6734
Office: (610) 565-4100

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