Sunday, February 14, 2016

Praire Village, KS - Real Estate Market Update - Jan 2016

City of Prairie Village, KS -  The Real Estate Skinny
Sales / Activity Numbers - November 2014 To Jan 2016

The simple numbers don't lie, this blog is for those that have balance sheet responsibility & / or takes the advice of a good butcher when it comes to their cuts of beef ... if you are thinking about a home upgrade and are in Prairie Village or a neighboring community, now can be a great time for a home upgrade!

1) Inventory in Prairie Village is LOW - Way Low - We have 2 months of inventory to sell and the equilibrium point is 6 months... Sellers Market.

2) On the flip side rates are still great - so buyers that are getting in now with easy rates under 4% on a 30 year fixed are going to be happy as rates creep up over the next year.





3) The KC market is foretasted, and specifically Prairie Village / Johnson County is poised for a 6% home appreciation in home value.  What does that mean exactly... if you buy a $250,000 house today a the good interest rates, one year from now it is due to appraise for $265,000 without you sinking in another dollar (but keeping it up).  Check out this interesting article for more information about the KC market forecast for 2016!

Have a look at the full report from Wichita State University - WSU:





WOW - Prairie Village, Cape Cod - 7184 BUENA VISTA STREET PRAIRIE VILLAGE, KS 66208

7184 Buena Vista St, Prairie Village, KS 66208

$300,000

The Bubb Cribb Team @ ReeceNichols - PV Experts!


KEY FEATURES
Year Built: 1948
Sq Footage: 1860 sqft.
Bedrooms: 3 Beds
Bathrooms: 2 Baths
Floors: 2
Parking: 1 Garage
Laundry: In Unit
Lot Size: 0.25 Acres
HOA/Maint: $25
Property Type: Single Family House

DESCRIPTION

Stunning 3 bedroom, 2 bath PV Cape Cod. 2nd floor Master Suite w/sitting area. Master bath with dual vanities & new tile shower. 2 bedroom on first floor with hardwoods. Huge first floor laundry with tons of storage. Expanded Kitchen/Dining room. Very close to school & shopping. Fresh paint, new stove, move in ready! Don't miss this Gem!

PROPERTY FEATURES

  • Living room
  • Dining room
  • Walk-in closet
  • Master bath
  • Family room
  • Storage space
  • Pantry
  • Basement
  • Attic
  • Sun room
  • Range / Oven
  • Refrigerator
  • Dishwasher
  • Microwave
  • Garbage disposal
  • Freezer
  • Balcony, Deck, or Patio
  • Fenced yard
  • Lawn
  • Porch
  • Heat: forced air
  • Central A/C
  • Air conditioning
  • Ceiling fans
  • Double pane / Storm windows
  • Cable-ready
  • High-speed internet
  • Wired
  • Hardwood floor
  • Tile floor
  • Fireplace
  • High / Vaulted ceiling
COMMUNITY FEATURES

  • Security system
  • Garage - Attached


Contact info:
Eric Bubb - ericbubb@reecenichols.com - 913.428.6052
Megan Bubb Cribb - meganb@reecenichols.com - 816.813.0132
Chris Cribb - chriscribb@reecenichols.com - 816.982.5990
The Bubb Cribb Team - ReeceNichols

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