May 2013 sales in Wallingford PA were up by 1 home over May 2012, with 19 homes being sold. There were 12 single detached homes sold, 4 condos, and 3 townhouses.

The average sales price came in at $257,306, which represented a 19.7% decrease over last year, and the median sales price was $276,805. A bit disappointing given the April average price stood at $360,047. Many people are asking are we in a rebounding market. We have yet to post increasing prices for a meaningful number of months, at least 4 months, better still 6 months, that would signal a recovering market. The market is wavering month to month. The listing history illustrated in the chart below shows some weakness in listing prices, for the month it demonstrated a downward trend.

WALLINGFORD PA HOMES SOLD – MAY 2013

Address	Bed	Bath	Price	DOM*	Settled
418 Oak Valley Road	4	2.0	$276,805	283	05/01/2013
126 Dundee Mills Lane	3	2.5	$307,000	369	05/01/2013
26 Brookside Road	4	2.0	$495,000	4	05/01//2013
103 Walnut Road	3	1.5	$160,000	117	05/03/2013
700 Avondale Road #4A	2	2.0	$113,800	923	05/14/2013
207 Ridgewood Road	3	1.2	$325,000	233	05/15/2013
344A Saybrook Lane	2	1.0	$97,500	285	05/16/2013
817 Parkridge Drive	4	3.5	$395,000	7	05/17/2013
716B Putnam Blvd	2	1.0	$83,000	94	05/20/2013
306 Highland Avenue	3	2.0	$317,000	16	05/20/2013
625 Georgetown Road	3	1.5	$145,000	13	05/23/2013
218 Hillsboro Mills Lane	3	2.2	$360,000	504	05/24/2013
205 Governors Drive	4	2.2	$300,000	3	05/24/2013
1214 Putnam Blvd	3	2.2	$220,000	3	05/24/2013
101 Ash Road	3	1.5	$189,500	10	05/30/2013
29 Waterford Way	5	2.5	$383,500	277	05/30/2013
214 Moylan Avenue	4	3.0	$407,200	259	05/31/2013
308 Governors Drive	3	1.5	$211,000	187	05/31/2013
354B Saybrook Lane	2	1.0	$102,500	179	05/31/2013

* DOM = Days On Market

 

Ten of the 19 Wallingford PA homes sold in May 2013 had a Seller Assist:

– 418 Oak Valley Road – $8,304

– 26 Brookside Road – $15,000

– 700 Avondale Road #4A – $3,414

– 344A Saybrook Lane – $600

– 817 Parkridge Road – $10,000

– 306 Highland Avenue – $9,510

– 1214 Putnam Blvd – $3,000

– 101 Ash Road – $7,880

– 214 Moylan Avenue – $7,200

– 208 Governors Drive – $6,000

 

Financing Methods

– Conventional  Mortgage -12 transactions

– FHA Mortgage – 3 transactions

– VA Mortgage – 2 transactions

– Cash – 2 transactions

 

There was 1 distressed sale this month – a Foreclosure – 625 Georgetown Road

Wallingford PA Single/Twin Homes Sold May 2013 – 12 Sales

Avg Price	Median Price	Low	High	Days Listed
$300,417	$308,500	$145,000	$495,000	117

Wallingford PA Townhouse/Condos Sold May 2013 – 7 Sales

Avg Price	Median Price	Low	High	Days Listed
$183,400	$113,800	$83,000	$360,000	337

 

WALLINGFORD PA – MAY 2012 VS MAY 2013

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2012	18	$320,472	151	N/A	94.57%
2013	19	$257,306	198	91.47%	95.09%
	5.6%	-19.7%	31.1%	N/A	0.52%

* DOM = Days On Market

 

Looking ahead to upcoming activity, there are 20 homes scheduled to settle in June, 4 in June, 2 in August and 1 in September.

 

Wallingford May 2013 Listing Price Track

 

Wallingford PA Real Estate – Wallingford, PA 19086

March 2013 saw a dip in Wallingford PA  homes sales of 3 homes when compared to March 2012. This year there were 8 homes sold versus 11 during the same month last year. The average sale price posted a 38% increase, climbing from $239,995 in 2012 to $331,349 this year. Average Days on Market fell from 181 to 146.

The average number of homes on the market hovered around 95 for the month, and inventory was depleted by 16 homes that went under contract during the month.

 

WALLINGFORD PA HOMES SOLD – MARCH 2013

Address	Bed	Bath	Price	DOM*	Settled
405 Blakeley Road	3	2.0	$199,900	67	03/01/2013
1 Putters Lane	3	2.0	$292,000	190	03/14/2013
612 Columbia Mills Ct	3	2.5	$350,000	134	03/18/2013
306 West Brookhaven Rd	4	1.5	$314,500	22	03/19/2013
4 Oak Knoll Drive	4	2.2	$380,000	106	03/22/2013
535 Manchester Avenue	4	2.5	$439,000	366	03/25/2013
209 Beaumoint Drive	4	2.5	$410,390	255	03/26/2013
614 West Brookhaven Rd	5	2.5	$265,000	30	03/26/2013

* DOM = Days On Market

 

Four of 8 homes sold in March 2013 had a Seller Assist:

– 405 Blakeley Road – $8,000

– 306 West Brookhaven Road – $9,435

– 4 Oak Knoll Drive – $10,000

– 209 Beaumount Drive – $12,311

 

Financing Methods

– Conventional -5 transactions

– Cash – 3 transactions

Wallingford PA  Single/Twin Homes Sold March 2013 – 7 Sales

Avg Price	Median Price	Low	High	Days Listed
$328,684	$314,500	$199,900	$439,000	373

Wallingford PA  Townhouse/Condos Sold March 2013 – 1 Sale

Avg Price	Median Price	Low	High	Days Listed
$350,000	$350,000	$350,000	$350,000	134

 

WALLINGFORD PA – MARCH 2012 VS MARCH 2013

	SALES	AVERAGE	DOM*	STL TO ORIG	STL TO LAST
2012	11	$239,995	181	82.34%	92.03%
2013	8	$331,349	146	94.14%	97.53%
	-27.3%	38.0%	-19.3%	11.80%	5.50%

* DOM = Days On Market

 

Looking ahead to upcoming acitvity, there are 12 homes scheduled to settle in April, 5 in May, and 4 in June.

 

WALLINGFORD PA MARCH 2013 LISTING PRICE TRACK

 

Wallingford PA Real Estate – Wallingford, PA 19086

WALLINGFORD PA REAL ESTATE – FEBRUARY 2013

If you are looking for a good month in terms of numbers, February 2013 in Wallingford PA would be a good choice. Sales matched February 2012 with 9 homes sold, but the numbers were bolstered by an average sale price of $446,433, representing a 83.9% increase in the average price over last year. Three homes during the month sold for prices in excess of $600,000, and the average sale price during the month represents a number exceeding the “normal” area sale price by over $100,000.

The number of Days On Market saw a substantial improvement dropping 48.9% from last year to 97 days, single homes sold during the month were only on the market an average of 73 days.

I would not expect upcoming months to match February’s numbers, but hope to see continued growth in number of homes sold and positive news when it comes to price stabilization, and perhaps even a slight upturn.

 

There were 9 Wallingford PA homes sold in February 2013.

 

WALLINGFORD PA HOMES SOLD – FEBRUARY 2013

Address	Bed	Bath	Price	DOM*	Settled
305 Dogwood Lane	5	3.5	$357,500	12	02/07/2013
206 Sycamore Lane	5	2.5	$385,000	159	02/07/2013
920 Truepenny Road	5	3.5	$668,900	114	02/14/2013
403 Crumwald Lane	4	3.5	$450,000	54	02/15/2013
10 W Possum Hollow Road	4	2.5	$384,000	48	02/15/2013
219 W Country Club Lane	5	4.2	$742,500	14	02/22/2013
506 Moylan Avenue	4	3.5	$750,000	112	02/25/2013
350B Saybrook Lane	2	1.0	$105,000	238	02/25/2013
1138 Putnam Blvd	2	2.5	$175,000	126	02/25/2013

* DOM = Days On Market

 

These 9 Wallingford PA homes were on the market an average of 97 days, with the average sold price representing 88.05% of the original asking price, and 94.5% of the last asking price.

 

Financing Methods

– Conventional Mortgage – 7  transactions

– Cash – 1 transaction

– Other – 1 transaction

 

A Seller Assist was utilized in 4 of the 9 Wallingford PA homes sold in February 2013.

– 305 Dogwood Lane – $3,000

– 206 Sycamore Lane – $11,000

– 920 Truepenny Lane – $15,000

– 219 West Country Club Lane – $5,000

 

No foreclosure or short sales were reported.

Total Wallingford February 2012 Activity vs February 2013

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2012	9	$242,778	190	84.08%	96.52%
2013	9	$446,433	97	88.05%	94.50%
	0.0%	83.9%	-48.9%	4.05%	2.02%

Wallingford PA Single Homes – February 2013 – 7 Sales

Avg Price	Median Price	Low	High	Days Listed
$533,986	$385,000	$357,500	$750,000	73

Wallingford PA Townhouse/Condos – February 2013 – 2 Sales

Avg Price	Median Price	Low	High	Days Listed
$154,450	$140,000	$105,000	$175,000	182

 

 

WALLINGFORD PA LISTING PRICE TRACK – FEBRUARY 2013

 

In March there are 6 homes scheduled to settle, 7 in April, and 1 on the books for May at this time.

 

Wallingford PA Real Estate – Wallingford, PA 19086