Brookside Home Sales Report-December 2022 and Year End Recap

Another year of home buying in Brookside has come to a close…and even though our neighborhood is 100 years old, it remains quite popular! They don’t build houses like this anymore….

The first graph below outlines December 2022 single family home sales stats for Brookside (using the 64113 zip code); in the second graph, I’ve outlined sales for the past five years for comparison. Home values in Brookside…just keep rising!

December 2022December 2021
Median list price:$490,000$441,750
Median sales price:$501,000$436,750
Days on market: 15 4
No. of homes sold: 22 28

Last month, we had six homes sell for over $1,000,000- the top sales price was $1,395,000 (cash!) and the lowest was $290,000. Although some houses sat on the market a little longer, most buyers are paying at or over list price–even with higher interest rates. Now let’s look at the five year trend:

Median list price:$495,000$465,000$419,000$389,950$405,000
Median sales price:$500,000$475,000$417,000$380,000$397,000
Days on market: 3 3 8 23 18
No. of homes sold: 293 337 325 300 285

Home values in Brookside have risen just under 26% since 2018; the number of homes that turn over each year is fairly consistent. Fewer homes sold in 2022 than the past two years, most likely due to the rapid rise in interest rates and the persistent problem of not enough inventory.

As a Realtor, I am asked quite often: what’s happening with home sales? Here’s something that is always true: buyers want updated, well maintained homes that are priced at market value. The higher interest rates have affected some buyers’ purchasing power, but there is still a great demand for homes in the Brookside/Waldo neighborhood. Owning a home can be an excellent long term investment!

Brookside Home Sales Report – September 2022

Neighbors, in this month’s report, we see the affect rising interest rates are having in our area: median sold prices are lower and some homes stay on the market longer. However, for the year, home values have risen in Brookside! Let’s take a look at the specific numbers; I’m pulling these stats based on sales in the main Brookside zip code of 64113:

September 2022September 2021
Median list price:$439,900$484,900
Median sales price:$437,900$480,000
No. homes sold: 25 25
Days on market: 19 4

The lowest closed price last month was $315,000 and the highest was $1.7 million. We had two million dollar+ sales last month. Median sales price was just under list price; compared to the same period last year, prices fell 8.7%. Here are the year-to-date numbers:

Jan-Sept 2022Jan-Sept 2021
Median list price:$489,700$475,000
Median sales price:$500,000$482,763
No. homes sold: 236 252
Days on market: 3 3

So far this year, prices are up 3.5% over 2021, and although fewer homes have closed, sales prices are ahead of last year. Currently there are 30 single family homes for sale in Brookside, with a median list price of $512,450 and 27 days on market.

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

Brookside Home Sales Report-July 2022

We have some interesting home sales stats for this month’s Brookside home sales report–a big increase in price compared to last year, but fewer homes sold. Let’s take a look at the specifics; I am using the main Brookside zip code of 64113 for this info, single family homes:

July 2022July 2021
Median list price:$540,000$434,500
Median sales price:$530,000$460,000
Days on market: 3 3
No. of homes sold: 35 28

Home values rose 15% compared to July 2021, yet many buyers ended up paying just under the list price last month–whereas last July, when interest rates were much lower, buyers were paying over asking price. Homes are still going under contract quickly–within a few days. Last month, four homes closed over $1,000,000; the highest closed sale was $1.7 million and the lowest sale was $310,000. Now let’s look at the year-to-date numbers:

Jan-July 2022Jan-July 2021
Median list price:$495,000$450,000
Median sales price:$510,000$478,000
Days on market: 2 2
No. of homes sold: 181 196

These figures show a 6.5% increase in home prices YTD compared to the same period in 2021; buyers paying about 3% over asking price. Fewer homes sold so far this year; this could be a result of the higher interest rates that started in the Spring. Currently there are 14 active single family homes for sale in Brookside, with an average list price of $429,950 and 20 days on the market.

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

Brookside Home Sales Report-May 2022

May is one of the busiest months for home sales–and although Brookside had fewer closed transactions last month, prices are still way up. Here are the stats for single family home sales in Brookside, using the main Brookside zip code of 64113:

May 2022May 2021
Median list price:$462,000$509,000
Median sales price:$487,400$530,000
No. homes sold: 36 47
Days on market: 2 2

Although overall, home values were down compared to May 2021, buyers still paid about 5% over asking price. The lowest closed sale last month was $360K and the highest was $1,575K ($75,000 over list price!). Here are the year-to-date numbers:

Jan-May 2022Jan-May 2021
Median list price:$489,900$450,000
Median sales price:$515,000$464,000
No. homes sold: 121 130
Days on market: 2 2

Following the YTD trend, buyers are paying about 5% above asking price and values are 10% higher over last year. We will see in the coming months if the higher mortgage rates slow down the Brookside market and/or affect the prices. I am seeing some price reductions in Brookside and homes staying on the market longer…one thing for sure, the market is always changing!

Currently there are 17 active listings in Brookside, ranging in price from $365K-$4,000,000. Five homes are priced over $1million; only three are listed under $400,000.

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

New Brookside Listing–Beautifully Updated and Move In Ready!

This is one of the prettiest and most well maintained homes I’ve ever listed….just look at that front porch that says “Come on in!”

There are so many special features in this house…first, the basics. It’s a two story, 3 bedroom, 21/2 bath home with a two car garage and private drive. Inside you’ll find a spacious living room with wood burning fireplace that leads to a bright and comfortable sunroom.

Like to cook? Plenty of counters and cabinets here, plus high end appliances! Sellers opened up the wall from the kitchen to the dining room for easy flow of guests for special celebrations and entertaining.

Upstairs, an expanded primary suite featuring a walk in closet, laundry, exercise area and custom shower/double vanity.

Now that the warmer weather is here, you’ll enjoy the private, fenced backyard with patio and wood burning fireplace. Note the garage is extra wide!

Other features include newer roof and exterior paint, climate controlled wine cellar and extra storage space under the two story addition. Truly, a very special Brookside home in an excellent location–close to Trolley Track Trail, shops and parks. 5825 McGee, offered at $549,000. Listed with Better Homes and Gardens, Kansas City Homes. Message me for more info!

Brookside Home Sales Stats-January 2022

We are starting off the year with….just crumbs out there for homebuyers! The lack of inventory is startling! As we get into the warmer months, more listings will pop on. In the meantime, as usual, any new listings get snatched up very quickly. Let’s take a look at the stats for what sold last month in Brookside, using the zip code 64113, single family homes.

January 2022January 2021
Median list price $585,000$399,000
Median sales price$585,000$432,000
No. homes sold 13 6
Days on market 14 13

There was a 35% increase in the median price of a home compared to a year ago! However, note that we had two million dollar plus sales last month, and the lowest sales price was $370,000; the highest was $2.25 million. Buyers still paying at or over list price.

Currently there are just five homes for sale in Brookside, with a median asking price of $575,000. Two of the five homes are over $1,000,000; all are over $500K. Days on market is 49–primarily due to one very overpriced listing (in my opinion) that’s been lingering on the market for over a month, priced just over $1 million.

If you are thinking of selling-or buying-in Brookside this year, I can help!

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

Brookside Home Sales Report–2021

So we made it to another year, welcome 2022! From all indications, the housing market for Brookside and Waldo will be just as competitive as it was last year. Not enough inventory for all the wanna be homebuyers. In this blog, I’m giving you sales stats for 2021 with a comparison to the previous four years, for single family homes in the main Brookside zip code of 64113. . You’ll see home values took the biggest jump in 2021:

Zip code 6411320212020201920182017
List Price$459,950$419,000$389,950$405,000$395,000
Sales Price$475,000$415,000$380,000$397,000$387,000
Days on Market 3 8 23 18 20
No. Homes Sold 338 327 300 285 287

In the past five years, Brookside homes have jumped 22.7%, with the largest increase from 2020 to 2021: 14%. The number of homes sold per year has been rising steadily. And you’ll note in 2021, the median sales price was higher than the list price. Last year the highest sold price was $4.2 million, and the lowest was $212,000.

If you are thinking of buying or selling in Brookside this year–start getting prepared now! Sellers can make a plan for decluttering, repairs, paint touch ups and deep cleaning; buyers can get finances and budget in order while talking to agents/lenders and get familiar with the process. It’s going to be another busy year!

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

Make Reservations Now for Kansas City Restaurant Week

During this rather boring time of year (unless the Chiefs keep winning!)….we have KC Restaurant Week to break the monotony! This is the time to check out some eateries you haven’t been to before…and there are so many to choose from. Over 180 restaurants are participating in this year’s event!

Kansas City Restaurant Week is happening January 14-22, 2022. A portion of the earnings will be donated to the Guadalupe Centers–KC’s largest Hispanic association, providing education, health care and other social services in our area for over 100 years now. Reservations fill up fast, especially on weekends, so make your plans now if you plan to dine in. Some places are offering delivery and carry out options.

Below is a list of the participating restaurants in Brookside and Waldo. The fixed lunch price is $15; dinner price is $35 or $45. Not all of the special menus are posted yet–check the website or the KCRW app for updates.

Aixois French Restaurant * Charlie Hoopers * Michael Forbes * Red Door Grill

Boru Asian Eatery * Lews Grill and Bar * South of Summit Taqueria * Summit Grill* The Well * Waldo Pizza.

Note that most of the restaurants are locally owned..and we know how much local businesses have suffered during the COVID pandemic. Thank you for supporting our locally owned restaurants and please tip generously!!!

Brookside Home Sales Report-November 2021

It’s time to report the November single family home sales for Brookside, and although there was a dip compared to last year, overall prices are way up comparing 2021 to 2020.  Here are the stats, using the main Brookside zip code of 64113:

November 2021                                                      November 2020

Med list price:       $400,000                                            $447,500

Med sales price:  $404,000                                             $465,000

Days on market:      4                                                           5

No. of homes sold:  25                                                      26

The number of homes closed and days on market are consistent; and many buyers are still paying over list price.  The median price is lower because last November, there were three sales over $1,000,000 and none last month.  The highest sales price was $532,500.  Here are the year-to-date numbers:

Jan-Nov 2021                                                                 Jan-Nov 2020

Med list price:     $467,725                                              $415,000

Med sales price:  $475,000                                             $412,500

Days on market:    3                                                           8

No. of homes sold:   310                                                   291

The highest priced sale this year so far is $4.2 million.  Units sold are ahead of last year at this time and sales prices are up 15%!  Currently there are 14 active listings in Brookside, with a median list price of $545,000 and 48 days on market. Prices range from $450K to $4 million.

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

Brookside Home Sales Report-October 2021

Brookside in the Fall….a messy palate of bright and vibrant colors on trees, bushes, lawns…it’s my favorite time of year in the  neighborhood!  Of course, Brookside homes are attractive any time of year and although last month there was a dip in values, the YTD numbers are still very strong.  Let’s look at the statistics for single family home sales in Brookside, using sales figures from the main Brookside zip code of 64113:

October 2021                                              October 2020

Median list price:     $485,000                       $489,000

Median sales price:  $472,000                       $492,450

No. homes sold:           27                              34

Days on market:          3                                22

Prices dipped 4% compared to last year; homes went under contract much faster. Fun fact:  the highest sale last month was $1,135,000–$40K over the list price.  Below are the year-to-date numbers:

Jan-Oct 2021                                                  Jan-Oct 2020

Median list price:     $475,000                       $415,000

Median sales price:  $480,263                       $412,500

No. homes sold:          280                             262

Days on market:          3                                8

Compared to last year, Brookside home values are up 16% and most homes sell for list price or above.   Currently there are 23 active single family homes for sale in Brookside with a median list price of $565,000 and 23 days on market. The majority of listings–17-are priced over $500,000.

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