KC Condo Tracker

Downtown Shows Improvements According to Star Report

March 23rd, 2010 7:14 AM by AJ Gentry

The Kansas City Star has given downtown a passing grade on it's work from 2005 to 2007. The report shows the condo resale prices being up 45% during this time period and many other positive gains. Read full report here.

What it doesn't show is the current market/environment. First quarter 2010 shows signs of a economic turnaround with 50 condominium sale occurring. However with 687 condos still on the market, it would take 3 years to clear out the current condo inventory, which leaves sellers in a pinch. Difficulty securing lending is high on the list of reasons for the backlog.

Posted in:General
Posted by AJ Gentry on March 23rd, 2010 7:14 AM



My Favorite Blogs:

Sites That Link to This Blog: