Wallingford PA Real Estate

Wallingford PA Real Estate – 4th Quarter 2022 Review

January 19, 2023 by admin

A total of 45 homes sold during the 4th quarter of 2022 in Wallingford PA which fell short of last year’s tally by 5 homes. The average selling price saw a drop of 9.9% to $387,779 when compared to last year’s 4th quarter average. Three factors contributed to the erosion in average sales price:

The average sales price for single homes fell $94,466 to $470,704 – a 16.7% decrease
Sales in the $500K to $600K range fell from 11 sales last year to 2 sales this year
There were no $1M sales recorded

There were 24 Single family homes sales during the quarter vs 26 last year. The average selling price for singles also fell 16.7% to $470,704.

There were 14 sales in October, 18 in November, and 13 in December.

23 Brookside Road and 113 Avonbrook Road garnered the top selling price for the quarter at $800,000.

**WALLINGFORD – 4TH QUARTER 2021 VS 4TH QUARTER 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	50	$430,318	18	100.5%	100.5%
2022	45	$387,779	20	98.3%	98.3%
	-10.0%	-9.9%	11.1%	-2.2%	-2.2%

4TH QUARTER 2022 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$100,000 To $200,000	6
$200,000 To $300,000	7
$300,000 To $400,000	14
$400,000 To $500,000	8
$500,000 To $600,000	2
$600,000 To $700,000	6
$700,000 To $800,000	2
TOTAL	45

**Single Family Homes Sold – 4th Quarter 2022 – 24 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$470,704	$434,000	$230,000	$800,000	24

**Condominiums Sold – 4th Quarter 2022 – 7 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$213,034	$199,900	$150,000	$356,340	30

**Twin Homes Sold – 4th Quarter 2022 – 5 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$274,700	$301,000	$150,000	$370,000	14

**Townhouses Sold – 4th Quarter 2022 – 9 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$365,379	$320,000	$170,000	$621,315	7

2022 YEAR END SUMMARY

The year 2022 concludes with 221 closed transactions – the same total as last year. The average selling price for Wallingford homes in 2022 increased 1.5% to $425,979 over last year’s $419,864.

There were 123 single family home sales in 2022 with an average sales price of $536,465 – just $5 more that the average selling price recorded in 2021 when there were 135 singles sold – with an average of 21 days on the market.

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 2, 2023 To January 15, 2023

January 17, 2023 by admin

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

There are 16 homes listed for sale – 13 Active listings and 3 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 14, 2023 with an average asking price of $618,500.

Mortgage rates more than doubled in 2022, but hopeful homebuyers may soon see some relief from sky-high borrowing costs.

Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors (NAR), is forecasting that mortgage rates will drop below 6% in the spring and summer months of 2023. She cites easing inflation and smaller rate hikes by the Federal Reserve as the reasons the drop is likely.

This week, the average rate on a 30-year fixed-rate mortgage was 6.48%, according to data from Freddie Mac. The rate means that the buyer of a median-priced home (one that costs around $416,000 right now, according to Realtor.com) is facing a mortgage payment that is 64% higher than it was a year ago.

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 12 Listings
*10 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$754,625	$524,500	$249,000	$2,750,000	90

Single Home Market Snapshot – 12 Listings
*10 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$570,889	$350,000	$265,000	$1,400,000	115

Condo Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$179,750	$179,750	$165,000	$194,500	60

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$255,000	$255,000	$255,000	$255,000	221

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$226,000	$226,000	$226,000	$226,000	5

3 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

14 homes are Under Contract at this time

4 Wallingford PA homes sold

**Wallingford Homes Sold January 2, 2023, 2022 To January 15, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
861 Parkridge Drive	SNG	4	2.1	$605,000	01/05/23	126
10 W Possum Holllow Road	SNG	4	2.1	$689,000	01/06/23	7
102 Westminster Drive	SNG	4	2.1	$480,000	01/11/23	8
800 Avondale Road #5H	CONDO	1	1.0	$163,000	01/11/23	32
AVERAGE				$486,750		43

861 Parkridge Drive sold with a $27,200 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 2022

January 6, 2023 by admin

Pine Ridge Railroad

The year 2022 closes out with 13 home sales in Wallingford PA in December the same total as last year. The average selling price fell 24.1% to $376,354 from $496,152 resulting from a big drop in the average sales price of single family homes. Sales consisted of 8 single family homes, 2 condos, 2 twins, and 1 townhouse. Homes sold during the month spent an average of 30 days on the market.

December’s 8 single family homes sold for an average price of $446,125 vs an average selling price of $607,713 in 2021.

8 W Brookhaven Road had the highest selling price for the month at $675,000.

Just 4 listings went under contract during the Holiday season – all single family homes with an average asking price of $351,475 and spending an average of 48 Days On the Market.

There are 8 settlements scheduled in January, 3 in February, 2 in April and 1 in May.

The year 2022 concludes with 221 closed transactions tied with the total from 2021. The average selling price for Wallingford homes in 2022 increased 1.5% to $425,979 over last year’s $419,864.

**Wallingford Homes Sold December 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
820 Pleasant Hill Road	SNG	3	2.0	$465,000	12/02/22	4
622 Wiltshire Drive	TWIN	3	2.1	$301,000	12/05/22	12
1167 Putnam Blvd #607	CONDO	1	1.0	$155,000	12/05/22	106
104 Sackville Mills Lane	SNG	3	2.1	$489,000	12/06/22	6
312 Media Parkway	SNG	3	2.0	$329,500	12/08/22	10
310 Henry Lane	SNG	4	2.0	$610,000	12/14/22	6
8 W Brookhaven Road	SNG	4	3.0	$675,000	12/15/22	25
617 Niblick Lane	TOWN	3	2.1	$332,600	12/16/22	9
124 Ronaldson Street	TWIN	3	2.1	$370,000	12/21/22	3
700 Avondale Road #4H	CONDO	1	2.0	$165,000	12/21/22	66
105 Ridley Drive	SNG	3	1.1	$330,000	12/22/22	120
321 S Providence Road	SNG	3	2.0	$315,000	12/28/22	15
114 Turner Road	SNG	3	1.1	$375,000	12/30/22	3
AVERAGE				$376,354		30

* DOM = Days On Market

3 of 13 transactions sold with a Seller Assist:

– 8 W Brookhaven Road – $5,000

– 104 Sackville Mills Lane – $1,000

– 321 S Providence Road – $10,850

Financing Methods

– Conventional Mortgage -8 transactions

– Cash -4 transactions

– FHA Mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES – DECEMBER 2022 – 8 SALES**
Avg Price	Median Price	Low	High	DOM*
$446,125	$420,000	$310,000	$675,000	24

**WALLINGFORD CONDOS – DECEMBER 2022 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$160,000	$160,000	$155,000	$165,000	86

**WALLINGFORD TWINS – DECEMBER 2022 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$335,500	$335,500	$301,000	$370,000	8

**WALLINGFORD TOWNHOUSES – DECEMBER 2022 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$332,600	$332,600	$332,600	$332,600	9

**WALLINGFORD – DECEMBER 2021 VS DECEMBER 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	13	$496,152	14	99.4%	99.7%
2022	13	$376,354	30	94.4%	98.1%
	0.0%	-24.1%	114.3%	-5.0%	-1.6%

* DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 26, 2022 To January 1, 2023

January 3, 2023 by admin

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

There are 13 homes listed for sale – 8 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 3, 2023 with an average asking price of $455,185.

Some key data points relating to November sales from a recent National Association Of Realtors survey of members

First-time buyers represented 28% of buyers, unchanged from one month and up slightly from one year ago
26% of buyers were all-cash sales, nearly unchanged from 26% last month and 24% in November 2021
61% of respondents reported properties sold in less than one month. This is down from 64% a month ago and 83% in November 2021
Homes listed received an average of 2.3 offers, nearly flat from October 2022 when it was 2.4 and down from 3.8 in November 2021

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 13 Listings
*8 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$455,185	$335,000	$164,900	$1,400,000	106

Single Home Market Snapshot – 9 Listings
*6 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$570,889	$350,000	$265,000	$1,400,000	115

Condo Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,800	$165,000	$164,900	$194,500	46

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$255,000	$255,000	$255,000	$255,000	207

No 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

19 homes are Under Contract at this time

2 Wallingford PA homes sold last week

**Wallingford Homes Sold December 26, 2022 To January 1, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
321 S Providence Road	SNG	3	2.0	$315,000	12/28/22	15
114 Turner Road	SNG	3	1.1	$375,000	12/30/22	3
AVERAGE				$345,000		9

321 S Providence Road sold with a $10,850 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 19, 2022 To December 25, 2022

December 27, 2022 by admin

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

There are 16 homes listed for sale – 11 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on December 27, 2022 with an average asking price of $436,400.

The housing slowdown continued in November as sales of previously occupied homes slowed for the 10th consecutive month – the longest such stretch on record dating back to 1999.

November was a particularly bad month with sales plunging 35.4% from November of 2021. Annual sales are now at their lowest pace since November 2010 when the housing market was mired in the aftermath of the housing crisis of 2008.

On a local comparison November sales in Wallingford were actually up 50% over last year, however prices declined 18% year over year.

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 16 Listings
*11 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$436,400	$432,500	$164,900	$1,400,000	107

Single Home Market Snapshot – 11 Listings
*8 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$537,545	$350,000	$265,000	$1,400,000	116

Condo Market Snapshot – 3 Listings
*1 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,800	$165,000	$164,900	$194,500	43

Twin Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$272,500	$272,500	$255,000	$290,000	156

1 Wallingford PA home went under contract

No new listings came onto the market

No listings were withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

21 homes are Under Contract at this time

3 Wallingford PA home sold last week

**Wallingford Homes Sold December 19, 2022 To December 25, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
124 Ronaldson Street	TWIN	3	2.1	$370,000	12/21/22	3
700 Avondale Road #4H	CONDO	1	2.0	$165,000	12/21/22	66
105 Ridley Drive	SNG	3	1.1	$330,000	12/22/22	120
AVERAGE				$283,333		63

No home sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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2022 YEAR END SUMMARY

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S. Clark Kendus