Area Sales by Zip Code

There was an article in the Star last weekend about 2007 area home sale prices measured by zip code. Check out this cool map which accompanies it. The article paints a very bleak picture of our real estate activity. But, looking closer, you can see that while some areas are very hard-hit, there are areas are actually doing very well. The area where I live and work – Brookside and Plaza’s prices are up, and actually the whole State Line corridor faired well – most prices were up. Glancing at the map, it looks to me like the areas that had large declines were eastern and southern Kansas City, Independence, areas of Wyandotte County, and areas up north. Resale did better than new home construction which is badly suffering in all areas. While real estate is receiving bad press nationally and locally, it remains a good long-term investment. Just make sure you buy smart, and  know what kind of loan you are getting yourself into. Overall it might be another slow year for KC as a whole – but you really have to narrow it down to specific areas and neighborhoods to really get the best information.