Category Archives: Kansas City Home Sales Statistics

Armour Hills Home Sales Statistics – Sept 2013

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Armour Hills subdivision in Brookside

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

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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).

Screen Shot 2013-09-23 at 1.43.23 PM

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

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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

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Armour Hills Homes in Brookside

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!

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

Brookside Home Sales Stats April 2013

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Fellow Brooksiders, our home values continue to rise this year!  Let’s check the numbers for April  2013 single family home sales in the main Brookside zip code of 64113:

In April 2013, 20  homes sold.  The average list price was $329,900 and the average sales price was $318,161.  Average days on market: 71.

In April  2012, 15  homes sold.  The average list price was $302,167 and the average sales price was $295,377.  Average days on market:  53.

The average sales price jumped quite a bit compared to last year, although fewer homes sold.  

Let’s compare year-to-date figures:

In the first four months of 2013, 82  homes sold with an average sales price of $323,316  and 82  days on market.

In the first four months of 2012, 55 homes sold with an average sales price of $306,528 and 91 days on market.

More homes are selling, at a higher average price, in about the same amount of time as last year.

Currently there are 83 single family homes for sale in zip 64113, with an average price of    $815,047  and 123  days on market. The average sales price is high because 37 of the 83 homes for sale are priced over $500K.  The highest priced home currently is at 55th and Ward Parkway, for sale at $5.4 million.

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 April 2013

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Armour Hills Homes in Brookside

Armour Hills Homes in Brookside

Examining the Armour Hills home sales report for last month, I see a little glitch–a  much lower average sales price than we’ve been experiencing recently.  Let’s look at the details:

In April 2013, four homes sold.  Average list price was $202,488 and average sales price was $207,643.  Average days on market was 69 days.  

In April 2012,  six  homes sold at an average price of $227,275  and 40 days on the market.

What happened?  Why the big drop in average sales price?  Why was the average list price lower than the average sales price?  Here’s my theory:  one foreclosure sold last month, and the list price was $66,000.  I think there was a bidding war  for the house, so the price was pushed up to  $115,000.  Because just four  homes sold, this one deal really affected the stats for the  month.

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

In  2013, sixteen  homes have sold (January through April) at an average price of $244,442 and 103 days on market.

In  2012, thirteen homes sold the first four months of the year at an average price of $208,765 and 56 days on market.

More homes are selling this year over last.  Overall, average prices are up and will continue to rise as inventory is low, pushing prices higher.  This year, the overall days on  market is longer than last year, but I think that will balance out as we continue to experience strong sales in the busy spring buying season.  Already this year, several homes have been flipped by rehabbers, sending prices higher.  As of this writing, there are 18 homes for sale in Armour Hills, at an average price of  $267,300.  

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

Brookside Home Sales Statistics March 2013

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Brookside !

Brookside !

Fellow Brooksiders, our home values continue to rise this year!  Average sales price is up about 5% from 2012.  Let’s check the numbers for March 2013 single family home sales in the main Brookside zip code of 64113:

In March 2013, 32  homes sold.  The average list price was $361,795 and the average sales price was $343,247.  Average days on market: 108.

In March 2012, 20 homes sold.  The average list price was $315,270 and the average sales price was $302,685.  Average days on market:  113.

The average sales price jumped quite a bit compared to last year; also, more homes sold.  Days on market were relatively the same.  

Let’s compare year-to-date figures:

In the first three months of 2013, 62  homes sold with an average sales price of $324,979  and 86  days on market.

In the first three  months of 2012, 40 homes sold with an average sales price of $310,709 and 105 days on market.

More homes are selling, at a higher average price, and in a shorter amount of time.

Currently there are 70 single family homes for sale in zip 64113, with an average price of   $720,069  and 95  days on market.   The average list price is  high because 31 homes are priced over $500K, and ten of the 31 are priced over $1million.  The highest priced home for sale right now is at 5550 Ward Parkway at $5.195 million.  These figures show us that the moderately priced homes are selling quicker, while the more expensive homes tend to sit on the market longer.  Having so many high priced homes for sale 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.)

Armour Hills Home Sales Stats-March 2013

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Armour Hills Homes in Brookside

Armour Hills Homes in Brookside

These home sales statistics for March 2013 show just how hot the real estate market is for Brookside right now!    I am reporting Armour Hills stats today, and will write about the Brookside zip of 64113 within the next couple of days.  The figures below show a big jump in average sales prices:

In March 2013, six homes sold.  Average list price was $275,625 and average sales price was $268,167.  Average days on market was 167 days.  Two homes sold  for over $300K.

In March 2012, four homes sold at an average price of $181,325  and 92 days on the market.

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

In  2013, twelve  homes have sold (January through March) at an average price of $264,058 and 114 days on market.

In  2012, seven homes sold the first three months of the year at an average price of $192,900 and 71 days on market.

More homes are selling this year over last.  Average prices are way up and will continue to rise as inventory is low, pushing prices higher.  The average price of an Armour Hills home in March 2012 was unusually low–this can be attributed to more foreclosures selling last year, and some lower priced, fixxer-upper priced homes going under contract.  Although the average days on market is trending longer this year than last–this isn’t something to be alarmed about.  The houses that sit are the ones that need lots of work, or are in a foreclosure/short sale situation.  I’ve seen several Armour Hills homes go under contract this spring within a few days of being listed.

Rising home prices are good news for sellers and buyers.  Buyers can feel confident they are purchasing a home in an area with increasing home values.  Our subdivision continues to be a favorite destination for those who want to live in Brookside!

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

Brookside Home Sales Report Feb 2013

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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

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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.