Blogging from Brookside in Kansas City

Brookside (Kansas City MO) May 2018 Home Sales Report

Up, up, up....Brookside home values continue to rise in this busy spring/summer buying season.  There is always a lull around Memorial Day..still, due to lack of inventory, prices keep going up because there aren't enough homes for sale to meet demand, particularly in the under $400K price category.  Here are the home sales stats for May 2018, using the main Brookside zip code of 64113:

 

May 2018                                                                   May 2017

Median list price:     $374,500                                Median list price:    $332,500

Median sales price:  $383,500                                Median sales price:  $341,500

No. of homes sold:      29                                           No. of homes sold:    40

Days on market:          9                                            Days on market:        4

 

Homes are still selling in a very short amount of time after they are listed; and sellers are often paying over asking price, possibly due to bidding wars. The highest sale last month was $1.4 million, and the lowest was $221,000--which was $11K over the list price. 

Here are year-to-date stats:

 

Jan-May 2018                                                             Jan-May 2017

Median list price:    $399,900                                  Median list price:      $379,995

Median sales price:  $383,500                                 Median sales price:   $360,000

No. of homes sold:      101                                          No. of homes sold:      119

Days on market:         10                                            Days on market:          18

So far this year,  prices are running 6.5% over the same period last year--and selling quicker.  Currently there are 49 single family homes listed, with a median price of $544,000 and 31 days on market.  The majority of the homes for sale have a sticker price over $400K.  

 

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

Mary Hutchison, SRES, ABR

(Brookside/Armour Hills resident, local business supporter, NPR fan, Habitat ReStore volunteer, thankful for the gift of another day!)

**********

Better Homes and Gardens Real Estate/Kansas City Homes

mary.hutchison@kansascityhomes.com

816 510 1262

www.maryhutchison.org

 

Comment balloon 1 commentMary Hutchison, SRES, ABR • June 17 2018 03:17PM
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