Shawnee KS real estate market update ~ July 2019: View Shawnee home trends

The Jason Brown Group

Shawnee Kansas Real Estate Update

There were 70 homes sold (closed) in Shawnee Kansas the past 15 days. Comparing that sales volume to the 152 homes currently for sale in Shawnee, the city has 1.3 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s market in Shawnee and a shortage of inventory to meet home buyer demand in the area. The average new listing the past 15 days in Shawnee Kansas came on the market around a $300,000 list price and the average sales price of homes closed during the same time period was nearly $309,000.

Type # Average $ Avg DOM
Listings Past 15 Days 62 $299,585
Total Active Listings 152
Newest Contracts Written 57 $309,524 26
Sold (closed) Past 15 Days 70 $308,949 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 70 homes sold in Shawnee Kansas were on the market an average of 65 days, while the most recent 57 homes to go under contract did so in 26 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

View Bank Owned FORECLOSURE Listings In Johnson County Kansas

Checking The Pulse Of The Kansas City Real Estate Market

If you’re looking for deals in Johnson County Kansas, it’s a good idea to start with the foreclosure listings in Overland Park, Lenexa, Olathe, Leawood, Shawnee and the surrounding Johnson County Kansas area. While the volume of foreclosures has decreased greatly since it’s peak a few years ago, there’s still many great deals hitting the market. Click the following link to start searching foreclosure deals in Johnson County KS…

FORECLOSURE LISTINGS In Johnson County KS

Buying a home in Johnson County KS, Overland Park, Olathe, Lenexa, Leawood, Shawnee or in the surrounding Kansas City area? Check out our BUYER’S AGENTS section to learn how we can assist you!

Selling a home in Johnson County KS, Overland Park, Olathe, Lenexa, Leawood, Shawnee or the surrounding Kansas City area? Check out our LISTING AGENTS section to learn how we can assist you!

Search Other Kansas City Area Homes For Sale

PRICE REDUCTIONS In Johnson County KS

NEWEST Real Estate Listings In Johnson County KS

Search Homes By SCHOOLS In Johnson County KS

View All JOHNSON COUNTY KS Homes For Sale

View All OVERLAND PARK KS Homes For Sale

View All OLATHE KS Homes For Sale

View All LEAWOOD KS Homes For Sale

View All SHAWNEE KS Homes For Sale

View All LENEXA KS Homes For Sale


Posted by Jason Brown

Have A Plan In Place Before Trying To Buy A Kansas City Foreclosure Listing

Checking The Pulse Of The Kansas City Real Estate Market

Probably 1/10 of buyers who contact us to start a home search want to first explore bank-owned foreclosure listings. This can be a great idea for home buyers who are willing to make repairs and work to create quick equity in their real estate investments. The extent of repairs needed varies greatly from one bank-owned property to the next. Some need just minor cosmetic updating, while others need major structural repairs to get the home up to speed after closing.

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Unfortunately some foreclosure listings won’t pass the appraisal process and thus can’t be purchased through traditional financing methods. If a home has major issues, such as the roof is shot or it has major foundation cracks, those items are sure to be noted on the appraisal. And that would likely cause the buyer’s lender to shoot down making the loan. Most banks won’t make any repairs (even minor items) nor will they allow a buyer to go into a home and make the repairs (even at their own expense) prior to closing, so be cautious. If a home looks like it needs major repairs and you’re only approved for typical conventional or FHA financing, you’ll probably want to steer clear of that particular home.

There are many foreclosure listings out there that will need a buyer who can either pay cash or who has creative financing lined up, possibly a FHA 203K loan (that allows for repairs to be financed into the buyer’s loan) or maybe a line of credit established. These types of financing aren’t mainstream options but are methods that could help a buyer move forward with purchasing a home that needs significant repairs. Also consider that many lenders won’t accept any type of FHA financing. In those cases the buyer must be prepared to pay cash or have conventional financing (minimum 5% down payment) in place.

So before starting the search for a foreclosure listing, just be sure you consider the many different possibilities you might encounter on a bank-owned property, such as… You might need to purchase the property with cash… You might need to have conventional financing in place… You might need to have a FHA 203K loan place… You might have to view many homes to find one that fits both your needs and threshold for repairs… History shows you are likely to shelve the idea of buying a foreclosure and end up purchasing a traditional resale that doesn’t come with the hassles and hurdles that many foreclosure listings require. 


Posted by Jason Brown

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Search Foreclosure Listings In Kansas City, Johnson County KS, Overland Park And The Surrounding Area

Checking The Pulse Of The Kansas City Real Estate Market

Are you looking for foreclosure listings in Kansas City or Johnson County Kansas? We have a search tool that allows you to search JUST the foreclosure listings in the area. You can search by city, subdivision, price range, school district… you name it. Once you’ve exhausted all the foreclosure listings, the system will also allow you to search typical resale homes in the area you desire.


Keep in mind that most foreclosure listings will need a lot of work. Many have been neglected for a long time and will have a ton of deferred maintenance and repairs needed. Almost all foreclosure listings need some updating, many of them in need of a complete overhaul of the paint, carpet, plumbing fixtures, light fixtures, etc. Despite this, there’s some great deals out there if you’re willing to fix up a home and you might find yourself a diamond in the rough. To start searching all of the area foreclosure listings, click this link…

SEARCH KANSAS CITY AND JOHNSON COUNTY KS FORECLOSURE LISTINGS


Posted by Jason Brown

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