A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 88 homes listed for sale in Wallingford PA and Nether Providence Township on October 27, 2015 with an average asking price of $354,603.

The National Association Of Realtors (NAR) recently released the results of their eleventh Housing Pulse Surveys, which showed 85% of Americans think purchasing a home is a good financial decision, with 73% “strongly” agreeing.

However, concern about housing costs still exist, but are improving. Of those surveyed, 76% say they do not make enough income to make housing affordable, despite a full-time job. Meanwhile, 59% are concerned about high rental prices, and 49% are concerned about high prices for homes in their area.

A strong majority, 68%, believe that it is now is a good time to buy a home. With rents continuing to rise, many renters are feeling the financial strain on their budget. Of millenials, 65% are concerned about the high cost of rent on their budget.

Wallingford Market Snapshot – 88 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$354,603	$339,745	$85,000	$839,000	125

Single/Twin Market Snapshot – 66 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$408,242	$373,750	$91,000	$839,000	134

Townhouse/Condo Market Snapshot – 22 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$193,686	$179,900	$85,000	$399,900	100

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

No listings expired

No listings were withdrawn from the market

21 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold October 19, 2015 To October 25, 2015

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
420 Oak Valley Road	4	2.0	$422,000	10/23/15	4
AVERAGE			$422,000		4

*DOM = Days On Market

420 Oak Valley Road sold with a $1,200 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 92 homes listed for sale in Wallingford PA and Nether Providence Township on October 20, 2015 with an average asking price of $345,203.

The Pennsylvania Association Of Realtors (PAR) reported on statewide sale for the 3rd Quarter 2015 and it shows the market experienced a healthy jump in closed sales, up 12%, in the third quarter this year, compared to the same period a year ago. Closed sales numbered 47,910 in the third quarter of 2015 compared to 42,671 in Q3 2014. Pending sales were also up 8% to 42,416.

Year-to-date closed sales were up nearly 13% at 121,929 compared to the same time last year with sales at 108,182.

Wallingford Market Snapshot – 92 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$354,203	$334,500	$85,000	$839,000	121

Single/Twin Market Snapshot – 70 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$404,651	$369,450	$91,000	$839,000	130

Townhouse/Condo Market Snapshot – 22 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$193,686	$179,900	$85,000	$399,900	93

*DOM = Days On Market

No Wallingford PA homes went under contract

7 new listings came onto the market

2 listings expired

No listings were withdrawn from the market

18 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold October 12, 2015 To October 18, 2015

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
420 Turner Road	4	2.1	$292,500	10/14/15	78
706 Hemlock Road	5	2.1	$390,000	10/15/15	24
7 Waterville Road	3	1.1	$237,000	10/15/15	128
407 Turner Road	4	2.1	$400,000	10/16/15	3
842A Putnam Blvd	2	1.0	$98,000	10/16/15	22
700 Avondale Rd #5A	2	2.0	$105,000	10/16/15	43
700 W Brookhaven Road	4	2.2	$188,000	10/16/15	23
AVERAGE			$244,357		46

*DOM = Days On Market

6 of the 7 homes sold with a Seller Assist

– 706 Hemlock Road – $4,600

– 7 Waterville Road – $7,071

– 407 Turner Road – $7,500

– 842A Putnam Blvd – $500

– 700 Avondale Road #5A – $6,300

– 700 W Brookhaven Road – $5,640

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 91 homes listed for sale in Wallingford PA and Nether Providence Township on October 13, 2015.

Nearly half of American renters spend more than 30% of their monthly incomes on rent, with rent accounting for more than 50% of monthly income for 1 in 4 renters.

This equates to the worst rental affordability crisis ever seen in the U.S., which should theoretically bode well for single-family home sales activity moving forward. In nearly 90 cities across the United States a middle class income is not sufficient to cover the average rent per month. California alone has 17 cities that are considered unaffordable for middle class renters.

Wallingford Market Snapshot – 91 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$350,709	$333,000	$85,000	$824,900	117

Single/Twin Market Snapshot – 70 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$397,661	$357,400	$91,000	$824,900	125

Townhouse/Condo Market Snapshot – 21 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$194,199	$179,900	$85,000	$399,900	90

*DOM = Days On Market

2 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

No listings were withdrawn from the market

24 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold October 5, 2015 To October 11, 2015

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
512 Hastings Avenue	2	1.0	$180,000	10/07/15	130
306 Ryanard Road	2	1.0	$166,900	10/09/15	158
224 Fildes Lane	4	2.0	$257,500	10/09/15	3
AVERAGE			$201,467		97

*DOM = Days On Market

2 homes sold with a Seller Assist

– 512 Hastings Avenue – $8,000

– 306 Ryanard Road – $1,250

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 90 homes listed for sale in Wallingford PA and Nether Providence Township on October 6, 2015.

The average price a home in the least expensive housing market is 30 times less than the average price of a home in the most expensive market. The average price of a home in Cleveland, OH is $64,993 while the most expensive market in Los Altos, CA in Silicon Valley  boasts an average price of $1,963,100.

It is no surprise that California is home to the top 5 most expensive market:

1. Los Altos
2. Newport Beach
3. Saratoga
4. Redwood City/Woodside
5. Los Gatos

The five most affordable – “cheapest” – markets were:

1. Cleveland, OH
2. Riverdale, GA
3. Park Forest, IL
4. Lake Wales, FL
5. Lithonia, GA

Wallingford Market Snapshot – 90 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$357,728	$339,745	$60,000	$824,900	121

Single/Twin Market Snapshot – 72 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$397,506	$364,450	$60,000	$824,900	124

Townhouse/Condo Market Snapshot – 18 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$198,617	$179,900	$85,000	$399,900	109

*DOM = Days On Market

3 Wallingford PA homes went under contract

8 new listings came onto the market

1 listing expired

No listings were withdrawn from the market

27 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold September 28, 2015 To October 4, 2015

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
101 Avonbrook Road	5	3.1	$600,000	09/28/15	36
213 Wallingford Avenue	3	2.0	$110,000	09/28/15	23
842B Putnam Blvd	2	1.0	$95,500	09/28/15	7
857 Parkridge Drive	4	2.1	$435,000	10/01/15	26
308 Media Parkway	3	2.1	$268,500	10/02/15	14
AVERAGE			$301,800		21

*DOM = Days On Market

No homes sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 85 homes listed for sale in Wallingford PA and Nether Providence Township on September 29, 2015.

According to Redfin, sales of the priciest 1% of homes in the U.S. are up 21.1% so far this year, following a gain of 35.7% in 2013. For the other 99% of the market, sales have dropped 7.6% since the start of the new year.

Wallingford Market Snapshot – 85 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$350,500	$336,000	$60,000	$824,900	120

Single/Twin Market Snapshot – 68 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$386,724	$357,400	$60,000	$824,900	120

Townhouse/Condo Market Snapshot – 17 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$205,605	$185,000	$85,000	$399,900	119

*DOM = Days On Market

3 Wallingford PA homes went under contract

6 new listings came onto the market

No listings expired

No listings were withdrawn from the market

26 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold September 21, 2015 To September 27, 2015

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
824 Meredith Drive	4	2.1	$540,000	09/21/15	46
621 Vernon Street	4	2.1	$272,500	09/25/15	146
AVERAGE			$406,250		96

*DOM = Days On Market

824 Meredith Drive sold with a $8,800 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086