Wallingford CT Market Snapshot for January 2013

by Harriman Real Estate on February 6, 2013

There are currently 131 single family homes for sale in Wallingford:

Low list price: $32,500

High list price: $1,500,000

Average list price: $369,123

Median list price: $339,900

Average Days on Market: 109

Homes sold on average for 96.6% of list price

There are 73 homes currently under contract, priced between $95,000 and $700,000. Based on the number of homes sold in January (25), it would take approximately 5 months to sell the current inventory.

As for condominiums, there are currently 61 condos for sale:

Low list price: $55,000

High list price: $489,900

Average list price: $222,731

Median list price: $205,000

Average Days on Market: 83

Condos sold on average for 95.9% of list price

There are currently 17 condos under contract, priced between $60,000 and $420,000. Based on the number of condos sold in January (5), it would take 12 months to sell the current inventory.

Wallingford home sales dropped slightly in January to 30 units, down from 33 in December. Sales were up 20% from January 2012, however, and up 53% from January of 2011. The average selling price for condos showed a healthy 10% gain in January, rising to just over $213,000, while the average sale price for single family homes was up by a tad over 1% to just over $356,000. Thirty year conventional mortgage rates have recently risen again and are now at 3.50%, but CHFA rates for first time home buyers remained unchanged at 2.75 percent.

Inventory levels rose 2.7% in January, an encouraging sign after several consecutive months of losses. That, coupled with the decreased sales totals, were enough to drop Wallingford into a balanced market with just over 6 months of inventory now available. We’re hoping that the increase in inventory and sales prices is the start of a good trend for 2013; buyers should continue to do their homework and be ready to act quickly if you find the right home for you, while sellers should keep their homes in tip-top showing condition and priced well to attract well-qualified buyers.

Here’s a chart showing year-to-date house and condo sales in Wallingford:

This chart shows what price …

 Click to see the full report

Below are highlight properties for Wallingford CT Market Snapshot for January 2013. See more at the full report:
Highlights Maps & Local Schools
Status: Active
172 GRIEB RD, Wallingford, CT
$389900
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: N333366
Listing Courtesy of: Pat Harriman

Status: For Lease
73 STAFFORDSHIRE COMMONS DR, Wallingford, CT
$1350
2 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 HALF ]
LISTING MLS ID: N331677
Listing Courtesy of: Pat Harriman

Status: Leased
12 WHITE TAIL LN, Wallingford, CT
$1325
2 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 HALF ]
LISTING MLS ID: N331841
Listing Courtesy of: Pat Harriman

Status: Just Sold
19 Penny Lane, Wallingford CT
$427500
3 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: N326245
Listing Courtesy of: Pat Harriman

See the Full Wallingford CT Market Snapshot for January 2013
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Pat Harriman
Harriman Real Estate LLC
203-672-4499
pharriman@harrimanre.com












Information valid as of February 6, 2013. Please contact us for the most current information and status of these properties.
 
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203-672-4499
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