Hello neighbors, here is the monthly home sales report for Armour Hills in Brookside, Kansas City MO. We have some good news in that average sales prices are up from last year!
In November 2011, five homes sold. Average list price was $260,680 and average sales price was $249,200. Average days on market: 138.
In November 2010, four homes sold. Average list price was $180,238 and average sales price was $163,600. Average days on market: 73.
These lower average prices reflect sales in the lower priced home catagory of Armour Hills. Average price for this subdivision has been running between $210-$225K, so several higher priced homes sold in November.
Let’s look at year to date figures:
From Jan-Nov 2011, 53 homes sold. Average list price was $224,752, and average sales prprice was $216,273. Average days on market: 121.
From Jan-Nov 2010, 49 homes sold. Average list price was $216,024, and average sales price was $211,132. Average days on market: 82.
The longer days on market drag prices down as sellers try to catch up with the market. Foreclosures and short sales also play a factor in lower average prices. Number of units is fairly steady--we just need more buyers to even out the market demand. Maybe next year?
(All information taken from Heartland MLS, deemed reliable but not guaranteed. Want home sales stats for your area? Email me!)
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