Wallingford PA Homes Sold

Wallingford PA Real Estate – December 2, 2019 To December 8, 2019

December 10, 2019 by admin

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

There are 43 homes listed for sale in Wallingford PA and Nether Providence Township on December 10, 2019 with an average asking price of $406,810.

The number of homes for sale plunged by nearly 10% annually in November at a time when low interest rates are increasing buyer demand, according to realtor.com®’s November 2019 Housing Trends report. The shortage of homes is accelerating: Inventories in November dropped 9.5% annually compared to 6.9% annually in October.

“As millennials—the largest cohort of buyers in U.S. history—embrace homeownership and take advantage of this year’s unexpectedly low mortgage rates, demand is outstripping supply, causing inventory to vanish,” says George Ratiu, realtor.com®’s chief economist. “The housing shortage is felt acutely at the entry-level of the market, where most millennials are looking to break into the market for their first home.” Further, Ratiu says that sellers appear to be reluctant to list their homes during the colder months when the market typically sees a seasonal slowdown.

Last month’s inventory declines equated to about a decrease of 131,000 listings nationwide compared to a year ago. The volume of new listings coming to the market fell by 7.7% compared to last year.

Affordable homes are hardest to find. The inventory of homes priced below $200,000 dropped 16.5% year-over-year in November. Homes priced between $200,000 to $750,000—considered mid-tier inventory—decreased 7.4% year-over-year, while high-end inventory above $1 million fell 1.7% year-over-year, realtor.com® reports.

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Wallingford Market Snapshot – 43 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$406,810	$435,750	$65,000	$850,000	72

Single Home Market Snapshot – 30 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$496,263	$499,450	$224,900	$850,000	80

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$306,150	$309,850	$189,900	$415,000	108

Condo Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$117,940	$127,000	$94,900	$129,900	29

Twin Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$197,658	$202,417	$65,000	$320,800	26

*DOM = Days On Market

5 Wallingford PA homes went under contract

5 new listings came onto the market

2 listings were withdrawn from the market

1 listing expired

31 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold December 2, 2019 To December 8, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
103 E Rose Valley Road	SNG	3	2.0	$252,500	12/02/19	4
412 Sheffield Drive	SNG	3	1.1	$392,500	12/06/19	10
16 Chestnut Parkway	SNG	3	2.0	$249,900	12/06/19	7
AVERAGE				$298,300		7

No homes sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 2019

December 5, 2019 by admin

Houston Park

November home sales in Wallingford PA decreased by 3 homes compared to last year with with 17 closed transactions. The average selling price increased 56.5% over last year to $392,676. November sales consisted of 13 single family homes, 3 condos, and 1 twin home.

November’s 13 single family homes sold for an average price of $479,123 and averaged 60 days on the market. Last November there were also 13 single family home sales that sold for an average price of $342,091 and spent an average of 93 days on the market.

107 Wisteria Lane had the highest selling price for the month at $730,000.

With 1 month remaining in the year 2019 sales are slightly behind the results of 2018 for the same time period. Year to date in 2019 there have been 210 closed transactions versus 215 last year. The average selling price has increased 10.5% coming in at $349,498 compared to $316,398 in 2018.

Seventeen listings went under contract during the month – 11 single family homes, 2 twins,and 1 condo – with an average asking price of $317,947 and averaged 34 Days On Market.

There are 18 settlements scheduled – 13 in December and 5 in January.

**Wallingford Homes Sold November 2019**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
719 Hemlock Road	SNG	4	3.1	$465,000	11/01/19	63
906 S Providence Road	SNG	3	2.0	$375,000	10/06/19	236
10 Oak Knoll Drive	SNG	4	2.2	$535,000	11/07/19	35
405 Albany Court	TWIN	2	1.0	$75,000	11/11/19	4
2 Chatham Place	SNG	4	2.1	$599,500	11/11/19	3
603 Bickmore Drive	SNG	4	2.0	$350,000	11/12/19	7
31 S Providence Road	SNG	4	4.0	$590,000	11/13/19	103
907 S Providence Road	SNG	5	3.1	$470,000	11/14/19	21
700 Avondale Road PH12	CONDO	2	2.0	$145,000	11/15/19	11
107 Wisteria Lane	SNG	5	4.1	$730,000	11/15/19	3
700 Avondale Road #4H	CONDO	1	1.0	$100,000	11/18/19	142
700 Avondale Road #3E	CONDO	2	2.0	$126,900	11/20/19	4
1004 Bent Road	SNG	5	3.1	$650,000	11/21/19	29
9 Rose Valley Road	SNG	5	2.1	$378,100	11/22/19	12
201 Winterloch Way	SNG	4	2.1	$329,000	11/22/19	83
200 Engle Drive	SNG	4	2.1	$407,000	11/22/19	127
224 W Rose Valley Road	SNG	4	2.1	$350,000	11/25/19	60
AVERAGE				$392,676		55

* DOM = Days On Market

8 of 17 transactions had a Seller Assist:

– 719 Hemlock Road – $2,000

– 10 Oak Knoll Drive – $2,750

– 2 Chatham Place- $2,000

– 603 Bickmore Drive – $16,000

– 907 S Providence Road – $5,000

– 1004 Bent Road – $25,000

– 200 Engle Drive – $12,210

– 9 Rose Valley Road – $21,708

Financing Methods

– Conventional Mortgage – 14 transactions

– Cash – 2 transactions

– FHA Mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES – NOVEMBER 2019 – 13 SALES**
Avg Price	Median Price	Low	High	DOM*
$479,123	$465,000	$329,000	$730,000	60

**WALLINGFORD CONDOS – NOVEMBER 2019 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$123,967	$126,900	$100,000	$145,000	52

**WALLINGFORD TWINS – NOVEMBER 2019 -1 SALE**
Avg Price	Median Price	Low	High	DOM*
$75,000	$75,000	$75,000	$75,000	4

**WALLINGFORD – NOVEMBER 2018 VS NOVEMBER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	20	$250,920	66	88.7%	93.6%
2019	17	$392,676	55	92.3%	95.9%
	15.0%	56.5%	-16.7%	3.6%	2.3%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 18, 2019 To December 1, 2019

December 5, 2019 by admin

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

There are 46 homes listed for sale in Wallingford PA and Nether Providence Township on December 5, 2019 with an average asking price of $422,933.

More home appreciation is likely to come in the new year. In a new report released by CoreLogic, economists predict home prices will spike by 5.4% from October 2019 to October 2020. That is even higher than the 3.5% annual appreciation in national home prices posted this October, the real estate data firm notes.

Nationally, over the past year, home prices are up 3.5% with the rate of growth accelerating from September into October, says Frank Martell, president and CEO of CoreLogic. “We expect home prices to rise at least another 5% over the next 12 months,” Martell says. “Interestingly, this persistent increase in home prices isn’t deterring older millennials. In fact, 25% of those surveyed anticipate purchasing a home over the next six to eight months.”

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Wallingford Market Snapshot – 46 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$422,933	$435,750	$65,000	$939,000	71

Single Home Market Snapshot – 32 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$511,781	$499,900	$224,900	$939,000	80

Townhouse Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$339,940	$350,000	$189,900	$475,000	94

Condo Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$117,520	$124,900	$94,900	$129,900	30

Twin Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$197,658	$202,417	$65,000	$320,800	22

*DOM = Days On Market

4 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing was withdrawn from the market

No listings expired

17 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold November 11, 2019 To November 17, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road #4H	CONDO	1	1.0	$100,000	11/18/19	142
700 Avondale Road #3E	CONDO	2	2.0	$126,900	11/20/19	4
1004 Bent Road	SNG	5	3.1	$650,000	11/21/19	29
9 Rose Valley Road	SNG	5	2.1	$378,100	11/22/19	12
201 Winterloch Way	SNG	4	2.1	$329,000	11/22/19	83
200 Engle Drive	SNG	4	2.1	$407,000	11/22/19	127
224 W Rose Valley Road	SNG	4	2.1	$350,000	11/25/19	60
AVERAGE				$334,429		65

3 homes sold with a Seller Assist

– 1004 Bent Road – $25,000

– 9 Rose Valley Road – $21,708

– 200 Engle Drive – $12,210

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 11, 2019 To November 17, 2019

November 19, 2019 by admin

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

There are 46 homes listed for sale in Wallingford PA and Nether Providence Township on November 12, 2019 with an average asking price of $419,504.

It’s a good time to be a homeowner: The share of equity-rich residential properties zoomed to a total of 14.4 million, shows the 2019 U.S. Home Equity & Underwater Report from ATTOM Data Solutions. Nearly 27% of all properties with a mortgage in the U.S. are now considered “equity rich,” meaning the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value.

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Wallingford Market Snapshot – 46 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$419,504	$422,450	$104,900	$939,000	70

Single Home Market Snapshot – 34 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$487,333	$493,450	$219,950	$939,000	74

Townhouse Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$339,960	$350,000	$189,900	$475,000	84

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,425	$135,000	$124,900	$135,000	33

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$170,115	$105,500	$104,900	$299,944	50

*DOM = Days On Market

2 Wallingford PA homes went under contract

2 new listings came onto the market

1 listing was withdrawn from the market

No listings expired

20 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold November 11, 2019 To November 17, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
405 Albany Court	TWIN	2	1.0	$75,000	11/11/19	4
2 Chatham Place	SNG	4	2.1	$599,500	11/11/19	3
603 Bickmore Drive	SNG	4	2.0	$350,000	11/12/19	7
31 S Providence Road	SNG	4	4.0	$590,000	11/13/19	103
907 S Providence Road	SNG	5	3.1	$470,000	11/14/19	21
700 Avondale Road PH12	CONDO	2	2.0	$145,000	11/15/19	11
107 Wisteria Lane	SNG	5	4.1	$730,000	11/15/19	3
AVERAGE				$422,786		22

3 homes sold with a Seller Assist

– 12 Chatham Place – $2,000

– 603 Bickmore Drive – $16,000

– 907 S Providence Road – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – November 4, 2019 To November 10, 2019

November 12, 2019 by admin

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

There are 47 homes listed for sale in Wallingford PA and Nether Providence Township on November 12, 2019 with an average asking price of $414,832.

Good news for sellers: Home prices are on the rise. But buyers should brace for higher prices.

Nearly all – 93% – of the largest metros in the U.S. saw home prices rise in the third quarter over the past year. A shortage of homes for sale, combined with higher demand, continues to push home prices higher, according to the latest quarterly report from the National Association of REALTORS®, released Thursday.

The national median existing single-family home price in the third quarter was $280,200, a 5.1% increase from a year ago.

In Wallingford the median selling price of a single family home during the third quarter was $455,225 – up 13.9% from a year ago.

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Wallingford Market Snapshot – 47 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$414,832	$389,900	$104,900	$939,000	68

Single Home Market Snapshot – 36 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$475,337	$457,400	$219,950	$939,000	72

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$321,200	$309,950	$189,900	$475,000	98

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,933	$129,900	$124,900	$135,000	24

Twin Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$177,594	$152,750	$104,900	$299,977	34

*DOM = Days On Market

No Wallingford PA homes went under contract

7 new listings came onto the market

1 listing was withdrawn from the market

No listings expired

24 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold November 4, 2019 To November 10, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
906 S Providence Road	SNG	3	2.0	$375,000	10/06/19	236
10 Oak Knoll Drive	SNG	4	2.2	$535,000	11/07/19	35
AVERAGE				$455,000		136

10 Oak Knoll Drive sold with a $2,750 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus