Category Archives: Kansas City Home Sales Statistics

Waldo Home Sales Report-July 2020

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Ah…I am a bit late in posting these stats, my apologies! When the days can all seem the same….my schedule isn’t as rigid! As for the report, can the Waldo market get any tighter for buyers?!?! It is frustrating, having to bid against several other buyers for new listings. Prices continue to rise due to lack of inventory and high demand.

July 2020July 2019
Median list price: $199,950$234,000
Median sales price: $214,000$241,000
No. of homes sold: 46 37
Days on market: 2 3

As you can see from the days on market number, homes are going under contract within 48 hours of listing. Although the median price is 11% lower than last July, the closed price is way above the list price. Below are the YTD figures:

Jan-July 2020Jan-July 2019
Median list price: $215,000$228,450
Median sales price: $225,500$228,000
No. of homes sold: 210 206
Days on market: 4 8

Prices are down YTD from 2019, just a bit, it’s still very much a sellers’ market. Buyers need to get into new listings the day they hit the market to take a look, because there are just not homes for sale to meet demand. Currently, there are 11 single family homes for sale in Waldo, with a median list price of $215,000 and 29 days on market.

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

Armour Hills Home Sales Report-July 2020

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No new revelations in this month’s post about Armour Hills home sales…home values continue to rise, in line with other areas of Brookside. So, let’s look at the numbers:

July 2020July 2019
Median list price: $319,000$339,000
Median sales price: $335,000$340,000
No. of homes sold: 7 12
Days on market: 1 12

Wow, look at the sales to list price figure–5% higher! Last month, Armour Hills homes sold at or over the asking price. And they went under contract within 24 hours! The final sales price was lower than July 2019, but…still up YTD, as we can see from the figures below:

Jan-July 2020Jan-July 2019
Median list price: $347,000$339,900
Median sales price: $342,000$340,000
No. of homes sold: 44 55
Days on market: 8 21

Fewer homes have sold YTD compared to last year; that follows the trend of the entire metro area–fewer homes for sale overall. So, what does come on the market generally sells fast and can go over the list price. Armour Hills home prices are slightly up this year than 2019.

Currently there are just two homes for sale, with an average list price of $322,000 and eleven days on the market.

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

Brookside Home Sales Report-July 2020

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We are in the dog days of summer, my friends, and I’m still busy helping buyers and sellers with residential real estate! Usually, mid August to mid September is a slow period, with late summer vacations, back to school preparations, the Labor Day holiday. But this is not a normal year and so many homes in our area continue to go under contract within a few days of listing. Here’s the stats for July 2020 for single family homes in Brookside, and a year-to-date comparison:

July 2020 July 2019
Median list price: $425,000$377,500
Median sales price: $425,000$370,000
No. of homes sold: 33 36
Days on market: 5 20

Last month, a buyer paid over asking price for a $1million+ home! Usually the more expensive properties sit for several weeks; this one went for $115K over asking price! As you can see, sellers were getting at or above asking price for their homes.

And here’s where we are YTD:

Jan-July 2020Jan-July 2019
Median list price: $387,475$389,950
Median sales price: $393,750$382,500
No. of homes sold: 152 190
Days on market: 8 24

Although fewer homes have sold so far this year (partly due to the pandemic, I’m sure–sellers deciding not to move); homes are selling faster and running about 1.6% over list price compared to last July. We’ve had two $1million+ homes close this year, and overall, prices are up almost 3%.

Currently there are 22 homes for sale in Brookside, with an average list price of $974,000 and 65 days on market. That average price is so high because half of the homes for sale are priced at over one million dollars.

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

Armour Hills Home Sales Report-June 2020

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I am a bit late posting the June stats for Armour Hills homes sales…it’s already August! Still, time is moving slowly these days…but home sales are still very strong in Brookside. Here’s the report:

June 2020June 2019
Median list price: $334,900$329,000
Median sales price: $347,750$329,000
No. of homes sold: 89
Days on market: 2224

Five homes closed at or over asking price in June 2020. One home sold —for $35,000 over the list price!!! Another sold for $22,600 over ask price. It’s an out of control bidding war at times in Brookside and Waldo these days. Now let’s look at year-to-date numbers:

Jan-June 2020Jan-June 2019
Median list price: $349,900$343,700
Median sales price: $342,500$343,325
No. of homes sold: 3744
Days on market: 1024

Median sales price is running just a smidge behind where we were last year at this

time. The number of homes sold is lower; homes going under contract quicker. There is still a lot of demand, despite the COVID-19 pandemic. Will home sales fall as we get into the colder months of the year as they usually do? I think so; it will be interesting to see if prices are lower as well. So much depends on the condition of the home, no matter what time of year.

Currently there are seven active listings in Armour Hills, with a median list price of $359,900 and 13 days on market. Contact me if I can help you with any real estate needs!

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

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Waldo Home Sales Report-June 2020

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Demand for single family homes in the Waldo area is not slowing down…even with a pandemic going on! Prices keep rising; buyers often pay over list price for homes. Here are the stats for June, using the closed sales in the street boundaries of State Line to Holmes and Gregory to 85th St:

June 2020June 2019
Median list price: $230,000$217,500
Median sales price: $244,000$215,000
No. of homes sold: 4340
Days on market: 27

Buyers are paying over list price; an average of 6% ! And as you can see, most homes are going under contract within 48 hours of hitting the market. WOW. Let’s see what the year-to-date trend is:

Jan-June 2020Jan-June 2019
Median list price: $222,500$222,500
Median sales price: $228,200$219,500
No. of homes sold: 167176
Days on market: 510

YTD, Waldo home prices are up about 4% compared to 2019, and are going under contract quickly. Currently there are 21 active single family homes listed, with a median price of $325,000 and ten days on market. Prices range from $195,000 to $555,000.

(All stats taken from Heartland MLS; information reliable but not guaranteed.)

Waldo Home Sales Report-May 2020

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The pandemic has not slowed down Waldo home sales or prices!  There is still a lot of demand from buyers looking in this area.  Homes are selling fast too, often with multiple offers.  Here are the stats, using the Waldo area from State Line to Holmes/Gregory to 85th St:

May 2020                                                                             May 2019

Median list price:     $269,900                                        $232,500

Median sales price:   $257,500                                       $232,500

No. of homes sold:      37                                                     40

Days on market:           5                                                       5

That’s a hefty 10.5% increase from a year ago regarding sales price; however looking at the YTD numbers will tell us more.  Overall, neighboring Brookside prices are slipping compared to a year ago but in Waldo, still on the upward trend:

Jan-May 2020                                                              Jan-May 2019

Median list price:      $219,950                                     $229,950

Median sales price:     $226,000                                   $222,897

No. of homes sold:          125                                            132

Days on market:              12                                               13

So far this year, many sellers are getting an average of 2.75% over asking price for their Waldo homes; and houses are under contract within two weeks.  Currently there are 14 single family homes for sale in Waldo, with an average list price of $339,925 and 16 days on market. One reason for the high average list price is the four brand new homes under construction on the 7700 block of Kenwood–all priced over $350K.  

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

 

Armour Hills Home Sales Report-May 2020

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Interesting report here neighbors, for Armour Hills homes sales last month.  Prices are down, but buyers are still offering list price-or above! Here are the details:

May 2020                                                             May 2019

Median list price:      $352,500                         Median list price:       $365,000

Median sales price:   $352,500                         Median sales price:    $359,000

No. of homes sold:       19                                 No. of homes sold:        12

Days on market:          4                                     Days on market:             8

With the list and sales price being the same–you know most sellers are getting asking price. Three homes that sold in Armour Hills last month closed at $20,000 over list price-wow!  Here are the year-to-date numbers:

Jan-May 2020                                                          Jan-May 2019

Median list price:      $349,900                             Median list price:       $357,500

Median sales price:    $342,500                          Median sales price:    $355,500

No. of homes sold:      29                                     No. of homes sold:      34

Days on market:         10                                       Days on market:         24

Values are down almost 4% compared to last year; fewer homes sold, in a shorter amount of time. Our highest closed price in 2020 is $486,000 and lowest is $260,000.  Currently there are just two homes listed in Armour Hills, with a median price of $317,475 and 80 days on market.

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

 

 

 

Brookside Home Sales Report-May 2020

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Three months into the pandemic and home sales in Brookside and Waldo are strong…for those updated homes priced under $400K.  Still, values have slipped since last year.  Let’s take a look at the specific numbers, using the main Brookside zip code of 64113:

May 2020                                                                May 2019

Median list price:     $368,000                             $424,900

Median sales price:   $371,500                            $422,500

No. of homes sold:      32                                         40

Days on market:          4                                            22

Several of the homes that closed last month were at or above list price; five homes priced over $500K sold quickly.  Still, prices were a little lower and fewer homes sold–probably because some sellers decided to stay put during the coronavirus emergency.

Checking year-to-date stats:

Jan-May 2020                                                          Jan-May 2019

Median list price:     $368,000                               $399,950

Median sales price:  $370,000                               $395,000

No. of homes sold:         92                                       123

Days on market:             13                                        34

Sellers are still getting very close to list price, even though values have dropped a bit. Homes are selling quickly after going on the market–again, those in the under $400K price range.  Currently there are 39 active listings in Brookside, with 25 homes priced over $500,000 and 13 of those over $1 million.

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

Waldo Home Sales Report April 2020

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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.)

 

Armour Hills Home Sales Report-April 2020

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It’s the last week of May 2020; have you noticed how much more daylight we have in the evening?  Many more people out walking and I often hear the bagpipe player here in Armour Hills.  We have a long summer ahead dealing with the coronavirus..but we persevere! Here are the home sales stats for Armour Hills, the largest subdivision in the Brookside area:

April 2020                                                                   April 2019

Median list price:    $340,000                                     $358,700

Median sales price:   $336,500                                  $366,250

No. of homes sold:      6                                                10

Days on market:        20                                                 2

Home prices were down 8% compared to the year prior.  Now let’s look at year-to-date numbers:

Jan-April 2020                                                           Jan-April 2019

Median list price:     $339,950                                    $347,500

Median sales price:    $337,500                                 $350,000

No. of homes sold:        13                                               23

Days on market:            32                                               31

Armour Hills home prices are down about 3.7% year to date; Brookside as a whole is off 5% YTD.  Notice fewer homes are selling.  This decrease cannot all be blamed on the pandemic.  Inventory is still low; currently there are 4 active listings in Armour Hills, with an average list price of $352,475 and 40 days on market.

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