Armour Hills Home Values Up Over 7% YTD-May 2015 Stats

PrintGood morning neighbors!  I have positive news to report again about home values in our Armour Hills subdivision.  Prices are up–some sellers are getting over the asking list price!  As a Realtor, I do not advocate offering a price that is significantly over the posted price.  (it is happening very often this spring in the Prairie Village homes priced from $225-$300K).  Still, it’s all about what the house is worth to a particular buyer….and the appraiser of course!  Here are the home sales stats for Armour Hills in Brookside, Kansas City MO for the month of May, 2015:

In May 2015, eleven homes sold with a median list price of $256,900 median sales price of $262,000 and 36 days on market.  

In May 2014, nine homes sold with a median list price of $259,000; median sales price of $252,000 and 76 days on the market.  

The median sales price was higher than list price in May because: one home sold for $8500 over list price; another home sold $7000 over list price and a third sold $3000 over list price. When you take those three homes out of the equation, the median list price was $256,900; sales price $255,000–very close to asking price.

Checking year-to-date figures:

From January through May 2015, 35 homes have sold with a median sales price of $262,000 and 36 days on market.

From January through May 2014, 27 homes sold with a median sales price of $243,000 and 34 days on market.   

Generally, homes are going under contract within one month of listing.  Median prices are 7.5% over the same period in 2014.  Currently we have 8 homes for sale in Armour Hills, with a median list price of $269,000.  The lowest priced home is $174,900 and the highest is $300,000.

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

Brookside Home Prices Still Rising- May 2015 Stats

How is your summer so far this year?  Are you admiring all the bright green grass and blooming flowers in Brookside?  Many potential homebuyers are…prices are up once again for May, 2015.  We are in the middle of the busiest part of the year for home sales, and Brookside continues to be a desirable location for new residents.  Let’s look at the single family home sales for May, 2015 for the main Brookside zip code of 64113:

In May 2015, 46 homes sold.  The median list price was $320,000 and the median sales price was $3310,000.  Average days on market: 29.

In May 2014, 36 homes sold.  The median list price was $304,900 and the median sales price was $293,000.  Average days on  market: 32.

The lowest sale price last month was $165,500 and the highest was $1,165,000 on the 800 block of W 55th St, cash.  

Checking year to date figures:

From January through May 2015, 118 homes sold with a median list price of $325,000 and median sales price of $319,000 and 47 days on market.  The $1.6 million sale referenced above is the highest for the current year.

From January through May 2014, 103 homes sold. The median list price was $314,000 and median sales price was $300,000 and 37 days on market.

So far Brookside home values are ahead of last year by 6.3%!  

Currently there are  63 active single family homes for sale in Brookside (zip 64113) with a median price of  $475,000  and 48 days on market. Ten homes are priced over $1million; 26 of the 63 for sale have a price tag over $500,000.  This pushes the median price up.  Still a lack of good inventory for buyers in the $250-$350 range.

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

Second Annual PorchFestKC Happening June 13 in Kansas City

porchfest logoThis Saturday, June 13 is the second annual PorchFestKC in the West Plaza area. It’s an event not happening in Brookside or Waldo, but I’m writing about it anyway because it’s such a fun, unique happening…and perhaps someone will be inspired to organize a PorchFest for Brookside!

PorchFestKC is a free music festival, where residents offer their porches and front yards to local musicians to play for the afternoon.  The general boundaries for the event are: Westport Road to 47th St, Genessee to Terrace.  More than 100 different bands are expected to perform on nearly 40 porches and — potentially 6000 people will be walking around the neighborhood, soaking up the music.  You’ll hear various types of music, and all performances are acoustic or ‘near acoustic’.

KathrynWe can thank Brookside resident Kathryn Golden for bringing PorchFest to Kansas City. It is a national event, and Kathryn attended one in Napa, CA  (there are about 30 PorchFests in North America this year) .  When she moved back to Kansas City, Kathryn wanted to ‘make a project for herself’ and decided to organize the event in her (then) West Plaza neighborhood.  It is a huge commitment of her time:  she reviews all applications for the bands, organizes the volunteers, solicits sponsors and manages the media.  This year there will be a few food trucks scattered about, and you may see some pop up art for sale in the yards.

A few other items to note if you plan to attend:  all musicians play for tips only,  so visitors are encouraged to bring a pocketful of small bills and tip those performers you listen to. Parking is virtually non existent as this is a tight residential area–so plan on parking the car elsewhere (or carpool, ride the bike, etc) and walking to the festival.  Bring a lawn chair if you like.  This is a family friendly, alcohol-free event. Rain date is Sunday June 14.  A line up of bands, where they are playing, and a map are available at www.porchfestkc.com or at www.facebook.com/PorchFestKC.

Armour Hills Home Prices Continue to Rise–April 2015 Stats

PrintYes, it’s early June and today I am reporting single family home sales for Armour Hills forthe month of April 2015.  I will post the May stats next week.  Prices continue to rise in Brookside!   Let’s examine the numbers:

In April 2015, five homes sold with a median list price of $275,000; median sales price of $269,500 and just 19 days on market.  

In April 2014, eight homes sold with a median list price of $230,000; median sales price of $222,000 and 54 days on the market.  

The lowest sales price in April 2015 was $200,000; the highest was $315,000.

Checking year-to-date figures:

From January through April 2015, 23 homes have sold with a median sales price of $265,000 and 34 days on market.

From January through April  2014, 18 homes sold with a median sales price of $239,950 and 28 days on market.   

Looking at the year to date figures, median sales prices have jumped way up from last year.  Keep in mind, however, we have a wide range of prices in Armour Hills–if more of the larger, higher priced homes sell, then the median price rises as well. Our neighborhood continues to attract buyers willing to pay top dollar for well maintained, updated homes!

Currently there are 12 active listings in Armour Hills, with a median sales price of $255,000 and 33 days on market.

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

Brookside Home Sales – Stats for April 2015

It’s June 1, and I am today reporting Brookside closed single family home sales for the month of April 2015.  Prices continue to rise in our neighborhood!  Let’s examine the numbers:

In April 2015, 27 homes sold in the Brookside area.  The median list price was $389,900 and the median sales price was $380,000.  Average days on market: 31.

In April 2014, 24 homes sold.  The median list price was $350,000 and the median sales price was $3345,000.  Average days on  market: 37.

The lowest sale was $200K.  There were seven sales over $500,000, with the highest closed sales price at $1.1 million in the Sunset Hill subdivision.

Checking year to date figures:

From January through April 2015, 72 homes sold with a median list price of $325,000 and median sales price of $320,000 and 49 days on market.

From January through April 2014, 67 homes sold. The median list price was $320,000 and median sales price was $307,000 and 38 days on market.

So far Brookside home values are ahead of last year by 4.2%.  There is still a lack of good quality, updated inventory in the $200-$300K price range.

Currently there are 31 single family homes for sale in Brookside (zip 64113) with a median price of 439,950 and 44 days on market. The lowest list price is $159,900 and the highest is $2.25 million.

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

Brookside Betty’s Celebrates One Year Anniversary

Brookside Betty’s, the retro style dress shop at 6215 Oak is celebrating it’s one year anniversary this week with a themed event: Enchantment Under the Sea. Never heard of Brookside Betty’s? Well, here’s a bit of background on this cute, locally owned shop at the bustling corner of 63rd and Oak.  If you like comfortable, mid century modern type dresses–this is the shop for you! 

Jacqui Brewer, owner of Brookside Betty's

Jacqui Brewer, owner of Brookside Betty’s

Owner Jacqui  Brewer was a world history and government teacher at St Teresa’s Academy. Working in retail throughout her student years, she kept thinking about the need for a dress shop in the neighborhood. Every day she would drive along Oak St towards STA and noticed the vacant store front. Every day she thought about opening the dress shop. Finally, she decided to quit her teaching job and made plans to have her own store.   dress twoThe front door greets you with a sign: Come in, it’s not as expensive as it looks. And that’s true! Most of dresses, made in the US and Europe, are priced between $55-$150. There are a variety of fabrics, prints and solids in the style of the 1940s through the 1960s, plus a few ‘little girl’ dresses. Jacqui will work with special orders for unique events and weddings.  You’ll also find really fun accessories here: some jewelry, unique luggage tags, coin purses, and a retro inspired laptop bag that can double as a handy make up tote!

accessoriesHaving been in business a year now, Jacqui decided to celebrate her success with the Enchantment Under the Sea dance. Current customers, as well as perspective shoppers, are welcome to come by and join in the festivities.  The event begins at 7:30pm Saturday May 30. Regular store hours are Tuesday through Friday, 11am-6pm and Saturdays noon-5.  The warm spring weather we have is perfect for dress shopping–stop in Brookside Betty’s and slip into something stylish and comfortable you’ll wear through the fall months! dress one

Waldo Home Values Continue to Rise – March 2015 Home Sales Stats

Waldo home values continue to rise in 2015, compared to one year ago.  Buyers love this area’s convenient location to most parts of the metro area, the  locally owned businesses and charming homes with friendly neighbors. There is a lack of inventory as well–for updated and well maintained homes in the $170-$220 price range.  Let’s look at the single family home sales for the Waldo area for March 2015, using the boundaries of State Line to Holmes and Gregory to 85th St. 

In March 2015, 30 homes sold with a median list price of $135,000 and a median sales price of $137,000 with 30 days on market. 

In March 2014, 34 homes sold with a median list price of $140,000 and a median sales price of $140,500 with 84 days on  market. 

Why was the March sales price higher than the list price?  Could be that some homes had multiple offers, pushing the price up; or the buyer added some closing costs to the price to finance the charges.  Days on market (the number of days a house is on the market before a contract is confirmed) is less than half of March 2014.

 Checking year to date figures: 

From January through March 2015, 69 homes sold with a median sales price of $145,000. 

From January through March 2014, 58 homes sold with a median sales price of $136,500. 

Prices in Waldo are up 6.2% so far this year! 

Currently there are 37 single family homes for sale in Waldo, with a median list price of   139,900  and 40 days on market.

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