Monthly Archives: March 2011

Northwood Trails Community Market Stats ~ Northwood Trails Homes In Olathe KS

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Checking The Pulse Of The Kansas City Real Estate Market
Northwood Trails Real Estate Market Stats
Northwood Trails Is A Subdivision In Olathe Kansas

Looking over the Northwood Trails market statistics dating back a year to March 2010, 24 homes were put on the market and 14 homes were sold over the same year period. The average sales price in Northwood Trails was $225,821 and the subdivision saw a sales price range from $143,500 to $277,500.

Comparing the 7 Active listings in Northwood Trails to the 12-month sales rate in the community, there’s 6.0 months of inventory currently on the market. This is typical in our current real estate market and represents a slight buyer’s market. The average current list price of $231,907 is in line with the average sales price during the past 12 months in the community. Northwood Trails is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities and near access to K-10 and I-35 highways in Olathe.

Northwood Trails In Olathe Kansas

 Northwood Trails is located in northwest Olathe Kansas and is served by the Olathe School District. There’s approximately 402 homes in Northwood Trails and many of the homes in the community were built from 1986 to 1999. If you’re considering selling a home in Northwood Trails or buying a home in or around Northwood Trails, please contact us for assistance.

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Posted by Jason A. Brown

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Lenexa Kansas Real Estate Update – March 2011

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

After calculating the absorption rate the past 15 days in Lenexa Kansas and comparing it to the 259 homes for sale in Shawnee, we find there’s 8.9 months of inventory on the market. This is high but not unusual in our current real estate market. This amount of inventory represents a buyer’s market in Lenexa. The number of homes that went under contract during the same 15-day period was only slightly better and the sales pace will need to pick up as we head into March to eat into the current inventory.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 40 $305,695

–

Total Active Listings

 259

–

–

Newest Contracts Written

 18 $237,861 149

Newest Sold (Closed)

 14 $210,654 228

* 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 average list price (around $306,000) compared to the average sales price (around $211,000) is a legitimate concern. Keep in mind that market stats can change quickly and we’re looking at a 15-day market snap shot. We look forward to getting you the information you need to make an informed real estate decision. Please let me know how we can assist you with buying or selling a Lenexa area home.

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Posted by Jason A. Brown

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Kansas City’s March 2011 Events To Put In Your Planners

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Checking The Pulse Of The Kansas City Real Estate Market

The weather is warming, baseball leagues are preparing for their season and spring is within reach. You’re probably thinking about getting out the home as the weather begins to warm in March and there’s a ton of noteworthy events to consider in Kansas City…

3/2/11 to 3/6/11 – Kansas City Auto Show

3/2/11 to 3/6/11 – Kansas City International Auto Show

3/3/11 to 3/4/11 – MIAA Basketball Championship

3/5/11 – Mardi Gras Festival

3/6/11 – Rascal Flats

3/9/11 – Little Big Town

3/9/11 to 3/12/11 – Big 12 Basketball Championship

3/10/11 – Kris Kristofferson & Merle Haggard

3/16/11 to 3/22/11 – NAIA Basketball Championship

3/17/11 – St. Patrick’s Day Parade

3/23/11 to 3/27/11 – Disney On Ice: Toy Story 3

3/25/11 to 3/27/11 – Kansas City HBA Home Show

3/31/11 – Kansas City Royals Opening Day

There are tons of local events going on in Kansas City, Johnson County KS, Overland Park, Lenexa, Olathe, Shawnee, Leawood and the surrounding areas this month. Check out this local event planner and this frequently updated calendar to see more and check here or here if you’re looking for local March concert schedules.

Posted by Jason A. Brown

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