Blogging from Brookside in Kansas City: July 2020

Brookside (Kansas City MO) Home Sales Report-June 2020

Halfway through the year!  How are Brookside home sales doing? Well, with interest rates continuing to fall, it's very competative for buyers right now.  Well maintained, well priced updated homes sell  quickly.  Values are up compared to June 2019; year-to-date numbers are lower.  I'm checking the stats for the main Brookside zip code of 64113, single family homes:

 

June 2020                                                                 June 2019

Median list price:    $424,900                                  $369,000

Median sales price:  $420,000                                 $370,000

No. of homes sold:       27                                            31

Days on market:           8                                              11

Prices were up over 13% compared to last June, and in a shorter period of time.  Last month, eleven homes over $500K closed.  Now let's check year-to-date numbers:

 

Jan-June 2020                                                          Jan-June 2019

Median list price:       $379,000                               $395,000

Median sales price:     $378,000                              $389,807

No. of homes sold:       119                                         154

Days on market:            10                                          28

 

Overall, home values down 3% compared to same time period last year.  However, notice fewer homes sold, but in a shorter amount of time. In the first half of 2019, seven $1,000,000+ homes closed--this year, just one so far.  I believe COVID 19 had a huge effect on the usual busy spring market of March through May.  Many potential sellers kept their houses off the market, resulting in less inventory.  Listings are picking up now; who knows what will happen as the pandemic continues.  Brookside homes continue to sells very close to list price. 

Currently there are 30 single family homes listed in Brookside, and 13 of those are priced over one million dollars.  Average list price is $795,950 and 58 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 4 commentsMary Hutchison, SRES, ABR • July 21 2020 08:55PM
Brookside (Kansas City MO) Home Sales Report-June 2020
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Halfway through the year! How are Brookside home sales doing? Well, with interest rates continuing to fall, it's very competative for buyers right now. Well maintained, well priced updated homes sell quickly. Values are up compared to June 2019;… more