WALLINGFORD PA REAL ESTATE – DECEMBER 2011

We end the year on a positive note with December sales posting a doubling of same month of the previous year, with 10 Wallingford PA homes sold in December 2011 as opposed to 5 sales in December 2010. However the average sales price took a sharp 16.8% decline.

There were 10 Wallingford PA homes sold in December 2011.

WALLINGFORD PA HOMES SOLD – DECEMBER 2011

Address	Bed	Bath	Price	Settled
401 Trenton Court	2	1.0	$38,000	12/08/2011
612 Morris Lane	4	2.5	$263,500	12/09/2011
606 Morris Lane	3	2.5	$290,000	12/09/2011
742 Windsor Place	5	3.5	$347,500	12/12/2011
404 Christian Lane	4	2.5	$303,450	12/15/2011
100 Brent Drive	4	3.5	$370,000	12/15/2011
103 Garnet Lane	4	2.5	$245,000	12/16/2011
7 Strathmore Court	4	3.5	$715,000	12/20/2011
130 Dundee Mills Lane	3	3.5	$358,000	12/21/2011
402 Sheffield Drive	4	2.2	$359,000	12/21/2011

 

These 10 Wallingford PA homes were on the market an average of 185 days, with the average sold price representing 87.94% of the original asking price, and 94.99% of the last asking price.

For the short and long of it, Christian Lane was on the market for 24 days, while 7 Strathmore Court  was on the market 470 days.

Financing Methods

• Conventional – 8
• Cash – 1
• FHA – 1

A Seller Assist was utilized in 4 of the 10 Wallingford PA homes sold.

• 612 Morris Lane – $15,810
• 742 Windsor Place – $10,000
• 2 Strathmore Court  $5,000
• 402 Sheffield Drive – $1,000

 

Wallingford December 2011 Activity vs December 2010

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	5	$389,600	231	84.12%	95.84%
2011	10	$324,035	185	87.94%	94.99%
	100.0%	-16.8%	-19.9%	3.82%	-0.85%

 

Looking forward to January there are 5 settlements scheduled for the month.

 

SWARTHMORE REAL ESTATE – DECEMBER 2011 

2 Swarthmore homes sold during the month of December 2011.

SWARTHMORE HOMES SOLD – DECEMBER 2011

Address	Bed	Bath	Price	Settled
301 Dartmouth Avenue	3	1.5	$270,000	12/06/2011
550 Walnut Lane	6	2.5	$193,000	12/09/2011

 

These 2 Swarthmore homes sold for an average price of $231,500, and were on the market an average of 107 days, fetching 80.5% of original asking price, and 93.27% of last asking price.

301 Dartmouth Avenue was on the market 109 days, and 550 Walnut Lane was on the market 105 days.

550 Walnut Lane was a Bank Owned Property.

 

Swarthmore December 2011 Activity vs December 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	1	$134,500	275	84.12%	92.76%
2011	2	$231,500	107	80.50%	93.27%
	100.0%	72.1%	-61.1%	-3.62%	0.51%

WALLINGFORD REAL ESTATE NOVEMBER 2011

November marks another month that that sales increased over the same month of the previous year, with 17 Wallingford homes sold in November 2011 as opposed to 11 sales in November 2010.

There were 17 Wallingford homes sold in November 2011.

WALLINGFORD HOMES SOLD – NOVEMBER 2011

Address	Bed	Bath	Price	Settled
708 Washington Avenue	3	1.5	$110,000	11/08/2011
205 Fox Lane	4	2.5	$425,000	11/10/2011
105 Wisteria Lane	4	4.5	$700,000	11/14/2011
103 Sharlow Drive	4	1.5	$217,000	11/14/2011
904 Twyckenham Road	4	3.5	$510,000	11/14/2011
711 Hemlock Road	5	3.5	$475,750	11/16/2011
702 Pine Ridge Road	3	2.5	$367,000	11/17/2011
103 Michaels Lane	3	1.5	$198,000	11/21/2011
112 Beech Road	3	2.0	$217,000	11/21/2011
418 East Country Club Lane	3	2.0	$250,000	11/21/2011
203 Knoll Road	4	2.5	$350,000	11/23/2011
812 Ridge Lane	3	2.5	$384,000	11/25/2011
700 Avondale Road – 7G	2	2.0	$110,000	11/28/2011
736 Hemlock Road	3	1.5	$333,000	11/29/2011
714 Pine Ridge Road	5	3.0	$439,500	11/29/2011
1070 Putnam Blvd	3	2.2	$200,000	11/30/2011
406 Turner Road	3	2.5	$260,000	11/30/2011

These 17 Wallingford homes were on the market an average of 119 days, with the average sold price representing 89.15% of the original asking price, a figure that indicates initial over pricing, and 95.08% of the last asking price.

For the short and long of it, 1070 Putnam Blvd was on the market for 1 day, while 205 Fox Lane was on the market 323 days.

Financing Methods

• Conventional – 9
• Cash – 5
• FHA – 1
• Seller – 1
• Other – 1

A Seller Assist was utilized in 8 of the 17 Wallingford homes sold.

• 708 Washington Avenue – $1,800
• 105 Wisteria Lane – $7,000
• 103 Sharlow Drive  – $8,680
• 702 Pine Ridge Road – $3,000
• 203 Knoll Road – $1,500
• 736 Hemlock Road – $400
• 714 Pine Ridge Road – $1,800 
• 406 Turner Road – $9,900

Wallingford November 2011 Activity vs November 2010

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	11	$240,105	144	90.5%	96.08%
2011	17	$326,250	119	89.15%	95.08%
	54.5%	35.9%	-17.4%	-1.35%	-1.00%

 Looking forward to December there are 11 settlements scheduled for the month.

 

SWARTHMORE REAL ESTATE – NOVEMBER 2011

 

 

3 Swarthmore homes sold during the month of November 2011.

SWARTHMORE HOMES SOLD – NOVEMBER 2011

Address	Bed	Bath	Price	Settled
620 Magill Road	3	3.0	$275,000	11/04/2011
303 Chestnut Avenue	3	2.0	$429,900	11/16/2011
570 Marietta Avenue	3	4.5	$297,000	11/23/2011

These 3 Swarthmore homes sold for an average price of $333,967, and were on the market an average of 77 days, fetching 95.03% of original asking price, and 97.13% of last asking price.

For the short and long, 303 Chestnut Avenue was on the market 5 days, and 570 Marietta Avenue was on the market 174 days.

All 3 transactions utilized conventional financing.

Looking ahead to projected activity for December, there are 3 settlements scheduled.

Swarthmore November 2011 Activity vs November 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	2	$560,688	122	82.99%	92.62%
2011	3	$333,967	77	95.03%	97.13%
	50.0%	-40.4%	-36.9%	12.04%	4.51%

WALLINGFORD REAL ESTATE

Augusts marks the second month in a row that  that sales increased over the same month of the previous year, with 18 Wallingford homes sold in August 2011 as opposed to 10 sales in August 2010. Eighteen sales was the second highest total for August recorded in the past five years, eclipsed only in August 2007  in a much different real estate climate when there were 19 sales. It is encouraging to see sales on the upswing.

Wallingford August Sales – Last 5 Years

 2007 – 19 sales

 2008 – 17 sales

 2009 – 16 sales

 2010 – 10 sales

 2011 – 18 sales

August is traditionally a busy month for settlements, as buyers want to be in place prior to the start of the new school year. However it is one of the slowest months in regards to home showings and sales.

The average Days on Market was a resonable 98 days.

The percentage of sales price to last list price posted at 96.39%, which represents pricing in alignment with the market.  On the other hand the average sales price continues to fall relative to last year, slipping 8% from the price level of August 2010 to $299,948.

There were 18 Wallingford homes sold during the month of August 2011.

WALLINGFORD HOMES SOLD – AUGUST 2011

Address	Bed	Bath	Price	Settled
110 Cameron Drive	4	2.5	$309,900	08/03/11
742 Pennsylvania Avenue	2	1.0	$48,000	08/05/11
604 Bowers Lane	5	2.0	$261,900	08/11/11
308 Marlyn Lane	4	2.0	$212,000	08/11/11
302 Hastings Avenue	4	2.5	$258,900	08/12/11
601 Rockbourne Mills Court	3	2.5	$360,000	08/19/11
213 Cedar Road	3	1.5	$155,000	08/22/11
321 West Rose Valley Road	4	2.5	$353,000	08/24/11
706 Blue Hill Drive	4	2.5	$380,000	08/24/11
738 Pine Ridge Road	4	3.5	$430,000	08/25/11
415 Sheffield Drive	4	2.0	$200,000	08/26/11
856A Putnam Blvd #67A	2	1.0	$118,500	08/26/11
216 Copples Lane	4	2.5	$472,500	08/26/11
398 Turner Road	3	3.5	$385,000	08/29/11
301 Colonial Drive	5	3.5	$575,000	08/31/11
406 North Providence Road	3	1.5	$320,000	08/31/11
704 Oxford Lane	3	2.5	$332,365	08/31/11
410 Trenton Court	3	2.0	$207,000	08/31/11

These 18 Wallingford homes were on the market an average of 61 days, with the average sold price representing 94.16% of the original asking price, and 96.32% of the last asking price.

For the short and long of it, 110 Cameron Drive was on the market for 3 days, while 706 Blue Hill Drive was on the market 343 days.

Conventional financing was the financing of choice in 10  transactions, 5 utilized FHA financing, and 3 were cash deals.

308 Marlyn Lane was a Bank Owned Forclosure.

A Seller Assist was utilized in 6 of the 18 Wallingford homes sold, ranging from $6,350 to $15,000.

604 Bowers Lane – $15,000

308 Marlyn Lane – $6,350

302 Hastings Avenue – $10,000

704 Oxford Lane – $9,335

1044 Putnam Blvd – $11,000

410 Trenton Court – $8,750

Wallingford August 2011 Activity vs August 2010

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	10	$326,390	61	94.16%	96.32%
2011	18	$299,948	98	92.0%	96.39%
	80.0%	– 8.0%	61.0%	-2.16%	0.07%

SWARTHMORE REAL ESTATE 

10 Swarthmore homes sold during the month of August 2011.

SWARTHMORE HOMES SOLD – AUGUST 2011

Address	Bed	Bath	Price	Settled
226 Dickinson Avenue	6	2.0	$495,000	08/01/11
801 Yale Avenue #1028	1	1.0	$93,000	08/02/11
401 Brighton Terrace	3	2.5	$325,000	08/03/11
527 Riverview Road	6	2.5	$460,000	08/05/11
408 Strath Haven Avenue	4	2.5	$352,000	08/05/11
109 South Princeton Avenue	6	2.5	$775,000	08/08/11
218 Garrett Avenue	5	3.2	$675,000	08/10/11
103 Columbia Avenue	3	2.5	$359,000	08/23/11
201 Dickinson Avenue	4	2.0	$484,000	08/31/11
910 Strath Haven Avenue	4	2.1	$415,000	08/31/11

 These 10  Swarthmore homes sold for an average price of $443,300, and were on the market an average of 70 days, fetching 93.13% of original asking price, and 95.56% of last asking price.

For the short and long, 408 Strath Haven Avenue and 109 South Princeton Avenue were on the market 7 days, and 910 Strath Haven Avenue was on the market 306 days.

9 transactions utilized conventional financing, 1 was a cash deal.

Comparing this year’s Swarthmore activity with the past 4 years:

Swarthmore August Sales – Last 5 Years

  2007 – 11 sales

2008 – 8 sales

2009 – 7 sales

  2010 – 10 sales

  2011 – 10 sales

Swarthmore August 2011 Activity vs August 2011

	SALES	AVERAGE	DOM	STL TO ORIG	STL TO LAST
2010	10	$353,600	114	91.18%	94.73%
2011	10	$443,300	70	93.13%	95.56%
	0.0%	25.0%	-39.0%	1.95%	0.83%