Blogging from Brookside in Kansas City: January 2019

Brookside (Kansas City MO) Home Sales Recap 2018

I'm posting this blog a bit later than usual..just returned from a mid January vacation so I'm behind on the blogging!  After the buying frenzy that kicked off 2018, at the end of the year the stats were similar to 2017 home sales...however, prices did rise. First we will look at December stats, then YTD comparisons.  I am checking the main Brookside zip code of 64113:

 

Dec 2018                                                                        Dec 2017

Median list price:     $457,475                                 Medium list price:     $439,000

Median sales price:   $437,000                               Medium sales price:    $442,000

No. of homes sold:      20                                         No. of homes sold:         27

Days on market:          37                                         Days on market:           29

Several more expensive homes closed last month, including five over $500K and one of those was a $1.75 million home.  Below is the 2018/2017 comparison:

 

2018                                                                                    2017

Median list price:      $407,000                                     Median list price:      $395,000

Median sales price:   $398,000                                     Median sales price:   $387,250

No. of homes sold:        282                                          No. of homes sold:     296

Days on market:           18                                             Days on market:         20

 

The number of homes sold dropped slightly, but the days on market was virtually the same. Overall, prices were up 2.7% for the year.  Interesting, though, is the number of homes that sold over the asking price:  69 houses closed over list price, sometimes by as much as $25K!  The majority of these homes were in the under $400K price point.  The demand is for updated, well maintained homes at $350K or less.  Later this week I will post Waldo home stats--which I think will show a larger increase in home values compared to Brookside.

 

Currently there are 41 single family homes listed in Brookside, with a median price of $430,000 and 92 days on market.  

(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 0 commentsMary Hutchison, SRES, ABR • January 23 2019 05:07PM
Brookside (Kansas City MO) Home Sales Recap 2018
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I'm posting this blog a bit later than usual.. just returned from a mid January vacation so I'm behind on the blogging! After the buying frenzy that kicked off 2018, at the end of the year the stats were similar to 2017 home sales… however, prices… more