Armour Hills Home Sales Report – January 2022

It’s the last day of February, so I’m slipping in this last home sales report for last month-for Armour Hills. There are some similarities between this year’s January stats compared to last year–the one significant change was the median sales price dipped a bit from a year ago. I seriously doubt this is the start of a trend, though! Here are the numbers for Armour Hills home sales last month, one of the larger subdivisions in Brookside:

January 2022january 2021
Median list price$450,000$500,000
Median sales price$475,000$490,000
No. of homes sold 3 3
Days on market 2 3

Although the median sales price was lower than a year ago, it was 5.5% over asking price. The same number of homes closed; and these homes went under contract even faster. The highest sales price last month was $420,000 and the highest was $493,000. Currently there is just one home for sale in Armour Hills, at a list price of $367,500.

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

Waldo Home Sales Report-January 2022

Waldo home sales are off to a strong start, even in the traditionally slow month of January. If there was more inventory, more homes would sell! Here are the single family home sales for last month in Waldo, using the street boundaries of Gregory to 85th St; State Line to Holmes:

January 2022january 2021
Median list price:$218,500$245,000
Median sales price:$216,250$244,000
No. homes sold: 16 13
Days on market: 3 21

Although there was a decrease in the median sales price compared to last year, that is because more of the larger, higher priced Waldo homes sold in January 2021. Note the wide range of sales prices-typical of Waldo-the lowest closed price last month was $45,000 and the highest was $507,000.

Currently there are just four single family homes for sale in Waldo, with a median list price of $217,000 and nine days on the market.

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

Brookside Home Sales Stats-January 2022

We are starting off the year with….just crumbs out there for homebuyers! The lack of inventory is startling! As we get into the warmer months, more listings will pop on. In the meantime, as usual, any new listings get snatched up very quickly. Let’s take a look at the stats for what sold last month in Brookside, using the zip code 64113, single family homes.

January 2022January 2021
Median list price $585,000$399,000
Median sales price$585,000$432,000
No. homes sold 13 6
Days on market 14 13

There was a 35% increase in the median price of a home compared to a year ago! However, note that we had two million dollar plus sales last month, and the lowest sales price was $370,000; the highest was $2.25 million. Buyers still paying at or over list price.

Currently there are just five homes for sale in Brookside, with a median asking price of $575,000. Two of the five homes are over $1,000,000; all are over $500K. Days on market is 49–primarily due to one very overpriced listing (in my opinion) that’s been lingering on the market for over a month, priced just over $1 million.

If you are thinking of selling-or buying-in Brookside this year, I can help!

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

Armour Hills Home Sales Report-2021

Hi Neighbors! Our subdivision had a healthy increase in home values last year, with most properties going under contract within a couple of days. Prices will not be going down in 2022–that’s a pretty safe prediction! Here are the numbers:

Year20212020201920182017
Median list price365000345000339450315000314500
Median sales price380000344000340000315000312500
Days on market372197
No. homes sold7099828093

The increase in value from 2020 to 2021 was 10.4%, and the increase from 2017 to 2021 was 21.6%. I find it interesting that fewer homes sold; homeowners are staying put in our beautiful neighborhood! The highest sales price last year was a whopping $703,000, and the lowest was $212,000. Note most buyers are paying over list price.

The busy buying and selling season is just a few weeks away–if you plan to be a buyer / seller, now is the time to plan and plot strategy!

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

Waldo Home Sales Report-2021

Every month I post single family home sales stats for Waldo, and each January I write a year end recap with comparisons to the past few years. Waldo home values really exploded last year, due to not enough inventory and multiple offers common. How much higher will they go? The market doesn’t seem to be slowing down at all. So here are the numbers, using sales in the boundaries of Gregory to 85th/State Line to Holmes:

Year20212020201920182017
Median List Price$249,950$223,500$225,000$200,000$175,000
Median Sales Price$260,000$230,000$220,000$205,000$177,250
Days On Market34101912
No. Homes Sold417372354370388

More numbers for you: Waldo home values increased 13% last year, and median sold prices are up 46% since 2017. (Neighbor Brookside had an increase of 14% in 2021.) The lowest closed price last year was $19,600 and the highest was $605,000.

If you plan to buy a Waldo home this year–get prepared now! Waldo continues to be attractive to first time buyers due to it’s central location, abundance of locally owned shops and restaurants, and the charming homes. Wonderful Waldo!

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

Brookside Home Sales Report–2021

So we made it to another year, welcome 2022! From all indications, the housing market for Brookside and Waldo will be just as competitive as it was last year. Not enough inventory for all the wanna be homebuyers. In this blog, I’m giving you sales stats for 2021 with a comparison to the previous four years, for single family homes in the main Brookside zip code of 64113. . You’ll see home values took the biggest jump in 2021:

Zip code 6411320212020201920182017
List Price$459,950$419,000$389,950$405,000$395,000
Sales Price$475,000$415,000$380,000$397,000$387,000
Days on Market 3 8 23 18 20
No. Homes Sold 338 327 300 285 287

In the past five years, Brookside homes have jumped 22.7%, with the largest increase from 2020 to 2021: 14%. The number of homes sold per year has been rising steadily. And you’ll note in 2021, the median sales price was higher than the list price. Last year the highest sold price was $4.2 million, and the lowest was $212,000.

If you are thinking of buying or selling in Brookside this year–start getting prepared now! Sellers can make a plan for decluttering, repairs, paint touch ups and deep cleaning; buyers can get finances and budget in order while talking to agents/lenders and get familiar with the process. It’s going to be another busy year!

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

Armour Hills Home Sales Report-November 2021

This is the last blog of 2021!  Next month I will recap Dec 2021 Brookside/Waldo home sales, with an extended year-by-year comparison.  Today, I’m reporting the Armour Hills sales stats for last month.  Have a safe, healthy and happy holiday everyone!

November 2021                                                     November 2020

Median list price:     $362,500                            $327,000

Median sales price:  $368,000                           $324,500

No. homes sold:          8                                            6

Days on market:       3                                               5

The lowest sales price last month was $302,220—which was $52,000 over list price for a two bedroom, one bath home!!  The highest closed price was $530,000, $15K over asking.  Here are the year-to-date numbers:

Jan-Nov 2021                                                          Jan-Nov 2020

Median list price:      $365,000                           $349,000

Median sales price:   $380,000                          $345,000

No. homes sold:           66                                      85

Days on market:         2                                          5

Home values are up in Armour Hills just over 10% for the year.  Currently there is one home for sale in the subdivision, with a list price of $575,000 and 179 days on market.

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

Waldo Homes Sales Report-November 2021

Gotta act fast if you want to buy a home in Waldo…and it’s been like that all year, even during these slower winter months.  Homes go under contract very fast and buyers usually pay  list price if not more. Here are the stats for November 2021, using the street boundaries of Gregory to 85th St; State Line to Holmes:

November 2021                                                       November 2020

Med list price:     $245,000                                              $259,900

Med sales price:    $245,000                                           $259,900

No. homes sold:    37                                                         27

Days on market:    3                                                           12

Although the median sales price was a bit lower than last November, more homes sold and in less time; also more higher priced homes sold in  November 2020.  The lowest sales price last month was $73,000 and the highest was $503,000.  Let’s check the year-to-date numbers:

Jan-Nov 2021                                                                   Jan-Nov 2020

Med list price:     $249,950                                              $225,000

Med sales price:  $260,000                                             $230,000

No. homes sold:    370                                                      343

Days on market:    3                                                           4

So far this year, sellers are paying an average of 4% over list price; homes are still going under contract very fast (yes I know I say that every month!).  Home values are up 13% compared to last year at this time.

Currently there are 12 active listings in Waldo, with a median list price of $232,450 and 37 days on market. Prices range from $75K to $395,000.

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

Brookside Home Sales Report-November 2021

It’s time to report the November single family home sales for Brookside, and although there was a dip compared to last year, overall prices are way up comparing 2021 to 2020.  Here are the stats, using the main Brookside zip code of 64113:

November 2021                                                      November 2020

Med list price:       $400,000                                            $447,500

Med sales price:  $404,000                                             $465,000

Days on market:      4                                                           5

No. of homes sold:  25                                                      26

The number of homes closed and days on market are consistent; and many buyers are still paying over list price.  The median price is lower because last November, there were three sales over $1,000,000 and none last month.  The highest sales price was $532,500.  Here are the year-to-date numbers:

Jan-Nov 2021                                                                 Jan-Nov 2020

Med list price:     $467,725                                              $415,000

Med sales price:  $475,000                                             $412,500

Days on market:    3                                                           8

No. of homes sold:   310                                                   291

The highest priced sale this year so far is $4.2 million.  Units sold are ahead of last year at this time and sales prices are up 15%!  Currently there are 14 active listings in Brookside, with a median list price of $545,000 and 48 days on market. Prices range from $450K to $4 million.

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

Armour Hills Home Sales Report-October 2021

Hi neighbors!  One more post about October Brookside home sales stats before we move into December. Just like the rest of Brookside, Armour Hills home values took a dip last month compared to a year ago; however overall, prices are up!  Let’s take a look at the numbers:

October 2021                                         October 2020

Median list price:     $380,000                $407,000

Median sales price:  $370,000               $426,250

No. of homes sold:    5                              6

Days on market:         13                           2

Although the median sales price last month was 15% less than October 2020, sales were steady and the highest recorded price-$461,000-was $61K over asking price! Yes, I double checked that number!   Below are the year-to-date numbers:

Jan-Oct 2021                                         Jan-Oct 2020

Median list price:     $372,400                $349,000

Median sales price:  $382,500               $345,000

No. of homes sold:     58                           79

Days on market:          2                             5

The majority of buyers are paying at or over asking price, and homes are going under contract within two days of listing.  So far this year, prices are up just about 10% over last year. Currently there are four active listings in Armour Hills, with a median list price of $452,450 and 42 days on market.

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