Kansas City Real Estate Market Report - Single Family Homes Sold Over The Last 10 Years In Zip Codes 64113, 64114, 64131

Median Price of Homes Sold in Zip Code 64113 over the last 10 years. Zip Code 64113 can be generally thought of as the Brookside area of Kansas City.

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Subdivisions in zip code 64113 include Sunset Hill, Suncrest, Hampstead Gardens, Country Club Ridge, Morningside Park, Meyer Circle, Greenway Fields, Stratford Gardens, Romenelli Gardens, Armour Fields, Country Club Heights, Country Club Ridge, Romanelli West, Randall & Wheelock, Bowling Green, Wornall Manor, Rockhill Heights, Meadow Park, Brookside Park, South Country Side, Armour Fields, Hinkle Place, Kingston, Cockin's Addition, and Wing and Steen's Place Annex.

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THE CHART BELOW DEPICTS THE MEDIAN PRICE OF HOMES SOLD IN ZIP CODE 64114 OVER THE LAST 10 YEARS.

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Subdivisions in zip code 64114 include Foxcroft, Westmoreland Place, Bales Farm, Verona Hills, Ward Park, Romanelli Gardens, Glen Arbor Estates, Westmoreland Heights, Romanelli Gardens, Waldo Manor Annex, Adare Manor, Bridlespur, Meadow Lake, Ward Parkway Estates, Lea Manor, Waldo Gardens, Red Bridge Gardens, Foxcroft East, Cresthill Acres, Sunset Terrace, Nigros Addition, Hillendale, Red Bridge, Lowe Heights, Bridlespur, Waldo Park, Patt's Fifth Addition, Nel Aro, Country Lane Estates, Nigros Add, Westmoreland, Glen Arbor Estates, Regina Heights, Bond Heights, Prairie Point Place, Broadland, Meadow Lane Gardens, Chowning View, Red Bridge Hills, City heights, Moore's Southland, Belleview Park Addition, Ward Parkway Estates, Thomas Homesteads, Leeview, Armour Heights Annex, Country Lane Estates, Lea Woods Manor, Wells Bros Add, Indian Village, Western Hills, Price Add, Boone Manor Annex, Oakdell, Friendly Homes Add, Turner Heights, Home Gardens, Cresthill Acres, Pine Crest, Colonial Heights, Buckner's 1st Addition, Ivanhoe Heights, Broadland Park.

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THE CHART BELOW DEPICTS THE MEDIAN PRICE OF HOMES SOLD IN ZIP CODE 64131 OVER THE LAST 10 YEARS:

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Take a look at the 64131 Zip Code Area Map marked with the red pin in the middle. This is a good example of how zip codes do not give a true picture of an area. When evaluating a home in this zip code, it is especially important to break it down into smaller neighborhood areas and subdivisions.

Armour Hills Gardens, Rockhill Gardens, and Oak Meyer Gardens have homes selling in the $200,000's - 300,000's.See chart below:

Homes in some of the other subdivisions are selling for less than $20,000.

Take a look at the chart to the right which depicts homes sold over the last 10 years in Blenheim, Honeysuckle, Swope Park Campus.

Do you see how value depressed those neighborhoods are?

These homes are not comparable to the ones in Armour Hills Gardens, Rockhill Gardens or Oak Meyer Gardens.

Areas like these are the ones where people in other states buy a house online without ever seeing the property in real life (IRL). They call me after they buy it and want to know if I can sell it for $120,000. LOL

They tell me all about the pictures they saw online and how the guy that sold it to them assured them they could buy it for $40,000 and triple their money overnight. The only one who tripled their money was the guy who bought it for $12,000 and sold it for $40,000.

Know this: if you pay less than $40,000 for a house in Kansas City, it's going to need some work and it's going probably going to be in a depressed area.

Now, a landlord can get a very good return on their investment in some of these areas but it's doubtful that the renters you attract will be doctors and lawyers.

But I digress. You can buy a nice home for a good price today. Home prices are low; you're getting the discount.

If you bought at the top of the market, you may take less than you'd like but you will get your next home at a discount too.We can look at those numbers before we list your home for sale.

Buyers who could not normally buy the house they wanted in a neighborhood are often able to find one that they can afford. Just 10 or 20,000 dollars can make that difference.

Interest rates are running around 4%. FOUR percent! Some of you may remember interest rates in the 1080's being around 15-18%.

How low will interest rates go? I don't know but there are fewer numbers below 4 than there are above 4. At some point, they're going to have to go back up, right?

Visit my website to look for a home to buy in Brookside or Waldo. Call me if you have any questions about the selling or buying process or when you're ready to look IRL.

Market Update for Brookside Feb. 2012 .

♪♫ Kansas City Real Estate Blog by Maria Morton ♪. ♫ 816.560.3758

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Kansas City Real Estate Market Report 2010 May compared to 2011 May

*Information obtained from Heartland MLS is deemed reliable but not guaranteed.

*This is an eclectic blog combining a little business with pleasure; please consult a licensed professional before making life altering decisions. Maria Morton, Realtor©, ABR, SRES, WHS, is a Kansas City Real Estate Agent licensed in MO & KS and affiliated with Prudential Kansas City Realty 816.410.5499.o Maria Morton Copyright © 2011 *Kansas City Real Estate Market Report - Single Family Homes Sold Over the Last 10 years in Zip Codes 64113, 64114, 64131*