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).
Mary Hutchison, SRES, ABR
(Brookside/Armour Hills resident, local business supporter, NPR fan, Habitat ReStore volunteer, thankful for the gift of another day!)
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Better Homes and Gardens Real Estate/Kansas City Homes
mary.hutchison@kansascityhomes.com
816 510 1262
