Category Archives: Kansas City Home Sales Statistics

Armour Hills Home Sales Statistics- July 2012

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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.)

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Average Price of Brookside Homes..Going Up!

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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

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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.)

Armour Hills Home Sales Statistics – March 2012

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It’s the end of April…just now have time to post home sales statistics for Armour Hills in Brookside, Kansas City MO!    Thanks for your patience, let’s get to the  numbers:

In the month of March 2012, 4 homes sold.   Average list price:  $185,950.  Average sales price: $181,325.  Average days on market:  213.

In the month of March 2011, 4 homes sold.  Average list price:  $203,000.  Average sales price:  $195,500.  Average days on market: 111.

Currently, there are 22 homes for sale in Armour Hills, with an average price of $243,961.

Although the average sales price is down, remember that there is a wide variety of home prices in Armour Hills.  When lower priced foreclosures sell, or smaller homes, that skews the average sales price down.  Also, it takes longer for these types of homes to sell, thus the longer days on market. Showings are way up compared to 2011, so I think this will be a strong sales season for Armour Hills!

If you would like more detailed information on what is selling in Armour Hills or other parts of Brookside, just email me.

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

January 2012 Home Sales Statistics for Brookside — Zip Code 64113

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Hello, fellow Brooksiders! Here are Brookside single family home sales statistics for January 2012, followed by the stats from January 2011 for comparison. I am using the main zip code of 64113 for these figures:

In January 2012, nine homes sold. The lowest sales price was $210,000 and the highest sales price was $920,000. Average list price was $357,933; average sales price was $346,167. Average days on market: 123.

In January 2011, nine homes sold. The lowest sales price was $146,770 and the highest sales price was $800,000.  The average list price was $407,633 and average sales price was $382,030.  Average days on market:  235.

As of this writing, there are 101 single homes for sale in zip 64113…that is a lot of inventory!

Although the same amount of homes sold in each month, the average price was much lower in January 2012.  Keep in mind that Brookside is an area where home prices vary widely—there are $200,000 homes within a few blocks of $800,000  homes. For a true comparison, you have to look at stats that compare with your own smaller footprint of homes, and know that if more higher priced homes sold, that brings up the average sales price.

If you would like home sales for your area…email me!

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

 

Armour Hills Home Sales Statistics – 2011

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As an Armour Hills resident, I don’t like to see home values decreasing…unfortunately, that’s what these statistics show.  However, a new listing across the street from me that  needs a total rehab, received a contract in just over a week.  Armour Hills is still a desirable neighborhood and I hope to see home values on the rise as we go through 2012.

Below are home sales stats for Armour Hills in 2011, and stats for 2010 for comparison:

In 2011, 58 homes sold in Armour Hills. The average list price was $220,044; average sales price was $211,611. Average days on market:  119.  Lowest sales price was $98,000; highest was $350,000.

In 2010, 57 homes sold in Armour Hills.  The average list price was $218,418; average sales price was $213,517.  Average days on market:  88.  Lowest sales price was $90,000; highest was $350,000.

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

Commentary: short sales and foreclosures bring average sales prices down; also homes that have a sales price too high for the current market–they take too long to sell and bring up the average days on market.  Many Armour Hills homes have quirky floor plans, they aren’t updated or well maintained–these are the homes that just sit on the market as buyers are very choosy these days. Also keep in mind that in 2010, there was an $8000 tax incentive for buyers–that incentive not available in 2011. 

As we head into the busy Spring buying and selling season, we may see sales prices on the rise.  Hopefully as the economy gets better, more buyers will enter the market.  In our office, we’ve seen a big  jump in sales since the first of the year–positive news!

Brookside Home Sales Statistics–2011

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Now that 2011 is over…just how did home sales for Brookside (Kansas City, MO) compare to 2010? Are we still in a slow housing market, with homes loosing value? Let’s check with a year-to-year comparison. I’m using home sales from the main Brookside zip code of 64113 for these figures:

2011

210 single family homes sold. Average list price was $322,188; average sales price was $303,602. Average days on market: 140. Lowest sales price in the area was $78,000; highest was $1.6 million.

2010

215 single family homes sold. Average list price was $317,672; average sales price was $301,727. Average days on market: 122. Lowest sales price in the area was $90,000; highest was $1.5 million.

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

Overall, good news for Brookside! Average list and sales prices were up, although average days on market was up by several days. This higher pricing trend should continue into the busy Spring buying season, as interest rates are still low and the economy has been slowly improving. Brookside is still a desirable area for buyers, especially if the home has been well-maintained and updated.  Check back for my monthly blog post about Brookside home sales in 2012..they are usually posted mid-month.

If you would like sales statistics for your neighborhood, email me for the details.

Brookside Home Sales Stats December 2011

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I say…good riddance to another poor housing sales year and let’s look ahead to a much better 2012!

Looking at single family home sales stats for zip code 64113 in Brookside, December 2011:

14 homes sold.  Average list price:  $245,904.  Average sales price:  $231,032.  Average days on market:  111.

Compare those figures to December 2010:

22 homes sold.  Average list price:  $335,930.  Average sales price:  $307,853.  Average days on market:  106.

Why the much higher average sales price in 2010?  Part of the reason is a $1.5 million dollar home sold in 2010.  In 2011, the highest price home sold was $515,000.  The drop in the number of units sold in 2011 can be attributed to the $8000 tax credit for buyers that was in effect for 2010…this tax credit encouraged buyers to make purchases that year.   Days on market were virtually the same.

In the next blog entry I will compare Armour Hills sales stats for December 2010 to 2011, plus will do a year end comparison before the end of the month. Thank you for reading my blog!

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

 

Armour Hills Home Sales Statistics Aug 2011

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Interesting home sales statistics from the Armour Hills subdivision in  Brookside last month..I think these stats show
some trends worth noting…my comments below!

In August 2010, six homes sold in Armour Hills. Average days on market: 59.
Average list price: $176,650. Average sales price: $174,475.

In August 2011, nine homes sold in Armour Hills. Average days on market:
101. Average list price: $223,811. Average sales price: $215,372.

The average sales price for August 2010 was very low for Armour Hills. More
of the lower priced homes sold, including some foreclosures, which drag down
sales prices. Note the average days on market was 59–fairly fast for a
‘depressed’ housing market, and indicates buyers will snatch up bargains in
this subdivision.

The average sales price for August 2011 was more along the usual average for
the subdivision. More units were sold this year, which is encouraging, although
the days on market — 101 — was nearly twice as long as the same period for
last year. The higher average sales price and more units sold perhaps reflects
a bit more confidence in the market as well as sellers ‘waiting out’ the down
year of 2010 to try and sell this year instead.

If you would like home sales statistics for your area–email me with your address and I will send them over. Thanks for reading my blog!

 

Brookside Area Home Sales Statistics 2011

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Hello fellow Brooksiders:

For today’s blog, I am comparing home sales statistics for the first six months of 2011 with the first six months of 2010 in two of the larger area subdivsions:

RockhillGardens: 

2010:  18 homes sold.  Lowest sales price was $65,000; highest sales price was $251,250.  Average sales price was $177,151 with an average of 103 days on market. 

2011:  12 homes sold.  Lowest sales price was $65,000; highest sales price was $256,000. Average sales price was $179,343 with an average of 118 days on market. 

Armour Hills:

 2010:  27 homes sold.  Lowest sales price was $90,000; highest sales price was $326,000.  Average sales price was $213,308 with an average of 94 days on market.

 2011:  25 homes sold.  Lowest sales price was $98,000; highest sales price was $272,000.  Average sales price was $207,287 with an average of 148 days on market. 

Keep in mind that in the first six months of 2010, buyers were taking advantage of the $8000 tax credit that was not available in 2011–that is one reason for the slower sales and longer days on market.  The increase of foreclosed homes has a big effect on bringing the average sales price down.  All information taken from Heartland MLS–deemed reliable but not guaranteed.

If you would like home sales stats for your subdivision–send me an email with your address and I’ll do the research for you!