The month of April 2016 finished with 14 closed sales in Wallingford falling 4 homes short of last April. The average sales price was $294,714 which represents a 4.8% decrease in the average selling price over 2015. The 14 sales consisted of 10 single family homes, 3 townhouses, and 1 condo. Single family homes sold for an average price of $354,550 and averaged 84 days on the market. Last April 13 single family homes sold for an average price of $379,369 and averaged 67 days on the market.

The highest selling price for the month was $696,500 for 733 Hemlock Road.

There were 27 listings that went under contract during the month – 21 single family homes and 6 townhouses. The average asking price was $345,948.

There are 50 future settlements scheduled with 28 on the books for May, 17 in June, and 5 in July.

Wallingford PA Closed Home Transactions April 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1024 Putnam Blvd	2	2.1	$157,000	04/01/16	72
205 Martroy Lane	4	2.0	$535,000	04/01/16	3
810 Parkridge Drive	3	2.1	$325,000	04/07/16	298
406 Austin Court	2	1.0	$34,000	04/12/16	31
1000 Putnam Blvd #507	1	1.0	$82,000	04/14/16	313
15 Brookside Road	5	4.1	$630,000	04/15/16	252
1310 Putnam Blvd	2	2.1	$159,500	04/15/16	205
109 Treetop Lane	2	1.0	$135,500	04/19/16	45
733 Hemlock Road	4	4.1	$696,500	04/20/16	6
630 Morris Lane	3	2.1	$337,500	04/28/16	166
1096 Putnam Blvd	3	2.1	$182,000	04/28/16	29
624 Georgetown Road	4	1.2	$235,000	04/28/16	10
723 Windsor Place	4	2.1	$337,000	04/29/16	25
110 Westminster Drive	4	2.0	$280,000	04/29/16	2

* DOM = Days On Market

6 of 14 transactions had a Seller Assist:

– 1024 Putnam Blvd – $4,710

– 810 Parkridge Drive – $3,200

– 1000 Putnam Blvd #507 – $2,000

– 1310 Putnam Blvd – $4,500

– 630 Morris Lane – $9,950

– 723 Windsor Place – $10,110

Financing Methods

– Conventional Mortgage – 12 transactions

– Cash – 1 transactions

– VA Mortgage – 1 transaction

109 Treetop Lane was a Bank Owned Forclosure.

WALLINGFORD SINGLE HOMES – APRIL 2016 – 10 SALES

Avg Price	Median Price	Low	High	DOM*
$345,550	$331,000	$334,000	$696,500	84

WALLINGFORD TOWNHOUSES – APRIL 2016 – 3 SALES

Avg Price	Median Price	Low	High	DOM*
$166,167	$159,500	$157,000	$182,000	102

WALLINGFORD CONDOS – APRIL 2016 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$82,000	$82,000	$82,000	$82,000	313

WALLINGFORD – APRIL 2015 VS APRIL 2016

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	18	$309,489	96	93.3%	95.4%
2016	14	$294,714	104	92.0%	96.5%
	-22.2%	-4.8%	12.5%	-1.3%	1.1%

Wallingford PA Real Estate – Wallingford, PA 19086

With 14 closed transactions during March home sales in Wallingford PA home sales posted an increase of 5 homes over last year. The average selling price was $286,657 – eking out an slight increase of just under 1% year over year. $4,013,199 in real estate changed hands during the month.

Eleven single family homes sold for an average price of $298,382 during the month and averaged 84 Days On Market. A spike in foreclosure sales – with 4 single family homes being Bank Owned drove the average price down for single homes as well as the overall market. Last March 6 single family homes sold for an average price of $371,629 and spent an average of 106 Days On Market.

300 Melanies Way had the highest selling price for the month at $630,000.

Buyers were busy during the month with 29 homes going under contract during the month – 22 single family homes, 4 townhomes and 3 twins – with an average asking price of $348,912 and an average of 85 Days On Market.

There are 32 future settlements scheduled with 19 in April, 19 in May, and 4 in June.

After the 1st quarter of 2016 a total of 31 homes have sold equaling the volume of last year’s 1st quarter. The average sales price saw an increase to $277,542 from last year where it stood at $267,675, representing a 3.7% increase.

Wallingford PA Closed Transactions March 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
200 W Rose Valley Road	4	2.1	$340,000	03/01/16	84
701 Manchester Avenue	4	2.1	$130,200	03/01/16	11
719 Kincaid Mills Lane	3	2.1	$378,000	03/04/16	128
909 Twyckenham Road	4	2.1	$358,700	03/07/16	5
14 Walnut Road	3	1.1	$113,000	03/08/16	249
715 Pine Ridge Road	5	3.1	$450,000	03/10/16	66
115 Cameron Drive	4	2.1	$355,000	03/10/16	8
300 Melanies Way	4	4.1	$630,000	03/11/16	253
1000 Putnam Blvd #202	3	2.0	$193,000	03/15/16	101
100 Emerald Street	3	1.1	$220,000	03/18/16	7
408 Nashville Court	3	1.0	$61,299	03/21/16	96
1000 Putnam Blvd	2	2.0	$160,000	03/28/16	135
219 Engle Drive	3	2.1	$399,000	03/31/16	6
744 Windsor Place	4	2.1	$225,000	03/31/16	31
AVERAGE			$286,657		84

* DOM = Days On Market

4 of 14 transactions had a Seller Assist:

– 115 Cameron Drive – $2,250

– 300 Melanies Way – $25,000

– 1000 Putnam Blvd #303 – $10,000

– 219 Engle Drive – $3,500

Financing Methods

– Conventional Mortgage – 6 transactions

– Cash – 8 transactions

There were 4 Bank Owned Foreclosure sales during the month:

– 701 Manchester Road

– 14 Walnut Road

– 408 Nashville Court

– 744 Windsor Place

WALLINGFORD SINGLE HOMES – MARCH 2016 – 11 SALES

Avg Price	Median Price	Low	High	DOM*
$298,382	$340,000	$61,299	$630,000	84

WALLINGFORD CONDOS – MARCH 2016 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$176,500	$176,500	$160,000	$193,000	118

WALLINGFORD TOWNHOMES- MARCH 2016 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$378,000	$378,000	$378,000	$378,000	128

WALLINGFORD – MARCH 2015 VS MARCH 2016

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	9	$284,364	88	92.5%	96.5%
2016	14	$286,657	84	95.3%	101.1%
	55.6%	0.008%	-4.6%	2.8%	4.6%

Wallingford PA Real Estate – Wallingford, PA 19086

With 8 closed transactions during February home sales in Wallingford PA fell short of last year by 3 homes. The average selling price was $210,325 – a decrease of 16.7% year over year.

Five single family homes sold for an average price of $256,360 during the month and averaged a mere 27 Days On Market. Last February 10 single family homes sold for an average price of $255,780 and spent an average of 124 Days On Market.

Two condominiums, and 1 twin also sold during the month and combined with the 5 single homes accounted for $1,682,600 of real estate changing hands during the month.

221 W Rose Valley Road had the highest selling price for the month at $375,000.

Eighteen listings went under contract during the month – 14 single family homes, 3 condos, and 1 townhome – with an average asking price of $353,833 and an average of 103 Days On Market.

There are 24 future settlements scheduled with 15 in March, 7 in April, and 2 in May.

Comparing year to date with last year the average selling price at $270,288 represents a 4.0% increase over the first two months of 2015. Closed transactions are running behind last year’s pace – 16 in 2016 vs 22 in 2015.

Wallingford PA Closed Transactions February 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
1000 Putnam Blvd #403	2	2.0	$172,500	02/08/16	249
606 Creekside Road	4	3.1	$348,500	02/10/16	20
221 W Rose Valley Road	4	2.0	$375,000	02/12/16	5
308 Beatty Road	4	2.1	$273,300	02/17/16	7
334B Saybrook Lane	2	1.0	$90,700	02/26/16	151
506 Maple Road	3	1.1	$85,000	02/26/16	22
105 Ronaldson Street	3	1.0	$137,600	02/29/16	216
104 Chestnut Parkway	4	2.0	$200,000	02/29/16	80
AVERAGE			$332,250		47

* DOM = Days On Market

4 of 8 transactions had a Seller Assist:

– 606 Creekside Road – $10,000

– 221 W Rose Valley Road – $15,000

– 334B Saybrook Lane – $2,000

– 104 Chestnut Parkway – $6,000

Financing Methods

– Conventional Mortgage – 5 transactions

– Cash – 3 transactions

308 Beatty Road was a Bank Owned Foreclosure

WALLINGFORD SINGLE HOMES – FEBRUARY 2016 – 5 SALES

Avg Price	Median Price	Low	High	DOM*
$256,360	$273,300	$85,000	$375,000	27

WALLINGFORD CONDOS – FEBRUARY 2016 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$131,600	$131,600	$90,700	$172,500	200

WALLINGFORD TWINS – FEBRUARY 2016 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$137,600	$137,600	$137,600	$137,600	216

WALLINGFORD – FEBRUARY 2015 VS FEBRUARY 2016

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	11	$252,441	126	86.1%	97.5%
2016	8	$210,325	94	93.8%	96.5%
	-27.3%	-16.7%	-25.4%	7.7%	1.0%

Wallingford PA Real Estate – Wallingford, PA 19086

January home sales in Wallingford PA fell short of last January by 3 homes with 8 homes sold versus 11 homes sold last year. However the average selling price climbed to $332,250 – a 23.4% increase over last year. January sales were comprised of 4 single family homes, 2 condominiums, and 2 townhouses. A total of $2,658,000 in real estate changed hands during the month.

January’s 4 single family homes sold for an average price of $468,500 and averaged only 32 days on the market. Last January 9 single family homes sold for an average price of $313,033 and spent an average of 101 days on the market. This marks a 49.7% increase in the average selling price.

506 Moylan Avenue had the highest selling price for the month at $750,000.

Ten listings went under contract during the month – all single family homes – with an average asking price of $271,370 and an average of 61 Days On Market.

There are 13 future settlements scheduled with 8 in February, 4 in March, and 1 in April.

Wallingford PA Closed Home Transactions January 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
211 Sykes Lane	4	2.0	$360,000	01/06/16	4
206 Cricket Lane	4	2.1	$389,000	01/12/16	4
128 Dundee Mills Lane	3	2.1	$370,000	01/13/16	71
340B Saybrook Lane	2	1.0	$96,000	01/22/16	18
700 Avondale Road #2E	2	2.0	$115,000	01/26/16	15
985 Putnam Blvd	3	2.1	$203,000	01/29/16	142
739 Pine Ridge Road	4	2.1	$375,000	01/29/16	85
506 Moylan Avenue	4	3.1	$750,000	01/20/16	35
AVERAGE			$332,250		47

* DOM = Days On Market

3 of 8 transactions had a Seller Assist:

– 211 Sykes Lane – $4,300

– 206 Cricket Lane – $5,000

– 985 Putnam Blvd – $4,060

Financing Methods

– Conventional Mortgage – 6 transactions

– Cash – 1 transaction

– FHA Mortgage -1 transaction

WALLINGFORD SINGLE HOMES – JANUARY 2016 – 4 SALES

Avg Price	Median Price	Low	High	DOM*
$468,500	$382,000	$360,000	$750,000	32

WALLINGFORD CONDOS – JANUARY 2016 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$105,500	$105,500	$96,000	$115,000	17

WALLINGFORD TOWNHOUSES – JANUARY 2016 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$286,500	$286,500	$203,000	$370,000	107

WALLINGFORD – JANUARY 2015 VS JANUARY 2016

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2015	11	$269,255	92	89.8%	94.5%
2016	8	$332,250	47	96.2%	97.9%
	-27.2%	23.4%	-46.4%	6.4%	3.4%

Wallingford PA Real Estate – Wallingford, PA 19086