Brookside 2017 Home Sales Report

So how much have home values changed in Brookside since 2016? In the past five years?  I’ll give you the answers in this blog…but take a guess before reading if you like! Here’s a hint:  they have increased, not decreased.  First, we’ll start with December 2017 numbers; all figures based on the main Brookside zip code of 64113:

December 2017                                                          December 2016

Median list price:     $439,000                                 Median list price:    $335,000

Median sales price:  $442,000                                 Median sales price:  $329,248

No. of homes sold:     27                                            No. of homes sold:    20

Days on market:         29                                            Days on market:        36

In December 2017, eight homes sold at or over list price, and sixteen homes homes closed at over $400K.  Now let’s look at year end figures, with comparisons to the past five years:

2017                                                                                   2016

Median list price:       $395,000                                 Median list price:       $350,000

Median sales price:    $386,000                                 Median sales price:    $350,000

No. of homes sold:      296                                           No. of homes sold:       325

Days on market:            20                                            Days on market:            34

In one year, Brookside home values increased 10.2%. Fewer homes sold (not due to lack of demand; due to lack of inventory) and in a shorter amount of time.  (Of course home value depends on many factors, including location, condition, size, etc.) The lowest sales price in 2017 was $168,500 and the highest was $3.225 million.  

For reference, the 2015 median sales price was $329,000; 2014 was $306,500 and 2013 was $296,750.  In five years, homes have appreciated about 30%. 

I predict Brookside will have another strong year for home sales, with demand especially high in the $200,000-$350,000 price range.

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

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Brookside Home Sales Stats-Oct 2017

As we wind down toward the end of the year, home sales typically slow down.  Brookside home prices continue to beat 2016–it will be interesting to see exactly how much for the year  when I post final 2017 stats in January.  For now, here is the October 2017 single family home sales report for the Brookside zip code of 64113:

October 2017

Median list price:     $399,000

Median sales price:  $395,000

No. of homes sold:       25

Days on market:           32

The lowest closed sales price was $235,000 and the highest was $646,850.

October 2016

Median list price:      $329,975

Median sales price:   $324,975

No. of homes sold:       30

Days on market:           21

Year to date figures:

Jan-Oct 2017

Median list price:        $382,447

Median sales price:     $373,750

No. of homes sold:        256

Days on market:             18

Jan-Oct 2016

Median list price:       $352,500

Median sales price:    $350,000

No. of homes sold:        282

Days on  market:            34

Year-to-date, Brookside home prices are up 6.5% over 2016 and homes are selling faster.  Currently there are 38 active listings, with a median list price of $557,000 and 56 days on market.  Note that over half – 20 homes-are priced over $500,000 with seven of those at $1 million or higher.  

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

Brookside July 2017 Home Sales Report

Home prices continue to rise in Brookside; however the market is slowing down as is usual for the second half of the year.  There is still a shortage of inventory in the $250K-$350K price range..  Here is the July 2017 Brookside single family home sales report, using stats from zip code 64113:

July 2017

Median list price:        $394,975

Median sales price:    $392,500

Number of homes sold:    26

Days on market:                 10

The lowest closed price last month was $211,000.  There were two sales over $1 million, both cash sales. Highest sale in 64113 last month was $1.8 million.   Below are figures from July 2016:

July 2016

Median list price:        $329,900

Median sales price:    $340,000

Number of homes sold:   27

Days on market:               35

Checking year-to-date figures:

Jan-July 2017

Median list price:        $382,447

Median sales price:    $370,000

Number of homes sold:  186

Days on market:               17

Jan-July  2016

Median list price:         $368,450

Median sales price:     $362,500

Number of homes sold:   190

Days on market:                38

So far this year, we’ve had nine sales over $1,000,000; same period last year, there were eight.  

Prices are up about 2% overall this year compared to 2016.  Currently there are 49 homes for sale in Brookside; 29 of those are priced over $500K.  In the high demand price range of $250-$350K, three homes are on market. Median list price is $550,000.

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

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.)

 

 

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.)

 

Brookside Home Sales Report-Feb 2017

Home sales typically start off slow every year..there isn’t much inventory, winter weather keeps people inside and motivated sellers are getting their houses primped and ready to list in the warmer months.  Still, prices are up for those homes that are selling. Here is the February 2017 Brookside single family home sales report, using stats from zip code 64113:

February 2017

Median list price:        $421,250

Median sales price:    $402,000

Number of homes sold:    14

Days on market:               43

The lowest closed price was $205,000 and the highest was $1.225 million.  Most of the homes sold were over $400K.

February 2016

Median list price:        $409,000

Median sales price:    $399,000

Number of homes sold:   15

Days on market:               89

Checking year-to-date figures:

Jan-Feb 2017

Median list price:        $399,000

Median sales price:    $393,461

Number of homes sold:   27

Days on market:               43

Jan-Feb 2016

Median list price:         $389,950

Median sales price:     $382,000

Number of homes sold:    23

Days on market:                 57

So far, median prices are up 3% over last year and homes are selling faster. There is still very strong demand for Brookside homes, especially those priced between $250-$400K.  Currently there are 28 single family homes for sale in Brookside, with a median list price of $797,500 and 60 days on market.  Twenty one of these homes are priced over $500K; eight of those are over $1million.  These stats show the demand is for homes priced under $500K–more expensive homes sit on the market longer.

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

Brookside Home Sales Report – Jan 2017

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:

January 2017:

Number of homes sold:      13

Median list price:                 $395,000

Median sales price:              $388,500

Average days on market:        36

January 2016:

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.)