7 Reasons Why Now Is A Great Time To Buy A Home In Johnson County Kansas

Checking The Pulse Of The Kansas City Real Estate Market

Once a “looker” makes the decision to become a “buyer”, I enjoy guiding them through the process and working to make the experience as enjoyable, predictable and profitable as possible. But simply making the decision to start the process paralyzes many home buyers and leaves them on the fence. It’s understandable that a down market can do that. But if you’re one of the “lookers” out there questioning whether the time is right to buy a home in Johnson County Kansas, I encourage you to consider the following seven factors.

The first factor to consider is that home affordability in Johnson County Kansas  is higher than it’s been in more than 30 years. The second factor to consider is that mortgage rates have dropped a full percent, which means you can afford a home worth $25,000 more than you could afford a year ago. A third factor is the multiple reports circulating that home prices have stabilized nationally and in most areas have begun to increase. A fourth factor to consider is the huge motivation Johnson County home sellers are faced with due to the unprecedented volume of homes currently for sale.

The fifth factor to consider is financing is readily available for buyers with a 5% down payment and a 640+ credit score.  The sixth reason for buying a Johnson County Kansas home this fall is because mortgage payments compared to average rentals rates have become more favorable towards owning than they’ve been in nearly a quarter century. The seventh reason to buy a home is because, well, it’s your home. There’s nothing like the pride of homeownership. Though most homeowners will complain about having to mow the lawn, once the job is done nearly every one of them stops to look back with pride at the lawn they own. Check out the full 10 page report by clicking the image above.


Posted by Jason A. Brown

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Worthington Home Community Market Update ~ Worthington Homes In Leawood KS

Checking The Pulse Of The Kansas City Real Estate Market

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

Looking over the Worthington market stats dating back a year to October 2009, 6 homes were put on the market and 4 homes were sold over the same year period. The average sales price in Worthington was $385,875 and the subdivision saw a price range variance of $340,000 to $430,000.

Comparing the 3 current listings in Worthington to the 12-month sales rate in the community, there’s 9.0 months of inventory currently on the market. This is high but not unusual for the price range and in our current real estate market. The average current list price of $433,333 is at the top end of the past year’s sale price range. Worthington is a popular Leawood Kansas subdivision and located near parks, shopping and dining amenities.

Worthington In Leawood Kansas

Worthington In Leawood Kansas

Worthington is located in southern Leawood Kansas and is served by the Blue Valley School District. There’s approximately 154 homes in Worthington and many of the homes in the community were built from 1995 through 1999. If you’re considering putting your Worthington home on the market, contact me to discuss the area market statistics and your situation in particular. If you’re considering buying a home in Worthington or the surrounding Leawood Kansas area, we look forward to representing your best interests through the purchase process. Please let me know how we can assist you.

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Lenexa Kansas Real Estate Update – October 2010

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we can determine there’s currently 20.1 months of inventory on the market. This isn’t a misprint and seeing just 8 homes Sold (closed) throughout the city of Lenexa over the past 15 days is concerning. That’s less than one home closing every two days. At that pace, it’s going to take some time to eat up a current inventory of 335 homes for sale in Lenexa.

Type

#

Average $

Avg DOM

Listings Past 15 Days

34 $245,600

Total Active Listings

335

Newest Contracts Written

17 $263,729 130

Newest Sold (Closed)

8 $284,806 261

* 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.

Of course the market can change quickly and we’re only looking at the past 15 days of market stats.  Also consider that 17 homes went under contract over the same period. If those had all been closings rather than just contracts written, the months of inventory would be closer to 10 months. So let’s hope all those do end up making it to the closing table. Irregardless, it’s clearly a buyer’s market in the city of Lenexa. Whether buying or selling, you’ll want a local expert who understands our current market conditions so they can proper guide you through the process. Please let me know more about your real estate goals and we look forward to helping you achieve them.

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Park Crossing Home Community Market Update ~ Park Crossing Homes In Overland Park KS

Checking The Pulse Of The Kansas City Real Estate Market

Park Crossing Real Estate Market Stats
Park Crossing Is A Subdivision In Overland Park Kansas

Looking over the Park Crossing market statistics dating back a year to October 2009, 13 homes were put on the market and 10 homes were sold over the same 12-month period. The average sales price in Park Crossing was $227,352 and the subdivision saw a sales price range of $200,000 to $243,900.

Comparing the 3 Active listings in Park Crossing to the 12-month sales rate in the community, there’s 3.6 months of inventory currently on the market. This is excellent in our current real estate market and the average current list price of $216,333 is lower than the average sales price ($227,352) seen over the past year in the community. Buyer’s should take a look at Park Crossing as it’s a popular Overland Park Kansas subdivision and located near parks, shopping and dining amenities and near access to I-435, I-35 and 69 highways in Overland Park.

 

Park Crossing In Overland Park Kansas

Park Crossing In Overland Park Kansas

 

Park Crossing is located in western Overland Park Kansas and is served by the Olathe School District. There’s approximately 178 homes in Park Crossing and many of the homes in the community were built from 1994 through 1997. If buying or selling a Park Crossing home is in your future, please let me know more about your real estate situation. I look forward to representing your best interests throughout the buying or selling process.

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Is It Time For Kansas City Home Buyers To Get Off The Fence?

Checking The Pulse Of The Kansas City Real Estate Market

At least one economist believes that “every major price index points to a housing market that has hit bottom”. If true, that would be music to Kansas City home seller’s ears. But it would also mean that prices would likely start trending up at that point. When they do – and they will eventually – then lookers who didn’t buy will have missed out on some great deals. Buying at the bottom of a down market is going to make a lot of people money but buying at the perfect time involves as much luck as skill, mainly because we’ll already be well into a recovery by the time it’s reported.

Even though it will take history to show us whether this was the perfect time to buy, indications are present that now could be the time to get off the fence. I pay close attention to the economists who study our real estate markets daily and to hear a reputable economist’s assessment that we’re now at the bottom of the real estate market is promising news. If more economists jump on board touting that we’re indeed at the bottom, it will be PAST home buyers who bought at the perfect time.

The above quote from William Wheaton, Professor of Economics and Real Estate at MIT in Boston Massachusetts certainly got my attention and Professor Wheaton further points out that home prices have stabilized in nearly every United States region and that median U.S. home price increased from $164,000 in February of 2010 to $182,600 in August of 2010 — which is a  HUGE 11% increase in just 6 months time!


Posted by Jason A. Brown

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Greenview Ridge Home Community Market Update ~ Greenview Ridge Homes In Shawnee KS

Checking The Pulse Of The Kansas City Real Estate Market

Greenview Ridge Real Estate Market Stats
Greenview Ridge Is A Subdivision In Shawnee KS

Looking over the Greenview Ridge market statistics dating back a year to October 2009, 12 homes were put on the market and 8 homes were sold over the same year period. The average sales price in Greenview Ridge was $250,422 and the subdivision saw a price range variance of $238,000 to $269,000.

Comparing the 4 Active listings in Greenview Ridge to the 12-month sales rate in the community, there’s 6.0 months of inventory currently on the market. This is typical of our current market and the average current list price of $253,713 is  perfectly in line with the average sales price the past 12 months in the subdivision ($250,422). Greenview Ridge is a popular Shawnee Kansas community and located near parks, shopping and dining amenities and near access to K-7 and I-435 highways in Shawnee.

 

Greenview Ridge In Shawnee Kansas

Greenview Ridge In Shawnee Kansas

 

Greenview Ridge is located in western Shawnee Kansas and is served by the De Soto School District. There’s approximately 175 homes in Greenview Ridge and many of the homes in the community were built from 1997 to 2004.  Please contact me to receive expert buyer’s agent guidance or listing assistance when buying or selling a home in Greenview Ridge. I look forward to assisting you with your real estate needs.

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Overland Park Kansas Real Estate Update – October 2010

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 Kansas, we can determine there’s currently 8.5 months of inventory on the market. This is high and almost identical to the stats we posted in September for Overland Park. The days on market has improved ever so slightly since that time. Still, we need to improve on a 140 sale a month pace to eat up the nearly 1,200 homes for sale in Overland Park.

Type

#

Average $

Avg DOM

Listings Past 15 Days

157 $238,694

Total Active Listings

1,183

Newest Contracts Written

86 $266,499 128

Newest Sold (Closed)

70 $243,414 107

* 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.

If your real estate goals involve buying or selling an Overland Park home, please contact us for assistance. We look forward to providing you expert listing representation when selling and/or expert buyer’s agent representation when buying an Overland Park home. If you aren’t currently being represented and just want some preliminary market stats on your area, please let me know more about your buying or selling situation.

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Overland Park Kansas

Overland Park Kansas

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Posted by Jason A. Brown

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Organization Is Key To Completing A Lenexa Kansas Home Purchase

Checking The Pulse Of The Kansas City Real Estate Market

Buying a home can be made easy in most cases by simply working with a great agent. By great agent I mean a real estate agent who knows what they’re doing and cares enough to make your transaction as important as if it were his or her own personal transaction. Everything I do in business is based on organization. One step into my office and you’ll understand just how important it is to me. When I walk out of my office each day, I feel great that the critical items have been handled and the rest is in order to start the next day. It takes just one lost piece of paperwork or dropping the ball on one item during the home buying process and the wheels can fall off the bus.

Let’s say your buying a home in Lenexa Kansas. After you’ve chosen the Lenexa Realtor that will represent you, the next step is choosing a great lender who works the Lenexa KS area. Once you have your loan Pre-Approval Letter in hand, it’s off to view homes. But wait… there more to an organized home search than just heading out to view any homes in the price range. Buyers should first scout the neighborhoods within their price range and desired area. At a minimum, checking out the main streets of the surrounding area will help you understand important factors around the neighborhood. Look for traffic flow, excessive noise, parks, shopping, dining amenities, etc. Always look closely at whether the neighborhood commons areas are well taken care of – it’s a tell-tale sign if they’re not.

When choosing homes to view, the process can vary greatly from one buyer to the next. Many  buyers prefer to receive  all the listings via email and then tell me which ones they want to see. A few want to give me their basic parameters and have me choose all the homes we see. In most cases, the best solution is a combination of the two. I set my clients up to receive email updates of listings that fit their parameters. I ask enough questions up front that only relevent listings are sent to buyers. Taking the time to check a few additional MLS boxes can go a long way towards making it easier for buyers to cull through the available MLS listings. Once the right home is found,  you’ll be counting on your agent for expert representation through the remainder of the real estate process and organization is just as critical during the rest of the real estate process.


Posted by Jason A. Brown

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Symphony Hills Home Community Market Update ~ Symphony Hills Homes In Olathe KS

Checking The Pulse Of The Kansas City Real Estate Market

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

Looking over the Symphony Hills market statistics dating back a year to October 2009, 28 homes were put on the market and 24 homes were sold over the same year period. The average sales price in Symphony Hills was $201,127 and the subdivision had a sales price range from $167,700 to $241,000.

Comparing the 5 Active listings in Symphony Hills to the 12-month sales rate in the community, there’s 2.5 months of inventory currently on the market. This is excellent in the price range and in our current real estate market. Symphony Farms continues to experience a neutral real estate market, which is good for both home buyers and home sellers. The average current list price of $202,380 is also perfectly in line with the average sales price the past year in the community. Symphony Hills is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities.

Symphony Hills In Olathe Kansas

Symphony Hills In Olathe Kansas

Symphony Hills is located in southeast Olathe Kansas and is served by the Blue Valley School District. There’s approximately 292 homes in Symphony Hills and many of the homes in the community were built from 1998 through 2002. If you’re considering purchasing or selling a home in Symphony Hills or another Olathe Kansas home community, please contact me for assistance. I look forward to assisting you with your real estate needs.

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Posted by Jason A. Brown

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Search 20,000+ Kansas City Area Homes For Sale And SAVE Your Searches

Checking The Pulse Of The Kansas City Real Estate Market

Kansas City Realtor

Jason A. Brown
Jason A. Brown
Jason Brown Premier Realty Group
Keller Williams Realty Partners, Inc.
Email Jason Brown
Office: 913-906-5417
Cell: 913-915-6008 www.JBPRealtyGroup.com


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Kansas City Realtors serving Johnson County KS, Overland Park, Olathe, Lenexa, Leawood, Shawnee and surrounding areas.

Posted by Jason A. Brown

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