Brisk Waco Home Sales, High Prices, Especially For Some | Local News

Cameron Gomez, the agent selling 2828 Gorman Ave., said his clients spent “well over $ 150,000” on a major renovation. He said the list had received offers from people inside and outside the state, and some who had flown or driven into town to view the house. The McLennan County Valuation District valued the house at $ 97,800 for tax purposes, although this is based on the value as of Jan. 1.

The house was under contract after 31 days, but the average number of days on the market for a house at this price is typically between 55 and 60.

“I knew it wouldn’t be an overnight sale. … We are unique, especially in the region, ”said Gomez. “This entire 76707 pocket has never really had anything so luxurious, and we know we’re going to be suited to a certain buyer who appreciated what we had to offer.”

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Ashton Gustafson, broker and owner of AG Real Estate & Associates in Waco, said more expensive homes might seem out of place in Waco, but to him they represent Waco’s catching up to other housing markets across the country. ‘State.

“I think as long as salaries are aligned with real estate valuations, you’ll see people who choose to call Waco home wanting to buy,” Gustafson said.

He said the majority of homes sold in Waco were still between $ 200,000 and $ 300,000. The average selling price of homes was $ 265,000 in August. Gustafson said homes in this price range are going even faster. In September, there were 50 homes listed between $ 200,000 and $ 300,000 that spent an average of seven days on the market.

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