The year is almost over...and what a year it has been for Brookside home values! Overall, a hefty increase in average selling price from last year. Let’s examine the numbers for November--here are single family home sales stats in the main Brookside zip code of 64113:
In November 2013, 27 homes sold. Average list price was $463,631 and average sales price was $427,150. Average days on market was 78.
In November 2012, 24 homes sold at an average price of $440,492 and 154 days on the market.
There was some increase in average sales price compared to last year, and days on market was cut in half. The highest price home that closed in November was in Sunset Hill at 1217 W 55th St for $3,650,000.
Now let’s compare to year-to-date figures:
From Jan-Nov 2013, 285 homes have sold at an average price of $359,103 and 85 days on market.
From Jan-Nov 2012, 280 homes sold at an average price of $340,621 and 115 days on market.
You can see from the figures above that Brookside homes are selling at a higher average price and in a shorter time frame. I think we will end up with a 10% increase in home prices over 2012--will know the exact numbers when I publish year end figures next month.
As of this writing, there are 82 single family homes for sale in the Brookside zip code of 64113 with an average list price of $700,167. The high average list price is due to the number of higher priced homes for sale: 31 of the 82 listed homes are $500K or higher; ten of the 31 are on the market for over $1million.
(All figures taken from Heartland MLS and deemed reliable but not guaranteed).