Tag Archives: Waldo real estate agent

Waldo Home Sales Report-April 2018

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Waldo home prices keep creeping up…again last month, many of the homes sold over the list price.  The highest sale was $430K–a whopping $30K over the asking price!  Here are the April 2018 sales stats, using the boundaries of Gregory to 85th St and State Line to Holmes:

April 2018                                                            April 2017

Median list price:    $209,975                           Median list price:    $159,000

Median sales price:  $212,500                          Median sales price:  $161,000

No. of homes sold:      44                                  No. of homes sold:      31

Days on market:        30                                    Days on market:          4

Checking year-to-date figures:

Jan-April 2018                                                     Jan-April 2017

Median list price:     $189,950                          Median list price:      $167,400

Median sales price:  $192,000                          Median sales price:    $170,200

No. of homes sold:      119                                No. of homes sold:       118

Days on market:          18                                  Days on market:           30

The number of homes is steady YTD–median sales price is up 12% over same period last year.  Demand is high, inventory low.  It’s a frustrating market for buyers in Waldo.

Currently there are 20 single family homes for sale in Waldo, with a median price of $244,500 and 12 days on market.  The lowest list price is $124,900 and the highest is $450,000.

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

 

Waldo Home Sales Stats-March 2018

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The Waldo area has home prices ranging from under $100K for a real fixer-upper to updated remodeled homes over $400K.  That wide range of housing prices is one of the most desirable aspects to living in Waldo–along with many locally owned shops, services, restaurants and bars.  Prices continue to rise in Waldo–take a look at these stats from last month:

March 2018                                                          March 2017

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

Median sales price:  $217,700                           Median sales price:   $172,700

No. of homes sold:      28                                     No. of homes sold:        36

Days on market:          3                                       Days on market:           40

Sold prices in March 2018 reflected an 8.75% over the list price! WOW. Lots of demand, not much inventory, pushing prices up.  Also, note homes went under contract in three days!  Here are the year-to-date statistics:

Jan-March 2018                                                     Jan-March 2017

Median list price:       $170,000                           Median list price:     $172,900

Median sales price:    $171,500                           Median sales price:   $170,400

No. of homes sold:        72                                     No. of homes sold:     89

Days on market:            15                                    Days on market:         33

Fewer homes have sold in the first quarter of 2018, and that’s because of a lack of inventory–the buyers are there, ready to write offers. Home values are up, and houses going under contract very fast.  I don’t expect a slowdown over the next few months.

Currently there are 17 active single family listings in Waldo, with a median list price of $239,000 and 17 days on market. Lowest price is $64,500 and highest is $385,000 (!).

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

 

Major Construction Work Planned for 75th and Wornall Area

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Waldo tower

Wonderful Waldo!

Wornall Road in the heart of Waldo seems to be a never ending construction site, and will continue that way for the next few years.  Here’s a summary of what’s going on:

*This week, contractors will start drilling around 75th and Wornall.  The work is related to the bigger (and much needed) 75th/Wornall improvement project.  There will be lane closures on both sides of Wornall from approximately 74th to 79th St area for several days.

*The 75th/Wornall improvement project involves a redesign of the parking lot in front of Waldo Pizza; creating a new Trolley Track extension (dedicated path) outside that lot; updated sidewalks, crosswalks and lighting;  plus installation of islands to slow down traffic at that congested intersection. Major work on this project is slated to start early next year and finish in late 2020. 

*The “sewer separation project” is underway along W 77th and W 85th, Grand and Summit Streets, bringing new storm and sanitary lines underground and some sewer line rehab.  This project is ongoing through 2019.

*The “Smart Sewer Project” involves water main line replacement along 75th St from Holmes to State Line, beginning in mid 2019 through 2020.

Our tax dollars at work!  Yes, it is challenging to drive, bike or walk around road closures in these areas however, all of this work is so necessary.  I’m especially excited about the 75th/Wornall improvements as that is such a congested intersection. It is the ‘front door’ of Waldo! After the project is completed,  the area will look much more inviting to pedestrians and help traffic flow better.

Please be courteous and aware of construction workers in the area as they work to make our neighborhood better for all!  Have a positive attitude, focusing on the outcome rather than the temporary inconvenience.

To keep up on details of these projects, check this webpage for updates:  www.kcmo.gov/publicworks/wornall.

Waldo Home Sales Report-Feb 2018

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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? The challenge is finding a well maintained, updated home with a lower budget.  It will be another strong year for Waldo home sales!

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.)

Wornall and 85th Shopping Area Slated for Renovation

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Today’s blog will tell you about the planned renovation changes for the northwest corner of 85th and Wornall in Waldo—where the Price Chopper is located.  This shopping area (“Wornall Village Shopping Center”) has been looking a bit shabby and run down over the years, and I’m excited share the news about the renovation!

price chapper

truck entranceThe Tutera Group, along with Nolte and Associates are planning to refresh this strip mall and hope to make it more pedestrian friendly.  The biggest change sounds like it will be the remodeled Price Chopper store—a total inside renovation, plus moving the truck delivery area to the northwest corner of the building.  The entire front of the building will have new lettering, colors, masonry and framing.  New sidewalks will be installed along Wornall and W 84th St.   The Tutera Group wants to attract more retail businesses and ‘a better tenant mix’ for this area…hopefully some locally owned shops and restaurants.

strip mall

 

Now that the plans are drawn up, the next step is working with KCMO on the permit process and other details; if all runs according to plan, work will start in the fall of this year and be completed in Spring 2019.  According to the developers, this project is a ten million dollar investment for Waldo—and will definitely make this corner more attractive to residents and shoppers.  Price Chopper plans to remain open during the renovation.

Waldo Home Sales Stats-Jan 2018

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Waldo homes did not last long when put up for sale last year–they generally went under contract in less than two weeks and median prices were up 5.6% over 2016. I think demand for Waldo homes will continue to be strong in 2018.  Below is the first report of home sales for this year, using the geographic area of Gregory to 85th St and State Line to Holmes:

 

January 2018                                                                     January 2017

Median list price:     $164,450                                       Median list price:      $159,950

Median sales price:    $160,750                                     Median sales price:  $159,000

No. of homes sold:        18                                              No. of homes sold:       27

Days on market:            24                                              Day on market:            36

The lowest closed sales price last month was $58,500 and the highest was $295,000. 

Currently there are just 12 single family homes for sale in Waldo, with a median list price of $227,500 and ten days on market. The lowest priced home is $70,000 and the highest is $399,900.

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

Waldo Week Begins Tomorrow 2/24/18

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waldo week

Now in it’s third year, celebrate our wonderful neighborhood of Waldo with special discounts at many participating business!  Over 21 spots are offering some great deals February 24-March 2, 2018.  Here are a few examples:

25% off store wide at Coco Brookside

25% off dinner entrees at Boru Ramen Bar and Summit Grill

25% off Irish sweaters at Sheehan’s Irish Imports 

Other merchants with discounts include Family Bicycles, Neighborhood Cafe, The Well, Governor Stumpy’s, Avery’s Hair Design and Centered Spirit.  Also, be sure to stop by Eclectics at 7015 Oak St–they are re-opening Saturday Feb 24 with a new look and displays! 

Remember to mention Waldo Week when you stop in.  Find a complete list of participating Waldo businesses at www.waldokc.org.  Thank you for supporting locally owned businesses in Waldo!

 

Waldo Home Sales Report-Nov 2017

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Like it’s neighbor Brookside, Waldo homes continue to increase in value as the year comes to a close.  Homes are not staying on the market very long, and sellers are getting very close to asking price.  Here are the November 2017 single family home sales stats for Waldo, using the street boundaries of State Line to Holmes and Gregory to 85th St:

November 2017

Median list price:      $179,900

Median sales price:   $177,000

No. of homes sold:        33

Days on market:            6

The lowest sales price was $61,000 and the highest was $409,900.

November 2016

Median list price:     $175,000

Median sales price:  $172,000

No. of homes sold:      29

Days on market:        15

Here are the year-to-date figures:

Jan-Nov 2017

Median list price:     $179,900

Median sales price:  $180,000

No. of homes sold:      380

Days on  market:        12

Jan-Nov 2016

Median list price:         $164,975

Median sales price:     $165,000

No. of homes sold:          398

Days on market:             23

As you can see from these numbers, Waldo has been a hot neighborhood for buyers the past two years. Prices are up 9% over last year.  Currently there are 22 active listings, with a median list price of $180,000 and 35 days on market.

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

Waldo Home Sales Report – Sept 2017

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What is driving up Waldo home sale prices?  Not enough inventory, lots of buyers and bidding wars.  Once again, sales prices beat the listing price for last month’s stats.  Here is the single family home sales report  for September 2017, with comparisons to last year; and I’m using the street boundaries of Gregory to 85th St and Holmes to State Line:

September 2017

Median List Price:     $175,000

Median Sales Price:   $187,000

No. of Homes Sold:       29

Days on Market:           10

September 2016

Median List Price:     $164,450

Median Sales Price:   $161,000

No. of Homes Sold:      38

Days on Market:           30

The lowest closed price in Waldo last month was $37,500 and the highest was $317,500.  Nine of the 29 homes closed at or above list price.  One house, listed at $119,000 sold for $139,000–that’s $20K over asking price!

Checking year-to-date figures:

January-September 2017

Median List Price:     $177,000

Median Sales Price:   $175,000

No. of Homes Sold:      303

Days on Market:            14

January – September 2016

Median List Price:     $165,000

Median Sales Price:   $164,000

No. of Homes Sold:     321

Days on Market:          23

Median sales prices are up in Waldo 7.9% compared to last year, and homes are selling faster.  Currently there are 28 active single family homes on the market in Waldo, with a median list price of $187,500.

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

Waldo Home Sales Stats – Aug 2017

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Waldo home prices continue to climb this year…and houses are selling very fast!  Usually the market slows down after the July 4 holiday–not in Waldo!  Here are the Aug 2017 stats and comparisons to 2016.  The boundaries I’m using are State Line to Holmes; Gregory to 85th St.

August 2017

Median list price:     $175,000

Median sales price:  $178,000

No. of homes sold:       33

Days on market:           8

The highest sale was $326,000 and the lowest closed price was $115,000.  Notice the sales price was higher than the listed price!

August 2016

Median list price:      $150,000

Median sales price:   $146,000

No. of homes sold:       46

Days on market:          34

Comparing Aug 2017 to Aug 2016–a 21% increase in prices!  Here are year to date stats:

Jan-Aug 2017

Median list price:        $175,000

Median sales price:    $176,500

No. of homes sold:       270

Days on market:           15

Jan-Aug 2016

Median list price:       $164,975

Median sales price:    $163,975

No. of homes sold:        268

Days on market:            21

This year, homes are selling faster and for higher prices in Waldo.  Year to date, median sales price is up 7.6%.  Currently there are 23 single family homes for sale in Waldo, with a median list price of $163,900.

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