January 2015 recorded 11 settlements in Wallingford PA which is 1 less than last year’s total. The average sale price during the month was $269,255 with 9 single home sales and 2 twin home sales. No townhomes or condos were sold during the month.

The average sales price rose 49.1% over last year when prices were adversely affected by 3 distressed property sales and 4 sales of homes les than $100,000.

The average price for the 9 singles sold was $313,033 with 1 bank owned foreclosure transaction.

A dozen homes were under contract during this first month of the year. Buyers purchased 11 single family homes and 1 townhomes with an average asking price of $341,267.

WALLINGFORD PA HOMES SOLD – JANUARY 2015

Address	Bed	Bath	Price	DOM*	Settled
408 E Country Club Lane	4	2.2	$400,000	2	01/05/15
216 Grandview Road	3	2.0	$410,000	8	01/06/15
412 W Rose Valley Road	5	4.0	$385,000	91	01/06/15
305 Media Parkway	3	1.0	$106,500	144	01/12/15
205 Sherwood Lane	4	2.1	$570,000	58	01/15/15
339 Plush Mill Road	2	1.1	$312,000	41	01/15/15
13 Waterville Road	3	2.1	$162,500	242	01/16/15
211 Canterbury Drive	4	2.1	$271,500	188	01/21/15
208 Pine Road	3	1.1	$199,800	83	01/23/15
404 Nashville Court	2	1.0	$46,500	27	01/23/15
411 Albany Court	2	1.0	$98,000	73	01/24/15

* DOM = Days On Market

Six of the 11 Wallingford PA homes sold in January 2015 had a Seller Assist:

– 408 E Country Club Lane – $1,200

– 216 Grandview Road – $6,000

– 305 Media Parkway – $5,000

– 211 Canterbury Drive – $13,700

– 208 Pine Road – $11,988

– 411 Albany Court – $2,940

Financing Methods

– Conventional Mortgage – 6 transactions

– Cash – 3 transactions

– FHA Mortgage -2 transactions

There were 2 Bank Owned Foreclosure sales in January:

– 305 Media Parkway

– 404 Nashville Court

Wallingford PA Single Homes Sold January 2015 – 9 Sales

Avg Price	Median Price	Low	High	Days Listed
$313,033	$312,000	$106,500	$570,000	95

Wallingford PA Twin Homes Sold January 2015- 2 Sales

Avg Price	Median Price	Low	High	Days Listed
$72,250	$72,250	$46,500	$98,000	50

 

WALLINGFORD PA – JANUARY 2014 VS JANUARY 2015

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2014	12	$180,646	80	85.38%	90.55%
2015	11	$269,255	87	89.83%	94.49%
	-8.3%	49.1%	8.8%	4.45%	3.94%

* DOM = Days On Market

Looking ahead to upcoming activity, there are 17 homes pending with 9 scheduled to settle in February, 7 in March, and 1 in April

Wallingford PA Real Estate – Wallingford, PA 19086

September 2014 halts the streak of 8 straight months where Wallingford PA sales have exceeded the same month of 2013. The average selling price for September 2014 saw an decrease of 3.3% over last year to $316,315. Closed sales fell by 7 homes – a 35% drop – in September, falling to 13, down from 20 homes last year. September joins 7 other months this year where the average selling price has failed to better last year’s figures.

There were 8 single detached family homes sold with an average selling price of $316,615. This core category registered a decrease of 8.0% compared to September 2013 when the average selling price for 18 single family homes sold was $344,178.

The 89.43% settled to original price ratio in September indicates there was a lot of price cutting for homes sold during the month. Last year the ratio was 6.39% higher meaning sellers received 95.82% of original asking price on average.

There were 13 homes that went under contract during the month.

WALLINGFORD PA HOMES SOLD – SEPTEMBER 2014

Address	Bed	Bath	Price	DOM*	Settled
210 Highland Avenue	5	3.1	$500,000	113	09/10/14
100 Townsend Terrace	4	2.0	$425,000	36	09/10/14
512 W Brookhaven Road	4	2.1	$305,000	10	09/15/14
215 N Providence Road	5	2.1	$485,000	38	09/16/14
613 Niblick Lane	2	2.1	$280,000	47	09/18/14
308 Media Parkway	3	1.1	$142,000	33	09/19/14
904 Penn Valley Road	4	3.0	$528,000	95	09/19/14
128 Dundee Mills Lane	3	2.1	$399,000	163	09/22/14
705 Salem Court	2	1.0	$100,000	11	09/25/14
26 Mallard Mill Run	3	3.1	$270,000	64	09/26/14
120 Turner Road	3	2.1	$522,500	92	09/26/14
600 Wallingford Avenue	4	2.0	$42,000	223	09/26/14
730A Putnam Blvd	2	1.0	$117,500	6	09/30/14

* DOM = Days On Market

2 of the 13 Wallingford PA homes sold in September 2014 had a Seller Assist:

– 100 Townsend Terrace – $500

– 613 Niblick Lane – $1,500

Financing Methods

– Cash – 7 transactions

– Conventional Mortgage -6 transactions

There was 1 reported distressed sale this month:

600 Wallingford Avenue was a Bank Owned Foreclosure

Wallingford PA Single Homes Sold September 2014 – 8 Sales

Avg Price	Median Price	Low	High	Days Listed
$316,615	$305,000	$42,000	$528,000	72

Wallingford PA Twins Sold September 2014 – 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$100,000	$100,000	$100,000	$100,000	11

Wallingford PA Condos Sold September 2014 – 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$117,500	$117,500	$117,500	$117,500	6

Wallingford PA Townhouses Sold September 2014 – 3 Sales

Avg Price	Median Price	Low	High	Days Listed
$316,333	$280,000	$270,000	$399,000	91

WALLINGFORD PA – SEPTEMBER 2013 VS SEPTEMBER 2014

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2013	20	$327,010	86	95.82%	97.12%
2014	13	$316,315	72	89.43%	93.71%
	-35.0%	-3.3%	-16.3%	-6.39%	-3.41%

* DOM = Days On Market

Looking ahead to upcoming activity, there are 13 homes Pending with 10 scheduled to settle in October, 2 in November, and 1 in December.

Wallingford PA Real Estate – Wallingford, PA 19086