Looking at the Waldo Area and 64114 zip code in Kansas City for the last 7 days, we see that there are currently 222 Active Listings (Homes For Sale) at an average list price of $142,509.
There are 18 homes with Contracts Pending; 20 Accepting Back UP Offers.
5 homes SOLD in the last 7 days:
7 W 108th Court Sold for $200,000
9804 Holly Sold for $178,000
814 W 75th Street Sold for $61,000
8005 Washington Sold for $85,000
102 W 98th Ter Sold for $33,000.
So, how do you know what your home is worth? Why such a big variation in price?
Well, thesse are established neighborhoods. There are many different styles and sizes of homes in these subdivisions. Lot sizes vary. Some homes are in excellent condition with granite counter tops and stainless stell appliances. Some are HUD or REO's that have been neglected and abused.
A 2 Car Garage in Waldo commands a high price. A house with 2 bathrooms is more valuable than a house with only 1 bathroom Home buyers are balancing price, condition, number of bathrooms, garage space and lot size.
Buyers who are well qualified will often choose the house that's already updated while those who cannot afford the updated house will be more willling to consider a house that needs updatiing. They may even consider a house that has deferred maintenance issues.
A brick bungalow or tudor style home built in the 20's with all the architectural details and craftsmanship from that period will attract more buyers than a split level built in the 50's. Some buyers want one-level ranch style homes with no stairs to navigate. Houses with basements are more valuable to buyers than houses on slab or those with only a crawlspace.
Two homes which are comparable in size, style and condition will be evaluated for specific location. The ones nearest to Waldo Pizza, The Well, Tanners, Governor Stumpy's, The Gaf and other Waldo restaurants and bars will get a higher price than those further away. Houses right on Wornall Road will get less in price than those homes not on that busy street. People want to be close but not ON the busy streets. People want to be able to zip onto I-435 but don't want the highway noise when they're having a BBQ in their back yard.
People often choose a home in Waldo when they find the Brookside home prices too much for their budget. It's still close in to downtown and the Plaza, close to the Trolley Track Trail, has shops that people like to go to and more affordably priced homes. If you're selling your house in Waldo, you are marketing to first time home buyers, people who are downsizing, people who enjoy the close-in lifestyle, and those whose budget is under $250,000. Likely buyers are recent college graduates, graduate students at UMKC and Rockhurst, bicycle enthusiasts, retirees from the suburbs, people with children in private schools, dog lovers, artists, musicians, chefs, doctors in their residency program, attorneys in their first job, and widows who are selling their large family home in Brookside. You'll also be attracting employees at Cerner, Hallmark, the Stowers Institute and businesses within a 3 mile radius. You will also be marketing to people who currently own a condo downtown and are now wanting a house in which to raise children.
Waldo has been a popular Kansas City neighborhood for about 100 years. The location is still preferred by many home buyers today. Days on market for a well priced Waldo area house in show ready condition should be less than 90.
Maria Morton [816-560-3758] Leading Edge Society 2010 . .For your convenience, the QR Code can be scaaned with your Smart Phone to capture my contact information. ♫ ♦ Prudential Kansas City Realty . 435 Nichols Rd. 3rd Floor . Kansas City MO 64112 . Office 816-410-5499 Blog: www.MariaMorton.com ♫ Kansas City Real Estate Home Values By County Years 2001-2011 ♫
♪♫ . . ...*Information obtained from Heartland MLS is deemed reliable but not guaranteed. **This is an eclectic blog combining a little business with pleasure; please consult a licensed professional before making life altering decisions. Maria Morton, Realtor©, SRES is a Kansas City Real Estate Agent licensed in MO & KS and affiliated with Prudential Kansas City Realty 816.410.5499.o Maria Morton Copyright © 2011 *Kansas City Real Estate Market Report - Waldo 64114*