Kansas City Real Estate Market Update

This short video explains our market in a nutshell.  We’ve been trying to get the word out that we just don’t have enough homes for sale for all the buyers that are looking.  If you’ve been thinking of selling your home, please give us a call.  We’d love to just chat and see if it makes sense for you.  No pressure, no obligations, just a friendly conversation.  Give us a call at 913-732-1247

Here’s some more info and a great graphic too.

Sales at Highest Pace in 10 Years! [INFOGRAPHIC] | Simplifying The Market

Highlights:

  • 45 million existing homes were sold in 2016! This is the highest mark set since 2006.

  • Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.

  • The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year price gains.

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5404 Locust Lane, Kansas City, KS – Coming Soon

5404 Locust Lane, Kansas City, KS

Coming Soon

$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1494 SQUARE FEET

Property Description

Split Level with maintenance free siding that is in move-in-ready! Large living/dining room. Nice size downstairs perfect for second living room or kids playroom. Behind downstairs living area there is a large walk-in storage area. Everything has been painted within the last 5 years and is perfect for all your decorating ideas. Beautiful kitchen with Corian counter tops and flattop stove w/eat-in breakfast room and french doors leading to deck and huge fenced backyard that is beautifully landscaped.

Recent improvements!  Carpet in LR, hallway and stairs replaced 3 yrs ago. Upstairs bath updated with new vanity, tub and surround. Downstairs bath updated 2016.  Back deck rebuilt in Fall 2016. Ceiling fans added to every room and the DR carpet was replaced with laminate for easy maintenance.

 



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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988

Will Increasing Mortgage Rates Impact Home Prices?

Will Increasing Mortgage Rates Impact Home Prices? | Simplifying The Market

There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able to buy, and logic says prices will fall if demand decreases.

However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased.

Here is a graph showing what actually happened:

Will Increasing Mortgage Rates Impact Home Prices? | Simplifying The Market

Last week, in an article titled “Higher Rates Don’t Mean Lower House Prices After All,the Wall Street Journal revealed that a recent study by John Burns Real Estate Consulting Inc. found that:

“[P]rices weren’t especially sensitive to rising rates, particularly in the presence of other positive economic factors, such as strong job growth, rising wages and improving consumer confidence.”

Last week’s jobs report was strong and the Conference Board just reported that the Consumer Confidence Index was back to pre-recession levels.

Bottom Line

We will have to wait and see what happens as we move forward, but a decrease in home prices should rates go up is anything but guaranteed.

from Simplifying the Market™ http://ift.tt/2ge3yec

2804 S 16th Street, Leavenworth, KS

2804 S 16th Street, Leavenworth, KS

For Sale

$ Click for current price
3 BEDROOMS | 4 (2 full, 2 half ) BATHROOMS | 1782 SQUARE FEET

Property Description

This house has lots of room for everyone. A true 2 story with 3 bedrooms upstairs and a full finished basement underneath. There’s even a half bath in the basement with mold resistant drywall. You’ll love the convenience of being so close to Ft Leavenworth but in a great neighborhood setting close away from the hustle and bustle of the highways. The sellers have recently painted the exterior and both the roof and siding were replaced in Sept 2015 so you should have many years of low maintenance ahead. You’ll enjoy the no maintenance vinyl laminate flooring throughout the lower level and most of the house was freshly painted inside as well. With room for 2 cars in the garage you can set up that basketball goal in the driveway like you’ve always wanted! Note: some flooring needs completed, contractor bailed.

Give us a call today to set up a showing.  913-732-1247



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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988

2804 S 16th Street, Leavenworth, KS – Just Listed

2804 S 16th Street, Leavenworth, KS

Just Listed

$ Click for current price
3 BEDROOMS | 4 (2 full, 2 half ) BATHROOMS | 1782 SQUARE FEET

Property Description

This house has lots of room for everyone. A true 2 story with 3 bedrooms upstairs and a full finished basement underneath. There’s even a half bath in the basement with mold resistant drywall. You’ll love the convenience of being so close to Ft Leavenworth but in a great neighborhood setting close away from the hustle and bustle of the highways. The sellers have recently painted the exterior and both the roof and siding were replaced in Sept 2015 so you should have many years of low maintenance ahead. You’ll enjoy the no maintenance vinyl laminate flooring throughout the lower level and most of the house was freshly painted inside as well. With room for 2 cars in the garage you can set up that basketball goal in the driveway like you’ve always wanted! Note: some flooring needs completed, contractor bailed.

Give us a call today to set up a showing.  913-732-1247



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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988

915 E. 79th St, Kansas City, MO

915 E. 79th St, Kansas City, MO

For Sale

Property Description

Take a look at this remodeled half duplex with a full unfinished basement.  You can enjoy owning your own home for less than what you’re paying for rent, or if you’re an investor get positive cash flow immediately on this great place.  Since it’s located 1/2 block from the bus line you can get anywhere in KC without owning a car! If you need more space in the future just finish of the basement.  Lots of room down there for storage now, and would make a great theater room with a half bath when finished off.  Don’t let this one slip past you.  Give us a call today and grab it before someone else does.

 



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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988

915 E. 79th St, Kansas City, MO – Coming Soon

915 E. 79th St, Kansas City, MO

Coming Soon

Property Description

Take a look at this remodeled half duplex with a full unfinished basement.  You can enjoy owning your own home for less than what you’r epaying for rent, or if you’re an investor get positive cash flow immediately on this great place.  Since it’s located 1/2 block from the bus line you can get anywhere in KC without owning a car! If you need more space in the future just finish of the basement.  Lots of room down there for storage now, and would make a great theatre room with a half bath when finished off.  Don’t let this one slip past you.  Give us a call today and grab it before someone else does.



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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988

5023 Powell Avenue, Kansas City, KS

5023 Powell Avenue, Kansas City, KS

For Sale

$ Click for current price
3 BEDROOMS | 4 (2 full, 2 half ) BATHROOMS | 1125 SQUARE FEET

Property Description

Nice house in Turner School district. Being sold AS IS! This is a Short sale! Seller will make no repairs! Pool in back yard needs liner. Some foundation issues disclosed in sellers disclosure. Great neighborhood.

Click Here to get all the information.



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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988

5023 Powell Avenue, Kansas City, KS – Just Listed

5023 Powell Avenue, Kansas City, KS

Just Listed

$ Click for current price
3 BEDROOMS | 4 (2 full, 2 half ) BATHROOMS | 1125 SQUARE FEET

Property Description

Nice house in Turner School district. Being sold AS IS! This is a Short sale! Seller will make no repairs! Pool in back yard needs liner. Some foundation issues disclosed in sellers disclosure. Great neighborhood.

Click Here to get all the information.



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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988

4939 Briar Street, Roeland Park, KS

4939 Briar Street, Roeland Park, KS

For Sale

Property Description

Enjoy the convenience of easy highway access with this cute ranch home located in the Shawnee Mission School District.  Invite your friends over to enjoy a cool beverage on the backyard deck this summer.  All appliances stay,including the washer and dryer.  The finsihed basement has the extra room you need and new carpet is being installed as soon as scheduling permits.  If you’re looking for a great starter home in a great area, this home has it all!




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Paul & Clarie Holland
Platinum Realty
Licensed in KS & MO
913-732-1247 or
888-220-0988