Armour Hills Home Sales Stats-Jan 2018

Posted on February 26, 2018 by Mary Hutchison

As I write this blog, I am looking ahead wondering if Armour Hills will again be one of the most desirable neighborhoods for buyers in 2018. Last year the average days on market for a new listing in Armour Hills was just 7, and median home prices increased 14.9% over 2016. Those numbers say a lot about how strong this neighborhood is.

Let’s take a look at the stats for last month:

January 2018 January 2017

Median list price: $289,975 Median list price: $329,475

Median sales price: $284,500 Median sales price: $327,500

Days on market: 5 Days on market: 18

No. of homes sold: 4 No. of homes sold: 4

Although the median home sales price was much lower than 2017, that reflects the fact lower prices homes sold last month. Still, three of the four homes that sold were at or above list price. The highest sales price was $340,000 and the lowest was $185,000. I believe Armour Hills will again be a strong destination for home buyers this year.

Currently there are five active listings in Armour Hills, with a median price of $345,000 and 71 days on market.

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

Armour Hills Home Sales Report-Oct 2017

Posted on November 16, 2017 by Mary Hutchison

The Armour Hills subdivision in Brookside has been one of the hottest locations for home buyers this year–the rising prices reflect that demand. Here are the October 2017 home sales stats for Armour Hills, with a comparison to last year:

October 2017

Median list price: $329,250

Median sales price: $327,250

No. of homes sold: 8

Days on market: 47

The lowest closed sales price was $235,000 and the highest was $446,500.

October 2016

Median list price: $289,475

Median sales price: $294,499

No. of homes sold: 12

Days on market: 27

Checking year-to-date figures:

Jan-Oct 2017

Median list price: $314,750

Median sales price: $313,250

No. of homes sold: 84

Days on market: 9

Jan-Oct 2016

Median list price: $275,000

Median sales price: $274,500

No. of homes sold: 72

Days on market: 25

Note that this year, sellers are getting 99% of their asking price, and prices are up 19% over 2016. Currently there are seven homes listed in Armour Hills, with a median price of $307,000. Two of the homes are over $500K– that’s rare high asking price for our neighborhood.

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

Armour Hills Home Sales Report-Aug 2017

Posted on September 21, 2017 by Mary Hutchison

The Armour Hills subdivision in Brookside continues to be a desireable location for homebuyers this year–prices are up compared to 2016. Here are the stats for August 2017, with a year to date comparison as well.

Aug 2017

Median list price: $285,000

Median sales price: $285,000

No. of houses sold: 11

Days on market: 19

Aug 2016

Median list price: $254,500

Median sales price: $254,000

No. of houses sold: 8

Days on market: 13

The highest closed price was $421,750 and the lowest was $235,000. There is very little, if any, negotiation on list price.

Here are the year to date stats:

Jan-Aug 2017

Median list price: $315,000

Median sales price: $312,500

No. of houses sold: 71

Days on market: 7

Jan-Aug 2106

Median list price: $269,950

Median sales price: $272,250

No. of houses sold: 56

Days on market: 13

Prices are up about 14% year to date–wow, that is quite a jump! However, I don’t think final 2017 stats will show that much of an increase. Still, higher prices mean more equity for sellers and buyers are comfortable paying more to live in our neighborhood. Currently there are five homes for sale in Armour Hills, with a median list price of $335,000 and 7 days on market.

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

Armour Hills Home Sales Stats-March 2017

Posted on May 1, 2017 by Mary Hutchison

Not a lot of activity in Armour Hills in March regarding sold homes–however, that is normal as the first couple of months of the year are not popular times to list homes due to traditionally cold weather. Still, there was an increase in median sales price! Let’s look at the March 2017 home sales for Armour Hills, and a comparison to last year.

March 2017

Median list price: $325,000

Median sales price: $325,000

Number of homes sold: 5

Days on market: 6

March 2016

Median list price: $234,975

Median sales price: $229,475

Number of homes sold: 6

Days on market: 39

Four of the five homes that sold last month in Armour Hills were over $300K, pushing the median sales price up. Notice it was only a few days before the new listings went under contract.

Now let’s look at year to date:

Jan-March 2017

Median list price: $395,000

Median sales price: $395,000

Number of homes sold: 50

Days on market: 37

The lowest sales price so far this year $205,000 and the highest was $440,000.

Jan-March 2016

Median list price: $389,500

Median sales price: $382,000

Number of homes sold: 57

Days on market: 34

So far, prices are up 29% over first quarter 2016. However, most of the increase is due to more expensive homes selling this year over same period one year ago. Currently in Armour Hills there are four homes for sale, with a median price of $312,000 and 18 days on market.

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

Armour Hills Home Sales Report-Jan 2017

Posted on February 28, 2017 by Mary Hutchison

Armour Hills was a hot location for homebuyers in 2016: many sellers got close to asking price; some homes had bidding wars! Median prices were up almost 3% over 2015. I think 2017 will be a strong sales year for our neighborhood as well. Let’s check the January 2017 sales for Armour Hills in the Brookside area of Kansas City:

January 2017

Number of homes sold: 4

Median list price: $329,475

Median sales price: $327,500

Average days on market: 18

January 2016

Number of homes sold: 2

Median list price: $264,475

Median sales price: $269,155

Average days on market: 39

More expensive homes closed last month, pushing the median price higher. Although only two homes sold in Jan 2016, one of them went for $12,555 over the asking price–so the median sales price is way higher than list price.

Currently there are just two homes for sale in Armour hills, with a median price of $315,000.

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

Armour Hills 2016 Home Sales Recap

Posted on January 19, 2017 by Mary Hutchison

It’s that time to look at 2016 home sales stats for Armour Hills in Brookside. Overall, prices are up! Let’s look at the December 2016 sales, and then move on to a 2016 recap.

Dec 2016:

Median list price: $277,500

Median sales price: $281,500

Number of homes sold: 8

Days on market: 42

Dec 2015:

Median list price: $296,000

Median sales price: $298,000

Number of homes sold: 7

Days on market: 28

Although median price was lower than last year, three of the eight homes that closed were sold at or over list price.

Now let’s look at the year 2016, as compared to previous years.:

2016

Median list price: $275,000

Median sales price: $274,500

Number of homes sold: 89

Days on market: 29

The lowest sales price was $176,000; highest was $499,000.

2015

Median list price: $269,700

Median sales price: $266,750

Number of homes sold: 80

Days on market: 33

Median prices are up 2.9% over 2015, and sellers are virtually getting their asking price. More homes sold in 2016, and in a bit shorter period of time.

For reference, 2013 median sales price was $249,500 and in 2014, it was $236,500. Sales prices up 10% since 2013! That is reassuring to sellers as they are building equity; buyers can feel comfortable purchasing in a neighborhood gaining value.

As of this posting, there are just three homes for sale in Armour Hills, with a median list price of $315,000 and 16 days on market.

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

Armour Hills Home Sales Stats – Oct 2016

Posted on November 21, 2016 by Mary Hutchison

Is Armour Hills the hot neighborhood for Brookside buyers this year? Seems that way, as once again the median sales price is over the list price! Because I live in Armour Hills, I can tell you buyers are very attracted to the area because of the central location to the Brookside shops, convenient Metro bus service, the revitalized park in the center of the ‘hood, easy access to the Trolley Track Trail and the wide range of prices. Here are the numbers:

October 2016

Ten homes sold. Median list price was $294,974. Median sales price was $304,999, with 34 days on market. Seven of the ten homes sold at or above asking price, with one home closing at $25,500 over the list price.

October 2015

Five homes sold. Median list and sales price was $249,000 with 8 days on market.

Comparing year-to-date:

January-October 2016

71 homes sold, median list price $275,000 and median sales price $274,500 with 29 days on market.

January-October 2015

69 homes sold, median list and sales price was $265,000 with 32 days on market.

Median sales prices are up 3.5% over 2015. Right now there are four homes for sale in Armour Hills, with a median list price of $309,975 and 49 days on market. Price range is $208,888-$464,900.

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

Armour Hills Home Sales Stats – Aug 2016

Posted on September 19, 2016 by Mary Hutchison

Checking home sales for Armour Hills August 2016…a drop in prices compared to last year. However, year to date– home values continue to rise. Here are the stats with commentary!

August 2016: August 2015:

Median list price: $250,000 Median list price: $277,500

Median sales price: $242,000 Median sales price: $280,000

Number of homes sold: 7 Number of homes sold: 4

Days on market: 47 Days on market: 11

You can see median sales price for last month was considerably lower than August 2015. However, in August 2016, all homes but one sold under $280K. In August 2015, fewer homes sold but at a higher median price.

Checking year to date figures:

2016, Jan-August: 2015, Jan-August:

Median list price: $269,700 Median list price: $267,450

Median sales price: $268,500 Median sales price: $266,750

Number of homes sold: 54 Number of homes sold: 60

Days on market: 13 Days on market: 29

Homes in Armour Hills are selling faster this year, and for more money.

Currently there are 5 homes for sale in Armour Hills, with a median list price of $319,000 and 11 days on market.

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

Armour Hills Home Sales Stats – Nov 2015

Posted on December 16, 2015 by Mary Hutchison

Good morning neighbors! Are you in the thick of holiday hoopla? Just imagine moving during this hectic season! We had a few homes close last month in Armour Hills, and prices continue to rise. Here are the details for single family home sales In Armour Hills in November 2015:

In November 2015, four homes sold with a median list price of $274,950 and a sales price of $276,000 with 70 days on market. Interestingly, three of the four homes sold were on East Winthrope.

In November 2014, six homes sold with a median list price of $264,950 and a median sales price of $259,500 with 67 days on the market.

You will notice that the median sales price was higher than the list price–that is because one of the homes probably had closing costs added to the list price. The other homes sold very close to list price.

Checking year-to-date figures:

From January through November 2015, 73 homes have sold with a median list and sales price of $265,000 with 34 days on market.

From January through November 2014, 61 homes sold with a median list and sales price of $239,950 and sales price of $239,950 with 31 days on market.

It is unusual to have the list and sales price be the same figure. However, buyers are paying top dollar to move into Armour Hills..when the property is priced correctly.

So far this year median sales prices are up over 10% compared to 2014 for Armour Hills. Next month I will have the usual December figures as well as a year to date comparison for the past few years. Currently there are 5 homes for sale, with a median list price of $249,500 and 88 days on market.

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

Armour Hills Home Sales Drop in June 2014

Posted on July 15, 2014 by Mary Hutchison

Here at the halfway mark of the year, It’s time to check the home sales stats for Armour Hills in Brookside. In June 2014, (similar to May) we had decrease in average sales price and fewer homes are selling. Let’s look at the specifics:

In June 2014, seven homes sold with a median sales price of $228,000 and a very short 22 days on market. One home was listed at $168K and sold for $199K–the result of a bidding war between rehabbers I’m sure.

In June 2013,thirteen homes sold with a median sales price of $249,000 and 51 days on market. The lowest sales price was $180,000 and the highest was $335,000.

The shorter days on market period shows us that buyers are snapping up the updated, newer listings as soon as they hit the market. The lower average price can be explained in the lower list price of the homes for sale and falling prices for the homes that were overpriced to begin with.

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

For the first six months of 2014, 34 homes sold with a median price of $240,000 and 51 days on market. These are virtually the same numbers as the first five months of the year.

For the first six months of 2013, 40 homes sold with a median price of $245,000 and 76 days on the market.

Overall, inventory has been lower than last year, reflected in the fewer number of homes sold. The $5000 price drop in average price is not something I am concerned about. Overall, prices are rising in Armour Hills. Currently there are 14 homes for sale, with a median sales price of $235,000. The lowest price home is listed at $179,950 and the highest is $499,900.

Now that we are past the July 4 holiday, I expect slower sales and fewer homes listed through the end of the year.