Brookside Home Sales Dip in June 2014

 

The first half of the busy home buying season is over…sales will start to slow down in the next six months. June 2013 sales show a slowdown from May.  Let’s look at the numbers…I am comparing single family homes for the main Brookside zip code of 64113:

In June 2014, 28 homes sold.  Median sales price was $286,000 and 37 days on  market.  The lowest sales price was $157,999 and the highest was $556.000.  

In June 2013, 38 homes sold.  The  median sales price was $300,000 and 45 days on market.   The lowest sales price was $150,000 and the highest was $545,000.

Not much change from a year ago–the average sales price dropped some, but  days on market was less.  

Checking year to date figures:

From Jan-June 2014, 131 homes sold at a median sales price of $296,000 and 74 days on market.

From Jan-June 2013, 151 homes sold at a median sales price of $292,000 and 151 days on market.  

Fewer homes sold indicates the lack of inventory for buyers.  The fewer days on market reflects the desire for updated, well maintained and well priced homes–they always sell quickly. I still believe that overall, prices are up for Brookside compared to last year.

Currently there are 101 single family homes for sale in the Brookside zip code of 64113 with a median list  price of $390,000 and 128 days on market.  Over half the homes for sale right now are priced over $400,000.  The highest price home is on Ward Parkway listed at $4.95 million and the lowest is $179,000.  You can see the average sales price we are experiencing reflects the demand for homes priced at $350K or less.

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

Armour Hills Home Sales Drop in June 2014

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.

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

Bluegrass Concert in Brookside Helps Southwest Students

Strong schools are supported by  the communities they serve…and regarding SoHLogo-V-03-10-09Southwest High School in Brookside, I believe the strongest support has come from it’s neighbor,  Wornall Road Baptist Church.  Led by Pastor John Mark Clifton, the members of this church have reached out to the families and students at Southwest for the past three years.

Through their generosity, this congregation has provided:

*all meals for the football and basketball teams, including a spring  sports awards banquet

*uniforms for the track team

*coaches for cheerleading team

*emergency assistance for victimized students

*student mentoring

John tells me  the students and families are so very grateful for everything the church provides, and his members feel they get back so much more from the kids than they give.

And in order to fund all of these special services, Wornall Road Baptist Church hosts a bluegrass concert each year to raise money for their efforts.  This year’s show is Sunday July 20, 2014 at 7pm and features Grammy nominated and Hall of Fame member Doyle Lawson and Quicksilver.

Here’s your chance to see an excellent bluegrass show, in an intimate setting (only 400 seats!) and show your support for the Church’s local mission.  Tickets are very reasonably priced at $10 and $15, and are available online at www.eventbrite.com (search for Doyle Lawson) or at the church on Sundays from 9:15-10:15am. Prior to the show, there will be food trucks, live music, games and classic cars on display outside beginning at 5pm.

When making your weekend plans, join the members for the Wornall Road Baptist Church for an evening of lively bluegrass music.  All are welcome!

NeighborhoodLIFT Program Helps Brookside/Waldo Homebuyers

 

neighbor lift twoThis blog brings exciting news for potential homeowners in Brookside and Waldo!  Wells Fargo Home Mortgage is bringing the NeighborhoodLIFT  program to Kansas City.  If  qualified, Wells Fargo is giving buyers $15,000 towards the down payment on a home purchase within the Kansas City MO limits.  This is an incredible opportunity  for cash strapped individuals and couples who want to own a home–but need more money for a down payment.

Of course, there are some parameters–I am outlining the main points below:

*Individuals can earn no more than $53,000 per year.

*Participants must qualify for a loan.

*If you stay in the home for five years, you don’t repay the $15,000. If you sell before five years, you have to give part of the money back, based on a prorated amount.

*The price of the home must be $200,000 or less; owner-occupied only.

*Once you have a confirmed reservation to participate in the program, you have until Sept 17 to write a contract on a home.

*Participants must attend a homebuyer education class.

*You do not have to be a first time homebuyer; if you currently own a home it must be sold prior to closing.

If you, or someone you know, would benefit from Neighborhood LIFT, there is more information on their website.  It is suggested that you contact a Wells Fargo lender and get pre-qualified now.  Then, stop by the NeighborhoodLIFT event at the Crown Center Exhibit Hall A, July 18-19 from 10am-7pm.  You must stop by this event to reserve your funds for 60 days. Here are two Wells Fargo contacts that can help you with pre-qualification:  Ellen Young, 913 319 7902  ellen.young@wellsfargo.com  or Rob Croake 913 319 7970  rob.croake@welllsfargo.com

Depending on the cost of the house, this program enables renters to possibly purchase a home with a mortgage payment less than a rent payment!  It really is an excellent program  for those who are qualified to buy.  Please pass on this information to anyone you know who can use it.

IB High School Proposed for Brookside

southwest1Big news was recently announced for homeowners in Brookside:  Academie Lafayette and KC Public Schools want to form  a partnership to create an International Baccalaureate high school at Southwest High School, 6512 Wornall Road.   If all plans are approved, the first students would enroll in Fall 2015.

Why is this important news for all residents–not just those with school aged children?  Because a successful, well-maintained and respected public school in the heart of Brookside could raise property values and keep families in the neighborhood long term.  I’m very optimistic about this possible new partnership–but of course there are many details to sort out over the next few months.  I attended a  meeting  last week  for parents of current Southwest  students (although I do not have any children at the school) to find out more.  Here are a few things I learned, outlined in bullet points:

*Academie Lafayette would operate the school, hire staff and manage curriculum.  KCPS would retain ownership and maintenance of the building. It would not be a French immersion school, but would have several  foreign language options.

*Prospective students that do not graduate from Academie Lafayette would need to pass a test before enrolling at the school.

*The inaugural 9th grade class (2015-2016) is expected to have 100-150 students, split equally with AL and other grade school grads.  (Southwest has a capacity for over 1600 students; current enrollment is about 500 teens).  One additional class would be added each year through 12th grade.

*Students who  leave Southwest will meet with KCPS representatives, one on one, along  with their parent/guardian, to discuss placement in other schools.

*The proposed partnership has been approved by the MO Dept of Elementary and Secondary Education and the AL charter school sponsor, the University of Central MO. Students would be considered KCPS students.   A final decision is expected before the end of the year.

To learn more…attend a meeting!  If you are the parent/guardian of a current SW student,  the next Family Meeting is Thursday July 17, 6:30pm  at Paseo Academy. Two Public Meetings are scheduled for 6pm Tuesday July 8 and Tuesday July 22 at Paseo Academy.  Online resources:  www.kcpublicschools.org/alhs and the Mind Mixer forum  www.kcpsforum.org

New CID Tax Proposed for Morningside Neighborhood

Recently I read that the Morningside Neighborhood Association plans to create a CID (Community Improvement District) to generate revenue for improvements to their Brookside neighborhood.  The story in the Kansas City Star implied the proposed CID  could be connected  with bringing the streetcar route into Brookside.  This sounded odd to me, so I met with association Vice President Ryan Loehr  to learn more.

morningsideMorningside is a beautiful area of Brookside, with boundaries that run from 59th St to 65th St and Oak to Brookside Boulevard.  Currently the $35 annual dues are voluntary, and Ryan says less than half the households pay the fee.  The monies collected  pay for regular neighborhood events, such as the September Sunset Supper and monthly Fly The Flag gatherings.  However, the Association wants to have a reliable source of income to fund  several other services that would benefit homeowners.  The $125 fee per household would be collected by Jackson County and raise about $67,000 per year.  In order for the CID to go into effect, a majority of homeowners need to sign a petition in favor of tax and each signature must be notarized. Ryan assured me there is absolutely no connection with their proposed CID and the possible future routes of the streetcar.

Checking the association’s website posting of the Spring 2014 newsletter, you’ll find an outline of how the money would be spent.  Most of it -$33,000-would go towards regular yard waste pick up. About $10,000 would pay for landscaping and signage.  (and of course the City of KCMO would collect  earnings tax on this CID fee–sounds like double taxation to me).  Overall, the $125 charge seems reasonable to keep up appearances in the nieghborhood, which helps keep property values up.  The Morningside Neighborhood Association leaders are all volunterrs, and as a board member of the Armour Hills HOA, I know how much time and money  it takes to maintain an older neighborhood with various islands and markers.  Residents should be thankful  the board has the foresight and initiative to create a CID in order to maintain the area with a more reliable funding source.

The Morningside CID is not a confirmed tax.   Ryan says they are planning to invite homeowners to sign the petition at specific upcoming events yet to be determined. There will also be at least one public meeting later this summer.  Watch the association’s website for details.

Home Near UMKC For Sale – $150,000

front oneDo you know someone who wants to live near UMKC?  Or perhaps a parent who wants to invest in a home for student rental?  My new listing could be a good match!  This large home, located at 5831 Rockhill Road, is just south of the UMKC main campus, and is also close to Rockhurst University.  Priced right at $150,000–it’s a good investment.

This is a four bedroom, bungalow floorplan home.  There is a large living room and  dining room on the first floor, plus a kitchen and cozy breakfast room.  Two bedrooms and a full bath are on the main level.  The second floor has two more bedrooms and a half bath–which I think you could convert into a full bath by adding a shower.  Most all of the windows have been replaced, a new sewer line and furnace were recently installed, and all appliances stay including the refridgerator, washer and dryer. It also has many original architectural details: curved entry walls, built ins, crown molding, original subway tile in bathroom.   Outside you’ll find a charming front porch, fenced yard in back with a patio and a private drive with enough space for 2+ vehicles.liv frplc

The location is great–close to UMKC, Rockhurst, Brookside, and the Country Club Plaza–plus the Metro Bus runs along Rockhill. Click over to my website for more photos or contact me for additional information. 5831 Rockhill Road, just north of 59th St on the east side of Rockhill.