Waldo 2016 Home Sales Recap

Another year gone…another uptick in Waldo home sales!  First we will look at numbers for Dec 2016; then move on to a 2016 wrap up with comparisons to 2015. The figures are for single family home sales, using the boundaries of State Line to Holmes and Gregory to 85th:

December  2016

Number of homes sold:    17

Median list price:              $179,000

Median sales price:          $179,000

Average days on market:    21

December  2015

Number of homes sold:      29

Median list price:              $179,950

Median sales price:          $179,950

Average days on market:    33

Fewer homes sold last month compared to Dec 2015, but I think that was due to lack of inventory as demand was strong.  Notice how most sellers are getting asking price for their homes.  

Here are year to year comparisons:

2016

Number of homes sold:    392

Median list price:            $166,750

Median sales price:        $167,250

Average days on market:  21

2015

Number of homes sold:    361

Median list price:             $160,000

Median sales price           $160,000

Average days on market:    34

Median prices rose 4.5% in Waldo compared to 2015; more homes are selling and in a shorter amount of time. Waldo is a hot location for homebuyers!

Currently in Waldo, there are 17 single family homes for sale at a median list price of $165,000 and 58 days on market.  Lowest listing is priced at $106,900; highest is $479,999.

(All information taken from Heartland MLS; deemed reliable but not guaranteed.)

Armour Hills 2016 Home Sales Recap

It’s that time to look at 2016 home sales stats for Armour Hills in Brookside.  Overall, prices are up!  Let’s look at the December 2016 sales, and then move on to a 2016 recap.

Dec 2016:                                                 

Median list price:      $277,500                          

Median sales price:  $281,500                          

Number of homes sold:  8                                 

Days on market:             42

Dec 2015:       

Median list price:       $296,000

Median sales price:   $298,000     

Number of homes sold:  7    

Days on market:             28

Although median price was lower than last year, three of the eight homes that closed were sold at or over list price.                 

Now let’s look at the year 2016, as compared to previous years.:

2016                                                    

Median list price:      $275,000                                      

Median sales price:  $274,500                            

Number of homes sold:  89                                  

Days on market:             29

The lowest sales price was $176,000; highest was $499,000.

2015

Median list price:        $269,700

Median sales price:    $266,750

Number of homes sold:  80

Days on market:             33

Median prices are up 2.9% over 2015, and sellers are virtually getting their asking price.  More homes sold in 2016, and in a bit shorter period of time.  

For reference, 2013 median sales price was $249,500 and in 2014, it was $236,500.  Sales prices up 10% since 2013!  That is reassuring to sellers as they are building equity; buyers can feel comfortable purchasing in a neighborhood gaining value.  

As of this posting,  there are just three homes for sale in Armour Hills, with a median list price of $315,000 and 16 days on market.

(All figures taken from Heartland MLS; deemed reliable but not guaranteed)

Brookside 2016 Home Sales Recap

If you know someone who bought or sold a house in Brookside last year…you probably heard stories of how ‘hot’ the market was.  Many homes sold for over list price; buyers often faced multiple offers on the same home. In this blog, we’ll look at the December 2016 home sales and a year end recap, with a comparison to the last few years as well.  Overall, median home prices continue to rise in Brookside! I’m using the main Brookside zip code of 64113 for this report, single family home sales.

December 2016

Median list price:               $335,000

Median sales price:           $329,248

Average days on market:     36

Number of homes sold:        20

(Lowest sales price was $162,000; highest sales price was $770,000).

Seventeen of the twenty homes closed sold for under $450,000–that brings down the median price compared to one year ago (see below). Also, fewer homes sold in Dec 2016.

December  2015

Median list price:                $350,000

Median sales price:            $341,000

Average days on  market:      28

Number of homes sold:          27

Compared to December 2015, prices are down a bit. In Dec 2016, seventeen of the twenty homes closed sold for under $450K and fewer homes sold. In Dec 2015, more higher priced houses sold.  

Now let’s check figures for 2016:


Median list price:         $352,500

Median sales price:     $350,000

324 homes sold; average 34 days on market.  The lowest sales price was $162,000 and the highest was $3,246,000.

2015

Median list price:         $333,750

Median sales price:     $327,500

342 homes sold; average 39 days on market.   

Note that fewer homes sold in 2016–inventory was down, pushing prices up.  Also, sellers were getting within 1% of the list price!  Overall, median home prices in Brookside were up 6.8% compared to 2015.

For reference, here are median sales prices for the past few years as comparison:

2013:  $295,000  (307 homes sold)

2014:  $306,000  (290 homes sold)

2015:  $327,500  (342 homes sold)

2016:  $350,000  (324 homes sold)

Prices are up 18% in four years!  Although interest rates are on the rise, I predict there will be a strong demand for updated, well maintained homes in our area this spring, especially in the $400K and under price range.

Currently there are 24 active single family listings in the Brookside zip code of 64113.   Eighteen of those are priced under $400K; five are over $1million.

(All information taken from Heartland MLS; deemed reliable but not guaranteed.)

KC Restaurant Week Jan 13-22, 2017

registerheader-h1During the holidays, you can stuff yourself with tasty home cooked meals and special treats.  Now it’s January…and time to eat more during KC Restaurant Week!

KC Restaurant Week is a benefit for three local organizations:  Boys Grow, Children’s Center for the Visually Impaired and Cultivate Kansas City.  Participating restaurants donate a portion of money collected from each meal to these groups.  Each eatery offers  a special lunch ($15) and dinner ($33) during the ten day event.  This is the best way to try new restaurants in all parts of the metro area.  Just scrolling through the website, looking at all the artfully plated food will stir up cravings!

Reservations are highly recommended through Open Table.  This year, 143 restaurants are participating.  I’ve listed the Brookside/Waldo restaurants below:

Avenues Bistro

Charlie Hooper’s Bar and Grille

Michael Forbes Bar and Grille

Waldo Pizza

The Well

Thank you for supporting locally owned businesses during KC Restaurant Week!

JFS Opens 2cd Location in Brookside East

Happy New Year and welcome 2017!  What changes will the new year bring for our Brookside/Waldo neighborhood?  Last year I wrote several posts about the emerging Brookside East corridor along E 63rd St.  And the first blog of 2017 will  to tell you about a non profit  opening in this hip small business area.  Jewish Family Services, or JFS, is expanding its services to Brookside East, scheduled to open January 17 at 425 E 63rd St.

 

JFS actually started as a support system for immigrants 115 years ago. You may be familiar with their main building at the Jewish Community Center in Overland Park, and they also started Menorah Hospital. They chose Brookside East as a second location to deliver better access to clients who live in this area and rely on bus transportation. This building also allows for a much larger food pantry and extra space for growth.

 

jfsJFS is a non profit , United Way organization, funded by donations and grants. They offer several important services for the area: a food pantry, mental health counseling, chaplaincy, career services, emergency shelter referrals and assistance for older adults. Their mission is to support and strengthen lives throughout greater Kansas City regardless of faith, age, culture and lifestyle..so all are welcome. (They also welcome volunteers!)

 

A unique aspect of this new location will be the artwork. Over 52 works of art have been donated by Rita Blitt, who designed the memorial for the Hyatt Regency skywalk collapse. Rita will have several paintings and one sculpture in the building.

 

JFS-Brookside East will have regular business hours of 8am-5pm Monday through Friday; the emergency hotline number 816 333 1172. They are planning a Grand Opening for the community after the building is open and the staff is settled in.

 

Armour Hills Home Sales Report-Nov 2016

Even during the traditionally slower Fall home buying season…Armour Hills continues to be a hot  area for homebuyers.  Prices continue to rise compared to 2015.    Let’s look at the numbers:

Nov  2016:                                                          Nov  2015:

Median list price:      $260,000                     Median list price:        $274,950

Median sales price:  $260,000                      Median sales price:    $276,000

Number of homes sold:  9                               Number of homes sold:   4

Days on market:             35                                 Days on market:              70

Although median price was lower than last November, five of the homes sold at list price or over list price.

Checking year to date figures:

2016, Jan-Nov:                                                          2015, Jan-Nov:

Median list price:      $272,500                              Median list price:      $265,000

Median sales price:  $272,500                              Median sales price:  $265,000

Number of homes sold:  80                                   Number of homes sold: 73

Days on market:             30                                      Days on market:            34

Prices are up, and more homes are selling.  So far, the lowest sale in Armour Hills this year is $176,000 and the highest is $499,000.  Next month I will report 2016 year end results as well as December stats.

Currently there are 4 homes for sale in Armour Hills, with a median list price of $280,000  and 77 days on market.

(All figures taken from Heartland MLS; deemed reliable but not guaranteed)

Waldo Home Sales Report-Nov 2016

Homebuyers continue to seek out Waldo as a place to put down roots!  Sales continue to outpace last year and prices –rising.  Here are the November 2016 stats for single family home sales in Waldo, using the boundaries of State Line to Holmes and Gregory to 85th:

November 2016

Number of homes sold:    29

Median list price:              $175,000

Median sales price:          $172,000

Average days on market:    15

The lowest sales price last month was $86,000 and the highest was $345,000.  

November  2015

Number of homes sold:      14

Median list price:              $157,475

Median sales price:          $162,500

Average days on market:    24

Twice as many homes sold this November compared to 2015; median sales price jumped up as well. Also, houses are going under contract faster.

Now let’s compare year-to-date:

Jan-Nov 2016

Number of homes sold:    373

Median list price:            $167,500

Median sales price:        $167,500

Average days on market:  22

Jan-Nov 2015

Number of homes sold:    335

Median list price:             $160,000

Median sales price          $162,000

Average days on market:    34

So far this year, 11% more homes have sold and prices are up 3.39%.                           

Currently in Waldo, there are 34 single family homes for sale at a median list price of $165,000 and 52 days on market.

(All information taken from Heartland MLS; deemed reliable but not guaranteed.)