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

There are 83 homes listed for sale in Wallingford PA and Nether Providence Township on May 24, 2016 with an average asking price of $375,791.

There are fewer homes for sale across the country, 5.9% less than last year according to Zillow, and the supply of entry level homes has dwindled notably by 10.4% since last year.

Locally the number of homes on the market has dropped 19.4% compared to the same week last year. The average listing price at that time was $336,795.

Wallingford Market Snapshot – 83 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$375,791	$334,900	$59,900	$1,225,000	102

Single/Twin Market Snapshot – 65 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$430,451	$380,000	$90,000	$1,225,000	93

Townhouse/Condo Market Snapshot – 18 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$178,411	$174,450	$59,000	$384,900	137

*DOM = Days On Market

3 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

3 listings were withdrawn from the market

54 homes are Under Contract at this time

9 Wallingford PA homes sold last week

Wallingford Homes Sold May 16, 2016 To May 22, 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
208 Cedar Road	3	1.0	$180,000	05/16/16	339
8 Laurie Lane	4	2.1	$374,000	05/16/16	21
420 New Jersey Avenue	3	1.0	$137,600	05/17/16	141
210 Moylan Avenue	4	2.1	$672,500	05/17/16	4
221 Moylan Avenue	4	2.1	$700,000	05/20/16	118
963 Putnam Blvd	2	2.1	$165,000	05/20/16	137
110 Canterbury Drive	3	1.1	$323,000	05/20/16	5
629 W Wiltshire Drive	3	3.1	$225,000	05/20/16	207
600 Wallingford Avenue	3	1.1	$244,900	05/16/16	237
Average			$335,778		134

4 homes sold with a Seller Assist:

– 8 Laurie Lane – $3,000

– 420 New Jersey Avenue – $7,000

– 629 W Wiltshire Drive – $10,000

– 600 Wallingford Avenue – $3,900

103 Ronaldson Street was A Bank Owned Foreclosure.

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 89 homes listed for sale in Wallingford PA and Nether Providence Township on May 10, 2016 with an average asking price of $373,545.

The number of home buyers who say now is a good time to buy dipped to an all-time survey low in Fannie Mae’s latest Home Purchase Sentiment Index. Meanwhile, home owners who say now is a good time to sell soared to an all-time survey high.

The disconnect in the market is likely partially due to the limited number of homes for sale in many markets, allowing sellers to face less competition and ask for higher home prices. On the other hand, home buyers are having fewer choices and stuck paying higher prices, sometimes in multiple-bid situations.

Wallingford Market Snapshot – 89 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$372,545	$350,000	$59,900	$1,225,000	111

Single/Twin Market Snapshot – 68 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$438,148	$3897,450	$95,000	$1,225,000	94

Townhouse/Condo Market Snapshot – 21 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$160,113	$169,900	$59,000	$389,900	163

*DOM = Days On Market

7 Wallingford PA homes went under contract

7 new listings came onto the market

No listings expired

No listings were withdrawn from the market

56 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold May 2, 2016 To May 8, 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
7 Mallard Mill Run	3	3.0	$272,000	05/02/16	220
15 Strathmore Court	5	4.1	$799,950	05/02/16	12
519 Wildflower Lane	4	3.2	$686,000	05/02/16	8
1000 Putnam Blvd #501	2	2.0	$120,000	05/03/16	194
782 Pennsylvania Avenue	1	1.0	$66,000	05/03/16	2
621 Morris Lane	3	2.1	$315,000	05/04/16	15
Average			$376,492		75

1 home sold with a Seller Assist:

– 15 Strathmore Court – $2,000

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 May 3, 2016 with an average asking price of $359,555.

The average median property tax rate across the nation is 1.31%. That translates to a home owner with a home valued at $200,000, on average, paying an annual amount of $2,620 in property taxes, according to an analysis by CoreLogic’s data team.

Illinois has the highest median property tax rate at 2.67%. Hawaii, on the other hand, has the lowest at 0.31%.

In the analysis Pennsylvania home owner’s paid an average of 2.09% of their home’s value in property taxes.

Wallingford Market Snapshot – 89 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$359,555	$350,000	$59,900	$1,050,000	111

Single/Twin Market Snapshot – 67 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$422,009	$384,950	$95,000	$1,050,000	97

Townhouse/Condo Market Snapshot – 22 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$165,627	$172,400	$59,000	$389,900	153

*DOM = Days On Market

3 Wallingford PA homes went under contract

4 new listings came onto the market

3 listings expired

1 listing was withdrawn from the market

52 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold April 25, 2016 To May 1, 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
630 Morris Lane	3	2.1	$337,500	04/28/16	166
1096 Putnam Blvd	3	2.1	$182,000	04/28/16	29
624 Georgetown Road	4	1.2	$235,000	04/28/16	10
723 Windsor Place	4	2.1	$337,000	04/29/16	25
110 Westminster Drive	4	2.0	$280,000	04/29/16	2
Average			$274,300		46

2 homes sold with a Seller Assist:

– 630 Morris Lane – $9,950

– 723 Windsor Place – $10,110

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 April 26, 2016 with an average asking price of $362,075.

Freddie Mac economists are still upbeat about the housing market’s outlook for the rest of the year, despite recent data that showed a gloomier first quarter in economic growth than originally projected. According to Freddie Mac’s April outlook, housing will “maintain its momentum in 2016 and be an economic engine of growth.”

Freddie Mac economists made the following predictions for the remainder of 2016:

• Employment: The labor market is expected to stay strong. The unemployment rate is projected to drop back below 5% for 2016 and 2017. “Stronger economic growth for the remainder of 2016 and reduced slack in the labor market will drive wage gains above inflation, though the gains are likely to be modest,” Freddie’s report notes.
• Mortgage originations: Loan originations are estimated to rise by $50 billion in 2016 and reach $1.7 billion. The forecasted boost is a result of low mortgage rates that are fueling a refinancing boom.
• Mortgage rates: Low mortgage rates are expected to stick around longer. The 30-year fixed-rate mortgage averaged 3.7% in the first quarter. “After lowering the forecast for subsequent quarters by a tenth of a percent, expect rates to average 4% in 2016,” Freddie Mac researchers note.
• Housing prices: Home prices will rise by 4.8% in 2016 and by another 3.5% in 2017, Freddie Mac researchers predict. These rising home prices will lead home owners’ to see more equity gains.

Wallingford Market Snapshot – 90 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$362,075	$349,950	$59,900	$1,050,000	111

Single/Twin Market Snapshot – 67 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$430,062	$390,000	$110,000	$1,050,000	101

Townhouse/Condo Market Snapshot – 23 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$164,026	$169,900	$59,000	$389,900	140

*DOM = Days On Market

8 Wallingford PA homes went under contract

10 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

56 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold April 18, 2016 To April 24, 2016

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
733 Hemlock Road	4	4.1	$696,500	04/20/16	6
Average			$696,500		6

 

Wallingford PA Real Estate – Wallingford, PA 19086