Sunset Hill in Kansas City – Luxury Home – Market Trends Over 2 Years - Part 2
In real estate, it’s always about the trends when we look at Kansas City real estate market reports. When you want to determine how much to sell your home for today, or if you should wait, you need to know what has happened in the market. If you are thinking of buying a home, in order to decide if you should buy not only a particular house, but in a certain subdivision you need historical data.
I’ve researched the Sunset Hill real estate market trends and found that over the last 3 Octobers – 2010, 2011 and 2012, the number of houses put on the market has dropped dramatically. In October 2010 there were 35 homes for sale, then in October 2011 30 homes and October 2012 19 homes were on the market. There are simply fewer homeowners deciding to sell their homes in Sunset Hill in Kansas City.
Active Sales price and average Sold price have remained basically constant from 2010-2012. In Part 3 of my series of Sunset Hill Market Reports, I will report on actual homes that have sold, their prices and the trends. Part 1 was about homes on the market for sale today. All of this is specific market data that can be useful in pricing a home for sale, or determining what to offer.
As usual, please contact me for specific market reports representing any specific data that you'd like to have to evaluate. Otherwise, you can request to receive a regular monthly "Sunset Hill MyNeighborhood Report" to keep track of what's on the market for sale, and what has sold.