Nether Providence Township

Wallingford PA Real Estate – February 28, 2022 To March 6, 2022

March 8, 2022 by admin

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

There are 18 homes listed for sale – 9 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on March 8, 2022 with an average asking price of $468,428.

A study by Redfin declared January 2022 the “most competitive month on record for homebuyers,” suggesting that low inventory also contributed to the frenzy. The site found that 70% of homes received more than one offer in January, up from 67.7% in January and up 61% year over year. Townhouses faced the most competition, with 72.6% involved in bidding wars, followed by single-family homes at 70.6%, then condos at 62.9% and multi-family properties at 62.7%. The report suggests that rising mortgage rates are leading buyers to more aggressive shopping to lock a rate in, as January was the first time since March 2020 that mortgage rates rose about 3.5%. The end of January and beginning of February saw prices rise 16% year over year, while new listings fell 8%, suggesting this buying frenzy isn’t ending anytime soon.

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Wallingford Market Snapshot – 18 Listings
*9 – Active 9 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$468,428	$554,500	$124,900	$725,000	18

Single Home Market Snapshot – 12 Listings
*4 – Active 8 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$561,883	$572,500	$329,000	$725,000	21

Twin Home Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$187,450	$187,450	$124,900	$250,000	14

Townhouse Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$461,700	$461,700	$303,900	$619,500	21

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$205,900	$205,900	$205,900	$205,900	6

Row Home Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$184,900	$184,900	$184,900	$184,900	6

1 Wallingford PA home went under contract

5 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

1 listing expired

42 homes are Under Contract at this time

6 Wallingford PA homes sold last week

**Wallingford Homes Sold February 28, 2022 To March 6, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
507 Moylan Avenue	SNG	5	2.1	$1,200,000	02/28/22	6
310 Marlyn Lane	SNG	4	3.0	$585,000	02/28/22	3
32 Mallard Mill Run	TOWN	2	2.0	$358,000	03/01/22	4
101 Emerald Street	SNG	4	3.0	$542,500	03/01/22	3
100 Cedar Road	SNG	3	1.1	$315,000	03/01/22	12
800 Avondale Road #2D	CONDO	3	2.0	$250,000	03/02/22	2
AVERAGE				$541,750		5

100 Cedar Road sold with $12,000 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 21, 2022 To February 27, 2022

March 1, 2022 by admin

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

There are 16 homes listed for sale – just 4 Active listings and 12 Active Under Contract listings – in Wallingford PA and Nether Providence Township on March 1, 2022 with an average asking price of $480,306.

It’s a tough time to be a first-time homebuyer. In 2021, more than a quarter of first-time homebuyers were unsuccessful at purchasing a home, compared to just 15% of all buyers, a recent Realtor.com survey found. However, many remain hopeful about making a purchase this year, with 72% of first-time buyers aiming to buy in 2022.

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Wallingford Market Snapshot – 16 Listings
*4 – Active 12 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$480,306	$537,500	$124,900	$725,000	19

Single Home Market Snapshot – 11 Listings
*1 – Active 10 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$539,700	$559,000	$329,000	$725,000	22

Twin Home Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$124,900	$124,900	$124,900	$124,900	19

Townhouse Market Snapshot – 4 Listings
*2 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$405,825	$351,950	$299,900	$619,500	11

6 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

44 homes are Under Contract at this time

5 Wallingford PA homes sold last week

**Wallingford Homes Sold February 21, 2022 To February 27, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road #PH4	CONDO	3	2.0	$127,000	02/22/22	7
115 Beech Road	SNG	3	2.0	$396,000	02/24/22	43
800 Avondale Road #7C	CNDO	2	2.0	$164,900	02/25/22	3
704 Hartford Court	TWIN	3	1.1	$172,000	02/25/22	25
712 Pennsylvania Avenue	TWIN	4	2.0	$239,999	02/25/22	21
AVERAGE				$219,980		20

800 Avondale Road #7C sold with $1,500 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 14, 2022 To February 20, 2022

February 22, 2022 by admin

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

There are 17 homes listed for sale – 7 Active listings and 10 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 22, 2022 with an average asking price of $475,288.

Homesellers’ profit jumped 45% in 2021.

According to ATTOM, home sellers received a profit of $94,092 on average, up from $64,931 in 2020 and up 71% from $55,000 in 2019. Sellers saw a return on their original investment of 45.3% on average in 2021, up from 33.6% in 2020 and 30.6% in 2019. This represents consecutive year-over-year increases for sellers in both profit and ROI over the past decade. With more than 5.7 million single-family homes and condos sold in 2021, the highest amount since 2005, many sellers jumped on the opportunity to make a profit. Home prices rose 16.1% in 2021, which helped boost sellers’ profits and ROI, but the pent-up demand for homes and low inventory drove it even further. It’s in stark contrast to 2008 through 2013, where most sellers did not make a profit and lost money, as much as $37,957 in 2011.

Home prices have risen 109% since 2011, and many sellers are taking advantage. Ninety-eight percent of markets saw home prices reach their highest point ever. Eighty-seven percent of markets saw their profit margins rise in 2021.

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Wallingford Market Snapshot – 17 Listings
*7 – Active 10 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$475,288	$525,000	$124,900	$725,000	21

Single Home Market Snapshot – 12 Listings
*5 – Active 7 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$540,975	$560,000	$329,000	$725,000	25

Twin Home Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$182,450	$182,450	$124,900	$239,999	17

Townhouse Market Snapshot – 3 Listings
*1 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$407,767	$303,900	$299,900	$619,500	10

1 Wallingford PA home went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

46 homes are Under Contract at this time

2 Wallingford PA homes sold last week

**Wallingford Homes Sold February 14, 2021 To February 20, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
208 Willow Road	SNG	3	1.1	$365,000	02/15/22	5
783 Pennsylvania Avenue	TWIN	2	1.0	$160,000	02/16/22	89
AVERAGE				$262,500		47

Neither home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 31, 2022 to February 13, 2022

February 15, 2022 by admin

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

There are 15 homes listed for sale – 6 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 15, 2022 with an average asking price of $442,653.

The housing market showed sales in Pennsylvania fell 29% in January compared to the previous month and are down about 4% compared to the same time last year, according to a report prepared for the Pennsylvania Association of Realtors®. Home sales in January were 9,920, compared to 13,997 in December 2021.

And the number of homes listed continues to be a challenge, falling nearly 6.6% in January 2022 compared to the previous month.

Wallingford homes sales were down over 50% in January 2022 compared to last year.

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Wallingford Market Snapshot – 15 Listings
*6 – Active 9 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$442,653	$524,900	$124,900	$619,500	23

Single Home Market Snapshot – 10 Listings
*4 – Active 6 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$505,160	$525,000	$329,000	$599,000	29

Twin Home Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$182,450	$182,450	$124,900	$239,999	13

Townhouse Market Snapshot – 3 Listings
*1 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$407,767	$303,900	$299,900	$619,500	8

8 Wallingford PA homes went under contract

4 new listings came onto the market

1 listing was withdrawn from the market

No listings were temporarily taken off the market

1 listing expired

46 homes are Under Contract at this time

7 Wallingford PA homes sold

**Wallingford Homes Sold January 31, 2021 To February 13, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
209 Willow Road	SNG	3	1.1	$223,000	02/03/22	83
509 S Media Way	TOWN	3	2.0	$573,395	02/03/22	16
1041 Putnam Blvd	TOWN	3	2.1	$285,000	02/04/22	45
101 Possum Hollow Road	SNG	4	2.1	$825,000	02/09/22	11
4 Irving Road	SNG	2	2.0	$225,000	02/10/22	5
508 Morris Lane	SNG	3	2.0	$402,000	02/10/22	9
9 E Rose Valley Road	SNG	3	1.1	$290,000	02/11/22	37
AVERAGE				$403,342		29

No homes sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 2022

February 5, 2022 by admin

Water Tower Behind Community Arts Center During A January Snow

Sales for January 2022 fell short of last year’s total by 11 homes. There were 10 sales in January 2022 that sold for an average price of $467,200 – a 18.5% increase over last year. January sales consisted of 9 single family homes, 1 townhouse, and 1 row home. A total of $4,672,000 in real estate changed hands during the month.

January’s 8 single family homes sold for an average price of $545,750 and averaged 49 days on the market. Last January 15 single family homes sold for an average price of $474,013 and averaged just 22 days on the market.

7 Church Road had the highest selling price for the month at $1,020,000.

Nineteen homes went under contract during the month – 9 singles, 4 townhouses, 3 twins, and 3 condos – with an average asking price of $372,255 and an average of 30 Days On Market.

Future settlements – 22 in February, 9 in March, and 6 in June and beyond.

**Wallingford Homes Sold January 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
765 Pennsylvania Avenue	ROW	3	1.0	$141,000	01/04/22	7
212 Maple Road	SNG	4	3.1	$355,000	01/04/22	25
211 Canterbury Drive	SNG	4	2.1	$440,000	01/05/22	7
111 W Possum Hollow Road	SNG	5	3.1	$525,000	01/05/22	34
802 Harvey Road	SNG	5	3.1	$725,000	01/06/22	66
7 Church Road	SNG	6	3.2	$1,020,000	01/10/22	0
1057 Putnam Blvd	TOWN	2	2.1	$165,000	01/18/22	5
308 Dogwood Lane	SNG	5	3.2	$650,000	01/21/22	89
1057 Putnam Blvd	TOWN	2	2.1	$165,000	01/18/22	5
308 Dogwood Lane	SNG	5	3.2	$650,000	01/21/22	89
AVERAGE				$467,200		40

* DOM = Days On Market

3 of 10 transactions had a Seller Assist:

– 212 Maple Road – $11,000

– 211 Canterbury Drive – $3,000

– 7 Church Road – $10,600

Financing Methods

– Conventional Mortgage – 8 transactions

– Cash – 2 transactions

**WALLINGFORD SINGLE HOMES – JANUARY 2022 – 8 SALES**
Avg Price	Median Price	Low	High	DOM*
$545,750	$482,500	$216,000	$1,020,000	49

**WALLINGFORD TOWNHOUSES – JANUARY 2022 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$165,000	$165,000	$165,000	$165,000	5

**WALLINGFORD ROW HOMES – JANUARY 2022 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$141,000	$141,000	$141,000	$141,000	1

**WALLINGFORD – JANUARY 2021 VS JANUARY 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	21	$394,269	29	99.1%	100.8%
2022	10	$467,200	40	97.3%	99.6%
	-52.4%	18.5%	38.0%	-1.8%	-1.2%

* DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

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* DOM = Days On Market

S. Clark Kendus