Brookside Home Sales Report – Feb 2016

What a beautiful day as I write this blog! The trees are flowering all over Brookside–hope we don’t get a cold snap…we are now accustomed used to 60 and 70 degree days!

Checking Brookside home sales for February 2016, I am going to write up the stats in a different format this time–thought it would be easier to read.  Take a look:

February 2016

Median list price:               $409,000

Median sales price:           $399,000

Average days on market:    89

Number of homes sold:       15

(lowest sales price was $213,000; highest sales price was $822,000)

February 2015:

Median list price:                $422,000

Median sales price:            $397,500

Average days on  market:    88

Number of homes sold:        13

(Note the number of homes sold and median sales price are very similar to 2015.)

Now let’s check year to date figures:

2016:                                                                                    2015:

Median list price:        $389,950                                    Median list price:      $374,975

Median sales price:    $382,000                                    Median sales price:  $367,500

Average days on market:  57                                        Average days on market:   84

Number of homes sold:     23                                       Number of homes sold:       22

The big difference in the YTD figures is the median sales price jumped up–yet virtually the same number of homes sold.  Also, homes went under contract  faster. There is not much inventory this year in the critical $200-$400K price range and so, prices are up.

Currently, there are 46 active listings in the Brookside zip code of 64113.  The median list price is $537,000.  That figure is high because 1) the lower priced listed homes sell very fast and 2) 25 of the 46 homes are priced over $500K; 10 of those are over $1,000,000.

It’s going to be a strong season for home buying in Brookside this Spring!

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

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