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Riverside, Brookfield area real estate sales down in June over last year, but sales price increases

Published: Thursday, Aug. 7, 2014 10:56 a.m. CDT • Updated: Thursday, Aug. 7, 2014 12:30 p.m. CDT

The Riverside and Brookfield housing markets saw little change in the number of homes sold in each community in June, but the prices of the houses that did sell were up over June sales in 2013, according to data provided by the Mainstreet Organization of Realtors.

Recently released data from the organization that compared sales in June 2013 to sales in June 2014 showed overall sales were down 10 percent in Brookfield. A total of 27 homes were sold in Brookfield in June compared to 30 sold in June 2013.

Sales were down 37.5 percent in Riverside, with 10 homes sold in June 2014 and 16 sold in June 2013.

Lyons saw the largest difference in sales, with the housing market down 50 percent in the year-over-year comparison. A total of eight homes were sold in Lyons in June 2014, compared to 16 sold in June 2013.

Those homes that did sell sold for more money, according to the organization’s data.

In Brookfield, the median sales prices of a home was up 22.9 percent. The median sales price of a home in Brookfield in June 2014 was $215,000, up from a median sales price of $175,000 in June 2013.

Riverside did not see as big of a jump. The median sales price of a home only increased 0.1 percent when comparing median sales price between June 2013 and June 2014. The median sales price in June was $373,500.

Lyons saw an 8 percent increase in median sales price, up from $103,700 in June 2013 to $112,000 in June 2014.

The trends also were consistent with sales in North Riverside, which saw a 50 percent decrease in sales, with three homes sold in June 2014 and six homes sold in June 2013. The median sales price in Riverside was up 2.4 percent with the median sales price rising from $214,750 in June 2013 to $220,000 in June 2014.

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