Wallingford CT Market Snapshot for January 2014

Heres whats happening in the Wallingford CT housing market as of January 31, 2014:

There are currently 153 single family homes for sale in Wallingford:

Low list price: $67,500
High list price: $1,299,000
Average list price: $341,449
Median list price: $309,900
Average Days on Market: 77
Homes sold on average for 94.2% of list price

There are 51 homes currently under contract, priced between $38,000 and $749,000. Based on the number of homes sold in January (26), it would take approximately 6 months to sell the current inventory.

As for condominiums, there are currently 57 condos for sale:

Low list price: $53,900
High list price: $579,500
Average list price: $206,795
Median list price: $185,900
Average Days on Market: 175
Condos sold on average for 97.8% of list price

There are currently 22 condos under contract, priced between $75,000 and $330,000. Based on the number of condos sold in January (5), it would take 11 months to sell the current inventory.

Wallingford home sales started 2014 at 33 units sold, the lowest sales level since March of 2013. It was, however, a 32% increase over January of 2012, and a 10% increase over January of 2013. Thirty year conventional mortgage rates have maintained a 4.25% for some time now, while CHFA rates for first time home buyers have also been stable for several weeks and now sit at 3.50 percent.

Inventory levels dropped 7.0% in January and now stand at their lowest levels in two years. Despite the drop, Wallingford remains firmly in a balanced market with just a tad over 6 months of inventory now available. The real estate market is heating up now and inventory and sales prices should continue to rise as the year progresses. Interest rates were predicted late …

Click to see the full report

Below are highlight properties for Wallingford CT Market Snapshot for January 2014. See more at the full report:
Highlights Maps & Local Schools
Status: Active
10 CHERYL AVE, Wallingford, CT
$179900
3 BEDROOMS
1 BATHROOMS [ 1 FULL, 0 HALF ]
LISTING MLS ID: N341873
Listing Courtesy of: Emilia Menna-Erdmann

Status: Active
32 PILGRIM HBR #32A, Wallingford, CT
$185900
2 BEDROOMS
2 BATHROOMS [ 2 FULL, 0 HALF ]
LISTING MLS ID: N343009
Listing Courtesy of: Pat Harriman

Status: Active
26 DUNCAN ST, Wallingford, CT
$249900
4 BEDROOMS
2 BATHROOMS [ 2 FULL, 0 HALF ]
LISTING MLS ID: N341128
Listing Courtesy of: Pat Harriman

Status: Leased
272 WARD ST, Wallingford, CT
$1600
3 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 HALF ]
LISTING MLS ID: N344352
Listing Courtesy of: Pat Harriman

See the Full Wallingford CT Market Snapshot for January 2014




Information valid as of February 28, 2014. Please contact us for the most current information and status of these properties.

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.