Heatherstone Home Community Market Update ~ Heatherstone Homes In Olathe KS

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

Looking over the Heatherstone market statistics dating back a year to December 2009, 15 homes were put on the market and 12 homes were sold over the same year period. The average sales price in Heatherstone was $223,417 and the subdivision saw a yearly sales price range of $186,000 to $251,000.

Comparing the 2 Active listings in Heatherstone to the 12-month sales rate in the community, there’s 2.0 months of inventory currently on the market. This is excellent, especially in the buyer’s market currently present in most communities. In fact, it’s a seller’s market in Heatherstone and now would be an excellent time for area homeowners to list their homes. The average current list price of $227,500 is well in line with the average sales price the past year in the subdivision. Heatherstone remains a very a popular Olathe Kansas home community and located near parks, shopping and dining amenities and near access to I-35 in Olathe.

Heatherstone In Overland Park KS

Heatherstone is located in northeast Olathe Kansas and is served by the Olathe School District. There’s approximately 320 homes in Heatherstone and many of the homes in the community were built from 1989 to 1997. If you’re considering buying or selling a home in Heatherstone or in another area of Olathe Kansas, please contact us for assistance.

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Posted by Jason A. Brown

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Blue Valley Kansas Real Estate Update – December 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for the Blue Valley School District in Kansas
Recent
15 Days of Blue Valley Market Activity

After calculating the absorption rate over the past 15 days for homes in the Blue Valley School District area, we determine there’s currently 11.2 months of inventory on the market. This is high although it should be noted that the 15-day absorption rate covers the Thanksgiving holiday, which is very slow time of year for home sales. Still, most of the homes would have had contracts written on them at 30 to 45 days prior, minimizing the holiday effect.

Type

#

Average $

Avg DOM

Listings Past 15 Days

57 $399,165

Total Active Listings

790

Newest Contracts Written

58 $379,513 124

Newest Sold (Closed)

35 $317,693 188

* 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.

The number of homes that went under contract the past 15 days was a more impressive 58. If we were to assume all of those will make it the closing table (and used that figure for our absorption rate), there’s 6.8 months of inventory on the market and represents a more stable real estate market in the Blue Valley area. Possibly the biggest concern I have is that the average seller felt their home was worth right at $400,000, while the average sale price over the same period was about $318,000.

If your real estate goals involve buying or selling a home in the Blue Valley area, please contact me for assistance. The Blue Valley area is a wonderful area that covers most of southern Overland Park, Southern Leawood and a southeast portion of Olathe Kansas. If preferred, we can can easily set you up to receive email updates of only homes available within the school district.

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Blue Valley in Kansas

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Posted by Jason A. Brown

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