Brookside Home Sales Report-Oct 2014

Home sales in Brookside continue to slow down, as is usual this time of year.  As we get into colder weather and the holiday season, buyers have other things on their minds. It’s very difficult to look at homes when darkness falls at 5pm!  Here are the home sales stats for the Brookside zip of 64113 from October 2014:  

In October 2014, 25 homes sold.  Median list sales price was $340,000, and median sales price was $320,000 with an average of 41 days on  market.  The lowest priced home sold  was $158,000 in Armour Hills and the highest was $615,000 in Romanelli Gardens.  

In October 2013, 23 homes sold.  The  median list and sales price were the same:  $279,000 and 35 days on market.

Virtually the same number of homes sold compared to a year ago, but the sales price was higher.   

Looking at year to date figures:

From Jan – October 2014, 244  homes have sold at a median sales price of $307,000 and 37 days on market.

From Jan – October 2013, 271 homes sold at a median sales price of $298,000 and 46 days on market.  

So far this year, the trend has been fewer homes sold and prices are up.  There is still a lack of updated, well maintained homes in the $200-$225K price range in Brookside.  It is encouraging that home values continue to rise, so we continue to make up equity lost during the housing crash during the recession.

Currently there are 81 single family homes for sale in the Brookside zip code of 64113 with a median list  price of $384,950 and 80 days on market.  Of the 81 homes for sale, 24 are priced over $500K and 9 are priced over $1 million.   (All figures taken from Heartland MLS and deemed reliable but not guaranteed).

Brookside (Kansas City MO) Home Values Up 9% in 2013

Another year completed…and what a year it has been for Brookside home values!  Overall, a hefty increase in average selling price from 2012. Let’s first  look at December 2013 figures, then move on to year-end statistics. The numbers below reflect single family home sales in the  Brookside (Kansas City MO) zip code of 64113:

In December  2013, 21 homes sold.  Average list price was $558,667 and average sales price was $508,900.  Average days on market was 99.

In December 2012, 16  homes sold at an average price of $298,788  and 88 days on the market.

Obviously that is a huge jump in average sales price. That’s  because a $3.65 million home closed in December (1217 W. 55th St), along with five other homes priced over $500K.  These sales pushed the average sales price way up.  Days on market were higher in December 2013 because generally it takes longer for the upper bracket homes to go under contract.

Now let’s compare 2012 to 2013 Brookside home sales:

From Jan-Dec 2013, 307  homes  sold  at an average price of $368,994 and 86 days on market.

From Jan-Dec 2012,  296  homes sold at an average price of $337,524 and 114 days on market.

There was a 9% increase in average sales prices between 2012 and 2013–excellent news for homeowners!  Days on market was less as well.  In 2013, I saw many more higher priced homes selling in our neighborhood, including several close and over the $1million mark.  Brookside has successfully weathered the housing crash and is again a strong area of interest for buyers.  Another indication of Brookside’s desirability as a neighborhood is the number of teardowns/new build jobs going up–I’ve seen three projects in varying stages of completion.

As of this writing, there are 69 single family homes for sale in the Brookside zip code of 64113 with an average list price of $729,282.  The highest priced listing is at 5550 Ward Parkway, priced at $4.25 million.  The lowest listed home price is on the 6400 block of McGee at $159,500.               .

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

Upcoming Brookside/Waldo Events:  Networking for Brookside/Waldo businesses is Wed Jan 22 from 8-9am at Spay and Neuter KC, 1116 E 59th St.