Wallingford Real Estate

Wallingford PA Real Estate – January 11, 2021 To January 17, 2021

January 19, 2021 by admin

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

There are 14 homes listed for sale – 6 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 19, 2021 with an average asking price of $490,036.

Sixty percent of home buyers and sellers say they’re optimistic about the housing market in 2021, a leap above 2020’s numbers, according to a new survey commissioned by Redfin. High earners and homeowners are the most upbeat, shows the survey of more than 1,400 people, which was conducted in November and December.

Nearly three-quarters of respondents who earn more than $150,000 say the housing market will fare better in 2021 than 2020, the highest of any other income group. Also, 64% of homeowners believe the housing market this year will outperform last year. Sellers express more optimism than buyers; recent double-digit gains in home prices likely explain seller enthusiasm.

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Wallingford Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$490,036	$389,450	$104,900	$949,000	81

Single Home Market Snapshot – 10 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$587,670	$562,500	$279,900	$949,000	89

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$289,950	$289,950	$240,000	$339,900	33

Twin Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$201,950	$201,950	$104,900	$299,000	87

4 Wallingford PA homes went under contract

2 new listings came onto the market

1 listing was withdrawn from the market

1 listing was temporarily taken off the market

1 listing expired

23 homes are Under Contract at this time

6 Wallingford PA homes sold last week

**Wallingford Homes Sold January 11, 2021 To January 17, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
860A Putnam Blvd	CONDO	2	1.0	$125,500	01/11/21	4
217 Ridley Drive	SNG	5	1.1	$315,000	01/14/21	8
100 S Providence Road	SNG	4	2.1	$640,000	01/15/21	4
408 Hawthorne Road	SNG	4	2.2	$512,000	01/15/21	5
707 Kincaid Mills Lane	TOWN	3	2.2	$408,000	01/15/21	84
114 Cameron Drive	SNG	4	2.1	$400,000	01/15/21	98
AVERAGE				$400,083		34

2 homes sold with a Seller Assist

– 408 Hawthorne Road – $7,500

– 114 Cameron Drive – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 4th Quarter 2020 Review

January 17, 2021 by admin

A total of 58 homes sold during the 4th quarter of 2020 in Wallingford PA. Sales volume for the quarter exceeded last year by 10 homes. The average selling price saw a robust 34.8% increase, rising to $420,429 when compared to last year’s 4th quarter average. The steep rise in price can be attributed to stronger sales in higher price ranges – above $500,000

The 42 single family homes sold during the quarter saw their average selling price increase 27.6% compared to last year’s 4th quarter going from $398,690 last year to $508,607 in 2020. Single homes averaged 24 days on the market during the year’s final quarter.

There were 19 sales in October, 21 in November, and 18 in December.

The highest priced home sold in the 4th quarter was 4 Fern Lane that sold in November for $1,006,000.

**WALLINGFORD – 4TH QUARTER 2019 VS 4TH QUARTER 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	48	$311,966	38	94.8%	97.2%
2020	58	$420,429	25	99.6%	100.9%
	20.8%	34.8%	-34.2%	4.8%	3.7%

4TH QUARTER 2020 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	9
$200,000 To $300,000	7
$300,000 To $400,000	11
$400,000 To $500,000	11
$500,000 To $600,000	9
$600,000 To $700,000	5
$700,000 To $800,000	1
$800,000 To $900,000	2
$900,000 To $1,000,000	1
> $1,000,000	1
TOTAL	58

**Single Family Homes Sold – 4th Quarter 2020 – 42 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$508,607	$486,750	$237,000	$1,006,000	24

**Condominiums Sold – 4th Quarter 2020 – 6 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$134,417	$127,750	$104,500	$188,000	17

**Twin Homes Sold – 4th Quarter 2020 – 4 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$238,725	$257,450	$150,000	$290,000	44

**Townhouses Sold – 4th Quarter 2020 – 3 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,000	$279,000	$270,000	$390,000	46

**Row Homes Sold – 4th Quarter 2020 – 3 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$107,667	$131,500	$55,000	$136,500	8

*DOM = Days On Market

2020 YEAR END SUMMARY

As the 4th quarter closes marking the end of the year closed transactions fell slightly by 3 homes to 223 for the year, which is remarkable since the pandemic shut down real estate for almost 2 months. The average selling price in Wallingford finishes at $379,689 representing a 9.6% increase from the $346,407 posted last year. The median price rose from $324,000 to $375,000.

Single family home sales accounted for 161 of transactions for 2020, up from 155 in 2019. The average selling price of $452,648 represents a 8.5% increase over last year’s average of $417,262.

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 2020

January 14, 2021 by admin

Leiper House

There were 18 home sales in Wallingford PA in December – 5 more than last December. The average selling price rose to $397,494 from $305,837. Sales consisted of 13 single family homes, 2 condos, 1 townhome, 1 twin, and 1 row home. Homes sold during the month spent an average of just 45 days on the market with a total of $7,154,900 in real estate changing hands during the month.

December’s 13 single family homes sold for an average price of $473,115 and averaged 50 days on the market vs an average selling price of $321,415 and 16 days on the market last December.

30 Brookside Road had the highest selling price for the month at $670,000.

Seventeen listings went under contract during the Holiday season – 11 single family homes, 2 condos, 2 twins, and 2 townhomes – with an average asking price of $417,426 and spending an average of 37 Days On the Market.

There are 20 settlements scheduled in January and 4 in February.

The year 2020 concludes with 222 closed transactions vs 226 in 2019. The average selling price for Wallingford homes in 2020 increased 9.6% to $379,530 over last year’s $346,407. The increase in the average price was driven by the rise in the average price for single family homes sales from $417,262 in 2019 to $452,883 in 2020.

**Wallingford Homes Sold December 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
202 Beaumont Drive	SNG	5	2.0	$575,000	12/01/20	0
708 Washington Avenue	SNG	3	1.1	$300,000	12/02/20	10
402 Briarwood Lane	SNG	3	1.0	$517,000	12/02/20	6
841 Surrey Lane	SNG	3	2.0	$430,000	12/04/20	6
705 Media Parkway	SNG	3	1.0	$281,000	12/09/20	3
30 Brookside Road	SNG	4	3.0	$670,000	12/10/20	6
702 Hartford Court	ROW	3	1.0	$136,500	12/11/20	6
317 Prichard Lane	SNG	3	2.1	$352,500	12/17/20	3
755 W Brookhaven Road	SNG	4	4.0	$515,000	12/17/20	63
800 Avondale Road #7N	CONDO	1	1.0	$104,500	12/17/20	22
625 W Wiltshire Drive	TWIN	3	2.1	$244,900	12/21/20	4
415 Marie Drive	SNG	4	3.1	$625,000	12/21/20	365
120 Dundee Mills Lane	SNG	3	2.1	$390,000	12/22/20	124
720 W Brookhaven Road	SNG	5	2.0	$350,000	12/22/20	162
814B Putnam Blvd	CONDO	2	1.0	$123,500	12/23/20	5
604 Wilder Road	SNG	4	3.1	$511,000	12/28/20	4
300 Sykes Lane	SNG	4	2.1	$499,000	12/28/20	5
605 Bickmore Drive	SNG	5	2.1	$525,000	12/30/20	16
AVERAGE				$397,494		45

* DOM = Days On Market

7 of 18 transactions sold with a Seller Assist:

– 202 Beaumont Drive – $500

– 708 Washington Avenue – $5,000

– 841 Surrey Lane – $1,500

– 755 W Brookhaven Road – $10,000

– 120 Dundee Mills Lane – $300

– 604 Wilder Road – $3,200

– 300 Sykes Lane – $2,500

Financing Methods

– Conventional Mortgage -11 transactions

– Cash – 5 transactions

– FHA Mortgage – 2 transactions

**WALLINGFORD SINGLE HOMES – DECEMBER 2020 – 13 SALES**
Avg Price	Median Price	Low	High	DOM*
$473,115	$511,000	$281,000	$670,000	50

**WALLINGFORD CONDOS – DECEMBER 2020 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$114,000	$114,000	$104,500	$123,500	14

**WALLINGFORD TOWNHOMES – DECEMBER 2020- 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$390,000	$390,000	$390,000	$390,000	124

**WALLINGFORD TWINS – DECEMBER 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$249,900	$249,900	$249,900	$249,900	4

**WALLINGFORD ROW HOMES – DECEMBER 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$136,500	$136,500	$136,500	$136,500	6

**WALLINGFORD – DECEMBER 2018 VS DECEMBER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	16	$305,837	18	96.9%	97.7%
2020	18	$397,494	45	97.6%	99.0%
	12.5%	30.0%	150.0%	0.7%	1.3%

* DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 4, 2021 To January 10, 2021

January 12, 2021 by admin

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

There are 16 homes listed for sale – 9 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 12, 2021 with an average asking price of $443,031.

Mortgage rates started the year with a new record low. The 30-year fixed-rate mortgage dropped to a 2.65% average this week, the lowest since Freddie Mac began tracking such records more than 50 years ago.

“Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates have been offset by rising home prices,” says Sam Khater, Freddie Mac’s chief economist. “However, the forces behind the drop in rates have been shifting over the last few months, and rates are poised to rise modestly this year.” That could prompt a decline in housing affordability and squeeze home buyers during the spring selling season, Khater cautions.

The National Association of REALTORS® has forecasted mortgage rates to average 3.1% in 2021.

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

30-year fixed-rate mortgages: averaged 2.65%, with an average 0.7 point, dropping from last week’s 2.67% average. Last year at this time, 30-year rates averaged 3.64%.
15-year fixed-rate mortgages: averaged 2.16%, with an average 0.6 point, falling slightly from last week’s 2.17% average. A year ago, 15-year rates averaged 3.07%.
5-year hybrid adjustable-rate mortgages: averaged 2.75%, with an average 0.3 point, rising from last week’s 2.71% average. A year ago, 5-year ARMs averaged 3.30%.

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Wallingford Market Snapshot – 16 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$443,031	$334,900	$65,000	$949,000	74

Single Home Market Snapshot – 10 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$594.070	$574,500	$279,900	$949,000	90

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$289,950	$289,950	$240,000	$339,900	28

Twin Home Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$156,300	$104,900	$65,000	$299,000	67

Condo Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$115,000	$115,000	$115,000	$$115,000	24

2 Wallingford PA homes went under contract

2 new listings came onto the market

1 listing was withdrawn from the market

No listings were temporarily taken off the market

No listings expired

25 homes are Under Contract at this time

4 Wallingford PA homes sold last week

**Wallingford Homes Sold January 4, 2021 To January 10, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
701 Beechwood Road	SNG	4	2.3	$650,200	01/04/21	4
109 Ridley Drive	SNG	4	2.0	$395,000	01/07/21	47
752 W Brookhaven Road	SNG	3	2.0	$335,000	01/08/21	9
725 S Providence Road	SNG	3	2.0	$520,000	01/08/21	6
AVERAGE				$475,050		17

752 W Brookhaven Road sold with a $4,750 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 28, 2020 To January 3, 2021

January 5, 2021 by admin

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

There are 14 homes listed for sale – just 6 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 5, 2021 with an average asking price of $480,329.

The latest housing data shows consumers returning to urban areas after abandoning cities for the suburbs in the early days of the COVID-19 pandemic. In places such as New York, San Francisco, Chicago, and Boston, some rental buildings went from full occupancy to 50% vacant as remote work and school enabled residents to move to less congested areas.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 14 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$480,329	$424,450	$65,000	$949,000	70

Single Home Market Snapshot – 11 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$547,336	$485,000	$299,000	$949,000	82

Townhouse Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$339,900	$339,900	$339,900	$339,900	47

Twin Home Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$182,000	$182,000	$65,000	$299,000	15

3 Wallingford PA homes went under contract

1 new listing came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

1 listing expired

28 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold December 28, 2020 To January 3, 2021**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
604 Wilder Road	SNG	4	3.1	$511,000	12/28/20	4
300 Sykes Lane	SNG	4	2.1	$499,000	12/28/20	5
605 Bickmore Drive	SNG	5	2.1	$525,000	12/30/20	16
AVERAGE				$511,667		8

2 homes sold with a Seller Assist

– 604 Wilder Road – $3,200

– 300 Sykes Lane – $2,500

Wallingford PA Real Estate – Wallingford, PA 19086

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2020 YEAR END SUMMARY

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S. Clark Kendus