Armour Hills 2017 Home Sales Recap

In one of my blog posts last year, I stated that Armour Hills could be the hottest Brookside neighborhood, based on home buyer demand and prices.  I think the year end stats back up that claim!  First let’s take a look at December home sales stats for the Armour Hills subdivision:

December 2017                                                             December 2016

Median list price:       $269,950                                   Median list price:      $277,500

Median sales price:    $279,000                                  Median sales price:   $281,500

No. of homes sold:         4                                            No. of homes sold:        8

Days on market:             3                                             Days on market:           42

In both months, the median sales price exceeded the list price!  Also of note–homes went under contract within just a few days in 2017.  Below are year end comparisons:

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Brookside 2017 Home Sales Report

So how much have home values changed in Brookside since 2016? In the past five years?  I’ll give you the answers in this blog…but take a guess before reading if you like! Here’s a hint:  they have increased, not decreased.  First, we’ll start with December 2017 numbers; all figures based on the main Brookside zip code of 64113:

December 2017                                                          December 2016

Median list price:     $439,000                                 Median list price:    $335,000

Median sales price:  $442,000                                 Median sales price:  $329,248

No. of homes sold:     27                                            No. of homes sold:    20

Days on market:         29                                            Days on market:        36

In December 2017, eight homes sold at or over list price, and sixteen homes homes closed at over $400K.  Now let’s look at year end figures, with comparisons to the past five years:

2017                                                                                   2016

Median list price:       $395,000                                 Median list price:       $350,000

Median sales price:    $386,000                                 Median sales price:    $350,000

No. of homes sold:      296                                           No. of homes sold:       325

Days on market:            20                                            Days on market:            34

In one year, Brookside home values increased 10.2%. Fewer homes sold (not due to lack of demand; due to lack of inventory) and in a shorter amount of time.  (Of course home value depends on many factors, including location, condition, size, etc.) The lowest sales price in 2017 was $168,500 and the highest was $3.225 million.  

For reference, the 2015 median sales price was $329,000; 2014 was $306,500 and 2013 was $296,750.  In five years, homes have appreciated about 30%. 

I predict Brookside will have another strong year for home sales, with demand especially high in the $200,000-$350,000 price range.

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

Waldo Home Sales Report-Nov 2017

Like it’s neighbor Brookside, Waldo homes continue to increase in value as the year comes to a close.  Homes are not staying on the market very long, and sellers are getting very close to asking price.  Here are the November 2017 single family home sales stats for Waldo, using the street boundaries of State Line to Holmes and Gregory to 85th St:

November 2017

Median list price:      $179,900

Median sales price:   $177,000

No. of homes sold:        33

Days on market:            6

The lowest sales price was $61,000 and the highest was $409,900.

November 2016

Median list price:     $175,000

Median sales price:  $172,000

No. of homes sold:      29

Days on market:        15

Here are the year-to-date figures:

Jan-Nov 2017

Median list price:     $179,900

Median sales price:  $180,000

No. of homes sold:      380

Days on  market:        12

Jan-Nov 2016

Median list price:         $164,975

Median sales price:     $165,000

No. of homes sold:          398

Days on market:             23

As you can see from these numbers, Waldo has been a hot neighborhood for buyers the past two years. Prices are up 9% over last year.  Currently there are 22 active listings, with a median list price of $180,000 and 35 days on market.

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

Brookside Home Sales Report-Nov 2017

Home sales have slowed in Brookside, as they traditionally do this time of year. Very few sellers list their homes during the holiday season and through the cold months early in the year. Here are the November 2017 single family home sales stats for Brookside, using zip code 64113:

November 2017

Median list price:     $409,000

Median sales price:  $405,000

No. of homes sold:        17

Days on market:            26

November 2016

Median list price:      $350,000

Median sales price:   $349,000

No. of homes sold:        25

Days on market:            35

Technically, home prices were up 15% over last November, however there were two $1,000,000+ sales last month.  The higher dollar sales push the median price.  Let’s look at the year-to-date figures:

Jan-Nov 2017

Median list price:     $385,000

Median sales price:  $380,000

No. of homes sold:     269

Days on market:          19

Jan-Nov 2016

Median list price:     $350,000

Median sales price:  $350,000

No. of homes sold:       307

Days on market:           34

Year-to-date, home values in Brookside are up just over 8%.  Note that homes are selling faster, and sellers are getting very close to list price.  Currently there are 28 active listings in Brookside with a median price of $525,000.  Seventeen of the homes are priced over $500K.

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

Armour Hills Nov 2017 Home Sales Stats

Armour Hills in Brookside continues to be a desirable destination for home buyers–that is one reason prices continue to rise.  Looking at the year to date stats for this neighborhood shows a large increase in values compared to 2016.  It will be interesting to see what the final 2017 numbers show.  First — here’s the November figures:

November 2017

Median list price:     $346,000

Median sales price:  $341,250

No. of homes sold:       4

Days on market:         27

November 2016

Median list price:     $260,000

Median sales price:  $260,000

No. of homes sold:     9

Days on market:       35

Fewer homes sold last month, however the ones that did close were higher priced than a year ago.  The lowest sales price in November 2017 was $202,000 and the highest was $405,000.  Checking year to date figures:

Jan-Nov 2017

Median list price:     $317,250

Median sales price:  $314,250

No. of homes sold:      88

Days on market:          9

Jan-Nov 2016

Median list price:     $275,000

Median sales price:  $274,500

No. of homes sold:      82

Days on market:         27

Home prices in Armour Hills are up over 14% year to date!  Currently there are 6 active listings, with a median price of $310,950 and 46 days on market.

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

Armour Hills Home Sales Report-Oct 2017

The Armour Hills subdivision in Brookside has been one of the hottest locations for home buyers this year–the rising prices reflect that demand.  Here are the October 2017 home sales stats for Armour Hills, with a comparison to last year:

October 2017

Median list price:       $329,250

Median sales price:    $327,250

No. of homes sold:       8

Days on market:          47

The lowest closed sales price was $235,000 and the highest was $446,500.  

October 2016

Median list price:       $289,475

Median sales price:    $294,499

No. of homes sold:        12

Days on market:            27

Checking year-to-date figures:

Jan-Oct 2017

Median list price:       $314,750

Median sales price:    $313,250

No. of homes sold:        84

Days on market:            9

Jan-Oct 2016

Median list price:        $275,000

Median sales price:     $274,500

No. of homes sold:        72

Days on market:            25

Note that this year, sellers are getting 99% of their asking price, and prices are up 19% over 2016.  Currently there are seven homes listed in Armour Hills, with a median price of $307,000.  Two of the homes are  over $500K– that’s rare high asking price for our neighborhood.  

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

Armour Hills Home Sales Report – Sept 2017

Armour Hills continues to be one of the hottest neighborhoods in Brookside for buyers–many sellers who have maintained and updated their homes through the years are  experiencing multiple offers and quickly getting the homes under contract.  Here is the September 2017 home sales report for the Armour Hills subdivision in Brookside:

September 2017

Median List Price:      $311,225

Median Sales Price:    $313,250

No. of Homes Sold:          6

Days on Market:               3

The lowest closed price was $195,000 and the highest was $415,000–that was $16K over the list price of $399,000.  Every sale except one sold at or over asking price. 

September 2016

Median List Price:     $244,950

Median Sales Price:   $247,500

No. of Homes Sold:       6

Days on Market:           39

Here are year-to-date comparisons:

January-September 2017

Median List Price:     $314,750

Median Sales Price:   $313,250

No. of Homes Sold:       76

Days on Market:            7

January – September 2016

Median List Price:     $269,700

Median Sales Price:   $268,500

No. of Homes Sold:       62

Days on Market:           25

Technically these figures show a median sales price increase of 16% compared to last year–however I don’t think the year end figure will be that high.  Currently there are six homes listed in Armour Hills, with a median list price of $317,000 and 32 days on  market.