Wallingford PA – Page 17

Wallingford PA Real Estate – 3rd Quarter 2023 Review

October 16, 2023 by admin

A total of 45 homes sold during the 3rd quarter of 2023, down substantially from last year’s total of 69 homes. The average selling rose 17.0% compared to last year coming in at $478,063.

The 29 single family homes that sold during the quarter saw their average selling price increase by 12.1% compared to last year rising from $546,211 to $612,485. Single homes averaged 30 days on the market during the quarter.

Sales for the year are behind last year by 48 homes with 128 Wallingford homes selling during the first 3 quarters of 2023. The average sales price for the first 9 months has increased 4.4% to $454,765.

There were 13 homes sold in July, 21 in August, and 11 in September.

The highest priced home sold in the 3rd quarter was 101 E Brookhaven Road that sold for $1,825,000.

**WALLINGFORD – 3RD QUARTER 2022 VS 3RD QUARTER 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	69	$408,560	11	103.2%	103.2%
2023	45	$478,063	25	102.9%	105.7%
	-34.7%	17.0%	127.2%	-0.3%	2.5%

3RD QUARTER 2023 – SALES BY PRICE RANGE

PRICE RANGE	SALES
> $100,000	1
$100,000 To $200,000	5
$200,000 To $300,000	10
$300,000 To $400,000	4
$400,000 To $500,000	6
$500,000 To $600,000	6
$600,000 To $700,000	5
$700,000 To $800,000	5
$800,000 To $900,000	1
$900,000 To $1,000,000	1
> $1,000,000	1
TOTAL	45

Single Family Homes Sold – 3rd Quarter 2023 – 29 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$612,485	$575,000	$190,000	$1,825,000	30

Townhouses Sold – 3rd Quarter 2023 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$260,000	$270,000	$210,000	$300,000	3

Condos Sold – 3rd Quarter 2023 – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$192,542	$201,250	$165,000	$212,750	16

Twin Homes Sold – 3rd Quarter 2023 – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$259,357	$265,000	$75,000	$421,000	23

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 2023

October 15, 2023 by admin

Thank You Springhaven Club For The Much Needed Fencing Update

September 2023 sales fell short of last year’s total by 8 homes with 11 closed transactions. The average price came in at $431,432 compared to last year when the average selling price was $483,219 representing a 10.7% decrease. September sales consisted of 8 single family homes, 2 condos, and 1 twin.

Twelve single family homes sold for an average price of $506,625 and averaged 57 days on the market. Last September posted 12 single family homes sales with an average price of $594,805 and 13 days on the market.

905 Heathdale Lane and 6-9 Chestnut Parkway Hempstead Lane had the highest selling price for the month at $750,000.

Five listings went under contract during the month (12 last year) – 2 single family homes, 2 townhomes, and 1 condo with an average asking price of $430,600 and an average of 9 Days On Market.

There are are 8 settlements scheduled in October – last year there were 17, 8 in November, and 1 in December.

**Wallingford Homes Sold September 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
527 Washington Avenue	TWIN	3	1.1	$310,000	08/28/23	6
215 Moore Road	SNG	3	1.1	$490,000	08/29/23	6
700 Avondale Road #4B	CONDO	2	2.0	$212,750	08/29/23	18
113 Westminster Drive	SNG	4	3.0	$575,000	09/12/23	5
705 Madison Court	SNG	2	1.0	$190,000	09/13/23	5
800 Avondale Road #3P	CONDO	1	1.0	$170,000	09/15/23	5
12 Oak Knoll Drive	SNG	4	2.1	$645,000	09/15/23	4
609 Ryanard Road	SNG	3	2.0	$370,000	09/21/23	30
905 Heathdale Lane	SNG	4	3.0	$750,000	09/28/23	8
205 Chestnut Parkway	SNG	3	2.0	$283,000	09/29/23	43
6-9 Chestnut Parkway	SNG	6	2.1	$750,000	09/29/23	355
AVERAGE				$431,432		44

* DOM = Days On Market

4 of 11 transactions had a Seller Assist:

– 113 Westminster Drive – $1,500

– 705 Madison Courte – $5,500

– 12 Oak Knoll Drive – $5,000

– 609 Ryanard Road – $6,000

Financing Methods

– Conventional Mortgage – 5 transactions

– Cash – 6 transactions

**WALLINGFORD SINGLE HOMES – SEPTEMBER 2023 – 8 SALES**
Avg Price	Median Price	Low	High	DOM*
$506,625	$532,500	$190,000	$750,000	57

**WALLINGFORD CONDOS – SEPTEMBER 2023 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$191,375	$191,375	$170,000	$212,750	12

**WALLINGFORD TWINS- SEPTEMBER 2023 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$310,000	$310,000	$310,000	$310,000	6

**WALLINGFORD – SEPTEMBER 2022 VS SEPTEMBER 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	19	$483,219	12	102.9%	103.9%
2023	11	$431,432	44	95.1%	102.0%
	-42.0%	-10.7%	267.0%	-7.8%	-1.9%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – October 2, 2023 To October 8, 2023

October 10, 2023 by admin

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

There are 21 homes listed for sale – 16 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on October 10, 2023 with an average asking price of $494,738.

The 30-year fixed mortgage interest rate now sits at 7.49%, up from 7.31% last week. For buyers who are purchasing the median priced existing-home of $407,100, this is a monthly mortgage payment of $2,275.

As mortgage interest rates continue to sit at a 23-year high, it is striking to consider a home buyer who purchased in January 2021, when rates were 2.65%. The same home buyer who purchased at $400,000 at that time would pay $1,289 a month for a mortgage, compared to a buyer purchasing today paying $2,235 a month. The difference of $946 could be used for utilities, food, commuting expenses, student debt payments, and for many households the sum total of all expenses.

It is hard to imagine a seller making a move today unless they had a compelling reason to, such as a new significantly higher paid job across the country, a divorce or death, or paying in cash for their next home. For all other households, carpools and remodeling may be the alternative solutions.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 21 Listings
*16 – Active 5- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$494,738	$499,000	$180,000	$1,300,000	36

Single Home Market Snapshot – 11 Listings
*10 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$615,073	$500,000	$445,000	$1,300,000	48

Twin Home Market Snapshot – 3 Listings
*2 -Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$403,223	$424,900	$359,900	$424,900	45

Townhouse Market Snapshot – 6 Listings
*4 -Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$369,000	$370,000	$180,000	$550,000	14

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	3

6 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing was withdrawn from the market

No listings were temporarily taken off the market

No listings expired

18 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold October 2, 2023 To October 8, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
100 Sycamore Lane	SNG	4	3.1	$1,300,000	10/06/23	17
AVERAGE				$1,300,000		17

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 11, 2023 To October 1, 2023

October 4, 2023 by admin

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

There are 24 homes listed for sale – 18 Active listings and 6 Active Under Contract listings – in Wallingford PA and Nether Providence Township on October 4, 2023 with an average asking price of $530,308.

“Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” said Lawrence Yun, NAR chief economist. “Some would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit their budgets.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 24 Listings
*18 – Active 6- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$530,308	$499,000	$180,000	$1,450,000	34

Single Home Market Snapshot – 13 Listings
*11 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$680,669	$529,900	$445,000	$1,450,000	38

Twin Home Market Snapshot – 3 Listings
*2 -Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$403,223	$424,900	$359,900	$424,900	41

Townhouse Market Snapshot – 7 Listings
*5 -Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$352,714	$370,000	$180,000	$550,000	27

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	3

7 Wallingford PA homes went under contract

9 new listings came onto the market

3 listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

12 homes are Under Contract at this time

8 Wallingford PA homes sold

**Wallingford Homes Sold September 11, 2023 To October 1, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
113 Westminster Drive	SNG	4	3.0	$575,000	09/12/23	5
705 Madison Court	SNG	2	1.0	$190,000	09/13/23	5
800 Avondale Road #3P	CONDO	1	1.0	$170,000	09/15/23	5
12 Oak Knoll Drive	SNG	4	2.1	$645,000	09/15/23	4
609 Ryanard Road	SNG	3	2.0	$370,000	09/21/23	30
905 Heathdale Lane	SNG	4	3.0	$750,000	09/28/23	8
205 Chestnut Parkway	SNG	3	2.0	$283,000	09/29/23	43
6-9 Chestnut Parkway	SNG	6	2.1	$750,000	09/29/23	355
AVERAGE				$466,625		57

Four homes sold with a Seller Assist

– 113 Westminster Drive – $1,500

– 705 Madison Court – $5,500

– 12 Oak Knoll Drive – $5,000

– 609 Ryanard Road – $6,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 4, 2023 To September 10, 2023

September 12, 2023 by admin

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

There are 23 homes listed for sale – 16 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on September 12, 2023 with an average asking price of $509,521.

More couples are becoming homeowners before tying the knot. Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of REALTORS®.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 23 Listings
*16 – Active 7- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$509,521	$499,000	$200,000	$1,450,000	48

Single Home Market Snapshot – 16 Listings
*11 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$576,205	$537,450	$299,777	$1,450,000	55

Twin Home Market Snapshot – 4 Listings
*4 -Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,675	$407,400	$300,000	$439,900	28

Townhouse Market Snapshot – 2 Listings
*1 -Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$372,500	$370,000	$370,000	$375,000	54

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	3

3 Wallingford PA homes went under contract

5 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

13 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold September 4, 2023 To September 10, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
527 Washington Avenue	TWIN	3	1.1	$310,000	08/28/23	6
215 Moore Road	SNG	3	1.1	$490,000	08/29/23	6
700 Avondale Road #4B	CONDO	2	2.0	$212,750	08/29/23	18
AVERAGE				$337,583		10

No homes sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus