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Wallingford PA Real Estate – July 20, 2020 To July 26, 2020

July 28, 2020 by admin

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

There are 38 homes listed for sale in Wallingford PA and Nether Providence Township on July 28, 2020 with an average asking price of $424,139.

While unemployment remains high and the economy continues to suffer from the COVID-19 pandemic, the housing market is proving resilient. During the second quarter of this year, home sellers netted a median $75,971 profit at resale, up from $66,500 in the first quarter and $65,250 a year earlier, according to research firm ATTOM Data Solutions. The second-quarter figure represents a 36.3% return on investment – the highest level since the Great Recession – and is up from 34.5% in the first quarter and 33.7% a year prior, ATTOM Data Solutions reports.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 38 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$424,139	$375,000	$126,900	$1,034,900	46

Single Home Market Snapshot – 26 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$516,908	$439,500	$235,000	$1,034,900	57

Townhouse Market Snapshot – 8 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$269,863	$245,000	$165,000	$415,000	25

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,600	$129,900	$126,900	$132,000	19

Row Home Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,000	$130,000	$130,000	$130,000	21

*DOM = Days On Market

7 Wallingford PA homes went under contract

4 new listings came onto the market

No listings were withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

51 homes are Under Contract at this time

6 Wallingford PA homes sold last week

**Wallingford Homes Sold July 20, 2020 To July 26 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
733 S Providence Road	SNG	3	2.1	$248,000	07/20/20	99
907 Twyckenham Road	SNG	4	3.0	$702,000	07/21/20	6
211 Plush Mill Road	SNG	4	2.2	$485,000	07/22/20	4
32 Mallard Mill Run	TOWN	3	2.1	$314,500	07/22/20	18
221 Engle Drive	SNG	4	3.0	$416,000	07/23/20	5
300 Denis Lane	SNG	3	1.1	$340,000	07/23/20	3
AVERAGE				$417,583		23

2 homes sold with a Seller Assist

– 211 Plush Mill Road – $3,945

– 32 Mallard Mill Run – $1,500

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 13, 2020 To July 19, 2020

July 21, 2020 by admin

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

There are 41 homes listed for sale in Wallingford PA and Nether Providence Township on July 21, 2020 with an average asking price of $430,166.

The 30-year fixed-rate mortgage averaged 2.98% this week, the lowest rate in Freddie Mac’s records dating back to 1971.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 41 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$430,166	$415,000	$126,900	$1,034,900	47

Single Home Market Snapshot – 29 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$511,697	$449,500	$239,000	$1,034,900	53

Townhouse Market Snapshot – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$284,843	$245,000	$214,000	$415,000	25

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,600	$129,600	$126,900	$132,000	15

Twin Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$284,900	$284,900	$284,900	$284,900	157

Row Home Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,000	$130,000	$130,000	$130,000	14

*DOM = Days On Market

13 Wallingford PA homes went under contract

2 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

50 homes are Under Contract at this time

4 Wallingford PA homes sold last week

**Wallingford Homes Sold July 13, 2020 To July 19, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1 Hickory Lane	SNG	3	2.0	$414,000	07/14/20	3
411 Sheffield Drive	SNG	5	3.0	$469,800	07/16/20	56
211 Maple Road	SNG	4	2.0	$350,000	07/17/20	7
403 Burning Tree Road	SNG	3	2.0	$373,500	07/17/20	5
AVERAGE				$401,825		18

No homes sold had a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 6, 2020 To July 12, 2020

July 14, 2020 by admin

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

There are 44 homes listed for sale in Wallingford PA and Nether Providence Township on July 14, 2020 with an average asking price of $412,218.

Some homes have a rich history that dates back centuries. Thousands of historical homes built between the late 1500s and early 1900s are still standing in the U.S. and are on the National Register of Historic Places.

Where are you most likely to find one of these treasures? Homes.com recently analyzed 50 of the oldest or most historic cities in the U.S., and then ranked each city based on their total number of registered historical homes per capita and where the percentage of historical homes was highest.

Researchers uncovered that some cities tend to be a haven for historic homes. They also located homes that date back hundreds of years. For example, one of the oldest is a home in Key West, FL, that dates back to 1521 and later became a home to Earnest Hemingway. A home in St. Augustine, FL, once was owned by Spanish admiral Pedro Menéndez de Aviles and dates back to 1565.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 44 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,218	$367,500	$110,000	$1,034,900	43

Single Home Market Snapshot – 31 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$493,403	$439,000	$239,000	$1,034,900	46

Townhouse Market Snapshot – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$274,129	$245,000	$214,000	$415,000	28

Condo Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$127,660	$129,900	$110,000	$139,500	18

Twin Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$284,900	$284,900	$284,900	$284,900	155

*DOM = Days On Market

6 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing was withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

43 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold July 6, 2020 To July 12, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
206 Knoll Road	SNG	4	3.0	$539,000	07/06/20	8
AVERAGE				$539,000		8

206 Knoll Road sold with a $8,700 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 2nd Quarter 2020 Review

July 8, 2020 by admin

The 2nd quarter of 2020 in Wallingford PA did not escape the effects of the pandemic and the ensuing shutdown of the real estate industry. A total of just 38 homes sold during the quarter, down 54.2% from a total of 83 last year. The average sales bucked that trend rising 6.7% to $382,315.

A total of $14,527,978 of real estate changed hands during the quarter.

The core category of single family homes recorded 29 sales with an average selling price of $450,652 compared to last year’s average selling price of $407,087 when 62 singles homes sold.

Days On Market averaged just 14 days vs 30 last year.

April recorded 14 sales, May had 10 sales, and 14 homes were sold in June.

The highest priced home sold in the quarter was 101 Mulberry Lane which sold in June for $870,000.

**WALLINGFORD – 2ND QUARTER 2019 VS 2ND QUARTER 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	83	$358,286	30	97.3%	98.2%
2020	38	$382,315	14	100.0%	100.5%
	-54.2%	6.7%	-53.3%	2.7%	2.3%

2ND QUARTER 2020 – SALES BY PRICE RANGE

PRICE RANGE	SALES	% Of SALES
< $100,000	2	5.3%
$100,000 To $200,000	4	10.5%
$200,000 To $300,000	5	13.2%
$300,000 To $400,000	11	28.9%
$400,000 To $500,000	6	15.8%
$500,000 To $600,000	6	15.8%
$600,000 To $700,000	2	5.3%
$700,000 To $800,000	1	2.6%
$800,000 To $900,000	1	2.6%
TOTAL	38

Single Family Homes Sold – 2nd Quarter 2020 – 29 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$450,652	$425,000	$223,000	$870,000	11

Condominiums Sold – 2nd Quarter 2020 – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$108,416	$121,679	$70,500	$130,000	34

Twin Homes Sold – 2nd Quarter 2020 – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$229,250	$235,000	$131,000	$316,000	11

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 2020

July 8, 2020 by admin

Leiper House

June is historically the busiest time of the year in real estate especially in terms of settlements. However this year is anything but typical and the limitations placed on the real estate industry as a result of the pandemic all but halted business during March and April and thus cut off the typical pipeline of business which makes June such a busy month. With that said June 2020 recorded just 14 sales which fell way short of last year’s tally by 20 homes.

The average sales price in June was $419,021, which represents a 14.2% increase compared to last year. When listing sold, most likely virtually, prices stayed at or above asking in most all cases and competition among buyers was fierce for the little inventory that was available. June’s 14 sales consisted of 10 single family homes, 2 twins, and 2 condominiums.

A total of $5,866,399 of real estate changed hands this month – contrast that to last year’s total of $12,479,699 and the impact of the pandemic can be easily seen.

There were 10 single family homes sold in June – compared with 25 last June – with an average price of $510,490, a price that is $100K higher than last year. Singles averaged just 9 days on the market.

The highest selling price for the month was $870,000 for 101 Mulberry Lane in the neighborhood of Bowling Green.

Once business opened up buyers who were waiting on the sidelines came out strong. A total of 28 homes went under contract during June far outpacing the number of contract signings last year when 15 deals were inked. The average list price of the 24 singles, 3 townhouses, and 1 condo was $412,982.

There are 20 settlements scheduled with 14 in July and 6 in August.

At the mid point of the year sales are down 26.4% compared to 2019’s first 6 months. There have been 92 sales so far in 2020 compared to 125 in 2019. The average sale price has increased 2.5% over last year coming in at $351,617.

**Wallingford Homes Sold June 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
310 W Brookhaven Road	SNG	3	1.1	$325,000	06/05/20	3
39 Waterford Way	SNG	5	3.1	$520,000	06/10/20	5
419 Palmers Lane	SNG	4	2.2	$530,000	06/12/20	28
314 Marlyn Lane	SNG	4	3.1	$559,900	06/12/20	11
101 Mulberry Lane	SNG	5	2.1	$870,000	06/19/20	4
503 Media Pkwy	SNG	3	1.0	$223,000	06/22/20	10
800 Avondale Road #4E	CONDO	1	1.0	$70,500	06/23/20	86
626 E Wiltshire Drive	TWIN	3	2.1	$245,000	06/26/20	3
707 Harvey Road	SNG	3	2.0	$350,000	06/26/20	4
301 Copples Lane	SNG	5	2.1	$735,000	06/26/20	14
352A Saybrook Lane	CONDO	2	1.0	$129,000	06/26/20	6
125 Westminster Drive	SNG	3	1.1	$376,000	06/30/20	2
103 E Rose Valley Road	SNG	4	2.2	$616,000	06/30/20	5
202 Ronaldson Street	TWIN	3	2.1	$316,000	06/30/20	29
AVERAGE				$419,021		15

* DOM = Days On Market

6 of 14 homes sold with a Seller Assist:

– 39 Waterford Way – $500

– 419 Palmers Lane- $7,650

– 314 Marlyn Lane – $2,500

– 101 Mulberry Lane – $3,950

– 503 Media Pkwy – $8,920

– 301 Copples Lane – $1,000

Financing Methods

– Conventional Mortgage – 11 transactions

– Cash – 2 transactions

– FHA Mortgage – 1 transaction

800 Avondale #4E was a Bank Owned foreclosure sale

**WALLINGFORD SINGLE HOMES SOLD – JUNE 2020 – 10 SALES**
Avg Price	Median Price	Low	High	DOM*
$510,490	$525000	$223,000	$870,000	9

**WALLINGFORD TWINS SOLD – JUNE 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$280,500	$280,500	$245,000	$316,000	16

**WALLINGFORD CONDOS SOLD – JUNE 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$100,200	$100,200	$70,500	$129,900	46

**WALLINGFORD – JUNE 2019 VS JUNE 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	34	$367,050	34	96.6%	97.4%
2020	14	$419,021	15	98.4%	99.4%
	-58.9%	14.2%	-55.9%	1.8%	2.0%

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus