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". 

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

LAKE FRONT in Lake Winnebago! Rare Find Ready to Move In for Summer

328 N Winnebago Drive, Lake Winnebago, MO 64034 L Price: $1,000,000
MLS#: 2486829 Status: Active Lake Front Property in Cove	County:Cass
Sub: Lake Winnebago Type: SINGLE CDOM: 564 Bed: 6 Full Bath: 3 Half Bth: 1 DOM: 4 Above Grade Fin: 4,596 Source: Public Records Total SF: 6,894

Living by the lake is a Summer Night Dream!! AND, Summer is here! The Lake Winnebago community is one of a kind! And NOW you have your opportunity to get in! This waterfront residence nestled in tranquil cove w/ deep waters epitomizes the essence of lakeside living. Mesmerizing sunsets from amazing expanded outdoor Yacht Club, Restaurant, Bar & Marina like setting. Main level primary suite walks out to cove lake view. Lodge like Family Room on the main floor and walks out to sunroom with panoramic lake views, skylights, fan and walks out to deck. Spacious great room. Throughout the main living area, exquisite Brazilian wood floors adorn the space, enhancing its allure. The home boasts granite counter tops, stainless steel fridge with a cozy breakfast nook, alongside a dining area, hearth room. Accommodations include three bedrooms on the Main Floor with Bonus Craft, toddler, office/den room with access from the Master or hallway.. Mud room conveniently located laundry facilities on main floor between kitchen and garage with HUGE pantry. @ 1/2 baths on the main floor. The MAN/WOMAN/ANYONE Party CAVE Walkout basement, where a second full kitchen, two more bedrooms, a full bath, and a sizable rec room with a fireplace and pool table await, providing an ideal setting for gatherings regardless of the season. Ample storage ensures organizational ease, while exterior maintenance is simplified with stucco front giving this home an updated, modern look with vinyl soffits and fascia, and an integrated sprinkler system. A three-car garage - YES!!! 3 Car garage on a Lake Front property!!! RARE! offers oversized driveway and parking convenience most lake communities don't offer. High end, fast acting GE whole house generator ensures uninterrupted power supply. Outside, a two-level deck and patio, Covered patio all create an enchanting year-round retreat, complemented by a double-decker boat dock w/ composite decking & a boat lift, completing this exceptional lakeside haven.

Private Remarks - Showing Agt Info:   Directions: BONUS ... VA Assumable Loan!!! Could be a possibility for you getting half of the mortgage on an incredible interest rate. Holidays are celebrated with parades and other activities. There are social clubs and several hobby clubs available. And don't forget walking trails and a park with tennis and pickleball courts, playground for the kids, restrooms and picnic tables. It's time for you to live your best life - at Lake Winnebago! DIRECTIONS: 291 Hwy, South of 150 Hwy to Lake Winnebago entrance. Follow street toward the Yacht Club. 2 streets past the park, turn right on Winnebago Drive (just before you go over the small Dam) to property. *** BE SURE to only drive 25 miles per hour! Our police force is amazing and always patrolling the neighborhood. ALSO.. *** big bump turning on to Winnebago to the property. Go Slow. Enjoy the calming, peaceful neighborhood drive. It is awesome when you live here.