Everyone is snowed in today in Brookside! Luckily, my house still has power, many of my neighbors do not. Back to work now after shoveling the driveway and sidewalk! Let’s review the January 2013 single family home sales in the main Brookside zip code of 64113:
In January 2013, 16 homes sold. The average list price was $278,488 and the average sales price was $260,503. Average days on market: 73.
In January 2012, 8 homes sold. The average list price was $357,933 and the average sales price was $346,167. Average days on market: 123.
Don’t be alarmed that the 2013 list/sales price was so much lower. Although there were twice as many sales in January 2013 than 2012, in 2012 five of the eight homes sold over $300K. In 2013, five homes sold over $300K but the rest of the homes sold at a much lower price, therefore bringing down the average sales price. The market continues to improve over last year as homes are selling much faster–73 days on the market vs 123 in 2012.
Figuring the percentages, home sales were up in Brookside 50% in January 2013 from 2012, and homes were selling about 50% faster than the previous year! Good news all around.
Currently there are 65 single family homes for sale in zip 64113, with an average price of $734,581 and 201 days on market. The average list price is much higher than usual because about half (30) of the 65 homes for sale are priced over $500K, and 11 of the 30 are priced over $1 million. The more expensive homes take longer to sell; thus the higher days on market. Overall, the Brookside housing market has recovered from the housing crash and I think sales will be very strong during the busy spring buying season, even beating last year’s strong numbers.