Wallingford Real Estate

Wallingford PA Real Estate – January 20, 2020 To January 26, 2020

January 28, 2020 by admin

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

There are 35 homes listed for sale in Wallingford PA and Nether Providence Township on January 28, 2020 with an average asking price of $434,460.

Borrowing costs moved lower this week as the 30-year fixed-rate mortgage averaged 3.6%, Freddie Mac reports. Rates are at the lowest levels in three months and about a quarter-point above all-time lows. “The very low rate environment has clearly had an impact on the housing market, as both new construction and home sales have surged in response to the decline in rates, the rebound in the economy, and improving financial market sentiment,” says Freddie Mac Chief Economist Sam Khater.

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Wallingford Market Snapshot – 35 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$434,460	$439,900	$94,900	$850,000	87

Single Home Market Snapshot – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$520,124	$499,900	$224,900	$850,000	94

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$351,467	$350,000	$269,500	$434,900	158

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$119,675	$119,950	$94,900	$143,900	34

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$223,300	$269,900	$105,000	$295,000	25

*DOM = Days On Market

7 Wallingford PA homes went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listing expired

31 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold January 20, 2020 To January 26, 2020
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
128 Dundee Mills Lane	TOWN	3	2.2	$410,000	01/21/20	6
21 Chestnut Parkway	SNG	3	1.0	$209,950	01/21/20	31
808 Washington Avenue	TWIN	3	1.1	$275,000	01/24/20	58
AVERAGE				$293,333		32

128 Dundee Mills Lane sold with a $750 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 13, 2020 To January 19, 2020

January 21, 2020 by admin

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

There are 39 homes listed for sale in Wallingford PA and Nether Providence Township on January 21, 2020 with an average asking price of $402,236.

More single-family and multifamily homes are coming onto the market soon as new-home construction posts its biggest gains in 13 years. Total housing starts rose nearly 17% in December to a seasonally adjusted annual rate of 1.61 million units, the U.S. Commerce Department reports.

Broken out, starts for single-family homes rose 11.2% to a seasonally adjusted annual rate of 1.06 million in December. The multifamily sector, which includes apartment buildings and condos, climbed nearly 30% to a 553,000 unit pace.

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Wallingford Market Snapshot – 39 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$402,236	$399,999	$94,900	$850,000	83

Single Home Market Snapshot – 26 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$504,823	$499,950	$224,900	$850,000	95

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$351,467	$350,000	$269,500	$434,900	158

Condo Market Snapshot – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$122,098	$122,494	$94,900	$143,900	22

Twin Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$193,700	$295,000	$104,900	$295,000	34

*DOM = Days On Market

2 Wallingford PA home went under contract

5 new listings came onto the market

No listings were withdrawn from the market

1 listing expired

28 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold January 13, 2020 To January 19, 2020
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
310 W Rose Valley Road	SNG	4	2.0	$482,500	01/14/20	35
789 Pennsylvania Avenue	TWIN	2	1.0	$50,000	01/15/20	5
1000 Putnam Blvd #507	CONDO	1	1.0	$110,000	01/15/20	28
318 Palmers Lane	SNG	5	3.0	$410,000	01/15/20	215
800 Avondale Road #6F	CONDO	1	1.0	$98,981	01/16/20	24
213 Pembroke Road	SNG	4	3.2	$303,850	01/16/20	4
822 Meredith Drive	SNG	3	1.1	$425,000	01/17/20	1
AVERAGE				$360,926		45

3 homes sold with a Seller Assist

– 1000 Putnam Blvd #507 – $3,000

– 318 Palmers Lane – $2,200

– 822 Meredith Drive – $20,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 4th Quarter 2019 Review

January 18, 2020 by admin

A total of 48 homes sold during the 4th quarter of 2019 in Wallingford PA. Sales volume exceeded last year by 1 home. The average selling price saw a robust 22.8% increase, rising to $311,966 when compared to last year’s 4th quarter average.

The 29 single family homes sold during the quarter saw their average selling price increase 15.7% compared to last year’s 4th quarter going from $344,452 last year to $398,690 in 2019. Single homes averaged 40 days on the market during the year’s final quarter.

The highest priced home sold in the 4th quarter was 107 Wisteria Lane that sold in November for $730,000.

2019 YEAR END SUMMARY

As the 4th quarter closes marking the end of the year closed transactions fell slightly by 5 homes to 226 for the year. The average selling price in Wallingford finishes at $346,407 representing a 10.4% increase from the $313,899 posted last year. The median price rose from $300,000 to $324,000.

Single family home sales accounted for 155 of the transactions for 2019, up from 152 in 2018. The average selling price of single homes rose to $417,262 representing a 7.0% increase over last year.

**WALLINGFORD – 4TH QUARTER 2018 VS 4TH QUARTER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	47	$254,009	49	93.5%	96.0%
2019	48	$311,966	38	94.8%	97.2%
	2.1%	22.8%	-22.4%	1.3%	1.2%

4TH QUARTER 2019 – SALES BY PRICE RANGE

PRICE RANGE	SALES
< $100,000	1
$100,000 To $200,000	11
$200,000 To $300,000	11
$300,000 To $400,000	13
$400,000 To $500,000	7
$500,000 To $600,000	3
$600,000 To $700,000	1
$700,000 To $800,000	1
TOTAL	48

Single Family Homes Sold – 4th Quarter 2019 – 29 Sales
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$398.690	$355,000	$210,000	$730,000	40

Condominiums Sold – 4th Quarter 2019 – 9 Sales
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$124,766	$126,500	$100,000	$145,000	53

Twin Homes Sold – 4th Quarter 2019 – 6 Sales
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$209,500	$223,500	$75,000	$285,000	19

Townhouses Sold – 4th Quarter 2019 – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$258,125	$196,250	$180,000	$460,000	17

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 2019

January 16, 2020 by admin

Niblick Lane

There were 16 December home sales in Wallingford PA which matches the tally of last year. The average selling price saw a 9.1% increase to $305,837 from $280,316 .Sales consisted of 13 single family homes, 2 condos, and 1 townhome. Homes sold during the month spent an average of just 18 days on the market with a total of $4,893.390 in real estate changing hands during the month.

December’s 13 single family homes sold for an average price of $321,415 and averaged just 16 days on the market vs an average selling price of $331,841 and 107 days on the market last December.

108 Canterbury Drive had the highest selling price for the month at $490,000.

The year 2019 concludes with 225 closed transactions vs 231 in 2018. The average selling price for Wallingford homes in 2019 increased 10.6% to $347,302 over last year’s $313,899. The increase in the average price was driven by the rise in the average price for single family homes sales from $389,970 in 2018 to $417,262 in 2019.

Thirteen listings went under contract during the Holiday season – 8 single family homes, 3 condos, and 2 twins – with an average asking price of $309,076 and spending an average of 41 Days On the Market.

There are 19 settlements scheduled in January, 4 in February, and 1 in April.

Wallingford Homes Sold December 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
103 E Rose Valley Road	SNG	3	2.0	$252,500	12/02/19	4
205 Fairfield Drive	SNG	4	2.1	$325,000	12/04/19	10
412 Sheffield Drive	SNG	3	1.1	$392,500	12/06/19	10
16 Chestnut Parkway	SNG	3	2.0	$249,900	12/06/19	7
700 Avondale Road #5F	CONDO	2	2.0	$122,990	12/09/19	12
624 Green Valley Road	SNG	3	1.1	$345,000	12/12/19	43
310 W Brookhaven Road	SNG	2	1.0	$210,000	12/13/19	27
519 Scott Lane	SNG	4	1.1	$241,000	12/13/19	3
800 Avondale Road #5G	CONDO	2	2.0	$132,000	12/20/19	17
108 Canterbury Drive	SNG	4	3.1	$490,000	12/20/19	17
100 Dundee Mills Lane	TOWN	4	3.1	$460,000	12/20/19	51
205 Canterbury Drive	SNG	4	1.1	$355,000	12/23/19	3
402 Golfview Road	SNG	4	2.0	$312,500	12/30/19	3
211 Ridley Drive	SNG	3	2.0	$242,000	12/30/19	4
614 W Brookhaven Road	SNG	5	2.1	$324,000	12/30/19	71
4 Putters Lane	SNG	3	2.0	$439,000	12/31/19	3
AVERAGE				$305,837		18

* DOM = Days On Market

6 of 16 transactions sold with a Seller Assist:

– 205 Fairfield Drive -$9,750

– 700 Avondale Road #5F – $1,000

– 108 Canterbury Drive – $500

– 100 Dundee Mills Lane – $7,000

– 205 Canterbury Drive – $13,000

– 4 Putters Lane – $2,000

Financing Methods

– Conventional Mortgage -12 transactions

– Cash – 4 transactions

**WALLINGFORD SINGLE HOMES – DECEMBER 2019 – 13 SALES**
Avg Price	Median Price	Low	High	DOM*
$321,415	$324,000	$210,000	$490,000	16

**WALLINGFORD CONDOS – DECEMBER 2019 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$127,495	$127,495	$122,990	$132,000	15

**WALLINGFORD TOWNHOMES – DECEMBER 2019- 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$460,000	$460,000	$460,000	$460,000	51

**WALLINGFORD – DECEMBER 2018 VS DECEMBER 2019**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2018	16	$280,316	46	96.4%	97.4%
2019	16	$305,837	18	96.9%	97.7%
	0.0%	9.1%	-60.9%	0.5%	0.3%

* DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 6, 2020 To January 12, 2020

January 14, 2020 by admin

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

There are 36 homes listed for sale in Wallingford PA and Nether Providence Township on January 14, 2020 with an average asking price of $436,322.

Homeowners who opt to downsize into a smaller place say that saving money was their chief motivator, along with having to manage less space after the children have moved out. But some home buyers could have downsizing regret as they transition into a smaller home.

Homes.com surveyed more than 1,000 consumers who have downsized their homes. They found that those who downsized did tend to spend 62% less than the house they owned prior. However, many downsizers still weren’t happy.

Half of the survey respondents said that getting rid of possessions was a major challenge when downsizing to a smaller home, and the loss of space was one of their greatest challenges.

Also, nearly a fifth of homeowners who downsized said their move ended up being farther away from their family or friends. Twelve percent said their new space felt lonely.

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Wallingford Market Snapshot – 36 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$436,322	$461,950	$94,900	$850,000	88

Single Home Market Snapshot – 26 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$519,586	$499,950	$224,900	$850,000	96

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$351,533	$350,000	$269,700	$434,900	154

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$118,425	$117,450	$94,900	$143,900	23

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$223,267	$269,900	$104,900	$295,000	40

*DOM = Days On Market

1 Wallingford PA home went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings expired

26 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold January 6, 2020 To January 12, 2020
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
25 Chester Road	SNG	3	2.0	$280,000	01/10/20	10
110 Walnut Road	SNG	3	1.0	$215,000	01/10/20	44
517 Beatty Road	SNG	3	2.1	$303,850	01/10/20	166
AVERAGE				$266,283		73

2 homes sold with a Seller Assist

– 25 Chester Road – $10,000

– 110 Walnut Road – $600

Wallingford PA Real Estate – Wallingford, PA 19086

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2019 YEAR END SUMMARY

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S. Clark Kendus