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Wallingford CT Market Snapshot for March 2013 - Wallingford Wired ;

Wallingford CT Market Snapshot for March 2013

by Harriman Real Estate on April 24, 2013

Here’s whats happening in the Wallingford CT housing market as of March 31, 2013:There are currently 161 single family homes for sale in Wallingford:

  • Low list price: $19,000
  • High list price: $1,350,000
  • Average list price: $349,460
  • Median list price: $329,900
  • Average Days on Market: 118
  • Homes sold on average for 95.6% of list price

There are 74 homes currently under contract, priced between $95,000 and $699,000. Based on the number of homes sold in March (20), it would take approximately 8 months to sell the current inventory.

As for condominiums, there are currently 64 condos for sale:

  • Low list price: $67,900
  • High list price: $529,574
  • Average list price: $244,129
  • Median list price: $224,900
  • Average Days on Market: 47
  • Condos sold on average for 97.8% of list price

There are currently 32 condos under contract, priced between $45,000 and $430,000. Based on the number of condos sold in March (7), it would take 9 months to sell the current inventory.

Wallingford home sales rose in March to 27 units, up from 24 in February.This was a 45% increase over March of 2012, but it was a 19% decrease from March of 2011. The average selling price for condos showed another healthy gain in March, rising to just over $238,000, while the average sale price for single family homes fell slightly to just over $334,000. Thirty year conventional mortgage rates fell back to 3.375%, while CHFA rates for first time home buyers remained unchanged at 2.75 percent.

Inventory levels rose 15.0% in March which, coupled with the increased sales, were enough to keep Wallingford firmly in the balanced market it entered in January, with just about 7.7 months of inventory now available. We’re hopeful that inventory and sales prices continue to rise as the year progresses, but we would not be surprised if interest rates begin to inch upwards again, so 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 is a chart showing annual home and condo sales in Wallingford in2013:

WlfdMar2013 Wallingford CT Market Snapshot for March 2013

 Click to see the full report

Below are highlight properties for Wallingford CT Market Snapshot for March 2013. See more at the full report:
Highlights Maps & Local Schools
350 115115 11366819600367877926. Wallingford CT Market Snapshot for March 2013
Status: Active
169 SOUTH MAIN ST, Wallingford, CT
$699900
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: N335145
Listing Courtesy of: Pat Harriman

farm get home Wallingford CT Market Snapshot for March 2013

350 115115 21366819601495029578. Wallingford CT Market Snapshot for March 2013
Status: Active
21 BROADMEADOW RD #21, Wallingford, CT
$495000
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: N335225
Listing Courtesy of: Pat Harriman

farm get home Wallingford CT Market Snapshot for March 2013

350 115115 313668196031283653169. Wallingford CT Market Snapshot for March 2013
Status: Active
172 GRIEB RD, Wallingford, CT
$377900
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: N333366
Listing Courtesy of: Pat Harriman

farm get home Wallingford CT Market Snapshot for March 2013

350 115115 413668196031426623602. Wallingford CT Market Snapshot for March 2013
Status: Active
596 CENTER ST, Wallingford, CT
$194900
3 BEDROOMS
2 BATHROOMS [ 2 FULL, 0 HALF ]
LISTING MLS ID: N333948
Listing Courtesy of: Pat Harriman

farm get home Wallingford CT Market Snapshot for March 2013

See the Full Wallingford CT Market Snapshot for March 2013
Search All Homes For SaleWallingford Homes For SaleWhat is Your Home Worth?Avoid Foreclosure
Pat Harriman
Harriman Real Estate LLC
203-672-4499
pharriman@harrimanre.com

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Information valid as of April 24, 2013. Please contact us for the most current information and status of these properties.
 
Search All Homes For Sale
Wallingford Homes for Sale
Homes Close to Where You Work
What is your home worth?
Avoid Foreclosure
Harriman Real Estate LLC
203-672-4499
pharriman@harrimanre.com
   

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