Blogging from Brookside in Kansas City: Brookside (Kansas City MO) Home Sales Report - July 2020

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

Here in the dog days of summer...the selling and buying market is still very strong in Brookside!  Usually from mid August to mid September, there is a slow down as people take last minute vacations, get kids back in school, have a long Labor Day weekend.  But this year, new listings in the moderate price range are being snapped up almost immediately!  Here are the sales stats for single family homes in Brookside, using the zip code of 64113:

 

July 2020                                                                                  July 2019

Median list price:    $425,000                                                 $377,500

Media sales price:     $425,000                                               $370,000

No. of homes sold:       33                                                            36

Days on market:           5                                                              20

 

We had a $1million+ sale last month, and the buyer actually paid $115K over the list price! That's unusual for these higher end homes, that tend to sit on the market for several weeks.  Sellers were getting at or above the list price for homes that closed last month.

 

Let's look at the year-to-date numbers now:

 

Jan-July 2020                                                                            Jan-July 2019

Median list price:    $387,475                                                    $389,950

Median sales price:  $393,750                                                    $382,500

No. of homes sold:        152                                                           190

Days on market:             8                                                               24

 

So far, home values are running 2.94% higher than last year.  Currently there are 22 single family homes for sale in Brookside, with an average list price of $974,000 and 65 days on market. The reason for that very high average price is half of the homes for sale are priced over $1,000,000.

(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 • August 24 2020 05:11PM

Comments

Mary, you weren't kidding, homes are being snapped up quickly.   Single digit days on market is tough on buyers.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) about 1 month ago

Mary my market is very similar there are properties that have 41 offers... now I wish I had one on many of my listings:)Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 1 month ago

Thanks for sharing your market update.  Great information for buyers and sellers in your market.

Posted by Richard Weeks, REALTOR®, Broker about 1 month ago

Brookside sellers and buyers are sure to appreciate your real estate market report, Mary!

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) about 1 month ago

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