Plaza and Brookside Real Estate Market Conditions & Reports, Plaza and Brookside Market Trends, Missouri

Market Commentary Provided by Diedre 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!

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Diedre Williams & Jill Davis
Realty Executives of Kansas City
Leawood, Missouri
913-515-0952
diedre@agents.househunt.com
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Nearest Metro Area

Kansas City

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

No Change

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?

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

First Time 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?

5-10%

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 First Time Home Buyer's Tax Credit, 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.

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