Shawnee Kansas Real Estate Market – September 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 38 homes sold in Shawnee Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.6 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $260,000, while the average sales price during the same time period was around $225,000.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $259,635
Total Active Listings 271
Newest Contracts Written 40 $?212,458 60
Sold (closed) Past 15 Days 38 $225,409 81

* 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 38 homes sold in Shawnee were on the market an average of 81 days, while the 40 homes to go under contract during the same time period did so in 81 days on average. We can assist you with buying or selling a home in Shawnee Kansas, so don’t hesitate to contact The Jason Brown Group with all of your Shawnee area real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home.

Shawnee Kansas Real Estate Information

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Posted by Jason Brown

 

Shawnee Kansas Real Estate Market – May 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 46 homes sold in Shawnee Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.6 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $279,000, while the average sales price during the same time period was around $238,000.

Type # Average $ Avg DOM
Listings Past 15 Days 74 $279,218
Total Active Listings 243
Newest Contracts Written 60 $245,139 65
Sold (closed) Past 15 Days 46 $238,009 69

* 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 46 homes sold in Shawnee Kansas were on the market an average of 69 days, while the 60 homes to go under contract during the same time period did so in 65 days on average. We can assist you with buying or selling a home in Shawnee Kansas, so please contact The Jason Brown Group with all of your Shawnee Kansas real estate needs. You can also start the process by finding detailed real estate information on our site regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home.

Shawnee Kansas Real Estate Information

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Listing Agents In Shawnee Kansas

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Posted by Jason Brown

 

Shawnee Kansas Real Estate Market Update – November 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 37 homes sold in Shawnee 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 strong seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $241,000, while the average sales price during the same time period was around $243,000.

Type # Average $ Avg DOM
Listings Past 15 Days 52 $241,166
Total Active Listings 245
Newest Contracts Written 35 $240,888 67
Sold (closed) Past 15 Days 37 $242,485 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 37 homes sold in Shawnee Kansas were on the market an average of 72 days, while the last 52 homes to go under contract did so in 67 days. We assist home buyers and home sellers in Shawnee Kansas, so please contact us with any questions you have about real estate in the area. You can also find in-depth details on our website regarding selling a Shawnee Kansas home and with buying a Shawnee Kansas home.

Shawnee Kansas Real Estate Information

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Posted by Jason Brown

 

Shawnee Kansas Real Estate Market Update – August 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the volume of homes sold in Shawnee the past 15 days to calculate the city’s absorption rate, results in 3.2 months of inventory currently on the market. This amount of inventory indicates a seller’s real estate market in the city of Shawnee Kansas. Looking at the recent market activity, the average new listing the past 15 days came on the market around $271,000, while the average sales price during the same time period was nearly $242,000.

Type # Average $ Avg DOM
Listings Past 15 Days 56 $270,895
Total Active Listings 256
Newest Contracts Written 45 $216,075 89
Sold (closed) Past 15 Days 40 $241,917 78

* 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 40 homes sold in Shawnee Kansas were on the market an average of 78 days. We assist home sellers and home buyers in Shawnee Kansas, so please contact us with any questions you have about real estate in the city. You can find detailed Shawnee real estate info on our site regarding selling a Shawnee Kansas home and with buying a Shawnee Kansas home.

Shawnee Kansas Real Estate Information

Search All Shawnee Kansas MLS Listing

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Listing Agents In Shawnee Kansas

Buyer’s Agents In Shawnee Kansas

Posted by Jason Brown

 

Shawnee Kansas Real Estate Market Update – April 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Looking at the past 15 days of real estate sales activity in the city of Shawnee Kansas and comparing it to the volume of homes for sale in the city, there’s 3.9 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $246,000, while the average sales price during the same period was nearly $237,000.

Type # Average $ Avg DOM
Listings Past 15 Days 85 $246,245
Total Active Listings 251
Newest Contracts Written 74 $233,559 73
Sold (closed) Past 15 Days 32 $236,509 116

* 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 (closed) in Shawnee Kansas were on the market an an average of 116 days. We assist home buyers and home sellers with their Shawnee real estate transactions, so please contact us for assistance. If you’re in the preliminary stages, you can find detailed real estate information on our website regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home.

Shawnee Kansas Real Estate Information

Search All Shawnee Kansas MLS Listing

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Posted by Jason Brown

 

Shawnee Kansas Real Estate Market Stats – October 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Shawnee Kansas to calculate the city’s absorption rate, we find there’s 4.5 months of inventory currently on the market. This amount of inventory is considered a slight seller’s real estate market in the city of Shawnee. After many years of a buyer’s market, the Shawnee Kansas real estate market has done more than achieve a balanced real estate market, it’s actually tilted into a slight seller’s market. The last 35 homes sold (closed) in Shawnee were on the market an average of 104 days.

Type # Average $ Avg DOM
Listings Past 15 Days 49 $216,845
Total Active Listings 313
Newest Contracts Written 44 $198,588 111
Sold (closed) Past 15 Days 35 $209,880 104

* 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 $210,000 and the average priced new listing came on the market at nearly $217,000. If you are considering purchasing or selling a home the Shawnee Kansas  area, my real estate group can guide you through the real estate process. We’d look forward to assisting you and you can find details here about selling a Shawnee Kansas home and buying a Shawnee Kansas home. Please contact us with questions.

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Posted by Jason Brown

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Shawnee Kansas Real Estate Market Update – March 2012

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Shawnee Kansas
15 Day Glance At The Shawnee KS Real Estate Market

After calculating the absorption rate over the past 15 days in Shawnee Kansas, we find the city has 6.4 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but the city is getting closer to a balanced amount of inventory. During the past 15 days, 67 homes went under contract and that figure was nearly triple the volume of homes sold (closed). If we instead used the homes that went under contract to calculate the absorption rate in Shawnee Kansas, there’s just 2.3 months of inventory on the market.

Type # Average $ Avg DOM
Listings Past 15 Days 97 $231,487
Total Active Listings 309
Newest Contracts Written 67 $230,143 121
Newest Sold (Closed) 24 $195,791 170

* 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 amount of inventory across the city is much lower than it has been in recent years and less supply means higher home sale prices. If you’re making plans to buy or sell a home in Shawnee Kansas, my real estate group provides expert representation to area home buyers and home sellers. We can guide you through process and here’s info on how we assist Shawnee Kansas home sellers and Shawnee Kansas home buyers. Please contact us with any questions you may have.

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Posted by Jason Brown

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Shawnee Kansas Home Buyer’s Head Is Spinning As We Near Closing

Checking The Pulse Of The Kansas City Real Estate Market

Despite the preparation we go through to get home buyers comfortable for their real estate closing, I often see the anxiousness in many buyer’s eyes as we head towards closing. I know that with any big life decision, there’s the concern of whether something is being overlooked. When I’m preparing for a flight out-of-town, a whole lot is running through my head right until take-off. So I can certainly understand buyers being concerned about whether all the i’s are dotted and the t’s are crossed.

This doesn’t just apply to first time home buyers either. Every real estate transaction is different and it’s important that both home buyers and home sellers alike make sure their real estate closings are ready to go off without a hitch. Fortunately, real estate closings are very similar in both Kansas and Missouri. Being licensed in both states means I have to be prepared for some slight differences in how closings occur on opposite sides of the state line but, overall, most buyers hardly notice the difference.

The first thing to know about a closing is that the buyer’s lender will seemingly handle 90% of the buyer getting ready for their closing. The title company – in additional to providing a title search and guaranteeing clear title to the property – will seemingly handle 90% of the  seller getting ready for their closing. But in actuality, both the lender and the title company have to work in concert to get everything ready to go and in producing the HUD Settlement Statement. The HUD is the document where both the buyer and seller can see all the final figures of the real estate transaction neatly on one document.

If the lender doesn’t get the final loan figures to the title company until the last-minute, that keeps the title company from being able to get the HUD Settlement Statement to the seller for review at least a day prior to closing.  It’s never ideal for either a buyer or seller to be sitting at the closing table and reviewing the HUD Settlement Statement for the first time. If that does happen and there’s an error, I’ve had to sit with a client for hours while the issue is handled.

On Kansas City closings I’m involved with, the title company providing the title insurance on a property handles the vast majority of the closings on those transactions as well. Most of the rest occur at the lender’s office. All lenders could close their own loans, but most prefer to turn the closing process over to the title company. Title companies don’t mind it because it’s an additional revenue center for them. Most of them also do a very good job of going over the closing documents with both buyer and seller.

A common misconception is that the buyer and seller show up at the same place at the same time to sign the closing documents. That rarely occurs and in most cases the home buyer never even meets the home seller. The real estate agents in the transaction communicate often and help to facilitate a smooth transaction. The timing of the buyer’s and seller’s closings is also often misunderstood. The typical real estate sale contract states the closing will occur on or BEFORE the close date written into the contract. The date written in is indeed the day that 99% of home buyers will sign their documents and the deal becomes official. But sellers can – and should – go ahead and sign their closing documents a day or two early. This helps to ensure that everything is ready to go for the buyer’s closing.

Most seller’s closings are pretty simple and many take less than a half hour. Buyer’s closings usually involve a lot of loan documents and lender requirements and a can take anywhere from one to two hours to complete. Before a buyer is done with their closing, they’ll probably have signed the HUD Settlement Statement, a Warranty Deed, a Truth In Lending Statement, a Proration of property taxes agreement, a monthly mortgage payment letter, the loan Note which is the borrowers “guarantee” to pay the loan, a warranty deed, the mortgage which is what places a lien on your home and keeps you from selling it outright, and no doubt a few others documents too.


Posted by Jason A. Brown