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

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

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the year. 183 were still under contract by the end of December. 209 of 2007 listings expired or did not sell. 353 were withdrawn from the market or leased.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RESIDENTIAL - Withdrawn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
 HighLowAverageMedian
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.

Posted by

Fine Homes and Luxury Properties.

Kimberly Fowler

RE/MAX Centex, REALTORS

254-339-9883

Comments(1)

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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