Brookside East – New Businesses Coming East of Oak on 63rd St

The old saying in real estate is true: what matters is location, location, location. It’s the first question I ask potential buyer client. And what drives commercial real estate prices in a certain location? It’s the condition of the properties; the convenient, sought after area;  the nearby residents who will support the local businesses; the street atmosphere, landscaping, and walk score.

Butch Rigby

Butch Rigby

Thanks to local real estate tycoon Butch Rigby and a handful of other local investors, “Brookside East” is on the brink of becoming a sought after destination for new businesses..and in turn will should home values nearby. We already have a solid core of  shops at 63rd and Oak; Butch and his pals have purchased several buildings to the east of that intersection. The Brookside Gardens Event Center (in the former Alanz Theater at 624 E 63rd St) will open in the fall. I think this may be the only commercial event space in Brookside that will seat 250 people. Construction workers are busy inside, completely renovating the interior to include a prep kitchen for caterers,  dance floor, an outdoor patio, bathrooms and a second floor ‘bridal suite’ for wedding parties to gather before the reception. Butch is working with a specialty architect to restore the front of the building to the way he believes it looked when built. Heritage Events will be the operator of this space; and various special events and weddings are already scheduled for later this year.

Home of the KC Juice Company

Home of the KC Juice Company

Directly east of Brookside Gardens will be the Kansas City Juice Company (634 E 63rd St) , operated by Robin Krause and partner Amy Bartosik (formerly of The Filling Station). Robin plans to open in September. She will offer 90% organic and local products, featuring salads, sandwiches, cold pressed juices, protein treats, coffee and juice cleanses. There will be six inside tables in this unique, A-frame building plus a drive through outside! And next to the juice spot will be 63Brookside apartments–a three story, 23 unit building scheduled to open next year.

Across the street at the southwest corner of Holmes and 63rd, Butch is renting space to: Can I Have A Bite?, moving to Brookside from a Waldo location on Wornall; plus Golden & Pine, a home goods store, and he’s working on leasing to a wellness center. Butch is very conscious of the tenants he wants as a landlord–he explained he has ‘turned down so many businesses that would not fit and would not be the right use in this area. We want a solid, vibrant, healthy corridor of businesses as the block spreads east to Troost”. He also is renovating an office building on the south side of 63rd east of Oak.

All of this new development is very exciting for the Brookside area..and it’s especially fortunate the owners are local business people who know our neighborhood rather than outside developers. With successful new commercial and retail space blossoming along this long ignored corridor, you should see home values pulled up as well. As the months go along, I’ll blog about the individual new shops and spaces as they open to the public. Brookside East…a welcome improvement to the neighborhood!

brookside gardens

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)

Brookside Home Prices Trending Upward – July 2015 Stats

We are at the halfway mark for 2015 home sales….so how are we doing here in Brookside? Home values are up!  Let’s examine the single family home sales for June 2015 in the Brookside zip code of 64113:

In June 2015, 56 homes sold.  The median list price was $325,000 and the median sales price was $325,000.  Average days on market: 30.

In June 2014, 29 homes sold.  The median list price was $294,000 and the median sales price was $286,000.  Average days on  market: 15.

The lowest sale price last month was $115,100 and the highest was $1,8 million–that was the newer built house on Meyer just east of the fountain that has been on the market for a couple of years now.    

Note the median list price and sales price were the same:  sellers are getting very close to their asking price, if priced properly.  This reflects the lack of desireable inventory for buyers to choose from when home shopping.  

Checking year to date figures:

From January through June 2015, 174 homes sold with a median list price of $325,000 and median sales price of $320,000 and 41 days on market.  

From January through June 2014, 132 homes sold. The median list price was $304,900 and median sales price was $295,000 and 33 days on market.

So far Brookside home values are up 8.47% compared to last year.

Currently there are 70 single family homes for sale in the Brookside zip code of 64113, with a median list price of $479,950.  In the sought after price range of $200-$300K, only 14 homes are listed.  In contrast, 32 homes are priced at over $500K, with ten over the $1million mark. As I write this blog today, the Wall Street Journal has a front page story about the lack of inventory across the US for home buyers–in many markets, buyers have to go several thousand dollars over the asking price to secure the contract. Yes, that has happened in our metro area as well.

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

Annual Brookside Bluegrass Festival – July 19, 2015

flatt posterThis Sunday, July 19, the annual Brookside Bluegrass Festival is happening at the Wornall Road Baptist Church, 400 W Meyer. Outside entertainment with local bands, food, and games for the kids begins at 4pm…and all are welcome!

The featured artist this year is Flatt Lonesome, a six member band that plays bluegrass with soaring harmonies, laced with traditional country sounds, progressive jams and gospel music.  The band was named Emerging Artist of the Year for 2014 by the International Bluegrass Music Awards program.  So if you like to see emerging, buzzed-about musicians in small, intimate spaces…this is the show for you as the group will perform in the church!

The Brookside Bluegrass Festival benefits athletic programs at neighboring Southwest High School.  Tickets for the show range from $12-$25, and are available online at brooksidebluegrass.com.

Flatt Lonesome

Flatt Lonesome

Brookside Sidewalk Sale July 9-12, 2015

brookside sidewalk saleWho doesn’t love browsing in Brookside?  Even better if you can pick up a few bargains!  The annual Brookside Sidewalk Sale starts Thursday July 9 and runs through July 12.

Many shops will be participating and showing off their discounted items each day along 63rd St east of Wornall.  I especially like stopping by Worlds Window–two years ago I bought a sterling silver ring at the sale for $10 that my daughter has ‘borrowed’ and never returned!  Also of note is 5B and Co. Candlemakers on Brookside Plaza–they have a “Beach Blanket” scent I want to try…to get me geared up for our upcoming Florida vacation!

And remember, the Brookside Farmers’ Market is open on Saturday mornings, with more and more fresh fruits, vegetables and baked goods every week. Summer’s bounty is here!  You can stock up on fresh food as well as bargains Saturday morning in Brookside.

Thank you for supporting our locally owned Brookside merchants!

Waldo Home Prices Continue Upward Trend – Stats for May 2015

I am a bit behind in reporting home sales stats for Waldo…it’s the busy home buying season!  I thought the week leading up to July 4 would be slow, but for me, it turned out to be busier than a regular work week!  Sales continue to be strong in Waldo; the area I am reporting on is State Line-Holmes and Gregory to 85th St.

In May 2015, 36 homes sold with a median list price of $175,000 and a median sales price of $174,000 with 37 days on market.  The lowest closed sales price was $41,000 and the highest was $375,000.

In May 2014, 41 homes sold with a median list price of $139,950 and a median sales price of $139,150 with 31 days on  market.  The lowest closed sales price was $23,000 and the highest was $279,000.

The May 2015 median price was higher than normal due to the $375K sale–that is a high home price for the Waldo area, however there is a pocket of homes west of Wornall that can bring the higher than normal price.  Note the days on market are virtually the same–which is good for home sellers, knowing the average length of time to get a home under contract is just over 30 days. Also, the final sales price is close to the list price.

Checking year to date figures:

From January through May 2015, 130 homes sold with a median sales price of $158,500 and 35 days on market.

From January through May 2014, 126 homes sold with a median sales price of $140,000 and 49 days on market.

Sales prices are up for the year, along with fewer days on market in Wonderful Waldo!

Currently there are 44 homes for sale in Waldo, with a median list price of $140,000  and  55     days on market.

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

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)