The Aledo Real Estate Market in February 2016
I compiled data of the real estate market for Aledo ISD in February 2016. Although it appears that days on the market has increased drastically in comparison to last month (view January 2016 market bites here), there were 3 properties that were on the market for a long period of time that skewed the days on the market average. Two were new construction homes that were being built while on the market, and one was a very unique property. When you exclude these 3 homes, the days on the market average is 52 days which is a more accurate reflection of the market at this time.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]FEBRUARY 2016 ALEDO ISD REAL ESTATE STATISTICS
New Listings: 71 (Up +8.5% from last year)
Sold Listings: 32 (Up +14% from last year)
Average Sales Price: $359,673 (Up +14% from last year)
Days on the Market: 87 (Up +9% from last year)
Percentage of List Price: 97.4% (Down -0.4% from last year)[/pullquote]
Aledo ISD is continuing to see significant increases in average sales price while the adjusted days on the market (52 days which is a 35% decrease from 2015) data suggests homes are selling faster than they were at this time last year.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]FUN MARKET BITES
Most expensive home sold: $935,000
Highest price per square foot: $170.80
Largest home: 5,474 square feet
Fastest selling home: 0 days on the market – less than 24 hours
Most active neighborhoods: Bella Flora, Sanctuary Oaks (tie)[/pullquote]
As always, if you have any specific questions about the market or you are interested in buying or selling real estate in Aledo ISD, Weatherford, or Parker County; let me know. I would love to make your real estate goals a reality!
