Wallingford Real Estate

Wallingford PA Real Estate – March 16, 2020 To March 22, 2020

March 24, 2020 by admin

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

There are 37 homes listed for sale in Wallingford PA and Nether Providence Township on March 24, 2020 with an average asking price of $473,451.

According to a March 16 – 17 survey fewer home buyers are venturing out amid concerns of the coronavirus outbreak. Nearly half of REALTORS® – or 48% – surveyed said that home buyer interest has decreased due to COVID-19, according to a new survey released Thursday by the National Association of REALTORS®. However, sellers are mostly keeping their homes listed on the market. About seven in 10 REALTORS® report there’s been no change in the number of homes on the market since the outbreak, although that has slipped from 87% a week ago.

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Wallingford Market Snapshot – 37 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$473,451	$499,900	$125,000	$1,049,900	48

Single Home Market Snapshot – 32 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$510,966	$530,000	$225,000	$1,049,900	49

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$296,950	$296,950	$296,950	$296,950	26

Condo Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$132,450	$132,450	$125,000	$139,900	48

Twin Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$308,000	$308,000	$308,000	$308,000	44

*DOM = Days On Market

6 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing was withdrawn from the market

1 listing expired

35 homes are Under Contract at this time

4 Wallingford PA homes sold last week

**Wallingford Homes Sold March 16, 2020 To March 22, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
675 Niblick Lane	TOWN	3	3.0	$300,000	03/16/20	294
112 Beech Road	SNG	3	2.0	$277,700	03/18/20	3
5 Byre Lane	SNG	4	2.0	$349,900	03/20/20	4
658 Niblick Lane	TOWN	4	2.1	$255,000	03/20/20	173
AVERAGE				$295,650		119

2 homes sold with a Seller Assist:

– 112 Beech Road – $700

– 5 Byre Lane – $10,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – March 9, 2020 To March 15, 2020

March 17, 2020 by admin

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

There are 37 homes listed for sale in Wallingford PA and Nether Providence Township on March 17, 2020 with an average asking price of $437,908.

Some home sellers are making changes to how their listing is viewed by prospective buyers amid growing concerns over the COVID-19 outbreak.

About a quarter of real estate professionals surveyed by the National Association of REALTORS® said their sellers are taking extra precautions, including stopping open houses, requiring buyers to wash their hands or use hand sanitizer, or asking buyers to remove shoes and wear protective booties.

The coronavirus is having a mixed impact on the housing market. It’s decreasing buyer traffic somewhat – although in still relatively low numbers – but it’s also not deterring some home buyers and sellers from taking advantage of the lowest mortgage rates in history, shows NAR’s survey, which is based on responses from more than 2,500 real estate professionals.

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Wallingford Market Snapshot – 37 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$437,908	$450,000	$85,000	$1,049,900	51

Single Home Market Snapshot – 31 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$477,926	$489,000	$225,000	$1,049,900	55

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$362,000	$362,000	$335,000	$389,000	26

Condo Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$132,450	$132,450	$125,000	$139,900	41

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,000	$199,000	$85,000	$313,000	21

*DOM = Days On Market

7 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing was withdrawn from the market

1 listing expired

36 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold March 9, 2020 To March 15, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
412 Rogers Lane	SNG	4	2.1	$465,000	03/12/20	64
AVERAGE				$465,000		64

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – March 2, 2020 To March 8, 2020

March 10, 2020 by admin

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

There are 28 homes listed for sale in Wallingford PA and Nether Providence Township on March 10, 2020 with an average asking price of $466,489.

With a severely limited supply of homes on the market and the lowest mortgage rates in history, house hunters should expect steep competition this spring. The coronavirus remains a wild card for the housing market, but if the scare is short-lived, buyers are poised to swoop down in droves.

Inventory in January was the lowest it has been in more than two decades. At the end of the month, there were 1.42 million homes for sale, including condos, co-ops, and single-family homes. That is down 10.7% from a year earlier, according to data from the National Association of REALTORS®. However, buyer demand has remained high, which has put pressure on home prices. The median sales price for all housing types was $266,300, up 6.8% from a year ago, NAR’s housing data shows.

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Wallingford Market Snapshot – 28 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$466,489	$494,450	$125,000	$1,049,900	54

Single Home Market Snapshot – 23 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$511,296	$499,999	$232,800	$1,049,900	60

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$362,000	$362,000	$335,000	$389,000	19

Condo Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$132,450	$132,450	$125,000	$139,900	34

Twin Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,000	$313,000	$313,000	$313,000	30

*DOM = Days On Market

6 Wallingford PA homes went under contract

4 new listings came onto the market

No listing were withdrawn from the market

2 listings expired

26 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold March 2, 2020 To March 8, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
219 Woodward Road	SNG	4	2.1	$481,000	03/06/20	88
AVERAGE				$481,000		88

219 Woodward Road sold with a $6,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 2020

March 6, 2020 by admin

There were 21 closed transactions in Wallingford during February which almost doubled last year’s sales. The average selling price was almost dead even with last year at $394,643.

Fourteen single family homes sold for an average price of $410,600 during the month and averaged 66 Days On Market. Last February recorded 10 singles homes selling for an average price of $410,600 and spent an average of 78 Days On Market.

507 W Country Club Lane had the highest selling price of the month at $805,000.

Eleven listings went under contract during the month – 10 single family homes and 1 condo – with an average asking price of $335,709 and an average of 15 Days On the Market.

There are 17 future settlements scheduled – 13 in March, 2 in April, and 2 in May.

Sales year to date are way ahead of last year with 40 closed transactions for the first 2 months of 2020 compared to 25 last year. The average selling price of $333,943 is a 3.7% dip compared to last year.

**Wallingford PA Closed Transactions February 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
112 Blackthorn Road	SNG	3	1.0	$175,000	02/04/20	24
710A Putnam Blvd	CONDO	2	1.0	$122,000	02/07/20	26
414 Scott Lane	SNG	4	2.1	$385,000	02/07/20	13
304 W Rose Valley Road	SNG	4	3.1	$566,000	02/12/20	117
205 Pembroke Road	SNG	4	2.2	$520,000	02/13/20	43
305 Marlyn Lane	SNG	4	2.0	$479,000	02/14/20	1
819 Beech Road	TWIN	3	1.1	$192,500	02/14/20	29
208 Plush Mill Road	SNG	5	2.1	$490,000	02/19/20	126
202 Knoll Road	SNG	5	2.1	$535,000	02/20/20	9
412 Turner Road	SNG	3	2.1	$285,000	02/2020	134
403 Denver Court	TWIN	1	1.0	$100,000	02/21/20	33
107 Cedar Road	SNG	3	1.0	$220,000	02/21/20	120
913 Penn Valley Road	SNG	4	2.1	$440,000	02/21/20	200
745 Windsor Place	SNG	4	2.1	$330,000	02/21/20	14
422 Washington Avenue	TWIN	3	1.1	$275,000	02/21/20	7
816 Pleasant Hill Road	SNG	4	2.1	$385,000	02/24/20	36
316B Saybrook Lane	CONDO	2	1.0	$127,500	02/27/20	3
713 Kincaid Mills Lane	TOWN	3	3.1	$443,000	02/27/20	8
800 Avondale Road #4M	CONDO	1	1.0	$107,500	02/28/20	42
612 Bickmore Drive	SNG	3	1.1	$360,000	02/28/20	42
507 W Country Club Lane	SNG	4	2.1	$805,000	02/28/20	43
AVERAGE				$394,643		51

* DOM = Days On Market

8 of 21 transactions had a Seller Assist:

– 414 Scott Lane – $4,160

– 305 Marlyn Lane – $15,000

– 819 Beech Road – $5,775

– 208 Plush Mill Road – $1,000

– 202 Knoll Road – $1,000

– 403 Denver Court – $1,000

– 422 Washington Avenue – $8,000

– 800 Avondale Road #4M – $2,000

Financing Methods

– Conventional Mortgage – 12 transactions

– Cash – 5 transactions

– FHA Mortgage – 2 transactions

– VA Mortgage – 1 transaction

– Private Mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES – FEBRUARY 2020 – 14 SALES**
Avg Price	Median Price	Low	High	DOM*
$426,786	$412,500	$175,000	$805,000	66

**WALLINGFORD TWINS – FEBRUARY 2020 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$189,167	$192,500	$100,000	$275,000	23

**WALLINGFORD CONDOS – FEBRUARY 2020 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$119,000	$122,000	$107,500	$127,500	24

**WALLINGFORD TOWNHOUSES – FEBRUARY 2020 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$443,000	$443,000	$443,000	$443,000	8

**WALLINGFORD – FEBRUARY 2019 VS FEBRUARY 2020**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2019	11	$394,636	77	91.6%	95.3%
2020	21	$394,643	51	94.3%	96.1%
	91.0%	0.0%	-33.8%	2.7%	0.8%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 24, 2020 To March 1, 2020

March 3, 2020 by admin

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

There are 29 homes listed for sale in Wallingford PA and Nether Providence Township on March 3, 2020 with an average asking price of $475,045.

Borrowing costs continue to head lower, enticing home shoppers and homeowners looking to refinance to lock-in.

“Given the recent volatility of the ten-year Treasury yield, it’s not surprising that mortgage rates again have dropped,” says Sam Khater, Freddie Mac’s chief economist. “These low rates combined with high consumer confidence continue to drive home sales upward, a trend that is likely to endure as we enter spring.”

Freddie Mac reported the following national averages with mortgage rates for the week ending Feb. 27:

30-year fixed-rate mortgages: averaged 3.45%, with an average 0.7 point, falling from last week’s 3.49% average. Last year at this time, 30-year rates averaged 4.35%.
15-year fixed-rate mortgages: averaged 2.95%, with an average 0.8 point, falling from last week’s 2.99% average. A year ago, 15-year rates averaged 3.77%.
5-year hybrid adjustable-rate mortgages: averaged 3.20%, with an average 0.2 point, falling from last week’s 3.25% average. A year ago, 5-year ARMs averaged 3.84%.

Mortgage rates fluctuate, and over the last 50 years they’ve changed significantly, Freddie Mac notes in a recent blog post. Consider, in the 1970s, the average rate was 8.86% compared to today’s 3.45%. Freddie Mac compiled the following chart to show how much mortgage rates have changed over the last five decades.

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Wallingford Market Snapshot – 29 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$475,045	$499,900	$99,999	$1,049,900	57

Single Home Market Snapshot – 23 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$542,800	$535,000	$232,800	$1,049,900	67

Townhouse Market Snapshot – 1 Listing
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$389,000	$389,000	$389,000	$389,000	18

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$121,633	$125,000	$99,999	$139,900	21

Twin Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$269,000	$269,000	$225,000	$313,000	13

*DOM = Days On Market

3 Wallingford PA homes went under contract

3 new listings came onto the market

1 listing was withdrawn from the market

No listings expired

25 homes are Under Contract at this time

5 Wallingford PA homes sold last week

**Wallingford Homes Sold February 24, 2020 To March 1, 2020**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
316B Saybrook Lane	CONDO	2	1.0	$127,500	02/27/20	3
713 Kincaid Mills Lane	TOWN	3	3.1	$443,000	02/27/20	8
800 Avondale Road #4M	CONDO	1	1.0	$107,500	02/28/20	42
507 W Country Club Lane	SNG	4	2.1	$805,000	02/28/20	43
612 Buckmore Drive	SNG	3	1.1	$360,000	02/28/20	42
AVERAGE				$368,600		28

800 Avondale Road #4M sold with a $2,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus