by Harriman Real Estate on July 29, 2010
Wallingford Market Update for June 2010
Here’s the way the housing market is shaping up in Wallingford as of June 30, 2010:
There are currently 210 single family homes for sale in Wallingford (virtually unchanged from last month):
- Low list price: $49,900
- High list price: $989,000
- Average list price: $329,385
- Median list price: $299,450
- Average Days on Market: 62 (up 11% from last month)
- Homes sold on average for 96.8% of list price (up slightly from last month)
There are 63 homes currently under contract, priced between $69,900 and $999,900. Based on the number of homes sold in June (31), it would take approximately 7 months to sell the current inventory, down 36% from May.
As for condominiums, there are currently 106 condos for sale (up 4 from last month):
- Low list price: $55,000
- High list price: $574,900
- Average list price: $223,670
- Median list price: $209,900
- Average Days on Market: 62 (down 3% from last month)
- Condos sold on average for 94.9% of list price (down 2.2% from last month)
There is currently 1 condo under contract, priced at $169,000, down 50% from May. Based on the number of condos in June (20), it would take 5 months to sell the current inventory, unchanged from May.
The following chart shows annual home and condo sales in Wallingford for year-to-date 2010:

Single family home sales rose by 63% in June, from 19 to 31, but condo sales were up by just a single sale. This is encouraging news since the expiration of the tax credit was expected to deflate the sales numbers going into the summer months. Buyer activity is still strong, fueled in part by still low home prices and mortgage rates, but they seem to be more deliberate in their decision making, perhaps due to the state of the economy. July and August’s numbers will hopefully continue the upward trend of the past few months.
The following chart compares average days on market (ADOM), or how many days it took to sell a home or condo during the month, for the first half of the year:

Average days on market for the two categories both rose in June, continuing their trend of alternating up and down months. The trend may stop this month, as there are some indications that some owners are deciding to rent their homes instead of selling. And, with mortgage criteria becoming more strenuous, this trend might continue through the end of Summer.
For more market info or to inquire about our services, please call us at (203) 672-4499!
Data used was provided by the CTMLS (Connecticut Multiple Listing Service), and is considered reliable but not guaranteed.
by Harriman Real Estate on July 20, 2010
JULY 2010 Housing Trends Newsletter

Welcome to the most current Housing Trends Newsletter. This Newsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends Newsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please click here to view the JULY 2010 Housing Trends Newsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
For more detailed information about a specific market area, call Harriman Real Estate at (203) 672-4499 today!
by Harriman Real Estate on July 14, 2010
Wallingford’s Sonic Drive-In Open For Business
Mickey D’s arches are sagging a bit. BK’s crown has lost a little of its luster. And Wendy’s? Well, they may be lost in Never Never Land.

After months of negotiation, debate, meetings, planning, studies and construction, Wallingford’s newest eatery opened today with style, fanfare and fantastic food. While I could not be there in person, I did follow some of the festivities on Facebook. After the ribbon cutting ceremony at 10 AM, the drive-in began serving customers in earnest at 10:30 AM. Sonic staff did well to take lots of pictures of the tidal wave of customers who descended on the place to get their first taste of the delectable menu of burgers, hot dogs, fries, tater tots, salads, desserts, and the over 169,000 possible combinations of drinks available.
Traffic Woes
As anticipated by Operations Manager Robert Mesite the traffic volume was considerable, apparently high enough to get people turned away at the entrance as early as 1:30 PM according to some disappointed patrons who posted comments on Sonic of CT’s Facebook page. One person said that they had driven about two hours to attend the grand opening, only to be told that no one else was being admitted. The traffic problem, though unfortunate, should not have come as a surprise to anyone who has been following Sonic’s progress. It was a main sticking point in the approval process, and has been emphasized repeatedly by Robert Mesite on the Sonic web site. Plus, anyone who’s been in Connecticut for any length of time remembers the Krispy Kreme opening on the Berlin Turnpike a few years back. Just remembering how that turned out should have been enough to prepare everyone for today’s heavy attendance, and it will probably continue for several more days at least.
Play Nice in the Sandbox
One last thing I’d like to address before I close is all the Sonic bashers/haters/trolls that have been clogging up Sonic’s Facebook page today. These people were making rude remarks about Sonic, the pictures that were being posted, the poor quality of the food, etc. All I have to say is this: if you disapprove of Sonic, their food or how they conduct business, there are ways to make your feelings known without showing the world how much of a butthead you are by acting like one online. Remember, what happens online, stays online…forever. Sonic is proud of what they’ve accomplished, and well they should be. In a time of rising unemployment and dismal economic forecasts, Sonic has brought 130 new jobs to Wallingford and who knows how much revenue will be generated. Bottom line is, Sonic will be nothing but a boon to the Wallingford economy for years to come.
The last official word I heard is that for the first two weeks they’re open, the hours of operation will be 10 AM to 10 PM; beginning August 1st, the hours will change to 6 AM to 11 PM. These hours may change, and of course if they do I’ll post something here as I receive it. In case you don’t know, the new Sonic is located at 1033 North Colony Road on the site of the former Yankee Silversmith Inn. If you haven’t yet done so, you can sign up to be a TIFOS (The Incredible Friends of Sonic) on the Sonic web site, and there are also four videos by Robert Mesite further explaining the grand opening, the honeymoon period, traffic issues and other important information.
WELCOME TO WALLINGFORD, SONIC!!
by Harriman Real Estate on July 13, 2010
Spacious 2 bedroom apartment on second floor of beautiful 1890 Colonial. Lots of kitchen cabinet space; formal dining room, office nook, off-street parking, a deck and nice yard all in a convenient location. Credit check required, security deposit and one month’s rent due at lease signing. Don’t let this one get away!
For more information or to schedule an appointment, please call Pat at (203) 672-4499 today!
by Harriman Real Estate on July 11, 2010
Harriman Real Estate, LLC Welcomes Terez Murphy!
I don’t mind telling you, it’s been pretty hot lately. In more ways than one: the temperature climbed to a record-shattering 106 degrees last Tuesday, and the local real estate market has shown signs of igniting as well. It’s been a hot time for Harriman Real Estate, too. We’ve sold a few homes, put a couple more under deposit and have a couple of new listings in the pipeline. All is right with the world.
And it got just a little more right recently when Harriman Real Estate welcomed Terez Murphy to our family of agents. Terez comes to us with 11 years of experience under her belt, the last 5 1/2 with Coldwell Banker. She is equally at home working with buyers, sellers and renters, and she holds the ABR (Accredited Buyers Representative) designation and also the SFR (Short Sales & Foreclosures Resource) designation, given to those agents who have learned how to help sellers maneuver the complexities of short sales, as well as help buyers pursue short sale and foreclosure opportunities.
In addition to her real estate experience, Terez also has over 16 years experience as a legal secretary/paralegal. She lives in Wallingford with her husband of 15 years, Bryan, and has two stepchildren and Bandit, their dog. Terez will be plying her considerable talents in the Greater New Haven area, and we are very excited and honored to have her join us!
Terez can be reached by phone at (203) 444-1079 or by email at tmurphy@harrimanre.com.
WELCOME TEREZ!!!