Monthly Archives: April 2010

Huntington Farms Market Stats ~ Huntington Farms Homes For Sale In Leawood Kansas

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Checking The Pulse Of The Kansas City Real Estate Market
Huntington Farms Real Estate Market Stats
Huntington Farms Is A Subdivision In Leawood KS

Looking over the Huntington Farms market statistics dating back to March 2009, 13 homes were put on the market and 7 homes were sold over the same year period. The average sales price in Huntington Farms was $194,414 and the subdivision saw a price range variance of $155,000 to $251,000.

Comparing the 4 Active listings in Huntington Farms to the 12-month sales rate in the community, there’s 6.9 months of inventory currently on the market. This is a little high and the average current list price of $268,725 is much higher than the average sales price ($194,414) seen over the past year in the Huntington Farms subdivision. Still, Huntington Farms is a popular Leawood Kansas home community and located near parks, dining and shopping amenities and with convenient access to I-435 highway running through the city of Leawood.

Huntington Farms In Leawood Kansas

Huntington Farms In Leawood Kansas

Huntington Farms is located in central Leawood Kansas and is served by the Blue Valley School District.  Many of the homes in Huntington Farms were built from the mid to the late 1970’s. If you’re considering buying or selling a home in Huntington Farms, please contact me and I look forward to assisting you with your area home purchase or sale.

View Homes For Sale in Huntington Farms

Buying A Home In Huntington Farms

Selling A Home In Huntington Farms

Relocating to Leawood Kansas

Posted by Jason A. Brown

Leawood Kansas Real Estate Update – April 2010

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

Using the past 15 days of market stats we can analyze the absorption rate in Leawood Kansas and compare it to the volume of homes on the market. The results show there are 20 months of real estate inventory on the market in Leawood. This is very high and seeing just 9 homes sales in the entire city of Leawood during the past 15 days is very concerning.  The average sale price of those 9 homes was around $342,000, which is much lower than the $575,000 average list price of the 51 homes that cam on the market during the same period.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 51
 $575,522
–
Total Active Listings
 358
–
–
Newest Contracts Written
 44
 $484,206 82
Newest Sold (Closed)
 9
 $342,952 69

* 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.

There was some better news in the number of homes that went under contract (44) and in the average list price of those homes when they went under contract ($484,000). If you’re considering a Leawood Kansas home purchase or sale, I’ll get you the market stats on the specific areas of Leawood that interest you. Please let me know how I can assist you with buying or selling a home in Leawood.

View Past Real Estate Stats On Leawood Kansas

Buyer’s Agents In Leawood Kansas

Seller’s Agents In Leawood Kansas

Relocating to Leawood Kansas

View All Listed Leawood Kansas Homes For Sale

Leawood Kansas

Leawood Kansas

Leawood Kansas Tip of the Day…
Leawood Kansas Parks & Rec

Posted by Jason A. Brown

Locate Townhomes For Sale In Overland Park, Johnson County KS & The Surrounding Area

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Checking The Pulse Of The Kansas City Real Estate Market

If you’ve been searching Townhomes for sale in Johnson County KS, Overland Park or the surrounding Kansas City areas, you’ve probably run into the problem with the Townhome listings being grouped together with the other single family listings. This can lead to a lot of wasted time when searching area homes for sale that fit your home search needs.  There are however ways that your Johnson County Kansas real estate agent can help you search and locate specifically what you’re searching for — so don’t give up hope.

Kansas City Townhomes

Kansas City Townhomes

If you’re in the preliminary stages of your home search and want to do your own research, our search tools have been drastically improved in recent years to assist you. You can eliminate single family homes from the results and just search the available Town Homes for sale that are within your desired price range. Here’s some examples of simple searches for town homes for sale in Johnson County Kansas…

Johnson County KS Townhomes – Under $100,000
Johnson County KS Townhomes – Under $100,000 to $150,000
Johnson County KS Townhomes – Under $150,000 to $200,000
Johnson County KS Townhomes – Under $200,000 to $250,000
Johnson County KS Townhomes – Under $250,000 to $300,000
Johnson County KS Townhomes – $300,000 and up


Clicking some of the links above, you’ll see town homes for sale in area communities like Nottingham Court, Brampton Place, Foxfield Court, Palisades at College, Buckley Court, St. James Court, Arbor Creek Village, Stone Haven, Asbury Villas, Bradford Gardens, Fieldstone, Heatherwood, Quail Park, Retreat at Wilderness & Sunnybrook to name a few.

You can adjust your search parameters any way you see fit to view all of the listings being fed from the Kansas City MLS. You can search by selecting a map area or take control of the search by selecting specific cities to search within. To do that latter, click on the Refine Your Search button and then select Overland Park, Lenexa, Olathe, Shawnee, Leawood, Kansas City… or any combination of these or other metro areas.

We make it free for you to save any searches by clicking on the SEARCH SAVER button. This lets you come back later to view them by using a login and password of your choosing.  It also allows you to start receiving automatic emails of new listings that hit the market meeting the parameters you’ve entered. When it’s time to really hit the home search trail, there’s additional tricks that only your Kansas City real estate agent can do when logged into the MLS to make your home search easier and more effective. So please let me know when you’re ready for personalized real estate assistance.

Posted by Jason A. Brown

Quailwood Estates Market Stats ~ Quailwood Estates Homes For Sale In Olathe KS

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Checking The Pulse Of The Kansas City Real Estate Market
Quailwood Estates Real Estate Market Stats
Quailwood Estates Is A Subdivision In Olathe KS

Looking over the Quailwood Estates market statistics dating back to April 2009, 11 homes were put on the market and 9 homes were sold over the same year period. The average sales price in Quailwood Estates was $316,389 and the subdivision saw a price range variance of $265,000 to $343,000.

Comparing the 3 Active listings in Quailwood Estates to the 12-month sales rate in the community, there’s 4.0 months of inventory currently on the market. This is just fine in our current real estate market, although the average current list price ($359,817) is quite a bit higher than the average sale price over the past year in the subdivision. Quailwood Estates is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities.

Quailwood Estates In Olathe KS

Quailwood Estates In Olathe KS

Quailwood Estates is located in southeast Olathe Kansas and is one of the rare areas of Olathe that is served by the Blue Valley School District. Many of the homes in Quailwood Estates were built from  1999 through 2003.  If you’re considering making Quailwood Estates your home or selling and moving to another area, I’d look forward to assisting you.

View Homes For Sale in Quailwood Estates

Buying A Home In Quailwood Estates

Selling A Home In Quailwood Estates

Relocating to Olathe Kansas

Posted by Jason A. Brown

New EPA Rules Will Effect Kansas City Home Remodeling Projects

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Checking The Pulse Of The Kansas City Real Estate Market

The EPA’s new rules for Lead Renovation, Repairs and painting went into effect last week. Any Kansas City homeowner living in a home built prior to 1978 should seek a contractor who is EPA certified in the methods for containing all renovation-related lead dust — both during and at the completion of the project. As with most regulations, this won’t be cheap either, if you’re considering replacing your windows or siding or making a general room addition.

The EPA has a broad definition of “remodeling” that includes any activity disturbing a painted interior surface area that’s over two square feet and any exterior surface areas that’s over 20 square feet. Failure to comply with the EPA’s requirements could result in penalties of up to $37,500 a day per violation.  It’s a delicate issue to argue with any regulations designed to protect the public. But, even by the EPA’s own estimation, this could add up to $167 onto the cost of an average home remodeling project.

I’ve spoken with Kansas City home builder insiders who tell me that figure doesn’t come remotely close to how much they’ll have to charge to meet the EPA requirements. One general contractor told me they are already adding on 15% to all remodeling projects involving homes built prior to 1978. I don’t where to find a good estimate, but I’ll bet more than half of the homes in the U.S. were built prior to 1978. So this change is generally going to have a major effect on consumers.

If there’s any saving grace for homeowners, it’s that the contractor is the one who would be fined – not the homeowner’s who hire the contractor. So it’s not the consumers job to make sure the contractor is EPA certified. I wonder how many homeowners will simply NOT even ask the question out of fear that it could immediately add 15% on to the cost of their home remodeling project. Though that could be a poor decision since more than 1 million children a year are affected in some way by lead poisoning.

Posted by Jason A. Brown

Regency By The Lake Market Stats ~ Regency By The Lake Homes For Sale In Overland Park KS

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Checking The Pulse Of The Kansas City Real Estate Market
Regency By The Lake Real Estate Market Stats
Regency By The Lake Is A Subdivision In Overland Park KS

Looking over the Regency By The Lake market statistics dating back to April 2009, 26 homes were put on the market and 19 homes were sold over the same year period. The average sales price in Regency By The Lake was $251,270 and the subdivision saw a price range variance of $198,000 to $282,126.

Comparing the 5 Active listings in Regency By The Lake to the 12-month sales rate in the community, there’s 3.2 months of inventory currently on the market. This is excellent in our current real estate market. The  average current list price of $251,590 is almost exactly the same as the average sales price the past year in the community, meaning there’s a good selection of inventory for Overland Park home buyers to consider. Regency By The Lake is a popular Overland Park Kansas subdivision and located near dining, shopping and park amenities and in close proximity to 69 highway in Overland Park.

Regency By The Lake In Overland Park KS

Regency By The Lake In Overland Park KS

 

Regency By The Lake is located in southern Overland Park Kansas and is served by the Blue Valley School District. Many of the homes in Regency By The Lake were built from 1995 through 2001. If you’re looking to sell or buy a home in Regency By The Lake or another area of Overland Park Kansas, please let me know how I can assist you.

View Homes For Sale in Regency By The Lake

Buying A Home In Regency By The Lake

Selling A Home In Regency By The Lake

Relocating to Overland Park Kansas

Posted by Jason A. Brown

Johnson County Kansas Real Estate Update – April 2010

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Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for Johnson County Kansas
Past 15 Days of Johnson County KS Market Activity

Using the most recent 15 days of Johnson County market stats we can determine there’s currently 6.8 months of inventory on the market. This is a buyers market but within range of being a stable market. Looking at the sales rates in Johnson County Kansas and comparing it to the current inventory of homes on the market helps us track the supply and demand of real estate in Johnson County Kansas. This is important because if the market is a buyer’s market then as a buyer you want to ideally be getting as good a deal as the buyer down the street.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 920
 –
–
Total Active Listings
 4126
–
–
Newest Contracts Written
 646
 –
 –
Newest Sold (Closed)
 305
 $222,509 86

* 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.

Of course, smart home sellers will hire a listing agent who provides solid representation to try to counter demanding home buyers. If you’re considering selling or buying a home in Johnson County Kansas, we look forward to learning more about your real estate situation. We’ll get you the market stats and information  you need to make an informed buying or selling decision.

View Past Real Estate Stats On Johnson County Kansas

Buyer’s Agents In Johnson County Kansas

Seller’s Agents In Johnson County Kansas

Relocating to Johnson County Kansas

View All Listed Johnson County Kansas Homes For Sale

Johnson County Kansas

Johnson County Kansas

Johnson County Kansas Tip of the Day…
Info On Johnson County KS Parks & Recreation

Posted by Jason A. Brown

April Report Shows Kansas Homes Sales Fall 12% In February

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Checking The Pulse Of The Kansas City Real Estate Market

The Kansas Association of Realtors is reporting that February 2010 homes sales were down 12% from February 2009. All February stats were affected by the fierce winter weather but this is discouraging news nevertheless. It’s especially discouraging since home sales nationally INCREASED 7% over the same period. The actual drop was 1,463 home sales in February 2009 to 1,699 during February 2010. This news follows a 7% drop in February’s stats compared to January this year.


The Kansas Association or Realtor report concludes – using February sales rate and number of listings on the market at that time – that there’s  11.3 months of inventory on the market in the state of Kansas. Mortage rates also jumped from January to February with Freddie Mac reporting the average 30-year fixed rate at 4.97% in January but rising to 5.21% in February.

There was good news nationally with March building permits for new construction rising more than 7% from February to March of this year. Locally in the Kansas City metro area, 213 new homes went under contract during February, compared to 230 in March. I assume most of these are build jobs and that bank’s are loosening the reigns on spec loans after the recent news that more foreclosure sales were scheduled nationally last quarter than in any quarter dating back to January 2005.

Posted by Jason A. Brown

Cedar Brooke Subdivision Statistics ~ Cedar Brooke Homes For Sale In Olathe KS

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Checking The Pulse Of The Kansas City Real Estate Market
Cedar Brooke Real Estate Market Stats
Cedar Brooke Is A Subdivision In Olathe KS

Looking over the Cedar Brooke market statistics dating back to April 2009, 25 homes were listed for sale and 20 homes were sold over the same 12-month period. The average sales price in Cedar Brooke was $192,262 and the subdivision saw a price range from $181,000 to $208,000.

Comparing the 4 Active listings in Cedar Brooke to the 12-month sales rate in the community, there’s 2.4 months of inventory currently on the market. This is excellent in our current market and the average current list price of $186,725 is actually lower than the average closing sales price over the past year. Cedar Brooke is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities and near access to K-7 highway.

Cedar Brooke In Olathe Kansas

Cedar Brooke In Olathe Kansas

Cedar Brooke is located in western Olathe Kansas and is served by the Olathe School District. Many of the homes in Cedar Brooke were built from 1998 through 2004. If you’re considering buying or selling a home in Cedar Brooke or another Olathe Kansas home community, please let me know how I can assist you.

View Homes For Sale in Cedar Brooke

Buying A Home In Cedar Brooke

Selling A Home In Cedar Brooke

Relocating to Olathe Kansas

Posted by Jason A. Brown

Hottest Real Estate Markets In The Kansas City Metro Area

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Checking The Pulse Of The Kansas City Real Estate Market

I thought it would be interesting to see which Kansas City metro cities are currently seeing the best sales rates. If we went strictly by gross number of sales, the largest cities would of course dominate the rankings. Instead, I wanted to see how many months of inventory was present in each city.  In other words, I’ve compared the past 30 days sales rate against the current number of homes on the market. I wrote down the largest 20 cities that came to mind and after running the numbers here’s the hottest real estate markets in Kansas City…

#1. Prairie Village, 5.1 months of inventory
#2. Olathe, 6.8 months of inventory
#3 (tie). Overland Park, 7.4 months of inventory
#3 (tie). Lenexa, 7.4 months of inventory
#5. Shawnee, 7.6 months of inventory
#6. Raymore, 8.6 months of inventory
#7. Lee’s summit, 9.8 months of inventory
#8. Liberty, 9.8 months of inventory
#9 (tie). Kansas City, 10.4 months of inventory
#9 (tie). Leawood, 10.4 months of inventory


Prairie Village and it’s charm came in with a solid 5.1 months of inventory and that’s as close to a stable market as you’ll see today. Johnson County had the most cities in the top 10, easily outpacing other surrounding Kansas City metro area counties.

Posted by Jason A. Brown