Shawnee Kansas real estate update for January 2016… View the Seller’s market breakdown & Shawnee homes for sale

The Jason Brown Group

Shawnee KS Real Estate Update

There were 61 homes sold (closed) in Shawnee Kansas the past 15 days. Comparing this sales rate to the current 176 homes for sale in Shawnee, the city has 1.44 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Shawnee. The average new listing the past 15 days in Shawnee Kansas came on the market around a $311,000 list price, while the average sales price during the same time frame was nearly $258,000.

Type # Average $ Avg DOM
Listings Past 15 Days 47 $310,538
Total Active Listings 176
Newest Contracts Written 54 $278,710 71
Sold (closed) Past 15 Days 61 $258,110 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 61 homes sold in Shawnee Kansas were on the market an average of 78 days, while the last 54 homes to go under contract did so in 71 days on average. We can help you further assess these Shawnee real estate market stats and we look forward to assisting you with buying or selling a Shawnee home.

We give Shawnee 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 – July 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 47 homes sold in Shawnee Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.7 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 $245,000, while the average sales price during the same time period was around $217,000.

Type # Average $ Avg DOM
Listings Past 15 Days 67 $244,612
Total Active Listings 252
Newest Contracts Written 65 $228,315 67
Sold (closed) Past 15 Days 47 $217,023 77

* 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 47 homes sold in Shawnee Kansas were on the market an average of 77 days, while the 65 homes to go under contract during the same time period did so in 67 days on average. We can assist you with buying or selling a home in Shawnee, so please contact The Jason Brown Group with all of your Shawnee Kansas 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.

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Shawnee Kansas Real Estate Market Update – January 2014 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 20 homes sold in Shawnee Kansas 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 $250,000, while the average sales price during the same time period was around $217,000.

Type # Average $ Avg DOM
Listings Past 15 Days 42 $250,005
Total Active Listings 195
Newest Contracts Written 45 $234,832 93
Sold (closed) Past 15 Days 20 $216,938 114

* 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 20 homes sold in Shawnee Kansas were on the market an average of 114 days, while the last 45 homes to go under contract did so in an average of 93 days. We can help you with the purchase or sale of a home in the city of Shawnee or the surrounding area, so please contact us with any questions you have about real estate in the area. You can also start the process by finding detailed real estate information on our site regarding selling a Shawnee Kansas home and with buying a Shawnee Kansas home.

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Johnson County Kansas Has Dipped Down To Just 2.1 Months Of Home Inventory On The Market

Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtors stats (for the month of April) indicates further strengthening of the state-wide real estate market. Home sales volume continue to rise, as does resulting home sale prices. During the month of April in Kansas, homes sales increased 7.8% compared to April of last year. This follows up the previous months 4.1 increase.

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At last months check, the state was also in a balanced real estate market but nearing a seller’s market (with 5.3 months of inventory). This month there is 5.2 months of inventory on the market and thus another small step towards a seller’s market. The rise in home sale prices was more impressive than the increase in volume of home sales, with average sales price rising an incredible 13.7% compared to April of last year. This follows up last months 9.0% increase in sale prices in Kansas. 

Locally in the Johnson County Kansas area, the real estate market continues to heavily favor home sellers. Over the past month there were 1,132 homes sold (closed) and comparing this sales rate against the current volume of homes for sale, it calculates to just 2.1 months of inventory on the market. This is an improvement over last month’s already seller dominant 2.9 months of inventory. Johnson County Kansas clearly remains in a strong seller’s real estate market.


Posted by Jason Brown

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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 Stats – August 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 3.7 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Shawnee. This is a continuation of the much improved real estate market we’ve seen this year in Shawnee. The average sales price the past 15 days was nearly $230,000, while the average new listing came on the market at just over $244,000.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $244,059
Total Active Listings 323
Newest Contracts Written 52 $222,956 84
Sold (closed) Past 15 Days 44 $229,921 104

* 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 last 44 homes sold in Shawnee Kansas were on the market an average of 104 days. We provide expert listing services and have buyer’s agents to assist you with achieving your real estate goals. Get more details here regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home. If you have any real estate questions, please contact us for assistance.

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Posted by Jason Brown

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Shawnee Kansas Real Estate Market Update – January 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 12.1 months of inventory currently on the market. This amount of inventory represents a buyer’s market in Shawnee Kansas. Slow sales (closings) are to be expected at this time of year, since most of the home closings will reflect contracts written during the holiday season. An interesting aspect of these stats is the 39 homes that went under contract the past 15 days. That’s a huge number for the city of Shawnee. If we were to use that sales rate (assuming all of them will close) to recalculate the months of inventory on the market in Shawnee, it would be a much improved 4.1 months of inventory on the market.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $230,371
Total Active Listings 315
Newest Contracts Written 39 $171,694 182
Newest Sold (Closed) 13 $168,572 109

* 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 $168,572, while the average price of the new listings to hit the market was $230,371. If you are 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 KS home or with buying a Shawnee KS area 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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Shawnee Kansas Real Estate Market Update – December 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 19.6 months of inventory currently on the market. The low number of homes sold (closed) the past 15 days is the main cause for the high volume of inventory. The sales rate will need to improve from the 9 sales in 15 days that we just experienced if we are to eat quicker into the 353 homes for sale in Shawnee. The Thanksgiving holiday didn’t help, with 13 homes went under contract during the past 15 days.

Type # Average $ Avg DOM
Listings Past 15 Days 16 $194,159
Total Active Listings 353
Newest Contracts Written 13 $163,508 82
Newest Sold (Closed) 9 $190,970 165

* 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 new listing came on the market at just over $194,000, which was in line with average sales prices during the same 15 day period. If you are making plans to buy or sell a home in Shawnee Kansas, The Jason Brown Group shares the market stats that will put you at an advantage in your real estate transaction. Here’s information on how we can assist you with selling your Shawnee KS home or with buying a Shawnee KS home. Please contact us with any questions you have and we look forward to assisting you.

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Posted by Jason Brown

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Shawnee Kansas Real Estate Update – September 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

Taking the absorption rate over the past 15 days in Shawnee Kansas into account, there’s currently 11.2 months of inventory on the market. This is high and a pace of 40 sales per month city-wide just isn’t eating quickly enough into the nearly 450 homes currently for sale quick in Shawnee. Of further concern is it took 140 days on average for those 20 homes to sell and close.

Type

#

Average $

Avg DOM

Listings Past 15 Days

56 $260,154

Total Active Listings

447

Newest Contracts Written

26 $203,985 79

Newest Sold (Closed)

20 $231,689 140

* 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.

26 homes went under contract and the average sales price of about $204,000 was much lower than the $260,000 average figure of the seller’s homes that came on the market over the same period. If selling or buying a home in Shawnee Kansas is in your future, you’ll want to be sure you factor these stats into your real estate decision. Please let me know your specific real estate goals and I look forward to assisting you through the real estate process.

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Posted by Jason A. Brown

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That Earnest Money Deposit Is No Guarantee Your Olathe Kansas Home Will Close

Checking The Pulse Of The Kansas City Real Estate Market

Let’s begin by discussing what an Earnest Deposit Money is not. When selling your home, it’s not any guarantee that a buyer won’t cancel the contract on you. If a buyer does cancel the contract, it’s no guarantee that you’ll get to keep the earnest money. You MIGHT get to keep it, but in almost all cases where a contract is canceled, I see the earnest money returned to the home buyer.

Last week I was presenting an offer to an Olathe Kansas home seller and they said they wanted to ask the buyer for a larger earnest money deposit, since they’d get to keep that money if the buyer canceled. I explained we could ask for a larger earnest money deposit, but no matter the amount, it’s no guarantee the seller would get to keep the money if the buyer cancels the contract. The Financing Addendum would allow the buyer to cancel and get their earnest money back if they can’t get the loan due to a job loss… The Contingency For Sale And Closing Addendum would allow the buyer to cancel the contract and get their earnest money back if the contract on the buyer’s current home fell through… The Inspection Period would allow the buyer to cancel the contract and get their earnest money back if the buyer’s home inspector finds  a broken door stop…

There are many reasons a buyer may cancel a contract and many of those do allow the buyer to get their earnest money deposit returned. Of course, if a buyer should breach the contract and walk away for a reason not permitted by the real estate sale contract, the home seller would likely get to keep the earnest money. Who decides whether the buyer or seller gets to keep the earnest money when a contract falls apart? Both sides do and both must agree by signing off how the earnest money gets distributed out of escrow — if either side balks, the earnest money could sit in escrow for months waiting for a decision on the matter from Judge Judy.

How much earnest money is required? There’s no set amount and a buyer can offer up any amount they feel best serves their own interests. Of course, it has to be enough the seller feels good about the situation too. In other words, it’s negotiable. In our previous seller’s market, two to five percent would usually do the trick. But, in our current buyer’s market, it’s not uncommon to see $500 to 1.5% of the purchase price get the job done. In case you’re wondering, you can offer NOTHING in the way of earnest money and a contract could still be valid. Although it’s acceptable to not put down any earnest money, I wouldn’t advise trying it.

When a deal gets canceled, getting the earnest money back could be further complicated if the seller was allowed to hold the earnest money. On resale homes, the money almost always goes into escrow — either with the listing agent’s brokerage or with a title company – and this won’t be an issue. But with new home construction, the protocol for years has been to allow the Kansas City home builder to hold the earnest money. Without doing it this way, builders would refuse to consider an offer or refuse to start construction of a home (or continue on with construction of a home that’s already started).

Non-refundable earnest money deposits being held by Kansas City home builders has long been accepted because it holds a buyers hand to the fire in helping to ensure the buyer doesn’t walk away after home construction has begun… Or imagine if a buyer has blue counter tops installed and then walks away from the deal.  Yet for all the sense this makes in many cases, there’s also risk involved for a home buyer. Just imagine what might happen if the builder went out of business after accepting your earnest money deposit but before your home is completed. This isn’t quite as concerning on completed spec homes that close quickly and on which many builders will accept refundable earnest deposits being put into an escrow account.


Posted by Jason A. Brown