Wallingford Weekly Update 2017

Wallingford PA Real Estate – March 6, 2017 To March 12, 2017

March 14, 2017 by admin

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

There are 64 homes listed for sale in Wallingford PA and Nether Providence Township on March 14, 2017 with an average asking price of $382,220.

Mortgage rates are expected to continue a slow rise throughout the year with predictions that mortgage rates will reach as high as 4.5% by years end. The planned rate hikes by the Federal Reserve Bank are a major contributor but not the sole reason why rates will climb. Strong job growth numbers and an improving economy are also factors.

Buyers need to keep the rise in rates in perspective. While no longer at historic lows rates significantly lower than the not too distant past.

Freddie Mac’s Northeast Weekly Mortgage Survey reported the average 30 year fixed rate mortgage standing at 4.19% last week.

Wallingford Market Snapshot – 64 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$382,220	$359,950	$91,900	$1,075,000	97

Single/Twin Market Snapshot – 50 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$434,460	$412,400	$99,900	$1,075,000	90

Townhouse/Condo Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$195,650	$179,950	$91,900	$435,000	124

*DOM = Days On Market

3 Wallingford PA homes went under contract

8 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

27 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold March 6, 2017 To March 12, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
212 Moylan Avenue	4	2.1	$460,000	03/06/17	318
4 Church Road	5	3.2	$620,000	03/06/17	99
854B Putnam Blvd	2	1.0	$90,900	03/10/17	48
Average			$390,300		155

212 Moylan Avenue sold with a $2,550 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate February 27, 2017 To March 5, 2017

March 7, 2017 by admin

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

There are 59 homes listed for sale in Wallingford PA and Nether Providence Township on March 7, 2017 with an average asking price of $367,501.

The New York Times reported 2016 saw a record spike in millionaires relocating to a different country. While the number was small, 82,000 millionaires, it’s a 28% jump from 2015.

Where are they going? According to Fortune 11,000 millionaires hopped on over to Australia the most popular destination in 2016.

Similarly, the U.S. which attracted 10,000 millionaires in the same type period.

Canada came in 3rd and the UAE, also known as “where the rich and famous go to play,” attracted 5,000 more millionaires.

Wallingford Market Snapshot – 59 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$367,501	$349,900	$91,900	$1,075,000	100

Single/Twin Market Snapshot – 46 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$421,923	$401,950	$99,900	$1,075,000	91

Townhouse/Condo Market Snapshot – 13 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,930	$174,900	$91,900	$435,000	134

*DOM = Days On Market

4 Wallingford PA homes went under contract

8 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

25 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold February 27, 2017 To March 5, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
20 Chestnut Parkway	3	1.0	$193,000	02/28/17	177
200 Winterloch Way	4	1.1	$260,000	03/01/17	87
Average			$226,500		132

200 Winterloch Way sold with a $11,600 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 20, 2017 To February 27, 2017

February 28, 2017 by admin

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

There are 56 homes listed for sale in Wallingford PA and Nether Providence Township on February 28, 2017 with an average asking price of $406,376.

Pending homes sales across the country have slipped to a 12 month low as the number of homes on the market continues to dwindle, with inventory levels that are too low to satisfy demand.

In Wallingford inventory is down just over 25% compared to the same time last year.

Wallingford Market Snapshot – 56 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$406,376	$379,450	$91,900	$1,075,000	102

Single/Twin Market Snapshot – 44 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$467,906	$437,400	$99,900	$1,075,000	92

Townhouse/Condo Market Snapshot – 12 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$180,766	$174,950	$91,900	$435,000	138

*DOM = Days On Market

6 Wallingford PA homes went under contract

6 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

26 homes are Under Contract at this time

No Wallingford PA homes sold

Wallingford Homes Sold February 20, 2017 To February 26, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 13, 2017 To February 19, 2017

February 21, 2017 by admin

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

There are 54 homes listed for sale in Wallingford PA and Nether Providence Township on February 21, 2017 with an average asking price of $387,330.

The disconnect between homeowner estimates and appraiser opinions when it comes to home values grew for the second consecutive month, according to Quicken Loans’ National Home Price Perception Index. The average appraisal value was 1.47% below what owners expected in January.

In the Philadelphia metropolitan area appraisals were 2.94% lower than homeowners’ estimates.

Wallingford Market Snapshot – 54 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$387,330	$364,450	$79,000	$795,000	104

Single/Twin Market Snapshot – 42 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$444,708	$424,900	$99,900	$795,000	90

Townhouse/Condo Market Snapshot – 12 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$186,508	$182,000	$79,000	$435,000	149

*DOM = Days On Market

3 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

2 listings were withdrawn from the market

23 homes are Under Contract at this time

5 Wallingford PA homes sold

Wallingford Homes Sold February 13, 2017 To February 19, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
7 Shepherds Lane	4	2.1	$530,000	02/13/17	444
214 Moylan Avenue	4	3.0	$492,600	02/16/17	107
669 Niblick Lane	3	2.1	$280,000	02/16/17	70
111 Canterbury Drive	3	1.1	$201,800	02/16/17	2
107 Westminster Drive	4	2.1	$295,000	02/16/17	12
Average			$359,880		127

1 home sold with a Seller Assist:

– 107 Westminster Drive – $11,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 30, 2017 To February 12, 2017

February 14, 2017 by admin

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

There are 51 homes listed for sale in Wallingford PA and Nether Providence Township on February 14, 2017 with an average asking price of $394,670.

The number of homes for sale fell to the lowest level in nearly two decades in the fourth quarter, lifting prices and raising concerns that young buyers are being shut out of the market.

The median price of an existing single-family home increased in 89% of metropolitan areas in the fourth quarter compared with a year earlier, the National Association of Realtors reported last week. In the third quarter, prices rose in 87% of those markets from the same quarter a year earlier.

Wallingford Market Snapshot – 51 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$394,670	$359,500	$79,000	$795,000	104

Single/Twin Market Snapshot – 40 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$452,750	$434,450	$99,900	$795,000	90

Townhouse/Condo Market Snapshot – 11 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$183,427	$174,999	$79,000	$435,000	155

*DOM = Days On Market

9 Wallingford PA homes went under contract

13 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

23 homes are Under Contract at this time

6 Wallingford PA homes sold

Wallingford Homes Sold January 30, 2017 To February 12, 2017
ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
106 Orchard Avenue	6	5.1	$759,000	01/30/17	246
729 S Providence Road	4	2.1	$442,000	01/30/17	70
604 Morris Lane	3	2.1	$320,000	01/31/17	66
12 Mallard Mill Run	3	3.0	$274,000	02/06/17	50
908 Surrey Road	3	2.0	$325,000	02/09/17	216
116 Ash Road	3	1.1	$237,500	02/09/17	48
Average			$392,917		117

3 homes sold with a Seller Assist:

– 106 Orchard Avenue – $18,000

– 729 S Providence Road – $4,000

– 116 Ash Road – $7,125

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus