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 November 5, 2019 with an average asking price of $426,347.

More million-dollar homes are coming onto the market as the housing market heats up, shows a new report from LendingTree, an online loan marketplace. Researchers identified which of the 50 largest metro areas have the largest share of million-dollar homes in the country.

Only 5.86% of the nation’s existing homes are valued at $1 million or more. It can vary quite a bit geographically. For example, the metro with the largest number of $1 million or more homes is San Jose, Calif., at 56.46%; Cincinnati has the smallest share, at just 0.66%.

Overall, California has the largest number of million-dollar homes among the top 10 metros, the LendingTree study finds. Nearly one-third of the homes in these areas are valued at least $1 million.

The following five metros have the highest share of million-dollar homes:

1. San Jose, Calif.

• % of units valued at or above $1,000,000: 56.46%
• Median value of owner-occupied housing units: $1,091,100

2. San Francisco

• % of units valued at or above $1,000,000: 42.39%
• Median value of owner-occupied housing units: $910,300

3. Los Angeles

• % of units valued at or above $1,000,000: 19.09%
• Median value of owner-occupied housing units: $650,300

4. San Diego

• % of units valued at or above $1,000,000: 14.12%
• Median value of owner-occupied housing units: $606,200

5. Seattle

• % of units valued at or above $1,000,000: 11.25%
• Median value of owner-occupied housing units: $487,400

In the Philadelphia Metro area, with just over 1.5 million housing units, 1.85% units are valued over $1 million – ranking 27th in the country.

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Wallingford Market Snapshot – 44 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$426,347	$409,900	$115,000	$939,000	70

Single Home Market Snapshot – 35 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$475,345	$449,900	$219,999	$939,000	73

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$323,700	$309,950	$189,900	$485,000	91

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$132,450	$132,450	$129,900	$135,000	28

Twin Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,992	$199,999	$115,000	$299,977	36

*DOM = Days On Market

4 Wallingford PA homes went under contract

4 new listings came onto the market

No listings were withdrawn from the market

3 listings expired

28 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold October 28, 2019 To November 3, 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
409 Moreland Road	SNG	3	2.0	$345,000	10/28/19	150
304A Saybrook Lane	CONDO	2	1.0	$125,000	10/30/19	15
210 Martroy Lane	SNG	4	2.0	$470,000	10/31/19	3
628 E Wiltshire Drive	TWIN	3	2.1	$210,000	10/31/19	5
1023 Putnam Blvd	TOWN	3	2.1	$188,000	10/31/19	10
719 Hemlock Road	SNG	4	3.1	$465,000	11/01/19	63
AVERAGE				$300,500		41

4 homes sold with a  Seller Assist

– 409 Moreland Road  – $4,500

– 304A Saybrook Lane – $2,000

– 210 Martroy Lane  – $5,000

– 719 Hemlock Road – $2,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 45 homes listed for sale in Wallingford PA and Nether Providence Township on October 8, 2019 with an average asking price of $452,971.

In the last month, mortgage rates have fallen to their lowest monthly averages in more than three years, and economists predict they’ll stay there well into 2020 – and even possibly lower. Last week, the 30-year fixed-rate mortgage averaged 3.65%, down 1.06 percentage points from a year ago, Freddie Mac reports.

Next year, according to Fannie Mae, rates could drop as low as 3.4%

As mortgage rates drop, forecasters also expect home price growth to moderate. Fannie Mae, Freddie Mac, and the MBA all predict home price growth to slow to 2.2% appreciation by 2021. Home sales are expected to remain elevated. The National Association of REALTORS® is forecasting existing-home sales to rise 0.6% in 2019 and by another 3.4% in 2020.

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Wallingford Market Snapshot – 45 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$452,971	$449,000	$115,000	$939,000	82

Single Home Market Snapshot – 37 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$501,519	$475,000	$230,000	$939,000	86

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,967	$350,000	$277,900	$485,000	90

Condo Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,233	$129,900	$119,900	$134,900	53

Twin Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$164,950	$164,950	$115,000	$214,900	44

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

1 listing was withdrawn from the market

No listings expired

22 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold September 30, 2019 To October 6, 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
205 Willow Road	SNG	4	2.1	$265,000	09/30/19	73
124 Locust Lane	SNG	3	2.0	$365,000	09/30/19	148
206 Sackville Mills Lane	TOWN	3	2.0	$320,000	09/30/19	161
800 Avondale Road #2A	CONDO	1	1.0	$104,000	10/01/19	121
215 Canterbury Drive	SNG	3	1.1	$340,000	10/02/19	27
1000 Putnam Blvd #306	CONDO	1	1.0	$140,500	10/04/19	111
AVERAGE				$252,750		107

3 homes sold with a Seller Assist:

– 205 Willow Road – $3,000

– 215 Canterbury Drive – $2,000

– 1000 Putnam Blvd #306 – $4,215

Wallingford PA Real Estate – Wallingford, PA 19086