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Market Trends
Commentary Provided byDiedre Williams & Jill Davis Now is an exceptional time to buy a home in Plaza and Brookside. Low interest rates and consistent resale values make a home purchase in these neighborhoods a great value investment. Call (913) 515-0952 anytime for more information. We’d love to be of service to you! |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Kansas City | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $300,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Up 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | Brookside and Plaza homes that are priced at or just below market value, have the best locations and are in sharp, clean and updated condition can receive multiple offers. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Plaza and Brookside is | Increasing | ||
| Seller Activity for the past 90 days in Plaza and Brookside is | No Change | ||
| Is Financing Available For Qualified Buyers in Plaza and Brookside? | Yes | ||
| Comments on Financing For Qualified Buyers | Mortgage interest rates remain historically low for both FHA and conventional financing options. Sellers paying the buyer's closing costs is a common negotiation in this market; this concession opens the home buying option to even more buyers. | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% | ||
| Housing Hot Spots | The character of homes in Brookside and the Plaza have great appeal to buyers - there are no other neighborhoods quite like these. Established trees line every single street and the easy proximity to parks and walking trails draw buyers relocating to Kansas City, as well as metro area buyers who want to leave traditional suburbs. The option to walk to shops, restaurants and general services in and around Brookside and the Plaza have become high profile benefits. | ||
| Reason to Buy/Sell | The uniqueness of Brookside and the Plaza consistently attracts buyers; the current strong selection, competitive interest rates and more recently, the Move-Up and First Time Home Buyer's Tax Credits, supplement the demand for these coveted neighborhoods. | ||
| Average Sold Price | $300,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Diedre Williams & Jill Davis
Realty Executives of Kansas City Leawood, Missouri 913-515-0952 diedre@agents.househunt.com Agent Home Page 
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Plaza and Brookside Local News
Current Market Statistics for Brookside, Missouri and Plaza, Missouri Real Estate - Tuesday January
January 19, 2010 - Current Market Statistics for Brookside, Missouri and Plaza, Missouri Real Estate
Good day! Thank you for your visit to our HouseHunt website. We appreciate the privilege of keeping you updated on the latest market statistics for Kansas City's mid-town neighborhoods. Recent sales volume confirms that Brookside, the Country Club Plaza, Waldo and Westport continue to appeal to buyers of all price ranges. 165 single-family homes have sold in the past three months, averaging just 70 days on the market. The lowest sales price was $20,000, the highest $641,000, and sellers received, on average, 96% of their asking price. The condo/attached-home market continues to offer some incredible opportunities if a buyer has long-term occupancy plans. There are currently 196 condos on the market with purchases averaging just 11 per month. The average sales price in the past 90 days has been $244,077.
As is often the case during the holidays, the number of available single-family homes has declined over the past month, leaving active buyers with just 4 1/2 months of inventory to consider. As the weather continues to warm, at least occasionally, and as sellers look to take advantage of the $6,500 tax credit before its April 30th expiration, we expect that market volume will increase. Single-family homes in these mid-town neighborhoods consistently give buyers a wide range of choices, from move-in-ready, to opportunities for building your own sweat-equity with do-it-yourself repairs and updates. If you would like a list of "best buy" houses for Brookside, Missouri or Plaza, Missouri real estate, simply send us an email with "Best Buy" in the subject line.
Today's real estate market offers you many choices and resources, so we truly appreciate the opportunity to assist you. Please continue to consider our website your real estate search source, and consider our team at your service for any question, any help, any time!
At your service,
Diedre and Jill
Realtors® licensed in Kansas and Missouri
By the way, if you have questions about financing options and/or whether you can qualify to purchase a home, Peet Crissey with First National Bank is a direct resource for you. Call Peet directly at 913-266-7037.
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