Brookside (Kansas City MO) Home Values Up 9% in 2013

Posted on January 20, 2014 by Mary Hutchison

Another year completed…and what a year it has been for Brookside home values! Overall, a hefty increase in average selling price from 2012. Let’s first look at December 2013 figures, then move on to year-end statistics. The numbers below reflect single family home sales in the Brookside (Kansas City MO) zip code of 64113:

In December 2013, 21 homes sold. Average list price was $558,667 and average sales price was $508,900. Average days on market was 99.

In December 2012, 16 homes sold at an average price of $298,788 and 88 days on the market.

Obviously that is a huge jump in average sales price. That’s because a $3.65 million home closed in December (1217 W. 55th St), along with five other homes priced over $500K. These sales pushed the average sales price way up. Days on market were higher in December 2013 because generally it takes longer for the upper bracket homes to go under contract.

Now let’s compare 2012 to 2013 Brookside home sales:

From Jan-Dec 2013, 307 homes sold at an average price of $368,994 and 86 days on market.

From Jan-Dec 2012, 296 homes sold at an average price of $337,524 and 114 days on market.

There was a 9% increase in average sales prices between 2012 and 2013–excellent news for homeowners! Days on market was less as well. In 2013, I saw many more higher priced homes selling in our neighborhood, including several close and over the $1million mark. Brookside has successfully weathered the housing crash and is again a strong area of interest for buyers. Another indication of Brookside’s desirability as a neighborhood is the number of teardowns/new build jobs going up–I’ve seen three projects in varying stages of completion.

As of this writing, there are 69 single family homes for sale in the Brookside zip code of 64113 with an average list price of $729,282. The highest priced listing is at 5550 Ward Parkway, priced at $4.25 million. The lowest listed home price is on the 6400 block of McGee at $159,500. .

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

Upcoming Brookside/Waldo Events: Networking for Brookside/Waldo businesses is Wed Jan 22 from 8-9am at Spay and Neuter KC, 1116 E 59th St.

Armour Hills (Brookside) 2013 Home Sales Report

Posted on January 16, 2014 by Mary Hutchison

All year I have monitored Armour Hills (in Brookside) home sales stats …and I knew the overall rise in prices would be around 10%. Now that the data is in MLS, I am happy to report I was wrong. Average home prices went up way over 10%! I will examine these year end numbers after we review December figures.

In December 2013, 7 homes sold. The average list price was $231,686 and the average sales price was $225,343. Average days on market: 82.

In December 2012, 6 homes sold. The average list price was $241,933 and the average sales price was $231,233. Average days on market: 62.

There was a drop in December average sales price compared to the previous year, and homes ‘sat’ on the market a bit longer. This is because there are fewer buyers at the end of the year, and some of the homes on the market took longer to sell due to condition, price, location.

Here are the Armour Hills home sales stats, comparing 2012 to 2013:

In 2013, 82 homes sold with an average sales price of $262,462 and 59 days on market.

In 2012, 78 homes sold with an average sales price of $219,338 and 83 days on market.

Those figures represent a 17.8% increase in the average Armour Hills home sales price, and homes sold 30% faster than in 2012. I also checked the average price difference from 2011-2012: there was a 3.4% increase in average sold prices. Our average home price has tripled in one year!

Why the huge jump? There were several home sales in our neighborhood that sold for over $300,000 and a few over $400,000. The most expensive sale was $410,000. The lowest sale was located on E Dartmouth, listed at $66,000 and sold for $115,000 (bidding war!); then flipped and sold a few months later for $303,500.

FInally, Armour Hills beat the average Brookside home price increase (based on homes in the 64113 zip code). Sold single family homes in 64113 increased 9% over 2012. I will publish details on overall Brookside home sales in the next blog.

If you are an Armour Hills homeowner–keeping your property well maintained and updated pays off, especially if you plan to sell your home!

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

Brookside Home Sales Stats – Nov 2013

Posted on December 16, 2013 by Mary Hutchison

The year is almost over…and what a year it has been for Brookside home values! Overall, a hefty increase in average selling price from last year. Let’s examine the numbers for November–here are single family home sales stats in the main Brookside zip code of 64113:

In November 2013, 27 homes sold. Average list price was $463,631 and average sales price was $427,150. Average days on market was 78.

In November 2012, 24 homes sold at an average price of $440,492 and 154 days on the market.

There was a significant increase in average sales price compared to last year, and days on market was cut in half. The highest price home that closed in November was in Sunset Hill at 1217 W 55th St for $3,650,000.

Now let’s compare to year-to-date figures:

From Jan-Nov 2013, 285 homes have sold at an average price of $359,103 and 85 days on market.

From Jan-Nov 2012, 280 homes sold at an average price of $340,621 and 115 days on market.

You can see from the figures above that Brookside homes are selling at a higher average price and in a shorter time frame. I think we will end up with a 10% increase in home prices over 2012–will know the exact numbers when I publish year end figures next month.

As of this writing, there are 82 single family homes for sale in the Brookside zip code of 64113 with an average list price of $700,167. The high average list price is due to 31 homes are for sale at a price of $500K or more; ten of the 31 homes are priced over $1million.

Have a happy holiday season!

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

Armour Hills Home Sales – November 2013

Posted on December 12, 2013 by Mary Hutchison

As we wind down to the end of the year, the number of units sold per month in Armour Hills has dropped–following the usual bell curve of home sales during the winter months. Still, average sales price is strong and homes are going under contract faster than last year. Let’s look at the home sales report for Armour Hills in Brookside, November 2013:

In November 2013, 4 homes sold. The average list price was $281,863 and the average sales price was $276,713. Average days on market: 27.

In November 2012, 4 homes sold. The average list price was $234,988 and the average sales price was $225,613. Average days on market: 138.

Average home prices for November of this year are up considerably over last year. As for days on market — less than half of what it was a year ago.

Here are the year-to-date figures:

In the first eleven months of 2013, 74 homes sold with an average sales price of $261,653 and 55 days on market.

In the first eleven months of 2012, 72 homes sold with an average sales price of $218,347 and 84 days on market.

Should I make a prediction? Yes: Armour Hills home prices will have risen about 15% over last year once all the stats are computed next month. We’ll see next month if I’m right!

As of today, there are 15 homes for sale in Armour Hills with an average list price of $261,582. Happy holidays everyone!

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

Armour Hills Home Sales Market Report – October 2013

Posted on November 13, 2013 by Mary Hutchison

It’s just amazing how much home prices have jumped in Armour Hills this year! Buyers are snapping up the updated, well maintained and show – ready homes within a few days of hitting the market! Here are the details for last month:

In October 2013, 9 homes sold. The average list price was $256,078 and the average sales price was $256,211. Average days on market: 24. (note the average sales price here is higher than the list price!)

In October 2012, 5 homes sold. The average list price was $211,780 and the average sales price was $201,720. Average days on market: 61.

Average home prices for October of this year are up 27% over last October, and almost twice the numbers of homes sold, with days on market less than half of the previous year.

Let’s compare year-to-date figures:

In the first ten months of 2013, 70 homes sold with an average sales price of $260,792 and 62 days on market.

In the first ten months of 2012, 68 homes sold with an average sales price of $217,919 and 82 days on market.

Home prices are up over 19% over last year..wow!

As of this writing, there are 15 homes for sale in Armour Hills, with an average list price of $271,142 and 77 days on market.

If you would like specific sales figures from your neighborhood, contact me.

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

Brookside Home Sales Report – Sept 2013

Posted on October 28, 2013 by Mary Hutchison

Brookside home values rise again! That is what I have to report today, after checking the September 2013 single family home sales for our zip code of 64113. Here are the details:

In September 2013, 26 homes sold. Average list price was $400,412 and average sales price was $387,771. Average days on market was 68.

In September 2012, 27 homes sold at an average price of $299,585 and 80 days on the market.

You see a huge jump in the average sales price – almost $100,000. Keep in mind that we have a wide spread of home prices in 64113–when the higher priced homes sell, the average prices jump. Last month, seven homes sold for over $500,000.

Now let’s compare to year-to-date figures:

From Jan-Sept 2013, 246 homes have sold at an average price of $359,384 and 86 days on market.

From Jan-Sept 2012, 227 homes sold at an average price of $318,735 and 106 days on market.

So far this year, average sales prices are up 12.75% over last year!

As of this writing, there are 87 homes for sale in the Brookside zip code of 64113 with an average list price of $647,137 and 123 days on market. Thirty four homes are priced over $500K, and eleven of those are priced at $1million and up, thus the high average list price.

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

Armour Hills Home Sales Statistics – Sept 2013

Posted on October 21, 2013 by Mary Hutchison

Armour Hills subdivision in Brookside

Last week Heartland MLS released the September home sales statistics so it’s time to tell you about Armour Hills activity for last month. Fewer units sold, but average sales price is way up over last year:

In Sept 2013, 5 homes sold. The average list price was $273,180 and the average sales price was $271,260. Average days on market: 25.

In Sept 2012, 11 homes sold. The average list price was $194,870 and the average sales price was $189,610. Average days on market: 85.

That’s a huge jump in average sales price, and less days on market. Our neighborhood has had higher average sales prices overall this year; part of the reason this month for the big jump was in Sept 2012, the majority of the homes sold for under $200K–not normal for Armour Hills.

Let’s compare year-to-date figures:

In the first nine months of 2013, 61 homes sold with an average sales price of $261,468 and 62 days on market.

In the first nine months of 2012, 82 homes sold with an average sales price of $219,205 and 82 days on market.

Although fewer homes are selling this year, the average sales price is up 19% year to date over 2012–a huge increase! In addition, last year lower priced listings were more prevalent due to several short sales and foreclosures in the subdivision.

As of this writing, there are 18 homes for sale in Armour Hills, with an average price of $253,720 and 88 days on market.

If you would like specific sales figures from your neighborhood, contact me!

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

Armour Hills Home Sales Stats – Aug 2013

Posted on September 23, 2013 by Mary Hutchison

Every month I post home sales statistics for Armour Hills and the Brookside zip code of 64113.

Starting this month, I’ve got a simple and easy to read chart for the stats, showing all the information I used to post in paragraph form (click on the chart to increase its size, then lick on your “back” button to return to this page).

Click on the chart to view full size, then click on your “back” button to return to the post.

I think this looks much better: As is the usual pattern, sales are slowing down as we head into the end of the year. The average list price in August is virtually unchanged from 2012, although the average sales price is up almost $10,000. Year-to-date shows the biggest change, as the average Armour Hills home sales price is way up over last year. Just about every month this year, prices are up in our neighborhood from 2012.

As of this writing, there are 15 homes for sale in Armour Hills, with an average list price of $245,206 and 48 days on market. Good news for home sellers and home buyers!

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

Brookside Home Sales Stats – June 2013

Posted on July 24, 2013 by Mary Hutchison

Checking the Brookside home sales statistics for June 2013 (single family homes in zip code 64113), there’s been a bit of a bump in the road compared to the previous months of this year. Unit sales and average price is down, reversing the trend we’ve seen since January. Let’s look at the numbers in detail:

In June 2013, 38 homes sold. The average list price was $313,949 and the average sales price was $308,499. Average days on market: 45.

In June 2012, 53 homes sold. The average list price was $329,457 and the average sales price was $319,169. Average days on market: 117.

Last month (May 2013), the average sales price in Brookside was $395,684. Why the large drop? In this zip code, we have home prices ranging from $150K-$5million. When several of the upper bracket homes sell in one month (those priced over $500K), the average sales price is pushed way up. That’s what happened in May. In June, the highest sales price was $545K. In May 2013, there were four sales over $500,000, including one well over $1million. So we had a much lower average sales price in June.

Let’s compare year-to-date figures:

In the first six months of 2013, 150 homes sold with an average sales price of $333,141 and 94 days on market.

In the first five months of 2012, 135 homes sold with an average sales price of $310,790 and 116 days on market.

Overall, prices are up this year, and it’s taking less times for homes to sell. That’s a good trend!

Currently there are 82 single family homes for sale in zip 64113, with an average price of $769,058. The average sales price is high because 35 of the 82 homes for sale are priced over $500K. As of this writing, the highest priced home is at 5550 Ward Parkway, priced at $50 shy of $5,000,000.

If you would like specific sales numbers for your neighborhood, email me for a report tailored to your area!

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

Armour Hills Home Sales Stats – May 2013

Posted on June 24, 2013 by Mary Hutchison

Armour Hills Homes in Brookside

Wow, look at these average home sale prices for Armour Hills! We are in peak home buying season, and prices are way up compared to last year. Let’s examine May 2013 home sales for Armour Hills:

In May 2013, ten homes sold. Average list price was $266,420 and average sales price was $262,650. Average days on market was 52 days.

In May 2012, seven homes sold at an average price of $232,429 and 90 days on the market.

More homes are selling–that has been a steady trend all year. And as you can see, average sales prices are way up; days on market way down compared to one year ago.

Now let’s compare to year-to-date figures:

From Jan-May 2013, twenty-six homes have sold at an average price of $251,445 and 89 days on market.

From Jan-May 2012, twenty homes sold at an average price of $217,048 and 93 days on market.

More homes are selling this year over last. Average prices are way up as inventory is low, demand is strong and sellers areoffering well maintained, attractive homes for buyers to consider. Also, there are not as many foreclosures and short sales this year. Our neighborhood continues to be a desirable location for homeowners, and the higher prices benefit both buyers and sellers. As of this writing, there are 14 homes for sale in Armour Hills, at an average list price of $$242,839.

(As a side comment, it is interesting how homeowners like to see strong average sales prices in their neighborhoods–yet when their Jackson County home is assessed with a higher value, they want to protest the tax hike!)

If you are thinking of selling your Armour Hills home…now is the right time to get it on the market!