Waldo is again in high demand for home buyers–final sales prices are (at times) thousands of dollars over the list price. Here are the Feb 2018 single family home sales stats for Waldo, using the area of State Line to Holmes and Gregory to 85th St:
February 2018 February 2017
Median list price: $149,950 Median list price: $192,950
Median sales price: $160,000 Median sales price: $180,000
No. of homes sold: 27 No. of homes sold: 26
Days on market: 24 Days on market: 31
Look at that median sales price, $11K over list price! Last month there was a one bedroom, one bath home listed at $90K and sold for $110K–$20,000 over asking price for a one bedroom home! I really feel for the buyers, who get so discouraged losing out in bidding wars. More inventory will open up over the next three months.
Here are year-to-date stats:
Jan-Feb 2018 Jan-Feb 2017
Median list price: $161,250 Median list price: $171,350
Median sales price: $161,500 Median sales price: $168,375
No. of homes sold: 46 No. of homes sold: 52
Days on market: 23 Days on market: 31
So far this year sellers are getting at least asking price; many times more than that. I think many of these lower price range buyers realize–rents are going way up, why pay someone else’s mortgage when you can buy and have a house payment similar to rent? The challenge is finding a well maintained, updated home with a lower budget. It will be another strong year for Waldo home sales!
Currently there are 16 active listings, with a median price of $218,500 and 6 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)