Waldo continues to be one of the hottest neighborhoods for home sales!  Every month I check the stats and prices keep rising…more units are selling.  This is going to be a very strong spring/summer for home sellers in this area:  Gregory to 85th; State Line to Gregory.  As usual, buyers want to purchase updated, well maintained homes–those sell very fast, often for over asking price.  Let’s look at activity for last month and year-to-date numbers as well.

February 2017

Median list price:       $184,700

Median sale price:     $180,000

Number of homes sold:   27

Days on market:               30

February 2016

Median list price:        $171,450

Median sales price:     $165,750

Number of homes sold:    16

Days on market:                 34

Checking year-to-date comparison:

Jan-Feb 2017

Median list price:      $169,800

Median sales price:   $165,000

Number of homes sold:    53

Days on market:                 33

Jan-Feb 2016

Median list price:      $163,950

Median sales price:   $163,950

Number of homes sold:   37

Days on market:               59

Prices are up almost 1% over last year; more homes are selling and sellers are getting very close to list price–not much bargaining room for buyers.  Currently there are just 12 homes for sale in Waldo, with a median price of $138,700 and 69 days on market.   

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