It was another stellar year for our real estate investments as prices increased for the third straight year in a row in Brookside*. The average home sales price in Brookside rose 9% over 2016. That is a major increase.
Looking back, there were fewer sales and higher prices in 2017. The fewer sales was not because of less demand, quite the opposite in fact! There were fewer sales because we didn’t have enough homes to sell. The demand was there, but the homes weren’t. Perhaps this drove prices higher than they would have climbed. Who’s to say? All I know is that my home is worth more than it was last year. This will help give us extra spending money when we sell and move to a bigger and better house, or help us build equity and long-term wealth if we decide to keep it as an investment property.
Let’s check out the numbers, shall we?
If you have a home to sell or are considering a move, please do not hesitate to reach out. I’d love to hear from you, and I can help you decide if now is the right time. Or maybe you’re just curious about how much your home is worth? I would be happy to provide you with a free property analysis – just ask!
*For purposes of this report, I included properties located from 55th St to Gregory (71st St), and from State Line Rd to Holmes Rd. We know everyone has a different idea of what Brookside is and where the official boundaries lie; however, we feel this is the most accurate geographical representation for real estate purposes.