Brookside Home Sales Report Feb 2013

Posted on April 8, 2013 by Mary Hutchison

The busy spring home buying season is here, and are very strong so far in 2013. Our Brookside neighborhood is experiencing fast sales and higher average sales prices. Here are the home sales stats for February 2013 and a year-to-date comparison with 2012 for the main Brookside zip code of 64113:

In February 2013, 14 homes sold. The average list price was $368,032 and the average sales price was $356,910. Average days on market: 135.

In February 2012, 11 homes sold. The average list price was $315,286 and the average sales price was $296,289. Average days on market: 144.

Average sales price from one year ago is 20% higher! Days on market is slightly less. This is great news for sellers–home values are increasing, which means your home has more equity.

Let’s compare year-to-date figures:

In the first two months of 2013, thirty homes sold with an average sales price of $305,493 and 102 days on market.

In the first two months of 2012, twenty homes sold with an average sales price of $318,734 and 134 days on market.

Note that the average price for 2013 is a bit less. The reason? More expensive homes sold in 2012 and fewer homes sold, pushing the average price up. In 2013 we’ve had more units sold and fewer days on market–that is the right direction for a healthy market.

Currently there are 80 single family homes for sale in zip 64113, with an average price of $682,126 and 157 days on market. The average list price is very high; usually it is in the lower to mid $300,000 range. However, 30 of the 80 homes currently for sale are priced over $500,000 and ten of the 30 are priced over $1,000,000. There are many ‘upper bracket’ homes for sale which pushes up the average sales price.

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.)

Brookside Home Sales Report Jan 2013

Posted on February 26, 2013 by Mary Hutchison

Everyone is snowed in today in Brookside! Luckily, my house still has power, many of my neighbors do not. Back to work now after shoveling the driveway and sidewalk! Let’s review the January 2013 single family home sales in the main Brookside zip code of 64113:

In January 2013, 16 homes sold. The average list price was $278,488 and the average sales price was $260,503. Average days on market: 73.

In January 2012, 8 homes sold. The average list price was $357,933 and the average sales price was $346,167. Average days on market: 123.

Don’t be alarmed that the 2013 list/sales price was so much lower. Although there were twice as many sales in January 2013 than 2012, in 2012 five of the eight homes sold over $300K. In 2013, five homes sold over $300K but the rest of the homes sold at a much lower price, therefore bringing down the average sales price. The market continues to improve over last year as homes are selling much faster–73 days on the market vs 123 in 2012.

Figuring the percentages, home sales were up in Brookside 50% in January 2013 from 2012, and homes were selling about 50% faster than the previous year! Good news all around.

Currently there are 65 single family homes for sale in zip 64113, with an average price of $734,581 and 201 days on market. The average list price is much higher than usual because about half (30) of the 65 homes for sale are priced over $500K, and 11 of the 30 are priced over $1 million. The more expensive homes take longer to sell; thus the higher days on market. Overall, the Brookside housing market has recovered from the housing crash and I think sales will be very strong during the busy spring buying season, even beating last year’s strong numbers.

Armour Hills Gardens 2012 Home Sales Report

Posted on January 31, 2013 by Mary Hutchison

Brookside is always an attractive neighborhood for first time buyers who are on a limited budget. One of my favorite more affordable areas in Brookside is Armour Hills Gardens. Buyers can usually purchase a three bedroom, two bath home with a one or two car garage in a price range of $210-$230K, depending on condition and location.

Anna and Dave bought an Armour Hills Gardens house in 2012

Armour Hills Gardens is bounded by E 65th St to the north, Oak to the west, Holmes to the east and E 69th St to the south. Unlike its’ neighbor Armour Hills to the west (where I live), Armour Hills Gardens homes were generally built in the 1940s and don’t have some of the older architectural charm of its’ western neighbor. Still, characteristics of these homes include a stone or brick front, screened in porch, private driveway, and sometimes an attached garage. The location is convenient, close to nearby schools and St Peter’s Catholic Church, UMKC, Brookside shops and the Plaza/Westport area. Frequent city service runs along Oak St.

Here are year end single family home sales stats for Armour Hills Gardens in Brookside:

In 2012, 20 homes sold, with an average list price of $224,624 and an average sales price of $220,025. The lowest sale was $122,000 and the highest was $345,000.

In 2011, 13 homes sold, with an average list price of $237,427 and an average sale price of $230,469.

Armour Hills Gardens home with stone front

Note there were more homes sold in 2012, reflecting a stronger housing market coming back from the recession. The average sales price was almost $10K lower. This can be explained by more lower priced (foreclosure/short sales included) homes sold in 2012, which brings down the average sales price. Armour Hills Gardens is a very desirable area, and if a home goes on the market that is priced well and updated, it sells quickly.

Currently there are seven homes for sale in the subdivision with an average price of $197,000. Inventory is low! If you are considering a home purchase in the Brookside area, check out Armour Hills Gardens. I’ve sold several homes in the subdivision and my clients love the neighborhood!

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

Brookside Home Sales Stats November 2012

Posted on December 26, 2012 by Mary Hutchison

I hope everyone is enjoying the holiday season! Some folks will be celebrating Christmas in new locations next year–I’ve sold three homes in the past month, thank you Santa. The market for Brookside homes continues to climb as you can see from the November 2012 home sales statistics. Below I have recapped last month’s sales for the main Brookside zip code of 64113, along with a comparison to one year ago and year -to-date figures:

In November 2012, 23 single family homes sold. The average list price was $474,961 and the average sales price as $448,991. Average days on market: 159.

In November 2011, 22 single family homes sold. The average list price was $383,625 and the average sales price was $344,813. Average days on market: 176

That’s a large jump in the average sales price–almost $100,000! However, when more expensive homes sell (over $500K), the average price jumps. These pricey homes are not lingering on the market as long as they once were–they are selling faster.

Checking year-to-date figures:

From January-November 2012, 278 single family homes sold with an average sales price of $341,475 and 115 days on market.

From January-November 2011, 196 single family homes sold with an average sales price of $307,185 and 143 days on market.

Again we see the average sales price much higher this year, which has been consistent for the past several months. I think final 2012 unit sales and average price will surpass 2011 by almost 10%. Spring buyers won’t be able to bargain substantial dollars off the list price with higher comparable priced sold properties. And if you are a seller…get ready to take advantage of the upcoming busy spring market!

If you would like detailed information on sales in your area, contact me for a personalized report.

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

Armour Hills Home Sales Stats October 2012

Posted on November 8, 2012 by Mary Hutchison

Finishing up the tenth month of the year…home sales in Armour Hills continue to outperform 2011, however in October there was a lower average sales price. Let’s check the stats:

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.

In October 2011, 4 homes sold. The average list price was $233,175and the average sales price was $223,525. Average days on market: 93.

The average sales price for October 2012 is lower than what’s been trending this year, but last month there was one sale at $80,000, which is unusually low for our area. This sale brought the average price down. Still, comparing to 2011, one more home sold and days on market are down by 30 days over last year!

Year to date, 67 homes have sold in Armour Hills, at an average sales price of $218,202 and 76 days on market. From January–October 2011, 48 homes sold at an average price of $212,643 and 119 days on market. We are experiencing lower days on market and an average sales price that’s higher than last year. This trend has been consistent since January.

I think we are past the bottom of the housing market in Armour Hills, and on an upward trend that should continue…if interest rates stay low and the economy stays on the recovery track.

Interested in home prices and sales trends in your area? Email me and I’ll provide the information. In a few days I will post home sales stats for the Brookside zip code of 64113–also showing better sales activity than last year.

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

Brookside Home Sales Report September 2012

Posted on October 19, 2012 by Mary Hutchison

WOW, the figures I have to report this month for housing sales in Brookside are pretty amazing! More homes are selling, and at higher prices. Buyers believe in the value of a Brookside address…that is obvious from the increased prices and all the renovations and room additions you see while cruising through the neighborhood blocks.
Here are the home sales statistics for September 2012, plus year-to-date figures. I am using the main Brookside zip code of 64113 for this report on single family home sales: Continue reading →

Armour Home Sales Up Again in September

Posted on October 15, 2012 by Mary Hutchison

Hello neighbors! Good news to report about Armour Hills homes sales again. Prices and number of units sold continue to increase. Read the details below for Armour Hills home sales, September 2012:

In September 2012, 10 homes sold. The average list price was $209,365 and the average sales price was $203,460. Average days on market: 48.

In September 2011, 4 homes sold. The average list price was $226,600 and the average sales price was $217,375. Average days on market: 89.

The average sales price for September 2012 is lower than what’s been trending this year, but last month there were two sales below $100K, which is very low for our area. These sales brought the average price down. Still, comparing to 2011, more homes sold and less time on market!

Year to date, 62 homes have sold in Armour Hills, at an average sales price of $219,531 and 77 days on market. From January-August 2011, 44 homes sold at an average price of $211,872 and 125 days on market. We are experiencing lower days on market and an average price over $7000 higher than last year!

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

Armour Hills Home Sales Statistics- July 2012

Posted on August 15, 2012 by Mary Hutchison

Time for our monthly review of home sales in Armour Hills! Homes are selling quickly in our neighborhood. Let’s review the stats:

In July 2012, 9 single family homes sold. The average list price was $225,422 and the average sales price was $224,111. Average days on market: 53.

In July 2011, 5 single family homes sold. The average list price was $226,460
and the average sales price was $224,470. Average days on market: 80.

Almost twice as many homes sold this year, although the average sales price is virtually unchanged. Days on market is shorter, which is good news for sellers. Also, notice how the average sales price is just about $1000 less than the list price.

Now let’s look at year-to-date figures:

From January-July 2012, 44 single family homes sold. Average sales price was $220,406. Average days on market: 89.

From January-July 2011, 30 single family homes sold. Average sales price was $210,151. Average days on market: 137.

Year-to-date, average sales price has jumped up $10,000 from last year, more homes have sold and days on market has shortened by almost seven weeks! In addition, we had a home sell last month for $382,500–a very robust sales price for Armour Hills.

It will be interesting to see if these trends continue in the Fall, a traditionally slower time for sales. Currently there are 18 homes for sale in Armour Hills, with an average list price of $245,975 and 126 days on market. If you would like moer specific information on home sales in the Brookside area, contact me!

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

Average Price of Brookside Homes..Going Up!

Posted on July 16, 2012 by Mary Hutchison

Yes, home prices in Brookside are going up…and that is good news for both buyers and sellers! I’ll explain why after we get through the stats. All figures are for single family homes in zip code 64113, the main Brookside zip code:

In June 2012, 53 homes sold. Average list price was $329,457 and average sales price was $319,169.

In June 2011, 34 homes sold. Average list price was $305,192 and average sales price was $289,060.

That’s a 10% increase! Let’s compare year-to-date:

From January-June 2012, 135 homes sold, with an average sales price of $310,790.

From January-June 2011, 107 homes sold, with an average sales price of $298,802.

That’s a 4% increase from last year. Notice the number of homes sold increased for each period as well.

Higher average sales prices can be explained a number of ways: fewer foreclosures and short sales dragging prices down; pent-up demand from buyers who finally decide to buy; less inventory pushes prices higher; continued record-low interest rates. The higher average prices favor sellers who make more money from the sale of their home. This year’s buyers are paying more than last year, however, they can feel more confident about purchasing in a still desireable location where homes are gaining, not losing, value. I’m predicting the overall sales and average price for 2012 will be higher than 2011.

If you would like home sales statistics for your particular location, email me!

(Note: all figures taken from Heartland MLS, deemed reliable but not guaranteed)

Armour Hills and Brookside Home Sales Statistics April 2012

Posted on May 29, 2012 by Mary Hutchison

I have not been blogging for several weeks…too busy with work, two graduations, and a great family vacation to New York City! Back in the saddle today, and want to post home sales stats for April for the Brookside area…there is good news!!

Armour Hills subdivision

In April 2012, six homes were sold. The average list price was $231,125 and the average sales price was $227,275. Average days on market: 42.

In April 2011, three homes sold. The average list price was $224,450 and the average sales price was $209,333. Average days on market: 84.

Currently there are 23 homes for sale in Armour Hills, with an average list price of $241,791.

Average sales prices are up, and days on market are down! Now let’s look at the main Brookside zip code of 64113:

64113 Zip Code

In April 2012, fifteen homes sold. The average list price was $302,167, and the average sales price was $295,377, Average days on market: 53.

In April 2011, nineteen homes sold. Average list price was $248,160 and average sales price was $239,931. Average days on market: 98.

Again, average sales prices are up, days on market are down. Less units sold, but the higher sales prices and lower days on market shows buyers are committing to purchases.

Currently, there are 115 homes for sale in zip 64113 with an average list price of $566,033. The upper end homes are not selling as quickly as those priced under $350K, thus the higher average list price.

Would you like information on home sales in your area? Email me!

(All information based on single family home sales. Stats taken from Heartland MLS, deemed reliable but not guaranteed.)

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