I am a bit behind in reporting home sales stats for Waldo…it’s the busy home buying season! I thought the week leading up to July 4 would be slow, but for me, it turned out to be busier than a regular work week! Sales continue to be strong in Waldo; the area I am reporting on is State Line-Holmes and Gregory to 85th St.
In May 2015, 36 homes sold with a median list price of $175,000 and a median sales price of $174,000 with 37 days on market. The lowest closed sales price was $41,000 and the highest was $375,000.
In May 2014, 41 homes sold with a median list price of $139,950 and a median sales price of $139,150 with 31 days on market. The lowest closed sales price was $23,000 and the highest was $279,000.
The May 2015 median price was higher than normal due to the $375K sale–that is a high home price for the Waldo area, however there is a pocket of homes west of Wornall that can bring the higher than normal price. Note the days on market are virtually the same–which is good for home sellers, knowing the average length of time to get a home under contract is just over 30 days. Also, the final sales price is close to the list price.
Checking year to date figures:
From January through May 2015, 130 homes sold with a median sales price of $158,500 and 35 days on market.
From January through May 2014, 126 homes sold with a median sales price of $140,000 and 49 days on market.
Sales prices are up for the year, along with fewer days on market in Wonderful Waldo!
Currently there are 44 homes for sale in Waldo, with a median list price of $140,000 and 55 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed)