Coleman Highlands is already seeing a 50% increase so far this year in activity and sales than in all of 2019. The following are some of the reasons. Everyone realizes that the pandemic shut down the country earlier this year, causing a significant decline in economic activity. The real estate market, however, is in a totally different position than it was in the last recession, a decade ago. But there are distinct differences that indicate the housing market may follow a much different path. While housing led the recession in 2008-2009, this time it may be poised to bring us out of it.

Four of the major differences in today’s real estate market are:

1) Families have large sums of equity in their homes
2) We have a shortage of housing inventory, not an overabundance
3) Irresponsible lending no longer exists
4) Home price appreciation is not out of control

We must also realize that a recession does not mean a housing crash will follow. In three of the four previous recessions prior to 2008, home values increased. In the other one, home prices depreciated by only 1.9%. Unlike 2008, this time the housing industry is in much better shape to weather the storm. Coleman Highlands is a perfect example… In 2019 we saw nine homes sell for the entire year; so far in 2020, four homes have already sold and three more are under contract as of June 10th.

Source: www.keepingcurrentmatters.com

(submitted by Cathie Chesen)

In June of 1996, our City Council voted unanimously to designate Coleman Highlands as a Historic District. (KCMO Ord. 960559). Not only did this recognize the unique history and make-up of our neighborhood, with that honor it brought a layer of protection that would ensure this charm remains for generations to come.

The Kansas City Historic Preservation Office (HPO) and the Historic Preservation Commission (HPC) oversee designated Historic Districts like ours through a design review of alterations that are visible from public right of way. This encourages quality design and ensures changes are complimentary with the character of Coleman Highlands. Review is required for all properties in Coleman Highlands Historic District. Does this sound complicated? HPO staff is available for questions about exterior changes on your home. They will advise on design review requirements, applications for Certificate of Appropriateness, and Commission hearings. Applications for Certificate of Appropriateness are submitted through CompassKC. Fees start at $26 for an administrative approval.

While some have complained about the extra steps needed for refreshing our homes, incentives for this protection are easy to see. Take a walk down any Coleman Highlands street to see history in place, architectural integrity a century old, and hundreds of reasons we love where we live. A ten-minute stroll will remind you why we take this inexpensive and measured approach to preserving our neighborhood.

To contact the Historic Preservation Office, call (816) 513-2902 or email . You can read more about the various ordinances applicable to Coleman Highlands here.

(submitted by Stacey Kenyon)

by Cathie Chesen There are many exciting real estate trends occurring right now. 2015 has been ear-marked as potentially being the best year in real estate since the market crashed. The Millennials have entered the home market and make up approximately 50% of buyers. They have high-paying jobs and they want homes in the city […]

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by Brian McMillan As many of you are aware, the Coleman Highlands subdivision is classified as a Historic District. This classification was obtained by the neighborhood in 1996. The purpose of a Historic District classification is to preserve the visual, architectural and structural integrity of our neighborhood. The reason Coleman Highlands has the ambiance that […]

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Great news has come to our real estate market in the 64111 zip code! We have seen an 8.9% increase in the average sales price over the last year. Also, the National Association of Realtors said that the last quarter of 2013 showed the strongest year overall in the last 7 years. In addition, the […]

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