Wonderful Waldo…buyers are snapping up homes quickly in this area! Let’s look at the home sale statistics for February 2015, using the boundaries of State Line to Holmes and Gregory south to 85th St:
In February 2015, 23 homes sold. The median list price was $149,000 and the median sales price was $141,000. The highest priced home sold at $373,000 and the lowest at $18,000.
In February 2014, eight homes sold. The median list price was $115,000 and the median sales price was $105,000.
That is quite an increase–however, part of the surge is due to many more homes selling this year and at higher prices.
Checking year to date figures:
In January/February 2015, 35 homes sold. The median list price was $131,950 and the median sales price was $135,000, with 41 days on market.
In January/February 2014, 24 homes sold. The median list price was $119,000 and the median sales price was $115,000, with 87 days on market.
The median sales price was higher than the median list price because one home sold for $24,000 over the asking price! It was a foreclosure and several offers pushed the price up.
Currently there are 44 homes for sale in this area of Waldo, with a median sales price of $136,000.
(All information taken from Heartland MLS, deemed reliable but not guaranteed)