Waldo Home Sales Report – June 2018

Halfway through 2018 and Waldo home values are as sizzling hot as the outdoor temperatures!  Closed sales prices are regularly above asking price.  Let’s look at the numbers, using the Waldo street boundaries of State Line to Holmes and Gregory to 85th St:

June 2018                                                June 2017

Median list price:     $200,000               Median list price:    $185,000

Median sales price:  $219,000               Median sales price:  $194,000

No. of homes sold:    31                         No. of homes sold:    45

Days on market:        35                          Days on market:      3

The main reason the days on market last month were so much longer was due to one house that sat for sale for over six months.  Most Waldo area homes sell in under seven days.   The lowest sales price in June 2018 was $35,500 and the highest was $405,920.  Below are year-to-date comparisons:

Jan-June 2018                                            Jan-June 2017

Median list price:      $197,000                Median list price:    $175,000                       

Median sales price:   $199,500                Median sales price:  $177,500

No. of homes sold:       180                     No. of homes sold:    205

Days on market:           15                        Days on market:     18

Fewer homes have sold this year due to a lack of inventory, and that’s pushing prices up–over 12% increase over last year.  Currently there are 29 single family homes for sale in Waldo, with a median price of $249,000 and 23 days on market. The lowest list price is $134,900 and the highest is $485,000.

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

 

 

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Waldo Home Sales Report-May 2018

Double digit increases in home values continue in the Waldo area…when is the market going to slow down in this super hot neighborhood??  Here are the May 2018 single family home sales stats for Waldo, using the boundaries of State Line to Holmes and Gregory to 85th St:

May 2018                                                            May 2017

Median list price:    $221,750                           Median list price:     $187,450

Median sales price:   $221,000                         Median sales price:   $189,250

No. of homes sold:     36                                   No. of homes sold:      44

Days on market:       10                                     Days on market:         12

Prices were up 16% over same period last year, and most sellers continue to get more than asking price for their properties.  Here are the year-to-date figures:

Jan-May 2018                                                  Jan-May 2017                      

Median list price:      $195,000                     Median list price:     $175,000

Median sales price:    $197,000                    Median sales price:    $177,000

No. of homes sold:     147                              No. of homes sold:      157

Days on market:         15                                Days on market:         26

Fewer homes are available to buy, so prices are trending upward due to lack of inventory.  Home values are up 11% YTD over last year, with most homes selling for over asking price and in a shorter period of time.  Currently there are 21 single family homes for sale in Waldo, with a median list price of $269,900 and 23 days on market. 

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

Rockhill Gardens Home For Sale!

Rockhill Gardens is one of the most popular Brookside/Waldo area subdivisions..and I just listed a terrific home here!  It’s located at 400 E 71st Terrace, on the corner of 71st Terrace and Oak. Check out this curb appeal!

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What’s so special about this Tudor style home is that it retains the original charming details yet is updated for today’s buyer! Featuring a popular  two story, center hall floorplan, it has three bedrooms and two full baths, plus a partially finished basement.  The living room features a wood burning fireplace, and the French door opens to a cozy side room–perfect for small playroom or reading nook.

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The kitchen was recently updated, with new flooring, paint, cooktop and fridge.  Extra bonus–a spacious pantry!  The attached garage is just off the kitchen.

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Note the large, light filled dining room with original arched windows!

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The sellers have transformed the backyard since ownership, adding a patio, fresh sod and privacy fence.

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Other important updates:  newer roof, HVAC, exterior paint and sewer line.  You can’t beat this location–walk to Waldo shops, services, restaurants and Bier Station!  The address is 400 E 71st Terrace, offered at $315,000. Contact me at mary.hutchison@kansascityhomes.com if you would like more detailed information.

Waldo Home Sales Report-Feb 2018

Waldo is again in high demand for home buyers–final sales prices are (at times) thousands of dollars over the list price.  Here are the Feb 2018 single family home sales stats for Waldo, using the area of State Line to Holmes and Gregory to 85th St:

February 2018                                                               February 2017

Median list price:      $149,950                                  Median list price:      $192,950

Median sales price:   $160,000                                 Median sales price:   $180,000

No. of homes sold:          27                                       No. of homes sold:      26

Days on market:              24                                        Days on market:         31

Look at that median sales price, $11K over list price!   Last month there was a one bedroom, one bath home listed at $90K and sold for $110K–$20,000 over asking price for a one bedroom home!  I really feel for the buyers, who get so discouraged losing out in bidding wars.  More inventory will open up over the next three months.

Here are year-to-date stats:

Jan-Feb 2018                                                                    Jan-Feb 2017

Median list price:     $161,250                                    Median list price:      $171,350

Median sales price:  $161,500                                    Median sales price:   $168,375

No. of homes sold:        46                                           No. of homes sold:       52

Days on market:            23                                           Days on market:           31

So far this year sellers are getting at least asking price; many times more than that.  I think many of these lower price range buyers realize–rents are going way up, why pay someone else’s mortgage when you can buy and have a house payment similar to rent? The challenge is finding a well maintained, updated home with a lower budget.  It will be another strong year for Waldo home sales!

Currently there are 16 active listings, with a median price of $218,500 and 6 days on market.

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

Waldo Home Sales Report – Sept 2017

What is driving up Waldo home sale prices?  Not enough inventory, lots of buyers and bidding wars.  Once again, sales prices beat the listing price for last month’s stats.  Here is the single family home sales report  for September 2017, with comparisons to last year; and I’m using the street boundaries of Gregory to 85th St and Holmes to State Line:

September 2017

Median List Price:     $175,000

Median Sales Price:   $187,000

No. of Homes Sold:       29

Days on Market:           10

September 2016

Median List Price:     $164,450

Median Sales Price:   $161,000

No. of Homes Sold:      38

Days on Market:           30

The lowest closed price in Waldo last month was $37,500 and the highest was $317,500.  Nine of the 29 homes closed at or above list price.  One house, listed at $119,000 sold for $139,000–that’s $20K over asking price!

Checking year-to-date figures:

January-September 2017

Median List Price:     $177,000

Median Sales Price:   $175,000

No. of Homes Sold:      303

Days on Market:            14

January – September 2016

Median List Price:     $165,000

Median Sales Price:   $164,000

No. of Homes Sold:     321

Days on Market:          23

Median sales prices are up in Waldo 7.9% compared to last year, and homes are selling faster.  Currently there are 28 active single family homes on the market in Waldo, with a median list price of $187,500.

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

Waldo Home Sales Stats – Aug 2017

Waldo home prices continue to climb this year…and houses are selling very fast!  Usually the market slows down after the July 4 holiday–not in Waldo!  Here are the Aug 2017 stats and comparisons to 2016.  The boundaries I’m using are State Line to Holmes; Gregory to 85th St.

August 2017

Median list price:     $175,000

Median sales price:  $178,000

No. of homes sold:       33

Days on market:           8

The highest sale was $326,000 and the lowest closed price was $115,000.  Notice the sales price was higher than the listed price!

August 2016

Median list price:      $150,000

Median sales price:   $146,000

No. of homes sold:       46

Days on market:          34

Comparing Aug 2017 to Aug 2016–a 21% increase in prices!  Here are year to date stats:

Jan-Aug 2017

Median list price:        $175,000

Median sales price:    $176,500

No. of homes sold:       270

Days on market:           15

Jan-Aug 2016

Median list price:       $164,975

Median sales price:    $163,975

No. of homes sold:        268

Days on market:            21

This year, homes are selling faster and for higher prices in Waldo.  Year to date, median sales price is up 7.6%.  Currently there are 23 single family homes for sale in Waldo, with a median list price of $163,900.

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

Waldo Home Sales Stats – May 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.   These figures are for Waldo single family home sales, using the boundaries of State Line to Holmes and Gregory to 85th:

May 2017

Number of homes sold:    42

Median list price:              $189,900

Median sales price:          $192,000

Average days on market:    13

May 2016

Number of homes sold:      48

Median list price:              $168,700

Median sales price:          $168,000

Average days on market:    10

The highest price sale in Waldo last month was $365,500 and the lowest was $84,900. 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-May  2017

Number of homes sold:   165

Median list price:            $175,000

Median sales price:        $177,500

Average days on market:  26

Jan-May 2016

Number of homes sold:    152

Median list price:             $165,500

Median sales price           $164,475

Average days on market:   25

Year to date, Waldo home prices are up 7.9% over last year. Currently there are 14  active single family homes in Waldo, with a median list price of $175,000  and  ten   days on market.

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