Here we go, Brookside neighbors….a recap of 2015 home sales for our area. The good news? Prices are up. The bad news? Not much desireable inventory in the critical $225-325K price range. I am reporting closed single family home sales for the Brookside zip code of 64113:
* 342 homes sold.
* The median list price was $337,750; the median sales price was $309,475.
* Average days on market: 39.
*Seven homes sold for over $1 million. Highest sales price was a $1.8 million home on West Meyer Blvd.
*53 homes sold for over $500K.
*289 homes sold.
*The median list price was $307,000; median sales price was $295,000.
*Average days on market: 41
*Two homes sold over $1 million.
*42 homes sold for over $500K.
These number show us that prices are going up, and more homes are selling. The days on market are virtually the same (days on market is how long a home sits before going under contract). Upper bracket buyers (for homes $500K and up) were more active in 2015 than the previous year.
Now let’s look at a few more figures to show trending home prices. Below are the median sales prices for each year and how many units sold:
2013: $295,000 median sales price; 307 homes sold.
2012: $277,000 median sales price; 296 homes sold.
2011: $249,000 median sales price; 210 homes sold.
In 2015, prices increased in Brookside 11% over the previous year.
Since 2011, we’ve seen a 32% increase in prices in our neighborhood!!!
We continue to have a thriving, desirable location for buyers of all price ranges here in Brookside. For those sellers who maintain their properties, keep them updated and move in ready–expect to have a quick sale, especially in the $225-$300K price range. Lower priced homes that need a lot of updating and repair also go under contract quickly–they are ‘flipped’ by investors.
Need more detailed information about home sales in your area? Contact me at firstname.lastname@example.org.
(all stats taken from Heartland MLS; deemed reliable but not guaranteed.)