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

There are 32 homes listed for sale in Wallingford PA and Nether Providence Township on May 12, 2020 with an average asking price of $439,997.

The 30-year fixed-rate mortgage inched up slightly this week to average 3.26%, but remains near its record low.

“Mortgage rates stayed at or near record lows for the fifth straight week and homeowners are taking advantage with refinance activity remaining high,” says Sam Khater, Freddie Mac’s chief economist.

Freddie Mac reports the following national averages with mortgage rates for the week ending May 7:

• 30-year fixed-rate mortgages: averaged 3.26%, with an average 0.7 point, rising from last week’s 3.23% average. Last year at this time, 30-year rates averaged 4.10%.
• 15-year fixed-rate mortgages: averaged 2.73%, with an average 0.7 point, falling from last week’s 2.77%. A year ago, 15-year rates averaged 3.57%.
• 5-year hybrid adjustable-rate mortgages: averaged 3.17%, with an average 0.3 point, rising from last week’s 3.14% average. A year ago, 5-year ARMs averaged 3.63%.

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Wallingford Market Snapshot – 32 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$439,997	$399,900	$125,000	$1,049,900	62

Single Home Market Snapshot – 25 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$492,448	$534,900	$223,000	$1,049,900	65

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$297,967	$275,000	$229,900	$389,000	35

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,900	$129,900	$125,000	$134,800	69

Twin Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$307,500	$307,500	$300,000	$315,000	58

*DOM = Days On Market

1 Wallingford PA home went under contract 

1 new listing came onto the market 

0 listings were withdrawn from the market

0 listings were temporarily taken off the market

0 listings expired

14 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold May 4, 2020 To May 10, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
720 Pine Ridge Road	SNG	5	3.1	$670,000	05/04/20	40
800 Avondale Road #2M	CONDO	1	1.0	$90,000	05/05/20	12
1014 Beech Road	SNG	2	1.1	$363,000	05/08/20	6
AVERAGE				$374,333		19

No homes sold with a  Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 30 homes listed for sale in Wallingford PA and Nether Providence Township on May 5, 2020 with an average asking price of $456,367.

The handshake used to be a universal custom when closing a deal. Has the COVID-19 pandemic killed the ritual for good?

A 2019 study published in the Journal of Personality of Social Psychology prior to the coronavirus outbreak found that handshakes were perceived as an intent to cooperate and led to improved negotiation outcomes. But health experts say that in a time of social distancing, shaking hands is an outdated custom. Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, has said: “I don’t think we should ever shake hands ever again. … We’ve got to break that custom. Because as a matter of fact, that is really one of the major ways that you can transmit a respiratory illness.”

If the handshake fades away, what customs will replace it? A commentary in USA Today proposes bypassing handshakes and making introductions at business meetings with a simple “hello” or “pleasure to see you.” Some may want to take cues from other cultures, replacing the handshake with a bow at the waist, for example. Others have suggested clasping your hands together in a prayer-like gesture or crossing your wrists on your chest while making eye contact.

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Wallingford Market Snapshot – 30 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$456,367	$499,900	$125,000	$1,049,900	70

Single Home Market Snapshot – 25 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$497,088	$535,000	$223,000	$1,049,900	72

Townhouse Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$389,000	$389,000	$389,000	$389,000	88

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,900	$129,900	$125,000	$134,800	62

Twin Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$307,500	$307,500	$300,000	$315,000	51

*DOM = Days On Market

3 Wallingford PA homes went under contract 

1 new listing came onto the market 

0 listings were withdrawn from the market

0 listings were temporarily taken off the market

0 listings expired

17 homes are Under Contract at this time

10 Wallingford PA homes sold last week

Wallingford Homes Sold April 27, 2020 To May 3, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
312 Scott Lane	SNG	3	2.1	$397,000	04/27/20	9
306 Marlyn Lane	SNG	3	2.1	$410,000	04/27/20	22
111 Luckie Lane	SNG	3	2.0	$535,000	04/28/20	7
903 Twyckenham Road	SNG	3	2.1	$510,000	04/29/20	3
438 Vernon Street	TWIN	3	1.0	$131,000	04/30/20	7
208 Ash Road	SNG	3	1.1	$320,000	04/30/20	8
300 Hastings Avenue	SNG	4	2.0	$312,000	04/30/20	6
645 W Wiltshire Road	TWIN	3	2.0	$225,000	04/30/20	4
831 Parkridge Drive	SNG	3	2.1	$380,000	04/30/20	14
501 Georgetown Road	SNG	4	2.1	$475,000	05/01/20	6
AVERAGE				$369,500		9

4 homes sold with a  Seller Assist

– 306 Marlyn Lane – $2,500

– 111 Luckie Lane – $15,310

– 208 Ash Road – $3,000

– 501 Georgetown Road – $5,850

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 30 homes listed for sale in Wallingford PA and Nether Providence Township on April 21, 2020 with an average asking price of $492,727.

Listing data, detailed photos, and virtual and live-video tours will suffice for a growing number of consumers who are looking to buy a home; they don’t need to physically visit the property before making an offer, according to a new joint survey from realtor.com® and Toluna Insights.

Twenty-four percent of 1,300 consumers surveyed say they’d be willing to buy a home without seeing it in person, and 30% would be willing to rent one, the survey shows. Younger demographics appear to be the most comfortable using virtual tools in lieu of physical, in-person showings (29%). Further, 21% say that COVID-19 has made them more likely to move into a home sight unseen in the future.

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Wallingford Market Snapshot – 30 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$492,727	$532,450	$125,000	$1,049,900	66

Single Home Market Snapshot – 26 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$532,038	$542,500	$225,000	$1,049,900	67

Townhouse Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$389,000	$389,000	$389,000	$389,000	74

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,900	$129,900	$125,000	$134,800	51

Twin Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$300,000	$300,000	$300,000	$300,000	72

*DOM = Days On Market

1 Wallingford PA home went under contract 

2 new listings came onto the market 

0 listings were withdrawn from the market

0 listings were temporarily taken off the market

0 listings expired

27 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold April 6, 2020 To April 12, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
722 Beechwood Road	SNG	3	2.0	$425,000	04/17/20	5
AVERAGE				$425,000		5

722 Beechwood Road sold with a $2,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086