Let’s start this months market report with a review of last year. In January 2009 there were 100 residential properties sol in Waco/McLennan County. The average list price was $118,653 and the average sold price was $111,385 with an average DOM (days on the market) of 162 . Total residential sales volume was $11,138,522.00 .

January of 2010 was slightly improved. There were 119 residential properties sold, with an average list price of $144,451 and average sold price of $131,390 for a total sales volume of $15,635,489.00. Average time on the market was 131 days. There are currently 238 sales pending.

Here is a breakdown by price:

0 to $50,000 = 34 sold

$50 to $75,000 = 12

$75 to $100,00 = 14

$100 to $125,000 = 14

$125 to $150,000 = 11

$150 to $200,000 = 19

$200 to $250,000 = 6

$250 to $300,00 = 6

$300 to $400,00 = 6

$400,00 and up = 2

In other categories

There were 17 pieces of land sold with an average list price of $62,496 and an average sold price of $58,221 and average of 239 days on the market.

There were 4 commercial properties sold with an average list price of $93,375 and an average sold price of $76,762 with an average of 107 days on the market. This does not account for all commercial sales because most commercial agents don’t put their listings on the MLS.

Multi family units had 3 sales with an average list price of $132,333 and an average sold price of $128,000 and an average of 80 days on the market.

And Farm and Ranch sold 4 properties with an average list price of $210,700 and average sold price of $192,358 and an average of 259 days on the market.

WE are headed to the busiest time of the year for real estate. Combined with the Homebuyers Tax Credit which expires at the end of June, we expect a great Spring for home sales in Waco and Mclennan County.