March 2014 recorded 14 closed sales in Wallingford PA which surpasses last year monthly total by 6 homes. Statistics for March were skewed by 4 sales under $75,000 which accounted for 21% of units for the month which was an unusual occurance. During all of 2013 there were only 4 sales under $75,000 in the entire year, accounting for only 2.1% of total units sold. The 700 block of Pennsylvania Avenue accounted for 3 of the 4 lower priced homes sold.

Wallingford’s average selling price dropped by $111,224, a 33.57% decrease.

The overall average sale price during February dropped 26.6% when compared to last year. For the core category of single family detached homes the average price price dropped from $328,684 last March to $308,844, a 6% drop. Buyer demand continued to be strong with 16 homes that went under contract during the month, 5 of which sold in less than 3 weeks.

WALLINGFORD PA HOMES SOLD – MARCH 2014

Address	Bed	Bath	Price	DOM*	Settled
505 Maple Road	3	1.0	$145,000	497	03/07/14
306 Woodridge Lane	3	2.1	$305,000	50	03/14/14
10 Meadow Lane	5	3.1	$420,000	16	03/14/14
752 Pennsylvania Avenue	3	1.0	$55,000	15	03/14/14
983 Putnam Blvd	3	2.1	$209,500	16	03/14/14
106 Manchester Road	3	1.1	$415,000	5	03/14/14
441 Saybrook Lane	2	2.1	$152,000	105	03/19/14
834A Putnam Blvd	2	1.0	$74,500	144	03/21/14
731 Pennsylvania Avenue	3	1.0	$60,000	164	03/21/14
720 Pennsylvania Avenue	3	1.0	$60,000	60	03/27/14
211 Ridley Drive	3	2.0	$202,000	129	03/28/14
405 Turner Road	3	2.1	$333,750	149	03/31/14
216 N Providence Road	6	2.1	$470,000	9	03/31/14

* DOM = Days On Market

 

Six of the 14 Wallingford PA homes sold in March 2014 had a Seller Assist:

– 505 Maple Road – $7,350

-306 Woodridge Lane – $5,350

– 10 Meadow Lane – $800

– 211 Ridley Drive – $2,000

– 405 Turner Road – $10,500

 

Financing Methods

– Conventional Mortgage – 7 transactions

– Cash – 7 transactions

 

There was 1 distressed property sale in March – 731 Pennsylvania Avenue was a Short Sale

 

Wallingford PA Single Homes Sold March 2014 – 8 Sales

Avg Price	Median Price	Low	High	DOM
$308,444	$319,375	$145,000	$470,000	136

Wallingford PA Row Homes Sold March 2014 – 3 Sales

Avg Price	Median Price	Low	High	DOM
$58,333	$60,000	$55,000	$60,000	80

Wallingford PA Townhomes Sold March 2014 – 2 Sales

Avg Price	Median Price	Low	High	DOM
$180,750	$180,750	$152,000	$209,500	61

Wallingford PA Condos Sold March 2014 – 1 Sale

Avg Price	Median Price	Low	High	DOM
$74,500	$74,500	$74,500	$74,500	144

 

WALLINGFORD PA – MARCH 2013 VS MARCH 2014

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2013	8	$331,349	125	94.14%	97.53%
2014	14	$220,125	114	88.11%	92.61%
	75.0%	-33.57%	-7.2%	-6.03%	-4.92%

* DOM = Days On Market

 

Looking ahead to upcoming activity, there are 14 homes scheduled to settle in April, 8 in May, and 7 in June.

 

Wallingford PA Real Estate – Wallingford, PA 19086

February 2014 recorded 12 closed sales in Wallingford PA which surpasses last year monthly total by 2 homes, a good showing for a typically slow month that has averaged 8 sales over the past 6 years. February was noteworthy in that it saw the sale of a $1 million plus property which is a rather unusual occurrence locally – the last one recorded was in 2007. There was also an unusual amount of activity in the higher end of the Wallingford townhouse market with a sale in Mallard Mill Run, Avondale Springs, and Mills @ Rose Valley.

The average price for single homes was skewed by the million dollar sale and came in at $502,720, but thanks to an unusual single home sales spike last February that included 3 homes that exceeded $650K and averaged $526,613, statistically the average price was down by 4.5% for the core single family home category.

The overall average sale price during February dropped 26.6% when compared to last year.

Single homes fared well in respect to Days On Market, averaging only 66 days, with 5 going under contract in less than 4 weeks.

 

WALLINGFORD PA HOMES SOLD – FEBRUARY 2014

Address	Bed	Bath	Price	DOM*	Settled
1018 S Beech Road	8	5.2	$1,150,000	158	02/04/14
1000 Putnam Blvd #302	3	2.0	$147,500	79	02/05/14
1000 Putnam Blvd #201	2	2.0	$105,000	831	02/07/14
308 Woodridge Lane	3	2.1	$379,900	23	02/07/14
621 Vernon Street	5	1.0	$53,000	3	02/12/14
1149 Putnam Blvd	2	2.1	$155,000	183	02/14/14
709 Kincaid Mills Lane	4	3.1	$440,000	106	02/27/14
113 Beatty Road	4	2.1	$405,000	7	02/27/14
28 Medbury Lane	4	2.1	$384,000	19	02/28/14
6 Mallard Mill Run	2	2.0	$258,000	291	02/28/14
660 Niblick Lane	4	2.5	$293,500	24	02/28/14
9 Leslie Lane	4	2.0	$195,000	122	02/28/14

* DOM = Days On Market

 

Three of the 12 Wallingford PA homes sold in February 2014 had a Seller Assist:

– 309 Woodridge Lane – $9,900

– 28 Medbury Lane – $4,000

– 660 Niblick Lane – $1,750

 

Financing Methods

– Conventional Mortgage – 6 transactions

– Cash – 5 transactions

– Other/Private – 1 transaction

 

There were no distressed property sales in February

 

Wallingford PA Single Homes Sold February 2014 – 5 Sales

Avg Price	Median Price	Low	High	DOM
$502,780	$384,000	$195,000	$1,150,000	66

Wallingford PA Twin Homes Sold February 2014- 1 Sale

Avg Price	Median Price	Low	High	DOM
$53,000	$53,000	$53,000	$50,000	3

Wallingford PA Townhomes Sold February 2014- 4 Sales

Avg Price	Median Price	Low	High	DOM
$286,625	$275,750	$155,000	$440,000	151

Wallingford PA Condos Sold February 2014- 2 Sales

Avg Price	Median Price	Low	High	DOM
$126,250	$126,250	$105,000	$147,500	455

 

WALLINGFORD PA – FEBRUARY 2013 VS FEBRUARY 2014

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2013	10	$449,290	93	89.25%	95.05%
2014	12	$330,492	154	94.23%	95.47%
	20.0%	-26.6%	66.6%	4.98%	0.42%

* DOM = Days On Market

 

Looking ahead to upcoming activity, there are 12 homes scheduled to settle in March, 5 in April, 1 in May, and 2 in June.

 

Wallingford PA Real Estate – Wallingford, PA 19086

January 2014 saw 12 settlements in Wallingford PA which surpasses last year total by 4 homes, and is 50% higher the  average of 8 closed sales during January during the past five years. The average sale price of $180,646 was adversely affected by two factors, the sale of 3 distressed properties during the month and the sales of 4 homes under $100,000. Distressed sales – Short Sales and Bank Owned Foreclosures – comprised 25% of January’s units in a category that represented only 6.3% of all sales in 2013. Furthermore 25% of sales in January were for properties under $100,000, a price range that currently represents only 6.8% of active listings and historically 5.3% of total units sold during 2013. The under $100,000 group bottomed out at $42,500 during the month, and the selling price to original price percentage of at 79.85% was weak at best.

I do see this dramatic drop in the average selling price of $83,560 being but an aberration. In another statistical twist the one non townhouse sale was higher than the average selling price for the 11 other homes that sold during the month.

Properties did move significantly quicker in this January than last year, the average Days On Market was 80 compared to 163 last year, and that trend is continuing as inventory has tightened during the month as buyers are very active in the market.

 

WALLINGFORD PA HOMES SOLD – JANUARY 2014

Address	Bed	Bath	Price	DOM*	Settled
909 Ash Road	3	2.0	$191,000	119	01/03/14
1015 Putnam Blvd	3	2.1	$197,500	25	01/10/14
507 Ryanard Road	3	1.0	$88,000	15	01/13/14
318 Crestview Circle	3	2.1	$320,000	33	01/14/14
508 W Brookhaven Road	5	2.1	$285,000	26	01/17/14
707 Concord Court	3	1.0	$42,500	40	01/17/14
737 W Brookhaven Road	4	3.0	$231,000	129	01/17/14
725 Pine Ridge Road	4	2.1	$300,000	118	01/24/14
400 W Brookhaven Road	4	2.1	$202,000	223	01/24/14
207 Governors Drive	3	1.1	$166,250	10	01/27/14
309 Denver Court	2	1.0	$52,000	29	01/27/14
407 Emerald Street	2	1.0	$92,500	208	01/31/14

* DOM = Days On Market

 

Two of the 12Wallingford PA homes sold in January 2014 had a Seller Assist:

– 508 West Brookhaven Road – $5,000

– 715 Pine Ridge Road- $11,000

 

Financing Methods

– Cash – 7 transactions

– Conventional Mortgage – 4 transactions

– VA Mortgage -1 transaction

 

There were 3 distressed property sales in January:

– 707 Denver Court and 309 Denver Court were Bank Owned Foreclosure.

– 400 West Brookhaven Road was a Short Sale.

Wallingford PA Single Homes Sold January 2014 – 11 Sales

Avg Price	Median Price	Low	High	Days Listed
$179,114	$191,000	$42,500	$320,000	85

Wallingford PA Townhomes Sold January 2014- 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$197,500	$197,500	$197,500	$197,500	25

 

WALLINGFORD PA – JANUARY 2013  VS JANUARY 2014

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2013	8	$264,206	163	86.84%	94.43%
2014	12	$180,646	80	85.38%	90.55%
	50.0%	-31.7%	-50.9%	-1.46%	-3.88%

* DOM = Days On Market

 

Looking ahead to upcoming activity, there are 16 homes scheduled to settle in February, 3 in  March, and 2 in April

 

Wallingford PA Real Estate – Wallingford, PA 19086

Double digit increases in units and average price coupled with a 28.3% decrease in days on market characterized December 2013 Wallingford PA home sales. The average selling price this month came in at $284,750 as compared to $220,195 last year representing a 29.3% increase in the average selling price.

The average price of the core category of single detached family homes sold in December 2013 increased by 29.3% from $289,971 in 2012 to $332,136 this year. Singles averaged only 40 days on the market during December opposed to the average of 159 days on market for single homes last December.

To better the number of homes sold this December you would have to go all the way back to 2005 when there were 16 homes sold.

 

WALLINGFORD PA HOMES SOLD – DECEMBER 2013

Address	Bed	Bath	Price	DOM*	Settled
102 Orchard Avenue	3	2.0	$342,000	9	12/03/13
415 Osborne Lane	4	2.0	$355,000	10	12/05/13
723 Beechwood Road	3	2.5	$410,000	42	12/06/13
217 Stanford Drive	3	2.0	$310,000	24	12/06/13
327 Callender Lane	4	2.0	$192,000	37	12/09/13
405 Denver Court	1	1.0	$67,000	610	12/10/13
109 Sharlow Drive	3	1.5	$280,000	155	12/11/13
206 Hidden Acres Lane	5	4.2	$650,000	60	12/11/13
218 Cedar Lane	3	1.0	$165,000	71	12/13/13
1098 Putnam Blvd	3	2.5	$200,000	7	12/13/13
103 Walnut Road	4	1.5	$265,500	10	12/13/13
800 Avondale Road #8H	1	1.0	$66,000	218	12/16/13
702 Pine Ridge Road	3	2.5	$399,00	3	12/16/13
18 Willow Road	3	2.5	$285,000	20	12/20/13

* DOM = Days On Market

 

Five of the 14 Wallingford PA homes sold in December 2013 had a Seller Assist:

– 102 Orchard Avenue – $4,350

– 405 Denver Court – $4,020

– 218 Cedar Lane – $4,000

– 1098 Putnam Blvd – $1,000

– 18 Willow Road – $4,000

 

Financing Methods

– Conventional Mortgage -10 transactions

– Cash – 2 transactions

– FHA Mortgage -2 transactions

 

There was 1 distressed property sale in December:

327 Callender Lane  was a Bank Owned Foreclosure.

Wallingford PA Single Homes Sold December 2013 – 11 Sales

Avg Price	Median Price	Low	High	Days Listed
$332,136	$310,000	$165,000	$650,000	40

Wallingford PA Twin Homes Sold December 2013 – 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$67,000	$67,000	$67,000	$67,000	610

Wallingford PA Townhomes Sold December 2013 – 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$200,000	$200,000	$200,000	$200,000	7

Wallingford PA Condos Sold December 2013 – 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$66,000	$66,000	$66,000	$66,000	218

 

WALLINGFORD PA – DECEMBER 2012 VS DECEMBER 2013

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2012	11	$220,195	127	92.26%	95.79%
2013	14	$284,750	91	93.53%	97.04%
	27.2%	29.3%	-28.3%	1.27%	1.25%

* DOM = Days On Market

 

Looking ahead to upcoming activity, there are 16 homes scheduled to settle in January, 3 in  February, and 1 in March.

 

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA home sales in November 2013 were weak, with 9 homes sold during the month. Historically you would have to go back to November 2005 to match that total. Over the past 7 years November has been a solid month with an average of 15 homes settling during the month for the previous 7 year stretch. This month also ends the streak of four consecutive month that the average price has posted an increase over the previous year.

The average selling price this month $258,000 as compared to $270,082 last year represents a 4.5% decrease.

The average price of the key category of single detached family homes decreased by 19.9% from $348,150 in 2012 to $279,000 this year.

 

WALLINGFORD PA HOMES SOLD – NOVEMBER 2013

700 Avondale Road #4E	2	2.0	$90,000	127	11/01/13
103 Vernon Lane	4	1.5	$310,000	16	11/01/13
802 Ridge Lane	3	2.5	$390,000	2	11/07/13
603 Georgetown Road	4	1.5	$170,000	89	11/11/13
903 S Providence Road	4	2.5	$360,000	162	11/20/13
27 Willow Road	3	2.0	$197,000	74	11/21/13
305 Governors Drive	5	3.0	$290,000	16	11/25/13
300 Sykes Lane	4	2.5	$380,000	37	11/26/13
607 Manchester Avenue	2	1.0	$135,000	49	11/27/13
AVERAGE			$258,000	64

* DOM = Days On Market

 

Three of the 9 Wallingford PA homes sold in November 2013 had a Seller Assist:

– 903 South Providence Road  – $10,500

– 27 Willow Road – $4,000

– 305 Governors Drive – $7,000

 

Financing Methods

– Conventional Mortgage -5 transactions

– Cash – 3 transactions

– FHA Mortgage -1 transaction

 

There was 1 distressed property sale in November:

700 Avondale Road #4E was a Bank Owned Foreclosure.

 

Wallingford PA Single Homes Sold November 2013 – 8 Sales

Avg Price	Median Price	Low	High	Days Listed
$279,000	$300,000	$135,000	$390,000	56

Wallingford PA Condos Sold November 2013 – 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$90,000	$90,000	$90,000	$90,000	127

 

WALLINGFORD PA – NOVEMBER 2012 VS NOVEMBER 2013

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2012	11	$270,082	74	88.63%	96.12%
2013	9	$258,000	64	89.90%	93.79%
	-18.2%	-4.5%	-13.5%	1.27%	-2.33%

* DOM = Days On Market

 

Looking ahead to upcoming activity, there are 17 homes scheduled to settle in December, 3 in  January, and 1 in February.

Wallingford PA Real Estate – Wallingford, PA 19086