Monthly Archives: May 2009

Lee’s Summit Missouri Real Estate Update * Lee’s Summit MO Market Stats

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Checking The Pulse Of The Kansas City Real Estate Market

City of Lee’s Summit Missouri Real Estate Update

Lee’s Summit MO Real Estate Market Stats <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

90

$243,923

–

View Newest Listings

Total Active Listings

905

–

–

–

Newest Under Contract

87

$213,578*

159

View Newest Under Contract

Newest Solds (Closed)

35

$177,009

93

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 Note the date of this post as market stats become outdated.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 in the AM on 5/29/09.

 

Lees Summit Missouri

Lee's Summit Missouri

 

In the city of Lee’s Summit Missouri there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). There is good news in that the number of home that went under contract (87) in the past 15 days is almost the same as the number of new homes that came on the market (90) in Lee’s Summit MO. Still, when using the past 15 days of sales as a basis for figuring the absorption rate in Lee’s Summit, there’s nearly 13 months of inventory on the market. 

If we use the number of homes that went under contract (rather than the homes that closed) to figure the absorption rate in Lee’s Summit, the figure is a much-improved 5.2 months of inventory. Let’s hope all those pending sales make it all the way to the closing Also, keep in mind that a 15-day period is a small sampling of Lee’s Summit Missouri market activity and 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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Prairie Village KS Real Estate Update * Prairie Village Kansas Market Stats

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City of Prairie Village Kansas Real Estate Update

Prairie Village KS Real Estate Market Stats <> 15 Day Stats

Type

#

Average $

Avg DOM

–

Newest Listings

31

$273,422

–

View Newest Listings

Total Active Listings

151

–

–

–

Newest Under Contract

24

$250,971*

81

View Newest Under Contract

Newest Solds (Closed)

8

$229,613

91

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 in the AM on 5/20/09.

In the city of Prairie Village KS 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 Prairie Village Kansas. Using the past 15 days of sold homes to calculate the absorption rate in Prairie Village, there’s almost 9.5 months of inventory on the market. Triple the number of homes went under contract (compared to homes sold) and if we run with the assumption that all those homes will make it to the closing table (they won’t), then the absorption rate is just slightly over 3 months of inventory. If all those homes make it to the closing table that is an impressive figure and things would be looking solid in Prairie Village.

Keep in mind that a 15-day period is a small sampling of Prairie Village Kansas market activity. This information shows 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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Stonebridge Court Market Statistics * Stonebridge Court Homes For Sale In Overland Park Kansas

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Stonebridge Court Subdivision Market Statistics
Stonebridge Court Is An Overland Park KS Home Community

Going back to April 2008 and looking at right around a year’s worth of market stats in Stonebridge Court, 10 homes were listed for sale and 5 homes were sold. Home sale prices in Stonebridge Court ranged from $360,000 to $462,000 with an average sales price of $404,809.

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 5 Active listings in Stonebridge Court, there’s 12 months of inventory on the market. The average current list price in Stonebridge Court is $383,680 and on the lower end compared to the average sales price in the community over the past year.   

Stonebridge Court in Overland Park KS

Stonebridge Court in Overland Park KS

If you’re considering a move and would like to discuss these Stonebridge Court 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 Stonebridge Court Homes For Sale (updated daily)

Buying A Home In Stonebridge Court

Selling Your Home In Stonebridge Court

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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GlenEagles Home Community Statistics * GlenEagles Homes For Sale In Overland Park Kansas

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Checking The Pulse Of The Kansas City Real Estate Market

GlenEagles Subdivision Market Statistics
GlenEagles Is An Overland Park Kansas Home Community

Going back to April 2008 and looking at right around a year’s worth of market stats in GlenEagles, 12 homes were listed for sale and 4 homes were sold. Home sale prices in GlenEagles ranged from $575,000 to $1,180,000 with an average sales price of $831,250.

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 4 Active listings in GlenEagles, there’s 12 months of inventory on the market. The average current list price in GlenEagles is $848,750 and right in line with the average sales price over the past year in the GlenEagles community.  

GleanEagles in Overland Park Kansas

GleanEagles in Overland Park Kansas

If you’re considering a move and would like to discuss these GlenEagles 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 GlenEagles Homes For Sale (updated daily)

Buying A Home In GlenEagles

Selling Your Home In GlenEagles

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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Worthington Subdivision Stats * Worthington Homes For Sale In Leawood KS

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Checking The Pulse Of The Kansas City Real Estate Market

Worthington Subdivision Market Statistics
Worthington Is A Leawood KS Home Community

Going back to April 2008 and looking at right around a year’s worth of market stats in Worthington, 11 homes were listed for sale and 8 homes were sold. Home sale prices in Worthington ranged from $325,000 to $475,000 with an average sales price of $388,706.

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 4 Active listings in Worthington, there’s a little over 6 months of inventory on the market. The average current list price in Worthington is $403,700 and slightly higher than the average sales price seen in the community over the past year.  

Worthinton in Leawood Kansas

Worthinton in Leawood Kansas

If you’re considering a move and would like to discuss these Worthington 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 Worthington Homes For Sale (updated daily)

Buying A Home In Worthington

Selling Your Home In Worthington

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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Bristol Ridge Home Community Stats * Bristol Ridge Homes For Sale In Lenexa Kansas

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Checking The Pulse Of The Kansas City Real Estate Market

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

Going back to April 2008 and looking at right around a year’s worth of market stats in Bristol Ridge, 18 homes were listed for sale and 11 homes were sold. Home sale prices in Bristol Ridge ranged from $360,000 to $586,316 with an average sales price of $479,425.

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 14 Active listings in Bristol Ridge, there is a little over 15 months of inventory on the market. The average current list price in Bristol Ridge is $533,746 and higher than the average sales price over the past year.  

Bristol Ridge Home Community

Bristol Ridge Home Community

If you’re considering a move and would like to discuss these Bristol 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 Bristol Ridge Homes For Sale (updated daily)

Buying A Home In Bristol Ridge

Selling Your Home In Bristol 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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Leawood Kansas Real Estate Market Update* 15 Day Leawood KS Statistics

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Checking The Pulse Of The Kansas City Real Estate Market

City of Leawood KS Real Estate Update

Leawood Kansas Real Estate Market Stats <> 15 Day Update

Type

#

Average $

Avg DOM

–

Newest Listings

60

$537,010

–

View Newest Listings

Total Active Listings

439

–

–

–

Newest Under Contract

30

$507,924*

105

View Newest Under Contract

Newest Solds (Closed)

15

$295,113

135

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 10 AM on 5/12/09.

In the city of Leawood Kansas there continues to be more homes coming on the market than homes going under contract (i.e. pending) or than homes being sold (closed). This creates a further surplus of supply in Leawood. Using the past 15 days as a basis for figuring the absorption rate in Leawood KS there is just about 14 and a half months of inventory on the market. The under contract stats were better than the closed stats and if we use the 30 homes that went under contract in Leawood over the past 15 days, then there’s about 7.3 months of inventory.

Keep in mind that a 15-day period is a small sampling of Leawood Kansas real estate 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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Don’t Ask Your Kansas City Realtor If It’s A Safe Neighborhood

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Fair Housing laws can put us Kansas City real estate agents in a difficult position. I’ve had the occasional home buyer get upset when I try and explain that I can’t tell them whether they should choose a particular school district. Some say that help with Johnson County Kansas schools is why they hired me. Other’s – often parents of young homebuyers – will ask if the home is in a safe area. I nearly got fired when I tried to explain to a client’s father that I couldn’t answer that question. We became buddies before the home search was over but we were on shaky ground for a good hour or so.

Buyer’s don’t need to panic because real estate agents are able to point home buyers to information on area school districts as well as where to find info to determine whether the buyer believes it’s safe place to live. I just can’t make a blanket statement on either issue. Fair Housing laws are important because they protect the public from being discriminated based on race, creed, color nationality, marital status, familial status, etc. With that in mind, Kansas City real estate agents can’t take part in steering clients to any particular area, city, school district, lake, street… you get the idea. 

So when I’m representing you in your home purchase, don’t ask me “is this a safe area”. Instead, ask me where you can get your hands on the area’s crime reports/statistics.  Don’t ask me “is this the right school district for your children”. Instead, ask me if I’d feel comfortable putting my kids in the schools. See the difference? I can’t steer you to any particular area. But I can steer myself. An even better question is where you can get your hands on the facts, stats and reports that will help you make an informed decision. For this reason, I have links to area schools and crime statistics all around my web site, www.JBPRealtyGroup.com.  

Posted by Jason A. Brown

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Looking For Kansas City Maintenance Provided Communities?

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Checking The Pulse Of The Kansas City Real Estate Market

Are you searching for maintenance provided communities in Kansas City? There are different degrees of maintenance provided communities and the basis of the pyramid for most maintenance provides communities is the benefit of having lawn maintenance provided. Never having to mow again appeals to home buyers from busy professionals to empty nesters. Some maintenance provided communities take things a step further by providing snow removal, exterior building maintenance,  roof replacement, etc.

Kansas City Maintenance Provided Communities

Kansas City Maintenance Provided Communities

To give you an idea, I did a Kansas City MLS search of Johnson County Kansas Lawn Maintenance Provided Communities (this MLS  link will become inactive after some time, so please email me if you want a direct live link email to you — we’ll also update this link at the time for the benefit of others.) For this particular search, I narrowed the search parameters to homes $200,000 and up. If you click the link you’ll see the search results include Villas, Townhomes, Single Family Homes, Patio Homes, Half Duplexes, etc.

Included in the search results you’ll see many of the popular Johnson County Kansas maintenance provided communities like Ashford Villas, Tuscany Reserve, Corinth Downs, Hallbrook, St. Andrews Court, Arbor Creek Village, Villas of Falcon Valley, Club Villas at Lionsgate, Ranch Villas at Nall Hills, Cedar Creek’s Shadow Glen Villas, Quail Park Villas, Mission Farms Condominiums, Avignon, Villas of White Horse, Falcon Ridge Villas, Villas of St. Andrews, Mission Reserve, Heatherglen, Falcon Village, Camden Woods and Afton Hills to name a few.

If you’d like me to run a search for you with different parameters (specified area, price range, degree of maintenance provided) feel free to send me your request.

Posted by Jason A. Brown

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The Kansas City Zoo Celebrates It’s 100th Anniversary This Year

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All facets of the Kansas City Zoo are now open for 2009 and this year the zoo is celebrating it’s 100th anniversary. The zoo’s centenial anniversary includes the grand opening of a new tropical rainforest.  This should be a great time to get out and visit and support our local zoo!

Kansas City Zoo

Kansas City Zoo

Intrepid Traveler’s Magazine ranked the Kansas City Zoo one of “America’s Best Zoos in 2008”. As the nation’s 10th largest zoo, the celebration continues on Mother’s Day with free admission and ice cream for all the moms.  On Friday June 5th Jazoo 2009 will take place, providing an evening of unlimited entertainment, music, food and drink. Jazzoo is a benefit for the Kansas City Zoo, Kansas City Zootennial and the Kansas City Zoo Learning Fund. Ticket prices for the Jazoo benefit start at $200 – did I mention free complimentary alcoholic beverages are included?  

Posted by Jason A. Brown

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