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Real Estate Market Activity, November

18 Wednesday Dec 2013

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Real Estate Market Activity, November

Last month, we had some negative news to go along with some positive. To start off, you’ll see that sales went down throughout the entire region, though Clay County fared better than others. So, we are seeing a bit of a holiday slowdown. The positive news is that sales prices continue to climb while inventory has remained low. This has kept Clay County’s absorption rate at 5.38 months—giving the advantage to sellers. So, if you’re looking to list and sell quickly, I would take some time, enjoy the holidays, and start talking to a REALTOR in early January, before we see an influx of homes coming on the market for spring.

Clay/Ray Counties
Clay/Ray County sales were down for the month by 17.1% from 2012. Units were at 214 versus 258 last year. Year to date, unit sales are up 5.9%, with 3,901 units this year versus 3,685 last year.
The average sales price for the month was up 13.9% from last year, with an average price of $162,850. Year to date, the average price is up 9.2%. The average price is $159,452, versus $146,009 last year.
New listings were down 38 units to 336 or 10.2% from last year’s 374 units. Inventory is down 3.3% from last year and is running at 1,802 units. Inventory is down 62 units from last month.

Platte County
Platte County sales were down for the month by 40.3% from 2012. Units were at 74 versus 124 last year. Year to date, unit sales are up 3.2%, with 1,666 units this year versus 1,614 last year.
The average sales price for the month was up 13.5% from last year, with an average price of $213,078. Year to date, the average price is up 6.6% from last year. The average price is $203,655 versus $191,094 last year.
New listings in Platte County were up 7 units to 160 or 4.6% from the 153 units last year. Inventory decreased 2.6% from last year and is running at 798 units. Inventory is down 38 units from last month.

Heartland
Sales for the entire Heartland area were at 1,828, down for the month by 8.9%, or 179 units. The average price was up 9.1%, and averaging $187,830. Year to date, sales were up 7.4% or 2,051 units for a total of 29,761 for 2013. The average price for the year is running at $183,013, up 9.3% from 2012’s average of $167,475.

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July 2013 Kansas City Real Estate Market Activity

16 Friday Aug 2013

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July 2013 Kansas City Real Estate Market Activity

For my office, July was our busiest month so far this year. Overall sales were down, but sales price stayed on the rise and inventory has increased. (We’re really bringing in some great listings for our fall buyers.)

Clay/Ray Counties
Clay/Ray County sales were down for the month by 5.9% from 2012. Units were at 338 versus 359 last year. Year to date, unit sales are up 3.5%, with 2,627 units this year versus 2,538 last year.
The average sales price for the month was up 7.8% from last year, with an average price of $162,987. Year to date, the average price is up 8.8%. The average price is $156,768, versus $144,126 last year.
New listings were up 78 units to 6121 or 14.6% from last year’s 533 units. Inventory is down 4.0% from last year and is running at 2,006 units. Inventory is up 12 units from last month.

Platte County
Platte County sales were down for the month by 3.8% from 2012. Units were at 154 versus 160 last year. Year to date, unit sales are up 7.1%, with 1,156 units this year versus 1,079 last year.
The average sales price for the month was up 20.3% from last year, with an average price of $208,297. Year to date, the average price is up 7.8% from last year. The average price is $201,717 versus $187,105 last year.
New listings in Platte County were up 22 units to 256 or 9.4% from the 234 units last year. Inventory decreased 9.0% from last year and is running at 880 units. Inventory is down 15 units from last month.

Heartland
Sales for the entire Heartland area were at 2,472, down for the month by 6.4%, or 170 units. The average price was up 14.6%, and averaging $197,335. Year to date, sales were up 7.0% or 1,304 units for a total of 19,866 for 2013. The average price for the year is running at $180,730, up 9.4% from 2012’s average of $165,242.

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KC Real Estate Market Activity

19 Wednesday Jun 2013

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KC Real Estate Market Activity

We’ve been seeing a few more listings coming on the market, which is a great thing for those buyers that haven’t been able to find ‘the one’. They’ll have a little more to choose from if they leap quickly. I’d also like to point out, from the chart, the steady increase in prices. Not all appraisals are catching up with what a buyer is willing to pay, but it is starting to get better. Overall, the market is strong in the Northland.

Clay/Ray Counties
Clay/Ray County sales were down for the month by 8.9% from 2012. Units were at 357 versus 392 last year. Year to date, unit sales are down 1.8%, with 1,770 units this year versus 1,802 last year. The average sales price for the month was up 4.1% from last year, with an average price of $164,584. Year to date, the average price is up 5.6%. The average price is $150,777, versus $142,828 last year. New listings were up 39 units to 631 or 6.6% from last year’s 592 units. Inventory is down 7.1% from last year and is running at 1,987 units. Inventory is up 45 units from last month.

Platte County
Platte County sales were up for the month by 3.1% from 2012. Units were at 163 versus 158 last year. Year to date, unit sales are up 8.1%, with 788 units this year versus 729 last year. The average sales price for the month was down 4.0% from last year, with an average price of $200,825. Year to date, the average price is up 2.5% from last year. The average price is $191,938 versus $187,353 last year. New listings in Platte County were up 43 units to 284 or 17.8% from the 241 units last year. Inventory decreased 12.0% from last year and is running at 870 units. Inventory is up 31 units from last month.

Heartland
Sales for the entire Heartland area were at 2,688, down for the month by 7.6%, or 221 units. The average price was up 11.8%, and averaging $191,008. Year to date, sales were up 3.9% or 514 units for a total of 13,627 for 2013. The average price for the year is running at $171,784, up 8.3% from 2012’s average of $158,547.

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