Brookside Home Prices Trending Upward – July 2015 Stats

We are at the halfway mark for 2015 home sales….so how are we doing here in Brookside? Home values are up!  Let’s examine the single family home sales for June 2015 in the Brookside zip code of 64113:

In June 2015, 56 homes sold.  The median list price was $325,000 and the median sales price was $325,000.  Average days on market: 30.

In June 2014, 29 homes sold.  The median list price was $294,000 and the median sales price was $286,000.  Average days on  market: 15.

The lowest sale price last month was $115,100 and the highest was $1,8 million–that was the newer built house on Meyer just east of the fountain that has been on the market for a couple of years now.    

Note the median list price and sales price were the same:  sellers are getting very close to their asking price, if priced properly.  This reflects the lack of desireable inventory for buyers to choose from when home shopping.  

Checking year to date figures:

From January through June 2015, 174 homes sold with a median list price of $325,000 and median sales price of $320,000 and 41 days on market.  

From January through June 2014, 132 homes sold. The median list price was $304,900 and median sales price was $295,000 and 33 days on market.

So far Brookside home values are up 8.47% compared to last year.

Currently there are 70 single family homes for sale in the Brookside zip code of 64113, with a median list price of $479,950.  In the sought after price range of $200-$300K, only 14 homes are listed.  In contrast, 32 homes are priced at over $500K, with ten over the $1million mark. As I write this blog today, the Wall Street Journal has a front page story about the lack of inventory across the US for home buyers–in many markets, buyers have to go several thousand dollars over the asking price to secure the contract. Yes, that has happened in our metro area as well.

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

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