Every month so far this year, home prices in Brookside have risen. This month, the jump is quite high! Let’s look at the stats for May 2013 single family home sales in the main Brookside zip code of 64113:
In May 2013, 29 homes sold. The average list price was $413,645 and the average sales price was $395,684. Average days on market: 119.
In May 2012, 27 homes sold. The average list price was $313,144 and the average sales price was $303,025. Average days on market: 87.
The average sales price jumped about $100,000 compared to last year. Although prices are up, the large increase in May is due to a $1.7 million dollar home closing–the highest sale so far in our zip code this year. Also there were four sales over $500K. The average days on market is higher because it took many months to sell the million dollar home, thus pushing up the average days on market.
Let’s compare year-to-date figures:
In the first five months of 2013, 111 homes sold with an average sales price of $347,223 and 112 days on market.
In the first five months of 2012, 82 homes sold with an average sales price of $305,274 and 114 days on market.
You see that the average sales price is way up year-to-date, and average days on market is about the same. During the housing slump, the more expensive homes just sat on the market–this year they are selling!
Currently there are 91 single family homes for sale in zip 64113, with an average price of $761,256 and 94 days on market. The average sales price is high because 40 of the 91 homes for sale are priced over $500K; eleven of these are over $1 million.
If you would like specific sales numbers for your neighborhood, email me for a report tailored to your area!
(All figures taken from Heartland MLS and deemed reliable but not guaranteed.)