Here we go, Brookside neighbors….a recap of 2015 home sales for our area. The good news is home values are way up. The bad news...not much inventory for buyers to choose from! This is especially critical in the $225-325K price range. Higher prices bring equity to long term residents and show buyers they are investing in a good location. So check out the details below... I am reporting closed single family home sales for the Brookside zip code of 64113:
* 342 homes sold.
* The median list price was $337,750; the median sales price was $309,475.
* Average days on market: 39.
*Seven homes sold for over $1million. Highest sales price was a $1.8 million home on
West Meyer Blvd.
*53 homes sold for over $500K.
*289 homes sold.
*The median list price was $307,000; median sales price was $295,000.
*Average days on market: 41
*Two homes sold over $1million.
*42 homes sold for over $500K.
These number show us that prices are going up, and there is a strong demand from buyers to purchase here. The days on market are virtually the same (days on market is how long a home sits before going under contract). Upper bracket buyers (for homes $500K and up) are more active than in 2014.
Now let’s look at a few more figures to show trending home prices. Below are the median sales prices for each year and how many units sold:
2013: $295,000 median sales price; 307 homes sold.
2012: $277,000 median sales price; 296 homes sold.
2011: $249,000 median sales price; 210 homes sold.
In 2015, prices increased in Brookside 11% over the previous year; 18% more homes sold last year.
SInce 2011, we’ve seen a 32% increase in prices in our neighborhood!!!
We continue to have a thriving, desirable location for buyers of all price ranges here in Brookside. For those sellers who maintain their properties, keep them updated and move in ready--expect to have a quick sale, especially in the $350K and under price range. Lower priced homes that need a lot of updating and repair also go under contract quickly--they are ‘flipped’ by investors.
Need more detailed information about home sales in your area: Contact me at email@example.com
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)