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

There are 58 homes listed for sale in Wallingford PA and Nether Providence Township on August 14, 2018 with an average asking price of $419,653.

The median age of owner-occupied homes in the U.S. is 37, indicating that more properties may become pricier to maintain as they grow older and vulnerable to disrepair, according to the 2016 American Community Survey.

More than half of the owner-occupied homes were built prior to 1980, and 38% before 1970. Sixteen percent of the housing stock was built between 2000 and 2009. The 3 million units that came to the market between 2010 and 2016, however, added only 4% to the owner-occupied housing stock.

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Wallingford Market Snapshot – 58 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$419,653	$374,900	$85,000	$1,875,000	105

Single Home Market Snapshot – 36 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$536,564	$418,250	$200,000	$1,875,000	110

Twin Home Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$180,960	$190,000	$124,900	$200,000	70

Townhouse Market Snapshot – 12 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$292,417	$307,450	$179,900	$399,900	116

Condo Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$139,933	$154,000	$89,900	$175,000	50

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$95,000	$95,000	$85,000	$105,000	128

*DOM = Days On Market

2 Wallingford PA homes went under contract

1 new listing came onto the market

1 listing expired

No listings were withdrawn from the market

30 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold August 6, 2018 To August 12, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
312 Woodward Road	5	3.1	$820,000	08/07/18	42
309 Copples Lane	4	2.2	$545,000	08/08/18	64
1000 Putnam Blvd #505	2	2.0	$160,000	08/09/18	94
102 Taylor Drive	3	2.0	$225,000	08/10/18	137
AVERAGE			$437,500		84

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 61 homes listed for sale in Wallingford PA and Nether Providence Township on August 7, 2018 with an average asking price of $402,293.

The U.S. homeownership rate posted another increase, reaching 64.3% in the second quarter, up a tenth of a percentage point from the first quarter, the Commerce Department reported this week. The rate has increased 0.6 percentage points over the past year.

Younger Americans, specifically those under the age of 35, are behind most of the recent increases in the ownership rate. The homeownership rate of this younger buyer group increased to 36.5% in the second quarter, up 1.2 percentage points from a year earlier.

Despite the overall increase in the second quarter, the homeownership rate still remains far below its peak of 69.2% in late 2004.

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Wallingford Market Snapshot – 61 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$402,293	$359,900	$85,000	$1,875,000	95

Single Home Market Snapshot – 36 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$533,964	$416,200	$200,000	$1,875,000	104

Twin Home Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$166,960	$190,000	$120,000	$200,000	67

Townhouse Market Snapshot – 12 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$292,417	$307,450	$179,900	$399,900	108

Condo Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$135,678	$129,990	$89,900	$175,000	33

Row Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$98,333	$105,000	$85,000	$105,000	85

*DOM = Days On Market

No Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

4 listings were withdrawn from the market

29 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold July 30, 2018 To August 5, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
620 W Wiltshire Drive	3	2.1	$219,900	07/30/18	33
501 Vernon Street	3	1.1	$145,000	07/30/18	1
106 Wisteria Lane	4	2.1	$545,000	07/31/18	131
8 Mallard Mill Run	3	3.0	$288,500	08/01/18	17
5 Morgan Lane	4	2.1	$599,000	08/01/18	5
207 Hidden Acres Lane	4	3.1	$500,000	08/03/18	69
800 Avondale Road #2P	1	1.0	$82,000	08/03/18	10
AVERAGE			$346,343		38

Three homes sold with a Seller Assist

– 620 W Wiltshire Drive – $10,000

– 106 Wisteria Lane – $17,500

– 5 Morgan Lane – $6,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 65 homes listed for sale in Wallingford PA and Nether Providence Township on July 31, 2018 with an average asking price of $408,934.

Sales of newly built single-family homes plunged to an eight-month low last month at a time when sales should be at their highest points of the year. New single-family home sales dropped 5.3% month-over-month in June to a seasonally adjusted annual rate of 631,000, the Commerce Department reported Wednesday. This marks the lowest monthly annualized sales pace since October 2017.

Builders say ongoing supply constraints are being exacerbated by recent tariff disputes, which are raising the costs of building materials. In April 2017, the Trump administration imposed anti-subsidy duties on imports of Canadian softwood lumber. Builders have said that move has significantly raised the cost of building a new home.

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Wallingford Market Snapshot – 65 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$408,934	$374,9500	$85,000	$1,875,000	93

Single Home Market Snapshot – 40 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$534,983	$421,200	$220,000	$1,875,000	102

Twin Home Market Snapshot – 6 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,967	$120,000	$120,000	$215,000	57

Townhouse Market Snapshot – 11 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$286,918	$279,900	$179,900	$395,000	112

Condo Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$136,098	$129,990	$92,000	$175,000	26

Row Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$98,333	$105,000	$85,000	$105,000	78

*DOM = Days On Market

3 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing expired

No listings were withdrawn from the market

35 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold July 23, 2018 To July 29, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
17 Ridley Drive	3	1.0	$250,000	07/24/18	11
619 Georgetown Road	4	1.1	$315,000	07/25/18	25
124 S Providence Road	3	1.1	$500,000	07/25/18	29
608 Washington Avenue	3	2.1	$122,000	07/27/18	13
AVERAGE			$296,750		20

Three homes sold with a Seller Assist

– 17 Ridley Drive – $15,000

– 124 S Providence Road – $21,250

– 608 Washington Avenue – $3,660

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 68 homes listed for sale in Wallingford PA and Nether Providence Township on July 24, 2018 with an average asking price of $410,979.

New York, Connecticut, Maryland, and New Jersey lawmakers are suing the federal government over a tax reform bill that put a cap of $10,000 on certain state and local tax deductions, including property taxes. Several states – such as these four – have state and local taxes that can far exceed $10,000.

The states claim that the cap on certain local and state deductions (commonly referred to as SALT deductions) is unconstitutional. They’re asking a federal court to overturn it.

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Wallingford Market Snapshot – 68 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$410,979	$374,950	$85,000	$1,875,000	92

Single Home Market Snapshot – 46 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$505,787	$419,450	$119,990	$1,875,000	97

Twin Home Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$171,780	$190,000	$124,900	$215,000	59

Townhouse Market Snapshot – 10 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$296,100	$313,950	$128,600	$399,900	115

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,900	$144,300	$92,000	$175,000	24

Row Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$101,633	$109,900	$85,000	$110,000	76

*DOM = Days On Market

7 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

No listings were withdrawn from the market

35 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold July 16, 2018 To July 22, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
904 Twyckenham Road	2	1.0	$695,018	07/18/18	6
510 Maple Road	3	1.1	$342,000	07/19/18	12
705 Windsor Place	3	1.1	$218,000	07/19/18	62
660 Niblick Lane	4	2.1	$312,000	07/20/18	79
AVERAGE			$391,755		40

All homes sold with a Seller Assist

– 904 Twyckenham Road – $1,750

– 510 Maple Road – $13,080

– 705 Windsor Place – $7,000

– 660 Niblick Lane – $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 66 homes listed for sale in Wallingford PA and Nether Providence Township on July 18, 2018 with an average asking price of $408,093.

More luxury home sales occurred in the first half of 2018. Transactions that were $1 million–plus were up 25% year over year, according to realtor.com®’s Luxury Home Index. That marks the largest leap in luxury home sales since January 2014. Luxury is defined as the top 5% of all residential home sales in a given market.

In the 91 luxury markets analyzed, the entry-level price rose 4.6 percent year over year. Seventeen of those 91 luxury markets saw prices grow 10% year over year. Also, the average property sold faster this year than last, averaging a 105-day window (down 7 days from a year ago).

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Wallingford Market Snapshot – 66 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$408,093	$377,450	$85,000	$1,875,000	90

Single Home Market Snapshot – 46 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$489,618	$411,200	$119,250	$1,875,000	95

Twin Home Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$171,780	$190,000	$124,900	$215,000	52

Townhouse Market Snapshot – 10 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$298,090	$313,950	$179,900	$399,900	108

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$133,500	$133,500	$92,000	$175,000	13

Row Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$101,633	$109,900	$85,000	$110,000	69

*DOM = Days On Market

4 Wallingford PA homes went under contract

7 new listings came onto the market

No listings expired

No listings were withdrawn from the market

34 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold July, 9 2018 To July 15, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road #PH11	2	1.0	$136,500	07/10/18	287
10 Oak Knoll Drive	4	2.2	$425,000	07/10/18	25
708 Columbus Court	2	1.0	$98,500	07/12/18	7
620 E Wiltshire Drive	3	2.1	$213,000	07/13/18	51
AVERAGE			$217,719		93

2 homes sold with a Seller Assist

– 708 Columbus Court – $2,891

– 620 E Wiltshire Drive – $6,390

Wallingford PA Real Estate – Wallingford, PA 19086