We occasionally update some 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 June of 2020. Check it out and see how things are trending in Parks of Aledo
| Active Listings: | |
| Number of Homes | 4 |
| Average Price | $531,358 |
| Average Square Feet | 3,015 |
| Average Price Per Foot | $177.25 |
| Average Days on Market | 96 |
| Under Contract: | |
| Number of Homes | 7 |
| Sold in Last 90 Days: | |
| Number of Homes | 14 |
| Average Price | $497,126 |
| Average Square Feet | 3,195 |
| Average Price Per Foot | $155.63 |
| Average Days on Market | 82 |
| Sold in Last 180 days: | |
| Number of Homes | 27 |
| Average Price | $472,076 |
| Average Square Feet | 3,044 |
| Average Price Per Foot | $155.56 |
| Average Days on Market | 74 |
| Absorption Rate: | 1 month |
| 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 amazing, but also note that the homes that are still on the market, have been on for an average of 3 months. This is the slow season for the Aledo Market. Selling season really kicks off after spring break through the summer.
The last half of 2020 was a little different. Due to the quarantine, we lost the month of April, peak selling season. May they picked up a little, then pent up demand, and lower inventory caused sales that have been consistent through the end of the year.
What this doesn’t relfect are build-job sales, and off-market sales. We were a party to some off-market sales in 2020.
All this being said – I feel the market for 2021 in Aledo, and in general, is going to continue to be solid.
Call us if you are curious about the neighborhood or would like to see some homes.
