Wallingford Real Estate

Wallingford PA Real Estate – August 8, 2022 To August 14, 2022

August 16, 2022 by admin

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

There are 22 homes listed for sale – 16 Active listings and 6 Active Under Contract listings – in Wallingford PA and Nether Providence Township on August 16, 2022 with an average asking price of $495,258.

Home affordability falls to a 30 year low. Rapidly rising home prices couple with low inventory and higher mortgage rates have contributed to June’s affordability measure.

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Wallingford Market Snapshot – 22 Listings
*16 – Active 6 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$495,258	$407,450	$174,900	$1,400,000	36

Single Home Market Snapshot – 15 Listings
*12 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$613,460	$549,000	$272,500	$1,400,000	39

Condo Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$189,933	$189,933	$179,900	$200,000	23

Twin Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$322,037	$322,037	$259,173	$384,900	47

Townhouse Market Snapshot – 2 Listings
*No Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$239,500	$239,500	$174,900	$305,000	23

4 Wallingford PA home went under contract

7 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

43 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold August 8, 202 To August 14, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
816B Putnam Blvd	CONDO	2	1.0	$199,900	08/09/22	4
610 Vernon Street	TWIN	3	1.1	$385,000	08/10/22	10
728B Putnam Blvd	CONDO	2	1.0	$199,000	08/12/22	9
AVERAGE				$259,967		8

816B Putnam Blvd sold with a $150 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 2022

August 11, 2022 by admin

Five fewer homes sold in July 2022 compared to last year. The average selling price came in at $496,346 which represents a 9.0% drop year over year. Homes continue to sell quickly with the homes that settled in July averaging just 11 days on market.

July’s 22 sales consisted of 13 single family homes, 4 townhomes, and 5 condos.

There were 13 single family homes sold in July – compared with 16 last year – with an average price of $498,346, a price that is just shy of $70K less than last year. Singles averaged 7 days on the market.

The highest selling price for the month was $742,500 for 406 Briarwood Road.

A total of 22 homes went under contract during July 2022 with an average asking price of $382,366. Eight singles, 8 condos, 3 townhouses, and 3 twins were sold during the month.

There are 31 settlements scheduled in August, 5 in September, 5 in October, 1 in November and 2 in December.

Seven months into the year sales are up down 1 home compared to 2021’s first 7 months with 128 closed transactions versus 129 last year. The average sale price increased 6.9% over last year averaging $446,589.

**Wallingford Homes Sold July 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
49 Green Valley Road	SNG	3	1.1	$560,000	07/01/22	6
105 Westminster Drive	SNG	4	3.0	$480,000	07/01/22	6
916 Surrey Road	SNG	4	2.1	$686,000	07/01/22	6
1058 Putnam Blvd	TOWN	3	2.2	$342,500	07/06/22	5
700 Avondale Road – #2F	CONDO	2	2.0	$186,000	07/11/22	38
411 Osborne Lane	SNG	4	2.0	$340,000	07/12/22	2
823 Pleasant Hill Road	SNG	3	2.1	$485,000	07/12/22	6
700 Avondale Road – #7G	CONDO	2	2.0	$185,000	07/13/22	36
862A Putnam Blvd	CONDO	2	1.0	$200,000	07/14/22	5
501 Blakeley Road	SNG	3	1.1	$400,000	07/14/22	3
406 Briarwood Road	SNG	4	2.1	$742,500	07/15/22	7
14 Berkshire Drive	SNG	5	2.1	$630,000	07/20/22	3
738A Putnam Blvd	CONDO	2	1.0	$161,000	07/20/22	8
510 S Media Way #10L	CONDO	2	2.0	$362,145	07/21/22	1
5 Anderson Street	SNG	4	2.1	$535,000	07/22/22	5
700 Avondale Road #6F	CONDO	2	2.0	$185,000	07/22/22	32
508 S Media Way #10U	TOWN	3	2.0	$547,525	07/22/22	1
605 Bowers Lane	SNG	3	2.0	$400,000	07/26/22	21
401 Christian Lane	SNG	4	2.1	$570,000	07/27/22	3
2 Green Valley Road	SNG	3	2.1	$335,000	07/27/22	2
117 Chestnut Pkwy	SNG	3	1.1	$515,000	07/28/22	20
1063 Putnam Blvd	TOWN	3	2.1	$290,000	07/29/22	31
AVERAGE				$406,258		11

* DOM = Days On Market

1 of 22 homes sold with a Seller Assist:

– 1063 Putnam Blvd – $4,290

Financing Methods

– Conventional Mortgage – 8 transactions

– Cash -13 transactions

– FHA mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES SOLD – JULY 2022 – 13 SALES**
Avg Price	Median Price	Low	High	DOM*
$498,346	$485,000	$315,000	$742,500	7

**WALLINGFORD TOWNHOUSES SOLD – JULY 2022 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$345,006	$316,250	$200,000	$547,525	11

**WALLINGFORD CONDOS SOLD – JUNE 2022 – 5 SALES**
Avg Price	Median Price	Low	High	DOM*
$215,829	$185,000	$161,000	$362,145	23

**WALLINGFORD – JULY 2021 VS JULY 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	27	$446,605	13	103.9%	103.1%
2022	22	$406,258	11	106.3%	104.3%
	-18.5%	-9.0%	-15.4%	2.4%	1.2%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 25, 2022 To August 7, 2022

August 9, 2022 by admin

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

There are 20 homes listed for sale – 14 Active listings and 6 Active Under Contract listings – in Wallingford PA and Nether Providence Township on August 9, 2022 with an average asking price of $423,526.

The average rate for the most popular type of mortgage fell below 5% for the first time in four months, capping the biggest two week decline in 35 years.

The national average for a 30 year fixed loan dropped almost a third of a percentage point to 4.99% this week, down from 5.3% according to a report issued by Freddie Mac.

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Wallingford Market Snapshot – 20 Listings
*14 – Active 6 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$423,526	$409,950	$174,900	$740,000	36

Single Home Market Snapshot – 12 Listings
*10 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$538,917	$561,950	$275,000	$740,000	38

Condo Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$191,550	$189,900	$184,750	$200,000	18

Twin Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$329,537	$299,900	$269,173	$449,900	20

Townhouse Market Snapshot – 3 Listings
*No Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$256,600	$289,900	$174,900	$305,000	25

16 Wallingford PA home went under contract

6 new listings came onto the market

No listings were withdrawn from the market

3 listings were temporarily taken off the market

No listings expired

44 homes are Under Contract at this time

10 Wallingford PA homes sold

**Wallingford Homes Sold July 25, 2022 To August 7, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
605 Bowers Lane	SNG	3	2.0	$400,000	07/26/22	21
401 Christian Lane	SNG	4	2.1	$570,000	07/27/22	3
2 Green Valley Road	SNG	3	2.1	$335,000	07/27/22	2
117 Chestnut Pkwy	SNG	3	1.1	$515,000	07/28/22	20
16 Medbury Lane	SNG	3	2.1	$475,000	08/01/22	6
206 Sackville Mills Lane	TOWN	2	2.1	$410,000	08/01/22	14
840B Putnam Blvd	CONDO	2	1.0	$145,000	08/01/22	5
7 E Brookhaven Road	SNG	5	2.1	$425,000	08/04/22	6
18 Walnut Road	SNG	3	1.0	$285,000	08/05/22	9
712 W Brookhaven Road	SNG	5	3.0	$620,000	08/05/22	7
AVERAGE				$398,000		9

18 Walnut Road sold with a $1,500 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 18, 2022 To July 24, 2022

July 26, 2022 by admin

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

There are 21 homes listed for sale – 14 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 26, 2022 with an average asking price of $479,568.

The National Association of Realtors released a summary of existing home sales data showing that housing market activity this June fell 5.4% from May 2022.

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Wallingford Market Snapshot – 21 Listings
*14 – Active 7- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$479,568	$469,000	$174,900	$995,000	33

Single Home Market Snapshot – 14 Listings
*11 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$585,886	$562,400	$350,000	$995,000	38

Condo Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$192,375	$192,375	$184,750	$200,000	18

Twin Market Snapshot – 3 Listings
*1 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$339,658	$299,900	$269,173	$449,900	23

Townhouse Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$232,400	$232,400	$174,900	$289,900	31

6 Wallingford PA home went under contract

2 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

41 homes are Under Contract at this time

6 Wallingford PA home sold last week

**Wallingford Homes Sold July 18, 2022 To July 24, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
14 Berkshire Drive	SNG	5	2.1	$630,000	07/20/22	3
738A Putnam Blvd	CONDO	2	1.0	$161,000	07/20/22	8
510 S Media Way #10L	CONDO	2	2.0	$362,145	07/21/22	1
5 Anderson Street	SNG	4	2.1	$535,000	07/22/22	5
700 Avondale Road #6F	CONDO	2	2.0	$185,000	07/22/22	32
508 S Media Way #10U	TOWN	3	2.0	$547,525	07/22/22	1
AVERAGE				$403,445		8

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 2nd Quarter 2022 Review

July 22, 2022 by admin

The 2nd quarter of 2022 in Wallingford PA recorded 55 closed transactions vs 69 last year. The average sale price continued to rise climbing 6.5% over last year to $453,847.

Sellers reaped the benefits of a market with very limited inventory with 28 – 51% – of homes selling for more than the asking price. The ratio of selling price to original asking price was over 100% at 103.3%.

The core category of single family homes recorded 32 sales with an average selling price of $564,016 compared to last year’s average selling price of $565,485 when 41 single homes sold.

Days On Market averaged crept up by 1 day compared to last year to 13. Buyers were quick to contract with 60% over homes sold during the quarter selling in 7 days or less.

April recorded 18 sales, May had 16 sales, and 21 homes were sold in June.

The highest priced home sold in the quarter was 6 E Brookhaven Road which sold in May for $1,085,000.

**WALLINGFORD – 2ND QUARTER 2021 VS 2ND QUARTER 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	69	$425,957	12	102.9%	103.1%
2022	55	$453,847	13	103.3%	103.0%
	-20.3%	6.5%	8.3%	0.4%	-0.1%

2ND QUARTER 2022 – SALES BY PRICE RANGE

PRICE RANGE	SALES	% Of SALES
$100,000 To $200,000	7	12.7%
$200,000 To $300,000	7	12.7%
$300,000 To $400,000	9	16.4%
$400,000 To $500,000	7	12.7%
$500,000 To $600,000	12	21.8%
$600,000 To $700,000	6	10.9%
$700,000 To $800,000	4	7.3%
$800,000 To $900,000	1	1.8%
$900,000 To $1,000,000	1	1.8%
> $1,000,000	1	1.8%
TOTAL	55

**Single Family Homes Sold – 2nd Quarter 2022 – 32 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$564,016	$550,000	$285,000	$1,085,000	13

**Condominiums – 2nd Quarter 2022 – 10 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,816	$169,500	$143,000	$345,710	10

**Townhouses Sold – 2nd Quarter 2022 – 9 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$377,215	$300,000	$227,500	$602,110	19

**Twin Homes Sold – 2nd Quarter 2022 – 4 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$367,500	$340,000	$290,000	$500,000	5

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus