Fall is here, home sales are slowing down, and it’s time to look at the August 2014 single family home sales stats for the Waldo neighborhood. The area I am focusing on for this market report is State Line east to Holmes, and Gregory south to 85th St.
In August 2014, 22 homes sold with a median sales price of $169,600 and 42 days on market. The lowest home sale was $49,000 and the highest was $305,000.
In August 2013, 34 homes sold with a median sales price of $151,000 and 46 days on market. The lowest home sale was $44,150 and the highest was $292,500.
Average sales price is higher from one year ago and days on market, virtually the same. The number of units sold is down by 35%.
Here are the year-to-date figures:
From January – August 2014, 224 homes have sold with a median price of $144,000 and 46 days on market. HIghest sales price so far this year is $430,000; lowest is $23,000.
From January – August 2013, 255 homes sold with a median price of $147,000 and 49 days on market.
The average sales price is now trending a bit lower; the number of homes sold is down 12% year-to-date compared to last year at this time. Nationally, home sales are slower and in the Brookside area (zip 64113) — the trend is pretty much the same as in the Waldo area. As the holidays get closer and the weather cools down–sales are slower. There aren’t as many new listings coming on the market, so buyers have less to choose from.
Currently there are 60 homes for sale in Waldo, with a median list price of $135,000 and 49 days on market. (All information from Heartland MLS; numbers are deemed reliable but not guaranteed).