Reading this blog may seem like the Groundhog's Day movie...same news about Waldo home values increasing! Let's take a look at the numbers:
July 2019 July 2018
Median list price: $239,000 Median list price: $215,000
Median sales price: $243,000 Median sales price: $210,000
No. of homes sold: 34 No. of homes sold: 43
Days on market: 3 Days on market: 8
Most of the homes that closed last month sold at or over list price, at a substantial increase over last July. Fewer homes sold, and were available, so that pushes prices up and note--listings went under contract in an average of 3 days! Below are YTD numbers:
Jan-July 2019 Jan-July 2018
Median list price: $225,000 Median list price: $199,800
Median sales price: $225,000 Median sales price: $200,000
No. of homes sold: 198 No. of homes sold: 234
Days on market: 8 Days on market: 16
When there are fewer homes for sale, prices go up--that's what's been happening in Waldo. Most sellers continue to get ask or over list price for their homes. So far, Waldo home prices have risen 12.5% this year. Currently there are 29 active listings, with a median price of $235,000 and 41 days on market. Prices range from $45,000 to $399,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
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