Armour Hills Home Sales Stats January 2013

Armour Hills, a Brookside area subdivsion

Armour Hills, a Brookside area subdivsion

You’ve heard it in the media…now read about it in your own neighborhood. Home prices are up! Let’s check the January home sales stats for Armour Hills:

In January 2013, two homes sold. Average list price was $235,000 and average sales price was $221,000. Average days on market…just 26 days!

Now let’s compare to Jan 2012 and Jan 2011:

In January 2012, two homes sold. Average list price was $224,500 and average sales price was $215,000. Average days on market…43 days.

In January 2011, one home sold. The list price was $145,000 and the sales price was $146,777. Average days on market for the one sale was 158 days.

There is no doubt that home prices are on the rise in Armour Hills. I track the sales every month, and 2012 finished with more homes sold than 2011, a higher average sales price and less time on the market. I expect this trend to continue in 2013.

Currently there are nine homes for sale in Armour Hills, with an average price of $235,089, Overall, there is a lack of good inventory in the Brookside area. If you’ve been waiting for the market to change in the seller’s favor…now is the time to list your home! If it’s been well maintained, priced correctly and updated, you may have competing offers.

Contact me if you would like more details on the current state of the home sales market in Brookside.

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

Armour Hills 2012 Home Sales Market Report

Now that we are a few weeks into the new year, it’s time to look back at 2012 home sales statistics for Armour Hills. When I checked the stats each month last year, the trend was more homes sold and at a higher average price than 2011. I think the worst of the housing crisis is over for our Brookside neighborhood!

Armour Hills Homes in Brookside

Armour Hills Homes in Brookside

Here are the figures for 2012 single family home sales in Armour Hills:

In 2012, 78 homes sold. The average list price was $225,465 and the average sales price was $219,338. Average days on market: 83.

In 2011, 59 homes sold. The average list price was $220,551 and the average sales price was $212,088. Average days on market: 119.

In summary, 25% more Armour Hills homes sold in 2012 than 2011, and with a higher average sales price of almost 5%–very healthy numbers!

Something else I want to point out: the lowest sold price in 2012 was an $80,000 short sale. However, we had two homes sell over $400K–one at $485,000 and another at $417K. The highest sales price in 2011 was $350K. Both of these higher priced homes were total rehabs. This shows our neighborhood is desirable for more affluent buyers and we have a good area for rehabber /homeowner improvement investing.  Finally, with the average home price in the $220s, Armour Hills is still very affordable for most first time buyers, despite the two over $400K sales.

I’ll continue to track monthly sales for 2013 in this blog. The upward trend in number of homes sold and increasing average sales prices should continue this year.

Interested in home prices and sales trends in your area? Email me and I’ll provide the information. In a few days I will post home sales stats for the Brookside zip code of 64113–also showing better sales activity than last year.

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

All Aboard for Bier Station in Brookside!

I love Bier Station.  I don’t like beer.  But I will support this new local business in Armour Hills by drinking a brew there every so often…and my husband will be a frequent visitor!  When we stopped by on New Year’s Eve to check it out, the bartender poured me a beer sample that I actually liked, after I told him I wasn’t a beer drinker.   Now that’s customer service!

John Couture (left) and beer manager Brad Isch

John Couture (left) and beer manager Brad Isch

All of Brookside is welcoming this new bar at 120 E Gregory.  Business has been great, especially on the weekends.  Local owner (and Rockhill Gardens resident) John Couture is very excited about his new beer crib and so thankful for the enthusiastic reception from the neighborhood. It’s not a huge bar, but that works to it’s advantage–just the right size to mingle with those you don’t know, strike up new friendships and talk about the ever-changing beer product. I think eventually it will be like Target–every time you stop in, you see someone you know!

This is a craft beer/tasting bar/bottle shop operation where the big attraction is the rotating inventory.  Sign up for their updates on Twitter and Facebook to stay on top of what’s new and fresh–it changes daily, several times a day.  The bar offers 21 taps, including a ‘wild’ tap that specializes in sours and wild ales.  John has hired people who know the product and you might recognize their faces:  employees  from SRO Video and Waldo Pizza.  Sitting at the bar, you’ll see many style of glasses, each one suited for the individual beer’s character, so it’s served in the correct glass for maximum flavor.  Brad Isch is the full-time beer manager. 

There are a couple of things I really appreciate about Bier Station–and I suppose this comes from my female perspective.  The first is the place isn’t overrun with televisions.  There are two posted on either end of the bar–enough to keep up with the game, not too distracting.   In the upstairs beer garden–no TVs!  Just long picnic tables with a relaxed feeling, perfect for conversation (check out the wall mural–it’s a photo  of the Heim Brewery in Electric Park, in KC’s East Bottoms, circa 1900).  During the warmer months, John will open up the large windows, creating an open air second story patio.  And the second thing I like is the vibe:  John or his staff greets everyone, asks patrons for their opinions, children are welcome before 8pm (yep, he stocks juice boxes!) and it has that true neighborhood small bar feel…almost like a corner pub in England or Chicago.  You’ll find beer drinkers of all ages here–John says he sees customers range in age from  25-65, and all fit in.

Upstairs beer garden with mural

Upstairs beer garden with mural

A few other quick notes:  local business Farm to Market supplies the fresh pretzels — they are delicious!  Customers can create their own 4 or 6 pack of beer to go from the huge cooler that takes up a full wall–allow plenty of time to check out the selection before you buy.

Welcome Bier Station, to Brookside!  Another home-grown, local business we look forward to supporting!

Home for Sale in Armour Hills

21 W 66th St in Armour Hills

I just listed this home in Armour Hills and…it’s a real bargain!  Located at 21 W 66 St, this is a wonderful block of tight-knit neighbors that host a couple of block parties each year and look out for one another.  Many of them have lived on the street for decades.

This is one of the smaller homes on the block, it’s a two-story home about 1500 square feet.  The current owner has made many improvements:  a new concrete porch and walkway, new windows, updates in the bathrooms, freshly painted interior and updated electrical work.

Dining room with original
built-ins

The first floor features a large living room with fireplace; dining room with the original built-in cabinets, and a kitchen with half bath.  Upstairs there are three bedrooms (one is non-conforming); a full and a half bath, and several closets.  There are hardwood floors on both levels; a private driveway, and a stone foundation.

Bedroom

One of the best features of this house is the location:  just steps away from Arbor Villa Park (a tennis court, playground and kiddie pool), the Brookside shops and grocery, and the Trolley Track Trail.

Priced at $164,900…this home is sure to sell fast!  Contact me for more information.

Armour Hills Home Sales Statistics – 2011

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!

Armour Hills Board Meeting–Jan 2012

Hi neighbors, here’s a brief recap of our first meeting of 2012 of the Armour Hills Homes Association.  It was held January 17 at the Country Club Congregational Church:

*All board members were re-elected to their postions.

*President David Pucci reported that many goals we set for 2011 were accomplished; one of the major goals was bidding out the upkeep and landscaping work for the park and islands, one of our largest expenses.  With the new contracts in place, we are saving money over previous years.

*One important goal for 2012 is requesting proposals for upgraded communication with homeowners.  This included management of the Clarion newsletter, Facebook page and website.

*Several homeowners from E 69th St were present to discuss what can be done about increasing crime in Armour Hills.  They plan to form a separate group to study the issue and offer suggestions to residents.  They would like to have homeowner dues raised to pay for regular securityy patrol of the neighborhood.

*We need an activites chairperson for 2012–no volunteers have stepped up so we divided  up the major social events and board members will organize accordingly.

*Our PIAC funds request are still under consideration, a decision is expected this Spring.

This is not all of the topics that were discussed, but the highlights.  Armour Hills residents are welcome to come to any board meeting.  The next one is at 7pm on Feb 21, same location.

Armour Hills Home Sales Stats

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