Waco Residential Market Reports—July 2009

Around the middle of July I started to think we wouldn’t meet our figures from June. Well we didn’t, but we are very close.

Still down from last year’s sales at this time as well, but that is not too surprising with all things considered. Dollar figures were nearly identical to last years in median and average sales prices, but less than June of this year.

As usual, certain areas in and around Waco are doing better than others. If you are looking to sell or buy in the Waco or Greater Waco area, it's very important to understand the trends in each neighborhood. 

I can tell you that in some neighborhoods you are simply going to find much better deals than in others. And most of the best deals are NOT in the most popular neighborhoods.

I can also tell you that positioning your home properly to sell is still of the utmost importance. This means the right price and the best condition possible. Good homes for purchase are still tough to find. You want your home to stand out and be the one the buyers just can't resist.

Here are the figures:

July 2008*

Residential Sales: 249

Median Sales Price: 116,200

Average Sales Price: 127,300
 

July 2009**

Residential Sales: 213

Median Sales Price: 117,000

Average Sales Price: 125,188

 
June 2009**

Residential Sales: 219

Median Sales Price: 128,000

Average Sales Price: 154,078

*Information gathered from The Real Estate Center Website. on 08/03/09.

**Information gathered from the Waco MLS on 08/12/09. These figures may change while all sales for the month of July may not yet be reported.

This information is deemed reliable but cannot be guaranteed. Use at your own risk.