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 May 26, 2020 with an average asking price of $433,129.

Homeowners trying to sell during the pandemic will likely need some patience and a degree of expectation that the process could take longer. Homes are taking about an average of 15 days more to sell – or about 27% longer – than a year ago, according to Realtor.com®’s data reflecting the week ending May 16. This marks the largest increase in the number of days that homes have spent on the market since 2013.

Days on the market have been gradually increasing since the pandemic began. During the first two weeks of March, prior to the outbreak’s growth in the U.S., homes were selling four days faster than a year ago.

“Mid-May is normally the time of year when homes sell the fastest,” says Danielle Hale, realtor.com®’s chief economist. “Today’s median time on the market is more like what we usually see in late February or November.”

But stay-at-home orders and unemployment have prompted a slowdown in the market. The National Association of REALTORS® reported on Thursday that existing-home sales dropped 17.8% in April compared to March. Many economists view the sales slump as temporary, particularly given the sudden uptick in mortgage applications for home purchases.

But, while days on the market have increased, consumers shouldn’t assume it’s a buyer’s market now, housing analysts say. Home prices are staying firm. NAR reports that existing-home prices for all housing types jumped 7.4% in April compared to a year ago.

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Wallingford Market Snapshot – 34 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$433,129	$396,450	$125,000	$1,044,900	61

Single Home Market Snapshot – 23 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$518,439	$535,000	$223,000	$1,044,900	70

Townhouse Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,580	$319,000	$229,900	$389,000	34

Condo Market Snapshot – 3 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$134,800	$129,900	$125,000	$149,500	49

Twin Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$283,333	$290,000	$245,000	$315,000	46

*DOM = Days On Market

5 Wallingford PA home went under contract 

3 new listings came onto the market 

0 listings were withdrawn from the market

2 listings were temporarily taken off the market

0 listings expired

21 homes are Under Contract at this time

No Wallingford PA homes sold last week

Wallingford Homes Sold May 18, 2020 To May 24, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –	–	–	–	–	–	–
AVERAGE				–		–

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 29 homes listed for sale in Wallingford PA and Nether Providence Township on May 19, 2020 with an average asking price of $445,344.

Americans are resuming their house hunting online after taking a pause during the initial stages of the COVID-19 outbreak. One way to track potential buyer interest: internet searches.

LendingTree’s team analyzed Google search data to see how popular the search term “homes for sale” is in 50 of the nation’s largest metros. Overall, searches for the term “homes for sale” have risen in every metro tracked, compared to their 2020 lows at the onset of the coronavirus outbreak in the U.S..

By the end of April, the number of property searches had rebounded by 54%

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Wallingford Market Snapshot – 29 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$445,344	$409,000	$125,000	$1,044,900	68

Single Home Market Snapshot – 21 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$518,871	$535,000	$223,000	$1,044,900	76

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$297,967	$275,000	$229,900	$389,000	42

Condo Market Snapshot – 2 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$137,250	$137,250	$125,000	$149,500	64

Twin Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$283,333	$290,000	$245,000	$315,000	29

*DOM = Days On Market

3 Wallingford PA home went under contract 

1 new listing came onto the market 

0 listings were withdrawn from the market

0 listings were temporarily taken off the market

0 listings expired

16 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold May 11, 2020 To May 17, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
402 Golfview Road	SNG	4	2.0	$525,000	05/11/20	6
15 Waterville Road	SNG	4	3.1	$380,000	05/14/20	2
120 Beech Road	SNG	3	1.0	$240,000	05/15/20	10
AVERAGE				$381,667		6

120 Beech Road sold with a  $1,000 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 May 12, 2020 with an average asking price of $439,997.

The 30-year fixed-rate mortgage inched up slightly this week to average 3.26%, but remains near its record low.

“Mortgage rates stayed at or near record lows for the fifth straight week and homeowners are taking advantage with refinance activity remaining high,” says Sam Khater, Freddie Mac’s chief economist.

Freddie Mac reports the following national averages with mortgage rates for the week ending May 7:

• 30-year fixed-rate mortgages: averaged 3.26%, with an average 0.7 point, rising from last week’s 3.23% average. Last year at this time, 30-year rates averaged 4.10%.
• 15-year fixed-rate mortgages: averaged 2.73%, with an average 0.7 point, falling from last week’s 2.77%. A year ago, 15-year rates averaged 3.57%.
• 5-year hybrid adjustable-rate mortgages: averaged 3.17%, with an average 0.3 point, rising from last week’s 3.14% average. A year ago, 5-year ARMs averaged 3.63%.

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Wallingford Market Snapshot – 32 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$439,997	$399,900	$125,000	$1,049,900	62

Single Home Market Snapshot – 25 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$492,448	$534,900	$223,000	$1,049,900	65

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$297,967	$275,000	$229,900	$389,000	35

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,900	$129,900	$125,000	$134,800	69

Twin Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$307,500	$307,500	$300,000	$315,000	58

*DOM = Days On Market

1 Wallingford PA home went under contract 

1 new listing came onto the market 

0 listings were withdrawn from the market

0 listings were temporarily taken off the market

0 listings expired

14 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold May 4, 2020 To May 10, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
720 Pine Ridge Road	SNG	5	3.1	$670,000	05/04/20	40
800 Avondale Road #2M	CONDO	1	1.0	$90,000	05/05/20	12
1014 Beech Road	SNG	2	1.1	$363,000	05/08/20	6
AVERAGE				$374,333		19

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 30 homes listed for sale in Wallingford PA and Nether Providence Township on May 5, 2020 with an average asking price of $456,367.

The handshake used to be a universal custom when closing a deal. Has the COVID-19 pandemic killed the ritual for good?

A 2019 study published in the Journal of Personality of Social Psychology prior to the coronavirus outbreak found that handshakes were perceived as an intent to cooperate and led to improved negotiation outcomes. But health experts say that in a time of social distancing, shaking hands is an outdated custom. Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, has said: “I don’t think we should ever shake hands ever again. … We’ve got to break that custom. Because as a matter of fact, that is really one of the major ways that you can transmit a respiratory illness.”

If the handshake fades away, what customs will replace it? A commentary in USA Today proposes bypassing handshakes and making introductions at business meetings with a simple “hello” or “pleasure to see you.” Some may want to take cues from other cultures, replacing the handshake with a bow at the waist, for example. Others have suggested clasping your hands together in a prayer-like gesture or crossing your wrists on your chest while making eye contact.

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Wallingford Market Snapshot – 30 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$456,367	$499,900	$125,000	$1,049,900	70

Single Home Market Snapshot – 25 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$497,088	$535,000	$223,000	$1,049,900	72

Townhouse Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$389,000	$389,000	$389,000	$389,000	88

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,900	$129,900	$125,000	$134,800	62

Twin Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$307,500	$307,500	$300,000	$315,000	51

*DOM = Days On Market

3 Wallingford PA homes went under contract 

1 new listing came onto the market 

0 listings were withdrawn from the market

0 listings were temporarily taken off the market

0 listings expired

17 homes are Under Contract at this time

10 Wallingford PA homes sold last week

Wallingford Homes Sold April 27, 2020 To May 3, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
312 Scott Lane	SNG	3	2.1	$397,000	04/27/20	9
306 Marlyn Lane	SNG	3	2.1	$410,000	04/27/20	22
111 Luckie Lane	SNG	3	2.0	$535,000	04/28/20	7
903 Twyckenham Road	SNG	3	2.1	$510,000	04/29/20	3
438 Vernon Street	TWIN	3	1.0	$131,000	04/30/20	7
208 Ash Road	SNG	3	1.1	$320,000	04/30/20	8
300 Hastings Avenue	SNG	4	2.0	$312,000	04/30/20	6
645 W Wiltshire Road	TWIN	3	2.0	$225,000	04/30/20	4
831 Parkridge Drive	SNG	3	2.1	$380,000	04/30/20	14
501 Georgetown Road	SNG	4	2.1	$475,000	05/01/20	6
AVERAGE				$369,500		9

4 homes sold with a  Seller Assist

– 306 Marlyn Lane – $2,500

– 111 Luckie Lane – $15,310

– 208 Ash Road – $3,000

– 501 Georgetown Road – $5,850

Wallingford PA Real Estate – Wallingford, PA 19086