Armour Hills Home Sales Report-Oct 2022

Hope everyone had a relaxing holiday last week! Time to enjoy all the leftovers…! I have one more October sales report to post, regarding home sales in Armour Hills:

October 2022October 2021
Median list price:$490,000$380,000
Median sales price:$507,500$370,000
Days on market: 2 13
No. of homes sold: 4 5

Every house that closed last month was over the list price, and the lowest price was $415K. Interesting fact about the highest closed price: $50,000 over the list price; buyer purchased “sight unseen”. WOW. Below are the year-to-date numbers:

January-October 2022January-October 2021
Median list price:$399,000$372,400
Median sales price:$429,500$382,500
Days on market: 2 2
No. of homes sold: 66 58

Armour Hills isn’t following the Brookside trend this year–more homes have sold so far and values are up 12%! Homes are going under contract quickly with most buyers paying over asking price. Currently there are just two homes for sale in Armour Hills, both have been on the market for a several months–median list price is $449,950 and 98 days on market.

(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.)

Brookside Home Sales Report-October 2022

These things are true: sales of single family homes are slowing, and Brookside homes are generally defying the trend. Those sellers who have well maintained homes in a desirable location, and priced right–buyers are still out there, purchasing in Brookside! Let’s look at the numbers. I’m using the main Brookside zip code of 64113 for the report:

October 2022October 2021
Median list price:$584,475$485,000
Median sales price:$622,500$472,000
Days on market: 3 3
No. of homes sold: 18 27

Last month, of the 18 homes that closed, four homes were over $1,000,000 and 12 closed over $500K. That accounts for the higher median sales price-31% over October 2021! As you can see, most buyers paid over the list price. Houses continue to go under contract within a few days. . Here are the year-to-numbers:

Jan-Oct 2022Jan-Oct 2021
Median list price:$499,000$475,000
Median sales price:$505,500$480,525
Days on market: 3 3
No. of homes sold: 252 279

Comparing the YTD figures, Brookside home values are running 4.84% higher than last year even though less homes have sold. As interest rates have risen this year, some would-be sellers are sitting tight on their fixed low rates rather than have a new mortgage at a much higher price. Less inventory usually pushes prices up. Currently there are 19 homes for sale in Brookside, with a median list price of $525K and 38 days on the market. Four homes are priced over $1,000,000.

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

Armour Hills Home Sales Report – September 2022

It seems there are daily news stories about the housing market; prices falling, sellers dropping prices, there isn’t enough inventory, there is too much inventory, interest rates on the rise…yes, the market changes every day and it’s all true in one way or another. Here in Armour Hills in Brookside, homebuyers are still snapping up the houses that are well priced and well maintained. Let’s take a look at the details:

September 2022September 2021
Median list price:$469,950$399,000
Median sales price:$466,450$405,000
Days on market: 21 4
No. of homes sold: 6 3

Although the median closed price was a little lower than list, compared to September 2021, values are up 15%! The lowest closed price was $345,000 and the highest was $540,000. Here are the year-to-date numbers:

Jan-Sept 2022Jan-Sept 2021
Median list price:$399,000$369,900
Median sales price:$425,000$390,000
Days on market: 2 2
No. of homes sold: 61 53

Overall, home prices are up about 9% this year in Armour Hills, and most homes sell at or above list price. Currently there are six homes listed, with a median price of $421,000 and 21 days on market.

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

Brookside Home Sales Report – August 2022

The home sales market is balancing out a bit since interest rates keep rising…for only the second time this year, most closed sales prices are less than list price–meaning buyers have some negotiating power. Let’s take a look at the stats, using the main Brookside zip code of 64113 for this report:

August 2022August 2021
Median list price:$525,000$524,900
Median sales price:$510,000$510,000
Days on market: 4 3
No. of homes sold: 29 31

Comparing the numbers from August 2021, the list price and sales price are the same; in 2022, every month except August and February, most buyers were paying list price or over. Last month, the ratio from list to sales price dropped almost 3%. The highest closed sale last month was $1,287,000 and the lowest was $255,000. Below are the year-to-date numbers:

Jan-Aug 2022Jan-Aug 2021
Median list price:$499,000$469,995
Median sales price:$510,000$485,000
Days on market: 3 2
No. of homes sold: 209 227

Overall this year, buyers were paying about 2% over the list price; sales prices are up 5% over last year. Interest rates have doubled since the beginning of the year however the well priced, well maintained and updated homes are still selling quickly!

Currently there are 24 active single family homes listed in Brookside, ranging in price from $250K-$4,000,000. The median list price is $502,000; half the listings have prices over $500K.

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

Armour Hills Home Sales Report-July 2022

Buyers keep flocking to Armour Hills as a Brookside home location; although the number of homes closed last month was less than the previous year. I suspect this was due to the higher interest rates that kicked in this Spring. Let’s take a look at the numbers:

July 2022July 2021
Median list price:$399,000$375,000
Median sales price:$410,000$395,000
Days on market: 10 2
No. of homes sold: 5 11

Home values are up 3.7% compared to July 2021. Of the five properties that closed last month, the lowest price was $375,000 and the highest was $452,000 (which was $51K over the list price!). Here are the year-to-date numbers:

January-July 2022January-July 2021
Median list price:$397,000$365,000
Median sales price:$419,000$390,000
Days on market: 2 2
No. of homes sold: 48 45

Compared to the same period last year, home prices are up 7.4% in Armour Hills, and we are on track with the same number of properties changing owners. Currently there are four active listings, ranging from $329,000-$439,900 and 31 days on the market.

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

Waldo Home Sales Report-July 2022

Wonderful Waldo, homebuyers want to live there and prices keep going up as a result! There’s been a big gain in home values compared to last year, as you’ll see with the stats below. Let’s start with the July numbers; I’m using Waldo boundaries of Gregory to 85th and State Line to Holmes for the numbers:

July 2022July 2021
Median list price:$285,000$234,500
Median sales price:$301,000$260,000
Days on market: 3 2
No. homes sold: 35 32

Homes that closed last month were about 5% over the asking price; and values rose 15.7% compared to July 2021. The lowest closed price was $150K and the highest was $525,000.

Here are the year-to-date stats:

January -July 2022January-July 2021
Median list price: $259,000 $250,000
Median sales price: $278,000 $265,000
Days on market: 3 2
No. homes sold: 187 233

Overall, home prices are up 4.9% this year as compared to same period last year. And buyers are still paying over the list price. You’ll note fewer houses selling; 25% less than a year ago. This could be a result of higher interest rates that kicked in this spring.

Currently there are 18 single family homes for sale in Waldo with an average list price of $270,500 and 17 days on the market. Prices range from $139,000 to $485,000.

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

Brookside Home Sales Report-July 2022

We have some interesting home sales stats for this month’s Brookside home sales report–a big increase in price compared to last year, but fewer homes sold. Let’s take a look at the specifics; I am using the main Brookside zip code of 64113 for this info, single family homes:

July 2022July 2021
Median list price:$540,000$434,500
Median sales price:$530,000$460,000
Days on market: 3 3
No. of homes sold: 35 28

Home values rose 15% compared to July 2021, yet many buyers ended up paying just under the list price last month–whereas last July, when interest rates were much lower, buyers were paying over asking price. Homes are still going under contract quickly–within a few days. Last month, four homes closed over $1,000,000; the highest closed sale was $1.7 million and the lowest sale was $310,000. Now let’s look at the year-to-date numbers:

Jan-July 2022Jan-July 2021
Median list price:$495,000$450,000
Median sales price:$510,000$478,000
Days on market: 2 2
No. of homes sold: 181 196

These figures show a 6.5% increase in home prices YTD compared to the same period in 2021; buyers paying about 3% over asking price. Fewer homes sold so far this year; this could be a result of the higher interest rates that started in the Spring. Currently there are 14 active single family homes for sale in Brookside, with an average list price of $429,950 and 20 days on the market.

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

Waldo Home Sales Report – June 2022

Halfway through the year for Waldo home sales and the stats are showing a bit of a slowdown to what we’ve been experiencing for the past several months: buyers are still paying over the asking price, and newly listed homes going under contract within 48 hours. Yet the number of units sold — big drop. Here are the details for single family homes in Waldo; I use the street boundaries of Gregory to 85th St and State Line to Holmes:

June 2022June 2021
Median list price:$240,000$255,000
Median sales price:$250,000$270,000
No. homes sold: 27 49
Days on market: 2 2

There was a 7.4% drop in median sales price compared to June 2021 and fewer homes sold. Part of the reason for this could be the interest rate hikes that started this Spring–that can have an affect on buyers’ budgets. Here are the year-to-date numbers:

Jan-June 2022Jan-June 2021
Median list price:$250,000$255,000
Median sales price:$275,000$265,000
No. homes sold: 149 195
Days on market: 2 2

This chart shows us the number of units closed is down 23% compared to last year, and prices are up 3.7%. Fewer units available for sale pushed the closed price higher as some houses are still experiencing multiple offers for the well maintained, well priced properties.

Currently there are 13 homes listed in Waldo, with a median list price of $314,900 and six days on the market.

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

Armour Hills Home Sales Report- June 2022

Home values in Armour Hills continue to rise, and last month we had the third highest closed sale ever–it’s very rare for an Armour Hills house to sell for over $700K but it happened again! Here are the stats for this Brookside subdivision:

June 2022June 2021
Median list price:$390,000$337,500
Median sales price:$430,000$347,500
No. of homes sold: 9 8
Days on market: 2 2

Overall, home values are up 23% compared to June 2021! The highest sale last month was $701,000 on a list price of $660,000. The lowest sale was $365,000.

Here are the year-to-date numbers:

Jan-June 2022Jan-June 2021
Median list price:$395,000$365,000
Median sales price:$420,000$367,450
No. of homes sold: 43 34
Days on market: 2 2

Compared to the first six months of last year, home values are up 14%; buyers are paying 6% over asking price. With interest rates rising, we’ll see how the end of the year shakes out–if prices come down somewhat. There is still a lot of demand so I don’t foresee a big plunge in home sales at all. Currently there are five homes listed in Armour Hills with an average price of $405,000 and ten days on the market. The ten day figure shows you that at least some homes are not going under contract within 48 hours of listing. Of those five homes, all listed within the three weeks, three of them have had price reductions.

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