We last updated this post on April 6th this year. Here is a link to the April 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.
We pulled this data from the MLS for home sales as of 5/30/2023
Active Homes for Sale: 24
Average Price: $703,055
Average Square Feet: 3,132
Average Price per Foot: $225.40
Average Year Built: 2020
Average Days on Market: 78
Homes Under Contract: 2
Homes Sold in the Last 90 Days: 17
Average Price: $711,221
Average Square Feet: 3,205
Average Price per Foot: $221.82
Average Age of Home: 2020
Average Days on Market: 61
Homes Sold in the Last 180 Days: 21
Average Price: $703,846
Average Square Feet: 3,188
Average Price per Foot: $220.73
Average Year Built: 2020
Average Days on Market: 70
Absorption Rate: 5.5 months
What is it? The amount of time needed to sell the existing inventory.
1-4 Months – Seller’s Market
5-6 Month – Neutral Market
7+ Months – Buyer’s Market
We are seeing the trends move back towards what is normal. Pre-Pandemic, this amount of inventory, and days on market was not abnormal. We had a very strong run for many years, and mid 2020-2022 was quite the ride. The appreciation rate of home sales values spiked, and I believe we will see that level off. If you like data and spreadsheets, here is the breakdown of sales values year over year since 2014: Parks of Aledo Annual Sales Study
We love our neighborhood and are still bullish on it! Sellers are going to have be patient, and will have to be negotiable when it comes to price.
