Shawnee Kansas real estate update for December 2015… View the Seller’s market breakdown & Shawnee homes for sale

The Jason Brown Group

Shawnee KS Real Estate Update

There were 34 homes sold (closed) in Shawnee Kansas the past 15 days. Comparing this sales rate to the current 194 homes for sale in Shawnee, the city has 2.9 months of inventory on the market. This volume of real estate inventory indicates a seller’s real estate market in Shawnee. The average new listing the past 15 days in Shawnee Kansas came on the market around a $257,000 list price, while the average sales price during the same time frame was nearly $273,000.

Type # Average $ Avg DOM
Listings Past 15 Days 38 $256,950
Total Active Listings 194
Newest Contracts Written 29 $236,531 67
Sold (closed) Past 15 Days 34 $272,776 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 34 homes sold in Shawnee Kansas were on the market an average of 81 days, while the last 29 homes to go under contract did so in 67 days on average. We can help you further assess these Shawnee Kansas market stats and we looking forward to assisting you with buying or selling a Shawnee home.

We give Shawnee Kansas home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Shawnee home buyer’s best interests throughout the home buying process and help with locating all the possible area homes that fit our buyer’s needs. Get detailed information on our site regarding selling a Shawnee Kansas home or buying a Shawnee Kansas home and contact us when it’s time to start the real estate process.

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Shawnee Kansas Real Estate Market Update – December 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 23 homes sold in Shawnee the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.9 months of inventory on the market. This amount of inventory indicates a slight seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $210,000, while the average sales price during the same time period was around $242,000.

Type # Average $ Avg DOM
Listings Past 15 Days 31 $210,212
Total Active Listings 223
Newest Contracts Written 19 $237,986 56
Sold (closed) Past 15 Days 23 $241,870 63

* 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 23 homes sold in Shawnee Kansas were on the market an average of 63 days, while the last 19 homes to go under contract did so in average of 56 days. We can help you with buying or selling a home in Shawnee or the surrounding area, so please contact us with any questions you have about Shawnee Kansas real estate. 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.

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Important Effects Of The Fiscal Cliff Deal On The Kansas City Real Estate Market

Checking The Pulse Of The Kansas City Real Estate Market

2012 was a much improved year for the Kansas City real estate market. Even through the slower fall months, supply, demand and housing prices remained steady and the housing market continued its rebound. The months of inventory on the market in most local areas was at the lowest points seen in years. All together, home prices in most price ranges had stabilized and that’s been music to many weary home seller’s ears. But all of that was threatened by the Fiscal Cliff and if a deal hadn’t been struck by Congress the housing market could have quickly fallen into turmoil.

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A critical factor in the Fiscal Cliff deal is the extension of the tax relief offered to Short Sale home sellers. For at least the next year, sellers who achieve a successful Short Sale with their lender will continue to NOT have to treat the forgiven debt as taxable income. This is huge because without it a lot of sellers would have lost motivation to try to work out a short sale… And that would have meant a whole lot more foreclosures on the market and ultimately lower sales prices in most areas.

Just as importantly, the mortgage interest deduction for homeowners will continue untouched. The mortgage interest deduction is one of the most important factors in owning a home versus renting, so this part of the legislation was extremely critical. All together, the Fiscal Cliff deal will help prevent an influx of new listings on the market and thus allow the real estate market to (hopefully) continue on the path of recovery.


Posted by Jason Brown

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Foreclosure Evictions Postponed By Major Players During The Holiday Season

Checking The Pulse Of The Kansas City Real Estate Market

Delaying foreclosures on someone who’s stopped making their mortgage payments comes to the disdain of many homeowners who continue to meet their financial obligations during tough times. The whole foreclosure mess is frustrating to tax payers who feel they’re footing the bill in many cases, while a neighbor continues to live in their home for “free” while awaiting completion of the foreclosure process. Yet when looked at more closely, this has merit and is clearly the compassionate thing to do, since it gives families a chance to get through the holiday season.

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It doesn’t stop the banks from taking all the other steps they go through to keep the foreclosure process moving along — it just temporarily stops the sheriff from showing up at the door and evicting people from the home. From what I’ve read to this point, Freddie Mac, Fannie Mae and Bank of America – three of the major financial institutions involved in today’s foreclosures – have all halted foreclosures for approximately two weeks beginning this week.


Posted by Jason Brown

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Pre-Inspections Could Cause Kansas City Home Sellers To Face Double Jeopardy

Checking The Pulse Of The Kansas City Real Estate Market

I’ve debated other Kansas City real estate agents over the years about whether pre-inspecting a home is a good idea for home sellers. There’s a few agents who agree that there’s more downside than upside to pre-inspecting but the majority of agents are quick to recommend pre-inspections to their home sellers. One of the main benefits to pre-inspections are they provide home buyers reassurance in the home. Another reason home sellers might pre-inspect is to give themselves ample time to address inspection items that may come up — before a buyer gets involved and possibly tries to dictate the repair process. These sound like very decent reasons to pre-inspect but you’ve also got to consider the downside of facing double jeopardy of sorts when it comes the home inspection process.

I certainly don’t recall any home buyer ever choosing a particular home simply because it had been pre-inspected. You can bet that, whether or not a home has been pre-inspected, a home buyer is going to hire their own home inspector to look things over once the home goes under contract. Doing a pre-inspection will cost a home seller several hundred dollars and the seller is then required by law to disclose ALL material defects in the report to future buyers. In most cases, a home buyer is going to expect a seller to have addressed all critical items in the pre-inspection report. Then the buyer is going to do their own home inspection and the seller is going to get to go through the repair process once again after the buyer’s home inspector pours over the home.


Posted by Jason Brown

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Check Your Credit Score Today If You Want To Buy A Kansas City Home In The Future

Checking The Pulse Of The Kansas City Real Estate Market

It’s often the last thing on a home buyer’s mind yet credit scores are a powerful aspect of buying a Kansas City home. I’ve seen borrowers with a 20% down payment and buying WELL below their means get turned down for a home loan because their credit scores stink… And if you think you can quickly fix issues with your credit, think again because I’ve never seen someone “fix” their credit score in just a couple of weeks time. It can take months to deal with errors and longer to deal with legitimate issues that have pushed a credit score down.


Being late on your monthly payments can kill a credit score and consider that credit scores are as much about a borrower’s responsibility as it is about their ability to make the payments.  A person who barely gets by but always makes their payments on time will surely have a better credit score than someone who makes twice as much but is often late with their payments. You can check out how your credit report is looking by getting a free, once-a-year, credit report check at  AnnualCreditScore.com

The formula for credit scores is more of an ancient Chinese secret than how Mr. Li got those shirts so clean in those 1970’s commercials, but the following are some frequent common denominators of people with 800 credit scores… 4 revolving accounts such as credit cards, 2 installment loans like a home loan or car loan, at least one active credit account that’s 10+ years old, having no revolving accounts that are more than 1/3 maxed out, not having a single late payment on any account the past 5 years and having less than 5 inquiries against your credit during the past year.


Posted by Jason Brown

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Shawnee Kansas Real Estate Update – June 2011

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 6.2 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but this is as close to a stable real estate as we’ve seen in Shawnee in some time. The average price of the new listings the past 15 days was also very close to the average sales prices during the same period. So Shawnee Kansas home sellers appear to be pricing their homes realistically for current market conditions.

Type # Average $ Avg DOM
Listings Past 15 Days 64 $217,390
Total Active Listings 468
Newest Contracts Written 35 $195,614 94
Newest Sold (Closed) 38 $211,632 184

* 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 that went under contract in the city of Shawnee did so in 94 days and that’s a promising trend. If you’re making plans to buy or sell a home in Shawnee Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Shawnee Kansas home or with buying a Shawnee Kansas home. Please contact us 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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Do Realtor Designations Really Mean All That Much?

Checking The Pulse Of The Kansas City Real Estate Market

I’ve never found Realtor designations to be of much importance.  When I first got into the business back in the early 1990’s, I “earned” a couple of designations. It wasn’t a memorable experience however. One thing I do remember about getting those designations was how they didn’t really make me feel I was all the sudden a much better Kansas City real estate agent. From that point forward I swore off Realtor designations.

Well, I did earn one more designation that year. It was the School of Hard Knocks designation and that one was well-earned. But even that designation isn’t being flaunted on my business card or web site. I’ve never considered going and getting a bunch of designations so I could bring them up during a listing presentation or at an initial buyer consultation.  Clients never asked me about them and I concluded they had little redeeming value.

Yet to this day many agents swear by them. I’ve heard enough good things to make me think the E-Pro designation could provide a good value proposition to many agents. But since I’m already a leading online Realtor and teach classes on having an online presence, I’m sure it would prove remedial to me. This is reinforced by many agents I know who have the E-Pro designation not having a great grasp on how to implement the tools that will put their buyers and sellers at an advantage in their real estate transactions. So please pardon me if I’m skeptical.

I don’t want to completely discount designations though. Any education that an agent receives in getting a designation is beneficial. I’ve also heard that the GRI is a long process and that must mean there’s some real learning going on there. Some agents won’t send a referral to an agent without the CRS designation. If that’s true I’ve no doubt lost some referral opportunities. But the majority of the others aren’t much more than a several hundred-dollar check and a pre-printed designation handed at the conclusion of the class.

The SHK designation I previously mentioned is what I’d be looking for if I need an agent in another state to help me purchase a vacation home.  That means experience folks. Let me ask you this… Would you prefer your pilot to have graduated middle of the class but have years of experience or would you prefer a pilot who graduated at the top of their class but is making their maiden flight?

Experience is the key to helping clients buy and sell real estate. If you’re new to the business and lack experience, you have to try to make up for it with effort and persistence, until you have the experience. When a new potential client wants to find out whether I know what I’m doing, they ask about my experience – not about what designations I have. They also want to know I care about their success and that I’m creative and cutting edge in helping them accomplish their goals. They don’t want to know how much I’ve spent on trendy designations.


Posted by Jason A. Brown

Shawnee Kansas Real Estate Update – May 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Shawnee Kansas
Recent
15 Days of Shawnee KS Market Activity

Looking over the past 15 days of Shawnee Kansas real estate market stats to figure the city’s absorption rate, there’s 4.4 months of inventory. This is not bad at all and Shawnee has posted back-to-back reasonable reports. The inventory is clearly being worked off at a decent rate though it should be noted trouble could be on the horizon. I’m concerned about having just 25 homes go under contract over the past 15 days. At that rate, there’s closer to 8 months of inventory on the market.

Type
#
Average $
Avg DOM
Listings Past 15 Days
60 $225,852
Total Active Listings
407
Newest Contracts Written
25 $255,922 84
Newest Sold (Closed)
46 $207,469 119

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

As with other local cities, we are still facing the problem of sellers believing there homes are worth more ($225,852) than homes are selling for ($207,469) the past 15 days. There’s a pleasant surprise in that the average priced home to go under contract the past 15 days was $255,922.

Shawnee Kansas is a popular Kansas City suburb located in Johnson County Kansas. If you’re considering selling or buying a Shawnee KS home, we’ll get you the market stats specific to your preferred area. We’ll help you make an informed real estate decision, so please let us know whenever you have questions or need community-specific market stats.

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Posted by Jason A. Brown