Here we go…into two weeks of holiday hoopla, multiple trips to the grocery store, airport runs, packing and unpacking, enjoying those special home cooked recipes and seeing the innocent joy of the season on every kid’s face. Is this too sentimental?? OK let’s get on with the show…below are single family home sales for Waldo last month; I use the street boundaries of State Line-Holmes and Gregory to 85th for the report:
| november 2023 | november 2022 | |
|---|---|---|
| Median list price: | $315,000 | $242,500 |
| Median sales price: | $315,000 | $257,000 |
| Days on market: | 3 | 4 |
| No. of homes sold: | 29 | 20 |
There are some interesting stats here; compared to Brookside, the number of homes sold increased compared to a year ago, and prices rose by 22%!! I suspect some buyers finally got used to the fact that interest rates are not going down to 3%, or even 5% anytime soon so they finally made a purchase. The lowest closed price was $70,000 and the highest was $525,000. Here are the year-to-date stats:
| jan-nov 2023 | jan-nov 2022 | |
|---|---|---|
| Median list price: | $295,000 | $265,000 |
| Median sales price: | $300,000 | $278,000 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 272 | 303 |
The trend for the year has been buyers paying a bit over the list price and prices increasing from last year. Still a lot of demand as you can see–most houses go under contract very quickly, within a few days. The number of homes closed decreased by 11%, due to interest rate hikes causing some buyers leaving the market.
Currently there are just 8 homes listed in Waldo, with a median price of $314,750 and 22 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 