Missouri Regional MLS data show high-end home listings in Springfield dropped last month to the lowest point of 2020.
For the monthly editorial series Curb Appeal, Springfield Business Journal compiled a list of single-family homes within city limits that have an asking price of $500,000 or more. In December, listings that met the criteria came to four residences, down from eight in November and 14 in October. The November figure was the previous low of the year.
The homes listed last month have combined asking prices of nearly $3 million. The previous low for aggregate asking prices in one month was in April, at $6.6 million. The highest was $16.7 million in May, according to past reporting and MLS data.
The highest-priced home in December was a residence just off far East Sunshine Street that was listed by Keller Williams Greater Springfield for $849,000.
The latest data from the Greater Springfield Board of Realtors show the average sales price for local homes in October was $225,556 and that the residences spent an average 33 days on the market before selling.
The National Association of Realtors reported in a Dec. 30 news release that that existing home sales decreased in November to a seasonally adjusted annual rate of 6.7 million. That's down 2.5% from October but up 25.8% from November 2019.
"Home sales in November took a marginal step back, but sales for all of 2020 are already on pace to surpass last year's levels," said Lawrence Yun, NAR's chief economist, in the release. "Given the COVID-19 pandemic, it's amazing that the housing sector is outperforming expectations."
SBJ survey data is used to analyze the flow of money.
Michael Smith and Chris Sawyer, COO and CEO of Next Level Solutions respectively, discuss how they keep their remote teams and offices in and out of country on the same page. Next Level Solutions was ranked #1 in the Springfield Business Journal's 2021 Dynamic Dozen.
John Oke-Thomas, architect and co-founder of minorities in business, responds to the accusation that minority businesses are only successful because of the priority they have received in lending. He says that if a business uses a loan well, it shows their worth.
Sandra Smart, a technology and commercialization specialist, shares tips for entrepreneurs who are ready to seek funding. Some of her tips apply broadly; some target technology industry businesses. Smart works with tech entrepreneurs and startups, and hosts training workshops through the Missouri SBDC at Missouri State University's efactory.
Hollie Elliott discusses common misconceptions about locating your business in a small town. She says that there are a lot of benefits that people may not consider.
Drawing on his own experience dynamically evolving his company and business model, Jim Meinsen discusses when and how you might need to draw on new technology. Jim and Debbie Meinsen are co-owners of TCI Graphics in Springfield.
John Oke-Thomas, longtime Springfield architect, discusses his philosophy on architecture. He says that future historians will be focused on the sustainability of our contemporary architecture.
Erin Hedlun, director of marketing and communications at Evangel University, says compassion is an important job skill. Hedlun says it is a component of what makes a leader.
Rachel Barks, owner of Artistree Pottery, talks about the concepting that went behind the aesthetic of the business.
Caleb Scott, coach and co-owner of Queen City Insane Asylum football team, says he had to sacrifice early on to make sure his team had places to play. With the business climate at the time, it wasn't easy.
Aaron York talks about the culture he fosters at Donco3 as the general superintendent. York says the key is to treat your business like family.