Lenexa Kansas Real Estate Market Update – February 2014 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 13 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 6.5 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $326,000, while the average sales price during the same time period was around $246,000.

Type # Average $ Avg DOM
Listings Past 15 Days 27 $326,311
Total Active Listings 169
Newest Contracts Written 32 $277,590 93
Sold (closed) Past 15 Days 13 $245,913 47

* 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 13 homes sold in Lenexa were on the market an average of 47 days, while the last 32 homes to go under contract in Lenexa were on the market 93 days on average. We can assist you with buying or selling a home in Lenexa Kansas, so please contact The Jason Brown Group with any area real estate questions you may have. You can also start the process by finding detailed real estate information on our site regarding selling a Lenexa Kansas home and with buying a Lenexa Kansas home.

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Posted by Jason Brown

 

Seller’s Real Estate Market Remains Strong In Kansas With A 17.8% Jump In Home Sales

Checking The Pulse Of The Kansas City Real Estate Market


The most recent real estate market stats released by the Kansas Association of Realtors (covering the month of July) show a continued strengthening of the Kansas housing market. Home sales volume increased in July, while home sale prices continued to rise. Home sales were up an astounding 17.8% compared to the prior July and this follows up on last month’s 5.5% jump.

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The stats released the prior month showed Kansas was already in a seller’s market (at 4.3 months of inventory) and this month’s stats show 4.1 months of inventory on the market state-wide. The average home sales price rose 9.3% compared to July of last year and this follows up a 4.9% increase at last month’s check.

In Johnson County Kansas, a seller’s real estate market remains continues with 747 homes sold (closed) during the past month. Factored against the current volume of homes for sale in Johnson County Kansas, there’s 3.2 months of inventory on the market, which indicates a strong seller’s market.


Posted by Jason Brown

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What Is Your Kansas City Real Estate Agent Doing That Sets Them Apart From Other Agents?

Checking The Pulse Of The Kansas City Real Estate Market

There’s a common misperception that all agents are the same and that really couldn’t be more from the truth. When I look around my office I’m amazed sometimes by how DIFFERENT all of us are. I’m different in many ways from some agents and occasionally completely different than some agents. But it’s good that we’re not all the same because not all home buyers are sellers are the same.

Different buyers and sellers have different needs and personalities and it’s important that both find a “good fit” because this isn’t a relationship that ends 5 minutes later. My real estate group is constantly working to make the process easier on our clients and we provide detailed services and exceptional communication throughout the process. It’s my goal to never have a seller ask “what are you doing to market my home?” or have a buyer ask “why haven’t we heard from you the past few weeks?” Instead, we want our clients thinking “my last real estate agent didn’t do that for me!”. One of the ways we leave clients with that feeling is through our use of electronic signatures.

Electronic signatures make the signing of real estate documents take minutes rather than hours. For home buyers it can mean the difference in getting the home they want or losing it to another buyer. Once a buyer decides to make an offer, it’s often a race to get the offer together and into the listing agents hands quickly to avoid losing the home to another buyer. Nearly 50% of agents are now using electronic signatures and those who do are getting contracts processed 80% faster than the old email-print-sign-scan-email back process. So consider the services you will receive during the process, because half of agents are clearly behind the times.   


Posted by Jason Brown

Lenexa Kansas Real Estate Market Update – July 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

Looking at the past 15 days of real estate sales activity in the city of Lenexa Kansas and comparing it to the current volume of homes for sale in Lenexa, we find there’s 2.5 months of inventory in the city. 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 $283,000, while the average sales price during the same period was around $265,000.

Type # Average $ Avg DOM
Listings Past 15 Days 46 $282,988
Total Active Listings 173
Newest Contracts Written 36 $250,173 74
Sold (closed) Past 15 Days 35 $265,487 80

* 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 35 homes sold (closed) in Lenexa were on the market an average of 80 days. We can assist you with buying or selling a home in Lenexa, so please contact us with any real estate questions you may have about the area. You can also start the process by finding detailed real estate info on our website regarding selling a Lenexa Kansas home or buying a Lenexa Kansas home.

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Lenexa Kansas Real Estate Market Update – May 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

Comparing the sales rate in Lenexa Kansas the past 15 days to the volume of homes currently for sale in the city tells us there’s 2.9 months of inventory in the city. This amount of inventory indicates a solid seller’s real estate market in the city of Lenexa. The pending stats the past 15 days in Lenexa were even more impressive than the sold stats, which means a strong seller’s market is likely to continue in the coming months.

Type # Average $ Avg DOM
Listings Past 15 Days 50 $284,671
Total Active Listings 155
Newest Contracts Written 53 $275,047 64
Sold (closed) Past 15 Days 27 $224,861 75

* 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 average sales price the past 15 days in Lenexa was nearly $225,000 and the average new listing had a list price of nearly $285,000.  The last 27 homes sold (closed) in Lenexa were on the market an average of 75 days. Whether your plans involved buying or selling a home in Lenexa, we can help you through the process. Please contact us with any real estate questions you may have and find more details on our website regarding selling a Lenexa Kansas home or buying a Lenexa Kansas home.

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Posted by Jason Brown

 

Lenexa Kansas Real Estate Market Update – February 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

Looking at the past 15 days of real estate sales activity in the city of Lenexa Kansas and comparing it to the current volume of homes for sale in Lenexa, we find there’s 7.4 months of inventory in the city. This amount of inventory indicates a slight buyer’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $358,000, while the average sales price during the same period was around $201,000.

Type # Average $ Avg DOM
Listings Past 15 Days 24 $357,648
Total Active Listings 162
Newest Contracts Written 30 $269,931 96
Sold (closed) Past 15 Days 11 $200,552 124

* 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 30 homes to go under contract had a solid average sales price nearly $270,000 and went under contract in 124 days on average. Whether your plans involve buyer or selling a home in Lenexa, we can help. Please contact us with any real estate questions you may have and find more details here regarding selling a Lenexa Kansas home and with buying a Lenexa Kansas home.

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Posted by Jason Brown

 

Lenexa Kansas Real Estate Market Update – December 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 7.5 months of inventory currently on the market. This amount of inventory is considered a slight buyer’s real estate market in the city of Lenexa. The last 12 homes sold (closed) in Lenexa Kansas were on the market an average of 125 days.

Type # Average $ Avg DOM
Listings Past 15 Days 20 $248,692
Total Active Listings 181
Newest Contracts Written 18 $289,633 86
Sold (closed) Past 15 Days 12 $221,613 125

* 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 average sales price the past 15 days was nearly $222,000, while the average new listing came on the market at close to $249,000. If you are considering buying or selling a home in Lenexa Kansas, we can help you through the process. You can find more details here regarding selling a Lenexa Kansas home or here regarding buying a Lenexa Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Lenexa Kansas Real Estate Market Stats – June 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 5.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Lenexa. The average sales price of the homes sold (closed) the past 15 days in Lenexa was nearly $255,000 and the average new listing came on the market at virtually the same price.

Type # Average $ Avg DOM
Listings Past 15 Days 43 $254,898
Total Active Listings 246
Newest Contracts Written 35 $264,837 74
Sold (closed) Past 15 Days 21 $254,644 134

* 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 in Lenexa were on the market an average of 134 days, while the last 34 homes to go under contract did so in a much quicker average of 74 days. We help Lenexa Kansas home buyers and home sellers and if you’re considering purchasing or selling a home the Lenexa area, my group can provide you expert guidance through the real estate process. Get more details here regarding selling a Lenexa home or buying a Lenexa Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Lenexa Kansas Real Estate Update – November 2011

Checking The Pulse Of The Kansas City Real Estate Market

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 7.7 months of inventory currently on the market. This amount of inventory indicates a continued buyer’s market in the city of Lenexa. The months of inventory however continues to be reduced. When we checked Lenexa’s October real estate stats, there was 11 months of inventory on the market. The improvement we’ve seen is due to fewer homes being on the market today and also on a slightly higher sales rate — both promising signs for Lenexa home sellers.

Type # Average $ Avg DOM
Listings Past 15 Days 16 $228,264
Total Active Listings 246
Newest Contracts Written 18 $231,252 134
Newest Sold (Closed) 16 $219,521 130

* 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 did so in an average of 130 days on market. The average list price the past 15 days was close $228,000, while the average new listing during the same period came on the market at nearly $220,000. If you are making plans to buy or sell a home in Lenexa Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Lenexa home or with buying a Lenexa home. Please contact my group 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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More Of The Same For Kansas City Home Sellers As We Head Into Winter

Checking The Pulse Of The Kansas City Real Estate Market

The most recent stats as reported by the Kansas Association of Realtors (KAR) covers October’s real estate market across the state of Kansas.  And it was more of the same as home sales fell more than 35% in October 2010 when compared to October 2009. The actual numbers were a gross drop from 2,949 sales October last year to 1,896 sales this October. In a rare occurence, the Kansas real estate market fared worse than the national real estate market, which saw about a 26% decrease.

The months of inventory on the market has crept up to 11.2 months of inventory. Months of inventory in this case is calculated using the number of October home sales and dividing that into the 21,199 homes that were on the market at the time this report was produced. Average sales prices in October dropped 2.4% in Kansas.

Looking at our local Johnson County Kansas real estate market, we had 421 homes sold in October. This was down significantly from the 829 homes sold in October 2009. Using this October’s sale’s rate and comparing it to the 3,725 homes for sale in Johnson County, there’s 8.9 months of inventory on the market. This clearly indicates a continuation of the buyer’s market in Johnson County Kansas and surrounding areas.


Posted by Jason A. Brown

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