We occasionally update some sales and active market data for the Parks of Aledo. More information about Parks of Aledo can be found on their Facebook page, and webpage.
We also have some more insights and post on our Parks of Aledo Blog Page. Posts about market values, HOA information, new phases, open houses etc.
I did this same post on September 26th, 2018. Check it out and see how things are trending in Parks of Aledo
| Active Listings: | |
| Number of Homes | 8 |
| Average Price | $519,124 |
| Average Square Feet | 3,598 |
| Average Price Per Foot | $144.19 |
| Average Days on Market | 145 |
| Pending Contract: | |
| Number of Homes | 4 |
| Sold in Last 90 Days: | |
| Number of Homes | 8 |
| Average Price | $433,218 |
| Average Square Feet | 3,142 |
| Average Price Per Foot | $139.98 |
| Average Days on Market | 145 |
| Sold in Last 180 days: | |
| Number of Homes | 19 |
| Average Price | $439,165 |
| Average Square Feet | 3,169 |
| Average Price Per Foot | $139.27 |
| Average Days on Market | 131 |
| Absorption Rate: | 3 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. The inventory is low now because of this market fact – it is better to sell in the spring. So it may look like the seller’s have the advantage, but that is not necessarily the case. This is also all based off what we can track in the MLS and does not take into account the shadow inventory of new home availability and sales that are not tracked in our system.
Call us if you are curious about the neighborhood or would like to see some homes.
Let’s take a look at the year of 2018, and see how builder marketed homes, and resale homes did on average:
| Number of Homes Sold | 39 |
| Average Price | $446,555 |
| Average Square Feet | 3,227 |
| Average Price Per Foot | $138.77 |
| Average Days on Market | 130 |
