Armour Hills Home Sales Report Oct 2015

Autumn is the prettiest season in Armour Hills…soon all the colorful  leaves will be gone, and we’ll see naked sticks outlining the sky. I  also think the trees look the brightest when the skies are a dull gray color. We have a few new households arrive in our neighborhood last month…welcome!    Here are details for  single family home sales In Armour Hills as of last month:

In October  2015, four  homes sold with a median list price of $244,475 and a sales price of $243,000 with 23 days on market.    

In October 2014, six  homes sold with a median list price of $231,950 and a median sales price of $219,750 with 30 days on the market.  

Prices are up compared to last October, and sellers are getting very close to the list price for their homes.  

Checking year-to-date figures:

From January through October 2015, 69 homes have sold with a median list price of $265,000 and a median sales price of $265,000 with 32 days on market.  

From January through October 2014, 55 homes sold with a median list price of $239,950 and sales price of $239,950 with 28 days on market.

Did you notice the median list price and sales price are the same figure for both?? Buyers are paying top dollar to move into Armour Hills..when the property is priced correctly.    

As you can see, we are still way ahead as far as number of homes sold and median sales price compared to 2014.  Currently there are five homes for sale, with a median list price of $229,000  and 97 days on market.  

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

Armour Hills Home Sales Report – September 2015

PrintHello neighbors…time to report on September 2015 home sales in our Armour Hills subdivision in Brookside.  Sales are slowing down as we move to the holiday season…and hopefully a WORLD SERIES WIN!!  Here are details for  single family home sales In Armour Hills as of last month:

In September  2015, three  homes sold with a median list price of $269,500 and a sales price of $265,000 with 88 days on market.    

In September 2014, six  homes sold with a median list price of $275,000 and a  median sales price of $272,700 and eleven days on the market.  

The 88 days on market is much longer than we’ve been trending this year.  That’s because the three houses that sold last month had all been on the market for almost ninety days  before going under contract–the sales prices were also dropped from initial list price to market value.

Checking year-to-date figures:

From January through September 2015, 63 homes have sold with a median list price of $269,000 and a median sales price of $265,000 with 32 days on market.  

From January through September 2014, 48 homes sold with a median list price of $249,500 and sales price of $246,000 with 29 days on market.    

As you can see, we are still way ahead as far as number of homes sold and median sales price compared to 2014.  Currently there are 14 homes for sale, with a median list price of $284,450 and 41 days on market.  The lowest price home is $199,500 and the highest list price is $525,000.

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

Armour Hills Home Sales Report – June 2015

Armour Hills homeowners continue to gain equity as prices are up and buyers know  our neighborhood as a desirable place to live.  Let’s check the June 2015 home sales for Armour Hills (Brookside-Kansas City MO), followed by comparisons to last year:

In June 2015, eleven homes sold with a median list price of $285,000; a median sales price of $283,000 and …just five days on market!   

In June 2014, seven homes sold with a median list price of $230,000; a median sales price of $228,000 and 7 days on the market.  

We had our highest priced home sale so far this year; it was the beautiful  house at the northwest corner of W 65th Terrace and Main that sold for $461,000.  The lowest sales price last month was $206,000.

Checking year-to-date figures:

From January through June 2015, 46 homes have sold with a median sales price of $262,000 and 29 days on market.

From January through June  2014, 34 homes sold with a median sales price of $239,950 and 28 days on market.   

More homes are selling this year, very close to asking price, and most sell within 30 days of listing. 

Currently there are seven homes for sales in Armour Hills; the lowest list price is $149,999 and the highest is $315,000 with 64 days on market.

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

Armour Hills (Brookside) November 2014 Home Sales Stats

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 Home Sales Report – January 2014

Armour Hills finished 2013 with a big increase in home values–over 10% compared to 2012.  We are off to a strong start in 2014 as well.  Here are the January 2014 home sales stats for Armour Hills:

Four homes sold in January 2014, with an average list price of $251,238 and an average sales price of $250,983.  Average days on market:  15.

Two homes sold in January 2013, with an average list price of $235,000 and an average sales price of $221,000.  Average days on market:  26.

Typically, home sales are slower in the beginning of the year.  However, having four home sales in January, considering all of the cold weather and snow we’ve had, with the higher average sales prices –that’s a strong way to kick off the year!  Two of the four homes that sold were updated and move in ready–those properties always tend to sell quickly.

Currently there are 11 homes for sale in Armour Hills, with an average list price of $257,641 and 102 days on market. One of these homes is a foreclosure, a few of them need updating, have some sort of oddity, and/or some of them are aggressively priced  (in my opinion).  These reasons explain why the homes haven’t sold yet, causing the longer average days on market statistic.  I think 2014 will be another strong year for Armour Hills homes sales!

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

Armour Hills Feb 2013 Home Sales Stats

Armour Hills Homes in Brookside

Armour Hills Homes in Brookside

Home prices are on the rise in Armour Hills!  Although it’s officially April, I am just now publishing the February 2013 home sales stats for our neighborhood.  It’s good news worth waiting for as average home sales prices are way up:

In February 2013, four homes sold.  Average list price was $261,238 and average sales price was $257,375.  Average days on market was 79.

In February 2012, one home sold at a price of $195,000 and seven days on the market.

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

For 2013, six homes have sold at an average price of $245,250 and 62 days on market.

In  2012, three homes sold the first two months of the year at an average price of $208,333 and 43 days on market.

These figures represent a big jump in average sales price and number of homes sold–and we are not even into the heavy buying months of April and May.  Buyers are out early this year, snapping up the well maintained, updated homes in our area and paying higher prices.  I expect this trend to continue the next several months.

Currently there are ten  homes for sale in Armour Hills, with an average list price of $245,760 and just 36 days on market. I know of at least three Armour Hills homes that were recently listed and sold within two days!  There is a lack of inventory right now, partially due, I think, to the two huge snow storms and spring break vacations.    

The housing slump is over!

(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)

Five Real Estate Trends For 2013

I’ve been thinking about writing on this topic for the past couple of weeks as I look ahead to 2013 business.  As a real estate agent, I see some real trends emerging with clients.  All real estate is local, and here are the five consistant features I hear buyers talk about on a regular basis:

1.  Buyers want a home within walking distance of amenities.  Younger couples and empty nesters are constantly telling me they want to be able to walk and/or bike to shops, restaurants, a grocery store and park area.  Gas prices are rising; walking is a pleasurable exercise and having nearby, locally owned stores give a neighborhood a cozy, friendly vibe.  Check the pricing:  homes within an easy walking distance of services generally have a higher list price. 

2. Empty nest buyers want two master suites on the main level.  Retiring baby boomers are generally very active–they want to downsize from the current 3500 SF house to something smaller and more manageable.  At the same time, these boomers have aging parents who do not want to live in  typical senior independent or assisted living housing.  By having two master suites on the main level, boomers can age in place and have their older parents (often in their 80s or 90s) also living in the home if necessary. 

3.  Buyers want nicely updated, well maintained homes.  Today’s first time buyers are often spending thousands of dollars in their down payment just to get into a house; they don’t have an extra $10-20K to update the home’s interior or replace a roof, remodel a kitchen, etc.  The same applies to downsizing boomers: they want to sell their current larger home and pay cash for the new, smaller home, with perhaps some leftover equity going towards decor or simple updates. A well-priced, nicely furnished and decorated home with newer mechanicals will always sell faster than one that needs a new roof, HVAC, bath remodel, etc.

4. Everyone wants an open floor plan in an older neighborhood. Older neighborhoods remain desirable because the homes tend to be well built with charming architectural details and close, easy access to services and amenities. However, most older homes are not ‘opened up’, with a large kitchen attached to a family room (like all suburban homes are).  Those older homes that have been modified with a more spacious feel for an easy entertaining flow and oversized modern kitchen sell fast.  Everybody congregates in the kitchen anyway, right?

5.  Buyers want a backyard with room for a garden.  The popular trend of growing your own vegetables, fruits and herbs won’t go away anytime soon.  Having a bit of space in the yard for a few vegetable plants, berry bushes and an herb garden  is a practical and  enjoyable  benefit to homeowners.  You save on groceries and have a pretty , topical feature to compliment the home!

These are a few of the items on the ‘wish list’ of buyers I’ve been working with.  If you are a buyer, do any of these features appeal to you?  Your comments are welcome!

Armour Hills Home Sales Stats November 2012

I’m enjoying looking out the window, appreciating the beauty of this first snowfall of the season!  So nice to work from home and not have to drive to the office.  Just checked the November home sales for Armour Hills..let’s take a look at the numbers:

Armour Hills Homes Association, Brookside

Armour Hills Homes Association, Brookside

In  November  2012, 4 homes sold.  The average list price was $234,988 and the average sales price was $225,613. Average days on market:  138.

In November  2011, 6  homes sold.  The average list price was $258,900 and the average sales price was $247,625.  Average days on market:  140.

Although the average list price was lower compared to one year ago, keep in mind that just four homes sold in November.  It’s not unusual for sales to dip towards the end of the year.  When a few more expensive homes sell, that pushes up the average price.  Days on market are consistent. 

Year to date, 71 homes have sold in Armour Hills, at an average sales price of $218,619 and  80  days on market.  From January–November  2011, 54 homes sold at an average price of $216,708 and 122 days on market.  Overall, we in Armour Hills are experiencing lower days on market and an average sales price that’s higher than last year.  This trend has been consistent since January. I’m looking forward to comparing final 2012  figures in January 2013.  Prices are trending up–good news for buyers and sellers; our neighborhood is gaining in value.

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.

Armour Hills Home Sales Stats October 2012

Finishing up the tenth month of the year…home sales in Armour Hills continue to outperform 2011, however in October there was a lower average sales price.  Let’s check the stats:

In  October  2012, 5 homes sold.  The average list price was $211,780 and the average sales price was $201,720. Average days on market:  61.

In October 2011, 4  homes sold.  The average list price was $233,175and the average sales price was $223,525.  Average days on market:  93.

The average sales price for October 2012 is lower than what’s been trending this year, but last month  there was one sale at $80,000, which is unusually low for our area.  This  sale  brought the average price down.  Still, comparing to 2011, one more home sold  and days on market are down by 30 days over last year!

Year to date, 67 homes have sold in Armour Hills, at an average sales price of $218,202 and  76  days on market.  From January–October 2011, 48 homes sold at an average price of $212,643 and 119 days on market.  We are experiencing lower days on market and an average sales price that’s higher than last year.  This trend has been consistent since January.

I think we are past the bottom of the housing market in Armour Hills, and on an upward trend that should continue…if interest rates stay low and the economy stays on the  recovery track.

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)