The Aledo Real Estate Market for January 2016
I compiled data of the real estate market for Aledo ISD in January 2016. We are seeing some very interesting trends in the market. While the number of homes sold and number of new listings is slightly down from 2015, the data suggests that overall the inventory difference between 2015 and 2016 is minimal. However we are seeing a significant decrease in the number of days on the market (less than half as many) along with a 24% increase in the average sales price. Translation: Homes in Aledo ISD are selling quicker and at a higher price point in 2016 while inventory remains nearly the same as 2015.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]JANUARY 2016 ALEDO ISD REAL ESTATE STATISTICS
New Listings: 52 (Down -2.1% from last year)
Sold Listings: 19 (Down -9.6% from last year)
Average Sales Price: $387,673 (Up +24% from last year)
Days on the Market: 50 (Down -51.9% from last year)
Percentage of List Price: 97.4% (Up +1.5% from last year)[/pullquote]
The most compelling statistic for the Aledo ISD market is the decrease in the days on the market especially as it relates to the average sales price increase of 24%. We are seeing average price per square foot increase 16.8% from $107 per square foot in 2015 to $125 per square foot in 2016.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]FUN MARKET BITES
Most expensive home sold: $664,900
Highest price per square foot: $169
Largest home: 4,779 square feet
Fastest selling home: 8 days on the market
Most active neighborhoods: Creeks of Aledo, Brookhollow (tie)[/pullquote]
As always, if you have any specific questions about the market or you are interested in buying or selling real estate in Aledo ISD, Weatherford, or Parker County; let me know. I would love to make your real estate goals a reality!
