I have not done this post since last summer, so I wanted to update the sales and active market data for the Parks of Aledo. More information about the Parks of Aledo can be found on their Facebook page, and webpage.
I did this same post in July of 2021. Check it out and see how things are trending in Parks of Aledo
| Active Listings: | |
| Number of Homes | 5 |
| Average Price | $666,900 |
| Average Square Feet | 2,808 |
| Average Price Per Foot | $236.05 |
| Average Days on Market | 60 |
| Under Contract: | |
| Number of Homes | 12 |
| Sold in Last 90 Days: | |
| Number of Homes | 6 |
| Average Price | $549,833 |
| Average Square Feet | 2,926 |
| Average Price Per Foot | $189.39 |
| Average Days on Market | 49 |
| Sold in Last 180 days: | |
| Number of Homes | 17 |
| Average Price | $563,524 |
| Average Square Feet | 3,034 |
| Average Price Per Foot | $186.67 |
| Average Days on Market | 30 |
| Absorption Rate: | 2 1/2 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 is very good. It was at 1 month in July last year. This is just the beginning of the selling season in Aledo, so hopefully there is an inventory increase. It has been great for sellers, and will continue in that trendthis year.
Remember, these reports are just relfecting the homes sold through the MLS. There are also build-job sales, and off-market sales. Just means that things are very, very active.
Call us if you are curious about the neighborhood or would like to see some homes.
