Brookside Home Prices Rise in Jan 2014

January home sales stats for the Brookside zip code of 64113 are in, and already we are seeing an increase in home prices compared to last year.  This is a good sign as we head into the busy spring buying season!    Let’s look at the numbers for single family homes sales in January 2014:

In January 2014, 13 homes sold.  One closed sale was for $1.445 million at 629 W 55th St.  Taking that sale out of the math equation, the average list price was $312,942 and the average sales price was $308,111.  Days on market:  62.  Using a median sales figure, the average price was $295,000.

In January 2013, 17 homes sold.  The average list price was $275,635 and average sales price was $257,767. Days on market:  70.  Using a median sales figure, the average price was $263,000.

One reason for the lower number of units sold this January could be the severe winter weather we’ve had; also, there usually isn’t much inventory early in the year for buyers to choose from. Still, there was a healthy increase in average sales price compared to one year ago.

As of this writing, there are 63 single family homes for sale in the Brookside zip code of 64113 with an average list price of $767,850.  Eleven of the homes for sale are priced over $1 milion.  The average median price is $410,000.

Now that the snow is gone and the weather is warming up–buyers are actively looking for fresh product on the market.  If you are thinking of selling your Brookside home–get it ready for the market as soon as possible to take advantage of the strong demand!

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

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