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

There are 28 homes listed for sale – 15 Active listings and 13 Active Under Contract listings – in Wallingford PA and Nether Providence Township on December 1, 2020 with an average asking price of $454,568.

Nearly half of more than 2,000 Americans recently surveyed say they plan to move soon to reduce living expenses, according to a new survey from LendingTree. Forty-six percent of respondents say they plan to relocate within the next year.

The pandemic has motivated more Americans to consider a move. Sixty-four percent of remote workers say they are considering a move. Many consumers say the COVID-19 outbreak also has led them to change their living situation.

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Wallingford Market Snapshot – 28 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$454,568	$434,500	$45,000	$999,900	75

Single Home Market Snapshot – 20 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$552,730	$549,500	$264,999	$949,900	85

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$386,467	$399,500	$399,500	$420,000	72

Condo Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$121,333	$124,500	$109,500	$130,000	10

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$74,950	$74,950	$45,000	$104,900	78

3 Wallingford PA homes went under contract 

No new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

30 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold November 23, 2020 To November 29, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
715 Pine Ridge Road	SNG	5	3.1	$703,000	11/24/20	4
403 Saybrook Lane	TOWN	2	2.2	$270,000	11/24/20	4
217 Sykes Lane	SNG	4	2.0	$375,000	11/24/20	5
407 Emerald Lane	SNG	3	1.0	$237,000	11/25/20	24
AVERAGE				$396,250		9

407 Emerald Lane sold with a $5,000 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 32 homes listed for sale in Wallingford PA and Nether Providence Township on November 24, 2020 with an average asking price of $460,262.

Home buyers and refinancing homeowners likely have never locked in this low of rate before for the 30-year fixed-rate mortgage. For the 13th time this year, the 30-year fixed-rate mortgage set a record low, averaging 2.72% this week, according to Freddie Mac’s records, which date back to 1971. The previous all-time low was set the week of Nov. 5, when 30-year rates averaged 2.78%.

The ultra-low mortgage rates are boosting home buying activity to the highest level since 2006, the National Association of REALTORS® reports. In October, existing-home sales jumped by 27% annually, with activity in the Midwest and South reaching all-time highs. Home construction is also rising, with single-family housing starts reaching the highest production rate since 2007.

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Wallingford Market Snapshot – 32 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$460,262	$463,500	$45,000	$999,900	64

Single Home Market Snapshot – 24 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$544,317	$524,000	$264,999	$949,900	69

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$386,467	$399,500	$399,500	$420,000	68

Condo Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$118,167	$115,000	$109,500	$130,000	16

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$74,950	$74,950	$45,000	$104,900	71

2 Wallingford PA homes went under contract 

3 new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

32 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold November 16, 2020 To November 22, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
626 Georgetown Road	SNG	4	1.2	$374,500	11/16/20	7
616 Bickmore Drive	SNG	3	2.0	$405,000	11/17/20	29
338 Saybrook Lane	CONDO	2	1.0	$127,000	11/19/20	40
815 Parkridge Drive	SNG	4	2.1	$395,000	11/20/20	3
217 Martroy Lane	SNG	4	2.0	$540,000	11/20/20	5
AVERAGE				$368,300		17

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 33 homes listed for sale in Wallingford PA and Nether Providence Township on November 10, 2020 with an average asking price of $500,542.

Home prices continue to climb in a market with limited number of homes for sale and high buyer demand. The majority of major metros across the U.S. posted double-digit price gains in the third quarter. Single-family existing home prices increased in all 181 metro areas tracked in the National Association of REALTORS®’ latest quarterly report, released Thursday.

The price of single-family homes surged 12% year over year to $313,500. The Western region of the U.S. led the country in price appreciation, up 13.7%, followed closely by the Northeast at 13.3%, the South at 11.4%, and the Midwest at 11.1%.

Sixty-five percent of the metro areas tracked by NAR reported double-digit price gains compared to a year ago. As a comparison, in the second quarter, less than 10% of the metro areas recorded double-digit increases.

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Wallingford Market Snapshot – 33 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$500,542	$485,000	$104,900	$999,900	64

Single Home Market Snapshot – 27 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$564,407	$549,000	$264,999	$999,900	64

Townhouse Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$409,750	$409,750	$399,500	$420,000	96

Condo Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$118,167	$115,000	$109,500	$130,000	16

Twin Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$104,900	$104,900	$104,900	$104,900	130

9 Wallingford PA homes went under contract 

3 new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

1 listing expired

33 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold November 9, 2020 To November 15, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
433 New Jersey Avenue	ROW	3	1.0	$131,500	11/12/20	6
702 Concord Court	TWIN	2	1.0	$150,000	11/12/20	5
1000 Putnam Blvd #504	CONDO	2	2.0	$188,000	11/12/20	8
747 Windsor Place	SNG	4	2.1	$481,000	11/13/20	3
AVERAGE				$237,625		6

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 36 homes listed for sale in Wallingford PA and Nether Providence Township on November 10, 2020 with an average asking price of $490,005.

Certain housing trends emerging from the pandemic likely will outlast the virus, real estate professionals predict. “The idea of what is necessary is changing,” Camille Thomas, a real estate professional in Jackson Hole, Wyo., told realtor.com®. “The home has become more than a living space.”

The Great Escape

The suburbs have become a hot place to be in the pandemic. Some real estate experts have called urban flight a myth, but Americans—particularly millennials—were already leaving crowded cities for the suburbs in the five years prior to the pandemic, according to the Urban Land Institute. Now the trend has accelerated. Housing inventory in the suburbs is shrinking faster than in urban areas, according to a report from realtor.com®.

The Urban Land Institute refers to the current booming housing market as “the great American move,” which was ignited by the pandemic, creating a growing desire to live in lower-density areas and propelling suburban growth. “People are not wanting to be in a city where it feels too crowded right now,” Suzi Dailey, a real estate professional with Realty One International in Orange County, Calif., told realtor.com®. “They are leaving cities in favor of homes with more space, a backyard, or some type of view.”

As more companies take their workforce fully remote, Americans may have more flexibility to move. They may seek larger homes in the suburbs and more affordability outside of city centers. The South, which tends to offer greater housing affordability, is benefiting most from relocation trends during the pandemic, ULI notes.

The Zoom Room

As remote work grows, being prepared for video conferences is growing in importance. Some real estate professionals and sellers are even including “Zoom rooms” in listings as part of the home’s features. These are areas in the home that serve as a dedicated corner or section of the home that offers an aesthetically pleasing background for video calls. “Buyers are looking for extra space to create workspaces for students and working parents,” Thomas told realtor.com®. “Three bedrooms are no longer enough. Now it must be three bedrooms and an additional workspace, at least.”

The home office has become a prime feature attracting buyers, real estate professionals reported in HomeLight’s Q2 2020 Top Agent Insights report. As remote work grows more common, home buyers need a formal home office. Designated home offices were the top feature in demand among home shoppers, followed by a home in a less dense location, single-family living, a private and spacious outdoor area, and a well-appointed kitchen, the survey shows.

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Wallingford Market Snapshot – 36 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$490,005	$497,450	$104,900	$999,900	57

Single Home Market Snapshot – 27 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$584,537	$550,000	$264,999	$999,900	63

Townhouse Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$409,750	$409,750	$399,500	$420,000	93

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$135,875	$122,500	$109,500	$185,000	12

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,900	$174,900	$104,900	$244,900	64

Row Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$148,900	$148,900	$148,900	$148,900	4

*DOM = Days On Market

3 Wallingford PA homes went under contract 

3 new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

32 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold November 2, 2020 To November 8, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
203 Avondale Road	SNG	4	2.0	$486,000	11/02/20	6
306 Henry Lane	SNG	4	2.0	$415,000	11/04/20	54
1152 Putnam Blvd	TOWN	4	3.1	$279,000	11/05/20	9
747 Windsor Place	SNG	4	2.1	$481,000	11/06/20	3
22 Chestnut Parkway	SNG	5	2.1	$350,000	11/06/20	8
AVERAGE				$402,200		16

2 homes sold with a Seller Assist

– 203 Avondale Road  – $14,500

– 1152 Putnam Blvd – $500

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 34 homes listed for sale in Wallingford PA and Nether Providence Township on November 3, 2020 with an average asking price of $492,413.

The 30-year fixed-rate mortgage continued to hover near its all-time low this week, as economists predict that historically low rates will likely remain into 2021.

The 30-year fixed-rate mortgage averaged 2.81% this week, up slightly from last week’s 2.80%, which was the lowest ever in Freddie Mac’s records, dating back nearly 50 years.

“The record-low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth,” says Sam Khater, Freddie Mac’s chief economist. “Strong purchase demand is helping to lift the construction, manufacturing, and transportation industries that build new homes and it is also leading to more consumer spending for owners, who are selling or improving their home.”

Ultra-low mortgage rates have helped homebuying activity to increase by nearly 70% compared to May, writes Nadia Evangelou, a research economist for the National Association of REALTORS® at the association’s blog.

Many homeowners are also taking advantage of the low mortgage rates to refinance their loans for lower monthly payments. Homeowners could save about $150 per month, on average, on their mortgage compared with rates a year ago. Mortgage rates lately are more than a full percentage point lower than rates over the last five years.

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Wallingford Market Snapshot – 34 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$492,413	$467,500	$104,900	$999,900	59

Single Home Market Snapshot – 25 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$589,340	$550,000	$264,999	$999,900	66

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$366,133	$399,500	$269,900	$429,000	58

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$150,000	$150,000	$115,000	$185,000	14

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,900	$174,900	$104,900	$244,900	60

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,175	$130,175	$128,850	$131,500	11

*DOM = Days On Market

3 Wallingford PA homes went under contract 

3 new listings came onto the market 

1 listing was withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

31 homes are Under Contract at this time

9 Wallingford PA homes sold last week

Wallingford Homes Sold October 26, 2020 To November 1, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #6C	CONDO	2	2.0	$135,000	10/26/20	18
302 Denver Court	ROW	2	1.0	$55,000	10/27/20	11
415 Hawthorne Road	SNG	3	2.1	$527,500	10/29/20	5
7 Kershaw Road	SNG	5	2.1	$875,000	10/29/20	3
104 Luckie Lane	SNG	5	3.3	$975,000	10/29/20	34
17 Berkshire Drive	SNG	5	3.0	$430,000	10/29/20	41
302 Woodward Road	SNG	4	2.1	$635,000	10/30/20	5
411 Woodward Road	SNG	6	4.0	$830,000	10/30/20	1
527 Washington Avenue	TWIN	3	1.1	$265,000	10/30/20	10
AVERAGE				$525,278		14

4 homes sold with a Seller Assist

– 415 Hawthorne Road – $5,360

– 104 Luckie Lane – $8,650

– 17 Berkshire Drive – $10,000

– 527 Washington Avenue – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086