Bright news during these drab winter days for Waldo homeowners: prices were up in 2015! Buyers are discovering what we already know about Waldo: the convenient location, friendly neighbors and many locally owned restaurants and services attract homeowners to the area! Let’s look at the specific home sales stats for 2015, using the street boundaries of State Line to Holmes; Gregory to 85th St: :
*351 single family homes sold
*The median list price was $160,000.
*The median sales price was $162,000.
*Average days on market was 34.
*The lowest sales price was $18,000; the highest was $495,000.
Why was the sales price higher than the list price? There are a couple of reasons: there could have been multiple offers on the property, pushing the price up or some of the closing costs were added to the sales price.
Higher prices benefit sellers as they have more equity in the home...higher prices benefit buyers as they are reassured the home is in a desirable location with values on the upswing.
For comparison, here are 2014 stats:
*340 single family homes sold.
*The median list price was $150,000.
*The median sales price was $148,725.
*Average days on market was 46.
The number of units sold increased 3.23% from 2014 to 2015; the median price jumped up by just over 9%! I expect this trend to continue in 2016, unless there is some sort of financial crisis.
If you are thinking of buying or selling a home in Waldo this year, you can reach me at
firstname.lastname@example.org for more details.
(All figures taken from Heartland MLS; deemed reliable but not guaranteed.)