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.)

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Armour Hills Home Sales Report-Aug 2017

The Armour Hills subdivision in Brookside continues to be a desireable location for homebuyers this year–prices are up compared to 2016.  Here are the stats for August 2017, with a year to date comparison as well.

Aug 2017

Median list price:     $285,000

Median sales price:  $285,000

No. of houses sold:     11

Days on market:          19

Aug 2016

Median list price:     $254,500

Median sales price:   $254,000

No. of houses sold:       8

Days on market:          13

The highest closed price was $421,750 and the lowest was $235,000.  There is very little, if any, negotiation on list price.  

Here are the year to date stats:

Jan-Aug 2017

Median list price:     $315,000

Median sales price:  $312,500

No. of houses sold:       71

Days on market:           7

Jan-Aug 2106

Median list price:     $269,950

Median sales price:  $272,250

No. of houses sold:      56

Days on market:           13

Prices are up about 14% year to date–wow, that is quite a jump!  However, I don’t think final 2017 stats will show that much of an increase. Still, higher prices mean more equity for sellers and buyers are comfortable paying more to live in our neighborhood.  Currently there are five homes for sale in Armour Hills, with a median list price of $335,000 and 7 days on market.

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

Armour Hills Home Sales Stats-March 2017

Not a lot of activity in Armour Hills in March regarding  sold homes–however, that is normal as the first couple of months of the year are not popular times to list homes due to traditionally cold weather.  Still, there was an increase in median sales price!  Let’s look at the March 2017 home sales for Armour Hills, and a comparison to last year.

March 2017

Median list price:      $325,000

Median sales price:  $325,000

Number of homes sold:  5

Days on market:             6

March 2016

Median list price:       $234,975

Median sales price:   $229,475

Number of homes sold:  6

Days on market:             39

Four of the five homes that sold last month in Armour Hills were over $300K, pushing the median sales price up. Notice it was only a few days before the new listings went under contract.

Now let’s look at year to date:

Jan-March 2017

Median list price:      $395,000

Median sales price:  $395,000

Number of homes sold:  50

Days on market:             37

The lowest sales price so far this year $205,000 and the highest was $440,000.

Jan-March 2016

Median list price:        $389,500

Median sales price:    $382,000

Number of homes sold:   57

Days on market:              34

So far, prices are up 29% over first quarter 2016.  However, most of the increase is due to more expensive homes selling this year over same period one year ago.  Currently in Armour Hills there are four homes for sale, with a median price of $312,000 and 18 days on market.

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

Armour Hills Home Sales Report-Jan 2017

Armour Hills was a hot location for homebuyers in 2016: many sellers got close to asking price; some homes had bidding wars!  Median prices were up almost 3% over 2015.  I think 2017 will be a strong sales year for our neighborhood as well.  Let’s check the January 2017 sales for Armour Hills in the Brookside area of Kansas City:

January 2017

Number of homes sold:        4

Median list price:                  $329,475

Median sales price:               $327,500

Average days on market:         18

January 2016

Number of homes sold:         2

Median list price:                    $264,475

Median sales price:                 $269,155

Average days on market:          39

More expensive homes closed last month, pushing the median price higher.  Although only two homes sold in Jan 2016, one of them went for $12,555 over the asking price–so the median sales price is way higher than list price.

Currently there are just two homes for sale in Armour hills, with a median price of $315,000.

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

Armour Hills 2016 Home Sales Recap

It’s that time to look at 2016 home sales stats for Armour Hills in Brookside.  Overall, prices are up!  Let’s look at the December 2016 sales, and then move on to a 2016 recap.

Dec 2016:                                                 

Median list price:      $277,500                          

Median sales price:  $281,500                          

Number of homes sold:  8                                 

Days on market:             42

Dec 2015:       

Median list price:       $296,000

Median sales price:   $298,000     

Number of homes sold:  7    

Days on market:             28

Although median price was lower than last year, three of the eight homes that closed were sold at or over list price.                 

Now let’s look at the year 2016, as compared to previous years.:

2016                                                    

Median list price:      $275,000                                      

Median sales price:  $274,500                            

Number of homes sold:  89                                  

Days on market:             29

The lowest sales price was $176,000; highest was $499,000.

2015

Median list price:        $269,700

Median sales price:    $266,750

Number of homes sold:  80

Days on market:             33

Median prices are up 2.9% over 2015, and sellers are virtually getting their asking price.  More homes sold in 2016, and in a bit shorter period of time.  

For reference, 2013 median sales price was $249,500 and in 2014, it was $236,500.  Sales prices up 10% since 2013!  That is reassuring to sellers as they are building equity; buyers can feel comfortable purchasing in a neighborhood gaining value.  

As of this posting,  there are just three homes for sale in Armour Hills, with a median list price of $315,000 and 16 days on market.

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

Armour Hills Home Sales Stats – Oct 2016

Is Armour Hills the hot neighborhood for Brookside buyers this year?  Seems that way, as once again the median sales price is over the list price!  Because I live in Armour Hills, I can tell you buyers are very attracted to the area because of the central location to the Brookside shops, convenient Metro bus service, the revitalized park in the center of the ‘hood, easy access to the Trolley Track Trail  and the wide range of prices.  Here are the numbers:

October 2016

Ten homes sold. Median list price was $294,974. Median sales price was $304,999, with 34 days on market. Seven of the ten homes sold at or above asking price, with one home closing at $25,500 over the list price.

October 2015

Five homes sold. Median list and sales  price was $249,000 with 8 days on market.

Comparing year-to-date:

January-October 2016

71 homes sold, median list price $275,000 and median sales price $274,500 with 29 days on market.

January-October 2015

69 homes sold, median list and sales price was $265,000 with 32 days on market.

Median sales prices are up 3.5% over 2015.  Right now there are four homes for sale in Armour Hills, with a median list price of $309,975 and 49 days on  market. Price range is $208,888-$464,900.

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

Armour Hills Home Sales Stats – Aug 2016

Checking home sales for Armour Hills August 2016…a drop in prices compared to last year.  However, year to date– home values continue to rise.  Here are the stats with commentary!

August   2016:                                                          August  2015:  

Median list price:      $250,000                            Median list price:        $277,500

Median sales price:  $242,000                            Median sales price:    $280,000

Number of homes sold:  7                                   Number of homes sold: 4

Days on market:             47                                 Days on market:           11

You can see median sales price for last month was considerably lower than August 2015.  However, in August 2016, all homes but one sold under $280K. In August 2015, fewer homes sold but at a higher median price.  

Checking year to date figures:

2016, Jan-August:                                                           2015, Jan-August:

Median list price:      $269,700                              Median list price:      $267,450                      

Median sales price:  $268,500                              Median sales price:  $266,750

Number of homes sold:  54                                   Number of homes sold: 60

Days on market:             13                                      Days on market:            29

Homes in Armour Hills are selling faster this year, and for more money.  

Currently there are 5 homes for sale in Armour Hills, with a median list price of $319,000  and 11 days on market.

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