Olathe Kansas Real Estate Market Update – December 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 69 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.5 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 $237,000, while the average sales price during the same time period was around $257,000.

Type # Average $ Avg DOM
Listings Past 15 Days 61 $237,281
Total Active Listings 480
Newest Contracts Written 66 $230,380 71
Sold (closed) Past 15 Days 69 $256,712 72

* 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 69 homes sold in Olathe Kansas were on the market an average of 72 days and the last 66 homes to go under contract did so in a similar 71 days. We can assist you with buying or selling a home in Olathe Kansas, so please contact us with any questions you have about real estate in the area. You can also find detailed real estate information on our website regarding selling an Olathe Kansas home or buying an Olathe Kansas home.

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Posted by Jason Brown

 

Olathe Kansas Real Estate Market Stats – July 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Olathe Kansas to calculate the city’s absorption rate, we find there’s 3.1 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Olathe. These stats show there’s been no slow down in the brisk pace of home buyers eating up the standing inventory. The stable demand for homes is music to Olathe home sellers ears. Just as impressive, the average sales price the past 15 days exceeded the average new listing price.

Type # Average $ Avg DOM
Listings Past 15 Days 133 $217,517
Total Active Listings 704
Newest Contracts Written 124 $226,291 123
Sold (closed) Past 15 Days 112 $226,615 129

* 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 number of homes that went under contract this past week was also impressive with another 124 homes removed from the available inventory. We help Olathe KS home buyers and home sellers and if you’re considering purchasing or selling a home the Olathe area, my group can provide you expert guidance through your real estate transaction. Get details regarding selling an Olathe Kansas home and with buying an Olathe Kansas homeContact us with any real estate questions you may have.

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Posted by Jason Brown

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Olathe Kansas Real Estate Market Update – April 2012

Checking The Pulse Of The Kansas City Real Estate Market

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 5.3 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market. The average sales price the past 15 days in Olathe was $192,527 and the average new listing to hit the market was priced at $244,922.

Type # Average $ Avg DOM
Listings Past 15 Days 155 $244,922
Total Active Listings 729
Newest Contracts Written 120 $208,004 129
Newest Sold (Closed) 69 $192,527 119

* 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 69 homes sold in Olathe Kansas took an average of 119 days to do so and 120 homes went under contract in the past 15 days alone. If you are making plans to buy or sell a home in the Olathe Kansas area, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Olathe area home or with buying an Olathe area home. Please contact us with any questions you may have about real estate in Olathe KS.

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Posted by Jason Brown

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Olathe Kansas Real Estate Market Update – March 2012

Checking The Pulse Of The Kansas City Real Estate Market

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 7.25 months of inventory currently on the market. This amount of inventory indicates a buyer’s market in the Olathe Kansas area. But take a look at the high volume (134) of homes that went under contract during the same 15 day period. If we recalculate the absorption rate in Olathe using that figure (making the assumption that all of them will close), there’s 2.7 months of inventory on the market in Olathe. That’s an incredible trend for Olathe home sellers, who no doubt will be hoping those homes make it to closing.

Type # Average $ Avg DOM
Listings Past 15 Days 152 $232,523
Total Active Listings 725
Newest Contracts Written 134 $208,678 101
Newest Sold (Closed) 50 $196,669 151

* 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 50 homes sold (closed) in Olathe took an average of 151 days to sell, while the last 134 homes to go under contract did so in a much quicker 101 days. If you’re making plans to buy or sell a home in Olathe Kansas, we can guide you through the process. Here’s information on how we can assist you with selling your Olathe KS home or with buying an Olathe KS home. Please contact my real estate group with any questions you may have about buying or selling a home in Olathe Kansas or the surrounding area.

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Posted by Jason Brown

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