Interesting statistics to report regarding Brookside home sales last month. Prices are down for the month and year to date compared to 2013. Here’s the breakdown, using single family home sales for zip code 64113:
In September 2014, 32 homes sold. Median sales price was $289,950 and 45 days on market. The lowest sales price was $164,950 and the highest was $2,727,420 (that’s the highest MLS recorded sale so for this year). Seven homes sold at $500K or higher, and there were two sales over $1million.
In September 2013, 27 homes sold. The median sales price was $346,000 and 55 days on market. The lowest sales price was $180,000 and the highest was $750,000.
Although a few more homes sold this September and we experienced lower days on market, overall average price was way down. A partial reason for the drop is that in Sept 2013, four homes sold for over asking price, and more expensive homes sold a year ago.
Looking at year to date figures:
From Jan-September 2014, 219 homes sold at a median sales price of $306,000 and 37 days on market.
From Jan- September 2013, 248 homes sold at a median sales price of $299,900 and 47 days on market.
You can see that fewer homes are selling this year because inventory is lower and the homes that aren’t selling have issues of some kind (not updated, overpriced, poor location, etc). Average prices are higher showing there is still a demand for homes in the area, and buyers are willing to pay more to get what they want.
Currently there are 90 single family homes for sale in the Brookside zip code of 64113 with a median list price of $399,950 and 83 days on market. Thirty of the 90 homes are priced over $500K, while ten of those homes are priced over $1million. There is a definite shortage of updated, move in ready homes in the Brookside/Waldo area priced between $200-$250K right now. As we move into the holiday season, there will be few listings on the market and buyers may decide to wait until next year to look at a fresh crop of homes for sale.
(All figures taken from Heartland MLS and deemed reliable but not guaranteed).