Waldo continues to be a hot neighborhood for buyers…for the second year in a row, sales prices were higher than list price. Let’s take a look at the December stats first, single family homes in Waldo using the boundaries of State Line to Holmes and Gregory to 85th St:
December 2018 December 2017
Median list price: $220,000 Median list price: $164,900
Median sales price: $220,220 Median sales price: $160,000
No. of homes sold: 15 No. of homes sold: 31
Days on market: 21 Days on market: 38
The lowest sale was $145,000 and the highest was $246,000. Fewer homes went under contract though, probably due to lack of desirable inventory.
Here are the 2018/2017 comparisons:
Median list price: $200,000 Median list price: $177,250
Median sales price: $205,000 Median sales price: 175,000
No. of homes sold: 369 No. of homes sold: 386
Days on market: 19 Days on market: 13
The number of homes sold overall dropped slightly; prices were up 15%! Many sellers are getting list price or over –demand is very strong and I think it will continue into 2019. Waldo is a great place to live!
Currently there are 21 active single family listings in Waldo, with a median price of $234,900 and 59 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)