Olathe KS real estate update for October 2016… Get details on the strong Seller’s market & search Olathe homes for sale

The Jason Brown Group

Olathe KS Real Estate Update

There were 122 homes sold (closed) in Olathe Kansas the past 15 days. Comparing this sales rate to the current 402 homes for sale in Olathe, the city has 1.7 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Olathe. The average new listing the past 15 days in Olathe Kansas came on the market around a $260,000 list price, while the average sales price during the same time frame was nearly $264,000.

Type # Average $ Avg DOM
Listings Past 15 Days 139 $260,049
Total Active Listings 402
Newest Contracts Written 131 $280,128 50
Sold (closed) Past 15 Days 122 $264,321 65

* 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 122 homes sold in Olathe Kansas were on the market an average of 65 days, while the last 131 homes to go under contract did so in 50 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Olathe Kansas home.

The Jason Brown Group gives Olathe home sellers powerful representation and we get the majority of our homes sold in 30 days and for nearly 99% of list price. We represent Olathe home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Olathe Kansas home or buying an Olathe Kansas home and contact us for personal real estate assistance.

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Olathe Kansas Real Estate Market Update – September 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Olathe Kansas Real Estate Update
Recent Real Estate Market Activity In Olathe KS

Using the 81 homes sold in Olathe the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.3 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Olathe. The average new listing the past 15 days came on the market around $253,000, while the average sales price during the same time period was around $216,000.

Type # Average $ Avg DOM
Listings Past 15 Days 129 $252,788
Total Active Listings 523
Newest Contracts Written 106 $221,879 63
Sold (closed) Past 15 Days 81 $216,275 64

* 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 81 homes sold (closed) in Olathe were on the market an average of 64 days. We can assist you with buying or selling a home in Olathe Kansas, so please contact us with questions you may have about real estate in the area. You can also start the process by finding detailed real estate information on our site regarding selling an Olathe Kansas home and buying a Olathe Kansas home.

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Olathe Kansas Real Estate Market Update – June 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Olathe Kansas Real Estate Update
Recent Real Estate Market Activity In Olathe KS

Comparing the sales rate the past 15 days in Olathe Kansas to the current volume of homes for sale in the city, we find 2.4 months of inventory. This volume of homes for sale indicates a strong seller’s real estate market in the city of Olathe. The average new listing the past 15 days came on the market around $233,000, while the average sales price during the time period was around $216,000.

Type # Average $ Avg DOM
Listings Past 15 Days 168 $233,414
Total Active Listings 526
Newest Contracts Written 162 $232,556 54
Sold (closed) Past 15 Days 110 $215,656 69

* 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 110 homes sold (closed) in Olathe KS were on the market an average of 69 days. If you are planning stages of buying or selling a home in the Olathe area, please contact us about starting the process. We offer expert listing services and buyer’s agent services and you can find details on our website regarding selling an Olathe Kansas home and buying an Olathe Kansas home.

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Olathe Kansas Real Estate Update – March 2011

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

After using the past 15 days of sales stats to calculate the absorption rate in Olathe KS we find there’s 8.1 months of inventory on the market. This is high but not too bad given we’re just now starting to see warmer temperatures and more home buyers scheduling showings. Also, the 101 homes that went under contract is a huge number and if we were to assume all those would close and use that figure to calculate the absorption rate, there would be closer to 4 months of inventory. That amount of inventory would actually jump from a buyer’s market to a mild seller’s market in that case.

Type

#

Average $

Avg DOM

Listings Past 15 Days

147 $246,083

Total Active Listings

881

Newest Contracts Written

101 $210,459 172

Newest Sold (Closed)

54 $210,241 192

* 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.

Months of inventory only considers inventory volume and doesn’t give consideration to actual sales prices. It’s concerning that the average home seller who listed the past 15 days hopes their home is worth around $246,000, while the average sales price was near $210,000. That’s quite a difference to say the least.

If your real estate goals involve buying or selling a home in  Olathe, we look forward to assisting you with your home purchase or sale. Our listing representation is top-notch and we have buyer’s agents who work the entire Olathe area and can represent your best interest throughout the home buying process. Please let us know whenever you have any questions about buying or selling an Olathe Kansas home.

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Olathe Kansas Real Estate Update – December 2009

Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Info for The City of Olathe KS
Recent
15 Days of Olathe Kansas Market Activity

Using the past 15 days of market stats in the chart below, the absorption rate in Olathe Kansas is currently at 8.8 months of inventory. Absorption rates consider the supply (Active listings) versus demand (average number of homes sold during a given period) in Olathe Kansas. I consider 5 to 7 months of inventory to be a neutral real estate market, so 8.8 months of inventory means Olathe KS is still very much in a Buyer’s market. The city will need to pick up the sales rate in the new year to work off 800+ homes of inventory and start stabilizing the Olathe Kansas real estate market.

Type
#
Average $
Avg DOM
Listings Past 15 Days
45
$211,714
Total Active Listings
806
Newest Contracts Written
46
$209,600 94
Newest Sold (Closed)
46
$246,308 96

* 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 you’re considering moving to, from or within Olathe KS, please let me know what area’s of Olathe interest you most. If you’re  unsure about your options, let me know more about your price range and home style preferences and I’ll email you the Olathe home communities I think best fit your needs. I can also you send a link to ALL Olathe homes that appear to fit your search parameters. As your Olathe Kansas Realtor, we’re always working for YOU.

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Olathe Kansas fact…
In 2008, Money Magazine ranked Olathe KS #11 in the Top 100 Cities To Live In The U.S.
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