Brookside sales continue to slowly ease down as we head towards the end of the year. The usual pattern is as follows: strong sales in the spring and summer months, then fewer closings as the weather turns cooler. Here are the August single family home sales numbers for the Brookside area, using zip code 64113:
In August 2014, 23 homes sold. Median sales price was $261,000 and 28 days on market. The lowest sales price was $222,250 and the highest was $355,000.
In August 2013, 34 homes sold. The median sales price was $279,900 and 87 days on market. The lowest sales price was $173,000 and the highest was $1.525 million.
Why the drastic drop in median sales price? One explaination would include the fact that the highest price sale this August was well under $1million, as compared to a year ago. Most buyers purchased homes in Brookside well under $400K. What is concerning is that fewer homes overall are selling, compared to last year.
Checking year to date figures:
From Jan-August 2014, 186 homes sold at a median sales price of $311,000 and 36 days on market.
From Jan-August 2013, 216 homes sold at a median sales price of $291,000 and 47 days on market.
Note the days on market are fewer, for the month and year to date. Buyers are snatching up the moderately priced homes in our zip code that are updated and move in ready. The higher priced or overpriced homes that need updating continue to sit on the market.
Currently there are 99 single family homes for sale in the Brookside zip code of 64113 with a median list price of $409,857. The lowest list price is $175,000; the highest is $4.445 million. Average days on market: 86. Note that 60 of the 99 homes are priced over $350,000. There is still a strong demand for updated Brookside homes priced under $350K--if you have one ready to sell!
(All figures taken from Heartland MLS and deemed reliable but not guaranteed).