Monthly Archives: December 2010

10 Days of Real Estate Predictions Day 8

Smaller homes stay the course in DAY 8’s prediction as posted in Rismedia. The average size of a new home decreased for the first time in decades from 2008 to 2009, and that trend is believed to continue into 2011. “This trend is fueled by first-time buyers with smaller budgets, requiring smaller homes,” said Brian Brunhofer of Meritus Homes. “New buyers will have to be more conservative with their mortgages and will need to pay a higher percentage for a down payment, which means they’ll need a home with a smaller price,” he said. “People won’t be buying more than they need. So to meet their needs, we’ll see builders continue to trim the size of their homes and look for new ways to make square footage work harder.” Economic guru’s have stated this fact for several years now. With Baby Boomers officially turning 65, a very large part of our population will be more concerned with lifestyle than house cleaning. Finally builders are starting to take note.

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10 Days of Real Estate Predictions Day 7

DAY 7 of the the 10 Real Estate Predictions for the New Year, as published by Rismedia: High-tech takes over: Running your home entertainment system, appliances and lighting from a centralized control panel is old news. Going forward, we’ll see more homeowners want a smart phone app that can control their residence remotely, noted Brian Goldberg, a partner in LG Development Group. “Each year, the demand increases for home technology that makes homeowners’ lives easier,” he said. “We’ll get to a point, and some of our clients are almost there, where homeowners can leave work and by activating an app on their phone have all of their home electronics queued up when they walk in the door – the oven is preheated, lights come on and a TV show turns on when motion sensors recognize they’ve walked into the room. It may sound like a movie, but some of this technology we can build into homes now.” Technology sells houses. Get rid of the wires if you can – and the bulky old 1990s TV. I know it’s your stuff and you will take it with you, but Buyer’s like to envision new technology in their new home. I think it secretly validates their desire for a new TV, and sometimes convinces the spouse that the purchase is in the best interest of the new home.

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10 Days of Real Estate Predictions Day 6

DAY 6 of the the 10 Real Estate Predictions for the New Year, as published by Rismedia:   Upping the ante on amenities: In 2011, developers will continue to create new and exciting amenities to differentiate their properties and keep them relevant in the marketplace, said Tony Rossi, president of RMK Management Corp. “Renters are looking for something special, like an outdoor grilling area or special events like dance lessons,” he said. But it’s not just enhanced outdoor spaces in apartments that will matter in 2011. Benach thinks condo and townhome buyers will also place a higher importance on outdoor space in the coming year, especially those who live in an urban setting. “People may realize they don’t need to live with as much square footage inside their home, so to compensate they’ll want a place to call their own outside their home,” said Benach. It may be hard to think of outdoor grilling when it’s 20 degrees, but ‘patio rooms’ are an amenity buyers really like. Finished basements, media rooms, and other entertainment options that appeal to today’s buyer. Think HGTV – if you’ve seen it there, buyers are looking for it in today’s market!

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10 Days of Real Estate Predictions Day 5

I took yesterday off so here’s a recap. Rismedia published the10 Day of Real Estate Predictions for the New Year. Items #1-3 were: Building is back, Apartments continue to thrive, and Opting for established (neighborhoods). Today we will cover #4 which should have been discussed yesterday and #5. 4.) Make it modern: Chalk it up to “Mad Men” or simply a pendulum swing in taste, but either way transitional and warm-modern design will be prevalent in 2011, said Brian Goldberg, a partner in LG Development Group. “Our clients are looking for a cleaner approach to the style of their homes – more mid-century and less traditional with a warm and tailored aesthetic,” he said. Ray Hartshorne, principal of Hartshorne Plunkard Architecture, agrees. “From the single-family side, our clients are gravitating toward modern design instead of strictly traditional, that is simple, clean line exteriors and open floor plans that are comfortable for the family and versatile for entertaining,” he said. “In the multi-family sector, now more than ever, we are seeing an interest in contemporary-themed and luxurious interior design for lobbies and common areas.” 5.) Buying for the long term: The Census shows the average person moves about 11 times, but Jim Chittaro, president of Smykal Homes, predicts that number will slowly decrease. “Thankfully, the idea of a home as a short-term moneymaker is essentially gone, so when people do buy, they’ll do it with the intention of staying put for closer to 10 years rather than two to three,” he … Continue reading

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10 Days of Real Estate Predictions Day 3

It’s Christmas Eve and Day 3 of the 10 Day of Real Estate Predictions for the New Year, as published by Rismedia: Opting for established: The mega-communities in the exurbs are a thing of the past, said Brian Brunhofer of Meritus Homes. Instead, 2011 will see builders move toward smaller neighborhoods or pockets of homes in established communities. “Close-knit communities with respected homeowner associations, mature landscaping and neighbors waiting to greet you – that attractive quality of life is going to appeal to buyers much more in 2011.” Seconding the movement toward established communities is Jeff Benach of Lexington Homes. “Buyers are looking for a safer investment for their home purchase,” he said. “We won’t see them roll the dice like in the past on a fast-growing town in a far-out suburb. They want a proven area with access to retail development and employment corridors. They don’t want to wait for the surrounding area to be built. They want everything already in place,” he said. To all my friends, family and to you: have a safe and happy weekend and a joyous holiday season.

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10 Days of Real Estate Predictions Day 2

DAY 2 of the the 10 Real Estate Predictions for the New Year, as published by Rismedia: Apartments continue to thrive: If there has been one bright spot over the past few years in the real estate industry, it has been the rental market. “People have realized the many benefits of renting, from having more flexibility with your housing commitments to a higher level of finishes and amenities. And, this demand will continue to outpace supply,” said Steve Fifield, president of Fifield Cos. “Appraisal Research reports that Chicago’s Class A downtown apartments are at a nearly 95 percent occupancy rate, and those numbers will continue to stay very strong for 2011.”

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10 Days of Real Estate Predictions

With just 10 days left in 2010, I thought I’d share the 10 Real Estate Predictions for the New Year, as published by Rismedia. Each day will be a new prediction. Today is DAY 1, so here we go: Building is back: After three years of little to no new development, John Wozniak of Wheaton, Illinois-based J. Lawrence Homes said the builder is excited about 2011. “After a couple of very challenging years, the market for new-construction housing is showing signs of life. Slowly but surely, homes are selling and new properties are breaking ground, such as the two communities we opened this year in Lynwood and North Aurora,” he said. “We’ve had encouraging sales and I believe they point to an uptick for 2011.” Remember – if you are thinking of building this year, you need YOUR OWN Realtor looking out for YOUR best interests – not the builder’s. And you need a Realtor experienced in the building process. Contact Sandi Reed for the next HOME CONSTRUCTION seminar offered by Home Professionals Realty, Inc.

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LEE’S SUMMIT COMMUNITY ACTIVITIES FOR DECEMBER 9-16

Come enjoy this week’s events in Lee’s Summit Missouri – one of the Top 100 Cities in America!  The following list of events is compliments of www.lstourism.com Dec. 11 & 18, Santa & Me Saturdays, 10 a.m.–2 p.m. Paradise Park. Visit with Santa at Paradise Park for free. Bring a camera to take pictures and enjoy a “holly-day” of play. Don’t forget to visit Santa’s Studio and make your Christmas gift list. 816-246-5224 Dec. 11 & 18, Holiday Fun with Santa, 9 a.m.–noon. Powell Gardens. Enjoy breakfast with Santa (served until 10:30 a.m.), story time with Mrs. Claus, barrel train rides (weather permitting) and a take-home craft. 816-697-2600 Dec. 11, Missouri Town 1855 Christmas Celebration, 9 a.m.–7 p.m. Fleming Park. Travel back in time and visit with the residents of a mid 19th century community as they prepare for Christmas. Jackson County Parks and Recreation. 816-503-4860 Dec. 11, Lee’s Summit Symphony Holiday Magic Concert, 4–5:30 and 7:30–9 p.m. Lee’s Summit High School. Swing into the holidays with the Lee’s Summit Symphony! Swan Lake Ballet featuring dancers from Steppin’ Out, Do You Hear What I Hear featuring the Lee’s Summit Youth Chorale, Polar Express and other holiday favorites. For tickets click here or call 816-401-5251. Dec. 11 & 12, Gardens by Candlelight-A Luminary Walk, 5–7:30 p.m. Powell Gardens. The evening begins with live seasonal music in the Grand Hall. Guests then make their way along a candlelit path. 816-697-2600 Dec. 11, Singles Dance, 7:30 p.m. Center for God, Family and Country. Music from all eras to accommodate all … Continue reading

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LEE’S SUMMIT COMMUNITY ACTIVITIES FOR DECEMBER 1-5

Come enjoy this week’s events in Lee’s Summit Missouri – one of the Top 100 Cities in America! The following list of events is compliments of www.lstourism.com. ONGOING EVENTS April-Dec., Dinner Theater, Every Friday night. Dinner 7 p.m., Show 8 p.m. Center for God, Family and Country. This family event features a different Branson Type Show and meal. CCMA National Recording Artist Steven McCollum and Band performs music from all eras. RSVP for dinner at GodFamilyCountry.info or call 816-554-2224 Nov. 20–Dec. 31, Cityscapes Holiday Display, 9 a.m.–5 p.m. Powell Gardens. Get merry and bright with a trip to the conservatory which displays holiday themes from around the United States-the Southwest to the Midwest, and big cities to the countryside. 816-697-2600 Nov. 24-Dec. 31, Christmas in the Park, Sun–Thurs., 5:30–10 p.m., Fri. & Sat., 5:30–11 p.m. Longview Lake Campground. Three hundred thousand lights, 175 animated figures and splashes of Christmas color transform Longview Lake Park into an enchanting winter wonderland. Jackson County Parks and Recreation. 816-503-4800 Dec. 3 & 4, Craft Patch Craft Show, Fri. 11 a.m.–8 p.m., Sat. 10 a.m.–4 p.m. The Pavilion at John Knox Village. The show features more than 100 crafters from across the region. 816-509-8019 Dec. 4, Gingerbread Land, 10 a.m.– 4 p.m. Downtown Lee’s Summit, 317 SE Douglas St. Kids can enjoy arts & craft activities with a gingerbread theme, receive a coloring book & decorate their own Gingerbread cookie. Bring your camera for pictures with the Gingerbread Man. $5 admission donation requested. Downtown Lee’s … Continue reading

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LEE’S SUMMIT, MISSOURI OCTOBER HOME SALES STATISTICS

Here are the home sales statistics for Lee’s Summit Missouri for October 2010. Prices were up, but sales volume was almost flat. There is still an over abundance of homes on the market when compared to current demand. The fact that there are twice as many homes currently under contract as compared with units sold last month is a positive indicator that home sales are slowly improving in Lee’s Summit. 103 homes sold in October 2010, which was up from the previous month. A total of 100 units sold in September. The average October 2010 home sale price was $203,954, which was up from September 2010’s average price of $195,644. October 2010 homes sold for 96% of list price which was equal to September’s list to sold percentage. There are currently 1007 homes on the market, with 225 homes under contract; one home is up for auction. HOME SALES STATISTICS FOR LEE’S SUMMIT, ZIP CODE 64081 The 64081 zip code is a cross-section of the city which encompasses all three high school districts. The primary boundary line follows Hwy 350/50 from south of Bannister Road all the way through Lee’s Summit to Ranson Road, including Princeton Heights subdivision. This is an area where new construction is occurring. 25 homes sold in October 2010; two of these were new construction. This is up from the previous month when 13 units sold. The average October 2010 home sale price was $201,570, which was up from the previous month’s average price of $176,661. … Continue reading

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