THE INDEXKC- PARKVILLE PLATTE CITY RIVERSIDE MARKET UPDATE
Weekly KC Metro Market Update
Reviewing average list and sell values, Parkville showed a significant slip in value this past week, while Platte City and Riverside still deliver strong value. At the same time, Parkville shows both more homes listed and more homes sold during that same time period, compared to the two other major markets in Platte County.
Platte County buyers, turn to Parkville for the incredible value this beautiful city will bring you: sellers, keep in mind your Parkville homes are selling 4x faster than homes in the neighboring city of Riverside.
Parkvillemo.gov brings usthe following….
Parkville is a city in southern Platte County on the Missouri River. Parkville is known for its antique shops, art galleries, and historic downtown. The city is home to Park University and the National Golf Club which has two golf courses. The city is comprised of approximately 15.41 square miles and more than 6,900 residents (based on 2018 Census estimates) and borders Kansas City and Riverside, Missouri; Kansas City, Kansas; and unincorporated Platte County.
The beauty of limestone carved bluffs, wooded vistas and the Missouri River provide an enchanting backdrop for Parkville. In Parkville, connecting with the community is a way of life. From historic beginnings to a modern day culture of creativity and community pride, Parkville is one of the most innovative and exciting cities in the Midwest
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!