Shawnee Kansas real estate update ~ March 2019: Latest news on the seller’s market & Shawnee homes for sale

The Jason Brown Group

Shawnee Kansas Real Estate Update

There were 30 homes sold (closed) in Shawnee Kansas the past 15 days. Comparing that sales volume to the 134 homes currently for sale in Shawnee, the city has 2.2 months of inventory on the market. This volume of real estate inventory indicates a seller’s market in Shawnee as we head into the spring selling season. The average new listing the past 15 days in Shawnee Kansas came on the market around a $322,000 list price and the average sales price of homes closed during the same time period was nearly $257,000.

Type # Average $ Avg DOM
Listings Past 15 Days 48 $322,199
Total Active Listings 134
Newest Contracts Written 52 $308,415 67
Sold (closed) Past 15 Days 30 $256,639 42

* 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 sold in Shawnee Kansas were on the market an average of 42 days, while the most recent 52 homes to go under contract did so in 67 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 a Shawnee Kansas home.

The Jason Brown Group provides expert home seller representation, helping home sellers maximize their real estate investments by selling quickly and for top dollar. We provide expert home buyer representation, helping home buyers locate the best available homes on the market, while providing guidance all the way through the real estate process. Learn more about how we can help you with selling a Shawnee home or buying a Shawnee home.

We look forward to helping you achieve your real estate goals… Contact Jason Brown today!

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Posted by Jason Brown

Home Improvements with the Best Return On Investment for Home Sellers in Kansas City, Johnson County and the Surrounding area

The Jason Brown Group

If you are preparing to sell a home in Johnson County Kansas or the surrounding Kansas City area, home buyers will be looking closely at the condition of your home. A home with new paint and carpet and that appears priced decently can go unsold if there are other issues once a buyer looks deeper. Granite kitchen counter tops are certainly an eye catcher, but if the buyer looks up and see a leaking roof then your wonderful kitchen may not matter. Gleaming hardwood floors are an attention-getting but if a buyer sees that your furnace is at the end of its life expectancy, such differed maintenance can kill your home sale. So when preparing your home for sale, don’t just be focused on the cosmetic items, also look closely for any mechanical or structural issues that will turn buyers away.

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Cosmetic and remodeling projects are great but sellers usually see the largest return on investment when they focus repairs on the core mechanical and structural items in their home. Buyers love an updated kitchen, remodeled bath and fresh paint and carpet, but they’re looking just as hard for major issues, such as window or siding issues… And they’re more likely to walk away from your home due to an old roof than due to old paint. The latest home improvement trends indicate several home improvements that stand out for their return on investment. One is kitchen updating, which nets sellers 94% on their return on investment. The second is siding repair. Knowing a home is weather-tight is a major concern for home buyers and that’s why home sellers recoup 93% of the money spent making siding repairs.

The best return on investment of all, and the only one that returns more than 100% on your investment is, wait for it… re-insulating your attic. Today’s buyers are conscious of utility costs and re-insulating an attic is of value to every home buyer — which is why it nets home sellers a 108% return on their investment. Other great improvements include roof replacement and window replacement, if either are at the end of their life expectancy — both return 80% on investment. Curb appeal is also important and because you never get a second chance at a first impression, replacing front doors and garage doors have a solid return on investment. Because home buyers will be looking for a home that’s in good cosmetic, mechanical and structural condition, you’ll want to be sure you don’t overlook any of these of areas when preparing your home for sale.

Start The Home Selling Process Here!

Posted by Jason Brown

 

Johnson County Kansas Home Sellers Continue Gaining Leverage As Elections Loom

Checking The Pulse Of The Kansas City Real Estate Market

In the Johnson County Kansas real estate market, housing prices stabilized during the spring and summer months and that trend has continued into the fall. We’ve clearly gone from a market that buyers controlled to a more even playing field. The majority of buyers and sellers we sit down already have a good understanding of the current market the first time we sit down with them. In many cases, buyers have half the choices they had just a year ago. In other cases, home sellers are arching their backs and, generally, we’re seeing home buyers paying more than they were a year ago to get the home they want. 

Though home buyers are still in a position of strength overall, many are surprised they don’t rule the market. That’s understandable after the buyer’s market we experienced for much of the past five years. The market is clearly not what it was even 12 months ago, much less several years ago, and with no glut of homes for sale in Johnson County Kansas, the stabilization of home prices could quickly turn into rising home prices.  

The National Association of Realtors has reported 15 consecutive months of year-over-year gains in volume of sales nationally. Locally, the market has remained solid, with strong homes sales and a reasonable amount of inventory hitting the market each month. If we avoid a sudden high volume of new listings hitting the market this fall, we should be in solid shape heading into winter. Of course, the upcoming elections will surely go a long way towards determining where our local real estate market are come spring-time.


Posted by Jason Brown

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