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.)

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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.)

 

 

Brookside Home Sales Report-Nov 2016

As we come to a close on a very active real estate market for Brookside…prices are continuing to rise as demand is still strong, particularly in the $400K and less price range.   Here is the single family home sales report for Brookside (zip code 64113) for November  2016, and comparisons to last year:

November 2016

Median list price:               $350,000

Median sales price:           $349,000

Average days on market:     35

Number of homes sold:        25

(Lowest sales price was $202,000; highest sales price was $750,000).

You can see that sellers are getting virtually the asking price during contract negotiations.  Thirteen of the homes that closed last month were at or above asking price.

November 2015

Median list price:                $315,000

Median sales price:            $312,000

Average days on  market:      39

Number of homes sold:          19

Compared to November 2015, prices are up 11.68%. Part of that increase is due to lack of inventory–very often sellers will have multiple offers on  homes that are updated and  well maintained.

Now let’s check year to date figures:

2016, January to November

Median list price:         $357,700

Median sales price:     $352,500

303 homes sold; average 35 days on market.

2015, January to November

Median list price:         $330,000

Median sales price:     $325,000

315 homes sold; average 39 days on market      

Home prices in Brookside are up 8.46% YTD.  

Currently there are 37 active single family listings in the Brookside zip code of 64113. Just seven of those homes are priced at $400K or less.  Ten homes are listed at $998,000 through $2,400,000.  

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

Brookside Home Sales Stats – Oct 2016

Hello neighbors!  Time to check Brookside home sales stats for October 2016.  As has been the situation all year, prices are above 2015.  Let’s check the numbers–for the Brookside zip code of 64113:

October 2016

Median List Price:     $340,000

Median Sales Price:   $332,475

Twenty eight homes sold; the highest sales price was $1 million and the lowest was $190,000. Median days on market:  27

October 2015

Median List Price:    $398,725

Median Sales Price    $386,500

Twenty eight homes sold.  Median sales price for Oct 2015 was higher because more of the $500K plus homes sold during the month last year.

Jan-Oct 2016 – 278 homes sold

Median List Price:     $358,350

Median Sales Price:  $353,500

Jan-Oct 2015 – 296 homes sold

Median List Price:     $331,250

Median Sales Price:   $325,000

Prices are up for the year–over 8%.  Fewer homes have sold, however there is still strong demand — that is one reason prices are rising.  Currently there are 37 active single family home listings in the Brookside zip code of 64113. Median list price is $720,000.  Twenty two of the homes for sale are priced over $500K; ten of those are over $1 million.

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