It’s a new year for home sales and already–there is a lot of demand but not enough moderately priced inventory. This will be a short blog as there is no need to check year-to-date figures…since we just finished up January!
Here is the January 2017 single family home sales report for the Brookside zip code of 64113:
Number of homes sold: 13
Median list price: $395,000
Median sales price: $388,500
Average days on market: 36
Number of homes sold: 8
Median list price: $369,500
Median sales price: $367,500
Average days on market: 25
It looks like a significant jump in the median sales price compared to Jan 2016, however last year the highest sales were in the $440s; this year there was a $1.175 million sale plus two others in the $600s that skews the prices up for the month. The lowest closed sales price last month was $201,000. Note almost twice as many homes closed in January this year–high demand for our neighborhood!
Interesting to also note that 13 homes were listed in January; seven of them were priced at $400K or less and they all went under contract within a few days. The demand is very high for $200-$400K homes.
Currently there are 32 single family homes for sale in Brookside, with a median price of $690,000 and 91 days on market. The lowest list price is $277,000 and the highest is $2.9 million. Twenty-five of the 32 are listed over $400K, and ten of those are over $1 million. So you can see why the median price is so high–the more expensive homes sit on the market longer.
(All stats taken from Heartland MLS: deemed reliable but not guaranteed.)