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 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 Jan 2016 Home Sales Report

Home sales typically start off slow every year..that’s what is happening in Brookside as we kick off housing market reports for 2016.  Why do sales drag early in the year? I’ll provide some answers after reporting Brookside home sales (using zip code 64113) for January 2016:

In January 2016, eight homes sold.  The median list price was $369,500 and the median sales price was $367,500.  Average days on market:  25.  The highest sales was $441,500 and the lowest was $262,500.

In January 2015, nine homes sold. The median list price was $325,000 and the median sales price was $315,000.  Average days on market:  24.

Stats were about the same as a year ago, as in number of homes sold and days on market. You’ll notice that median sales price jumped up. (Brookside home prices rose 11% from 2014 to 2015.) Prices can vary wildly in the Brookside zip code, so numbers can be skewed depending on how many higher priced homes close in any given month.

So why are home sales slow early in the year?  A few reasons:  the weather isn’t great the first few months of the year (homes always look better in the Spring!); home sellers are getting their homes ready to list (freshening up the inside, decluttering, making improvements); and many families want to move once school lets out for the year.  There just isn’t much inventory for buyers to choose from in the first quarter–which can actually be an advantage for those sellers who have homes prepped and ready to market in February and March.  Interestingly, there were ten homes that were listed–and then went under contract–last month. Demand is strong!

Currently there are 48 homes for sale in Brookside, with a median list price of $579,000 and 97 days on market. Sixteen homes are priced over $1,000,000.  There is a lack of inventory in the $225-$300K price range. If you would like specific information about home selling in your area-contact me at mary.hutchison@kansascityhomes.com

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

Brookside Home Sales Stats – May 2014

Brookside home sales statistics are in, and there has been a slight change from one year ago as  compared May 2013 to May 2014. Prices are still rising!  I am checking single family sales for the main Brookside zip code of 64113, details below:

In May 2014, 36 homes sold.  Median sales price was just under $300,000 and 102 days on  market.  The lowest sales price was $155,000 and the highest was $1.35 million.  (That Sunset Hill property had been for sale since October 2012.)

In May 2013, 30 homes sold.  The  median sales price was $290,000 and 118 days on market.   The lowest sales price was $180,000 and the highest was $1.7 million.

More homes sold in May 2014 and in a shorter amount of time, and the average sales price was about $10K higher this year.  

Checking year to date figures:

From Jan-May 2014, 103 homes sold at a median sales price of $298,000 and 84 days on market.

From Jan-May 2013, 113 homes sold at a median sales price of $285,000 and 110 days on market.  

A few less homes sold so far this year, probably due to a lack of  well priced, updated inventory..and the average sales price continues to rise.  The Brookside housing market is overall in good shape and on an upward trend for higher home values!  

Currently there are 99 single family homes for sale in the Brookside zip code of 64113 with a median list  price of $460,000 and 125 days on market.  This high median list price is due to the large amount of upper bracket homes for sale at this time.  There is still a strong demand for updated, well cared for homes priced from $250-350K in our area…those are the ones that seem to sell the fastest.

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

Brookside Home Sales Report – Sept 2013

Brookside home values rise again!  That is what I have to report today, after checking the September 2013 single family home sales for our zip code of 64113.  Here are the details:

In September 2013,  26 homes sold.  Average list price was $400,412 and average sales price was $387,771.  Average days on market was 68.

In September 2012, 27  homes sold at an average price of $299,585  and 80 days on the market.

You see a huge jump in the average sales price – almost $100,000.  Keep in mind that we have a wide spread of home prices in 64113–when the higher priced homes sell, the average prices jump.  Last month, seven homes sold for over $500,000.

Now let’s compare to year-to-date figures:

From Jan-Sept 2013, 246  homes have sold  at an average price of $359,384 and 86 days on market.

From Jan-Sept  2012, 227  homes sold at an average price of $318,735 and 106 days on market.

So far this year, average sales prices are up 12.75% over last year!

As of this writing, there are 87 homes for sale in the Brookside zip code of 64113 with an average list price of $647,137 and 123 days on market.  Thirty four homes are priced over $500K, and eleven of those are priced at $1million and up, thus the high average list price.

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

Brookside Home Sales Stats October 2012

Brookside home values continue to climb over last year–good news for sellers AND buyers.  Sellers are getting more money for their properties and buyers know they are purchasing in a desirable, valuable area.  Here are the home sales stats for October 2012 in the main Brookside zip code of 64113:

In October 2012, 29 single family homes sold.  The average list price was $482,245 and the average sales price as $429,287.  Average days on market: 159.

In October 2011, 12 single family homes sold.  The average list price was $397,096 and the average sales price was $372,371.  Average days on market:  238.

Checking year-to-date figures:

From January-October 2012, 255 single family homes sold with an average sales price of $331,777 and 111 days on market.

From January-October 2011, 174 single family homes sold with an average sales price of $302,428 and 138 days on market.

Although we’ve seen consistently higher averages sales prices this year, the Oct 2012  figures  show a large jump.  Part of the reason is there were two multi-million dollar homes sold in October that pushed up the average sales price.

As we get into the holiday season and winter weather, sales will slow down.  Still, I think this year Brookside has seen a full recovery from the bottom of the housing crash.  Interest rates should stay low, and I expect Spring of 2013 will be very strong for sales in our area.

If you would like detailed information on sales in your area, email me anytime! 

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

Brookside Home Sales Stats December 2011

I say…good riddance to another poor housing sales year and let’s look ahead to a much better 2012!

Looking at single family home sales stats for zip code 64113 in Brookside, December 2011:

14 homes sold.  Average list price:  $245,904.  Average sales price:  $231,032.  Average days on market:  111.

Compare those figures to December 2010:

22 homes sold.  Average list price:  $335,930.  Average sales price:  $307,853.  Average days on market:  106.

Why the much higher average sales price in 2010?  Part of the reason is a $1.5 million dollar home sold in 2010.  In 2011, the highest price home sold was $515,000.  The drop in the number of units sold in 2011 can be attributed to the $8000 tax credit for buyers that was in effect for 2010…this tax credit encouraged buyers to make purchases that year.   Days on market were virtually the same.

In the next blog entry I will compare Armour Hills sales stats for December 2010 to 2011, plus will do a year end comparison before the end of the month. Thank you for reading my blog!

(Note:  all stats taken from Heartland MLS; deemed reliable but not guaranteed)