I hope everyone is enjoying the holiday season! Some folks will be celebrating Christmas in new locations next year–I’ve sold three homes in the past month, thank you Santa. The market for Brookside homes continues to climb as you can see from the November 2012 home sales statistics. Below I have recapped last month’s sales for the main Brookside zip code of 64113, along with a comparison to one year ago and year -to-date figures:
In November 2012, 23 single family homes sold. The average list price was $474,961 and the average sales price as $448,991. Average days on market: 159.
In November 2011, 22 single family homes sold. The average list price was $383,625 and the average sales price was $344,813. Average days on market: 176
That’s a large jump in the average sales price–almost $100,000! However, when more expensive homes sell (over $500K), the average price jumps. These pricey homes are not lingering on the market as long as they once were–they are selling faster.
Checking year-to-date figures:
From January-November 2012, 278 single family homes sold with an average sales price of $341,475 and 115 days on market.
From January-November 2011, 196 single family homes sold with an average sales price of $307,185 and 143 days on market.
Again we see the average sales price much higher this year, which has been consistent for the past several months. I think final 2012 unit sales and average price will surpass 2011 by almost 10%. Spring buyers won’t be able to bargain substantial dollars off the list price with higher comparable priced sold properties. And if you are a seller…get ready to take advantage of the upcoming busy spring market!
If you would like detailed information on sales in your area, contact me for a personalized report.
(All figures taken from Heartland MLS and deemed reliable but not guaranteed.)