How’s everybody doing? Trying to stay positive? I’m continuing to work, rarely go into the office anymore (and I miss it!!) but still servicing my buyers and sellers. I continue to see homes in the Brookside/Waldo area go under contract…and some are just sitting. Let’s take a look at the February stats for single family home sales in Waldo:
February 2020 February 2019
Median list price: $204,000 $230,000
Median sales price: $210,250 $231,500
No. of homes sold: 14 12
Days on market: 16 41
And here are the YTD comparisons….
Jan-Feb 2020 Jan-Feb 2019
Median list price: $205,000 $219,900
Median sales price: $206,000 $215,000
No. of homes sold: 31 33
Days on market: 22 21
It’s interesting that median sales prices dropped in both categories. Traditionally the first couple of months of the year aren’t as strong for sales as the warmer spring and summer months. Waldo home values had huge gains last year. We’ll see how that changes with the current pandemic crisis. I see new listings popping on, and many houses that were under contract are now back active–some buyers may have lost jobs, and/or decided to put off big purchases.
Currently there are 21 active single family homes listed in Waldo, with a median list price of $269,950 and 32 days on market. That list number is skewing high as there are three homes listed over $400K, and one of them is $525K (that one for sale since last Fall) which is on the more expensive side for Waldo.
I’ll keep reporting home sales on the blog but since I’m staying in as much as possible, no other Brookside/Waldo news to report on at this time. Please try and support the our local restaurants as much as possible during this difficult time..!
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)