Waldo (Kansas City MO) Feb 2018 Home Sales Report

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

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?  It is challenging, though, to find a well maintained, updated home in Waldo for a budget price.

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.)

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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Mary Hutchison, SRES, ABR

Experience Agent in Kansas City Metro area
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