Waldo (Kansas City MO) 2017 Home Sales Recap

By
Real Estate Agent with Better Homes and Gardens Real Estate-Kansas City Homes

Wonderful Waldo finished the year strong in terms of rising home values...and I will report on those stats in the latter part of the blog.  First, let's examine the figures (single family homes)  for December 2017 with comparisons to last year.  I'm using the boundaries of Gregory to 85th St, State Line to Holmes:

December 2017                                                     December 2016

Median list price:       $164,950                          Median list price:    $179,900

Median sales price:     $161,500                         Median sales price: $179,000

No. of homes sold:      32                                     No. of homes sold:    17

Days on market:          37                                     Days on market:       21

Although the median price dropped compared to 2016, more home sold that were in the lower price range for Waldo. That affected the median sales price.  

Here are the year end stats: 

2017                                                                               2016

Median list price:      $175,000                              Median list price:     $167,200

Median sales price:   $177,000                              Median sales price:  $167,500

No. of homes sold:       393                                     No. of homes sold:    396

Days on market:           13                                       Days on market:         21

For the second year in a row, many sellers got asking price or above for their homes.  About the same number of homes sold--but in less time.  Two weeks on market before getting an offer is not very long at all!  The lowest sales price in 2017 was $37,500 and the highest was $480,000.  Home values increased 5.6% over 2016.

Here are median sales prices for a few preceding years:

2013:  $144,000; 2014: 149,975; 2015: 159,250.

Waldo home values have increased 22.9% in five years!  Of course, that increase in value does not apply to every home; seller maintenance, updates and location all figure into the home selling price.  I predict Waldo will continue to be a hot location for home buyers in 2018!  Currently there are 22 homes for sale, with a median list price of $207,500 and 31 days on market.  

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

Posted by

Mary Hutchison, SRES, ABR

(Brookside/Armour Hills resident, local business supporter, NPR fan, Habitat ReStore volunteer, thankful for the gift of another day!)

**********

Better Homes and Gardens Real Estate/Kansas City Homes

mary.hutchison@kansascityhomes.com

816 510 1262

www.maryhutchison.org

 

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Mary - certainly the larger number of sales tells the story.  That can change the average but the fact that asking prices are being met sounds like a strong market.

Jan 21, 2018 05:57 AM #1
Rainmaker
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Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Mary,

Looks like December 2017 Buyers got  a deal during the holiday season. Median prices seems to have gone up now, in January!

Jan 21, 2018 10:29 AM #2
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Rainmaker
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Mary Hutchison, SRES, ABR

Experience Agent in Kansas City Metro area
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