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Texas Real Estate - How are homes selling in the Waco Area?

By Kimberly Fowler

Real Estate Agent with Heart Of Texas Real Estate Group, RE/MAX Centex, REALTORS 479641

January 28, 2008 05:19 PM

Information provided by Kimberly Fowler

www.HeartoftexasRealEstateGroup.com

Lets track what has listed and sold in the Waco Area since January 1 till the end of the year. This report will not contain any listings that were listed or sold before January 1, 2008.

However, for those of you who are curious, at the end of December 2007, there were approximately 3700 residential listings in 2007. 1781 of those listings did sell. 1367 are still on the market at the time of the year. 183 were still under contract by the end of December. 209 of 2007 listings expired or did not sell. 353 were withdrawn from the market or leased.

January 1 -January 29, 2008

Waco CMA Summary Report

300 people put their homes on the market with a Realtor since January 1st, 2008. A lot of listings, don't you think? I do. You will notice on listing sold in 18 days and it was in Woodway on Ramada. 16 Realtors were able to get their listings under contract with an average days on the market for 8 days. Let's hope the loans close and see if next month will be better. Do you think the lowered interest rate, helped. As you look at this information notice that 3 of these home sellers decided not to sell. So you home buyers give us Waco Area Realtors a call. You have a lot of homes to choose from. In fact you have 280 fresh (less than 30 days) listings for sale in the greater Waco Area.

RESIDENTIAL - Active

Total Listings						Avg	Avg	Avg	Avg	Avg
300						14	$145,009	$77

RESIDENTIAL - Sold

Total Listings						Avg	Avg	Avg	Avg	Avg
1						18	$159,000	$89	$159,000	$89

RESIDENTIAL - Under Contract

Total Listings						Avg	Avg	Avg	Avg	Avg
16						8	$102,706	$63

RESIDENTIAL - Withdrawn

Total Listings						Avg	Avg	Avg	Avg	Avg
3						5	$152,100	$73

RESIDENTIAL Summary Statistics
	High	Low	Average	Median
LP:	$575,000	$14,999	$143,004	$117,500
SP:	$159,000	$159,000	$159,000	$159,000

The information for this report is deemed reliable, but not guaranteed.

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Kathy Fisher

Parker Properties - Decatur, TX

Realtor Wise County Texas

Kimberly,

Just curious....can you tell me how prices are around the Mockingbird Lane area (right there around the college). My brother & sister-in-law live in that area and are thinking of selling in the next few months if they can get the repairs done that they KNOW are needed.

Just wondering if you have some kind of price range and time frame of sale.

Thanks and God Bless.

Jan 29, 2008 09:13 AM

Anonymous

Kimberly Fowler

Hi Kathy, sure I would like to help in any way possible. Can you let me know what the address is so I can do a drive by? In the meantime, whithout seeing the home and just by going on the zipcode and not having size, bedrooms, etc. That neighborhood, as you know, is very unique and well the home will need to be seen to make an accurate assesment. But the activity on that street is as follows...

CMA Summary Report for Mockingbird LN

ADDRESS	MLS #	Status	Area	Beds	Sq Feet	DOM	LP	$/Sq Feet	SP	$/Sq Feet
4106 Mockingbird Ln	123051	ACTIVE	76708-North Waco	2	999	145	$60,000	$60.06
Total Listings						Avg	Avg	Avg	Avg	Avg
1						145	$60,000	$60

ADDRESS	MLS #	Status	Area	Beds	Sq Feet	DOM	LP	$/Sq Feet	SP	$/Sq Feet
3928 MOCKINGBIRD LN	114194	SOLD	76708-North Waco	3	1614	59	$40,000	$24.78	$39,000	$24.16
4200 MOCKINGBIRD LN	114837	SOLD	76708-North Waco	3	1779	45	$77,800	$43.73	$81,700	$45.92
3925 MOCKINGBIRD LN	117840	SOLD	76708-North Waco	3	2900	396	$79,900	$27.55	$82,900	$28.59
3015 MOCKINGBIRD LN	112435	SOLD	76655-Lorena	3	1276	91	$89,900	$70.45	$85,400	$66.93
Total Listings						Avg	Avg	Avg	Avg	Avg
4						147	$71,900	$41	$72,250	$41

ADDRESS	MLS #	Status	Area	Beds	Sq Feet	DOM	LP	$/Sq Feet	SP	$/Sq Feet
3015 MOCKINGBIRD LN	121823	TERMINATED	76655-Lorena	3	1276	88	$109,999	$86.21
Total Listings						Avg	Avg	Avg	Avg	Avg
1						88	$109,999	$86

RESIDENTIAL Summary Statistics
	High	Low	Average	Median
List Price:	$109,999	$40,000	$76,266	$78,850
Sold Price:	$85,400	$39,000	$72,250	$82,300

Please let me know if you want me to list their home or help in any way.

Jan 29, 2008 09:43 AM

Texas Real Estate - How are homes selling in the Waco Area?

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Kimberly Fowler

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