Monthly Archives: September 2011

Pheasant Run Subdivision Stats ~ Pheasant Run Homes For Sale In Overland Park KS

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

Looking over the Pheasant Run market stats dating back a year to September 2010, 10 homes were put on the market and 12 homes were sold over the same year period. The average sales price in Pheasant Run was $218,679 and the home community had sales prices ranging from $181,900 to $246,000.

Comparing the 3 Active homes for sale in Pheasant Run to the 12-month sales rate in the subdivision, there’s 3.0 months of inventory currently on the market. This amount of inventory represents a seller’s market in the Pheasant Run area. The average current list price of $246,950 is 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 I-435 and 69 highways 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 served by the Blue Valley School District. There’s approximately 167 homes in Pheasant Run and many of the homes in the community were built from 1992 through 1997. If you are considering buying or selling a home in Pheasant Run or in the surrounding Overland Park Kansas area, let us help guide you through the real estate process.

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 Posted by Jason Brown

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Olathe Kansas Kansas Real Estate Update – September 2011

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Real Estate Statistics On Olathe Kansas
15 Day Glance At The Olathe KS Real Estate Market

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 7.6 months of inventory currently on the market. This amount of inventory represents a seller’s market in the city of Olathe. The average sales price in Olathe dipped below $200,000, though the average listing that went under contract during the same 15 day period was listed at more than $210,000 when those homes went under contract.

Type # Average $ Avg DOM
Listings Past 15 Days 98 $210,967 –
Total Active Listings 906 – –
Newest Contracts Written 95 $212,750 124
Newest Sold (Closed) 60 $198,129 135

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 60 homes Sold (closed) in Olathe were on the market an average of 135 days. If you are making plans to buy or sell a home in Olathe Kansas, we can go to work as your listing agent or buyer’s agent and represent your best interests through the process. Here’s information on how we can assist you with selling your Olathe home or with buying an Olathe home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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Will Mortgage Interest Rates Not Seen Since The 1970’s Get Kansas City Home Buyers Off The Fence?

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Mortgage rates have now hit 40 year lows but many Kansas City home buyers are remaining cautious. Freddie Mac reports that the average 30-year fixed rate loan nationally had an interest rate of 4.22 percent — mortgage rates we haven’t seen since 1971. Low mortgage interest rates allow many home buyers to get into a home with a lower monthly payment or to buy a home larger than they otherwise would have been able to purchase. Despite low mortgage interest rates that most of our parents have never even enjoyed, other economic concerns have home buyers weighing their options. 


My group has many buyers sitting on the sidelines due to an uneasy feeling about the economy, many specifically questioning whether they’ll have their job a year down the road to continue making their mortgage payments. These buyers are pre-approved for a home loan but even their increased purchasing power due to today’s low interest rates isn’t enough to get some of them off the fence.

To ensure our home buyers have the info they need to make an informed real estate decision, we go over the implications of rising or falling interest rates. A buyer who waits a year could theoretically purchase a home for 5% less (if home prices fall) but that could be completely counteracted if mortgage rates rise 0.5% during the same time. Interest rates have a powerful effect on home buyers and should always be one of the most important factors considered when buying a home a home (assuming a buyer isn’t paying cash for the home). 


Posted by Jason Brown

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Homestead Woods Subdivision Stats ~ Homestead Woods Homes For Sale In Olathe KS

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Homestead Woods Real Estate Market Stats
Homestead Woods Is A Home Community In Olathe KS

Looking over the Homestead Woods market stats dating back a year to September 2010, 16 homes were put on the market and 5 homes were sold over the same year period. The average sales price in Homestead Woods was $246,200 and the home community had sales prices ranging from $224,500 to $268,500.

Comparing the 6 Active homes for sale in Homestead Woods to the 12-month sales rate in the subdivision, there’s 14.4 months of inventory currently on the market. This amount of inventory indicates a buyer’s market in the Homestead Woods subdivision. The average current list price of $239,958 is lower than the average sales price the past year and provides area home buyers some great options to consider. Homestead Woods is a popular Olathe Kansas home community and located near parks, shopping and dining amenities and near access to I-435 and I-35 highways in Olathe.

Homestead Woods In Lenexa Kansas

Homestead Woods In Olathe Kansas

Homestead Woods is located in northeast Olathe Kansas and served by the Olathe School District. There’s approximately 313 homes in Homestead Woods and many of the homes in the community were built from 1988 to 1994. If you are considering buying or selling a home in Homestead Woods or in the surrounding Olathe area, we look forward to assisting you.

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 Posted by Jason Brown

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Deciding Whether Selling Your Overland Park Home In A Short Sale Makes Sense?

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If you’re behind on your mortgage or thinking you’re about to get behind on your mortgage payments, now is the time to sit down with an Overland Park Realtor and discuss your options. But don’t sit down with just any agent, make sure you sit down with an agent who understands the Short Sale process. Most agents don’t have a complete grasp on the complicated process and getting hooked up with the right agent can easily double or triple your chances of success.

We go through a checklist of questions to help determine whether we think a homeowner has a good chance at achieving a successful Short Sale. A Short Sale can be more or less complicated depending on whether there’s just one lender involved or whether a second loan has been taken out on the home. Finding out who all has an ownership interest in the property is critical in devising an out plan for each party involved. We need to know if a seller has received a Notice of Default from their lender because time is of the essence more than ever when dealing with a Short Sale.

We always want to be sure a homeowner has exhausted any possibilities to stay in the home, such as refinancing or asking their lender whether a loan modification is possible. Every homeowner’s situation and goals will lead to different questions being asked. We are constantly working to get a complete picture of what we’re up against. So that we can see all lien’s that have been placed against a property, we get our home sellers a free preliminary title report so we can see exactly what it’s going to take to achieve a successful Short Sale.

There’s a lot of work to be done to get a lender to even CONSIDER a Short Sale, much less accept one. From pin-pointing the hardships that have occurred to cause the situation to helping clients explain these hardships to their lender, we’re there every step of the way. If you’re in a distressed situation with your home and think a Short Sale may be a possibility for you, we’re happy to discuss your situation.

Posted by Jason Brown

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Regency Place Market Stats ~ Regency Place Homes For Sale In Olathe KS

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Regency Place Real Estate Market Stats
Regency Place Is A Home Community In Olathe KS

Looking over the Regency Place market stats dating back a year to September 2010, 11 homes were put on the market and 6 homes were sold over the same year period. The average sales price in Regency Place was $223,500 and the home community had sales prices ranging from $205,000 to $242,000.

Comparing the 3 Active homes for sale in Regency Place to the 12-month sales rate in the subdivision, there’s 6.0 months of inventory currently on the market. This amount of inventory indicates a buyer’s market in the Regency Place community. The average current list price of $221,617 is below the average sales price the past year in the community. Regency Place is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities and near access to highway in I-35 Highway in Olathe.

Regency Place In Overland Park KS

Regency Place In Overland Park KS

Regency Place is located in eastern Olathe Kansas and served by the Olathe School District. There’s approximately 206 homes in Regency Place and many of the homes in the community were built from 1994 to 1999. If you are considering buying or selling a home in Regency Place or in the surrounding Olathe Kansas area, please let us know how we can assist you.

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 Posted by Jason Brown

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Overland Park Kansas Kansas Real Estate Update – September 2011

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Real Estate Statistics On Overland Park Kansas
15 Day Glance At The Overland Park KS Real Estate Market

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 8.1 months of inventory currently on the market. This amount of inventory indicates it’s a buyer’s market in Overland Park. The average sales price of the homes that sold (closed) the past 15 days in Overland Park was $261,273 and the average priced new listing was $279,559.

Type # Average $ Avg DOM
Listings Past 15 Days 147 $279,859 –
Total Active Listings 1057 – –
Newest Contracts Written 93 $243,423 114
Newest Sold (Closed) 65 $261,273 108

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The homes that sold in the past 15 days were on the market 108 days and the homes that went under contract did so in slightly less time, which is a promising trend. If you’re planning to sell or buy an Overland Park Kansas home, we can provide you expert representation through the process. Here’s info about how we can assist you with selling your Overland Park home and with buying an Overland Park home. Please contact us with any questions you may have and we look forward to assisting you.

Overland Park KS Kansas Relocation Information

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Posted by Jason Brown

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Are You Ready To Sell Or Buy A Kansas City Home Without Signing Any Papers?

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We’re always studying ways to make the process of buying or selling a home easier on our clients. For the past couple of years, we’ve been light years ahead of 9/10 of the competition when it comes to transaction management. Every document of every offer we’re involved with is uploaded online. So any time a client needs something sent to them, it’s a push of button away.

When we list a home, the only papers that sellers still have to deal with is the seller’s disclosure addendum, which must be personally filled out. The rest of the listing documents can all be signed electronically, without printing out a single sheet of paper. Same goes for putting together a contract with our home buyers. I recently completed an entire transaction where neither my seller or the other agent’s buyer ever printed any of the documents.

Time after time our clients tell us we’ve helped them through the easiest real estate transaction they’ve experienced. All real estate agents are not the same and sometimes it’s the little things that make a difference… and sometimes it’s the big things. We’re always looking for ways to make the process easier and more efficient for our clients and everyone else involved in the process of buying or selling real estate in Kansas City, Johnson County Kansas, Overland Park and the surrounding area.


Posted by Jason Brown

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Birchwood Hills Market Stats ~ Birchwood Hills Homes For Sale In Overland Park KS

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Birchwood Hills Real Estate Market Stats
Birchwood Hills Is A Home Community In Overland Park KS

Looking over the Birchwood Hills market stats dating back a year to September 2010, 9 homes were put on the market and 9 homes were sold over the same year period. The average sales price in Birchwood Hills was $271,667 and the home community had sales prices ranging from $237,000 to $328,000.

Comparing the 2 Active homes for sale in Birchwood Hills to the 12-month sales rate in the subdivision, there’s 2.7 months of inventory currently on the market. This amount of inventory is indicative of a seller’s market in the area.  The average current list price of $277,475 is in line with average sales prices the past year in the subdivision. Birchwood Hills is a popular Overland Park Kansas subdivision and located near parks, shopping and dining amenities and near access to 69 Highway in Overland Park.

Birchwood Hills In Overland Park Kansas

Birchwood Hills In Overland Park Kansas

Birchwood Hills is located in southern Overland Park Kansas and served by the Blue Valley School District. There’s approximately 201 homes in Birchwood Hills and many of the homes in the community were built from 1994 to 1999. If you are considering buying or selling a home in Birchwood Hills or in the surrounding Overland Park Kansas area, we look forward to assisting you.

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 Posted by Jason Brown

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September 2011 Events In Kansas City — This Place Is A Three Ring Circus

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If you’re relocating to Kansas City, Johnson County Kansas, Overland Park or the surrounding areas and coming to town during the month of September, this is one of the busiest months of the year in KC. From the Kansas City Chiefs home opener to the Renaissance Festival and the America Royal, there’s many major events to consider…

9/1/11 thru 9/5/11 – Santa-Cali-Gon Days

9/2/11 thru 9/4/11 – Kansas City Irish Fest

9/3/11 thru 10/16/11 – Kansas City Renaissance Festival

9/7/11 thru 9/11/11 – Barnum 200 Circus

9/11/11 – Kansas City Chiefs Home Opener

9/11/11 – American Royal Parade

9/15/11 – Alison Krauss

9/16/11 – Foo Fighters

9/23/11 thru 9/25/11 – Plaza Art Fair

9/24/11 – Taylor Swift

9/26/11 – WWE Raw

9/27/11 –NHL Hockey – Penguins vs Kings

9/28/11 – Journey, Foreigner, Night Ranger

9/29/11 thru 10/2/11 – American Royal Barbecue

Various September dates – Kansas City Royals

These are just some of the events going on in Kansas City this September. Find many additional things to do in this Kansas City events planner.


Posted by Jason Brown

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