Wallingford Real Estate

Wallingford PA Real Estate – December 30, 2019 To January 5, 2020

January 7, 2020 by admin

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

There are 33 homes listed for sale in Wallingford PA and Nether Providence Township on January 7, 2020 with an average asking price of $484,006.

Home shoppers are being greeted with much lower mortgage rates to kick off 2020 than they were a year ago. The 30-year fixed-rate mortgage averaged 3.72% this week, compared to 4.51% at the beginning of 2019.

Improving economic data has led to a stability in mortgage rates over the last few weeks. Thirty-year rates have generally hovered around an average of 3.7% for the past two months.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 33 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$484,006	$515,000	$104,900	$850,000	89

Single Home Market Snapshot – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$523,180	$519,888	$224,900	$850,000	95

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,850	$309,850	$269,700	$350,000	221

Condo Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$126,226	$119,999	$114,900	$143,900	7

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$223,267	$269,900	$104,900	$295,000	35

*DOM = Days On Market

5 Wallingford PA homes went under contract

2 new listings came onto the market

No listings were withdrawn from the market

8 listings expired

27 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold December 30, 2019 To January 5, 2020
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
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
367 Saybrook Lane	TOWN	3	2.1	$175,000	01/02/20	38
712B Putnam Blvd	CONDO	2	1.0	$115,000	01/03/20	30
AVERAGE				$267,917		25

4 Putters Lane sold with a $2,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 23, 2019 To December 29, 2019

December 31, 2019 by admin

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

There are 34 homes listed for sale in Wallingford PA and Nether Providence Township on December 31, 2019 with an average asking price of $428,203.

Pending home sales rose 1.2% in November after slipping the prior month, according to the National Association of REALTORS®’ latest housing report, which was released Monday. Year-over-year contract signings were up 7.4% nationally, according to the report.

November’s Pending Home Sales Index reached 108.5; an index of 100 is equal to the level of contract activity in 2001. The West region of the country reported the highest monthly growth in pending home sales at 5.5%, while the Midwest jumped 1%. The Northeast and South saw only minor adjustments in month-over-month contract activity.

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Wallingford Market Snapshot – 34 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$428,203	$442,450	$94,900	$850,000	89

Single Home Market Snapshot – 25 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$514,904	$499,900	$224,900	$850,000	93

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,850	$309,850	$269,700	$350,000	215

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$116,675	$120,950	$94,900	$129,900	44

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,966	$199,999	$104,900	$295,000	37

*DOM = Days On Market

1 Wallingford PA home went under contract

1 new listing came onto the market

No listings were withdrawn from the market

No listings expired

24 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold December 23, 2019 To December 29, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
205 Canterbury Drive	SNG	4	1.1	$355,000	12/23/19	3
AVERAGE				$355,000		3

205 Canterbury Drive sold with a $13,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 16, 2019 To Decmber 22, 2019

December 24, 2019 by admin

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

The U.S. House passed legislation Thursday to double the SALT cap for married couples for 2019 and repeal the cap fully in 2020. The bill passed narrowly by a vote of 218–206.

The SALT cap implemented by the Tax Cuts and Jobs Act of 2017 imposes a significant marriage penalty through its uniform $10,000 limit for single and joint filers. In addition, while the standard deduction is pegged to inflation, the SALT cap is not. Without policy change, more and more Americans will find that the tax incentives of owning or buying a home diminish with each passing year, NAR says.

There are 35 homes listed for sale in Wallingford PA and Nether Providence Township on December 24, 2019 with an average asking price of $429,968.

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Wallingford Market Snapshot – 35 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$429,968	$454,900	$94,900	$850,000	87

Single Home Market Snapshot – 26 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$513,134	$499,900	$224,900	$850,000	92

Townhouse Market Snapshot – 2 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,850	$309,850	$269,700	$350,000	208

Condo Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$115,450	$118,5000	$94,900	$129,900	44

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,966	$199,999	$104,900	$295,000	30

*DOM = Days On Market

1 Wallingford PA home went under contract

2 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 December 16, 2019 To December 22, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
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
AVERAGE				$360,667		28

2 homes sold with a Seller Assist

– 108 Canterbuty Drive – $500

– 100 Dundee Mills Lane – $7,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 9, 2019 To December 15, 2019

December 17, 2019 by admin

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

There are 41 homes listed for sale in Wallingford PA and Nether Providence Township on December 17, 2019 with an average asking price of $412.317.

A humming economy and a halt to Federal Reserve interest rate hikes—at least in the immediate future—are helping to push mortgage rates higher. With economic expansion expected to continue into the new year, the 30-year fixed-rate mortgage, which increased to an average of 3.73% this week, could see steady inclines over the long haul, Freddie Mac reports.

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Wallingford Market Snapshot – 41 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,317	$430,000	$94,900	$850,000	76

Single Home Market Snapshot – 30 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$490,960	$499,450	$224,900	$850,000	81

Townhouse Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$269,867	$269,700	$189,900	$350,000	146

Condo Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$117,340	$124,900	$94,900	$129,900	36

Twin Market Snapshot – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,966	$199,999	$104,900	$295,000	23

*DOM = Days On Market

5 Wallingford PA homes went under contract

2 new listings came onto the market

2 listings were withdrawn from the market

No listings expired

29 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold December 9, 2019 To December 15, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road #4F	CONDO	2	2.0	$122,990	12/09/19	12
6 E Brookhaven Road	SNG	6	5.0	$690,000	12/09/19	50
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
AVERAGE				$315,998		23

700 Avondale Road #4F sold with a $1,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – December 2, 2019 To December 8, 2019

December 10, 2019 by admin

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

There are 43 homes listed for sale in Wallingford PA and Nether Providence Township on December 10, 2019 with an average asking price of $406,810.

The number of homes for sale plunged by nearly 10% annually in November at a time when low interest rates are increasing buyer demand, according to realtor.com®’s November 2019 Housing Trends report. The shortage of homes is accelerating: Inventories in November dropped 9.5% annually compared to 6.9% annually in October.

“As millennials—the largest cohort of buyers in U.S. history—embrace homeownership and take advantage of this year’s unexpectedly low mortgage rates, demand is outstripping supply, causing inventory to vanish,” says George Ratiu, realtor.com®’s chief economist. “The housing shortage is felt acutely at the entry-level of the market, where most millennials are looking to break into the market for their first home.” Further, Ratiu says that sellers appear to be reluctant to list their homes during the colder months when the market typically sees a seasonal slowdown.

Last month’s inventory declines equated to about a decrease of 131,000 listings nationwide compared to a year ago. The volume of new listings coming to the market fell by 7.7% compared to last year.

Affordable homes are hardest to find. The inventory of homes priced below $200,000 dropped 16.5% year-over-year in November. Homes priced between $200,000 to $750,000—considered mid-tier inventory—decreased 7.4% year-over-year, while high-end inventory above $1 million fell 1.7% year-over-year, realtor.com® reports.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 43 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$406,810	$435,750	$65,000	$850,000	72

Single Home Market Snapshot – 30 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$496,263	$499,450	$224,900	$850,000	80

Townhouse Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$306,150	$309,850	$189,900	$415,000	108

Condo Market Snapshot – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$117,940	$127,000	$94,900	$129,900	29

Twin Market Snapshot – 4 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$197,658	$202,417	$65,000	$320,800	26

*DOM = Days On Market

5 Wallingford PA homes went under contract

5 new listings came onto the market

2 listings were withdrawn from the market

1 listing expired

31 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold December 2, 2019 To December 8, 2019
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
103 E Rose Valley Road	SNG	3	2.0	$252,500	12/02/19	4
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
AVERAGE				$298,300		7

No homes sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus