Category Archives: Kansas City Home Sales Statistics

Waldo Home Sales Report-Sept 2016

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Waldo continues to attract homebuyers this year..sales are strong, and sellers are getting very close to asking price for their homes. Wonderful Waldo is HOT for homebuyers!!!  Here are the September 2016 stats for single family home sales in Waldo, using the boundaries of State Line to Holmes and Gregory to 85th:

September 2016:

Number of homes sold:    34

Median list price:              $177,000

Median sales price:          $173,750

Average days on market:    31

The lowest sales price last month was $82,000 and the highest was $293,000.  Final sales price was just under 2% of list price.

September  2015:

Number of homes sold:      34

Median list price:              $130,000

Median sales price:          $129,500

Average days on market:    23

Comparing Sept 2016 to Sept 2015 finds a jump in the median sales price–however, this year more of the higher priced homes sold, raising that median price. Notice how fast homes are going under contract–within 30 days of listing.

                                                      2016 / 2015:                                                                                     

Number of homes sold:           310 / 281                                

Median list price:                 $167,694 / $160,000                         

Median sales price:             $167,500 / $156,500

Average days on market:              23 / 34

The trend for 2016 is higher prices, homes selling at or near list price  and homes selling faster.  Good news for Waldo home sellers–and buyers, because they can feel confident they are buying in a desireable area.                                  

Currently in Waldo, there are 33 single family homes for sale at a median list price of $158,000 and 51 days on market.

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

Armour Hills Home Sales Report-Sept 2016

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Checking home sales for Armour Hills September 2016…overall, prices are steadily rising this year.  Let’s look at the numbers:

Sept  2016:                                                           Sept  2015:  

Median list price:      $244,950                      Median list price:        $269,500

Median sales price:  $247,500                       Median sales price:    $265,000

Number of homes sold:  6                               Number of homes sold: 3

Days on market:             39                                 Days on market:           91

You can see median sales price for last month was considerably lower than August 2015.  However, in September 2016, four of the six homes sold at or above list price. Days on market was much less as well.  

Checking year to date figures:

2016, Jan-Sept:                                                          2015, Jan-Sept:

Median list price:      $269,500                              Median list price:      $267,250                      

Median sales price:  $267,000                              Median sales price:  $265,000

Number of homes sold:  61                                    Number of homes sold: 64

Days on market:             26                                      Days on market:            33

Currently there are 8 homes for sale in Armour Hills, with a median list price of $322,500.

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

Waldo Aug 2016 Home Sales Stats

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Waldo continues to attract homebuyers this year..sales are strong, desireable inventory is low.  Here are the August 2016 stats for single family home sales in Waldo, using the boundaries of State Line to Holmes and Gregory to 85th:

August  2016:

Number of homes sold:    47

Median list price:              $150,000

Median sales price:          $158,000

Average days on market:    35

You are reading that correctly–the final sales price was higher than the list price! Last month, half of the homes sold at or above asking price.  The lowest closed price was $56,001; the highest was $338,687.

August 2015:

Number of homes sold:      24

Median list price:              $125,000

Median sales price:          $126,000

Average days on market:    30

That’s a large jump in median sales price compared to August of last year.  Looking at the year to date figures below, you’ll see an increase in price as well as number of units sold:

                                                             2016 / 2015:                                                                                     

Number of homes sold:                270 / 244                                  

Median list price:                 $159,900 / $155,000                         

Median sales price:             $160,000 / $154,200

Average days on market:              22 / 35

                                  

Currently in Waldo, there are 33 single family homes for sale at a median list price of $149,000 and 35 days on market.

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

Armour Hills July 2016 Home Sales Stats

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Home buyers continue to see Armour Hills as a desireable place to purchase a home…the trend continues of buyers paying more than the asking price to purchase in this Brookside neighborhood. Here are the home sales stats for June 2016:  

July  2016                                                                   July  2015  

Median list price:      $254,500                            Median list price:        $274,900

Median sales price:  $256,000                            Median sales price:    $270,025

Number of homes sold:  8                                   Number of homes sold: 12

Days on market:             5                                    Days on market:           42

Of the eight homes that closed last month, five sold at or above list price. One home sold for $25,000 over the asking price!

Checking year to date figures:

2016, Jan-July                                                            2015, Jan-July

Median list price:      $275,000                              Median list price:      $265,000                      

Median sales price:  $274,500                              Median sales price:  $265,000

Number of homes sold:  47                                   Number of homes sold: 57

Days on market:             16                                   Days on market:            33

Although the median price is lower than July 2015, pay attention to the year-to-date figure:  prices are running 3.8% higher in 2016 and spending fewer days on market. Less homes for purchase means prices go up.

Currently there are just 4 homes for sale in Armour Hills, with a median list price of $225,000   and 12 days on market.

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

Brookside Home Sales Report – May 2016

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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

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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

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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

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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

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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

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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.)