Waldo Home Sales Report-April 2023

Waldo homes are continuing to sell quickly however prices have calmed down somewhat–and fewer homes are selling, no doubt due to a continued lack of inventory and much higher interest rates than April 2022. Let’s take a look at the numbers; I’m using the boundaries of State Line-Holmes and Gregory to 85th for this report:

april 2023april 2022
Median list price:$260,000$250,000
Median sales price:$275,500$275,000
No. of homes sold: 21 27
Days on market: 3 3

The interesting fact about the sold price for last month was 1) it was above asking price, so buyers still paying more than list price and 2) the sold price was virtually unchanged from a year ago. With most homes selling within a few days of hitting the market, buyers have to be quick to see the new houses quickly. The lowest closed price last month was $175K and the highest was $470K. Below are the year-to-date numbers:

January-april 2023january-april 2022
Median list price: $275,000 $244,500
Median sales price: $275,000 $261,500
No. of homes sold: 71 94
Days on market: 8 3

Waldo home values have risen 5% YTD compared to 2022. Note that 32% fewer homes have closed, and some homes are sitting on the market just a little longer. Currently there are just three single family homes for sale in Waldo, with a median price of $359,000 and 12 days on market.

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

Brookside Art Annual and Waldo Spring Fling Happen This Weekend

The weather forecast looks good for this weekend–fortunately for two outdoor events you can check out! The biggie is the 37th Brookside Art Annual, at 63rd St and Brookside Plaza.

Booths open tomorrow, Friday May 5, at 5pm. Enjoy browsing through all sorts of local and regional art: painting, sculpture, clothing, jewelry, photography and a few pieces that will certainly make you ponder…what is it exactly?? In addition there are things for the kids to do: arts and crafts and face painting plus several food and snack options. The Art Annual continues on Saturday from 10am-9pm and Sunday 11am-5pm.

Also happening on Saturday is the 2nd Annual Waldo Spring Fling, at the NE corner of Gregory and Wornall. This is a smaller, growing event and family friendly; several local Waldo businesses will have booths set up plus food trucks for noshing.

You can easily enjoy one or both outdoor events this weekend; remember to drive slowly near these two areas and watch for extra pedestrians and tight parking on side streets. Thank you for supporting our local Brookside and Waldo businesses and events!

Waldo Home Sales Report – February 2023

Checking these Waldo home sales stats, here’s a synopsis: interest rates up, prices up, number of homes sold, down. There is still so much demand despite the higher interest rates that prices keep rising due to lack of inventory. Let’s look at the numbers:

february 2023february 2022
Median list price:$315,000$244,925
Median sales price:$302,000$253,000
No. of homes sold: 15 24
Days on market: 6 3

Last month, fewer homes sold than Feb 2022; yet prices are way up-that median sales price rose 19%. The lowest closed price was $137,400 and the highest was $415,000. Now let’s see the year-to-date figures:

Jan-Feb 2023Jan-Feb 2022
Median list price:$299,950$202,500
Median sales price:$299,450$237,000
No. of homes sold: 28 41
Days on market: 20 3

So far this year, 31% fewer homes have sold compared to the same time last year, and prices are up 28.7%. Currently there are 12 single family homes for sale in Waldo, with an average price of #332,500 and 7 days on market.

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

Waldo Home Sales Report-January 2023

We are just a couple of days into March…and I am a bit late posting these January stats for Waldo home sales. No surprise here–prices keep going up! These are the sales figures for single family homes, using the boundaries of Gregory to 85th St; State Line to Holmes:

january 2023january 2022
Median list price:$260,253$217,000
Median sales price:$249,875$215,000
Days on market: 33 4
No. of homes sold: 14 17

Home prices rose 16% compared to January 2022; and (some) homes are sitting on the market longer. Remember, a year ago, interest rates were around 3%. Still, that’s a pretty hefty increase in median sales price considering the interest rates have doubled. The lowest closed price was $152,500 and the highest was $470,000.

Currently there are 13 homes for sale in Waldo, with a median list price of $260,000 and 16 days on market.

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

Meet Waldo’s New Executive Director!

How many businesses do you think have a Waldo address?  Chelsea Kapka, Executive Director of the Waldo Area Business Association, has heard over 600 businesses call Waldo home…and about 350 of them belong to WABA.  Since joining WABA last month, she’s hoping to increase membership along with some other goals for the strong, thriving neighborhood.

I stopped in WABA at 7222 Wornall recently to have a chat with Chelsea.  Originally from southwest Missouri, she went to MIZZOU for her undergrad degree and completed a masters at MO State.   She’s spent the last several years in nursing home administration, most recently in Olathe.  Although Chelsea enjoyed working with seniors, she decided she wanted a change in her career, and applied for the WABA job.   She’s lived in Waldo for the past several years, with a sister and brother also living nearby.

Chelsea talked about other goals she has for WABA:  she’s planning a bingo game on Wednesdays at Waldo Pizza that should start soon, and wants to increase community events.  Besides the popular Waldo Fall Festival, she  is promoting the second annual Spring Fling happening May 6, at Gregory and Wornall.  She hopes to get more businesses to participate, including more local makers.  The monthly Waldo business luncheons are open to anyone; details on dates are on the WABA website.  The next luncheon is Wednesday March 1 at HJ’s Community Center, featuring sixth district candidates up for election.  “I really like the WABA Mission Statement—it’s important for me to maintain Waldo as a vibrant and inclusive area.  Waldo feels like its own city within Kansas City—so unique and eclectic”.

Chelsea and I talked briefly about the houseless issue in Waldo and how it can be addressed.  She recently met with Josh Henges, the “homeless prevention coordinator” for Kansas City MO, who has a lot of ground to cover.  The Waldo CID (Community Improvement District) handles security, graffiti and trash removal, marketing,  plus landscape maintenance for the neighborhood.  CID Community Awareness Officers are a daily presence that will report to police any necessary information regarding the houseless population but do not get directly involved.

In her free time, Chelsea spends time with her scientist husband and their three dogs; she enjoys reading and going to live music shows, especially at the Madrid Theater. You are welcome to stop by and introduce yourself to Chelsea, especially if you have a business in Waldo.  The WABA is located at 7222 Wornall.  And feel free to come to one of the monthly luncheons to keep in touch with what’s happening in Waldo!

Waldo Week Starts Today!

So the hype of the Chiefs winning the Superbowl is winding down, Valentine’s Day is over and ….this can be a bland time of year. Here’s a diversion for you: plan to participate in the 8th annual Waldo Week!

Waldo Week was created to spotlight locally owned Waldo businesses by offering special discounts and deals for several days during the slower winter months….while also supporting a local non-profit organization. This year, the votes came in for Lucky 13 pet rescue as the supported charity. The Waldo Area Business Association hopes to raise $1500 for Lucky 13 through a special virtual auction and donations.

Several local businesses have special offers for the next several days, including Betty Rae’s, Eclectics, Crow’s Coffee, Summit Grill and Breathe. Mention Waldo Week when you stop by to find out details. A complete list of participants is listed on the WABA website.

Waldo Week runs from Thursday Feb 16 through Friday Feb 24. Thank you for supporting our locally owned Waldo businesses!

Discussions Underway for a New Waldo Library

The Waldo branch of the Kansas City Public Library system, at 201 E 75th St, would like more space to serve local residents. It’s currently the second busiest location; the Plaza branch has the top spot.  Preliminary talks are underway between the library and the Kansas City Public School district about a move to the old Bingham school site, at  7618 Wyandotte (77th and Wornall, behind the Firestone Tire building).

I recently spoke with Eric Gunderson, President of the Waldo Tower Neighborhood Association to find out more.  Last November, he hosted a public meeting at the library to start a dialogue with neighbors about possible plans.  Shannon Jaxx from KCPS and library consultants were present. The site of the former school is 7.5 acres, and a new library building would use up just part of the empty lot.  The current building on 75th St has 14,000 SF; a new building would ideally be between 22-25,000 SF and include useable outdoor space for patrons.  Inside, there would be a larger, dedicated children’s area; a computer lab, an array of different sized meeting rooms and more storage space. The library and consultants feel that with the current building maintenance issues (leaky roof, space constrictions, etc), it would be less expensive to build a brand new building.  Currently the library is funded by a portion of KCMO  resident property taxes; it was stated in the meeting that no new taxes would be needed to fund a new structure.  No building plans have been drawn up; at this stage, it’s all talk and figuring out various options.  Eric says if the relocation does happen, it would be at least five years, probably more, before the new library opened.  He reports that there wasn’t any opposition to a new building; the challenge would be some increased traffic in the residential area, as the entrance to the site is off Wyandotte and not Wornall.

I also asked Eric about other significant happenings in Waldo; we talked about all the new locally owned businesses that chose Waldo as their home—so many in just the past couple of years, despite the pandemic.  The biggest changes are happening in the streetscapes:  along Gregory from Wornall to Oak, you’ve seen the construction workers and detours as KCMO installed “traffic calming” elements like curb extensions and a dedicated bike lane, .all of these improvements will make this area more pedestrian/bike friendly.  In the near future, major changes are coming along Wornall from 74th-79th St, especially in the busy area in front of Waldo Pizza.  Plans include new streetlights, water main replacement, a new roadway, parking lot improvements, and more.  You can read more details about these plans at the Waldo neighborhood website under Resources. And you can keep up with other Waldo news/meetings at the site as well.

Waldo Home Sales Report-December 2022 and Year End Recap

I have some interesting numbers to report regarding last month’s Waldo home sales stats; although home sales are traditionally slower in the last quarter of the year, prices were down compared to December 2021; usually there is an increase year over year. Let’s take a look at the details; as usual, I’m using the street boundaries of Gregory to 85th and State Line to Holmes for the numbers:

December 2022December 2021
Median list price:$240,000$255,000
Median sales price:$235,000$268,000
No. of homes sold: 18 35
Days on market: 25 10

Compared to a year ago, Waldo homes closed at 12% less than the median sales price in December 2021; also 50% fewer homes sold. The lowest closed price was $117,500 and the highest was $540,000. Note this year’s December list price was lower, which accounts for some of the median sales price drop. Overall, though, Waldo home values had a healthy increase overall last year; below are the stats, with a five year comparison.

Median list price:$264,900$249,975$223,000$220,000$200,000
Median sales price:$276,000$260,000$230,000$217,225$205,000
No. of homes sold: 300 412 377 362 381
Days on market: 3 3 4 10 19

You can see the chart indicates that most of the time, buyers are paying over the list price for Waldo homes by about 3-4%, although 27% fewer homes closed last year. And houses are continuing to go under contract quickly. From 2021-2022, Waldo homes gained 6% in value, and 34% since 2018. There is so much demand for housing that I don’t foresee prices drastically coming down in 2023. When I drive around Waldo, I see several new build homes going up–and brand new houses sell for quite a bit over $300K. The old saying is true: it’s all about location, location, location in real estate!

Thanks for reading my blog! Next month I’ll post January 2023 numbers. Here’s to a new year!

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

Waldo Home Sales Report-November 2022

The holidays in your own home…it’s a special time! Perhaps you purchased a home in Brookside or Waldo within the past year or so…know that your property value is likely on the rise! Higher interest rates have slowed the number of houses sold, but Waldo prices are still going up. Let’s look at the numbers…I’m using the street boundaries of Holmes to State Line/Gregory to 85th St for these stats:

November 2022November 2021
Median list price:$245,000$235,000
Median sales price:$257,000$225,000
Days on market: 4 3
No. of homes sold: 19 35

Values rose 14% compared to November 2021, with 45% fewer homes closing last month compared to a year ago. Still, buyers are regularly paying over the list price. Here are the year-to-date numbers:

Jan-Nov 2022Jan-Nov 2021
Median list price:$259,450$247,950
Median sales price:$275,000$258,700
Days on market: 3 3
No. of homes sold: 262 362

For the year, prices are up just over 6%; although 27% fewer homes have sold so far. Waldo continues to be a very hot location for buyers despite the higher interest rates–most homes go under contract within a few days. Next month I’ll post Dec stats and a year end wrap up! Currently there are 16 active single family listings in Waldo with a median price of $252,778. The lowest asking price is $75K and the highest is $440K.

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

Waldo Home Sales Report-October 2022

Here we are, heading towards the end of the year, and Waldo home sales are slowing down..yet prices are up! Let’s take a look at the details… I’m using the street boundaries of State Line to Holmes/Gregory to 85th for these stats:

October 2022October 2021
Median list price:$280,000$230,000
Median sales price:$280,000$235,000
Days on market: 13 9
No. of homes sold: 22 37

Buyers are still paying list price or above for most properties; and the closed price was 19% ahead of October 2021. The lowest sale price was $60,500 and the highest was $650,000. Below are the year-to-date numbers:

Jan-Oct 2022Jan-Oct 2021
Median list price:$263,950$249,900
Median sales price:$276,000$260,000
Days on market: 3 3
No. of homes sold: 252 328

So far, 30% fewer homes have sold compared to last year–probably cause is the higher interest rates that kicked in late Spring; and yet buyers are still paying over the list price as home values are up 6% over 2021.

Currently there are 18 single family homes for sale in Waldo, with a median list price of $364,750 and 25 days on market.

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