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.)

 

 

Brookside Home Sales Report – Sept 2016

Home sales in Brookside are still strong as we head into the fall season…and prices continue to rise.  Here is the single family home sales report for Brookside (zip code 64113) for September 2016, and comparisons to last year:

September  2016

Median list price:               $380,000

Median sales price:           $375,000

Average days on market:     44

Number of homes sold:        29

(Lowest sales price was $180,000; highest sales price was a cash purchase of $1,285,000).

You can see that sellers are getting very close to the asking price during contract negotiations.  Eleven of the homes that closed last month were at or above asking price.

September 2015

Median list price:                $375,000

Median sales price:            $362,500

Average days on  market:      34

Number of homes sold:          22

Compared to one year ago, more homes sold in September of 2016 and at a higher median price…a few more days on market.

Now let’s check year to date figures:

2016, January to September

Median list price:         $359,750

Median sales price:     $356,000

250 homes sold; average 35 days on market.

2015, January to September

Median list price:         $326,777

Median sales price:     $325,000

269 homes sold; average 38 days on market.     

Fewer homes have sold, pushing prices up due to a lack of inventory.  Brookside home values are up 9.5% YTD compared to 2015!

Currently there are 44 active single family listings in the Brookside zip code of 64113; just over half (25) are priced over $500,000.  The median list price is $637,000.

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

Brookside Home Sales Report- Aug 2016

Time to check home sales stats in Brookside for August 2016.  Numbers show a drop in value compared to one year ago…but if you are a Brookside homeowner, you’ll like the year-to-date comparisons!

Here is the single family home sales report for Brookside (zip code 64113) for August 2016, and comparisons to last year:

August  2016

Median list price:               $328,900

Median sales price:           $322,000

Average days on market:     13

Number of homes sold:        30

(Lowest sales price was $225,000; highest sales price was $$835,000.)

The lower priced homes ($400K and less) sell faster and are in high demand.  See the low days on market figure (13)?  That means last month a home was under contract within two weeks of list date.  Higher priced homes, especially over $700K–tend to sit on the market longer.

August  2015

Median list price:                $382,000

Median sales price:            $363,750

Average days on  market:      27

Number of homes sold:          30

Higher median price one year ago…means more higher priced homes sold last August.

Now let’s check year to date figures:

2016, January to August

Median list price:         $359,500

Median sales price:     $353,000

221 homes sold; average 34 days on market.

2015, January to August

Median list price:         $325,000

Median sales price:     $325,000

246 homes sold; average 38 days on market

Brookside home values are up 8.6% YTD compared to 2015!

Currently there are 49 active single family listings in the Brookside zip code of 64113; about one half of those (23) are priced over $500,000.  The median list price is $489,950.

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

Brookside Home Sales Stats-June 2016

Halfway through the year, and home prices continue their upward trend in Brookside. Low inventory and plenty of demand can create a bidding war for new listings priced under $400K.  Here are the single family home sales stats for Brookside (zip code 64113) for last month, and comparisons to last year:

June 2016:

Median list price:               $349,000

Median sales price:           $349,000

Average days on market:    42

Number of homes sold:       41

(Lowest sales price was $183,000; highest sales price was $2 million.)

It’s important to note that of the 41 homes that closed in June, 22 (just over half!) sold at or above list price.

June 2015:

Median list price:                $325,000

Median sales price:            $325,000

Average days on  market:    31

Number of homes sold:        56

Now let’s check year to date figures:

2016:    

Median list price:         $369,000

Median sales price:     $365,000

165 homes sold; average 41 days on market

2015:

Median list price:         $325,000

Median sales price:     $330,000

175 homes sold; average 41 days on market      

You can see that fewer homes are selling due to a lack of desirable inventory, especially at the $400K or below price point.  Sellers who price their homes at market value often find competing offers within the first couple of days of listing.  Traditionally, home sales start to decline in the second half of the year…we will see if that trend continues for the rest of 2016.  

Currently there are 48 active single family listings in the Brookside zip code of 64113; just twelve of those homes are priced at or below $400,000.  So, the median list price is high:  $664,500 and 65 days on market.

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