Brookside Home Sales Report-March 2018

The busy spring home buying season is here and buyers are hungry for fresh listings, especially those priced at $350K or less.  Let’s take a look at the Brookside home sales report for March 2018, using the main Brookside zip code of 64113:

March 2018                                                                 March 2017

Median list price:       $429,000                                Median list price:       $395,000

Median sales price:    $394,000                               Median sales price:    $395,000

No. of homes sold:         23                                       No. of homes sold:        23

Days on market:             14                                       Days on market:           34

Notice the median sales price is virtually the same as a year ago, and number of homes sold is the same.  Homes this year went under contract in a shorter amount of time–just two weeks. The lowest sales price last month was $255,000 and the highest was $1.1 million.

Year to date figures below:

Jan-March 2018                                                           Jan-March 2017

Median list price:      $387,450                                   Median list price:       $397,000

Median sales price:   $373,000                                 Median sales price:    $394,000

No. of homes sold:         52                                        No. of homes sold:      50

Days on market:            25                                          Days on market:          37

Although the median sales price is lower YTD this year compared to last, I don’t think that signals an overall slump in sales prices.  We have such a wide range of prices in Brookside–I think the lower median number reflects more ‘lower’ priced homes selling, and that’s where the demand is (not for $500K and over).  Also, note the trend of more homes closing and going under contract in a shorter amount of time compared to 2017 YTD.

Currently there are 33 active listings in zip code 64113.  The median list price is $529,950 and 33 days on market. Prices range from $$249,000 up to $2.89 million.  Sixteen homes are priced over $500K.

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

Advertisements

Armour Hills Home Sales Stats-Feb 2018

The numbers for these stats are …very unusual !  I double checked all of the figures.  You’ll see the numbers prices are identical–what are the chances of that?  Here are the February and YTD figures for the Armour Hills subdivision in Brookside:

February 2018                                                                  February 2017

Median list price:     $299,000                                      Median list price:     $314,500

Median sales price:  $299,000                                     Median sales price:   $314,500

No. of homes sold:         5                                              No. of homes sold:        5

Days on market:            5                                               Days on market:            38

Last month, three of the five homes sold at or over list price.  It’s definitely a sellers’ market in Armour Hills.  Here are year-to-date figures:

Jan-Feb 2018                                                              Jan-Feb 2017

Median list price:    $299,000                                 Median list price:       $314,500

Median sales price:  $299,000                               Median sales price:     $314,500

No. of homes sold:    9                                            No. of homes sold:       9

Days on market:        5                                            Days on market:          36

For some fluke reason, the median list and sales prices are exactly the same each month comparing the dates.  That’s consistency!

Currently there are seven homes for sale in Armour Hills, with a median price of $348,000 and 12 days on market.

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

 

Waldo Home Sales Report-Feb 2018

Waldo is again in high demand for home buyers–final sales prices are (at times) thousands of dollars over the list price.  Here are the Feb 2018 single family home sales stats for Waldo, using the area of State Line to Holmes and Gregory to 85th St:

February 2018                                                               February 2017

Median list price:      $149,950                                  Median list price:      $192,950

Median sales price:   $160,000                                 Median sales price:   $180,000

No. of homes sold:          27                                       No. of homes sold:      26

Days on market:              24                                        Days on market:         31

Look at that median sales price, $11K over list price!   Last month there was a one bedroom, one bath home listed at $90K and sold for $110K–$20,000 over asking price for a one bedroom home!  I really feel for the buyers, who get so discouraged losing out in bidding wars.  More inventory will open up over the next three months.

Here are year-to-date stats:

Jan-Feb 2018                                                                    Jan-Feb 2017

Median list price:     $161,250                                    Median list price:      $171,350

Median sales price:  $161,500                                    Median sales price:   $168,375

No. of homes sold:        46                                           No. of homes sold:       52

Days on market:            23                                           Days on market:           31

So far this year sellers are getting at least asking price; many times more than that.  I think many of these lower price range buyers realize–rents are going way up, why pay someone else’s mortgage when you can buy and have a house payment similar to rent? The challenge is finding a well maintained, updated home with a lower budget.  It will be another strong year for Waldo home sales!

Currently there are 16 active listings, with a median price of $218,500 and 6 days on market.

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

Brookside Home Sales Stats-Feb 2018

It’s early in the year, however home buyers are out shopping–traffic during open houses is very heavy!  There still isn’t very much inventory in the highly sought after $200-$350K price range — and those that do pop on go under contract almost immediately.  Here are the February 2018 single family home sales stats for Brookside, using zip code 64113.

February 2018                                                       February 2017

Median List Price:    $349,950                           Median List Price:      $421,250

Median Sales Price:  $320,000                          Median Sales Price:   $402,000

No. of homes sold:        11                                  No. of homes sold:        14

Days on market:            9                                    Days on market:             43

Although the median sales price was much lower than last year, consider that in Feb 2017, more expensive homes sold, including a $1.2 million dollar property.  Here are year-to-date figures:

Jan-Feb 2018                                                               Jan-Feb 2017

Median List Price:     $399,900                              Median List Price:       $399,000

Median Sales Price:   $376,000                             Median Sales Price      $393,461

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

Days on market:             9                                       Days on market:             43

The highest sales we’ve had so far this year is $1.7 million in January.

Currently there are 32 homes listed in 64113, with a median sales price of $469,750 and 25 days on market. The lowest priced home is $259,950 and the highest is $2,890,000.  Just one half of the homes listed are under $450,000.  

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

Waldo Home Sales Stats-Jan 2018

Waldo homes did not last long when put up for sale last year–they generally went under contract in less than two weeks and median prices were up 5.6% over 2016. I think demand for Waldo homes will continue to be strong in 2018.  Below is the first report of home sales for this year, using the geographic area of Gregory to 85th St and State Line to Holmes:

 

January 2018                                                                     January 2017

Median list price:     $164,450                                       Median list price:      $159,950

Median sales price:    $160,750                                     Median sales price:  $159,000

No. of homes sold:        18                                              No. of homes sold:       27

Days on market:            24                                              Day on market:            36

The lowest closed sales price last month was $58,500 and the highest was $295,000. 

Currently there are just 12 single family homes for sale in Waldo, with a median list price of $227,500 and ten days on market. The lowest priced home is $70,000 and the highest is $399,900.

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

Armour Hills Home Sales Stats-Jan 2018

As I write this blog, I am looking ahead wondering if Armour Hills will again be one of the most desirable neighborhoods for buyers in 2018. Last year the average days on market for a new listing in Armour Hills was just 7, and median home prices increased 14.9% over 2016. Those numbers say a lot about how strong this neighborhood is.

Let’s take a look at the stats for last month:

January 2018                                                                  January 2017

Median list price:     $289,975                                      Median list price:      $329,475

Median sales price:  $284,500                                      Median sales price:   $327,500

Days on market:            5                                                Days on market:            18

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

Although the median home sales price was much lower than 2017, that reflects the fact  lower prices homes sold last month.  Still, three of the four homes that sold were at or above list price. The highest sales price was $340,000 and the lowest was $185,000.  I believe Armour Hills will again be a strong destination for home buyers this year.

Currently there are five active listings in Armour Hills, with a median price of $345,000 and 71 days on market.  

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

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:

Continue reading