Category Archives: Kansas City Real Estate

I have to tell you,  the Kansas City Real Estate Market is Red hot.  Two years ago I was begging for people to listen to me.  Those that did have made some good money because 8 months ago I was still begging people and still getting people to listen.  But somewhere about 6 months ago the worm turned and started rolling down hill.  Example:

Raytown, Missouri.  I used to do searches for real estate investors for houses priced between $25,000 and $45,000 with 3 bedrooms and I’d come up with search results of about 20-22 homes.  Now?  I just did the search and there are 5.  That pattern is repeated all around the KC metro area.

For real estate investors it is a different game.  For home buyers you better be prepared to make offers quickly.  For home sellers, you now hold some of the cards again.

Yes. It’s a seller’s market in the Kansas City area right now.  But….

It’s funny right now.  Priced in the number two spot in your neighborhood and nearly turn-key for bell curve houses in the Overland Park and Olathe area you will most likely sell your house in 30 days or less.  But push the price and you will likely be staring at a 4-6 month sales process.

I keep talking about this because it is what I’m seeing for “regular” housing in Johnson County, KS.

Now investment property over in Jackson County, MO is popping off the MLS at record pacing.  Houses in “good” neighborhoods that can be purchased for $40,000 or less are red hot.  And if you are buying at 40 today you could have had at 30 18 months ago and at 35 6-8 months ago.  But alas, real estate markets expand and contract based on demand.  And right now investment property demand is high.

I was thinking today that I really haven’t been as diligent in my posting as I should be.  So many of you read this and email/call me because of this site and yet I’ve sluffed it off the last few months.  Why?

Business
Frankly, it’s crazy busy.  Real estate investors are piling back in to the pool.  Good thing?  Depends on your view.  The market is getting stronger but that means returns on investment are lower.  When figuring cash on cash assume about 1%-3% lower than just 6-8 months ago.  That’s significant. And then there are “Joe and Mary” home buyer and seller.  They are trading up.  Buying for the first time.  And all that causes a chain reaction.  Make no mistake, the “regular” home buyers and sellers are far more active and getting results in Johnson County, KS real estate transactions than in Jackson County, MO.  But it is happening all over the Kansas City metro area.

Personal
My mom passed away from cancer back on February 26, 2013. A note from the doctor I found in early December told me what I needed to find on Google to get the truth.  So basically I turned over both my photography and real estate businesses over to our excellent and well trained employees.  (Not only did  they maintain, but business actually grew in both!   Am I the problem?)  🙂  I worked as I could but my priority was my mom. I wouldn’t trade those last three months for anything.

I promise to be more diligent with your real estate news for Kansas City.   I look forward to writing again!

The Kansas City real estate market is strangely hot right now.  In several price pockets.  In the lower priced investment units, between $20,000 – $60,000, we are getting in to multiple offer situations every week.  I’m told by my brother realtors here in Olathe that “regular” real estate is flying off the shelves in several price points, including the bell curve homes ($160,000 – $225,000 here in JoCo) and $325,000 – $400,000 in Blue Valley specifically.

I suspect much of this is the annual “Spring bounce” that we all love.  Let’s see how the Dog Days of Summer go as the next big election draws nearer.