Checking the Brookside home sales statistics for June 2013 (single family homes in zip code 64113), there’s been a bit of a bump in the road compared to the previous months of this year. Unit sales and average price is down, reversing the trend we’ve seen since January. Let’s look at the numbers in detail:
In June 2013, 38 homes sold. The average list price was $313,949 and the average sales price was $308,499. Average days on market: 45.
In June 2012, 53 homes sold. The average list price was $329,457 and the average sales price was $319,169. Average days on market: 117.
Last month (May 2013), the average sales price in Brookside was $395,684. Why the large drop? In this zip code, we have home prices ranging from $150K-$5million. When several of the upper bracket homes sell in one month (those priced over $500K), the average sales price is pushed way up. That’s what happened in May. In June, the highest sales price was $545K. In May 2013, there were four sales over $500,000, including one well over $1million. So we had a much lower average sales price in June.
Let’s compare year-to-date figures:
In the first six months of 2013, 150 homes sold with an average sales price of $333,141 and 94 days on market.
In the first five months of 2012, 135 homes sold with an average sales price of $310,790 and 116 days on market.
Overall, prices are up this year, and it’s taking less times for homes to sell. That’s a good trend!
Currently there are 82 single family homes for sale in zip 64113, with an average price of $769,058. The average sales price is high because 35 of the 82 homes for sale are priced over $500K. As of this writing, the highest priced home is at 5550 Ward Parkway, priced at $50 shy of $5,000,000.
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.)