Monthly Archives: October 2011

Shannon Valley Market Stats ~ Shannon Valley Homes For Sale In Overland Park KS

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Shannon Valley Community Market Stats
Shannon Valley Is A Subdivision In Overland Park KS

Looking over the Shannon Valley market stats dating back a year to October 2010, 20 homes were listed for sale and 13 homes were Sold (closed) over the same 12-month period. The average sales price in Shannon Valley was $217,043 and the home community had sales prices that ranged from a low of $165,000 to a high of $255,200.

Comparing the 9 Active homes for sale in Shannon Valley to the past year’s sales rate in the home community, there’s 8.3 months of inventory on the market. This amount of inventory indicates a buyer’s market in the area. The average current list price of $229,061 is in line with average sales prices the past year and there’s some excellent options for homes buyers to consider in the area. Shannon Valley is a popular Overland Park Kansas home community and located near parks, dining and shopping amenities and near access to 69, I-435 and I-35 highways in Overland Park.

Shannon Valley In Overland Park KS

Shannon Valley In Overland Park KS

Shannon Valley is located in southern Overland Park Kansas and served by the Blue Valley School District. There’s approximately 575 homes in Shannon Valley and many of the homes in the community were built from 1978 to 1987. If you are planning to buy or sell a home in Shannon Valley or in another community in the surrounding Overland Park Kansas area, please contact us for assistance.

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 Posted by Jason Brown

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Kansas City Area Real Estate Market Stats: Comparing Our Current Market To 1 Year Ago

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In comparing September 2011’s market stats to September 2010, we find there’s fewer homes on the market and more homes are selling. This is great news for Kansas City homes sellers as we look to achieve a balanced real estate market not seen for several years in Kansas City. In September of 2010 there were 19,770 homes on the market, while this September that figure dropped to 17,550. In September 2010 there were 1,883 homes Sold (closed) while this September that figure improved to 2,105 homes Sold.


These figures calculate to an improvement from 10.5 months of inventory on the market last year to 8.3 months of inventory on the market this September. 5 to 7 months of inventory is considered to be a balanced real estate market, not necessarily favoring Kansas City home buyers or home sellers. Shaving off more than two months of inventory the past year goes a long way towards stabilizing home prices.

Once the glut of distressed foreclosure and short sale listings slows, the months of inventory could get back below the 7 month range. When this happens, we’ll likely be well on our way to a real estate recovery and home buyers will find it unlikely to find the great deals available in today’s market and with today’s 30-year fixed interest rates that are in the 3’s.


Posted by Jason Brown

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Copper Creek Community Stats ~ Copper Creek Homes For Sale In Olathe Kansas

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Copper Creek Community Market Stats
Copper Creek Is A Subdivision In Olathe KS

Looking over the Copper Creek market stats dating back a year to October 2010, 12 homes were listed for sale and 6 homes were Sold (closed) over the same 12-month period. The average sales price in Copper Creek was $257,417 and the home community had sales prices that ranged from a low of $185,000 to a high of $297,500.

Comparing the 4 Active homes for sale in Copper Creek to the past year’s sales rate in the home community, there’s 8.0 months of inventory on the market. This amount of inventory indicates a buyer’s market in the Copper Creek area. The average current list price of $256,863 is perfectly in line with average sales prices the past year, making for some excellent options for home buyers to consider. Copper Creek is a popular Olathe Kansas home community and located near parks, dining and shopping amenities in Olathe.

Copper Creek In Olathe Kansas

Copper Creek In Olathe Kansas

Copper Creek is located in southeast Olathe Kansas and served by the Olathe School District. There’s approximately 246 homes in Copper Creek and many of the homes in the community were built from 1991 to 2001. If you are planning to buy or sell a home in Copper Creek or in another community in the surrounding Olathe area, please contact us for assistance.

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 Posted by Jason Brown

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Lenexa Kansas Real Estate Update – October 2011

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 11.0 months of inventory currently on the market. This amount of inventory indicates it’s a clear buyer’s market in the city of Lenexa. The sales pace needs to pick up to eat into the 286 homes for sale in the city. The average sales price of the last 13 homes to sell in Lenexa had an average sales price around $197,000, while the average new listing came on the market at close to $287,000.

Type # Average $ Avg DOM
Listings Past 15 Days 34 $286,517 –
Total Active Listings 286 – –
Newest Contracts Written 24 $249,937 125
Newest Sold (Closed) 13 $197,096 163

* 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 (closed) the past 15 days in Lenexa took an average of 163 days to do so. If you’re making plans to buy or sell a home in Lenexa Kansas, we have Lenexa real estate experts to guide you through the buying or selling process. Here’s information on how we can assist you with selling your Lenexa area home or with buying a Lenexa area home.  Contact us with any questions you may have and we look forward to guiding you through the real estate process.

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Posted by Jason Brown

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Owning A Kansas City Home Has A Huge Effect On Our Economy

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Wondering if housing really drives the economy? According to a study by NAR, one job is created for every two homes sold and homeownership accounts for more than 15% — over $2 TRILLION — of our U.S. GDP.  With the exception of many homeowners who purchased in 2006 and 2007, the financial reward of owning a home has been the single best investment most people have ever made. For those who haven’t done well or who have treaded water, there are still MANY other benefits to owning a home.

Though complicated to assess, the social benefits of home ownership are certainly huge. The NAR study indicates that homeowners pay 80% to 90% of federal income taxes collected. During our country’s great history, homeowner’s net worth has been about 40 times greater than that of renters. People who own homes also contribute greatly to stabilizing the neighborhoods in which they live, enjoy reduced crime in their areas and generally live more enriched lifestyles than those who rent.


Posted by Jason Brown

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Whitehorse Community Market Stats ~ Whitehorse Homes For Sale In Leawood Kansas

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Whitehorse Community Market Stats
Whitehorse Is A Subdivision In Leawood KS

Looking over the Whitehorse market stats dating back a year to October 2010, 16 homes were listed for sale and 7 homes were Sold (closed) over the same 12-month period. The average sales price in Whitehorse was $495,464 and the home community had sales prices that ranged from a low of $399,900 to a high of $605,000.

Comparing the 7 Active homes for sale in Whitehorse to the past year’s sales rate in the home community, there’s 12.0 months of inventory on the market. This amount of inventory indicates a buyer’s market in the Whitehorse area. The average current list price of $484,114 is lower than the average sales price the past 12 months in the subdivision, so there’s some excellent options for home buyers to consider. Whitehorse is a popular Leawood Kansas home community and located near parks, dining and shopping amenities and near access to 69 Highway in Leawood Kansas.

Whitehorse In Leawood Kansas

Whitehorse In Leawood Kansas

Whitehorse is located in southern Leawood Kansas and served by the Blue Valley School District. There’s approximately 181 homes in Whitehorse and many of the homes in the community were built from 1995 through 2005. If you are planning to buy or sell a home in Whitehorse or in another community in the surrounding Leawood area, we look forward to assisting you.

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 Posted by Jason Brown

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The Fall 2011 Edition of The Home Show in Kansas City Is This Weekend

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This year’s Fall Edition of The Home Show in Kansas City will be held at the Overland Park Convention Center near College Boulevard and Lamar Avenue. The Home Show has hundreds of exhibits planned where you can meet experts on home improvement, home remodeling and home design. HGTV Jennifer Bertrand and Terry Haas will be there as will exhibits from architect Wolfgang Trost, Rensen House of Lights, Ferguson Showrooms, Nebraska Furniture Mart, Ralph Lauren Paint and more.

The show starts today and ends on Sunday (10/9/11) with doors opening at 10 AM each day and closing at 8 PM on Friday and Saturday and at 6 PM on Sunday. The event is put on by the Home Builders Association of Greater Kansas City and in addition to speaking with specialists and seeing the latest remodeling ideas there will also be live demonstrations performed by some of our area’s local designers and remodelers. You can also find more details here on the Home Show’s Facebook page.


Posted by Jason Brown

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Windsor Hills Market Stats ~ Windsor Hills Homes For Sale In Overland Park Kansas

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Windsor Hills Community Market Stats
Windsor Hills Is A Subdivision In Overland Park KS

Looking over the Windsor Hills market stats dating back a year to October 2010, 25 homes were listed for sale and 11 homes were Sold (closed) over the same 12-month period. The average sales price in Windsor Hills was $476,227 and the home community had sales prices that ranged from a low of $398,000 to a high of $588,000.

Comparing the 14 Active homes for sale in Windsor Hills to the past year’s sales rate in the home community, there’s 15.3 months of inventory on the market. This amount of inventory indicates a buyer’s market in the Windsor Hills area and there’s some great options for home buyers to consider. The average current list price of $463,629 is below the average sales price the past year in the home community.  Windsor Hills is a popular Overland Park Kansas subdivision and located near parks, dining and shopping amenities and near access to 69 Highway in Overland Park.

Windsor Hills In Overland Park Kansas

Windsor Hills In Overland Park Kansas

Windsor Hills is located in southern Overland Park Kansas and served by the Blue Valley School District. There’s approximately 216 homes in Windsor Hills and many of the homes in the community were built from 1999 through 2007. If you are planning to buy or sell a home in Windsor Hills or in another community in the surrounding Overland Park area, we can guide you through the real estate process.

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 Posted by Jason Brown

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Overland Park Kansas Kansas Real Estate Update – October 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 5.3 months of inventory currently on the market. This amount of inventory indicates a balanced real estate market. A nearly 200 homes a month sales pace is eating into the available inventory at a solid pace in Overland Park. It’s also quite an improvement over the 8.1 months of inventory in Overland when we checked in September.

Type # Average $ Avg DOM
Listings Past 15 Days 149 $270,142 –
Total Active Listings 1047 – –
Newest Contracts Written 82 $247,382 124
Newest Sold (Closed) 98 $226,140 139

* 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 stats indicate that the homes that are selling are doing so in around 4 to 5 months. If you are making plans to buy or sell a home in Overland Park Kansas, we can guide you through the process. Here’s information on how we can assist you with selling your Overland Park home or with buying an Overland Park 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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Impressive Real Estate Market Stats Abound In The State Of Kansas

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The final August stats recently release by my association of Realtors showed a huge improvement in the real estate market during the month of August. Home sales rose 21% during the month compared to August 2010’s sales. The impressive raw numbers included 2,789 homes sold state-wide in August compared to the 2,247 homes sold in August 2010. The national real estate market impressed as well with home sales rising 18.6% in August compared to August 2010.

Factoring the 19,464 homes for sale in Kansas at the end of August against a sales rate of 2,789 homes sold (in August), we find there was 7.0 months of inventory on the market in Kansas at the end of the August reporting period. Though 7.0 months of inventory indicates a buyer’s market, the impressive August sales rate absolutely put a dent in the volume of inventory on the market. Less competition on the market is music to home seller’s ears and so are rising average sales prices. The average home price was $159,082 across the state, a 2.7% increase from August 2010.  

Locally here in Johnson County Kansas, the August stats look even better. There were 737 homes sold in Johnson County Kansas during the month of August. Comparing this sales rate to the current 3,782 homes for sale in Johnson County Kansas, we find 5.1 months of inventory in Johnson County Kansas. That’s considered a balanced real estate market and there’s no doubt that the Johnson County Kansas real estate market remains a solid option for investing in real estate.


Posted by Jason Brown

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