Last month we had a record high sale price for a home in Armour Hills; it was a flipped property by an investor. And the buyer paid over asking price! Here are the details:
May 2022
May 2021
Median list price:
$385,000
$365,000
Median sales price:
$429,000
$363,000
No. homes sold:
11
9
Days on market:
2
2
Buyers paid an average of 11% over asking price; a few more homes sold compared to May 2021. The highest sold price was $713,000, which was $28K over the list price! The lowest closed price was $360,000. Here are the year-to-date numbers:
Jan-May 2022
Jan-May 2022
Median list price:
$397,000
$367,450
Median sales price:
$419,000
$379,000
No. homes sold:
34
26
Days on market:
2
2
Breaking down these numbers, buyers are paying about 5.5% over asking price and home values are up just over 10% compared to the same period last year. Currently there are four active listings in Armour Hills, with a median list price of $500K and 13 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
With interest rates on the rise, will the hot Waldo housing market slow down? Personally, I don’t think so. There may be fewer multiple offers and perhaps price reductions, but there is still so much demand for houses in Waldo, especially priced under $300K. Here are the stats for May, using sales in the street boundaries of State Line to Holmes and Gregory to 85th St, single family properties.
May 2022
May 2021
Median list price:
$297,500
$265,000
Median sales price:
$318,000
$278,500
No. of homes sold:
26
32
Days on market:
2
2
Buyers paid almost 7% over asking price last month with their offers; and compared to a year ago, values are up a whopping 14%! Below are the year-to-date numbers:
Jan-May 2022
Jan-May 2021
Median list price:
$250,000
$250,000
Median sales price:
$278,000
$264,500
No. of homes sold:
119
148
Days on market:
3
2
These figures show us that fewer homes have sold this year; still prices up 5% over 2021. The lowest closed price so far this year is $45,000 and the highest is $650,000.Currently just twelve active single family house listings, ranging in price from $217,950-$535,000 and 12 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
May is one of the busiest months for home sales–and although Brookside had fewer closed transactions last month, prices are still way up. Here are the stats for single family home sales in Brookside, using the main Brookside zip code of 64113:
May 2022
May 2021
Median list price:
$462,000
$509,000
Median sales price:
$487,400
$530,000
No. homes sold:
36
47
Days on market:
2
2
Although overall, home values were down compared to May 2021, buyers still paid about 5% over asking price. The lowest closed sale last month was $360K and the highest was $1,575K ($75,000 over list price!). Here are the year-to-date numbers:
Jan-May 2022
Jan-May 2021
Median list price:
$489,900
$450,000
Median sales price:
$515,000
$464,000
No. homes sold:
121
130
Days on market:
2
2
Following the YTD trend, buyers are paying about 5% above asking price and values are 10% higher over last year. We will see in the coming months if the higher mortgage rates slow down the Brookside market and/or affect the prices. I am seeing some price reductions in Brookside and homes staying on the market longer…one thing for sure, the market is always changing!
Currently there are 17 active listings in Brookside, ranging in price from $365K-$4,000,000. Five homes are priced over $1million; only three are listed under $400,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Here’s yet another unique, friendly, locally owned business you should know about in Waldo: PKTC Collectables at 218 W 74th St. The name of the shop says it all: owners Scott Saunders and Dione Woods sell collectibles of all kinds: sports jerseys, comics, action figures, trading cards, posters, Funko Pops and a lot more!
Scott and Dione have been friends for over 20 years. Both are into collectibles: Scott had sports memorabilia and Dione collected comic books and action figures. The pair was celebrating Scott’s birthday in Las Vegas and were talking about collectible shops—how they usually sold “only comics” or “only sports stuff”; they wondered, why not sell everything in the same place? After scouting the metro area for a suitable location, a friend who owns this building offered them a spot. PKTC Collectables opened April 5.
Scott Saunders and Dione Woods
“We love the neighborhood”, Scott says. “We have awesome neighbors, everyone is so friendly and we got a big welcome from the Waldo Business Association. Nearby business owners have come by to introduce themselves.” Dione continued: “We get a lot of foot traffic in this location—especially the kids walking home from school or just out and about. We cater to the young collectors by offering lower priced cards for them, chatting with them—we even offer a free pack of cards to kids who bring in a report card with a 3.0 or higher grade point average”. They also have special promotions for adults: for example, to celebrate Father’s Day, wear an ugly tie and stop by for a free doughnut. Women are a big part of their customer base as well: the signed Travis Kelsey jersey is the #1 seller for the ladies!
The shop features action figures, cards, sports shirts, framed posters and Funko Pops.
Store merchandise comes from their own personal collections and what they can find on Facebook, at garage/collector sales and Ebay. If there is a particular collectible you are looking for, they will try to find it for you. This is a really fun store to browse in—Scott and Dione offer all kinds of interesting merchandise, at all price ranges. They love to talk shop and know the collectible market very well. They will accept consignments as well. Stop in to say hi to the guys: hours are 10am-7pm Tuesday through Friday and 11am-6pm Saturday and Sunday. Check out their Facebook and Instagram pages too. Welcome to Waldo, PKTC Collectables!
Check out this photo–Brookside as it looked over 100 years ago! Women wore long, dark heavy clothes and the men wore hats..electricity was not all that common and Brookside was considered to be so far away from downtown!
Here’s your chance to learn about Brookside and how it began as part of the Wornall family farm. The Wornall House is sponsoring the event on Saturday June 4 from 10am-4pm. You’ll walk through neighborhoods and the commercial district, learning all about how Brookside got started..and how much it’s changed through the years. (Still a beloved, treasured neighborhood of course!). After the tour, stick around the Wornall House for the Buds and Suds reception at 4pm, outside in the new Learning Landscape.
Inside Brookside (And Waldo) 