Wallingford Quarterly Review

Wallingford PA Real Estate – 3rd Quarter Review

October 5, 2015 by admin

A total of 58 homes sold during the 3rd quarter of 2015 in Wallingford PA falling just short of last year’s total by 2 homes. The average selling price was a statically insignificant $262 less than last year coming in at $336,804.

The 43 single family homes sold during the quarter saw the average selling price increase by 8.8%from $361,211 to $392,828. Single homes averaged 66 days on the market during the quarter.

At the 3/4 mark of 2015 the number of homes sold is 3 less than last year, with 172 closed transactions recorded through the end of September. The average selling price has seen an upswing from $301,731 for the first 9 months last year to $313,171 this year which amounts to a 3.4% increase.

There were 28 homes sold in July, 14 in August, and 16 in September.

The highest priced home sold in the 3rd quarter was 601 Beatty Road that sold in July for $970,000.

**WALLINGFORD – 3RD QUARTER 2014 VS 3RD QUARTER 2015**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2014	60	$337,066	83	93.19%	96.71%
2015	58	$336,804	84	93.24%	96.27%
	-3.3%	-0.001%	-1.2%	0.05%	-0.44%

3RD QUARTER 2015 – SALES BY PRICE RANGE

PRICE RANGE	SALES
0 To $100,000	4
$100,000 To $200,000	11
$200,000 To $300,000	14
$300,000 To $400,000	10
$400,000 To $500,000	5
$500,000 To $600,000	9
$600,000 To $700,000	4
$700,000 To $800,000	1
TOTAL	58

Single Family Homes Sold – 3rd Quarter 2015 – 43 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$392,828	$369,450	$110,000	$970,000	66

Townhouses Sold – 3rd Quarter 2015 – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$254,000	$244,000	$167,500	$370,000	116

Condominiums Sold – 3rd Quarter 2015 – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$86,625	$89,250	$68,000	$100,000	107

Twin Homes Sold – 3rd Quarter 2015 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,125	$161,500	$101,000	$272,500	208

Row Homes Sold – 3rd Quarter 2015 – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$76,000	$76,000	$76,000	$76,000	97

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 2nd Quarter 2015 Review

July 20, 2015 by admin

The 2nd quarter of 2015 in Wallingford PA saw a robust total of 83 homes sold beating last year’s quarterly numbers by 7 homes, an increase of 9.2%. The average sales price increased to $313,369 up from last year where it stood at $303,507, representing a 2.6% gain.

The 57 single family homes sold during the quarter equaled the volume from last year, but the average selling price increased by 5.9%from $353,133 to $373,852. Single homes posted a mere 58 days on the market during the quarter.

Overall average it took less time to sell during the months of April, May, and June, 11 days fewer then last year when Days On Market averaged 93 which represents a 11.8% decrease.

Halfway thorough 2015 the number of homes sold is 1 less than last year, with 114 homes selling through the end of June. The average selling price has seen an upswing from $283,295 for the first 6 months last year to $301,147 this year which amounts to a 6.3% increase.

There were 18 homes sold in April, 33 in May – which was the busiest May going back over 10 years, and 32 in June. The highest priced home sold in the 1st quarter was 401 Crumwald Lane Road that sold in May for $800,000.

**WALLINGFORD – 2ND QUARTER 2014 VS 2ND QUARTER 2015**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2014	76	$305,507	93	94.59%	96.30%
2015	83	$313,369	82	94.90%	96.63%
	9.2%	2.6%	-11.8%	0.31%	0.33%

2ND QUARTER 2015 – SALES BY PRICE RANGE

PRICE RANGE	SALES
0 To $100,000	5
$100,000 To $200,000	16
$200,000 To $300,000	22
$300,000 To $400,000	18
$400,000 To $500,000	14
$500,000 To $600,000	3
$600,000 To $700,000	2
$700,000 To $800,000	2
$800,000 +	1
TOTAL	83

Single Family Homes Sold – 2nd Quarter 2015 – 57 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$373,852	$340,000	$155,000	$800,000	58

Condominiums Sold – 2nd Quarter 2015 – 12 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$103,783	$104,750	$80,000	$124,900	110

Townhouses Sold – 2nd Quarter 2015 – 11 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$266,818	$203,000	$171,000	$425,000	161

Twin Homes Sold – 2nd Quarter 2015 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$180,967	$209,900	$88,000	$245,000	147

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 1st Quarter 2015

April 13, 2015 by admin

The 1st quarter of 2015 in Wallingford PA saw a total of 31 homes sold coming in 8 short of last year’s total of 39 representing a 20.5% decrease in units. The average sales price saw an increase to $267,675 from last year where it stood at $240,010, representing a 11.5% increase.

On average it took less time to sell during the months of January, February, and March, 18 days fewer then last year when Days On Market averaged 97 which represents a 15.6% decrease.

January and February each recorded 11 sales and 9 homes sold in March. The highest priced home sold in the 1st quarter was 605 Twyckenham Road that sold in March for $605,000.

**WALLINGFORD – 1ST QUARTER 2014 VS 1ST QUARTER 2015**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2014	39	$240,010	115	89.02%	92.88%
2015	31	$267,675	97	89.28%	96.14%
	-20.5%	11.5%	-15.6%	0.26%	3.26%

1ST QUARTER 2015 – SALES BY PRICE RANGE

PRICE RANGE	SALES
0 To $100,000	5
$100,000 To $200,000	6
$200,000 To $300,000	7
$300,000 To $400,000	8
$400,000 To $500,000	3
$500,000 To $600,000	1
$600,000 To $700,000	1
TOTAL	31

Single Family Homes Sold – 1st Quarter 2015 – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$304,195	$312,000	$77,299	$605,000	104

Twin Homes Sold – 1st Quarter 2015 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$63,667	$46,500	$46,500	$98,000	37

Townhouses Sold – 1st Quarter 2015 – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,275	$204,275	$189,500	$219,050	86

Condominiums Sold – 1st Quarter 2015 -1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$93,500	$93,500	$93,500	$93,500	100

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 4th Quarter 2014 Review

January 4, 2015 by admin

The 4th quarter of 2014 in Wallingford PA saw a total of 33 homes sold coming in 6 short of last year’s total of 39 representing a 18.2% decrease in units. The average sales price decreased slightly to $297,318 from last year where it stood at $298,526. The closing quarter of the year marks the only quarter of 2014 where both average price and closed units did not surpass the previous year.

On average it took longer to sell a home during the months of October thru December, 29 days more then last year when Days On Market averaged 87 which represents a 34.1% increase.

The pattern of sales during the quarter was atypical, with December recording the most closed sales with 14, followed by November with 10, and October with 9 sales. December was quite a busy month with 14 sales, the busiest December tied with last year as the best final month since 2005.

As the year 2014 comes to a end units for the year are significantly better than last year. In 2014 there were 208 Wallingford PA homes sold compared to 190 homes sold in 2013 which represents a 9.5% gain in units.

THE YEAR 2014 BY QUARTER

QUARTER	SALES	AVG PRICE	+/- FROM 2013
1	39	$240,010	-30.93%
2	75	$307,777	-2.16%
3	61	$334,055	+7.90%
4	33	$297,318	-0.004%

WALLINGFORD PA 4TH QUARTER 2014 VS 4TH QUARTER 2013

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2013	39	$298,526	85	92.31%	95.99%
2014	33	$297,318	114	88.35%	94.29%
	-18.2%	-0.004%	34.1%	-3.96%	-1.70%

WALLINGFORD PA 4TH QUARTER 2014 SALES BY PRICE RANGE

RANGE	SALES
< 100K	4
100K – 200K	8
200K – 300K	4
300K – 400K	9
400K – 500K	3
500K – 600K	3
600K – 700K	1
700K – 800K	1

Wallingford PA Single Homes Sold 4th Quarter 2014- 22 Sales

Avg Price	Median Price	Low	High	Days Listed
$357,977	$349,500	$86,000	$760,000	138

Wallingford PA Townhouses Sold 4th Quarter 2014 – 5 Sales

Avg Price	Median Price	Low	High	Days Listed
$284,200	$205,000	$153,500	$448,000	88

Wallingford PA Condos Sold 4th Quarter 2014 -3 Sales

Avg Price	Median Price	Low	High	Days Listed
$113,000	$110,000	$87,000	$142,000	46

Wallingford PA Twins Sold 4th Quarter 2014 -3 Sales

Avg Price	Median Price	Low	High	Days Listed
$102,667	$86,000	$65,000	$157,000	51

WALLINGFORD PA 4TH QUARTER 2014 MONTHLY SELLING PRICES

November prices spiked with 7 of 10 sales topping the then Wallingford average selling price of $302,744 by 44.1%, with those 7 homes selling for an average price of $436,375, including the $760,00 sale of 10 Kershaw Road on November 3, 2014.

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – Third Quarter 2014 Review

October 5, 2014 by admin

Aided by a very strong month of August the 3rd quarter of 2014 posted a gain of $24,385 in the average selling price which amounts to a 7.9% increase. During the 3rd quarter of 2014 in Wallingford PA there were a total of 61 closed sales which matches the number of closed sales in the 3rd quarter 2013. Almost a third of August sales, 31.1%, exceeded $400K which resulted in the healthy increase in the average selling price. In the 3rd quarter 2014 $400K plus sales accounted for only 16.4% of the quarterly total.

The 3rd quarter marks the first quarter this year that the average selling price exceeded the average price of the past year. The 1st quarter 2014 registered a 30.93% drop in average selling price followed by a 2.16% decrease in the 2nd quarter of 2014.

There were 51 single family detached homes sold this quarter and the average selling price increased 5.2% to $357,136 compared to the 52 single family detached homes sold last year during the 3rd quarter.

At the 3/4 mark of 2014 Wallingford PA has seen closed sales rise from 151 in 2013 to 175 this year – a 15.9% jump in homes sold, but this is accompanied by a drop in the average selling price from $318,472 at the end of September in 2013 to $301,532 this year. This represents a 5.2% drop in the average selling price year over year.

There were 22 closed sales in July, 26 in August, and 13 in September.

WALLINGFORD PA 3RD QUARTER 2013 VS 3RD QUARTER 2014

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2013	61	$309,670	90	93.63%	96.62%
2014	61	$334,055	82	93.32%	96.78%
	0.0%	7.9%	-8.9%	-0.31%	0.16%

WALLINGFORD PA 3RD QUARTER 2014 SALES BY PRICE RANGE

RANGE	SALES
< 100K	4
100K – 200K	11
200K – 300K	12
300K – 400K	15
400K – 500K	9
500K – 600K	6
600K – 700K	1
700K – 800K	3

Wallingford PA Single Homes Sold 3rd Quarter 2014 – 51 Sales

Avg Price	Median Price	Low	High	Days Listed
$357,136	$355,000	$42,000	$800,000	77

Wallingford PA Townhouses Sold 3rd Quarter 2014 – 4 Sales

Avg Price	Median Price	Low	High	Days Listed
$331,475	$328,450	$270,000	$399,000	191

Wallingford PA Condos Sold 2nd Quarter 2014 – 3 Sales

Avg Price	Median Price	Low	High	Days Listed
$102,000	$108,500	$80,000	$117,500	48

Wallingford PA Twins Sold 3rd Quarter 2014 – 3 Sales

Avg Price	Median Price	Low	High	Days Listed
$177,167	$212,500	$100,000	$219,000	52

WALLINGFORD PA 3RD QUARTER 2014 SELLING PRICES

Wallingford PA Real Estate – Wallingford, PA 19086

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THE YEAR 2014 BY QUARTER

Wallingford PA Single Homes Sold 4th Quarter 2014- 22 Sales

Wallingford PA Townhouses Sold 4th Quarter 2014 – 5 Sales

Wallingford PA Condos Sold 4th Quarter 2014 -3 Sales

Wallingford PA Twins Sold 4th Quarter 2014 -3 Sales

Wallingford PA Single Homes Sold 3rd Quarter 2014 – 51 Sales

Wallingford PA Townhouses Sold 3rd Quarter 2014 – 4 Sales

Wallingford PA Condos Sold 2nd Quarter 2014 – 3 Sales

Wallingford PA Twins Sold 3rd Quarter 2014 – 3 Sales

S. Clark Kendus