Tag Archives: armour hills home sales

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!

September-Home Sales Stats for Brookside and Armour Hills

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Hello fellow Armour Hills residents, here are home sales statistics for the month of September 2011 for our subdivsion in Brookside, followed by my personal comments:

September, 2011
Four homes sold, with an average of 89 days on market.  Average list price was $226,600; average sales price was $217,375.  Five homes went under contract in September.

September, 2010
Three homes sold, with an average of 54 days on market.  Average list price was $269,967; average sales price $263,000.

Let’s compare the main Brookside zip code, 64113, from last year to this year:

September, 2011 – 64113
Fifteen homes sold, with an average of 149 days on market. Average list price was $243,170; average sales price was $229,843.  Fifteen homes went under contract in September.

September, 2010 –  64113
Thirteen homes sold, with an average of 167 days on  market.  Average list price was $359,112; average sales price was $343,806.

Comments:
About the same number of homes are closing and going under contract, but prices are falling.  Depressed prices can be attributed to many things:  less expensive homes going on the  market, the impact of low foreclosure pricing, and sellers who must sell and keep lowering the price to attract a buyer.  The good news is  this area is still desirable for sellers; the negative news is the falling home prices.  However, in an area like Brookside and Armour Hills, prices can range from $150K to over $500,000.  For true comparables, one has to compare specific features and locations that can vary block by block.

Would you like market statistics on your neighborhood?  Email me with details and I will send them your way!
All information taken from Heartland MLS; deemed reliable but not guaranteed.

Kansas City/Brookside Area Home Sales Stats

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I contemplated a more negative title for this blog post, as the news I have is not good.  But I try to be an upbeat person, believing one can choose to have a gloomy attitude or a positive one. I choose positive. Still, the stats speak for themselves.

Jackson County home sales down 31.5% in March 2011, compared to March 2010.  There were 683 units sold this year ; 997 last year. Average sales price dropped 6.2%.  The same for Johnson County:  down almost 23% in March 2011 compared to March 2010. There were 719 units sold this year; 932 in March 2010. Average sales price dropped 3.5%.

Looking closer at the Brookside area, in zip code 64113 there were 18 units sold in March 2010 and 20 units sold in March 2011.  Average sales price was down:  $297,883 compared to $287,995.  Armour Hills had four sold properties in both March 2010 and 2011; average price down from $221,119 in 2010 to $195,500 in 2011.

Prairie Village followed the trend with 32 units sold in March 2010, average sales price $194,632. In March 2011, 26 units sold, average sales price $193,569.

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

Why the drop? I believe it’s because there is no $8000 tax credit for buyers.  There was a sense of urgency last spring for buyers to take advantage of deflated home prices, low interest rates and plenty of inventory.  This spring–lots of inventory, still low interest rates but  no incentive to act before a deadline. The economy hasn’t improved that much for the middle class:  food and gas prices are sharply higher this year compared to last, wages still stagnant. There’s still plenty of time left in the traditionally busy spring buying season for more sales–I hope to see more positive news as the year goes on. Ending on a positive note, I did list a house last month that had two offers in the first week and sold quickly!

Armour Hills Home Sales Stats

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Hey neighbors–here are home sales stats for August/September 2010 in Armour Hills:

9 homes sold, average price $203,983.

38 active homes for sale as of today, ranging in price from $145,000-$469,950.

In comparison, 10 homes sold in August/September 2009, average price of $236,643.

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

Lower average price reflects the constant amount of foreclosures in the area and sellers who keep lowering prices to move inventory.

There is still a lot of competition out there …if you are thinking of selling your home, my advice is to spend the next few months cleaning, painting, decluttering and making needed repairs…then put it on the market in February/March.

Thanks for reading my blog; you can reach me at mary.hutchison@prukc.com

Armour Hills Home Sales Statistics

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It’s been a while since I posted home sales stats for Armour Hills in Brookside…so here we go:

As of today, there are 36 homes for sale, ranging in price from $134,900 to $469,950. Averages days on market for these homes is 81; average listing price is $234,800. 

Since May, 18 homes have sold in Armour Hills; the average price was $224,800.  Looking at these stats, final sales price for an Armour Hills listing is about $10K below asking..and this doesn’t include any seller paid closing costs or repairs.

As we get into the dog days of August and back to school hoopla, showings have slowed down.  There seem to be very few serious buyers out there right now.  There are buyers who  want to ‘look around and see what’s out there’, and there are the usual buyers who want to see everything available, expecting  to find the perfect house for a bargain price.

 Right now is such a great time to buy because of the low interest rates–with a good credit score and down payment, I’ve seen rates quoted at below 4.5%!

One day the housing market will start looking better…and the key to the jumpstart is JOBS.