Waldo Home Prices Up During Spring Buying Season

 

Good news to report regarding Waldo area home sales–prices are up!  Let’s check the April 2014 single family home sales stats and also compare year-to-date figures to one year ago. The boundaries I’m using for Waldo are: State Line to Holmes and Gregory to 85th St,

In April 2014, 26 homes sold with a median price of $143,000 and 62 days on market.  The lowest home sale was $55,510 and the highest was $428,000.

In April 2013, 30 homes sold with a median price of $120,500 and 119 days on market.

Prices were way up this April and the days on market were much less.

Here are the year-to-date figures:

From January – April 2014, 81 homes have sold with a median price of $136,000 and 86 days on market.  

From January – April 2013, 80 homes sold with a median price of $110,000 and 95 days on market.

So far, Waldo home prices are up 23% from last year, and selling faster…good news for home sellers. Note the $428K sale this year is a rare higher price for a Waldo area home.

Currently there are 69 homes for sale in Waldo, with a median list price of $135,000 and 83 days on market.  (All figures taken from Heartland MLS; deemed reliable but not guaranteed).

Waldo Area January 2014 Home Sales Report

Wonderful Waldo!

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.)