Brookside Home Sales Report-June 2020

We are halfway through 2020, and despite the ongoing pandemic, Brookside home values are up–and down. Looking at monthly comparison (June 2020 to June 2019), prices are higher. There was a dip in the YTD figures. Here are the details, checking single family home sales in the main Brookside zip code of 64113:

June 2020June 2019
Median list price: $424,900$369,000
Median sales price: $420,000$370,000
No. of homes sold: 2731
Days on market: 811
  

Last month, prices were up 13.5% over June 2019. Eleven homes listed at over $500,000 closed, and just a few less homes sold this year. Let’s take a look at the year-to-date numbers:

Jan-June 2020Jan-June 2019
Median list price: $379,000$395,000
Median sales price: $378,000$389,807
No. of homes sold: 119154
Days on market: 1028
  

Home values are down 3% compared to 2019. Note, however, during the first half of 20919 there were seven $1million+ homes that closed; this year just one so far. Also, 22% fewer homes sold but I think that’s because of COVID 19. Many sellers decided to delay, or not list during the usually busy spring season. We are seeing more homes hit the market now. Interest rates are so low –below 3%!–that I think sales in the $500K and under category could be very strong for the next few months.

Currently there are 30 active single family homes for sale in Brookside; 13 of those are priced over $1,000,000.

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

 

New Shop “Homesong Market” Now Open in Brookside

Brookside is known for browsing…leisurely walks through the shopping district, stopping here and there to check out the unique clothing, jewelry, art and everyday necessities.  And we have a new store to tell you about today:  Homesong Market, at 6213 Oak St. 

Homesong Market, 6213 Oak St

Owner Amanda Waters is promoting not just products here, but a lifestyle:  her philosophy states that “homemaking is heartshaping” – as you create and nurture your home and family, you can realize a simpler and more sustainable lifestyle by using well made, earth friendly and natural products.  This shop is full of items you  use everyday:  laundry baskets, linens,  produce bags, candles, stylish dog collars/leashes, incense, kitchen and gardening tools and much more.  Best sellers include the baskets, Noah bells, and cleaning products.  Amanda personally knows all the brands she sources, both overseas and domestic companies. 

Amanda Waters

How did Homesong come about?  Like so many small businesses—at the dining room table!  Amanda is a blogger, and writes about homemaking.  “I’ve always had a passion about homemaking; about creating a nurturing environment for our family. “  She decided to sell some of the products she uses in her own home as readers would ask about them.  She started a website,  filling orders and shipping from the family compound (Amanda is a mother of four) and finally decided she wanted her own space.  At Homesong Market, just about all of the products on her website are on display in the store and for sale; it’s also used as a staging spot for shipping (she will ship overseas); and there is room in the back for upcoming (when possible) special events and workshops for the public on candle making, crafts for kids, whatever creative idea she comes up with!  Another unique thing about the store is all of the actual displays (tables, shelves, chairs, etc) are second hand finds and most are available for purchase. She also hosts a flea market online sale on the first Friday of every month.

Homesong Market is open Tuesday through Saturday from 10am-5pm at 6213 Oak, just south of the new Brookside Barkery location.  Stop in for a browse soon!

Brookside Home Sales Report-May 2020

Three months into the pandemic and home sales in Brookside and Waldo are strong…for those updated homes priced under $400K.  Still, values have slipped since last year.  Let’s take a look at the specific numbers, using the main Brookside zip code of 64113:

May 2020                                                                May 2019

Median list price:     $368,000                             $424,900

Median sales price:   $371,500                            $422,500

No. of homes sold:      32                                         40

Days on market:          4                                            22

Several of the homes that closed last month were at or above list price; five homes priced over $500K sold quickly.  Still, prices were a little lower and fewer homes sold–probably because some sellers decided to stay put during the coronavirus emergency.

Checking year-to-date stats:

Jan-May 2020                                                          Jan-May 2019

Median list price:     $368,000                               $399,950

Median sales price:  $370,000                               $395,000

No. of homes sold:         92                                       123

Days on market:             13                                        34

Sellers are still getting very close to list price, even though values have dropped a bit. Homes are selling quickly after going on the market–again, those in the under $400K price range.  Currently there are 39 active listings in Brookside, with 25 homes priced over $500,000 and 13 of those over $1 million.

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

Brookside Home Sales Report-April 2020

Hello neighbors…I haven’t posted a blog in a few weeks, as I’m adjusting to working within the pandemic perimeters.  However, the home sales stats from April are here, so I’ll post those over the next few days and also have a couple of new Brookside/Waldo businesses to blog about-YEAH!  Below are the numbers, using the main Brookside zip code of 64113:

April 2020                                                            April 2019

Median list price:     $424,000                           $425,000

Median sales price:   $408,500                          $420,000

No. of homes sold:       22                                       31

Days on market:          9                                           9

The lowest sales price last month was $265,000 and the highest was $760,000.  A year ago, there were three $1,000,000+ sales in the month of April.  It was mid March when businesses started shutting down due to COVID 19, and most contracts take 30-45 days to close. So we see that fewer homes closed last month, and the median price was lower than a year ago. May’s numbers will tell us more about any real market slow down due to the pandemic. Let’s look at year-to-date figures:

Jan-April 2020                                                     Jan-April 2019

Median list price:     $369,000                             $395,000

Median sales price:  $370,000                             $390,614

No. of homes sold:      59                                          83

Days on market:          15                                          38

There’s a 5% decrease in prices YTD, and fewer homes sold. However, sellers are still getting practically list price for their homes.  Note that it’s the more moderately priced homes in Brookside that are selling the fastest, as reflected in the median sales price.

Currently there are 36 active listings in Brookside, with an average list price of $575,000 and 36 days on market.  Thirty two of the 36 homes are listed over $400K, five homes priced over $1,000,000.

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

 

Brookside Home Sales Report-March 2020

As I reviewed these stats, I noticed home sales were lagging behind 2019 during the same period.  Normally, April through June is very strong for home purchases–with the pandemic going on, I think we will see a slowdown in the coming weeks.  For now, here’s the single family home sales report for Brookside, using the zip code of 64113:

March 2020                                                             March 2019

Median list price:       $347,450                              $399,950

Median sales price:    $338,750                              $380,000

No. of homes sold:       15                                            29

Days on market:            12                                           69

About half as many homes sold last month than March 2019, but sellers were getting within 2% of list price. There were several homes that closed over $500K same time last year as compared to last month.  Below are the year-to-date numbers:

Jan-March 2020                                                      Jan-March 2019

Median list price:       $359,475                            Median list price:     $382,000

Median sales price:     $358,000                           Median sales price:    $368,375

No. of homes sold:        38                                     No. of homes sold:     52

Days on market:            40                                     Days on market:        75

Home prices down a bit this year, fewer sales, but sellers getting within 1% of list price.  I see homes still selling fast in Brookside if they are priced under $400K–will see how all of this shakes out over the next several months.

Currently there are 24 active listings in Brookside, with a median list price of $520,000 and 45 days on market. Prices range from $264,950 to over $7 million.  Over half the homes are priced over $500K.

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

 

 

Armour Hills Home Sales Recap-Dec 2019

I’ve said a few times last year that Armour Hills has some of the fastest growing home values in Brookside–and these year end stats support that statement. Why?  Several reasons I think:  a wider variety of home prices; close to Brookside/Waldo amenities; lots of curb appeal and interior charm; a strong homes association; Arbor Villa park sits in the middle of the subdivision.  Let’s look at the numbers:

December 2019                                        December 2019

Median list price:    $402,000                Median list price:     $276,950

Median sales price:  $397,000               Median sales price:   $272,500

No. of homes sold:    2                             No. of homes sold:      2

Days on market:      24                            Days on market:          65

Technically prices rose 31% over December 2018, however this is a bit of a fluke–only two homes sold each year, and obviously last month it was the larger, more expensive homes.  The YTD comparisons tell the real story:

Year             Med. List Price           Med. Sales Price          No. Sold          DOM

2019              $339,900                         $340,000                         82                   21

2018              $315,000                         $315,000                        80                     9

2017             $314,500                         $312,500                          9                      7

2016             $275,000                          $274,500                         91                  21

2015             $269,700                           $266,750                        80                  28

The number of homes sold each year is very consistent, and sellers are getting very, very close to asking price.  Since 2015, values up 27.4% in five years; Brookside (using zip code 64113) values are up 13.8% during the same time period. Armour Hills…hot neighborhood for buyers!

Currently there are four active listings, with a median list price of $367,475 and 42 days on market.  

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

 

Brookside Home Sales Report-December 2019 and Year End Totals

Happy 2020 everyone!  What will the Brookside housing market be like this year??  I really like to track these stats because I think it does offer some perspective on the sales and demand.  Let’s examine the December stats first, then the YTD comparisons. I’m using the main Brookside zip code of 64113 for sales:

December 2019                                                     December 2018

Median list price:     $422,500                             Median list price:     $457,475

Median sales price:    $420,000                           Median sales price:    $437,000

No. of homes sold:      22                                      No. of homes sold:       20

Days on market:        25                                       Days on market:           37

These numbers show us that sellers are getting within just a few thousand dollars of list price, but overall, median prices were down 3.89% over 2018. The lowest sale last month was $270K and the highest was just over $1.2 million.

Here are YTD comparisons for the past five years:

Year                    Median sales price                No. of homes sold             DOM

2019                    $380,000                                         300                                   23

2018                    $397,000                                         285                                   18

2017                    $387,000                                         297                                   20

2016                    $350,000                                          327                                  34

2015                     $327,500                                         342                                  39

It is surprising to me that median home prices were 4.47% lower than 2018. Overall though, Brookside home values up 13.8% since 2015.  The number of homes sold has stayed pretty steady the past few years. There is still a lot of demand for Brookside homes, but in the $350K and less price range..that’s 2016/2015 prices!  As Brookside prices keep rising, lower priced buyers are going farther south and east–Waldo values are up over 2018, and way up since 2015.  Those figures will be posted within the next week.

Currently there are 21 homes for sale in Brookside, with a median list price of $500K and 90 days on market. Eleven homes are listed over $500K, with five on the market for over $1,000,000.  

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

 

Armour Hills Home Sales Report-Nov 2019

Ho ho ho, Santa brings Armour Hills higher home values this year!  Here are the numbers for November, with comparisons to last year:

November 2019                                              November 2018

Median list price:    $325,000                       Median list price:      $304,475

Median sales price:   $323,000                     Median sales price:    $309,100

No. of homes sold:   3                                  No. of homes sold:      4

Days on market:       31                                 Days on market:         7

About the same number of homes sold, but the homes sat on the market a bit longer. Now let’s look at year-to-date:

Jan-Nov 2019                                                   Jan-Nov 2018

Median list price:      $339,900                     Median list price:      $315,000

Median sales price:   $340,000                     Median sales price:    $315,750

No. of homes sold:        79                            No. of homes sold:        79

Days on market:           15                              Days on market:           9

Home sales are steady, prices up YTD 7.6%!  I will be curious to see the end of year figures compared to 2018–will post those next month.  Currently there are four active listings in Armour Hills, with a median price of $386,975 and 37 days on market.  Happy holiday season to all!

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

 

 

 

Brookside Home Sales Report-Nov 2019

snowday

 

It’s a snow day!  Hope everyone is staying warm and extra careful if driving in the metro area.  It’s time to check the November home sales stats for Brookside–which are showing an increase over last year. I’m taking the numbers from single family home sales in the main Brookside zip code of 64113:

 

 

November 2019                                                       November 2018

Median list price:     $425,000                               Median list price:     $418,000

Median sales price:   $413,000                              Median sales price:    $415,000

No. of homes sold:     23                                       No. of homes sold:     14

Days on market:       49                                         Days on market:       17

The median sales price is consistent with last year, however the number of homes sold is up–Brookside continues to be a preferred location for many home buyers!   The lowest closed price last month was $175,000 and the highest was $890,000.  Here are the YTD numbers:

Jan-Nov 2019                                                         Jan-Nov 2018

Median list price:     $387,000                            Median list price:     $400,000

Median sales price:   $376,500                          Median sales price:   $395,000

No. of homes sold:     278                                  No. of homes sold:    265

Days on market:       23                                      Days on market:        15

Overall prices dipped somewhat this year, however the true indicator will be next month when I post figures for 2019 compared to 2018.  The number of Brookside homes sold is higher; days on market about a week longer.  Currently there are 27 active listings, with a median list price of $480,000 and 82 days on market.  Prices range from $299K to over $7million.  Eight homes are priced over one million dollars.  

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

 

Brookside Home Sales Report-Oct 2019

Home sales are slowing down as the holidays get closer–very typical trend for the housing market.  Right now in Brookside, more than half the homes for sale are priced over $500,000–several over one million dollars.  Let’s check the numbers for single family home sales, using the main Brookside zip code of 64113:

October 2019                                                      October 2018

Median list price:     $357,450                         Median list price:     $429,000

Median sales price:   $346,500                        Median sales price:   $430,000

No. of homes sold:       20                                 No. of homes sold:     26

Days on market:          24                                   Days on market:          3

That’s quite a drop in the median sales price but remember, we have such a huge range of prices in Brookside, when more expensive homes sell, the median price rises.  The highest closed sale last month was $911,500 and the lowest was $248,400.

Here are the year-to-date stats:

Jan-Oct 2019                                                         Jan-Oct 2018

Median list price:     $385,000                           Median list price:     $399,975

Median sales price:  $376,000                           Median sales price:    $394,500

No. of homes sold:      255                                 No. of homes sold:      250

Days on market:          21                                    Days on market:        15

Overall, median prices have dropped 4.6% compared to this time last year, however I think the year end totals will show an increase overall.  There are 36 active single family listings in Brookside, with a median list price of $527,000 and 58 days on  market.  Most of the homes are priced at $500K or above; ten are over $1,000,000. The most expensive listing is $7.7 million on the 1200 block of W 55th St–comes with a huge estate lot, a tennis court and pool..oh if only the walls could tell stories about that place!

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