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:
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.)