Brookside Home Sales Report-June 2017

Here we are, midway through the year, and Brookside homes are still in strong demand for homebuyers, especially those under $500,000.  Let’s look at single family home sales in the Brookside zip code of 64113 for  the month of June 2017:

June 2017

Median list price:            $372,000

Median sales price:        $367,500

No. of homes sold:             40

Days on market:                 20

The lowest sales price was $168,500 and there were two sales over $1,000,000.  Checking last year stats:

June 2016

Median list price:            $344,250

Median sales price:         $342,000

No. of homes sold:              42

Days on market:                 37

Now let’s look at year to date figures:

Jan-June 2017

Median list price:             $375,000

Median sales price:          $360,000

No. of homes sold:             159

Days on market:                 18

Jan-June 2016

Median list price:            $369,000

Median sales price:         $364,500

No. of  homes sold:            166

Days on market:                 41

Technically, the year to date figures show a slight decrease in the median price compared to one year ago but that hasn’t been the usual pattern this year. Prices are generally higher than 2016.  Note the June comparisons show a 7.4% price increase compared to same time last year.  The demand is for homes priced below $500K, especially the $250-$400 range.

Currently there are 42 homes for sale in the Brookside zip code of 64113. However, the median list price is $612,450.  Over half – 25 homes – are priced over $500,000.  The higher priced homes sit on the market longer and push up the median price. The lowest priced home is $210,000 and the highest is $2.5 million.

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

 

 

Waldo Home Sales Stats – May 2017

Home prices are up again in Waldo–a trend that has been consistent this year.  There is a lot of demand and not enough inventory.   These figures are for Waldo single family home sales, using the boundaries of State Line to Holmes and Gregory to 85th:

May 2017

Number of homes sold:    42

Median list price:              $189,900

Median sales price:          $192,000

Average days on market:    13

May 2016

Number of homes sold:      48

Median list price:              $168,700

Median sales price:          $168,000

Average days on market:    10

The highest price sale in Waldo last month was $365,500 and the lowest was $84,900. Note the sales price was higher than list price–because many of the homes that closed were at or over the asking price.

Here are year-to-date comparisons:

Jan-May  2017

Number of homes sold:   165

Median list price:            $175,000

Median sales price:        $177,500

Average days on market:  26

Jan-May 2016

Number of homes sold:    152

Median list price:             $165,500

Median sales price           $164,475

Average days on market:   25

Year to date, Waldo home prices are up 7.9% over last year. Currently there are 14  active single family homes in Waldo, with a median list price of $175,000  and  ten   days on market.

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

 

 

 

 

Brookside Home Sales Stats – May 2017

It’s crazy out there if you want to buy a home in Brookside for under $400K!  I’m sure you’ve heard the stories from your home buyer friends–or seller friends, who receive multiple offers within a day of listing their home.  Here are the May 2017 single family home sales stats for Brookside, using zip code 64113:

May 2017

Median List Price:       $330,000

Median Sales Price:    $339,500

Number of Homes Sold:    39

Days on Market:                4

The lowest closed price was $170K; the highest was a home near 55th and Ward Parkway–$3.2 million cash. You are reading those numbers correctly–median sales price is almost $40K over asking price.  Out of the 39 homes that closed last month, 24 were at or above list price.  I’ve seen closed prices as much as $25K over list price!  Now let’s look at same period last year:

May 2016

Median List Price:               $364,500

Median Sale Price:              $360,500

Number of Homes Sold:         37

Days on Market:                       43

The number of homes sold was about the same. Last year, median price was higher because more expensive homes closed in May 2106.  Days on market was longer–that is typical for higher priced homes.  The demand in Brookside right now is for homes priced $225K-$400K.  Here are YTD figures:

Jan-May 2017

Median List Price:                $374,947

Median Sales Price:              $360,000

Number of Homes Sold:       118

Days on Market:                     18

Jan-May 2016

Median List Price:                 $373,750

Median Sales Price:               $367,950

Number of Homes Sold:         124

Days on Market:                        41

As you can see, year to date the median sales price is well below median list price–but again, when the higher priced homes sell, there is usually more bargaining in the offer.  It is the $350K and under homes that generally sell for at or over list price.

Currently there are 40 homes for sale in Brookside, with a median list price of $695,000.  Thirty four of the 40 are listed over $400K.

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

 

Waldo Home Sales Report-April 2017

Waldo continues to be a hot spot for homebuyers this year.  As prices keep climbing in the 64113 zip code to the north, those who want to buy on a more modest budget look south to 64114.  Those first two sentences exactly what I wrote for the March 2017 stats report.  It’s a trend!!!  These figures are for Waldo single family home sales, using the boundaries of State Line to Holmes and Gregory to 85th:

April 2017

Number of homes sold:    43

Median list price:              $165,000

Median sales price:          $170,000

Average days on market:    4

April 2016

Number of homes sold:      29

Median list price:              $169,900

Median sales price:          $169,000

Average days on market:    12

The highest price sale in Waldo last month was $468,500 and the lowest was $54,000. Note the sales price was higher than list price–because 32 of the homes that closed were at or over the asking price.

Here are year-to-date comparisons:

Jan-April  2017

Number of homes sold:   120

Median list price:            $165,000

Median sales price:        $170,200

Average days on market:  31

Jan-April  2016

Number of homes sold:    100

Median list price:             $169,450

Median sales price           $169,450

Average days on market:   40

Prices are up, homes are selling very fast and sellers are getting sticker price.  Waldo is a a very desireable location for homebuyers! Currently in Waldo, there are just 13 active single family homes for sale at a median list price of $142,000 and 14 days on market.

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

 

 

Brookside Home Sales Report – April 2017

Home prices continue to rise in Brookside.  Due to a shortage of inventory, prices are going up, multiple offers are common–especially for homes priced under $400K.  Plus, Brookside homes look extra beautiful during Spring!  Here is the April 2017 Brookside single family home sales report, using stats from zip code 64113:

April 2017

Median list price:        $399,000

Median sales price:    $360,000

Number of homes sold:    29

Days on market:               17

The lowest closed price was $237,500 and the highest was $1.5 million.  

April 2016

Median list price:        $375,000

Median sales price:    $371,500

Number of homes sold:   30

Days on market:                41

Checking year-to-date figures:

Jan-Apr 2017

Median list price:        $399,000

Median sales price:    $394,230

Number of homes sold:  78

Days on market:               35

Jan-Apr  2016

Median list price:         $379,000

Median sales price:     $375,000

Number of homes sold:   87

Days on market:                35

So far, median prices are up 5.1% this year compared to same time period in 2016. Fewer homes are selling…because there are fewer homes for sale. There is still a strong demand for Brookside properties priced from $200-$350K.  Currently there are 38 single family homes for sale in zip 64113, with a median list price of $612,425.  Over one half of the homes on the market are $500K or higher.

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

Waldo Home Sales Stats-March 2017

Waldo continues to be a hot spot for homebuyers this year!  As prices keep climbing in the 64113 zip code to the north, those who want to buy on a more modest budget look south to 64114.  These figures are for single family home sales, using the boundaries of State Line to Holmes and Gregory to 85th:

March 2017

Number of homes sold:    35

Median list price:              $175,000

Median sales price:          $175,000

Average days on market:    39

March 2016

Number of homes sold:      31

Median list price:              $134,900

Median sales price:          $135,000

Average days on market:    31

The highest price sale in Waldo in March was $480,000 and the lowest was $105,000.

Here are year-to-date comparisons:

Jan-March 2017

Number of homes sold:    85

Median list price:            $172,900

Median sales price:        $170,400

Average days on market:  33

Jan-March 2016

Number of homes sold:    63

Median list price:             $149,950

Median sales price           $149,950

Average days on market:   41

Median prices are up 13.6% this year as compared to the first quarter in 2016. More homes are selling and in a shorter amount of time. And sellers are getting offers at or very close to the asking price…this has been happening for several months now!

Currently in Waldo, there are 11 single family homes for sale at a median list price of $224,900 and 24 days on market.

 

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

Armour Hills Home Sales Stats-March 2017

Not a lot of activity in Armour Hills in March regarding  sold homes–however, that is normal as the first couple of months of the year are not popular times to list homes due to traditionally cold weather.  Still, there was an increase in median sales price!  Let’s look at the March 2017 home sales for Armour Hills, and a comparison to last year.

March 2017

Median list price:      $325,000

Median sales price:  $325,000

Number of homes sold:  5

Days on market:             6

March 2016

Median list price:       $234,975

Median sales price:   $229,475

Number of homes sold:  6

Days on market:             39

Four of the five homes that sold last month in Armour Hills were over $300K, pushing the median sales price up. Notice it was only a few days before the new listings went under contract.

Now let’s look at year to date:

Jan-March 2017

Median list price:      $395,000

Median sales price:  $395,000

Number of homes sold:  50

Days on market:             37

The lowest sales price so far this year $205,000 and the highest was $440,000.

Jan-March 2016

Median list price:        $389,500

Median sales price:    $382,000

Number of homes sold:   57

Days on market:              34

So far, prices are up 29% over first quarter 2016.  However, most of the increase is due to more expensive homes selling this year over same period one year ago.  Currently in Armour Hills there are four homes for sale, with a median price of $312,000 and 18 days on market.

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