Wednesday, October 16, 2013

Area home prices rise as supply continues to drop

Seattle Real Estate and Home Pipe

Area home prices rise as supply continues to drop

A drop in the supply of single-family homes translated to higher home prices in the Kansas City last month, according to the Kansas City Regional Association of Realtors.
In September, the average sale price of new and existing homes in Jackson, Johnson, Clay, Platte, Wyandotte, Miami, Leavenworth, Cass and Ray counties was $183,559, a KCRAR report said. That's a jump of about 8 percent, compared with August 2012, when homes sold for an average of $170,172.
The higher prices didn't discourage buyers.…

Phoenix luxury home listings rise as sales fall

The number of high-end homes on the metro Phoenix market grew last month for the first time since April while sales took a slight dip, according to a new report released this week by Michael Orr and Walt Danley.
There were 1,935 luxury homes for sale in the Valley on Oct. 1 on the Arizona Regional Multiple Listing Service, up 9 percent from Sept. 1 and 15 percent year-over-year. It was still down, however, by about 14.6 percent from April 1, when there were 2,267 active luxury listings.
Even despite…

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