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Tuesday, July 30, 2024
Wednesday, May 15, 2024
Kansas City area market update Q4 2024
Affordability challenges continue to impact Market activity with many buyers and sellers at a standstill due to fluctuations in mortgage interest rates which are up considerably from this time last year.
Some prospective buyers have been sidelined by elevated sales prices and higher borrowing costs causing existing home sales to fall while many would-be sellers with low rate mortgages have delayed their decision to sell in hopes market conditions will improve further reducing the number of homes on the market.
The number of homes for sale was down compared to this time last year. Inventory levels marketwide decreased 12.8 percent to 4,978 units. The Month's supply of inventory was up slightly to 1.6 months. Pending sales decreased 13.6 percent from the second quarter of 2022 to 10,651 for the quarter. Closed sales decreased 16.8 percent from the second quarter of 2022 to 10,204 for the quarter.
The trend of decreasing sales continues as interest rates remain high and home prices have not come down enough to keep them affordable. Prices were up compared to last year at this time the average sales price increased 5.1 percent to 363,576 dollars. The lack of inventory continues to push home prices up despite the increasing interest rates. Percent of original list price received was down slightly from Q2 2022 however most homes are still selling at or slightly above that original list price due to the continued imbalance in supply and demand that boosts competition. Among home buyers especially in more affordable markets the shortage of existing homes for sale has also led an increasing number of buyers to the new Home Market which has seen construction and new home sales surge in recent months exceeding expectations and causing Builder confidence to rise to levels not seen in nearly a year.
Buying a home with an experienced Realtor is more important than ever with the low inventory and multiple offer situations. If you own your home and want to see how your property would perform in this current market, contact Brad Korn (816) 224-KORN (5676) or find us just about anywhere on the internet by searching "KornTeam Real Estate".
Monday, May 13, 2024
Lake Winnebago, MO (Missouri) Lake Tour with Brad Korn and Lake Homes for sale in the area. KornTeam Selling Greater Kansas City Lake Properties
Lake Winnebago. Missouri: Take a Boat Tour with Brad Korn at Lake Winnebago MO , Luxury recreational lake community in the Greater Kansas City area. To check out the Lake homes for sale, https://portal.onehome.com/en-US/share/1002089o06783
Wednesday, May 08, 2024
LAKE FRONT in Lake Winnebago! Rare Find Ready to Move In for Summer
328 N Winnebago Drive, Lake Winnebago, MO 64034
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Friday, February 16, 2024
FOR SALE: 556 Hackberry Street, Americus (Emporia area), KS 66835
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556 Hackberry Street, Emporia, KS 66835 |
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| County: | Lyon |
Floor Plan: | Bungalow, Ranch | Style: | Craftsman |
Construct: | Frame, Vinyl Siding | Roof: | Composition |
Garage: | 1/Detached | Bsmt: | Crawl Space |
Tuesday, January 02, 2024
Wednesday, June 07, 2023
Greater Kansas City Real Estate Market Update Quarter 1 2023
Kansas City Quarter 1 update
Mortgage rates are still moving and started Q1 around the low 6% creating surge is showings and pending offers. New home sales improved and days on market extended giving buyers a little more breathing room to look at homes. Pending and closed sales dropped a little as prices were going up. the inventory levels went up, and at this time last year, the prices this year were up a little over 1%. The inventory is low even though the days on market has gone up just over 30 days. That inventory catching up causes prices to come back to a more normal market.
Active buyers are definitely taking advantage of the leveling out of the market and with interest constantly changing up and down, they are not having to compete against dozens of offers and getting homes for fair prices. At the same time, economics 101 will show that if there are still more buyers than homes available, new home owners are still benefiting from higher than normal appreciation.
Sellers are still getting 97% of sale price.
Friday, June 02, 2023
Real Estate For Sale 7025 Willow Avenue, Raytown, MO 64133
7025 Willow Avenue, Raytown, MO 64133
L Price: $214,900
MLS#: 2438411 County: Jackson
Raytown Area
Sub: Loveland's Add
Bed: 3 Full Bath: 1 Half Bth:
Total SF: 1,294
Yr Blt: 1959
Fireplace: Yes Central Air: Yes Gararage: Yes
Ready to move in NOW! Quite a few Updates. semi-private street is a one-way. Maintenance FREE exterior vinyl siding. Newer HVAC system and is a heat pump. BONUS!!! TWO living areas on main floor. Living room offering luxury vinyl plank flooring and big window. Living has 2 walk through to kitchen and dining. Family room off the kitchen/dining area and has vaulted ceiling, ceiling fan, fireplace and walks out to HUGE 16x15 deck. Lots of counter and cabinet space in open kitchen including all the appliances in the house, stainless steel fridge and AIR-FRYER stove. Microwave, dishwasher AND WASHER & DRYER!!!! Why rent? Own a home for what most rents are. Get the country feel and you may even hear a rooster once in a while. Great size driveway and garage plus added concrete along side of home. Seller is providing a home warranty to cover plumbing, electrical, appliances and more for your first year.
Thursday, May 04, 2023
Acreage For SALE: 321 N Buckner Tarsney Rd, Buckner MO
Lot Size: 10 - Acres Year Blt: 1885 Floor Plan: 1.5 Stories, 2 Stories Style: Colonial, Traditional Garage: 2/Detached, Gar Door Opener
Lot Desc: Acreage, Level, Treed Elem: Buckner
Middle: Fire Prairie Sr High: Fort Osage
Been dreaming of "getting away" from the hustle and bustle.. yet still need to have some hustle every so often and get some bustle, This is the perfect 10 acre get-away. Fabulous farm-type house with maintenance free exterior. Lovely set up located just between Buckner Missouri (and 24 Hwy) and Grain Valley, MO (and I-70). Open Country Kitchen with lots of cabinets and lots of windows in the breakfast/hearth room area. Enclosed porch is amazing as well. Main floor bedroom off entry.
Directions:
I-70 to Grain Valley exit, north on Buckner Tarsney, about 3 miles north of exit, home has white picket fence on east side of road. OR>>> from 24 Hwy, in Buckner go south on Buckner Tarsney about 2 miles, home on left side of road.
Friday, April 21, 2023
Top Places to Visit in KC: The VOO
Living in Kansas City.. one of the top places to be seen!!! The Voo, now open, in the Muehelbach hotel. Proud of Allison Korn being a part of it's design, opening and managing the bar. You may catch her impromptu singing with the piano guy.
Saturday, April 08, 2023
For Sale: 35010 E AA Hwy, Oak Grove, Missouri ACREAGE OUTBUILDING 4 Car
35010 E M AA Highway, Oak Grove, MO 64075 | ||||
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Bed: | 3 | Full Bath: | 2 |
Total SF: | 2,100 |
Lsz: | 4.87 - Acres |
Garage: | 4/Attached, Built-In, Detached, Garage Faces Front |
Elem: | Stony Point | Middle: | Grain Valley South |
Sr High: | Grain Valley | District: | Grain Valley |
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LO: | Keller Williams Realty Partner | ||||||
LA: | Brad Korn | Agt Ph: | 816-224-5676 | ||||
Agt Email: | kornteamkc@gmail.com |
Saturday, April 01, 2023
FOR SALE: Lakefront: 113 N Winnebago Lake Winnebago, MO 64034
FOR SALE:
LAKE FRONT! OPEN HOUSE Saturday 4/1 & Sunday 4/2, 1-3pm: 3 Bedrooms. 4 full baths. Open main floor living area. Loft and 2 bedrooms up. Electric bills virtually GONE! $150 all last year with Solar panels! Recreational Lake - boating, skiing, watercraft & GREAT Fishing! Weekly fishing tournament. Boat ramp across street (list at HOA to get on for renting boat slip). Sits on the main channel of the lake, literally walk across front yard and street to fish off public docks. Spectacular views from main floor living areas. Sit on front deck that is partially- covered for entertaining, relaxing, enjoying the lake view and amazing sunsets.. Location, location, location. Great community and hard to get in for under one million in this lake and choice for many Eastern Jack & Cass lake residents. The gorgeous view of the main water of Lake Winnebago will take your breath away. Enjoy the sailboat races or sunsets. This is truly one of the best locations in the heart of Lake Winnebago with easy access to the highway. Amenities: Club House, Community Center, Play Area, Tennis Courts, Trails. Here is your opportunity to become a part of this great lake community! Year round vacation living is a reality. Welcoming, grand front Porch is partially- covered for entertaining, relaxing, enjoying the lake view and amazing sunsets. Enjoy fires in the off season in the stone fireplace in spacious great room. Enjoy fun community activities, playgrounds, walking trails and lake. Dine at the yacht club. St Patty's Day and 4th of July events are so much fun. Lee’s Summit Schools. The Community is a perfect place for all
Friday, December 23, 2022
8905 Oak Street, Kansas City, MO 64114 For Sale
8905 Oak Street, Kansas City, MO 64114 |
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Bed: | 3 | Full Bath: | 2 | Half Bth: | 1 | DOM: |
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Above Grade Fin: | 1,632 |
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Saturday, December 10, 2022
For Sale: Golf Living: 11626 E 85th Street, Raytown, MO 64138
11626 E 85th Street, Raytown, MO 64138 |
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| County: | Jackson |
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