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Wallingford PA Real Estate – February 18, 2019 To February 24, 2019

February 26, 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 February 26, 2019 with an average asking price of $454,279.

Mortgage rates inched lower for the third consecutive week. Freddie Mac Chief Economist Sam Khater says the lower rates bode well for the spring home buying season, typically the busiest time of the year for home shopping.

“Mortgage rates … [are] continuing the general downward trend that began late last year,” Khater says. The National Association of REALTORS® reported this week that more houses were on the market in January, rising to 1.59 million nationwide and at a 3.9-month supply at the current sales pace.

Freddie Mac reports the following national averages for mortgage rates for the week ending Feb. 21:

30-year fixed-rate mortgages: averaged 4.35% ,with an average 0.5 point, dropping from last week’s 4.37 percent average. Last year at this time, 30-year rates averaged 4.40%.
15-year fixed-rate mortgages: averaged 3.78%, with an average 0.4 points, falling from last week’s 3.81% average. A year ago at this time, 15-year rates averaged 3.85%.
5-year hybrid adjustable-rate mortgages: averaged 3.84%, with an average 0.3 point, falling from last week’s 3.88% average. A year ago, 5-year ARMs averaged 3.65%.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 43 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$454,279	$405,000	$75,000	$1,175,000	85

Single Home Market Snapshot – 33 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$529,875	$489,000	$175,000	$1,175,000	90

Twin Home Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$91,666	$89,999	$75,000	$109,999	41

Townhouse Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$283,780	$275,000	$180,000	$439,000	76

Condo Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$177,400	$177,400	$169,900	$184,900	93

6 Wallingford PA homes went under contract

10 new listings came onto the market

No listings expired

No listings were withdrawn from the market

27 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold February 18, 2019 To February 24, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
301 Woodridge Lane	SNG	3	1.0	$380,000	02/20/19	126
4214 N Providence Road	SNG	6	3.1	$673,000	02/22/19	73
AVERAGE				$526,500		100

Neither home sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 11, 2019 To February 17, 2019

February 19, 2019 by admin

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

There are 36 homes listed for sale in Wallingford PA and Nether Providence Township on February 19, 2019 with an average asking price of $455,116.

Millennials are facing plenty of roadblocks to homeownership: high student loan debt, record high home values, stagnating incomes, and high rents. Yet, in particular areas of the country, these young adults are still increasingly finding ways to become homeowners.

SmartAsset, a personal finance website, recently ranked places based on where millennials are buying the most homes. They looked at the current rate of millennial homeownership and compared it to 10 years ago.

Overall, millennial homeownership is down across the 200 cities analyzed, researchers note. Only 42 cities have seen an uptick in millennial homeownership rates.

Also, researchers found that home values alone were not a significant factor in where millennials are buying. The top 25 cities were millennials are buying homes had an average median home value of $294,000 whereas the 25 cities where millennials are buying the fewest number of homes averaged near that at $284,300.

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Wallingford Market Snapshot – 36 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$455,166	$387,000	$94,999	$1,175,000	97

Single Home Market Snapshot – 27 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$543,981	$495,000	$175,000	$1,175,000	105

Twin Home Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$104,333	$94,999	$94,999	$109,999	34

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$298,000	$275,000	$180,000	$439,000	115

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$163,233	$169,900	$134,900	$184,900	65

5 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

No listings were withdrawn from the market

26 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold February 11, 2019 To February 17, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
404 Crumwald Lane	SNG	4	3.1	$615,000	02/15/19	149
AVERAGE				$615,000		149

404 Crumwald Lane sold with a $2,500 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 28, 2019 To February 10, 2019

February 12, 2019 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 February 12, 2019 with an average asking price of $400,714.

Borrowing costs were cheaper this week, as mortgage rates continued inching down. “The U.S. economy remains on solid ground, inflation is contained, and the threat of higher short-term rates is fading from view, which has allowed mortgage rates to drift down to their lowest level in 10 months,” says Sam Khater, Freddie Mac’s chief economist. “This is great news for consumers who will be looking for homes during the upcoming spring homebuying season. Mortgage rates are essentially similar to a year ago, but today’s buyers have a larger selection of homes and more consumer bargaining power than they did the last few years.”

Freddie Mac reports the following averages with mortgage rates for the week ending Feb.7:

30-year fixed-rate mortgages: averaged 4.41%, with an average 0.4 point, dropping from last week’s 4.46% average. Last year at this time, 30-year rates averaged 4.32%.
15-year fixed-rate mortgages: averaged 3.84%, with an average 0.4 point, dropping from last week’s 3.89% average. A year ago, 15-year rates averaged 3.77%t.
5-year hybrid adjustable-rate mortgages: averaged 3.91% with an average 0.3 point, falling from last week’s 3.96% average. A year ago, 5-year ARMs averaged 3.57%.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 35 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$400,714	$349,900	$95,000	$1,140,000	93

Single Home Market Snapshot – 23 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$514,587	$495,000	$175,000	$1,140,000	107

Twin Home Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,225	$109,000	$95,000	$199,900	71

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$272,975	$236,450	$180,000	$439,000	84

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$163,233	$169,900	$134,900	$184,900	58

Row Home Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$95,000	$95,000	$95,000	$95,000	14

*DOM = Days On Market

6 Wallingford PA homes went under contract

6 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

21 homes are Under Contract at this time

8 Wallingford PA homes sold

Wallingford Homes Sold January 28, 2019 To February 10, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
833 Surrey Lane	SNG	3	2.1	$334,000	01/28/19	40
501 Vernon Street	TWIN	4	1.0	$245,000	01/28/19	68
418 Oak Valley Road	SNG	3	2.0	$400,000	01/30/19	60
700 Avondale Road #2J	CONDO	2	2.0	$132,000	01/30/19	79
673 Niblick Lane	TOWN	2	2.0	$297,500	01/31/19	240
2 Bullens Lane	SNG	4	4.1	$617,500	01/31/19	301
215 Walnut Lane	SNG	3	1.1	$253,000	02/07/19	62
514 W Brookhaven Road	SNG	4	2.1	$365,000	02/07/19	115
AVERAGE				$347,500		121

5 homes sold with a Seller Assist

– 833 Surrey Lane – $11,000

– 418 Oak Valley Road – $12,000

– 2 Bullens Lane – $400

– 215 Walnut Lane – $3,000

– 514 W Brookhaven Road – $5,250

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 2019

February 10, 2019 by admin

Longwood Gardens – A Hint Of Spring From January’s Annual Orchid Extravaganza

January 2019 home sales in Wallingford PA declined by 4 homes over last year with 15 closed transactions. The average selling price was $302,233 – a 5.6% drop over last year. January sales consisted of 9 single family homes, 2 twins, 2 townhouses, and 2 condos. A total of $4,533,499 in real estate changed hands during the month.

January’s 9 single family homes sold for an average price of $377,944 and averaged 92 days on the market. Last January 15 single family homes sold for an average price of $363,832 and averaged 117 days on the market.

2 Bullens Lane had the highest selling price for the month at $617,500.

Nine listings went under contract during the month – 5 singles, 3 townhouses, and 1 condo – with an average asking price of $277,522 and an average of 72 Days On Market.

There are 17 settlements scheduled with 12 in February and 5 in March.

Wallingford PA Closed Home Transactions January 2019
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
647 Niblick Lane	3	2.1	$250,000	01/04/19	205
719 Hemlock Road	3	2.1	$375,000	01/07/19	141
446 Vernon Street	3	1.0	$212,000	01/09/19	25
800 Avondale Road #3N	1	1.0	$89,999	01/10/19	5
512 Hastings Avenue	2	1.0	$253,000	01/17/19	48
609 School Lane	4	1.1	$290,000	01/17/19	239
504 Scott Lane	5	2.1	$423,000	01/17/19	190
611 W Wiltshire Drive	3	3.0	$144,500	01/23/19	183
616 Georgetown Road	4	2.1	$334,000	01/25/19	55
833 Surrey Lane	3	2.1	$470,000	01/28/19	40
501 Vernon Street	4	1.0	$245,000	01/28/19	68
418 Oak Valley Road	3	2.0	$400,000	01/30/19	60
700 Avondale Road #2J	2	2.0	$132,000	01/30/19	79
673 Niblick Lane	2	2.0	$297,500	01/31/19	240
2 Bullens Lane	4	4.1	$617,500	01/31/19	301
AVERAGE			$302,233		104

* DOM = Days On Market

5 of 15 transactions had a Seller Assist:

– 512 Hastings Avenue – $12.250

– 616 Georgetown Road – $8,000

– 833 Surrey Lane – $11,000

– 418 Oak Valley Road – $12,000

– 2 Bullens Lane – $4,000

Financing Methods

– Conventional Mortgage – 11 transactions

– Cash – 2 transactions

– FHA Mortgage – 1 transaction

– OtherFinancing – 1 transaction

616 Georgetown Road was a Bank owned foreclosure

**WALLINGFORD SINGLE HOMES – JANUARY 2019 – 9 SALES**
Avg Price	Median Price	Low	High	DOM*
$377,944	$375,000	$212,000	$617,500	87

**WALLINGFORD TWINS – JANUARY 2019 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$194,750	$195,750	$144,500	$245,000	126

**WALLINGFORD TOWNHOUSES – JANUARY 2019 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$273,750	$273,750	$250,000	$297,500	223

**WALLINGFORD CONDOS – JANUARY 2019 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$111,000	$111,000	$89,999	$132,000	42

**WALLINGFORD – JANUARY 2018 VS JANUARY 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	19	$320,262	94	93.2%	95.8%
2019	15	$302,233	104	91.7%	96.6%
	-21.1%	-5.6%	10.6%	-1.5%	0.8%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford-Swarthmore Seeking 3.2% Tax Hike

February 9, 2019 by admin

Taxes in the Wallingford-Swarthmore School District would increase by 3.2% under a proposed budget for fiscal year 2019-2020.

The school board is expected to vote on the preliminary plan during its meeting on Monday, February 11. Final adoption of the budget is scheduled for June 10. Wallingford-Swarthmore is permitted under the state’s Act 1 Index to boost taxes by 2.3%. However, the district intends to make use of a 0.9% exception for special education costs that would clear the way for the higher rate.

For a home assessed at the district average of $179,000, with a current annual school tax bill of $8,100, the change will result in an additional $260 in taxes.

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus