Monthly Archives: March 2009

The Wilderness Subdivision Stats * Wilderness Homes For Sale In Overland Park Kansas

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

The Wilderness Subdivision Market Statistics
The Wilderness Is An Overland Park Kansas Home Community

Going back to March 2008 and looking at right around a year’s worth of market stats in The Wilderness, 36 homes were listed for sale and 16 homes were sold. Home sale prices in The Wilderness ranged from $215,000 to $385,000 with an average sales price of $311,828.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed. Stats cover approximately 12 months of market activity & may vary slightly. Note the date of this post as market stats quickly become outdated.

Comparing the current rate of sales over the past year to the 16 Active listings in the Wilderness, there’s a little over 12 months of inventory on the market. The average current list price in the Wilderness is $375,013 and at the upper end of the sales price range seen in the community over the past year.   

The Wilderness in Overland Park Kansas

The Wilderness in Overland Park Kansas

If you’re considering a move and would like to discuss these Wilderness market stats and your specific situation, I look forward to speaking with you. When representing our client’s best interests, we dig in deep to analyze past market stats, current market stats, prevalent market conditions and, most importantly, our client’s needs.

View The Wilderness Homes For Sale (updated daily)

Buying A Home In The Wilderness

Selling Your Home In The Wilderness

We post stats on many communities and subdivisions and are happy to post the stats for any particular community or subdivision that may be of interest to you. To make a request, comment at the bottom of this blog post and simply indicate the subdivision in which you’re interested.

Posted by Jason A. Brown

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A Home’s Beauty Is In The Eyes Of The Seller, Buyer, Lender, Independent Appraiser, County Tax Appraiser…

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Checking The Pulse Of The Kansas City Real Estate Market

A common question that home sellers ask is “what’s my home worth?”. If you’ve followed my blog very long you’ll know that’s a question that neither a real estate agent nor an appraiser (tax appraisers certainly included) can answer. The truth is that the market determines what a seller’s home is worth. Taking that a step further, the price that a home goes under contract isn’t the value either. The home must close and only at that time will we know what the seller’s home is worth. If a buyer backs out of a deal because of inspections, the home isn’t worth what the previous buyer offered – because it never closed. The next buyer (after closing) will have determined the home’s value.

If a buyer should add $50,000 in upgrades the month after they move in, there home isn’t “worth” $75,000 more. It’s not even “worth” even $10,000 more. The point is that until the home sells again we won’t know what a home is worth. So the only time that anyone knows the true worth of a home is at the closing. What a Realtor can do however is study the area comparables (listings, pendings, sales, expireds, etc.) and help a seller to make an informed pricing decision based on a home’s condition, location and relevant market conditions. 

It’s interesting how sometimes a home can be viewed SO differently through different eyes… 

Seller’s View… 

Buyer’s View… 

Lender’s View… 

Independent Appraiser’s View… 

County Tax Appraiser’s View… 

Posted by Jason A. Brown

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Ernie Miller Nature Center Is One Of The Excellent Parks Located In Johnson County Kansas

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Checking The Pulse Of The Kansas City Real Estate Market

The Ernie Miller Nature Center in Olathe Kansas is one of the great local parks in Kansas City. Located in southeastern Johnson County KS, the nature park offers area residents the enjoyment of nature trails, environmental education programs, camping opportunities, a place for birthday parties and much more!

Ernie Miller Nature Center in Olathe KS

Ernie Miller Nature Center in Olathe KS

Some of the intriguing aspects of the Ernie Miller Nature Center are the park’s amphitheater programs, summer camps and the Timber Ridge Adventure Center. Twice in April and once in May there are Preschool Spring Time programs and on April 25th there’s the La Grande Birding Fiesta. The park is part of the Johnson County Parks and Recreation District and there’s many, many other events scheduled at the park this year. So be sure to check out the nature center’s calendar and you can click the Google map below for directions to the Ernie Miller Nature Center.  Get out and enjoy the events, birds, flowers and nature at its best!

Ernie Miller Nature Center in Olathe KS

Ernie Miller Nature Center in Olathe KS

Posted by Jason A. Brown

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Nottingham Forest Subdivision Statistics * Nottingham Forest Homes For Sale In Overland Park Kansas

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Checking The Pulse Of The Kansas City Real Estate Market

Nottingham Forest Subdivision Market Statistics
Nottingham Forest Is An Overland Park Kansas Home Community

Going back to March 2008 and looking at right around a year’s worth of market stats in Nottingham Forest, 25 homes were listed for sale and 14 homes were sold. Home sale prices in Nottingham Forest ranged from $294,000 to $510,000 with an average sales price of $375,857.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed. Stats cover approximately 12 months of market activity & may vary slightly. Note the date of this post as market stats quickly become outdated.

Comparing the current rate of sales over the past year to the 12 Active listings in Nottingham Forest, there’s a little over 10 months of inventory on the market. The average current list price in Nottingham Forest is $392,313 and in line with the average sales price seen over the past year in the community.  

If you’re considering a move and would like to discuss these Nottingham Forest market stats and your specific situation, I look forward to speaking with you. When representing our client’s best interests, we dig in deep to analyze past market stats, current market stats, prevalent market conditions and, most importantly, our client’s needs.

View Nottingham Forest Homes For Sale (updated daily)

Buying A Home In Nottingham Forest

Selling Your Home In Nottingham Forest

We post stats on many communities and subdivisions and are happy to post the stats for any particular community or subdivision that may be of interest to you. To make a request, comment at the bottom of this blog post and simply indicate the subdivision in which you’re interested.

Posted by Jason A. Brown

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Lenexa KS Real Estate Summary * 15-Day Real Estate Update For Lenexa Kansas

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Checking The Pulse Of The Kansas City Real Estate Market

City of Lenexa KS Real Estate Update

Lenexa Kansas Real Estate Market Statistics <> 15-day Overview

Type

#

Average $

Avg DOM

–

Newest Listings

44

$348,676

–

View Newest Listings

Total Active Listings

338

–

–

–

Newest Under Contract

17

$249,990*

144

View Newest Under Contract

Newest Solds (Closed)

12

$237,350

180

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled AM on 3/25/09.

In the city of Lenexa Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Lenexa KS. Using the past 15 days as a basis for figuring the absorption rate in Lenexa, there’s just about 14 months of inventory on the market. If we use the 17 homes that went pending (rather than the 12 closings) to figure the absorption rate, then there’s a little less than 10 months of inventory on the market in Lenexa.

Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Falcon Ridge Subdivision Statistics * Falcon Ridge Homes For Sale In Lenexa KS

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Checking The Pulse Of The Kansas City Real Estate Market

Falcon Ridge Subdivision Market Statistics
Falcon Ridge Is A Lenexa Kansas Home Community

Going back to March 2008 and looking at right around a year’s worth of market stats in Falcon Ridge, 67 homes were listed for sale and 31 homes were sold. Home sale prices in Falcon Ridge ranged from $315,000 to $850,000 with an average sales price of $484,002.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed. Stats cover approximately 12 months of market activity & may vary slightly. Note the date of this post as market stats quickly become outdated.

Comparing the current rate of sales over the past year to the 24 Active listings in Falcon Ridge, there’s a little more than 9 months of inventory on the market. The average current list price in Falcon Ridge is $582,873 and higher than the average sales price ($484,002) seen during the past year in the community.  

Falcon Ridge in Lenexa Kansas

Falcon Ridge in Lenexa Kansas

If you’re considering a move and would like to discuss these Falcon Ridge market stats and your specific situation, I look forward to speaking with you. When representing our client’s best interests, we dig in deep to analyze past market stats, current market stats, prevalent market conditions and, most importantly, our client’s needs.

View Falcon Ridge Homes For Sale (updated daily)

Buying A Home In Falcon Ridge

Selling Your Home In Falcon Ridge

We post stats on many communities and subdivisions and are happy to post the stats for any particular community or subdivision that may be of interest to you. To make a request, comment at the bottom of this blog post and simply indicate the subdivision in which you’re interested.

Posted by Jason A. Brown

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Mills Farm Home Community Stats * Mills Farm Homes For Sale In Overland Park Kansas

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

 Mills Farm Subdivision Market Statistics
Mills Farm Is An Overland Park Kansas Home Community

Going back to March 2008 and looking at right around a year’s worth of market stats in Mills Farm, 14 homes were listed for sale and 34 homes were sold (many of these had contracts written the prior year). Home sale prices in Mills Farm ranged from $563,500 to $1,678,809 with an average sales price of $902,461.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed. Stats cover approximately 12 months of market activity & may vary slightly. Note the date of this post as market stats quickly become outdated.

Comparing the current rate of sales (34 closings) over the past year to the 16 Active listings in Mills Farm, there’s a little over 5.5 months of inventory on the market. The average current list price in Mills Farm is $833,569 and in line with the average sales price over the past year.  

Mills Farm in Overland Park Kansas

Mills Farm in Overland Park Kansas

If you’re considering a move and would like to discuss these Mills Farm market stats and your specific situation, I look forward to speaking with you. When representing our client’s best interests, we dig in deep to analyze past market stats, current market stats, prevalent market conditions and, most importantly, our client’s needs.

View Mills Farm Homes For Sale (updated daily)

Buying A Home In Mills Farm

Selling Your Home In Mills Farm

We post stats on many communities and subdivisions and are happy to post the stats for any particular community or subdivision that may be of interest to you. To make a request, comment at the bottom of this blog post and simply indicate the subdivision in which you’re interested.

Posted by Jason A. Brown

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March Madness Is Here For The Kansas Jayhawks & Missouri Tigers

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Checking The Pulse Of The Kansas City Real Estate Market

March Madness is here and our local Kansas Jayhawks, Missouri Tigers and Kansas State Wildcats have all earned the right to move on to post-season tournaments in 2009.  Frank Martin may not be pleased that his Wildcats had their NCAA tournament hopes burst but I have a feeling the Wildcats will be fired up to play in that tournament.

Both the Missouri Tigers and my beloved Jayhawks take #3 seeds into the tournament with high hopes. In two of the three tournament brackets I’m doing, I have both Missouri and Kansas in the final four. Crazy? Maybe and I’m counting on both teams making a deep run in the tournament. Without a doubt this is one of my favorite times of the year. Enjoy the tournaments Jayhawk, Tiger and Wildcat fans in Kansas City!   

Posted by Jason A. Brown

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Leawood Kansas Real Estate Update * 15-Day Real Estate Summary For Leawood KS

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Leawood Kansas Real Estate Update

Leawood KS Real Estate Market Stats <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

45

$554,555

–

View Newest Listings

Total Active Listings

403

–

–

–

Newest Under Contract

18

$397,949*

147

View Newest Under Contract

Newest Solds (Closed)

10

$481,695

110

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled AM on 3/18/09.

Leawood Kansas

Leawood Kansas

In the city of Leawood Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Leawood KS. Using the past 15 days as a basis for figuring the absorption rate in Leawood, there is 20 months of inventory on the market.

There were more homes that went under contract than closed (over the 15-day period) and if we use those 18 homes as the basis, then there’s a little more than 11 months of inventory on the market in Leawood. Better of course but those homes still have to make it the closing table. Also keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Brighton’s Landing Subdivision Statistics * Brighton’s Landing Homes For Sale In Olathe KS

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

Brighton’s Landing Subdivision Market Statistics
Brighton’s Landing Is An Olathe KS Home Community

Going back to March 2008 and looking at right around a year’s worth of market stats in Brighton’s Landing, 55 homes were listed for sale and 21 homes were sold. Home sale prices in Brighton’s Landing ranged from $275,000 to $435,948 with an average sales price of $352,035.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed. Stats cover approximately 12 months of market activity & may vary slightly. Note the date of this post as market stats quickly become outdated.

Comparing the current rate of sales over the past year to the 16 Active listings in Brighton’s Landing, there’s a little over 9 months of inventory on the market. The average current list price in Brighton’s Landing is $366,438 and in line with the average sales price ($352,035) seen over the past year in the community.  

Brightons Landing in Olathe Kansas

Brighton's Landing in Olathe Kansas

If you’re considering a move and would like to discuss these Brighton’s Landing market stats and your specific situation, I look forward to speaking with you. When representing our client’s best interests, we dig in deep to analyze past market stats, current market stats, prevalent market conditions and, most importantly, our client’s needs.

View Brighton’s Landing Homes For Sale (updated daily)

Buying A Home In Brighton’s Landing

Selling Your Home In Brighton’s Landing

We post stats on many communities and subdivisions and are happy to post the stats for any particular community or subdivision that may be of interest to you. To make a request, comment at the bottom of this blog post and simply indicate the subdivision in which you’re interested.

Posted by Jason A. Brown

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