Armour Hills (Brookside, Kansas City MO) November 2014 Home Sales Info

By
Real Estate Agent with Better Homes and Gardens Real Estate-Kansas City Homes

 

We are just about at the end of the year and I am very curious about how our Armour Hills home sales will finish out compared to 2013.  As for the November 2014 stats, there is a drop in median sales price compared to a year ago. However--that’s the housing market: some months strong, other months are slow.  No need to worry as overall, our nieghborhood is thriving.  So let’s look at the Armour Hills home sales (in Brookside, Kansas City MO)  for November 2014, with comparisons to one year ago:   

 

In November 2014, six homes sold with a median sales price of $235,000 and 40 days on market. The median list price was $239,900. The lowest sale was $190,000 and the highest was $370,000.

 

In November 2013, four homes sold with a median sales price of $253,950 and 27 days on market.  The median list price was $258,000.

 

 

The median price is lower from a year ago but when I post 2014 stats next month, I will  compare final figures and the last few years as well to see the trend.  There may be a drop in overall prices from 2013 to 2014.

 

  

 

This November drop in  price is  a repeat of October 2014 stats as well.  Although more homes closed last month compared to 2013, there was a $398,000 home sale last year that brings the Oct 2013 median price up significantly.  Overall, the $235K price is more typical for Armour Hills.  

 

Now let’s compare year-to-date figures:

 

For the first eleven months of 2014, 61 homes sold with a median price of $239,950 and 31 days on market.

 

For the first eleven months of 2013, 75 homes sold with a median price of $255,000 and 20 days on the market.

 

We have 11 active listings in Armour Hills right now, with a median price of $269,900 and 66 days on market.  The longer days on market, compared to the average, tells us these homes may be overpriced,  or in need of some updating--that’s why they are still for sale.  Buyers are out there, and they want to live in Brookside--most of them want move-in ready, updated homes.  So they will wait until Spring when fresh new inventory hits the market.

 

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

 



Posted by

Mary Hutchison, SRES, ABR

(Brookside/Armour Hills resident, local business supporter, NPR fan, Habitat ReStore volunteer, thankful for the gift of another day!)

**********

Better Homes and Gardens Real Estate/Kansas City Homes

mary.hutchison@kansascityhomes.com

816 510 1262

www.maryhutchison.org

 

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Rainmaker
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David Saks
(retired) - Memphis, TN

Very nice post and lots of great information, too. Thanks.

Dec 19, 2014 01:03 AM #1
Ambassador
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Mary, good market information for your area.  You are right, the month-to-month comparisons often vary widely depending on all sorts of factors.  The proof is in the year-to-year comparison and your area is on the upswing. 

Jan 05, 2015 09:53 AM #2
Rainmaker
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Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Mary Hutchison, SRES, ABR looks like you have the stats for the area at your finger tips. That is reassuring to your clients that you know the score.

Jan 07, 2015 12:23 PM #3
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Mary Hutchison, SRES, ABR

Experienced Agent in Kansas City Metro area
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