Waldo Home Sales Report – July 2017

Home prices are up again in Waldo–a trend that has been consistent this year.  There is a lot of demand and not enough inventory in the $150-$200K price range.  I’ve said that just about every month this year!

These figures are for Waldo single family home sales, using the boundaries of State Line to Holmes and Gregory to 85th:

July 2017

Number of homes sold:    34

Median list price:              $149,000

Median sales price:          $162,000

Average days on market:    11

July 2016

Number of homes sold:      43

Median list price:              $165,000

Median sales price:          $166,000

Average days on market:    9

The highest price sale in Waldo last month was $320,400 and the lowest was $64,250. Note the sales price was higher than list price–because many of the homes that closed were at or over the asking price.

Here are year-to-date comparisons:

Jan-July  2017

Number of homes sold:   165

Median list price:            $175,000

Median sales price:        $177,500

Average days on market:  26

Jan-July 2016

Number of homes sold:    152

Median list price:             $165,500

Median sales price           $164,475

Average days on market:   25

Waldo home prices are up 5.3% year to date–and so many homes are selling over the list price!  Waldo is a hot spot for home buyers.  Currently there are 17 homes for sale, with a median list price of $179,997 and 31 days on market.

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

 

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Waldo Home Sales Report-June 2017

Just two years ago, the median price of a Waldo home was 16% lower than it is today.  Home owners are gaining so much equity in this popular area in a relatively short amount of time.  Let’s examine the stats:  here are the single family home sales for Waldo (State Line-Holmes; Gregory to 85th St) for June 2017 and a comparison to last year.

June 2017

Median list price:      $177,000

Median sales price:   $184,500

Days on market:            3

No. of homes sold:       46

The lowest closed price was $97,000 and the highest was $345,000.

June 2016

Median list price:         $183,900

Median sales price:      $178,000

Days on market:               7

No. of homes sold:          37

This year, homes continue to sell over list price and in a very short amount of time.  Checking year to date figures:

Jan-June 2017

Median list price:       $175,000

Median sales price:    $177,500

Days on market:             22

No. of homes sold:         209

Jan-June 2016

Median list price:        $167,888

Median sales price:     $168,500

Days on market:              22

No. of homes sold:          179

Many sellers continue to get offers over the list price as buyers make multiple offers.  Waldo is a super hot market right now for homebuyers!  Currently there are 22 active homes for sale, with a median list price of $234,700 and 19 days on market.

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

Armour Hills Home Sales Report-June 2017

Armour Hills continues to be one of the most desirable neighborhoods for Brookside home buyers–most listings do not stay on the market very long.  The stats back that up–so here’s the June 2017 home sales report for Armour Hills, with comparisons to last year.

June 2017

Median list price:       $294,950

Median sales price:    $306,000

Days on market:              34

No. of homes sold:          17

Out of the 17 homes that closed last month, 12 were sold at or above the list price.  One house sold for $15K over asking price.  Lowest sales price was $168,500 and the highest price was $450,000.

June 2016

Median list price:        $279,475

Median sales price:     $284,500

Days on market:                3

No. of homes sold:           12

You can see that even last year, many homes were selling for over the list price. Now let’s check year-to-date stats.

Jan-June 1017

Median list price:       $317,250

Median sales price:    $313,500

Days on market:             6

No. of homes sold:        54

Jan-June 2017

Median list price:        $279,000

Median sales price:     $275,000

Days on market:              16

No. of homes sold:         40

Median sales prices in Armour Hills are up 14% year to date.  Most home sales occur in the first six months of the year–we will see how the second half of the year shakes out.  There is still strong demand for well maintained, updated homes in our neighborhood.  Usually the market slows down in August through mid September–I’ll be watching to see if that is the pattern for 2017!

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

 

 

 

 

Armour Hills Home Sales Stats – May 2017

Armour Hills in Brookside — a hot location for homebuyers this spring.  Almost one half of the total homes sold this year so far in Armour Hills closed last month. And as you will see…prices continue to rise as compared to last year.  Here are the May 2017 home sales for Armour Hills, and a comparison to last year.

May 2017 

Median list price:      $325,000                          

Median sales price:  $329,225                          

Number of homes sold:  16  

Days on market:              3       

May 2016    

Median list price:       $289,900

Median sales price:   $291,000     

Number of homes sold:   9  

Days on market:              33

The lowest sales price in May 2017 was $209,500 and the highest was $407,000.  Of all the homes that sold, 13 were at or above list price, sometimes by several thousand dollars.      

Now let’s look at year to date:

Jan-May 2017

Median list price:      $322,500

Median sales price:  $323,750

Number of homes sold:  36

Days on market:             4    

Jan-May 2016

Median list price:        $269,900

Median sales price:    $267,000

Number of homes sold:  27

Days on market:             33

There has been a 21% increase in median sales price compared to last year in Armour Hills.  Are we headed for another housing bubble??   Currently in Armour Hills there are just three homes for sale, with a median list price of $389,000 and 47 days on market. 

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

Brookside Art Annual This Weekend

art-annual-poster

It is one of the best art fairs in Kansas City–the Brookside Art Annual, happening this weekend, May 5-7, 2017 at 63rd St and Brookside Blvd. What makes this one special? Not as crowded as the Plaza Art Fair and the art is more affordable.  It has a more neighborhood vibe…

Artists from around the US will display their unique creations:  jewelry, painting, sculpture, photography, clothing, leather goods and pottery.  Free children’s’ activities take play during the day on Saturday and Sunday; there are also food booths for snacks and meals.  Saturday morning from 8:30-10:30am, enjoy a pancake breakfast from Chris Cakes–$5 per person, cash only.

 

Hours for the Art Annual are Friday 5-9pm, Saturday 10-9 and Sunday 11-5. PLEASE NO PETS in the tents. Be extra aware of foot traffic in the area–best to park a few blocks away on one of the lovely residential streets and walk to the festivities.

Thank you for supporting local artists and businesses in Brookside!

Waldo Week Starts Saturday Feb 25, 2017

waldo-week-2017It’s time for the second annual Waldo Week, celebrating the unique neighborhood of Waldo and it’s friendly, locally owned  small businesses. Sponsored by Feast Magazine, Waldo Week gives you 25% off at participating merchants in the area, from Gregory to 85th St; State Line to Holmes. You must mention Waldo Week to receive the discount.

Waldo Week is Saturday, February 25 through Friday March 3, 2017.

Here is a partial list of businesses that are participating this year:

Co Work Waldo

Family Bicycles

Flatiron District Blow Dry Bar

Hollyday Med Spa

McLain’s Bakery

Neighborhood Cafe

One More Cup

Pampered Paws Grooming Salon

Summit Grill

The Well

Waldo Jewelers

Please support our  locally owned Waldo businesses…and receive a special discount during Waldo Week!  More information at the website.