Category Archives: Kansas City Home Sales Statistics

Brookside Home Sales Report – May 2018

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Up, up, up….Brookside home values continue to rise in this busy spring/summer buying season.  There is always a lull around Memorial Day..still, due to lack of inventory, prices keep going up because there aren’t enough homes for sale to meet demand, particularly in the under $400K price category.  Here are the home sales stats for May 2018, using the main Brookside zip code of 64113:

May 2018                                                                              May 2017

Median list price:     $374,500                                     Median list price:    $332,500

Median sales price:  $383,500                                   Median sales price:  $341,500

No. of homes sold:      29                                               No. of homes sold:    40

Days on market:          9                                                 Days on market:        4

Homes are still selling in a very short amount of time after they are listed; and sellers are often paying over asking price, possibly due to bidding wars. The highest sale last month was $1.4 million, and the lowest was $221,000–which was $11K over the list price. 

Here are year-to-date stats:

Jan-May 2018                                                                        Jan-May 2017

Median list price:    $399,900                                       Median list price:      $379,995

Median sales price:  $383,500                                   Median sales price:   $360,000

No. of homes sold:      101                                               No. of homes sold:      119

Days on market:         10                                                   Days on market:          18

So far this year,  prices are running 6.5% over the same period last year–and selling quicker.  Currently there are 49 listed single family homes in Brookside, with a median price of $544,000 and 31 days on market. Just 17 of those homes are priced under $400,000.  The lowest list price is $229,000 and highest is $4.25 million.

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

Armour Hills Home Sales Report-April 2018

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Interesting home sales stats for the Armour Hills subdivision last month, and year to date comparisons.  Armour Hills remains a very popular area for homebuyers, due to it’s charming 1920s homes, various price range and styles and location near Brookside and Waldo shops.  First let’s look at the monthly figures:

April 2018                                                           April 2017

Median list price:     $318,500                         Median list price:     $299,950

Median sales price:  $339,500                         Median sales price:  $310,000

No. of homes sold:       8                                  No. of homes sold:      6

Days on market:           6                                  Days on market:        13

Both months show final sales price over list price, and homes going under contract in less than two weeks.  Last month, five homes sold over asking price; one was $38K over and another was $31K over…almost unbelievable, but I see this same thing happening in other parts of the metro area. Compared to April 2017, prices are up 9.5%.

Jan-April 2018                                                               Jan-April 2017

Median list price:     $300,000                                    Median list price:    $314,750

Median sales price:  $300,000                                    Median sales price;  $312,250

No. of homes sold:       21                                           No. of homes sold:     20

Days on market:          7                                              Days on market:         16

Year to date, prices are down just under 4%.  However, note that so far this year, homeowners are getting asking price or over, for the most part.  It’s definitely a strong market favoring sellers. Currently there are 8 homes listed in Armour Hills, with a median price of $342,000 and 31 days on market.

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

Waldo Home Sales Report-April 2018

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Waldo home prices keep creeping up…again last month, many of the homes sold over the list price.  The highest sale was $430K–a whopping $30K over the asking price!  Here are the April 2018 sales stats, using the boundaries of Gregory to 85th St and State Line to Holmes:

April 2018                                                            April 2017

Median list price:    $209,975                           Median list price:    $159,000

Median sales price:  $212,500                          Median sales price:  $161,000

No. of homes sold:      44                                  No. of homes sold:      31

Days on market:        30                                    Days on market:          4

Checking year-to-date figures:

Jan-April 2018                                                     Jan-April 2017

Median list price:     $189,950                          Median list price:      $167,400

Median sales price:  $192,000                          Median sales price:    $170,200

No. of homes sold:      119                                No. of homes sold:       118

Days on market:          18                                  Days on market:           30

The number of homes is steady YTD–median sales price is up 12% over same period last year.  Demand is high, inventory low.  It’s a frustrating market for buyers in Waldo.

Currently there are 20 single family homes for sale in Waldo, with a median price of $244,500 and 12 days on market.  The lowest list price is $124,900 and the highest is $450,000.

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

 

Brookside Home Sales Report – April 2018

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Another month of strong home sales for Brookside, as we are right in the middle of the busy Spring home buying season.  The strongest demand is for the under $300K price range, however most homes in Brookside’s  main zip code of 64113 are priced higher (and in fairness, these higher priced homes are much larger, justifying a higher price). Here are the stats, followed by YTD comparisons:

April 2018                                                                             April 2017

Median list price:     $409,000                                      Median list price:    $399,000

Median sales price:  $397,000                                      Median sales price:  $384,000

No. of homes sold:       21                                             No. of homes sold:    28

Days on market:           6                                               Days on market:       17

The lowest sales price last month was $221,000 (closed at $3K over list price) and the highest was $1.2 million.  

Jan-April 2018                                                                    Jan-April 2017

Median list price:        $404,900                                 Median list price:     $399,000

Median sales price:     $387,000                                 Median sales price:  $393,461

No. of homes sold:       72                                           No. of homes sold:     79

Days on market:           16                                           Days on market:       34

Year to date, median prices have decreased just under 2% from last year, however, part of that decrease is due to the fact the higher priced homes ($500K+) rarely sell for list price.  We’ve had four sales this year over $1 million.  Currently there are 47 active listings in 64113, with just 15 of those homes priced under $400K; highest list price is $4.5 million. Median list price is $535,000 and 33 days on market.

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

Armour Hills Home Sales Report-March 2018

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Home prices in Armour Hills are lower than what they were last year at this time–could the demand for this desirable Brookside neighborhood be slowing down?  I don’t think so–it’s too early in the year to make a definitive judgement.  Here are the stats, with YTD comparison as well:

March 2018                                                        March 2017

Median list price:   $269,500                          Median list price:     $325,000

Median sales price:  $265,000                        Median sales price:   $325,000

No. of homes sold:      4                                    No. of homes sold:     5

Days on market:         33                                   Days on market:        6

You can see the  median sales price is much lower than last year.  One of the reasons the days on market is longer is one particular home in Armour Hills that has been for sale several weeks now.

Here are year-to-date figures:

Jan-March 2018                                                 Jan-March 2017

Median list price:     $279,950                         Median list price:      $320,000

Median sales price:  $275,000                         Median sales price:   $318,500

No. of homes sold:     13                                   No. of homes sold:       12

Days on market:         7                                     Days on market:          22

Currently there are 5 active listings in Armour Hills, with a median price of $457,000 and 41 days on market.

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

 

 

Waldo Home Sales Stats-March 2018

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The Waldo area has home prices ranging from under $100K for a real fixer-upper to updated remodeled homes over $400K.  That wide range of housing prices is one of the most desirable aspects to living in Waldo–along with many locally owned shops, services, restaurants and bars.  Prices continue to rise in Waldo–take a look at these stats from last month:

March 2018                                                          March 2017

Median list price:    $200,000                            Median list price:    $175,000                     

Median sales price:  $217,700                           Median sales price:   $172,700

No. of homes sold:      28                                     No. of homes sold:        36

Days on market:          3                                       Days on market:           40

Sold prices in March 2018 reflected an 8.75% over the list price! WOW. Lots of demand, not much inventory, pushing prices up.  Also, note homes went under contract in three days!  Here are the year-to-date statistics:

Jan-March 2018                                                     Jan-March 2017

Median list price:       $170,000                           Median list price:     $172,900

Median sales price:    $171,500                           Median sales price:   $170,400

No. of homes sold:        72                                     No. of homes sold:     89

Days on market:            15                                    Days on market:         33

Fewer homes have sold in the first quarter of 2018, and that’s because of a lack of inventory–the buyers are there, ready to write offers. Home values are up, and houses going under contract very fast.  I don’t expect a slowdown over the next few months.

Currently there are 17 active single family listings in Waldo, with a median list price of $239,000 and 17 days on market. Lowest price is $64,500 and highest is $385,000 (!).

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

 

Brookside Home Sales Report-March 2018

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The busy spring home buying season is here and buyers are hungry for fresh listings, especially those priced at $350K or less.  Let’s take a look at the Brookside home sales report for March 2018, using the main Brookside zip code of 64113:

March 2018                                                                 March 2017

Median list price:       $429,000                                Median list price:       $395,000

Median sales price:    $394,000                               Median sales price:    $395,000

No. of homes sold:         23                                       No. of homes sold:        23

Days on market:             14                                       Days on market:           34

Notice the median sales price is virtually the same as a year ago, and number of homes sold is the same.  Homes this year went under contract in a shorter amount of time–just two weeks. The lowest sales price last month was $255,000 and the highest was $1.1 million.

Year to date figures below:

Jan-March 2018                                                           Jan-March 2017

Median list price:      $387,450                                   Median list price:       $397,000

Median sales price:   $373,000                                 Median sales price:    $394,000

No. of homes sold:         52                                        No. of homes sold:      50

Days on market:            25                                          Days on market:          37

Although the median sales price is lower YTD this year compared to last, I don’t think that signals an overall slump in sales prices.  We have such a wide range of prices in Brookside–I think the lower median number reflects more ‘lower’ priced homes selling, and that’s where the demand is (not for $500K and over).  Also, note the trend of more homes closing and going under contract in a shorter amount of time compared to 2017 YTD.

Currently there are 33 active listings in zip code 64113.  The median list price is $529,950 and 33 days on market. Prices range from $$249,000 up to $2.89 million.  Sixteen homes are priced over $500K.

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

Armour Hills Home Sales Stats-Feb 2018

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The numbers for these stats are …very unusual !  I double checked all of the figures.  You’ll see the numbers prices are identical–what are the chances of that?  Here are the February and YTD figures for the Armour Hills subdivision in Brookside:

February 2018                                                                  February 2017

Median list price:     $299,000                                      Median list price:     $314,500

Median sales price:  $299,000                                     Median sales price:   $314,500

No. of homes sold:         5                                              No. of homes sold:        5

Days on market:            5                                               Days on market:            38

Last month, three of the five homes sold at or over list price.  It’s definitely a sellers’ market in Armour Hills.  Here are year-to-date figures:

Jan-Feb 2018                                                              Jan-Feb 2017

Median list price:    $299,000                                 Median list price:       $314,500

Median sales price:  $299,000                               Median sales price:     $314,500

No. of homes sold:    9                                            No. of homes sold:       9

Days on market:        5                                            Days on market:          36

For some fluke reason, the median list and sales prices are exactly the same each month comparing the dates.  That’s consistency!

Currently there are seven homes for sale in Armour Hills, with a median price of $348,000 and 12 days on market.

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

 

Waldo Home Sales Report-Feb 2018

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Waldo is again in high demand for home buyers–final sales prices are (at times) thousands of dollars over the list price.  Here are the Feb 2018 single family home sales stats for Waldo, using the area of State Line to Holmes and Gregory to 85th St:

February 2018                                                               February 2017

Median list price:      $149,950                                  Median list price:      $192,950

Median sales price:   $160,000                                 Median sales price:   $180,000

No. of homes sold:          27                                       No. of homes sold:      26

Days on market:              24                                        Days on market:         31

Look at that median sales price, $11K over list price!   Last month there was a one bedroom, one bath home listed at $90K and sold for $110K–$20,000 over asking price for a one bedroom home!  I really feel for the buyers, who get so discouraged losing out in bidding wars.  More inventory will open up over the next three months.

Here are year-to-date stats:

Jan-Feb 2018                                                                    Jan-Feb 2017

Median list price:     $161,250                                    Median list price:      $171,350

Median sales price:  $161,500                                    Median sales price:   $168,375

No. of homes sold:        46                                           No. of homes sold:       52

Days on market:            23                                           Days on market:           31

So far this year sellers are getting at least asking price; many times more than that.  I think many of these lower price range buyers realize–rents are going way up, why pay someone else’s mortgage when you can buy and have a house payment similar to rent? The challenge is finding a well maintained, updated home with a lower budget.  It will be another strong year for Waldo home sales!

Currently there are 16 active listings, with a median price of $218,500 and 6 days on market.

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

Brookside Home Sales Stats-Feb 2018

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It’s early in the year, however home buyers are out shopping–traffic during open houses is very heavy!  There still isn’t very much inventory in the highly sought after $200-$350K price range — and those that do pop on go under contract almost immediately.  Here are the February 2018 single family home sales stats for Brookside, using zip code 64113.

February 2018                                                       February 2017

Median List Price:    $349,950                           Median List Price:      $421,250

Median Sales Price:  $320,000                          Median Sales Price:   $402,000

No. of homes sold:        11                                  No. of homes sold:        14

Days on market:            9                                    Days on market:             43

Although the median sales price was much lower than last year, consider that in Feb 2017, more expensive homes sold, including a $1.2 million dollar property.  Here are year-to-date figures:

Jan-Feb 2018                                                               Jan-Feb 2017

Median List Price:     $399,900                              Median List Price:       $399,000

Median Sales Price:   $376,000                             Median Sales Price      $393,461

No. of homes sold:          27                                    No. of homes sold:         27

Days on market:             9                                       Days on market:             43

The highest sales we’ve had so far this year is $1.7 million in January.

Currently there are 32 homes listed in 64113, with a median sales price of $469,750 and 25 days on market. The lowest priced home is $259,950 and the highest is $2,890,000.  Just one half of the homes listed are under $450,000.  

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