It seems a little odd to be reporting January home sales stats when the temperature on this February day is in the 70s! I’m remembering the weeks of very frigid temps just last month. Grateful for the warm sunshine today! OK, getting down to business, here are the single family home sales stats for Waldo last month, using the boundaries of State Line to Holmes and Gregory to 85th St.
january 2024
january 2023
Median list price:
$285,000
$260,253
Median sales price:
$299,000
$249,875
Days on market:
3
33
No. of homes sold:
11
14
Buyers paid about 5% over list price for their homes and values are up 19.6% over January 2023 numbers!! Homes are still selling within a couple days of going up for sale. The lowest sales price last month was $180,000 and the highest was $277,250.
Currently there are six single family homes listed in Waldo, with a median price of $262,250 and 40 days on market.
At a recent Waldo Area Business Association meeting, Jeremy Tinkler withEPC Real Estate Group gave us an update on the apartment complex planned for the intersection of 74th St and Broadway, where The Well once stood. The construction of the building will coincide with the planned street improvements in the 75th and Waldo area, so this intersection is going to be messy for the next two years!
There have been some changes from the initial plans. The Well will still be on the ground floor of the building, but now there will not be a “rooftop” connected with the restaurant. Instead, some of the apartments on the second floor will have “terraces” that overlook the street. Also planned for the first level are three other retail spaces, which could be services (like a spa or nail salon) or a coffee shop/small cafe, plus outdoor tables in front of The Well. The working title for the building, 74 Broadway, hasn’t been chosen as the official name but you can see this project referenced as such at the EPC website.
Since there will not be a rooftop area, a few more units were added; now there will be 283 studio, one and two bedroom apartments. Fifty seven of these will be at “affordable” prices. A five story parking garage for 374 vehicles will be attached with validation available for the building’s retail and restaurant. Tinkler says residents will have access to “top of the line” amenities: an outdoor pool, cabanas, a whiskey lounge, clubhouse and a golf simulator. Construction should take at least two years, and demolition of the former Well building is planned for March 4 if all the paperwork is completed.
74 Broadway is working with KCMO so that the construction of this project is happening at the same time as all of the street improvements and sidewalk/parking lot reconstruction happening now along Wornall. The Waldo Area Business Association has created a website to keep you updated on what’s happening here; note it is a work in progress! Please continue to support Waldo merchants and services in the 75th and Wornall area despite the construction disruption and traffic rerouting–they are here for you!
Buyers are continuing to find Waldo a desirable place to live, even with the interest rate hikes of last year. The number of homes changing owners was about the same as December 2022–but the values are way up. Let’s look at the stats:
december 2023
december 2022
Median list price:
$264,000
$240,000
Median sales price:
$262,500
$235,000
No. of homes sold:
16
18
Days on market:
2
25
Last month buyers paid within 1% of the list price–that’s good to hear, we don’t need constant frivolous bidding wars, especially for first time buyers. Prices rose almost 12% compared to December 2022. The lowest closed price was $122,500 and the highest was $480,000. Below is a graph for the five year trend of Waldo single family home sales:
2023
2022
2021
2020
2019
Median list price:
$289,950
$265,000
$249,975
$222,500
$222,450
Median sales price:
$296,000
$275,000
$260,000
$229,900
$217,475
No. of homes sold:
267
301
410
375
358
Days on market:
3
3
3
4
10
Waldo home prices rose 7.6% 2022-2023 and values are up 36% since 2019. You can see in this chart how inventory has fallen–25% fewer homes are selling because there are not enough homes to satisfy demand. With interest rates sliding down (however don’t expect 3 or 4% this year!), more buyers will try this spring to purchase, resigned to the higher rates compared to a couple of years ago. These trends show, Waldo homes are a very good investment for homebuyers!Contact me if you are interested in buying or selling in Waldo!
Here we go…into two weeks of holiday hoopla, multiple trips to the grocery store, airport runs, packing and unpacking, enjoying those special home cooked recipes and seeing the innocent joy of the season on every kid’s face. Is this too sentimental?? OK let’s get on with the show…below are single family home sales for Waldo last month; I use the street boundaries of State Line-Holmes and Gregory to 85th for the report:
november 2023
november 2022
Median list price:
$315,000
$242,500
Median sales price:
$315,000
$257,000
Days on market:
3
4
No. of homes sold:
29
20
There are some interesting stats here; compared to Brookside, the number of homes sold increased compared to a year ago, and prices rose by 22%!! I suspect some buyers finally got used to the fact that interest rates are not going down to 3%, or even 5% anytime soon so they finally made a purchase. The lowest closed price was $70,000 and the highest was $525,000. Here are the year-to-date stats:
jan-nov 2023
jan-nov 2022
Median list price:
$295,000
$265,000
Median sales price:
$300,000
$278,000
Days on market:
3
3
No. of homes sold:
272
303
The trend for the year has been buyers paying a bit over the list price and prices increasing from last year. Still a lot of demand as you can see–most houses go under contract very quickly, within a few days. The number of homes closed decreased by 11%, due to interest rate hikes causing some buyers leaving the market.
Currently there are just 8 homes listed in Waldo, with a median price of $314,750 and 22 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Well this month is certainly slipping away fast…as the last two months of the year usually do!! So I’d better get these Waldo home sales stats out–and here they are–single family home sales for Waldo last month, using the boundaries of State Line to Holmes, Gregory to 85th St:
october 2023
october 2022
Median list price:
$277,500
$294,000
Median sales price:
$294,000
$290,000
Days on market:
3
13
No. of homes sold:
20
22
Waldo continues to be a strong market for sellers–you can see buyers paid about 6% over the list price last month; median sales price just a bit over 1% compared to October 2022. The lowest closed price was $180,000 and the highest was $405,000.
Here are the year-to-date numbers:
jan-oct 2023
jan-oct 2022
Median list price:
$280,000
$267,000
Median sales price:
$290,000
$280,000
Days on market:
3
3
No. of homes sold:
221
258
So far this year, Waldo home values are up about 3.5%; and 14% fewer homes have sold. There are currently 12 active listings in Waldo, with a median price of $302,250 and 26 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
It seems like there is no shortage of homebuyers for Waldo as prices keep rising and buyers are paying over sticker price. Let’s take a look at last month’s sales, using Waldo boundaries of State Line to Holmes; Gregory to 85th St:
August 2023
august 2022
Median list price:
$344,500
$259,900
Median sales price:
$370,000
$270,000
Days on market:
3
3
No. of homes sold:
28
31
Look at the difference in the sales price compared to last year: up 37%!!! Buyers are paying over 7% of asking price and homes going under contract within a couple of days. The lowest closed price last month was $66,000 and highest was $537,500. Here are the year-to-date numbers:
jan-aug 2023
jan-aug 2022
Median list price:
$295,000
$259,000
Media sales price:
$297,450
$278,000
Days on market:
3
3
No. of homes sold:
192
215
So far this year, the number of sold homes is down just under 12% compared to last year. Home values are up 6.9%. Currently there are 12 single family homes listed in Waldo, with a median price of $312,500 and 12 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
You may have heard via national news that home sales are down this year–partially due to the higher interest rate. That is true for Waldo as well–at least according to last month’s stats. Let’s take a look; I’m using data for single family homes using the boundaries of State Line to Holmes, Gregory to 85th St.
july 2023
july 2022
Median list price:
$250,000
$285,000
Median sales price:
$270,000
$303,000
Days on market:
2
3
No. of homes sold:
19
34
Most buyers are still paying over asking price; however prices last month dipped 12% from July 2022. Also, 44% fewer homes sold. Why? I think many first time buyers have dropped out of the market for now due to the higher interest rates. That’s one reason….their budget can’t stretch enough for what they want. The lowest closed price last month was $170K and the highest was $452K. Her are the YTD numbers:
jan-july 2023
jan-july 2022
Median list price:
$289,950
$259,000
Median sales price:
$296,000
$278,000
Days on market:
3
3
No. of homes sold:
161
177
Looking at the year-to-date trend, home values are up almost 6.5% and 9% fewer homes have changed hands this year. Currently there are 8 single family homes for sale in Waldo, with a median price of $339,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Waldo is experiencing double digit increases in home vales compared to last year–how long will this continue?? Certainly buyers cannot “wait for a deal” ; that’s a phrase I hear often as an agent! The best time to buy is when you are financially ready! Here are the stats for single family home sales in Waldo, using the boundaries of State Line to Holmes; Gregory to 85th St:
june 2023
june 2022
Median list price:
$329,000
$240,000
Median sales price:
$340,000
$245,000
Days on market:
3
2
No. of homes sold:
37
28
Yes it’s the same story…most buyers paying over the asking price and homes going under contract within 48 hours. The median price for June 2023 was 33% over June 2022!! Lowest closed price last month was $140K and the highest was $457K. Here are the year-to-date numbers:
Jan-june 2023
jan-june 2022
Median list price:
$299,000
$249,900
Median sales price:
$300,000
$269,500
Days on market:
4
3
No. of homes sold:
141
143
We are consistent in the number of homes closing YTD; values up 11% so far this year. It seems buyers have adjusted to the higher interest rates as there is still so much demand.
Currently there are 12 homes for sale in Waldo; two of these are new construction. The median sales price is $300,000 and 10 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Waldo is welcoming yet another new, locally women owned shop just east of McLain’s Bakery! It’s exciting to report small businesses are thriving in our neighborhood! Read on to find out more about Ampersand Design Studio at 211 E Gregory. There are so many attractive and colorful items here for sale; you will see why the owners describe the shop “where color and pattern come to play”.
Owners Morgan Georgie and Carrie Kiefer met in design school at KU. Both got jobs with Hallmark, in the creative department for gift wrap, photo albums and party goods. After leaving the company, Morgan and Carrie started Ampersand, initially designing invitations and wall art and selling via their own website and Etsy. Eventually they sold their colorful art and prints to Crate and Barrel, West Elm, Minted and other national companies. They decided to open a storefront, and picked the Waldo location. “We really love the close knit neighborhood here, the constant flow of foot traffic and everyone has been so warm and accepting” says Morgan. They opened this space in April and business has been steady. Future plans include special classes and workshops plus pop up events.
Carrie Kiefer and Morgan Georgie, Ampersand Design Studio
So what can you find in Ampersand? There are useful and practical items like all cotton blankets, napkins, glassware, planters, KC branded tee shirts, some kids’ items and greeting cards, all featuring eye catching designs and bright colors. Here, you’ll find just the right special and unique gift: a decorative serving tray, pillows, hand towels, wall art, —or pick up a new pair of fun earrings! In the back of the store is where the magic happens—Morgan and Carrie have their design studio set up there. What inspires their art? “We are inspired by exposing ourselves to new things” Morgan says. “It could be an interiors magazine, a beautiful movie or even an artistically displayed plate at a favorite restaurant. We get inspired by color, pattern, and typography everywhere we go. We love what we do!”
Stop by AmpersandDesign Studio the next time you need ideas for a gift or personal special something. Hours are 9am-6pm Monday through Friday; Saturday 9-5 and Sunday 9-4. Make a note to visit later this year when Morgan and Carrie promise “a lot of great holiday themed items.” Thank you for supporting our small businesses in Brookside and Waldo!
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 2023
april 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 2023
january-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.)
Inside Brookside (And Waldo) 