Lenexa Kansas Real Estate Market Update – December 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 21 homes sold in Lenexa the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.4 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $270,000, while the average sales price during the same time period was around $237,000.

Type # Average $ Avg DOM
Listings Past 15 Days 15 $269,862
Total Active Listings 183
Newest Contracts Written 21 $244,596 74
Sold (closed) Past 15 Days 21 $236,615 67

* 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 21 homes sold (closed) in Lenexa were on the market an average of 67 days, while the last 21 homes to go under contract did so in 74 days on average. We can assist you with buying or selling a home in Lenexa and the surrounding area, so please contact us with any questions you have about real estate in the area. You can also start the process by finding detailed real estate information on our site regarding selling a Lenexa Kansas home or buying a Lenexa Kansas home.

Lenexa Kansas Real Estate Information

Search All Lenexa Kansas MLS Listing

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Listing Agents In Lenexa Kansas

Buyer’s Agents In Lenexa Kansas

Posted by Jason Brown

 

Lenexa Kansas Real Estate Market Update – August 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 32 homes sold in Lenexa Kansas 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 Lenexa. The average new listing the past 15 days came on the market around $222,000, while the average sales price during the same time period was around $266,000.

Type # Average $ Avg DOM
Listings Past 15 Days 42 $221,772
Total Active Listings 209
Newest Contracts Written 39 $247,816 72
Sold (closed) Past 15 Days 32 $265,893 85

* 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 32 homes sold in Lenexa were on the market an average of 85 days. We can assist you with buying or selling a home in Lenexa, so please contact us with any questions you have regarding Lenexa Kansas real estate. If you’re in the early stages of the process, you can find detailed real estate information on our site regarding selling a Lenexa Kansas home or buying a Lenexa Kansas home.

Lenexa Kansas Real Estate Information

Search All Lenexa Kansas MLS Listing

View More Local Market Stats

Listing Agents In Lenexa Kansas

Buyer’s Agents In Lenexa Kansas

Posted by Jason Brown

 

Continued Improvement In Real Estate Market Has Nearly Pushed State Of Kansas Into A Seller’s Market

Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtors stats (for the month of March) indicate a strengthening real estate market in the state of Kansas. The volume of home sales continue to rise and with that trend average sales prices are trending higher as well. Overall in Kansas, home sales increased another 4.1% in March, compared to March 2011 market stats. This follows a 3.4% increase at last months check.

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The state has moved back into a balanced real estate market with 5.3 months of inventory on the market. If next months stats show any further improvement, Kansas is likely to move into a seller’s real estate market. The 5.3 months of inventory is a huge reduction over the 7.4 months inventory last month. The rise in home sale prices was even more impressive, with average sales price rising a massive 9% compared to March of last year. This improvement follows up last months even larger 10% increase. 

Locally in the Johnson County Kansas area, the real estate market continues to favor home sellers. Over the past month there were 725 homes sold (closed) and comparing this sales rate against the current volume of homes for sale, it calculates to 2.9 months of inventory on the market. This is an improvement over last month’s already seller dominant 3.1 months of inventory.


Posted by Jason Brown

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I Love Working Hard With No Guarantee That I’ll Ever Get Paid — Really, I Do

Checking The Pulse Of The Kansas City Real Estate Market

I’ve got to be in the craziest profession of them all. Strictly commission based in a business where the company never even asked to see my diploma from the University of Kansas. Although the diploma didn’t end up playing a pivotal role, at least I got to play a lot of pickup basketball with some of the great KU basketball players from 1989 to 1992. Once I left college I jumped right into real estate and have since been a partner in the development of many Kansas City area home communities. For the last five years however, I’ve focused strictly on representing buyers in sellers with their Kansas City real estate needs.

For those who don’t know much about the industry, real estate agents are 100% commission based – or at least all of them I know are. There’s no base salary or draws against future income like you’ll find in sale’s positions in the insurance industry, automotive industry, etc.  But I’m not crying the blues. Though the risk is undeniable, the rewards can be many. Still, without any guarantee that there will be any check waiting for you on Friday, real estate agents must have a plan that serves their clients well if they’re to survive in this business.

I’ve read many times over how easy it is to be a real estate agent. But the truth is that it’s not easy at all. There’s so much that goes into this business if an agent is truly looking out for their client’s best interests. No it’s not hard to get licensed and it’s not too difficult to keep up with the continuing education. But for many it’s hard to remain disciplined, focused, and put in the time necessary on a daily basis to get their sellers homes sold, ensure their buyers are receiving expert guidance while all the while creating a stream of future business.

Returning messages in a timely fashion, staying organized, marketing my listings, keeping an eye out for homes that meet my buyer’s needs, following up on my client’s transactions, providing detailed market info and everything in between is what I do on a daily basis. I’m in my office at 7 am nearly every day and that’s not something you’ll get out of most agents. I’m not knocking agents who don’t come in early, but getting into the office early helps ensure there’s enough time to get the necessary business done. Buyers and sellers are counting on their real estate agent to get them the best deal and  if an agent is always rushed, there’s no way that’s happening.

Much of the time, Kansas City home buyers and sellers don’t see the subtle things a good agent has done to bring them success. But, in the end my clients know that I took care of the little things along the way. Brokers and agents certainly go out on a daily basis and assume liability and risk with no guarantee of ever getting paid. But the successful days make up for all those days spent working with buyers who never bought, sellers that stuck to the list price despite feedback the home was over-priced, and other deals that fell apart when the buyer lost their job, the appraiser decided the home wasn’t worth what the buyer was willing pay, the lender decided to run the buyer’s credit after issuing a pre-approval letter, and so on and so forth.

Posted by Jason A. Brown

Lenexa Kansas Real Estate Update – August 2009

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


City of Lenexa Kansas Real Estate Update
Past 15 Days of Lenexa KS KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
51 $257,589
Total Active Listings
351
Newest Contracts Written
32 $259,014 67
Newest Sold (Closed)
20 $251,250 112

* 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.

Lenexa Kansas Real Estate

Lenexa Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Lenexa Kansas, there’s currently 8.8 months of inventory on the market.  It’s clearly still a buyer’s market in Lenexa Kansas and with more than twice as many homes listed (51) as sold (20) over the past 15 days, there’s more inventory now on the market for buyers to consider.

Looking at 15 days of market stats is a small snap shot of Lenexa Kansas real estate activity. Market conditions vary greatly from one subdivision to another, so don’t take these Lenexa Kansas statistics to be indicative of all communities in the city. If you are considering buying or selling a home in Lenexa, I’d look forward to assisting you. I live in Western Lenexa and would look forward to assisting you in moving to or from the area.

View Past Lenexa Kansas Real Estate Stats

Lenexa Kansas Buyer’s Agents

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View All Lenexa Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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