WALLINGFORD PA REAL ESTATE – DECEMBER 2012

December 2012 sales posted a 1 home increase over the same month of the previous year, with 11 Wallingford PA homes sold in December 2012 as opposed to 10 sales in November 2011.

The average sales prices also took a tumble over last year, dropping to $221,468, which is a 32.1% drop. The dramatic decrease in the average sale price exhibits the detrimental effect distressed property sales have on the market. Two of the sales in December were short sales, and without including those properties in the single home sales data the average rises up to $285,986, which still represents a big dip when compared to the December 2011 average.

There is some underlying good news in December sales data. Three homes sold for the asking price or above, and were on the market an average of only 16 days. That is an indication of listing prices being closely aligned with buyers and the market. Overall single homes fetched an average of 96.8% of the last list price, which also indicates pricing aligning with the market.

 

There were 11 Wallingford PA homes sold in December 2012.

WALLINGFORD PA HOMES SOLD – DECEMBER 2012

Address	Bed	Bath	Price	DOM*	Settled
713 Atlanta Court	2	1.0	$76,000	22	12/07/2012
231 Canterbury Drive	5	3.0	$290,000	228	12/07/2012
15 Waterford Way	4	2.5	$342,000	177	12/12/2012
306 Woodward Road	6	2.5	$495,000	2	12/13/2012
1090 Putnam Blvd	2	2.5	$152,000	20	12/18/2012
836A Putnam Blvd	2	1.0	$109,000	212	12/20/2012
120 Ronaldson Street	3	1.0	$55,343	23	12/21/2012
205 Walnut Road	3	2.5	$207,900	23	12/21/2012
305 Chestnut Pkwy	3	2.0	$120,000	384	12/26/2012
116 West Brookhaven Rd	4	2.5	$339,000	7	12/27/2012
712 Hemlock Road	3	1.0	$249,900	248	12/28/2012

* DOM = Days On Market

 

These 11 Wallingford PA homes were on the market an average of 122 days, with the average sold price representing 92.62% of the original asking price, and 96.15% of the last asking price. The median sale price came in at $207,900.

 

Financing Methods

– Cash – 6 transactions

– Conventional – 5 transactions

 

A Seller Assist was utilized in 2 of the 11 Wallingford PA homes sold in December.

– 15 Waterford Way – $3,500

– 712 Hemlock Road – $14,994

 

120 Ronaldson Street and 305 Chestnut Parkway were recorded as Short Sales.

 

Wallingford PA Single Homes – December 2012 – 9 Sales

Avg Price	Median Price	Low	High	Days Listed
$241,683	$249,900	$55,343	$495,000	124

 

Wallingford PA Townhouse/Condos – December 2012 – 2 Sales

Avg Price	Median Price	Low	High	Days Listed
$130,500	$130,500	$109,000	$152,000	116

 

Total Wallingford PA December 2012 Activity vs December 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	10	$326,250	119	89.15%	95.08%
2012	11	$221,468	122	92.62%	96.15%
	10.0%	-32.1%	2.5%	3.47%	1.07%

 

Looking ahead there are 7 settlements scheduled in January, and 2 due to take place in February 2013.

 

 

SWARTHMORE REAL ESTATE – DECEMBER 2012

 

5 Swarthmore homes sold during the month of December 2012. Across the board the performance for December 2012 outpaced last year. Average price for all homes was up 66.2%, and 5 homes sold this past month as opposed to 2 in December 2011.

SWARTHMORE PA HOMES SOLD – DECEMBER 2012

Address	Bed	Bath	Price	DOM*	Settled
801 Yale Avenue – 508	3	2.0	$181,000	24	12/10/2012
133 Ogden Avenue	8	**	$419,500	13	12/13/2012
801 Yale Avenue – 609	2	2.0	$158,000	20	12/13/2012
920 Westdale Avenue	5	4.5	$415,000	475	12/14/2012
414 Thayer Road	4	2.5	$750,000	9	12/20/2012

* DOM = Days On Market

** – 133 Ogden Avenue is a triplex – # of baths not reported, was reported as a single family home sale

 

These 5 Swarthmore homes sold for an average price of $384,700 and were on the market an average of 108 days, fetching 93.67% of both original asking price and last asking price.

 

Financing Methods

– Cash – 2 transactions

– Conventional  Financing – 2 transactions

– VA Financing – 1 transaction

 

Seller Assist – December 2012 Swarthmore transactions.

– 133 Ogden Avenue – $25,170

– 920 Westdale Avenue – $23,600

 

 

Swarthmore PA Single Homes -December 2012 – 3 Sales

Avg Price	Median Price	Low	High	Days Listed
$528,167	$419,500	$415,000	$750,000	166

 

Swarthmore PA Townhouse/Condos – December 2012 -2 Sales

Avg Price	Median Price	Low	High	Days Listed
$169,500	$169,500	$158,000	$181,000	22

 

Total Swarthmore PA December 2012 Activity vs December 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	2	$231,500	107	80.85%	93.27%
2012	5	$384,700	108	93.76%	93.76%
	150%	66.2%	.009%	12.91%	0.49%

 

Looking ahead to projected activity, January has 3 settlements scheduled, and 1 in April 2013.
 

WALLINGFORD PA REAL ESTATE – OCTOBER 2012

There were 15 Wallingford PA homes sold during the month of October 2012, representing a substantial increase in sales when compared to October 2011, when 7 homes sold. However the average price was a little spooky, it dropped by $43,976, representing a 14% decline, to $269,953. It must be haunting some people that there was a Weston Village townhome that sold for $129,900 during the month, and with a Seller Assist in addition! Remember when a condo unit in Danbury Village would command such a price. For good news the average Days On Market dropped a healthy 46.2% to 99 days.

The settled price to original price ratio of 88.99% indicates that there was a bit of price cutting in order to get a home sold.

 

WALLINGFORD PA HOMES SOLD – OCTOBER 2012

Address	Bed	Bath	Price	DOM*	Settled
118 E. Brookhaven Road	4	2.5	$272,000	212	10/03/2012
1342 Putnam Blvd	2	2.5	$166,500	7	10/03/2012
799 Pennsylvania Ave	1	1.0	$38,000	66	10/10/2012
610 Columbia Mills Ct	3	2.2	$332,500	28	10/09/2012
1314 Putnam Blvd	2	2.5	$129,900	155	10/10/2012
522 Georgetown Rd	3	2.5	$269,000	77	10/12/2012
513 Oakcrest Lane	4	3.0	$350,000	115	10/15/2012
800 Avondale Rd – PH17	1	1.0	$106,000	112	10/15/2012
1175 Putnam Blvd	2	2.5	$153,000	154	10/17/2012
13 Strathmore Court	5	3.5	$844,900	87	10/19/2012
106 Quaint Road	3	2.5	$320,000	8	10/22/2012
508 Scott Lane	5	2.2	$380,000	112	10/23/2012
117 Ash Road	3	2.5	$200,000	39	10/25/2012
408 Golfview Road	4	2.0	$353,500	155	10/26/2012
602 Blakeley Road	3	1.5	$135,000	156	10/29/2012

* DOM = Days On Market

 

These 15 Wallingford PA homes sold at an average price of $269,953. Selling prices represented 88.99% of the original asking price, and 94.01% of the last asking price.

 

Financing Methods

– Conventional Mortgage – 11 transactions

– FHA Mortgage – 2 transactions

– Cash -1 transaction

– VA Mortgage – 1 transaction

 

Sellers granted a Seller Assist in 7 of the 15 Wallingford PA homes sold in October 2012.

– 1342 Putnam Blvd – $4,500

– 1314 Putnam Blvd – $3,897

– 522 Georgetown Road – $7,000

– 13 Strathmore Court – $25,347

– 508 Scott Lane – $16,300

– 117 Ash Road – $4,500

– 602 Blakeley Road – $8,100

 

1314 Putnam and 206 Quaint Road were Bank Owned Foreclosures.

 

Wallingford October 2012 Activity vs October 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	7	$313,929	184	92.76%	95.58%
2012	15	$269,953	99	88.99%	94.01%
	114.3%	-14.0%	-46.2%	-3.77%	-1.57%

 

In November 10 homes are scheduled to settle, 4 homes in December, and 1 in January.

 

SWARTHMORE REAL ESTATE – OCTOBER 2012

October 2012 Swarthmore home sales bested October 2011 sales by 3 units. October 2012 Swarthmore homes sold for an average price of $336,733, and were on the market an average of 129 days. Selling prices represented 90.43% of original asking price, and 95.45% of the last asking price. Last year there was a million dollar plus sale – $1,096,250 – among the 3 homes sold in October 2011, so the average price was skewed a bit when compared to this month’s activity.

There were 6 Swarthmore PA homes sold during the month of October 2012.

 

SWARTHMORE HOMES SOLD – October 2012

Address	Bed	Bath	Price	DOM*	Settled
340 Dickinson Avenue	4	3.5	$599,000	71	10/05/2012
530 Walnut Lane	5	3.0	$385,000	400	10/09/2012
14 Crest Lane	4	2.5	$350,000	71	10/19/2012
201 Bowdin Lane	3	1.5	$223,000	18	10/26/2012
504 Yale Avenue	4	1.5	$229,900	9	10/31/2012
404 Haverford Place	3	1.5	$233,500	200	10/31/2012

* DOM = Days On Market

 

Financing Methods

– Conventional Mortgage -4 transactions

– FHA Mortgage – 1 transaction

– VA Mortgage – 1 transaction

 

A Seller Assist was present in 3 of the 6 Swarthmore PA homes sold in October 2012.

– 14 Crest Lane – $775

– 201Bowdin Avenue – $5,000

– 504 Yale Avenue – $4,598

 

No distressed sales – Short Sales or Bank Owned Foreclosures were reported during October.

 

Swarthmore October 2012 Activity vs October 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	3	$594,417	103	89.28%	95.33%
2012	6	$336,733	129	90.43%	95.45%
	100.00%	-43.4%	26.2%	1.15%	0.12%

 

WALLINGFORD PA REAL ESTATE – SEPTEMBER 2012

There were 8 Wallingford PA homes sold during the month of September 2012, representing a substantial decrease in sales when compared to September 2011, when 15 homes sold. This is the second consecutive month that homes sales have decreased when compared to the same month of the previous year.

Through the first three quarters of  2012 the number of Wallingford PA homes sold  has increased by 15 homes to 117 units, when compared to the same period last year.

WALLINGFORD PA HOMES SOLD – SEPTEMBER 2012

Address	Bed	Bath	Price	DOM*	Settled
219 Plush Mill Road	3	2.5	$460,000	77	09/07/2012
108 Media Parkway	3	2.0	$123,699	81	09/11/2012
901 Winding Way	4	3.2	$495,000	23	09/19/2012
700 Madison Court	2	1.0	$31,000	69	09/20/2012
8 Willow Lane	3	2.5	$460,000	68	09/24/2012
203 Emerald Lane	3	1.0	$97,500	305	09/27/2012
9 Hickory Lane	3	2.5	$320,000	10	09/28/2012
716 Beechwood Road	4	2.5	$319,000	93	09/30/2012

* DOM = Days On Market

 

These 8 Wallingford PA homes sold at an average price of $288,275. Selling prices represented 80.66% of the original asking price, and 86.09% of the last asking price.

 

Financing Methods

– Conventional Mortgage – 5 transactions

– Cash – 2 transactions

– VA Mortgage – 1 transaction

 

Sellers granted a Seller Assist in 1 of the 8 Wallingford PA homes sold in September 2012.

– 716 Beechwood Road – $13,00

 

203 Emerald Lane was a Bank Owned Foreclosure. 

 

Wallingford September 2012 Activity vs September 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	15	$282,227	100	89.39%	93.31%
2012	8	$288,275	91	80.66%	86.09%
	-53.3%	2.14%	-9.0%	-8.73%	-7.22%

 

In October 15 homes are scheduled to settle, 2 homes  in November, and 1 in both December and January.

 

SWARTHMORE REAL ESTATE – SEPTEMBER 2012

September 2012 Swarthmore home sales bested September 2011 sales by 3 units. September 2012 Swarthmore homes sold for an average price of $367,343, and were on the market an average of 45 days. Selling prices represented 92.61% of original asking price, and  95.86% of the last asking price.

There were 7 Swarthmore PA homes sold during the month of September 2012.

 

SWARTHMORE HOMES SOLD – SEPTEMBER 2012

Address	Bed	Bath	Price	DOM*	Settled
312 Ogden Avenue	4	3.0	$530,000	9	09/06/2012
801 Yale Avenue – 108	3	2.0	$204,000	23	09/04/2012
203 Harvard Avenue	3	1.5	$380,000	35	09/14/2012
641 North Chester Road	5	3.2	$450,000	223	09/21/2012
204 Benjamin West Ave	4	2.5	$456,000	5	09/26/2012
405 Strath Haven Ave	4	2.5	$350,000	8	09/26/2012
107 Rutgers Avenue	1	1.0	$80,000	10	09/28/2012

* DOM = Days On Market

 

Financing Methods

– Conventional Mortgage -3 transactions

– Cash – 3 transactions

– Other – 1 transaction

 

A Seller Assist was present in 2 of the 7 Swarthmore PA homes sold in Septembert 2012.

– 312 Ogden Avenue – $2,675

– 405 Strath Haven Avenue – $10,000 

 

No distressed sales – Short Sales or Bank Owned Foreclosures were reported during August.

 

Swarthmore September 2012 Activity vs September 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2011	4	$399,375	234	91.14%	94.95%
2012	7	$367,343	45	92.61%	95.86%
	75.00%	-8.02%	-80.07%	1.47%	0.91%