Waldo home prices have been rising fast--will the pandemic slow down the market? Prices in the Brookside/Waldo area have taken a dip, but I still see strong demand for homes in these areas. Let's take a look at the numbers for Waldo, using the boundaries of State Line to Holmes and Gregory to 85th:
April 2020 April 2019
Median list price: $197,500 $227,000
Median sales price: $208,000 $217,750
No. of homes sold: 26 32
Days on market: 5 9
Home prices down about 4.5% compared to April of last year. However, note that sellers were getting over list price for their properties. This may be due to bidding wars as a result of lower inventory. Below are the year-to-date comparisons:
Jan-April 2020 Jan-April 2019
Median list price: $209,450 $225,000
Median sales price: $210,750 $219,900
No. of homes sold: 90 93
Days on market: 21 19
Year-to-date, prices have fallen just over 4%. Currently there are eleven active single family listings in Waldo, with an average price of $279,900 and 14 days on market.
(All stats taken from Heartland MLS; 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
Hi Mary Hutchison, SRES, ABR, this is some great, hyper-local market information. Thanks for sharing.
Lots of good information there for buyers and sellers, your market still is active and falling days on market shows that there is demand for homes. Hope you are busy and sellers will be well advised to give you a call.
Waldo - Kansas City home buyers and sellers are certain to value your real estate market report, Mary!
Thanks for the update on this community, all the best to you as you get many of these properties listed and sold.
Tracy
Mary it has been ages since we connected I just wanted to stop in and see and hope you are doing well, of course it is hard to tell now because we are missing all posts from June...Endre
Good morning Mary Hutchison, SRES, ABR - I hope that your market is doing well through June and now in July.
Mary Hutchison, SRES, ABR - I'm wishing you the very best in all you do. May success, health, and happiness be with you always.
Hi Mary Hutchison, SRES, ABR - I hope the home sales in Waldo have continued at a good pace.
Mary, great market report letting anyone understand the market in Waldo.