The Kristin Malfer & Associates team braved the heat this week and held a tour of three upscale homes, including two at the Links At Lionsgate, a popular Overland Park golf course community that winds around the Nicklaus Golf Club south of 137th between Nall and Lamar. Most of the homes in the Links were built in the last 10 years. A quick look at what’s currently on the market shows about 15 properties for sale ranging from just over $2 million to $580,000. Above, broker George Burns with Reece & Nichols stops by the Malfer listing at 13724 Horton Drive with agent Krista Wilson. This $2.45 million home features a putting green, pool, indoor basketball court and a spectacular golf view.
Pending home sales ease in post-home-buyer tax credit months
Pending home sales edged down with near-term sales expected to be notably lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, according to a National Association of Realtors this month. The Pending Homes Sales Index, a forward-looking indicator, declined 2.6 percent to 75.7 based on contracts signed in June from an upwardly revised level of 77.7 in May, and is 18.6 percent below June 2009 when it was 93.0. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
“There could be a couple of additional months of slow home-sales activity before picking up later in the year, provided the job market continues to improve,” NAR chief economist Lawrence Yun said. “Over the short term, inventory will look high relative to home sales. However, since home prices have come down to fundamentally justifiable levels, there isn’t likely to be any meaningful change to national home values. Some local markets continue to show strengthening prices.” Yun expects mortgage interest rates to remain historically low for the balance of the year, with very modest growth in employment. “We really need to see stronger job creation to have a meaningful recovery in the housing markets.” In the Midwest the index fell 9.5 percent to 64.1 and is 27.8 percent lower than a year ago.
- Parking: In-door garage and covered outdoor parking are available.
- Tax Abatement: Loft owners will not pay property taxes on the increased value of their units due to redevelopment for 10 years and will only pay 50 percent of the property tax for the following five years.
- Roof top deck for everyone’s enjoyment with spectacular views of the downtown skyline
- High quality custom finish outs
- 5 percent down financing available
- Fitness Center and Outdoor Living Space: Lofts Available with outdoor living space – either a terrace or enclosed cedar deck space.
- Professionally managed with HOA fees of 26¢ per square foot per month.
- 12 to 18-foot ceiling heights
- Building and loft security systems
- High style kitchens with stainless appliances
For more information, call Claudia Scanlon at 816-835-0633 or send an e-mail to salesinfo@TheLibertyKC.com