Monthly Archives: May 2010

Keller Williams RED Day 2010 Focuses On Helping Kansas City’s Children’s Mercy Hospital

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Checking The Pulse Of The Kansas City Real Estate Market

Keller Williams RED (Renew, Energize & Donate) Day is the day each year that the company I associate myself with spends giving back to the community that gives to us. Over the past couple of years, my local Overland Park office has placed our focus on giving to Children’s Mercy Hospital. Children’s Mercy has two local hospitals, one in downtown Kansas City and the other within walking distance from my office at I-435 and Metcalf in Overland Park KS. On this RED Day 2010, we delivered wagon after wagon loaded with crayons and other art supplies.

Michele Parrish & Jason Brown

Michele Parrish & Jason Brown

Michelle Parish headed the drive the drive this year. Children’s Mercy Hospital is one of the best pediatric hospitals in the country and has received the Magnet Designation for excellence in patient care from the American Nurses Credentialing Center. The hospital serves babies to those 18 years of age. I’ve had my two boys there at least five times, that I can recall, and the care we received each unfortunate visit to Children’s Mercy Hospital was extraordinary.


Posted by Jason A. Brown

Symphony At The Reserve Market Stats ~ Symphony At The Reserve In Olathe KS

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Checking The Pulse Of The Kansas City Real Estate Market
Symphony At The Reserve Real Estate Market Stats
Symphony At The Reserve Is A Subdivision In Olathe KS

Looking over the Symphony At The Reserve market statistics dating back a year ago to May 2009, 9 homes were put on the market and 8 homes were sold over the same year period. The average sales price in Symphony At The Reserve was $237,431 and the subdivision saw a price range variance of $199,950 to $278,500.

Comparing the 2 Active listings in Symphony At The Reserve to the 12-month sales rate in the community, there’s 2.7 months of inventory currently on the market. This is excellent in our current real estate market. Symphony At The Reserve is a popular Olathe Kansas subdivision and located near parks and dining amenities.

Symphony At The Reserve In Olathe KS

Symphony At The Reserve In Olathe KS

Symphony At The Reserve is located in southern Olathe Kansas and is served by the Blue Valley School District. Many of the homes in Symphony At The Reserve were built from 2002 through 2005.  If you’re considering making a move to or from Symphony At The Reserve or another area of Olathe Kansas, please let me know how I can assist you with your move.

View Homes For Sale in Symphony At The Reserve

Buying A Home In Symphony At The Reserve

Selling A Home In Symphony At The Reserve

Relocating to Olathe Kansas

Posted by Jason A. Brown

Willowbrook Market Stats ~ Willowbrook Homes For Sale In Overland Park Kansas

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Checking The Pulse Of The Kansas City Real Estate Market
Wilowbrook Real Estate Market Stats
Willowbrook Is A Subdivision In Overland Park KS

Looking over the Willowbrook market statistics dating back to March 2009, 8 homes were put on the market and 8 homes were sold over the same year period. The average sales price in Willowbrook was $285,381 and the subdivision saw a price range variance of $253,000 to $355,000.

Comparing the 3 Active listings in Willowbrook to the 12-month sales rate in the community, there’s 4.5 months of inventory currently on the market. This is typical our current real estate market. The average current list price of $312,950 is just a little higher than the average sales price ($285,381) during the past year in the subdivision. Willowbrook is a popular Overland Park Kansas home community and located near shopping, parks and dining amenities and close to access to 69 highway in Overland Park.

Willowbrook In Overland Park Kansas

Willowbrook In Overland Park Kansas

Willowbrook is located in southern Overland Park Kansas and is served by the Blue Valley School District.  Many of the homes in Willowbrook were built from 1990 through 1997.  If you’re considering moving to or from Willowbrook, please contact me for personal real estate assistance.

View Homes For Sale in Overland Park KS

Buying A Home In Overland Park KS

Selling A Home In Overland Park KS

Relocating to Overland Park KS

Posted by Jason A. Brown

Lenexa Kansas Real Estate Update – May 2010

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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

Using the past 15 days of Lenexa Kansas market stats in the chart below, there’s currently 5.25 months of inventory on the market in Lenexa. This is decent in our current real estate market. However, it’s the sale prices that are a concern here. The average seller the past 15 days believes their home is worth $365,000 while the average home sold over the same period in Lenexa was around $261,000 — more than a $100,000 difference. The 38 homes that wend Pending had an even lower average list price ($247,672) when they went under contract.

Type
#
Average $
Avg CDOM
Listings Past 15 Days
 40 $365,196
–
Total Active Listings
 315
–
–
Newest Contracts Written
 38 $247,672 169
Newest Sold (Closed)
 30 $261,480 187

* 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. CDOM = Continuous Days On Market.

If you’re interested in buying or selling a home in Lenexa Kansas, we’d look forward to assisting you. As your Lenexa Kansas Realtor we’ll get you the market information to make an informed real estate decision. Please let me know how we can assist you with your Lenexa KS real estate needs.

View Past Real Estate Stats On Lenexa Kansas

Buyer’s Agents In Lenexa Kansas

Seller’s Agents In Lenexa Kansas

Relocating to Lenexa Kansas

View All Listed Lenexa Kansas Homes For Sale

Lenexa Kansas

Lenexa Kansas

Lenexa Kansas Tip of the Day…
Lenexa Kansas New Resident Guide

Posted by Jason A. Brown

Kansas City Has The Lowest Average Mortgage Interests In The Country

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Checking The Pulse Of The Kansas City Real Estate Market

I have covered in the past why it’s so important for home buyers to consider today’s historically low interest rates when evaluating their potential home purchase. I believe many Kansas City homebuyers will look back and realize the lower interest rate they obtained were much more important than the few thousand they might have “saved” by waiting for home X to drop their price – or for home Y to come on the market. Of course, NO ONE knows the future, so we’ll see.


What we do know is that today’s low interest rates will be a huge factor for homeowners who stay in their home an extended period of time. According to MSN.com, Kansas City is the only metro market in the United States with average interest rates below 5%. The average buyer can secure a 30 year fixed rate loan in Kansas city for just 4.94 — that is amazing!  Here’s the top 5 list according to MSN Money…

1. Kansas City MO/KS – 4.94%
2. Houston TX – 5.03%
3. Dallas TX – 5.06%
4. Virginia Beach VA – 5.06%
5. San Antonio TX – 5.12%


The article attributes the low interest rates in the above areas to the same things that have kept our local market from completely crapping out during difficult economic times – we didn’t see the huge fluctuations and appreciation that many U.S. real estate markets experienced.

Posted by Jason A. Brown

Huntington Of Wedgewood Market Stats ~ Huntington Of Wedgewood In Shawnee KS

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Checking The Pulse Of The Kansas City Real Estate Market
Huntington Of Wedgewood Real Estate Market Stats
Huntington Of Wedgewood Is A Subdivision In Shawnee KS

Looking over the Huntington Of Wedgewood market statistics dating back to May 2009, 7 homes were put on the market and 9 homes were sold over the same 12-month period. The average price of the homes Sold in Huntington Of Wedgewood was $240,667. The subdivision experienced sale prices ranging from $164,000 to $275,000.

Comparing the 2 Active listings in Huntington Of Wedgewood to the 12-month sales rate in the community, there’s 2.7 months of inventory on the market. This is excellent in today’s real estate market. The average current list price of $226,200 is also below the average sale price the past year in the subdivision. Huntington Of Wedgewood is a popular Shawnee Kansas subdivision and located near parks, shopping and dining amenities and near access to I-435 and I-35 running through Shawnee.

Huntington Of Wedgewood In Shawnee KS

Huntington Of Wedgewood In Shawnee KS

Huntington Of Wedgewood is located in southern Shawnee Kansas and is served by the Shawnee Mission School District.  Many of the homes in Huntington Of Wedgewood were built from 1995 through 1998. If buying or selling a home in Huntington Of Wedgewood is in your future, please contact me for real estate assistance.

View Homes For Sale in Huntington Of Wedgewood

Buying A Home In Huntington Of Wedgewood

Selling A Home In Huntington Of Wedgewood

Relocating to Shawnee Kansas

Posted by Jason A. Brown

Home Sales Rise Nationally And In The Kansas City Metro Area In March

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Checking The Pulse Of The Kansas City Real Estate Market

The number of home sales across the state of Kansas rose 5.8% in March 2010 in comparison to March 2009. This according to the recently released report from my Kansas Association of Realtors. The raw numbers were 2,375 sold properties in March, which was an increase from the 2,244 sold properties in March 2009. The rise in Kansas wasn’t nearly as good as the national average however. Home sales across the U.S. were up 16% March 2010 over March 2009. Comparing the number of homes on the market in Kansas (18,000+) to the sales rate in March indicates there’s 7.6 months of inventory on the market in Kansas.


Here locally in the Kansas City metro area, we had 2,364 home’s sold in March of this year. In March of 2009, there were 2,126 sales. This roughly 11% increase puts us slightly closer to the national figure than the state increase.  The tax credit closings coming through the end of June, should continue driving home sales (closings). What’s in store come mid-summer, after the tax credit is long gone, is the situation that home sellers, home buyers and real estate agents will be watching closely.


Posted by Jason A. Brown

The Estates Of Prairie Haven Market Stats ~ Estates of Prairie Haven In Olathe KS

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Checking The Pulse Of The Kansas City Real Estate Market
The Estates Of Prairie Haven Real Estate Market Stats
Estates of Prairie Haven Is A Subdivision In Olathe KS

Looking over the Estates Of Prairie Haven market statistics dating back to May 2009, 17 homes were put on the market and 20 homes were sold over the same year period. The average sales price in  The Estates Of Prairie Haven was $208,048 and the subdivision saw a price range variance of $159,000 to $255,000.

Comparing the 2 Active listings in The Estates Of Prairie Haven to the 12-month sales rate in the community, there’s 1.2 months of inventory currently on the market. The sales rate has been good given the number of foreclosure homes recently in the area. The average current list price of the two homes on the market ($235,950) is quite a bit higher than the average sales price the past year in the subdivision. The Estates Of Prairie Haven is a popular Olathe Kansas subdivision and located near dining, parks and shopping amenities and near access to K-7 and K-10 highways in Olathe.

Estates Of Prairie Haven In Olathe KS

Estates Of Prairie Haven In Olathe KS

The Estates Of Prairie Haven is located in northwest Olathe Kansas and is served by the Olathe School District. Many of the homes in The Estates Of Prairie Haven were built from 1998 to homes currently under construction. If you’re considering a home purchase or sale in The Estates Of Prairie Haven community or in another area of Olathe Kansas, please let me know how I can assist you.

View Homes For Sale in Estates Of Prairie Haven

Buying A Home In Estates of Prairie Haven

Selling A Home In Estates Of Prairie Haven

Relocating to Olathe Kansas

Posted by Jason A. Brown

Overland Park Kansas Real Estate Update – May 2010

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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

Below are the past 15 days of market stats for real estate in the city of Overland Park Kansas. We can figure the absorption rate using these figures and doing so then tells us there’s currently 4.1 months of inventory in Overland Park. This is much better than we’ve seen in other areas and even in Overland Park recently. The improvement lies in an average of a 264 per month sale pace. Even more impressive is the 190 contracts written over the same period. That is no doubt fueled by the tax credit that ended last week — yet still great to see.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 179
 $283,277
–
Total Active Listings
 1,085
–
–
Newest Contracts Written
 190
 $246,181 93
Newest Sold (Closed)
 132
 $254,289 86

* 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.

Home sellers are still pricing their homes higher than what the market is bearing however. The average list price was $283,277, which is about $30,000 higher than the average home sold for over the same period. If you’re considering buying or selling real estate in Overland Park Kansas, we look forward to assisting you. We’ll give you the market stats and representation to make an informed decision.  Please let me know when you’re ready for personalized real estate service.

View Past Real Estate Stats On Overland Park KS

Buyer’s Agents In Overland Park KS

Seller’s Agents In Overland Park KS

Relocating to Overland Park KS

View All Listed Overland Park KS Homes For Sale

Overland Park Kansas

Overland Park Kansas

Overland Park Kansas Tip of the Day…
Utility Companies Serving Overland Park Kansas

Posted by Jason A. Brown

Kansas City Real Estate: The Short Story

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I’ve heard everyone and their brother blamed for the real estate market downturn, but this 4 minute, 14 second video hits home all too well for many Kansas City homeowners. If you’re not able to find a sliver of humor in our current real estate market, do NOT watch this video…

Posted by Jason A. Brown