THE INDEXKC- PAOLA LOUISBURG SPRING HILL KANSAS MARKET UPDATE
Weekly KC Metro Market Update
Miami County real estate holds it’s value exceptionally well; look below at the stable listing numbers as well as the low percentage of homes coming back to market or reducing List Values.
Were I a Miami County Buyer/Seller, I’d focus on the 56 days (and climbing) Days on Market number for Paola. I believe that rising fuel prices dilute the interest in Paola as a bedroom community supporting Overland Park and Olathe, some 30 minutes to the North. Even the most beautiful, scenic community becomes a little less colorful when the cost of the two-way daily drive has doubled in a few months!
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!
We trust Wikipedia with the local facts and flavor.
The location of Miami County, a short drive south of Kansas City, allows it to offer residents and visitors aspects of both city and rural lifestyles. Miami County and its cities, Paola, Louisburg, Spring Hill, Osawatomie, and Fontana offer a variety of activities and hobbies. Among them are golf, hiking, camping, fishing, hunting, horseback riding, water sports, astronomy and a variety of community festivals and events that take place throughout the year. There are also historical places and museums to study its history. During the summer, each community offers a farmer’s market with booths offering locally grown food and goods.
Paola is the largest city in Miami County and is the county seat. Paola offers residents and visitors several choices for shopping, entertainment and recreation. Annually, Paola hosts the Miami County Fair in July, the Roots Festival in August and the Harvest Festival in October. There is also a Christmas tree lighting ceremony, arrival of Santa, and carriage rides throughout the historic streets shortly after Thanksgiving. Also available is water recreation and camping at Lake Miola, a contemporary Aquatic Center in Wallace Park, the Swan River Museum, and the Miami County Historical and Genealogical Society, and a variety of events held at the Paola Community Center.
Recreation in Louisburg includes several options. The Middle Creek State Fishing Lake is nearby for fishing, and the Louisburg City Lake has a 1.5-mile (2.4 km) paved pathway around it for individuals to walk or jog. Additionally, Louisburg has the Louisburg Aquatic Center for swimming, a 9-hole public golf course, a city park, and the Lewis-Young Park, which has softball, baseball, and soccer fields that are used day and night.
Also located at Lewis-Young Park is the Powell Observatory, which was built in 1984 by members of the Astronomical Society of Kansas City. The observatory’s telescopes include one of the largest in the region, which is also one of the few in the nation of its size that is made available for public viewing. The observatory regularly schedules viewings available to the public, and also provides shows that are intended to educate individuals about astronomy.
In 1856, James B. Hovey named the community after a town near Mobile, Alabama. “Being somewhat enthusiastic in my estimation of its future, it having all advantages of timber and water, and on a line that must be traveled between Olathe and Paola, I concluded to myself, as there was no one else to conclude with, that this was a good place for a town.” – J.B. Hovey, 1857  Hovey served as the communities first postmaster. Also that year, Hovey built the first building in town, the Spring Hill Hotel. The two-story structure, also known as the “Old Traveler’s Rest” was located on the highest elevation in town.Today, many community events occur annually in Spring Hill, and include The King of the Hill Barbeque, the Spring Hill Fall Festival, and Hometown Holidays. Also located in Spring Hill is a golf course, Sycamore Ridge, where several of Spring Hill’s community organizations and businesses hold golf tournaments.