KC Market Value Analysis

[kboish]

http://kcmo.gov/planning/market-value-analysis/

The city commissioned this study to understand housing market conditions on a census track (or smaller) level.

It includes real sales values over a certain time period along with other variables (permitting activity, code violations, density, vacancy, renter v. owner, etc) to establish A-I rankings of the segments. It is supposed to be used to allow city leaders to understand what type of strategies and investments to use on a more granular level. It is, of course, somewhat obvious what the output of the analysis is, but having the real data needed to convince private partnerships to follow city money is important/necessary. Plus, the granularity of the information seems useful for identifying the borderline or island neighborhoods that are currently stable to use as an anchor from which to build on (especially important from a real estate perspective).

Also, I pulled a link over from a different topic that shows the redline map from the 1940s. Just as a reminder that these things don't just "happen". Policy matters.

https://dsl.richmond.edu/panorama/redli ... as-city-mo

[flyingember]

The idea is sound, the results not so much. It's not nearly granular enough.

A neighborhood with ab large number homes at $500k+ with actual mansions is a category C.
Meanwhile right next to it a neighborhood of $100-350k homes is ranked over it at category B.