Wallingford Real Estate

Wallingford PA Real Estate – June 6, 2022 To June 19, 2022

June 21, 2022 by admin

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

There are 28 homes listed for sale – 19 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 21, 2022 with an average asking price of $410,699.

Only 17% of Americans surveyed in May said it was a good time to buy a home, breaking previous record lows of 19% seen in April and 24% in March.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 28 Listings
*19 – Active 8 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$410,699	$409,950	$184,900	$620,000	19

Single Home Market Snapshot – 18 Listings
*13 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$469,761	$462,450	$295,000	$620,000	21

Condo Market Snapshot – 4 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$191,225	$192,500	$184,900	$195,000	17

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$384,724	$385,000	$269,173	$500,000	16

Townhouse Market Snapshot – 3 Listings
*3 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$374,933	$399,900	$289,900	$435,000	11

13 Wallingford PA homes went under contract

12 new listings came onto the market

1 listing was withdrawn from the market

No listing were temporarily taken off the market

2 listings expired

38 homes are Under Contract at this time

7 Wallingford PA homes sold

**Wallingford Homes Sold June 6, 2022 To June 19, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
611 W Wiltshire Drive	TWIN	3	3.0	$341,500	06/08/22	7
1124 Putnam Blvd	TOWN	3	2.1	$250,000	06/09/22	1
800 Avondale Road – PH#17	CONDO	1	1.0	$143,000	06/14/22	20
606 School Lane	SNG	3	1.1	$435,500	06/15/22	4
738B Putnam Blvd	CONDO	2	1.0	$160,000	06/16/22	8
336 Crestview Circle	SNG	3	2.1	$380,000	06/16/22	27
6 Sharpless Lane	SNG	4	2.1	$626,000	06/17/22	5
AVERAGE				$333,714		10

Two homes sold with a Seller Assist:

– 611 W Wiltshire Drive – $5,000

– 800 Avondale Road – PH#17 – $2,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 30, 2022 To June 5, 2022

June 7, 2022 by admin

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

There are 23 homes listed for sale – 18Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 7, 2022 with an average asking price of $422,638.

For weeks now, housing experts and economists have debated whether or not the country is in a housing bubble.

Home prices and mortgage rates have surged, while wages have trailed behind. Within the last year alone, home price growth, which has reached 20.6%, has become four times greater than income growth (which is a mere 4.8%). That means underlying economic forces in the market, such as incomes, are no longer able to support home prices in many places.

Mark Zandi, a Moody’s Analytics chief economist, told Fortune recently that a housing bubble would require both speculation-driven price growth and overvaluation – and overvaluation has now impacted over half of all U.S. housing markets, even though speculation-driven price growth isn’t at play in the U.S. (this time around).

It is reported that 67.9% of U.S. regional housing markets are now “overvalued,” as of the latest available data from March, meaning that incomes in those markets are no longer able to support home prices, according to an analysis provided to Fortune by real estate data firm CoreLogic.

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Wallingford Market Snapshot – 23 Listings
*18 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$422,638	$420,000	$194,900	$620,000	24

Single Home Market Snapshot – 16 Listings
*12 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$484,850	$485,000	$295,000	$620,000	28

Condo Market Snapshot – 3 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,967	$200,000	$194,900	$205,000	22

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,058	$385,000	$279,173	$500,000	10

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,000	$199,000	$199,000	$199,000	4

4 Wallingford PA homes went under contract

5 new listings came onto the market

No listings were withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

38 homes are Under Contract at this time

8 Wallingford PA homes sold last week

**Wallingford Homes Sold May 30, 2022 To June 5, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
858B Putnam Blvd	CONDO	2	1.0	$170,000	05/31/22	3
219 Woodward Road	SNG	4	2.1	$705,000	05/31/22	4
514 Georgetown Road	SNG	6	3.1	$421,000	05/31/22	6
313 Prichard Lane	SNG	4	2.1	$420,000	06/01/22	7
227 Rogers Lane	SNG	4	2.1	$855,000	06/01/22	7
506 S Media Way #9U	TOWN	3	2.0	$541,575	06/01/22	53
504 Scott Lane	SNG	5	2.1	$540,000	06/02/22	58
300 Scott Lane	SNG	4	1.1	$451,500	06/03/22	5
AVERAGE				$513,009		18

No homes sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 23, 2022 To May 29, 2022

June 2, 2022 by admin

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

There are 25 homes listed for sale – 20 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 2, 2022 with an average asking price of $414,427.

The intense market competition of the last two pandemic-fueled years is finally beginning to slow down, according to a new report released Thursday by Seattle-based brokerage Redfin.

Nineteen percent of homesellers – or nearly one in five – dropped their listing price during the four-week period ending on May 22, 2022, marking the largest number of sellers to do so since pre-pandemic times in October 2019, Redfin reported.

During the four-week period ending May 1, just 15% of sellers dropped their asking price.

In addition, the typical listing’s time on market, the share of homes that have gone pending within one week, and the share of homes sold above-asking have all plateaued, another sign of the market cooling off. Mortgage purchase applications were also at the same rate as they were in June 2020 (down 16%year over year) and the number of buyers visiting and making offers on homes, according to the Redfin Homebuyer Demand Index, saw its largest annual decrease since April 2020, a decline of 12% year over year.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 25 Listings
*20 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$414,427	$415,000	$295,000	$620,000	19

Single Home Market Snapshot – 18 Listings
*14 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$468,978	$467,000	$295,000	$625,000	23

Condo Market Snapshot – 4 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$188,725	$197,450	$155,000	$205,000	13

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,058	$385,000	$279,173	$500,000	6

4 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

39 homes are Under Contract at this time

2 Wallingford PA homes sold last week

**Wallingford Homes Sold May 23, 2022 To May 29, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
6 E Brookhaven Road	SNG	5	4.1	$1,085,000	05/24/22	41
506 S Media Way	CONDO	2	2.0	$345,710	05/25/22	1
AVERAGE				$714,355		21

N6 E Brookhaven Road sold with a $7,290 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 16, 2022 To May 22, 2022

May 24, 2022 by admin

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

There are 20 homes listed for sale – 16 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 24, 2022 with an average asking price of $402,084.

After spending the first part of the pandemic bidding up prices in cities and suburbs alike, homebuyers have spent recent months keying in on one arena in particular — the American suburb.

The typical home in a suburban ZIP code saw its value rise $66,490 over the last year, compared with a $61,671 price in urban areas, a new report from Zillow Research suggests.

These suburban home markets recorded 20% price growth year-over-year in March, compared to 17% in urban areas and 16% in rural ones.

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Wallingford Market Snapshot – 20 Listings
*16 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$402,084	$407,450	$160,000	$625,000	19

Single Home Market Snapshot – 14 Listings
*12 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$457,336	$434,500	$295,000	$625,000	23

Condo Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,950	$199,950	$194,900	$205,000	15

Townhouse Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$299,900	$299,900	$299,900	$299,900	12

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,058	$279,173	$160,000	$500,000	4

1 Wallingford PA home went under contract

8 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

38 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold May 16, 2022 To May 22, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
7619 W Wiltshire Drive	TWIN	3	2.1	$338,500	05/20/22	4
206 Governors Drive	SNG	4	2.1	$555,000	05/20/22	8
307 Media Parkway	SNG	3	1.0	$285,000	05/20/22	16
AVERAGE				$393,833		9

No home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – April 2022

May 15, 2022 by admin

April recorded 18 closed transactions, 2 more homes than last April’s total. Reflecting tight inventory the average selling price gained 14.0% over last year rising to $368,299. Homes averaged just 13 days on the market before going under contract.

Ten single family homes sold for an average price of $599,900 during the month and averaged just 10 Days On Market. Last April 9 single family homes sold for an average price of $464,667.

201 Woodward Road had the highest selling price for the month at $997,500.

Amid a challenging purchasing environment buyers signed contracts for 9 homes during April, 6 singles, 2 townhouses, and 1 twin home – with an average asking price of $456,378 and an average of 17 Days On Market.

Future settlements – 18 in May, 13 in June, 4 in July, and 4 others spread over the remaining months of 2022.

After the first 4 months of 2022 a total of 69 homes have sold surpassing last year’s volume by 17 homes. The average sales price has gone up $82,840 to $455,620 from last year when it stood at $372,780 representing a 22.2% increase.

**Wallingford PA Closed Transactions April 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #6A	CONDO	1	1.0	$150,000	04/06/22	4
6 Fairfield Road	SNG	4	2.1	$727,500	04/07/22	6
609 W Wiltshire Road	TWIN	13	2.1	$290,000	04/11/22	4
713 W Brookhaven Road	SNG	3	1.1	$329,000	04/14/22	23
991 Putnam Blvd	TOWN	2	2.1	$230,000	04/15/22	3
201 Woodward Road	SNG	5	3.1	$997,500	04/15/22	5
1360 Putnam Blvd	TOWN	2	2.1	$300,000	04/18/22	2
104 Blackthorn Road	SNG	3	1.1	$560,000	04/19/22	0
500 S Media Way Lot #8L	CONDO	5	3.1	$325,947	04/20/22	38
104 Plush Mill Road	SNG	4	4.0	$530,000	04/21/22	32
700 Avondale Road #5E	CONDO	2	2.0	$225,000	04/22/22	11
901 S Providence Road	SNG	3	1.1	$550,000	04/22/22	6
602 W Brookhaven Road	SNG	5	2.2	$600,000	04/26/22	8
502 S Media Way Lot #8U	TOWN	3	2.0	$545,650	04/26/22	64
418 Oak Valley Road	SNG	4	2.0	$625,000	04/28/22	11
206 Ridgewood Road	SNG	3	1.1	$505,000	04/28/22	3
215 W Rose Valley Road	SNG	5	2.1	$575,000	04/29/22	7
700 Avondale Road #3G	CONDO	2	2.0	$197,000	04/29/22	12
AVERAGE				$459,033		13

* DOM = Days On Market

3 of 18 transactions had a Seller Assist:

– 713 W Brookhaven Road – $4,100

– 215 W Rose Valley Road – $5,000

– 700 Avondale Road #3G – $3,900

Financing Methods

– Conventional Mortgage – 13 transactions

– Cash – 5 transactions

**WALLINGFORD SINGLE HOMES – APRIL 2022 – 10 SALES**
Avg Price	Median Price	Low	High	DOM*
$599,900	$567,500	$329,000	$997,500	10

**WALLINGFORD TWINS – APRIL 2022 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$290,000	$290,000	$290,000	$290,000	4

**WALLINGFORD TOWNHOUSES- APRIL 2022 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$358,550	$300,000	$230,000	$545,650	23

**WALLINGFORD CONDOS – APRIL 2022 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$224,287	$211,000	$150,000	$325,947	16

**WALLINGFORD – APRIL 2021 VS APRIL 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	16	$387,806	8	103.0%	102.7%
2022	18	$459,033	13	105.2%	103.7%
	13.0%	14.0%	18.4%	2.2%	1.0%

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus