Waldo Home Sales Report April 2020

Waldo home prices have been rising fast–will the pandemic slow down the market?  Prices in the Brookside/Waldo area have taken a dip, but I still see strong demand for homes in these areas.  Let’s take a look at the numbers for Waldo, using the boundaries of State Line to Holmes and Gregory to 85th:

April 2020                                                       April 2019

Median list price:     $197,500                       $227,000

Median sales price:    $208,000                    $217,750

No. of homes sold:       26                                  32

Days on market:          5                                      9

Home prices down about 4.5% compared to April of last year. However, note that sellers were getting over list price for their properties.  This may be due to bidding wars as a result of lower inventory.  Below are the year-to-date comparisons:

Jan-April 2020                                                  Jan-April 2019

Median list price:      $209,450                          $225,000

Median sales price:    $210,750                         $219,900  

No. of homes sold:       90                                        93

Days on market:           21                                        19

Year-to-date, prices have fallen just over 4%.  Currently there are eleven active single family listings in Waldo, with an average price of $279,900 and 14 days on market.

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

 

Armour Hills Home Sales Report-April 2020

It’s the last week of May 2020; have you noticed how much more daylight we have in the evening?  Many more people out walking and I often hear the bagpipe player here in Armour Hills.  We have a long summer ahead dealing with the coronavirus..but we persevere! Here are the home sales stats for Armour Hills, the largest subdivision in the Brookside area:

April 2020                                                                   April 2019

Median list price:    $340,000                                     $358,700

Median sales price:   $336,500                                  $366,250

No. of homes sold:      6                                                10

Days on market:        20                                                 2

Home prices were down 8% compared to the year prior.  Now let’s look at year-to-date numbers:

Jan-April 2020                                                           Jan-April 2019

Median list price:     $339,950                                    $347,500

Median sales price:    $337,500                                 $350,000

No. of homes sold:        13                                               23

Days on market:            32                                               31

Armour Hills home prices are down about 3.7% year to date; Brookside as a whole is off 5% YTD.  Notice fewer homes are selling.  This decrease cannot all be blamed on the pandemic.  Inventory is still low; currently there are 4 active listings in Armour Hills, with an average list price of $352,475 and 40 days on market.

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

 

Brookside Home Sales Report-April 2020

Hello neighbors…I haven’t posted a blog in a few weeks, as I’m adjusting to working within the pandemic perimeters.  However, the home sales stats from April are here, so I’ll post those over the next few days and also have a couple of new Brookside/Waldo businesses to blog about-YEAH!  Below are the numbers, using the main Brookside zip code of 64113:

April 2020                                                            April 2019

Median list price:     $424,000                           $425,000

Median sales price:   $408,500                          $420,000

No. of homes sold:       22                                       31

Days on market:          9                                           9

The lowest sales price last month was $265,000 and the highest was $760,000.  A year ago, there were three $1,000,000+ sales in the month of April.  It was mid March when businesses started shutting down due to COVID 19, and most contracts take 30-45 days to close. So we see that fewer homes closed last month, and the median price was lower than a year ago. May’s numbers will tell us more about any real market slow down due to the pandemic. Let’s look at year-to-date figures:

Jan-April 2020                                                     Jan-April 2019

Median list price:     $369,000                             $395,000

Median sales price:  $370,000                             $390,614

No. of homes sold:      59                                          83

Days on market:          15                                          38

There’s a 5% decrease in prices YTD, and fewer homes sold. However, sellers are still getting practically list price for their homes.  Note that it’s the more moderately priced homes in Brookside that are selling the fastest, as reflected in the median sales price.

Currently there are 36 active listings in Brookside, with an average list price of $575,000 and 36 days on market.  Thirty two of the 36 homes are listed over $400K, five homes priced over $1,000,000.

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

 

Armour Hills Home Sales Report-March 2020

Oh I am late posting these stats for Armour Hills!  When I’m not going to the office every day and working from home…easy to get distracted!!  In a couple of weeks I’ll have home sales reports for April.  In the meantime….here’s the information for Armour Hills in Brookside, for March 2020:

March 2020                                                             March 2019

Median list price:      $349,900                             Median list price:     $339,900

Median sales price:   $337,500                             Median sales price:   $327,000

No. of homes sold:      3                                         No. of homes sold:      7

Days on market:         10                                         Days on market:         69

So prices are up since last March, fewer homes sold in a shorter amount of time.  Let’s look at year-to-date numbers:

Jan-March 2020                                                         Jan-March 2019

Median list price:     $339,950                                 Median list price:     $339,900

Median sales price:    $337,500                               Median sales price:    $327,000

No. of homes sold:         7                                        No. of homes sold:     13

Days on market:          44                                         Days on market:        81

The list prices were virtually the same; we did see gain in the final sales price and fewer homes sold.  Currently there are six active listings in Armour Hills, with a median list price of $346,950 and 24 days on market.  

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

Waldo Home Sales Report-March 2020

So how is everyone holding up?  Grateful that we have a beautiful Spring blooming in our neighborhood!  I’m still seeing new listings pop on the market in the Brookside/Waldo area–and selling quickly.  As the year goes on, there will probably be a slowdown as many sellers have decided to stay put for now.  In the meantime, here are the home sales stats for the Waldo area (State Line to Holmes; Gregory to 85th St) for last month. Keep in mind that these homes went under contract prior to the pandemic.

March 2020                                                                   March 2019

Median list price:    $229,000                                     Median list price:     $230,950

Median sales price:  $233,750                                    Median sales price:   $227,450

No. of homes sold:       32                                           No. of homes sold:       28

Days on market:          32                                              Days on market:         14

Sold prices increased over same period last year, and a few more homes sold.  The year-to-date numbers show a decrease in prices:

Jan-March 2020                                                              Jan-March 2019

Median list price:    $210,000                                      Median list price:     $225,000

Median sales price:   $210,750                                  Median sales price:    $219,900

No. of homes sold:         64                                          No. of homes sold:          61

Days on market:            28                                             Days on market:            20

Technically, home prices are down about 4% YTD, however sellers getting list

price or a little above.  There is still strong demand, and not as many sellers are listing due to COVID 19.  Currently there are just 11 homes for sale in Waldo, with a median list price of $212,500 and 44 days on market.

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

 

 

Brookside Home Sales Report-March 2020

As I reviewed these stats, I noticed home sales were lagging behind 2019 during the same period.  Normally, April through June is very strong for home purchases–with the pandemic going on, I think we will see a slowdown in the coming weeks.  For now, here’s the single family home sales report for Brookside, using the zip code of 64113:

March 2020                                                             March 2019

Median list price:       $347,450                              $399,950

Median sales price:    $338,750                              $380,000

No. of homes sold:       15                                            29

Days on market:            12                                           69

About half as many homes sold last month than March 2019, but sellers were getting within 2% of list price. There were several homes that closed over $500K same time last year as compared to last month.  Below are the year-to-date numbers:

Jan-March 2020                                                      Jan-March 2019

Median list price:       $359,475                            Median list price:     $382,000

Median sales price:     $358,000                           Median sales price:    $368,375

No. of homes sold:        38                                     No. of homes sold:     52

Days on market:            40                                     Days on market:        75

Home prices down a bit this year, fewer sales, but sellers getting within 1% of list price.  I see homes still selling fast in Brookside if they are priced under $400K–will see how all of this shakes out over the next several months.

Currently there are 24 active listings in Brookside, with a median list price of $520,000 and 45 days on market. Prices range from $264,950 to over $7 million.  Over half the homes are priced over $500K.

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

 

 

Brookside Farmers Market Open Saturday 4/11/20

Another sure sign of Spring…the Brookside Farmers Market opens for the season this Saturday at 8am!  Of course you will need to be aware of social distance guidelines while you shop.  Booths will be spaced out.  There will be some hand sanitizer for sale –it will probably sell out fast.  

farmer

 

 

Every vendor at the market respects the Vendor Pledge, outlining specific rules for selling at the market.  Everything sold comes from within a 125 mile radius and contains no GMO or synthetic preservatives, among other restrictions. Every Saturday you can find the usual fresh produce, herbs, flowers, meat, eggs, baked goods to buy–and then a surprise or two with a home made craft, snack or jam.  You usually always run into someone you know!

Remember that cash is usually preferred for for quick sales, however, everyone is very conscious of transferring germs on money, plastic, etc.  If possible, bring your own wipes to use on cash, credit cards, etc.  Do bring your own bags. The Brookside Farmers Market happens each Saturday from 8am-1pm at the SE corner of 63rd St and Wornall Road.  You can get more details here at the website.