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THE INDEXKC- KANSAS CITY KS BONNER SPRINGS EDWARDSVILLE MARKET UPDATE

THE INDEXKC- KANSAS CITY KS BONNER SPRINGS EDWARDSVILLE MARKET UPDATE

Weekly KC Metro Market Update

When you look at the average sales values, it’s tough to believe three cities with such disparate average sales values exist in the same county.

Buyers, Edwardsville homes are moving quickly and for several good reasons; great schools, awesome access to shopping, restaurants, sports facilties and close proximity to the airport with a small town feel.

Sellers, marketing is done on a “micro market” level; keep in mund the marketing strategy you’d use in a Bonner Springs home isn’t likely to be successful in the Kansas City, Kansas market. List values, days on market, number of price reductions and pending sales clearly demonstrate the need for a different approach.

Bonner Springs is a city in WyandotteLeavenworth, and Johnson counties, Kansas, United States.[1] It is part of the Kansas City Metropolitan Area.[1] As of the 2020 census, the population of the city was 7,837.[3] Bonner Springs was incorporated as a city on November 10, 1898.[4]: 321  Bonner Springs is home to the Azura Amphitheater (commonly known as the Sandstone Amphitheater), the National Agricultural Center and Hall of Fame, Wyandotte County Historical Museum, and the annual Kansas City Renaissance Festival. (wikipedia)

Check out the number of price reductions and the watch the days on market continue to extend as the market shifts….The shift is driven by several factors; rising mortgage interest rates, falling numbers of new build permits, buyer pool exhaustion/contraction….and the wild card, inflation.

If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!

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