Wonderful Waldo!

I have started to report Waldo home sales stats in this blog each month as suggested by a reader.  The geographic boundaries I am using are:  85th St to the south, Gregory to the north, State Line to the west and Troost to the east.  There is a huge range of prices in this area, and already prices are up compared to one year ago.  Let’s look at the numbers:

In January 2014, 16 single family homes sold.  The median price was $120,000 and 112 days on market.

In January 2013, 23 single family homes sold.  The median price was $97,500 and 70 days on market.

Although more units sold in January 2013 and in a shorter amount of time, the median price was higher this year.  As  I mentioned, the range of prices in this area is all over the board:  last month the lowest sales price was $36,000 and the highest was $299,000.

Currently there are approximately 74 homes for sale in the Waldo area with a median sales price $130,000. The lowest list price is $29,900 and the highest is $374,900.  I think we will see strong sales for Waldo once again in 2014!

(All  figures taken from Heartland MLS; deemed reliable but not guaranteed.)