Parks of Aledo Market Stats
Wednesday, September 26, 2018
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Active Listings: |
|
| Number of Homes | 15 |
| Average Price | $475,876 |
| Average Square Feet | 3,344 |
| Average Price Per Foot | $142.90 |
| Average Days on Market | 109 |
|
Pending Contract: |
|
| Number of Homes | 1 |
|
Sold in Last 90 Days: |
|
| Number of Homes | 14 |
| Average Price | $459,964 |
| Average Square Feet | 3,262 |
| Average Price Per Foot | $140.58 |
| Average Days on Market | 108 |
|
Sold in Last 180 days: |
|
| Number of Homes | 21 |
| Average Price | $472,290 |
| Average Square Feet | 3,314 |
| Average Price Per Foot | $138.84 |
| Average Days on Market | 121 |
|
Absorption Rate: |
4.28 months |
| What is it? | Amount of time needed to sell the existing inventory. |
| 1-4 months of inventory | Seller’s Market |
| 5-6 months of inventory | Neutral Market |
| 7+ months of inventory | Buyer’s Market |
The absorption rate looks good for a seller BUT BEWARE. The Aledo market is not as active in the Fall and Winter. Prime season is Spring and early Summer which is why you see more homes on the market at those times. There is only one home under contract right now. . . And it is a contingency on the sale of the buyer’s home. That tells me, that regardless of absorption rate – THIS IS A GREAT TIME TO BUY IN ALEDO!
Call us if you are curious about the neighborhood or would like to see some homes.