Armour Hills (Brookside) November 2014 Home Sales Stats

Posted on December 18, 2014 by Mary Hutchison

We are just about at the end of the year and I am very curious about how our Armour Hills home sales will finish out compared to 2013. As for the November 2014 stats, there is a drop in median sales price compared to a year ago. However–that’s the housing market: some months strong, other months are slow. No need to worry–overall, our neighborhood is thriving. So let’s look at the Armour Hills home sales (in Brookside, Kansas City MO) for November 2014, with comparisons to one year ago:

In November 2014, six homes sold with a median sales price of $235,000 and 40 days on market. The median list price was $239,900. The lowest sale was $190,000 and the highest was $370,000.

In November 2013, four homes sold with a median sales price of $253,950 and 27 days on market. The median list price was $258,000.

The November drop in median sales price is a repeat of October 2014 stats as well. Although more homes closed this year compared to 2013, there was a $398,000 home sale last year that brings the median price up significantly. Overall, the $235K price is more typical for Armour Hills.

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

For the first eleven months of 2014, 61 homes sold with a median price of $239,950 and 31 days on market.

For the first eleven months of 2013, 75 homes sold with a median price of $255,000 and 20 days on the market.

The numbers are lower from a year ago but when I post 2014 stats next month, I will compare final numbers and the last few years as well to see the trend. There may be a drop in overall median price from 2013 to 2014. We have 11 active listings in Armour Hills right now, with a median price of $269,900 and 66 days on market. The longer days on market, compared to the average, tells us these homes may be overpriced, or in need of some updating–that’s why they are still for sale. Buyers are out there, and they want to live in Brookside–most of them want move-in ready, updated homes.

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

Armour Hills September 2014 Homes Sales Stats

Posted on October 31, 2014 by Mary Hutchison

Some interesting home sales statistics to report for Armour Hills in Brookside today–I am blogging information for September 2014 and year to date figures. Although we are in the typically slower season for home sales (after the spring/summer rush)– some new listings are going under contract very quickly. Let’s look at the numbers:

In September 2014, six homes sold with a median sales price of $272,000 and 4 days on market. The median list price was $275,000. The difference between list and sales price was just a bit over 1%. Three of the six homes we under contract within a day or two of hitting the market. What does this mean? There are buyers who are ready to buy now, if the house is well priced and move-in ready. It’s obvious these buyers were ready to jump on any new listing that fit their criteria. (In addition, we had our highest Armour Hills sale so far this year, at an eye popping $474,000-cash!).

In September 2013, five homes sold with a median sales price of $258,000 and 4 days on market. The median list price was $ 272,000. Again, three of the five homes were under contract within a day of going up for sale.

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

For the first nine months of 2014, 49 homes sold with a median price of $243,000 and 28 days on market.

For the first nine months of 2013, 62 homes sold with a median price of $250,000 and 20 days on the market.

We see a slip in average sales price and fewer numbers of homes selling in YTD numbers.

Currently there are 18 homes for sale in Armour Hills, at a median price of $225,000. The lowest list price at $160,000 and the highest at $375,000.

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

Armour Hills (Brookside) Home Sales Stats-July 2014

Posted on August 21, 2014 by Mary Hutchison

Time to check home sales stats for July in the Brookside subdivision of Armour Hills. There was a drop in the median sales price … read on for my reasoning as to why that happened. No need to panic fellow Armour Hills neighbors! Let’s look at the specific statistics:

In July 2014, seven homes sold with a median sales price of $195,000 and 129 days on market. The highest sale (the highest for this year so far) was $440,000. With four of the seven homes sold below $200K, the average price drops way down. This is unusual for our area–the median price is usually between $230-$260K most months.

In July 2013, nine homes sold with a median sales price of $290,000 and 20 days on market. The highest sales price that month was $410,000.

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

For the first seven months of 2014, 41 homes sold with a median price of $234,000 and 64 days on market.

For the first seven months of 2013, 49 homes sold with a median price of $250,000 and 66 days on the market.

We are falling behind in the number of homes sold this year compared to last, and prices are dropping. As has been the pattern this year, there is a lack of well priced, updated homes in Armour Hills–those sell the fastest. When homes sit for a long time, the price continues to drop until a buyer feels the house is priced correctly and makes an offer. I think prices will edge back up as we head towards the end of the year.

Currently there are 17 homes for sale in Armour Hills, with the lowest list price at $175K and the highest at $315K.

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

Armour Hills Home Sales Dip in May 2014

Posted on June 16, 2014 by Mary Hutchison

This Armour Hills Tudor sold in May for full list price!

It’s time to check the home sales stats for the Armour Hills subdivision in Brookside. In May of 2014, we had a little hiccup in the overall trend of higher average prices and shorter days on market. Let’s look at the numbers:

In May 2014, nine homes sold with a median sales price of $259,000 and 88 days on market. The lowest sales price was $155,000 and the highest sales price was $354,000.

In May 2013, eleven homes sold with a median sales price of $284,000 and 53 days on market. The lowest sales price was $180,000 and the highest was $335,000.

The average sales price dropped 8.8% compared to May of last year, and it took longer for homes to sell. I believe the reason for the drop is a lack of inventory–not as many homes on the market, and the ones that are for sale may not be priced right at the start or need some updating–that factors cause homes to sit on the market longer and prices to drop.

Now we will examine year-to-date figures:

For the first five months of 2014, 27 homes sold with a median price of $240,000 and 59 days on market.

For the first five months of 2013, 27 homes sold with a median price of $213,000 and 89 days on the market.

Average home sales price is up over 12% year-to-date in Armour Hills, and average days on market is trending lower. The drop we experienced in May 2014 is a small blip–overall, Armour Hills homes have been gaining value the past several months.

At this time there are 11 homes for sale in Armour Hills, with a median sales price of $260,000. The lowest list price is $195,000 and the highest is $474,000 (!). (I will be very curious about the final sales price of that home.) Average days on market is 52.

Buyers are actively looking and ready to buy…as always, those homes that are well maintained and move in ready sell the fastest.

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

February 2014 Home Sales Stats – Armour Hills, Brookside

Posted on March 17, 2014 by Mary Hutchison

How many people showed up for the Brookside St Patrick’s Day Warm Up Parade on Saturday? Hard to tell…thousands for sure, as it was a beautiful day! I saw so many neighbors and friends while walking around, watching kids pick up tossed candy and older adults comfortably seated on the sidelines to watch the festivities. This event shows off the diversity of Brookside residents and how we all come together for a good time in support of our neighborhood. Special thanks to Marti Lee and her team at Southtown Council for their hard work in pulling this event together every year, whatever the weather.

It’s that time of the month where I check monthly home sales stats for the Brookside area. This blog will focus on my neighborhood of Armour Hills–below see a summary of February 2014 sales with a comparison to February 2013:

Three homes sold in February 2014, with an average list price of $226,450 and an average sales price of $223,800. Average days on market: 32.

Four homes sold in February 2013, with an average list price of $261,238 and an average sales price of $257,375. Average days on market: 79.

Although we had one less sale last month than a year ago–look at the days on market. Less than half compared to Feb 2013. The average sales price was significanltly higher in 2013 because one home sold for $390K–an unusually high price for AH which skewed the numbers up.

Looking at year to date figures:

For the first two months of 2014, seven homes have sold at an average price of $239,333 and 22 days on the market. For the first two months of 2013, six homes sold at an average price of $245,250 and 62 days on market. Again, the $390K sale upped the 2013 average price, with days on market much shorter this year.

Currently there are 13 homes for sale in Armour Hills, with a median average list price of $244,000 and 98 days on market. I am using the median price as the house at 6625 Brookside Road is priced at $450,000–on the high end for our area.

Below I posted a few pictures from the parade on Saturday. Be safe today as you celebrate St Patrick’s Day! Watch for wobbly pedestrians. I’ve decided on a U2 music marathon today as I work at my desk. Turn it up!

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

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.)

Inside Brookside (And Waldo)

What's Happening In Brookside and Waldo (Kansas City, Missouri)

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