And another year has begun; it was quite a month we had, with weeks of frigid temps, frozen pipes, Restaurant week and football playoff games – congratulations again Chiefs! Last year finished strong for Brookside home values, up 15% from 2022. All indications point to another busy buying season with bidding wars for the priced right properties. Let’s take a look at what happened last month; I’m tracking single family home sales in the main Brookside zip code of 64113:
january 2024
january 2023
Median list price:
$437,500
$429,975
Median sales price:
$445,000
$430,075
Days on market:
4
49
No. of homes sold:
16
16
Already prices are up around 4% compared to a year ago. Last month the lowest sales price was $312,000 and the highest was $1.195 million. Currently there are 12 homes for sale in Brookside with a median list price of $924,950! The reason for that high number is this: only two homes are listed under $500K; and there are 5 listings over $1,000,000. Most buyers want an under $500K price tag.
If you are thinking of selling or buying in the Brookside/Waldo area–contact me for a market analysis. There are always people who want to sell and buy; making the perfect connection is what I do!
Happy 2023! This feels like a typical January–very cold weather and hoping Chiefs keep winning in the playoffs! Time to take a look at the December 2023 home sales figures, and the end of year/5 year trend recap as well. And the trend is… higher prices, less inventory. Typical! I’m tracking single family home sales in the main Brookside zip code of 64113:
december 2023
december 2022
Median list price:
$575,000
$490,000
Median sales price:
$575,000
$501,000
No. of homes sold:
15
22
Days on market:
18
15
Sales prices were up 14% compared to December 2022; fewer homes changed owners and the days on market was about the same. The lowest closed price was $405,000 and the highest was just over $2.8 million. Below I’ve charted the five year trends:
2023
2022
2021
2020
2019
Median list price:
$550,000
$492,450
$459,950
$419,000
$389,950
Median sales price:
$572,000
$500,000
$475,000
$416,000
$380,000
No. of homes sold:
246
294
338
326
301
Days on market:
3
3
3
8
23
These numbers tell us a few things:
*Home values up 14% from 2022-2023, up 50% since 2019.
*Homes are selling faster, and inventory continues to decline.
*For the past three years, most buyers pay list price or above.
Unless more homeowners are willing (or must) give up the lower interest rates for a move, prices will continue to rise due to a lack of inventory. As interest rates drop, more buyers will want to buy to take advantage of a lower payment. One thing is always consistent: the best time to buy a home is when you are financially able and ready for home ownership!
It’s the week of Thanksgiving 2023–lots to do!! And besides all the visiting, cooking, travel and general hoopla–remember to be grateful for this life…and your home. Now, on to the home sales stats for Brookside last month, using the main Brookside zip code of 64113:
october 2023
october 2022
Median list price:
$562,500
$584,475
Median sales price:
$570,000
$622,500
No. of homes sold:
20
18
Days on market:
3
3
Last month buyers paid just over 1% of list price, and yet the median price was down 8.4% compared to October 2022. The lowest closed price was $425,000 and the highest was $1.6 million, which was $25K over the asking price! Year-to-date stats below:
Jan-Oct 2023
jan-0ct 2022
Median list price:
$554,500
$497,000
Median sales price:
$575,000
$500,500
No. of homes sold:
212
254
Days on market:
3
3
So far this year, 16% fewer homes changed owners in Brookside; home values are up 14% YTD. There are 18 homes listed in Brookside, with a median price of $690K and 66 days on the market. Several of the multi million dollar homes have been sitting on the market a while, increasing overall days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Prices going up, fewer homes are selling, that is the story for Brookside/Waldo home sales this year. Here are the stats for single family homes in Brookside last month, using sales in the main Brookside zip code of 64113:
september 2023
september 2022
Median list price:
$450,000
$439,900
Median sales price:
$471,000
$437,900
Days on market:
2
19
No. of homes sold:
13
25
Just under 50% fewer homes sold last month compared to a year ago; prices up 7.5% and buyers still paying over asking price. This is the time of year when home sales typically slow down, however that’s a pretty steep drop in a year. The lowest closed sale was $360,000 and the highest was $808,000. Here are the year-to-date numbers:
jan-sept 2023
jan-sept 2022
Median list price:
$554,500
$489,700
Median sales price:
$576,000
$500,000
Days on market:
3
3
No. of homes sold:
192
236
So far this year, home values up just over 15% and the number of homes sold is down 18%. Currently there are 21 active listings in Brookside, with a median price of $550,000 and 35 days on the market. The lowest price is $385K and the highest is $9.35 million.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
The higher interest rates don’t seem to be deterring homebuyers who want to call Brookside home; fewer homes closed last month but prices continue to climb over asking price–likely due to lack of inventory. Here are the stats for single family home sales in Brookside, using the zip code of 64113:
july 2023
july 2022
Median list price:
$535,000
$540,000
Median sales price:
$570,000
$530,000
Days on market:
2
3
No. of homes sold:
29
35
Buyers paid about 6.5% over asking price and values up 7.5% compared to July 2022. The lowest closed sale was $335K and the highest was $3.5 million. There were three million dollar plus sales last month. Here are the year to date numbers:
jan-july 2023
jan-july 2022
Median list price:
$575,000
$495.000
Median sales price:
$577,000
$505,500
Days on market:
3
2
No. of homes sold:
159
182
The number of homes sold dropped by 14% so far this year, and prices are up 14%. There are just 14 active single family homes listed in Brookside as of this writing, and the median price is $870,000–certainly not affordable for most buyers. Twelve listings are over $500K and 6 are over $1,000,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
We are at the halfway point for home sales this year and it seems like buyers have adjusted to the higher interest rates and it’s …business as usual. As in, not enough inventory, buyers getting into bidding wars and paying over asking price. Home values have increased by double digits compared to last year. Here are the numbers…I’m checking single family home sales for the main Brookside zip code of 64113:
june 2023
june 2022
Median list price:
$580,000
$459,550
Median sales price:
$593,250
$485,000
Days on market:
2
2
No. of homes sold:
40
26
Some interesting numbers here…first of all, there were 8 homes that closed last month over $1,000,000 and most of them sold for over the asking price. We had our highest sale of the year so far at $2,990,000 (cash!). Over 50% more homes closed and values up 22% compared to June 2022. The lowest closed price was $355,000.
Here are the year-to-date stats:
jan-june 2023
jan-june 2022
Median list price:
$575,000
$489,250
Median sales price:
$578,500
$500,500
Days on market:
3
2
No of homes sold:
130
146
So far our home values are up 15% YTD, even though fewer homes have closed–still our neighborhood is in high demand. As you can see, the majority of buyers are paying list price or over. Currently there are just 13 homes for sale in zip 64113 and the median list price is…$1.3 million! That’s because there are seven of the 13 homes are priced over a million with the highest at $10,000,000. The lowest priced home for sale is $549,000. I just don’t see any slowdown in the demand for Brookside homes.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Here we are in the thick of the busy home buying and selling season and despite the much higher interest rates, so many houses are still going under contract very quickly, often for over asking price. I think buyers have “gotten used to” these higher rates and although their dollars can’t buy as much, they still want to own a home. And yes, there is still a lack of inventory.
Here are the stats for the main Brookside zip code of 64113, single family home sales:
May 2023
May 2022
Median list price:
$575,000
$462,500
Median sales price:
$582,500
$487,400
Days on market:
2
2
No. of homes sold:
28
36
Although fewer homes sold, most houses are going under contract within 48 hours and home values rose 19% compared to May 2022. We had two multi-million dollar closings last month; the lowest closed price was $376,500 and the highest was $2.2 million. And you can see that buyers are paying list price or above. Here are the year-to-date numbers:
Jan-May 2023
jan-May 2022
Median list price:
$567,000
$492,450
Median sales price:
$576,000
$516,500
Days on market:
4
2
No. of homes sold:
90
120
So far this year, 30% fewer homes have sold yet home values jumped up 11% compared to 2022. Many buyers pay over asking price….I know this sounds redundant to hear every month, but that’s the way it is!!
Currently there are just 11 homes for sale in the 64113 Brookside zip code, ranging in price from $409,900 to $10 million. The median list price is $850K and 31 days on market.
(all stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Did you make a career change due to the COVID 19 pandemic? Jessica and Alex Wood did—and Brookside is better off for it!Their new ice cream shop is called FrenchCustard.
Alex and Jessica Wood, owners of French Custard
Pre pandemic, the Woods were living in Manhattan NYC; the couple had their own e- commerce clothing line, Discourse NYC. Jessica says they always like to “make our own stuff: we bake our own bread, make our own pizza, we ferment stuff” so when COVID hit and they reassessed priorities, the pair moved to Kansas City (where they are both from) and decided to make their own ice cream. “It was a COVID project” Jessica explains, “we love French custard ice cream, which is very popular in New York. There are so many artisan ice cream shops there and we missed being able to walk to our favorite spot for a treat”. Alex’s grandmother found an old 1980s ice cream maker in her basement (complete with instructions on a video cassette!!) and they started experimenting. They gave samples to friends, hosted several pop ups and based on the enthusiastic response, decided to open a storefront.
There are two different styles of ice cream, Jessica explains. The “Philadelphia style” is most common in the US—this style does not use eggs and does use a lot of stabilizers for consistency. Jessica and Alex prefer the French custard style, which uses only eggs, milk, cream, and sugar— no other additives. You can really tell the difference too: French Custard tastes very natural, fresh, and clean—rich and smooth with that special homemade burst of flavor. All of their ice cream is made in the back of the store and the flavors change often. Right now their best selling scoop is Salted Caramel Pretzel; other flavors include Brookside Butter Pecan, Fruity Pebbles, Mint Chocolate Chip, Cinnamon Churro, Cookies and Cream and French Vanilla. Alex and Jessica also have quite a few collaborations going on with other local businesses; Heirloom Bakery sells their ice cream during their Wednesday Summer happy hour and Bacaro Primo (Italian restaurant in the Crestwood Shops) features French Custard ice cream on their menu.
Alex and Jessica live in Brookside, within walking distance of the store. “We are so excited to be open in Brookside; this is where we wanted to be. We feel we have something very special to add to the flavor of Brookside” says Jessica. “Everyone here is so very nice and helpful; French custard ice cream shops in NYC are very, very competitive. Here, it’s a very friendly atmosphere”.
French Custard is currently open Tuesday/Wed/Thursday from 2pm-9pm; Fridays from 2-10pm; Saturday noon-10pm and Sunday noon-9pm. French Custard is located at 5905 Main St, along the Trolley Track Trail in the Morningside Shops. Treat yourself soon!
Home prices aren’t rising as drastically as they were; however the number of units sold is way down. Why? Here’s one reason: homeowners do not want to give up locked in low interest rates for a more expensive home with much higher interest rates. That means less inventory for buyers. Let’s take a look at the numbers; I’m using the primary zip code of 64113 for this report:
April 2023
april 2022
Median list price:
$519,000
$479,950
Median sales price:
$516,000
$500,000
No. of homes sold:
17
35
Days on market:
3
2
Prices are up just over 3% compared to one year ago, and most buyers are paying slightly under list price. Notice the number of units sold–50% fewer than April 2022. Lack of inventory and higher interest rates contribute to fewer homes selling. Now let’s look at year-to-date figures:
January-april 2023
january-april 2022
Median list price:
$550,000
$499,000
Median sales price:
$537,250
$529,250
No. of homes sold:
62
84
Days on market:
7
3
So far home values are up 1.5% compared to 2022. Most homes are still going under contract quickly and yes, there are still some bidding wars. Currently there are 12 single family homes for sale in Brookside, with a median list price of $789,450 and 31 days on the market. Most of the houses are priced well over $500K, including 4 over $1,000,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
The weather forecast looks good for this weekend–fortunately for two outdoor events you can check out! The biggie is the 37th Brookside Art Annual, at 63rd St and Brookside Plaza.
Booths open tomorrow, Friday May 5, at 5pm. Enjoy browsing through all sorts of local and regional art: painting, sculpture, clothing, jewelry, photography and a few pieces that will certainly make you ponder…what is it exactly?? In addition there are things for the kids to do: arts and crafts and face painting plus several food and snack options. The Art Annual continues on Saturday from 10am-9pm and Sunday 11am-5pm.
Also happening on Saturday is the 2nd Annual Waldo Spring Fling, at the NE corner of Gregory and Wornall. This is a smaller, growing event and family friendly; several local Waldo businesses will have booths set up plus food trucks for noshing.
You can easily enjoy one or both outdoor events this weekend; remember to drive slowly near these two areas and watch for extra pedestrians and tight parking on side streets. Thank you for supporting our local Brookside and Waldo businesses and events!
