Blogging from Brookside in Kansas City: May 2018

Armour Hills (Kansas City MO) April 2018 Home Sales Report

Interesting home sales stats for the Armour Hills subdivision last month, and year to date comparisons.  Armour Hills remains a very popular area for homebuyers, due to it's charming 1920s homes, various price range and styles and location near Brookside and Waldo shops.  First let's look at the monthly figures:

 

April 2018                                                           April 2017

Median list price:     $318,500                         Median list price:     $299,950

Median sales price:  $339,500                         Median sales price:  $310,000

No. of homes sold:       8                                  No. of homes sold:      6

Days on market:           6                                  Days on market:        13

 

Both months show final sales price over list price, and homes going under contract in less than two weeks.  Last month, five homes sold over asking price; one was $38K over and another was $31K over...almost unbelievable, but I see this same thing happening in other parts of the metro area. Compared to April 2017, prices are up 9.5%.

 

Jan-April 2018                                                               Jan-April 2017

Median list price:     $300,000                                    Median list price:    $314,750

Median sales price:  $300,000                                    Median sales price;  $312,250

No. of homes sold:       21                                           No. of homes sold:     20

Days on market:          7                                              Days on market:         16

Year to date, prices are down just under 4%.  However, note that so far this year, homeowners are getting asking price or over, for the most part.  It's definitely a strong market favoring sellers. Currently there are 8 homes listed in Armour Hills, with a median price of $342,000 and 31 days on market.

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

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

 

Comment balloon 0 commentsMary Hutchison, SRES, ABR • May 28 2018 06:04PM
Armour Hills (Kansas City MO) April 2018 Home Sales Report
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