Brookside Home Sales Report – May 2016

Posted on June 17, 2016 by Mary Hutchison

We are in the peak of Spring home buying season…demand is still very strong for our Brookside neighborhood. Here are the single family home sales stats for Brookside (zip code 64113) for last month, and comparisons to last year:

May 2016

Median list price: $364,500

Median sales price: $360,500

Average days on market: 43

Number of homes sold: 37

(Lowest sales price was $182,000; highest sales price was $1.275 million.)

May 2015:

Median list price: $322,500

Median sales price: $312,500

Average days on market: 29

Number of homes sold: 46

Now let’s check year to date figures:

2016

Median list price: $373,750

Median sales price: $367,950

124 homes sold; average 41 days on market

2015

Median list price: $325,000

Median sales price: $319,250

118 homes sold; average 41 days on market

Comparing the year to date median sales prices, Brookside homes are selling for 15% more than last year. Wow. Do keep in mind that the numbers can be skewered somewhat each month depending if more lower priced homes sell (under $500K) or higher (over $500K and over $1,000,000). Our zip code has a wide range of home prices, depending on size, location, updating. However, the important point is that homes are gaining value, and buyers know that Brookside is a desirable place to live!

Currently, there are 46 active single family home listings in the Brookside zip code of 64113. The median list price is $687,000..because just seventeen of those homes are priced under $500K; ten are priced over $1 million. (All figures taken from Heartland MLS; deemed reliable but not guaranteed)

Armour Hills April 2016 Home Sales Report

Posted on May 26, 2016 by Mary Hutchison

Brookside homes continue to sell quickly this spring, and the Armour Hills subdivision is no exception. New listings go under contract almost immediately. Here are the April 2016 home sales stats for Armour Hills:

April 2016: April 2015:

Median list price: $319,900 Median list price: $270,000

Median sales price: $319,900 Median sales price: $267,250

Number of homes sold: 7 Number of homes sold: 6

Days on market: 4 Days on market: 24

You can see the big jump in median price: five of the seven homes sold last month were at or above the list price.

Checking year to date figures:

2016, Jan-April: 2015, Jan-April:

Median list price: $259,750 Median list price: $265,000

Median sales price: $258,500 Median sales price: $265,000

Number of homes sold: 18 Number of homes sold: 23

Although the stats are showing prices are lower than last year at the same time, no cause for alarm. Prices in Armour Hills can vary from the low $200s to well over $400K. Overall, demand is very strong and sellers are getting top dollar for well maintained, updated homes.

Currently there are 3 homes for sale in Armour Hills, with a median list price of $279,900 and seven days on market.

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

Brookside Home Sales Report – April 2016

Posted on May 18, 2016 by Mary Hutchison

We are in the peak of Spring home buying season…and I’m here to report demand is still very strong for our Brookside neighborhood. Still not enough inventory for sale, especially in the $500K and less price catagory. Here are the single family home sales stats for Brookside (zip code 64113) for last month, and comparisons to last year:

April 2016

Median list price: $375,000

Median sales price: $371,500

Average days on market: 41

Number of homes sold: 30

(Lowest sales price was $215,000;; highest sales price was $1.1 million.)

April 2015:

Median list price: $389,900

Median sales price: $380,000

Average days on market: 31

Number of homes sold: 27

Now let’s check year to date figures:

2016

Median list price: $384,000

Median sales price: $376,250

86 homes sold; average 38 days on market

2015

Median list price: $327,000

Median sales price: $322,500

72 homes sold; average 54 days on market

You can see how fast prices are rising year-to-date compared to last year, plus the median price is going up. When there aren’t many homes for sale, prices are pushed up and often there are multiple offers over asking price for new listings. It is definitely a sellers’ market right now.

Currently, there are 40 active single family home listings in the Brookside zip code of 64113. The median list price is $609,500! That’s because over half–24–of the homes for sale are priced over $500K. The homes listed priced under $450K are generally under contract very fast. (All figures taken from Heartland MLS; deemed reliable but not guaranteed)

Brookside Jan 2016 Home Sales Report

Posted on February 15, 2016 by Mary Hutchison

Home sales typically start off slow every year..that’s what is happening in Brookside as we kick off housing market reports for 2016. Why do sales drag early in the year? I’ll provide some answers after reporting Brookside home sales (using zip code 64113) for January 2016:

In January 2016, eight homes sold. The median list price was $369,500 and the median sales price was $367,500. Average days on market: 25. The highest sales was $441,500 and the lowest was $262,500.

In January 2015, nine homes sold. The median list price was $325,000 and the median sales price was $315,000. Average days on market: 24.

Stats were about the same as a year ago, as in number of homes sold and days on market. You’ll notice that median sales price jumped up. (Brookside home prices rose 11% from 2014 to 2015.) Prices can vary wildly in the Brookside zip code, so numbers can be skewed depending on how many higher priced homes close in any given month.

So why are home sales slow early in the year? A few reasons: the weather isn’t great the first few months of the year (homes always look better in the Spring!); home sellers are getting their homes ready to list (freshening up the inside, decluttering, making improvements); and many families want to move once school lets out for the year. There just isn’t much inventory for buyers to choose from in the first quarter–which can actually be an advantage for those sellers who have homes prepped and ready to market in February and March. Interestingly, there were ten homes that were listed–and then went under contract–last month. Demand is strong!

Currently there are 48 homes for sale in Brookside, with a median list price of $579,000 and 97 days on market. Sixteen homes are priced over $1,000,000. There is a lack of inventory in the $225-$300K price range. If you would like specific information about home selling in your area-contact me at mary.hutchison@kansascityhomes.com

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

Armour Hills 2015 Home Sales Report

Posted on January 21, 2016 by Mary Hutchison

As I was reporting monthly stats on Armour Hills homes throughout last year, I knew the trend was rising prices. We’ve had a big increase in our home values–that’s good news for both sellers and buyers! Let’s take a look at the specific numbers:

In 2015:

*79 homes sold

*Median list price: $269,500

*Median sales price: $265,000

*Average days on market: 34

The highest sales price in Armour Hills was $461,000; the lowest was $139,000.

In 2014:

*70 homes sold

*Median list price: $239,950

*Median sales price: $236,500

*Averages days on market: 32

The highest sales price in Armour Hills that year was $474,000; the lowest was $125,000.

A few more homes sold in 2015 than 2014, and the median sales price jumped 12%!

It’s good news for both buyers and sellers because…buyers want to purchase in an area where home values are going up (not down); and sellers want to continue to gain equity in their homes. I expect 2016 to be a strong year for Armour Hills homes sales as well. If you are thinking of buying or selling this year…contact me for an even more detailed analysis of our neighborhood home sales (mary.hutchison@kansascityhomes.com).

Brookside Home Prices Up Over 10% in 2015

Posted on January 18, 2016 by Mary Hutchison

Here we go, Brookside neighbors….a recap of 2015 home sales for our area. The good news? Prices are up. The bad news? Not much desireable inventory in the critical $225-325K price range. I am reporting closed single family home sales for the Brookside zip code of 64113:

In 2015:

* 342 homes sold.

* The median list price was $337,750; the median sales price was $309,475.

* Average days on market: 39.

*Seven homes sold for over $1 million. Highest sales price was a $1.8 million home on West Meyer Blvd.

*53 homes sold for over $500K.

In 2014:

*289 homes sold.

*The median list price was $307,000; median sales price was $295,000.

*Average days on market: 41

*Two homes sold over $1 million.

*42 homes sold for over $500K.

These number show us that prices are going up, and more homes are selling. The days on market are virtually the same (days on market is how long a home sits before going under contract). Upper bracket buyers (for homes $500K and up) were more active in 2015 than the previous year.

Now let’s look at a few more figures to show trending home prices. Below are the median sales prices for each year and how many units sold:

2013: $295,000 median sales price; 307 homes sold.

2012: $277,000 median sales price; 296 homes sold.

2011: $249,000 median sales price; 210 homes sold.

In 2015, prices increased in Brookside 11% over the previous year.

Since 2011, we’ve seen a 32% increase in prices in our neighborhood!!!

We continue to have a thriving, desirable location for buyers of all price ranges here in Brookside. For those sellers who maintain their properties, keep them updated and move in ready–expect to have a quick sale, especially in the $225-$300K price range. Lower priced homes that need a lot of updating and repair also go under contract quickly–they are ‘flipped’ by investors.

Need more detailed information about home sales in your area? Contact me at mary.hutchison@kansascityhomes.com.

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

Armour Hills Home Sales Stats – Nov 2015

Posted on December 16, 2015 by Mary Hutchison

Good morning neighbors! Are you in the thick of holiday hoopla? Just imagine moving during this hectic season! We had a few homes close last month in Armour Hills, and prices continue to rise. Here are the details for single family home sales In Armour Hills in November 2015:

In November 2015, four homes sold with a median list price of $274,950 and a sales price of $276,000 with 70 days on market. Interestingly, three of the four homes sold were on East Winthrope.

In November 2014, six homes sold with a median list price of $264,950 and a median sales price of $259,500 with 67 days on the market.

You will notice that the median sales price was higher than the list price–that is because one of the homes probably had closing costs added to the list price. The other homes sold very close to list price.

Checking year-to-date figures:

From January through November 2015, 73 homes have sold with a median list and sales price of $265,000 with 34 days on market.

From January through November 2014, 61 homes sold with a median list and sales price of $239,950 and sales price of $239,950 with 31 days on market.

It is unusual to have the list and sales price be the same figure. However, buyers are paying top dollar to move into Armour Hills..when the property is priced correctly.

So far this year median sales prices are up over 10% compared to 2014 for Armour Hills. Next month I will have the usual December figures as well as a year to date comparison for the past few years. Currently there are 5 homes for sale, with a median list price of $249,500 and 88 days on market.

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

Armour Hills Home Sales Report Oct 2015

Posted on November 19, 2015 by Mary Hutchison

Autumn is the prettiest season in Armour Hills…soon all the colorful leaves will be gone, and we’ll see naked sticks outlining the sky. I also think the trees look the brightest when the skies are a dull gray color. We have a few new households arrive in our neighborhood last month…welcome! Here are details for single family home sales In Armour Hills as of last month:

In October 2015, four homes sold with a median list price of $244,475 and a sales price of $243,000 with 23 days on market.

In October 2014, six homes sold with a median list price of $231,950 and a median sales price of $219,750 with 30 days on the market.

Prices are up compared to last October, and sellers are getting very close to the list price for their homes.

Checking year-to-date figures:

From January through October 2015, 69 homes have sold with a median list price of $265,000 and a median sales price of $265,000 with 32 days on market.

From January through October 2014, 55 homes sold with a median list price of $239,950 and sales price of $239,950 with 28 days on market.

Did you notice the median list price and sales price are the same figure for both?? Buyers are paying top dollar to move into Armour Hills..when the property is priced correctly.

As you can see, we are still way ahead as far as number of homes sold and median sales price compared to 2014. Currently there are five homes for sale, with a median list price of $229,000 and 97 days on market.

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

Brookside Home Sales — August 2015 Report

Posted on September 22, 2015 by Mary Hutchison

This blog may give you a feeling of deja vu.. once again I am reporting strong home sales for Brookside in August 2015…as I have been all year. Prices are up, inventory is down, and many homes are selling within days of being listed. Here are the single family home sales for last month in the Brookside zip code of 64113:

In August 2015, 30 homes sold. The median list price was $382,000 and the median sales price was $363,750. Average days on market: 27. Twelve homes sold over the $400K mark.

In August 2014, 23 homes sold. The median list price was $375,000 and the median sales price was $357,000. Average days on market: 53.

The lowest sale price last month was $142,500 and the highest was $1,257,500 for a Sunset Hills home on W. 56th St. Note the days on market were fewer –this August it was less than 30 days before a house was under contract on average.

Checking year to date figures:

From January through August 2015, 246 homes sold with a median list and sales price of $325,000 and 38 days on market.

From January through August 2014, 187 homes sold. The median list price was $320,000 and median sales price was $311,000 and 36 days on market.

Currently there are 57 single family homes for sale in the Brookside zip code of 64113, with a median list price of $539,900 and 80 days on market. The lowest listing is priced at $199,500 and the highest is just under $4 million. Over half the homes (40) are priced over $500,000, which ramps up the median listing price.

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

Armour Hills Home Prices Drop in 2014

Posted on January 22, 2015 by Mary Hutchison

Overall, Brookside home values were up for the year 2014. However, in Armour Hills, we experienced a drop in home prices. This is unusual, as we finished 2013 up about 15% from 2012. Let’s take a look at the numbers, starting with December:

In December 2014, 9 homes sold. The median list price was $239,900 and the median sales price was $236,000. Average days on market: 55.

In December 2013, 7 homes sold. The median list price was $229,000 and the median sales price was $224,900. Average days on market: 20.

Here are the Armour Hills home sales stats, comparing 2013 to 2014:

In 2013, 82 homes sold with a median sales price of $249,000 and 20 days on market.

In 2014, 70 homes sold with a median sales price of $236,000 and 31 days on market.

Those figures represent a drop of just over 5% in sales price. Why? In 2013, 22 homes sold at a price of $300K or higher, and 12 sold under $200K. In 2014, we had just 15 homes sell over that $300K figure and 17 sell at $200K or less. Overall, for sale homes were priced less and sold for less than the previous year. I’m not concerned about the difference–Armour Hills is still a desirable area for homeowners and when homes are well maintained and updated, buyers will pay more. For our zip code of 64113, there was an increase in prices of 3.72% from 2013 to 2014.

Currently there are 11 homes for sale in Armour Hills, with a median price of $269,900 and 85 days on market. Hopefully we will experience a rise in 2015 in Armour Hills home values.

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

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