THE INDEXKC- PARKVILLE PLATTE CITY RIVERSIDE MARKET UPDATE
Weekly KC Metro Market Update
The market shift getting you down?
Riverside Buyers caught the magic this week as two sales in a high end subdivision drove the entirety of homes sold, significantly raising the average sales value. This makes sense as higher end homes sales are experiencing price reductions first and fastest in our market. Make no mistake, waiting for the competitive spring market will brings the moans and wails on multiple offers back to the average buyer experience.
Parkville Sellers are seeing longer days on market, more price reductions and fewer new listings. Offers continue to close on schedule, making it easier for you (sellers) to find your next home!
Buyers and Sellers in both Parkville and Platte City, keep the following in mind. Preparing homes for market is coming back into vogue. Gone are the days (last summer) when every home had mutiple offers regardless of condition. As the number of homes coming back to market increases in both communities, consumers will write offers on those homes best prepared and most realistically priced.
FUN PLATTE CITY FACTS!
Zadock Martin and his sons built a dam on the Platte River, at the Falls of the Platte, in 1838. Nearby was the village of Martinsville settled a few years earlier and by 1837, it had a population of 200 persons. In 1838, the Martins built a grist mill at the fall. Paxton’s Annals records “in the spring of 1840, Martinsville moved “bodily” over into Platte City”.
The Platte County Court approved this site as the location of the County Seat on December 4, 1839, due to its central location and officially named the site Platte City. The development and first sale of lots began in early 1840. Improvements and construction were rapid; within a few months, there were six stores and 400 inhabitants. Many trades and professions were represented.
Platte City was incorporated as a city in September 1843. The first trustees were W.C. Remington, Phil Lutes, John S. Porter, John Edwards and W.E. Black.
A charter was obtained from the Legislature in 1845 for Platte City. Main Street was graded and sidewalks laid.
The first doctor to locate in Platte City was Dr. Fredrick Marshall.
Church services of the various and existing denominations were held in homes, log cabins, barns, etc., until late 1842. The first Court House was completed and opened for use in December 1842 and the upper floor was seated by subscriptions and all denominations held services there until building and/or organizing privately.
The first church was Methodist, 1848; followed by the Baptist, in 1850; the Christian, in 1855; and the Catholic, in 1870. The Presbyterian had organized in 1843 and shared the Methodist Church Building for services.
Colonel Morgan’s Union Squad burned Platte City in December 1861. Buildings destroyed included the Court House, which was relocated and rebuilt in 1867.
Two colleges were founded in Platte City. The Male Academy in 1851 and it was burned by federal orders in 1864. Professor Todd’s Academy for Girls was founded in 1857. It continued in operation until it closed in 1908. The Academy for Girls had, during its regime been known also, in order, as the Platte City Female Academy, Daughters College and Gaylord Institute.
The first public school building was erected in Platte City in 1868.
The first telephone was connected in 1883 – a connection with Weston. The local exchange was first established in 1897; the first electric lights installed in 1909; and the waterworks and sewage systems in the early 1930’s.
The first daily mail service was established in 1870 and statistics indicate that news from Washington D.C. was available within seven or eight days, compared with twenty days in 1843.
Platte City became a fourth Class City in 1882 and elected as its first Mayor John L. Carmack. The population was 411 in 1850; 670 in 1880; 706 in 1890 and 2940 in the 1990, 3866 in the 2000 census, and 4691 in the 2010 census. (https://plattecity.municipalcms.com)
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers! Click the button below and let’s get you the information you need to be successful!