We last updated this post in December. Here is a link to the December post. Check it out and see how things are trending in Parks of Aledo.
Click here to see current listings in Parks of Aledo. More information about the Parks of Aledo can be found on their Facebook page, and webpage.
| Active Listings: | |
| Number of Homes | 11 |
| Average Price | $665,995 |
| Average Square Feet | 3,132 |
| Average Price Per Foot | $213.90 |
| Average Days on Market | 110 |
| Under Contract: | |
| Number of Homes | 10 |
| Sold in Last 90 Days: | |
| Number of Homes | 7 |
| Average Price | $697,471 |
| Average Square Feet | 2,935 |
| Average Price Per Foot | $237.05 |
| Average Days on Market | 66 |
| Sold in Last 180 days: | |
| Number of Homes | 15 |
| Average Price | $654,953 |
| Average Square Feet | 2,880 |
| Average Price Per Foot | $227.54 |
| Average Days on Market | 55 |
| 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 |
With the pandemic surge of new residents in Aledo leveling out (well the surge might be, but the growth will be happening for years to come) we are seeing our market cycles settle into their traditional patterns:
Most actvity is between Spring Break and August.
So, to see that we are not currently flooded with inventory at the start of the selling season is a great sign. Absorption rate is good considering lower sales volumes in the last 3-6 months.
All in all, Parks of Aledo continues to be a great investment, and place to settle.
Let us know if you have any interest in buying or selling in the neighborhood!
