Checking The Pulse Of The Kansas City Real Estate Market

Brookhighland Real Estate Market Stats
Brookhighland Is A Subdivision In Overland Park KS

Looking over the Brookhighland market statistics dating back a year to September 2009, 12 homes were put on the market and 9 homes were sold over the same year period. The average sales price in Brookhighland was $517,083 and the subdivision saw sale prices ranging from $393,000 to $610,000.

Comparing the 2 Active listings in Brookhighland to the 12-month sales rate in the community, there’s 2.7 months of inventory currently on the market. This is excellent in both the price range and in our current real estate market. The average current list price of $570,000 is quite a bit higher than the average sales price the past year in the community, but it’s a small amount of inventory to consider at this time as well. Brookhighland is a popular Overland Park Kansas subdivision and located near parks, shopping and dining amenities and near access to 69 Highway in Overland Park.

Brookhighland In Overland Park Kansas

Brookhighland In Overland Park Kansas

Brookhighland is located in southern Overland Park Kansas and is served by the Blue Valley School Distrct. There’s approximately 88 homes in Brookhighland and many of the homes in the home community were built from 2000 to 2004. If buying or selling a Brookhighland home is in your plans, please contact me. I look forward to discussing your real estate plans.

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Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Overland Park Kansas
Recent
15 Days of Overland Park KS Market Activity

After calculating the absorption rate over the past 15 days in Overland Park, we can determine there’s currently 8.5 months of inventory on the market. This is high and not helped by the fact that over the past 15 days we saw more than double the number of homes come on the market as were sold over the same period. What we really need is a couple of months where there’s more homes sold (closed) than homes coming on the market to get the months of inventory back down in the five month range.

Type

#

Average $

Avg DOM

Listings Past 15 Days

158 $278,834

-

Total Active Listings

1,211

-

-

Newest Contracts Written

81 $258,209 140

Newest Sold (Closed)

71 $249,213 113

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

The average sales price over the last 15 days in Overland Park was just under $250,000 and the average list price of the homes that went under contract is in line with this figure. Still, the average seller who put their home on the market believes their home is worth closer to $280,000. If your real estate goals involve selling an Overland Park home and/or buying an area home, please contact me for assistance. I look forward to going over the market stats that will have an impact on your real estate decisions.

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Overland Park Kansas

Overland Park Kansas

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Community Centers In Overland Park
Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market

My National Association of Realtors has released the second quarter 2010 market statistics for the Kansas City metro area. The local trend shows that home prices have rising 4% when compared to the second quarter of 2009. The report gives us a look back nine years and I found it interesting to note that second quarter sales prices in the Kansas City area are down $7,100 on average compared to three years ago, but still up $5,900 over the past seven years.


So the average buyer who bought in 2003 is still ahead after the market downturn, but the average buyer who bought in 2007 is, well, wishing they’d bought in 2003. There’s a ton of other interesting information in the NAR report, including local employment growth at a rate better than most other markets and construction being on the rise – albeit it modestly – which indicates local new home inventories have stabilized.

The report also shows the Kansas City real estate market is one of the most affordable housing markets in the U.S. and there’s also details showing a decrease in the volume of loan delinquencies, thus suggesting area foreclosure rates should decrease in the future. Be sure to click the graph above to check out the entire report on the Kansas City metro area. Be patient after clicking on the graph as it’s a large PDF file and could take a minute to open.

Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market

Hallbrook Real Estate Market Stats
Hallbrook Is A Subdivision In Leawood KS

Looking over the Hallbrook market statistics dating back a year to September 2009, 35 homes were put on the market and 19 homes were sold over the same year period. The average sales price in Hallbrook was $1,035,750 and the subdivision saw a sales price range of $505,000 to $1,720,000.

Comparing the 22 Active listings in Hallbrook to the 12-month sales rate in the community, there’s 13.9 months of inventory currently on the market. This is high but not unusual for the price range and our current real estate market. The average current list price of $1,668,764 is perfectly in line with the average sales price  during the past year in the subdivision. Hallbrook is a popular Leawood Kansas home community and located near parks, shopping and dining amenities and near access to I-435 in Leawood Kansas.

Leawood Kansas

Leawood Kansas

Hallbrook is located in central Leawood Kansas and is served by the Blue Valley School District. There’s approximately 137 homes in Hallbrook and many of the homes in the home community were built from 1988 through 2004. If you’re considering selling your home in Hallbrook or purchasing an area home, please contact me for assistance.

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Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market

Well, it’s about time to get the ribs and chicken on the grill. Some of you are heading to a lake, have a fantasy football draft or  will just take a nap. Whatever you do today, please do it responsibly…

Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market

With more than 4, 5… 10 months of inventory on the market in some of our local areas, it’s important that sellers are choosing agents who understand and make use of today’s technological advancements. 87% of home buyers are currently finding their homes online, before they ever step foot in the door. So your home better be in all the places buyers are looking for homes — and be memorable once they find it.

Some of the best buyers are the ones who have narrowed down the area they want to live and are spending time driving through a particular neighborhood. When that happens, does your agent provide home brochures at the yard sign? Probably 3/4 of the listings I see do NOT have brochures. That amazes me. Print advertising such as newspapers are dying out, but one type of print marketing that is still a very effective means for marketing a home are the brochures a listing agent puts at the yard sign. When buyers drive by our listings, we provide color brochures on glossy, water-resistant paper. We want to be sure they take something valuable with them to help them remember your home by later. We also want them to be able to get more home details and more photos than can be put on a brochure.

If we can get a home buyer to go and view your home online, we know that they’ll benefit from the mapping features online, get to view a virtual tour of your home, ask any questions and schedule a showing on your home. So how do we get buyers to our listings online? We were one of the first Overland Park Realtors back around 2005 to provide each of our listings their own domain to take potential home buyers straight to the listing online — rather than having to navigate through our home page or featured listings to get to the client’s listing. We still advertise a unique web listing domain for each of our listings. For example, here’s the domain for an Overland Park home we listed this week… http://16044.JBPRealtyGroup.com.

We’ve more recently piggy backed on these web domains through the use of Quick Response (QR) Barcodes on our brochures. This allows potential buyers to use their smart phones to snap a photo (with the camera in their phones) and a bar code application on their phones will take them straight to that home’s listing online – without ever typing anything! Most new phones come with a scanner app already included. If you have an older Blackberry, iPhone or Android a couple of good FREE applications are ScanLife and NeoReader.  The most important thing you can do when listing your home is hiring an Overland Park real estate agent who is on the cutting edge when it comes to marketing their real estate listings.


Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market

Pheasant Run Real Estate Market Stats
Pheasant Run Is A Subdivision In Overland Park KS

Looking over the Pheasant Run market statistics dating back a year to September 2009, 14 homes were put on the market and 7 homes were sold over the same year period. The average sales price in Pheasant Run was $222,193 and the subdivision saw a sales price range of $145,101 to $246,000.

Comparing the 7 Active listings in Pheasant Run to the 12-month sales rate in the community, there’s 12.0 months of inventory currently on the market. This is high and indicative of our current buyer’s market. This makes for some excellent choices in Pheasant Run for home buyers and the average current list price ($238,686) is just slightly higher than the average sales price the past year in the community. Pheasant Run is a popular Overland Park Kansas subdivision and located near parks, shopping and dining amenities and near access to 69 Highway in Overland Park.

Pheasant Run In Overland Park KS

Pheasant Run In Overland Park KS

Pheasant Run is located in southern Overland Park Kansas and is served by the Blue Valley School District. There’s approximately 167 homes in Pheasant Run and many of the homes in the home community were built from 1992 through 1997. If you’re considering a home for sale in Pheasant Run or in selling a home in the community, please contact me to receive personalized real estate assistance. I look forward to helping you with your real estate needs.

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Overland Park Kansas Relocation Info

Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa KS
Recent
15 Days of Lenexa Kansas Market Activity

After using the past 15 days of market stats below to calculate the absorption rate in Lenexa Kansas, we can determine there’s 10.8 months of inventory on the market. This is high and yet another indication of the buyer’s market we’re seeing. There is a ton of great inventory for buyers to choose from and the average list price of the new homes coming on the market (269,472) is perfectly in line with the average sales price over the same 15-day period in Lenexa.

Type

#

Average $

Avg DOM

Listings Past 15 Days

50 $269,472

-

Total Active Listings

344

-

-

Newest Contracts Written

18 $276,467 249

Newest Sold (Closed)

16 $294,689 185

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

The days on market continues to creep upwards in Lenexa and the 16 homes that sold took more than 6 months to do so. The 18 homes that went under contract were already at 249 days on market, so the stats are trending the wrong way for Lenexa home sellers. Whether buying or selling a home in Lenexa Kansas, it’s more important than ever that you align yourself with a real estate agent who understands what’s going on in our real estate market. Please let me know more about your real estate situation and I’ll get you the market stats specific to the areas that interest you most. I look forward to representing your best interests all the way through the real estate process.

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Lenexa Kansas

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Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market

Today I Googled “what to look for in a realtor”. You’re supposed to capitalize REALTOR. Thanks random italicized voice but it’s a google search — it’s not necessary to use any capitalization!  You’re supposed to capitalize Google. OK, that’s it, I’m done with you random italicized voice.  Now back to my point… I Googled “what to look for in a realtor” and the first result was from Leslie Davis, a consumer advocate out of Denver Colorado. This is good because I really didn’t want results from another biased real estate agent or my National Association of Realtors. Here’s Leslie Davis’ 10 Things To Look For In A Realtor

1. Communication.
2. Full time professional.
3.  Market savvy.
4. Tech savvy.
5. Team player.
6. Professional reputation.
7. Receptive to questions and informative.
8. Check references.
9. Character.
10. Integrity, rapport and trust.

This is an excellent list and I’ll give a short response to each item and let you decide if I’m the right Kansas City real estate agent for you…

1. Communication – I don’t know any agent who communicates with their clients more than I do. I return 95% of emails, phone calls and online inquiries the same day. It’s that important to me and the small portion of phone calls that don’t get returned the same day get returned the next day. When I have a home listed, the client is constantly getting emailed updates on the marketing, market conditions and emails with advice or just to check in with the client. The majority of my communication is done by email so I have a record of what’s going on. Some may call this impersonal. I call it effective. It also allows me to return messages at times when answering the phone or returning a call just isn’t possible.

2. Full time or real estate hobbyist – Let there be no doubt, this is my profession. I work 70 hours many weeks and that’s not an exaggeration. I am available 6 days a week from 7 am until 7 pm — and other times with notice. In the nearly 6 years I’ve been here at my Overland Park Keller Williams office, I’ve been the first agent in the office probably 1,900 out of 2,000 days.

3.  Market savvy – I am involved with several meet-ups with Kansas City’s most technologically savvy agents and I study the market stats as much as anyone. This is evident by the information I share with you here on this blog on a daily basis. I’m focused on giving my clients the information they need to succeed in their real estate transactions. It’s about adjusting to the market before the rest of the market reacts.

4. Tech savvy – I believe I’m the most technologically savvy real estate agent in the Kansas City metro area. I teach classes on this stuff and it’s no coincidence that I manage all three of my sites and blog and all are consistently top ranked by Google search results. I know how to market myself online and the same goes for marketing my seller’s homes and in making the home search easier for Kansas City home buyers.

5. Team player – the affiliated resources I connect myself to are top-notch. They know I’m counting on them to take care of the client. They know I’m loyal but not to the extent that they I won’t stop referring them business if they don’t take excellent care of my clients.

6. Professional reputation – I’ve developed many Johnson County Kansas home communities, run the largest home building in Kansas City at one point and I’ve taken all that knowledge and turned it into a successful real estate career. I know a lot of people in the Kansas City community and my reputation is extremely important to me. I’m a bulldog when I have to be but I believe that there’s usually a win-win outcome that can be achieved in most situations.

7. Receptive to questions and informative – If you know me or if you’ve followed my blog for long, you know I’m not shy. Ask me a question and I’ll give you an opinion. Let me know what’s important in the home search and I’ll help you find the homes that fit your needs. Tell me about your goals in selling your home and I’ll guide you towards achieving success with your home sale. All licensed real estate agents are bound by the Fair Housing Act which prohibits us from steering a buyer to any certain neighborhoods. This can even become a dance when it comes to schools and crime stats. If I can’t answer the questions I can certainly point a client in the right direction online where they can get the answers they seek.

8. Check references – I was a top five producer in the Keller Williams four state heartland region in 2007. I have an elite online presence that puts my sellers at an advantage when selling their home and puts the online tools at my buyers disposal that make for an effective and efficient home search.

9. Character – I’ve never been called in front of the Kansas or Missouri real commissions for anything. I sleep well at night knowing that I’ve been fair and worked as hard as possible to help my clients achieve success in their real estate transactions. I’ve repeatedly been recognized by my office for perfect files turned in. A real estate brokerage gets audited occasionally by the real estate commission, so my office always wants to recognize agents who get the job done right the first time. But this also plays an important role in my clients success because the less time I spend chasing my tail, the more successful my clients transactions will be.

10. Integrity, rapport and trust – again, I’ve never been called in front of the real estate commission and I’ve never had a complaint lodged with my broker. I don’t hang my hat on this by any means, but in our current real estate market there are lots of possibilities out there for uptight clientelle. To never have had a complaint is a testament to my systems, philosophy, organization and most of all, my integrity.

Posted by Jason A. Brown

Checking The Pulse Of The Kansas City Real Estate Market

Parkwood Hills Real Estate Market Stats
Parkwood Hills Is A Subdivision In Olathe KS

Looking over the Parkwood Hills market statistics dating back a year to September 2009, 17 homes were put on the market and 14 homes were sold over the same year period. The average sales price in Parkwood Hills was $216,107 and the subdivision saw a sales price range $180,000 to $235,000.

Comparing the 7 homes for sale in Parkwood Hills to the 12-month sales rate in the community, there’s 6.0 months of inventory currently on the market. This is typical of what we’re seeing overall in the marketplace. The average current list price of $220,786 is perfectly in line with the average sale price the past year in the community. Parkwood Hills is a popular Olathe Kansas home community and located near parks, dining and shopping amenities.

Parkwood Hills In Olathe Kansas

Parkwood Hills In Olathe Kansas

Parkwood Hills is located in southeast Olathe Kansas and is served by the Blue Valley School District. There’s approximately 219 homes in Parkwood Hills and many of the homes in the home community were built from 1996 to 2000. If you’re considering selling your home in Parkwood Hills or purchasing an area home, please contact me for assistance. I look forward to representing your best interests all the way through the process.

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Posted by Jason A. Brown