In which neighborhoods in or around Kansas city (Mo or KS) are one family houses expected to go up in price

Asked by Meriana, San Francisco/ Kansas City Mon Jul 14, 2008

in the next few years? (due to development or other factors)

Help the community by answering this question:

+ web reference
Web reference:

Answers

8
Eric B., , Greenwood Village, CO
Thu Jul 24, 2008
It is interesting to hear local Realtors predict which neighborhoods will appreciate...I learn something every time. :) However, a Realtor can never make a promise that your home will increase in value. Of course you have your established suburbs like Leawood, Overland Park, etc. But, statistics show some incredible increases in home values in downtown & midtown KCMO neighborhoods such as West Side, Columbus Park, Pendleton Heights, Union Hill, Hyde Park, The Plaza, Brookside and others. Furthermore, your choice of location should depend on the style of home you prefer, convenience/quality of living, urban v. suburban, etc. I encourage everyone to explore urban KC as it is following the pattern of growth established by other moderate sized cities upon their urban revivals. As far as prices in and around the downtown core...you can spend anywhere from 100k to one million depending on size, location and finish desired. Remember, many will tell you that they know the perfect neighborhood for you, but I encourage you to decide for yourself. KC offers a variety of great neighborhoods....and a variety of great homes.
1 vote
David Van Noy…, Agent, Leawood, KS
Thu Jul 24, 2008
You may be drawn toward downtown right now, and depending on where you want to live you can definitely make a deal on a single family home that is likely to appreciate in that area if you like the 20-30k range. As far as the average family in KC, they typically spend about 240,000 and the area that has proven to be the best area for growth is Leawood Kansas THIS one is A GOOD IDEA >> http://www.davidvannoyjr.com/12000fairway

If you want to learn more about Leawood Kansas and school districts go to >>

http://www.davidvannoyjr.com/local-info.asp
Web Reference:  http://www.davidvannoyjr.com
1 vote
Maria Morton, Agent, Kansas City, MO
Sat Jul 19, 2008
They will all go up eventually. :) Properties on the Plaza have been increasing in value for around a hundred years. Leawood property values averaged a 43% increase between the years 2003-2007.
Prairie Village, Westwood, Fairway are all desirable neighborhoods; have been, are, most likely to continue to be.
There are some areas now that are depressed; home values have decreased 9-25% over the same time period (2003-2007). How fast will they turn around? How much work will the property need? What are some other factors to consider in each neighborhood? We don't have space for all that here.
Gardner, KS and Belton and the old Richards-Gebaur Air Base are sites for Burlington Northern Railway building/increasing transports; speculators have already bought up most of the raw land in those areas but there are still single family homes selling every day in those areas. BNI has a 20-year plan that started about a year ago.
There are some old neighborhoods in KCMO with what were once beautiful homes that have been neglected since the riots. Some day those houses will be very nice; after a lot of materials and labor. Maybe like Hyde Park , Valentine 30 years ago.
There's some new home construction out by Legends, on the Kansas side, lot of people like living out there.
Some of the condos downtown might be good for an out-of-town investor. Easy access to property management and maintenance included in dues/fees. The old Federal Reserve was converted into condos; people who never intend to occupy at all bought strictly for investment purposes.
We have many possibilities here.
However, this is the midwest. We have never experienced the exagerated highs and lows of the coastal markets. Our up and down waves are gentler. If you can be satisfied with that, great.
Another option for you might be Hawaii. Condos in Waikiki are selling comparatively "cheap" right now. Hawaii, specifically O'ahu, is a global market. I've a good friend in real estate there who would be able to help you with your ROI figures.
Contact me if you'd like more info on either locale.
1 vote
The Sherri O…, Agent, Blue Springs, MO
Mon Jul 14, 2008
There are several areas on either side of the state line that are stable markets. I would ask what you
would like to be close to and offer areas based on where you prefer to live.
1 vote
David Van Noy…, Agent, Leawood, KS
Fri Aug 15, 2008
I apologize for not paying better attention to your question in the beginning, but you are concerned about the market outlook as a whole is what is sounds like. I am curious first and foremost seeing that you are from San Francisco I am wondering if you are an investor as well. So, the mid-west market here in Kansas City Metro did not take near the hit that many other metropolitan areas did. We can expect our market also to completely recover by the middle of 2009 based on economic indicators. For more information about the area dont hesitate to email me directly or visit my website that is loaded with content. Hope this is a little more helpful.....

David Van Noy Jr
davidv@prukc.com
Web Reference:  http://www.davidvannoyjr.com
0 votes
Justin Ukaoma, , Kansas City, MO
Wed Aug 13, 2008
A massive renovation of the Bannister Mall in South Kansas City, MO is in its beginning stages. The Wizards soccer team is building a stadium there and bringing a multitude of new retail space. Homes in the area will surely significantly increase due to this renovation. I would look at neighborhoods such as Hillcrest Heights, and Fairlane.
0 votes
Mary Richards, , 64155
Thu Jul 24, 2008
As Sherri mentioned in her answer, determine what you want to be close to such as the office, etc and your Realtor can recommend neighborhoods that are appreciating in the areas you want. There are neighborhoods all over the city that are still appreciating. The appreciation may not be at as high a level as the past years, but our real estate markets are expected to improve. Now is an ideal time to take advantage of the adjusted pricing due to the slower markets. North of the River in the Kansas City Metro is a good area to consider as well. We have a lot of development and redevelopment happening. There are many options for good neighborhoods no matter the price range or style of home you are considering. There is a lot of land in the Kansas City North limits still available for development. The Northland has easy access to the airport and majors highways. There is a trail system that is continually growing. I'd be happy to send you information on any areas you are interested in.
0 votes
Dan Denzine, , Kansas City, MO
Wed Jul 16, 2008
Your real estate professional that you are working with should also be able to pull MLS historical data for you on the trends for home values. A great link that was published by the KC star had some useful info as well: http://www.kansascity.com/static/media/KCHomePrices_Flash/ .....but because of some many changes you should narrow your market & then conduct the finite research.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more