Heatherwood Community Market Stats ~ Heatherwood Homes In Overland Park KS

Checking The Pulse Of The Kansas City Real Estate Market
Heatherwood Real Estate Market Stats
Heatherwood Is A Subdivision In Overland Park Kansas

Looking over the Heatherwood market statistics dating back a year to April 2010, 20 homes were put on the market and 19 homes were sold over the same year period. The average sales price in Heatherwood was $194,283 and the subdivision saw a price range variance of $143,000 to $312,500. The villas in the area had an average sales price of $254,600 and the townhomes and duplexes in the area had an average sales price of $172,761.

Comparing the 2 Active listings in Heatherwood to the 12-month sales rate in the community, there’s 1.3 months of inventory currently on the market. This makes is a solid seller’s market and there’s been just a few choices on the market for area home buyers in recent months. Heatherwood is a popular Overland Park Kansas subdivision and located near parks, shopping and dining amenities and near access to 69 Highway in Overland Park.

Heatherwood In Overland Park Kansas

Heatherwood is located in southern Overland Park Kansas and is served by the Blue Valley School District. There’s approximately 210 homes in Heatherwood and many of the homes in the community were built from 1998 through 2001. If you’re planning to sell or buy a home in the Heatherwood community, please contact me to discuss your situation and receive expert real estate guidance.

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Posted by Jason A. Brown

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Lenexa Kansas Real Estate Update – April 2011

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 6.3 months of inventory currently on the market. This is an improvement over the 8.9 months of inventory in our March look at Lenexa’s stats. We were hoping to see the sales rate pick up with the weather but there were almost the same number of homes going under contract during the past 15 days as there were homes that closed. Although home sales in Lenexa haven’t picked up the past 15 days, we’re just now heading into the prime selling season.

Type

#

Average $

Avg DOM

Listings Past 15 Days

66 $295,140

Total Active Listings

327

Newest Contracts Written

25 $276,572 176

Newest Sold (Closed)

26 $246,249 185

* 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 days on market for both the homes that closed and those that recently closed is right around 6 months and higher than most Lenexa area sellers would prefer. The average list price the past 15 days was about $50,000 higher than the average sales price of the homes that closed. If your real estate goals involve buying or selling a home in Lenexa, these types of market stats will give you an advantage over your competition – whether that’s other Lenexa home sellers or home buyers. Please let us know when you’re ready to receive expert real estate guidance. 

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Posted by Jason A. Brown

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Taking A Look At The National Housing Stats As We Head Into The Prime Selling Season

Checking The Pulse Of The Kansas City Real Estate Market

My National Association or Realtors (NAR) reports that existing home sales in March rose 3.7% over February’s stats. The numbers were down 6.3% however when compared to March of last year. But we were still in the tax credit era at that time, so it’s not a real fair comparison to gauge last March against today’s real estate market. Comparing March stats to February’s however does bring better news to Kansas City home sellers as we head into the prime home selling season.


Existing home sales have in fact risen in all but 2 of the last 8 months. That’s great news. A NAR survey shows that 33% of homes purchased in March were bought by First Time Home Buyers. NAR also reports the average existing home price in March was just under $160,000 — an almost 6% drop from March of 2010 – and an astounding 40% of total sales were distressed properties, such as bank foreclosures and short sales.


Posted by Jason A. Brown

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The Estates Of Arbor Creek Market Stats ~ Arbor Creek Estates In Olathe KS

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

Looking over the Arbor Creek Estates market statistics dating back a year to April 2010, 13 homes were put on the market and 9 homes were sold over the same year period. The average sales price in Arbor Creek Estates was $316,029 and the subdivision saw sales prices from a low of $237,000 to a high of $377,500.

Comparing the 4 Active listings in Arbor Creek Estates to the 12-month sales rate in the community, there’s 5.3 months of inventory currently on the market. This is a good amount of inventory and makes for a stable real estate market in the area. The average current list of $311,188 is below the average sales price the past year so there are some great options for home buyers to consider in the Arbor Creek community. Arbor Creek Estates is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities.

Arbor Creek Estates In Olathe Kansas

Arbor Creek Estates is located in southeast Olathe Kansas and is served by the Olathe School District. There’s approximately 340 homes in the Arbor Creek community and many of the homes in the community were built from 2001 to 2006. If you’re considering purchasing or selling a home in The Estates of Arbor Creek or in a surrounding Olathe community, please contact us to receive expert real estate guidance.

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Posted by Jason A. Brown

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A Cost Effective Bathroom Staging Tip For Kansas City Home Sellers

Checking The Pulse Of The Kansas City Real Estate Market

Staging a home to sell is about more than giving a home a thorough cleaning and strategically placing some furniture. Those are great starting points of course, but as a seller works to make their home as appealing as possible to potential home buyers, they must take every reasonable step to get their home on par with the other area homes for sale. In fact, in today’s real estate market home sellers are having to go above and beyond to blow the competition away and win over the next home buyer that comes into the neighborhood and in to view their home. 

Staging a home has costs involved but when done properly, can be the key to getting a home sold.  In most cases, the costs of staging are made back up by generating a higher sales price. But the costs may need to be viewed as simply a preparation cost and necessary to get a home sold in today’s complicated real estate market — in other words the costs may not be recouped but could be the difference between for sale and sold. One of the biggest buyer turn-offs I see is dated ceramic tile. From your rose-colored 1960’s tile, to your 8×8 1970’s tile and almond 1980’s tile… out-dated tile can really hurt the eyes.  

Sellers who can’t afford to install new tile can neutralize the tile by painting it. We all know that tile is made with the specific goal of KEEPING things from attaching to the tile. But there are some great products out there – like Sherwin Williams Adhesion Primer – that are specifically designed to help paint adhere to tile. When choosing a primer, spend whatever it costs to get the best product available. If you don’t, the paint could be peeling off within a year. The finished paint can be either a latex or oil-based paint. Latex paint is easier to use and provides easy cleanup but may require multiple coats and won’t last as long. Oil based paint often requires one coat and are longer lasting but can be complicated to apply, hard to clean up and leave an odor in the home for several days.


Posted by Jason A. Brown

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Colton Lakes Community Market Stats ~ Colton Lakes Homes In Overland Park KS

Checking The Pulse Of The Kansas City Real Estate Market
Colton Lakes Real Estate Market Stats
Colton Lakes Is A Subdivision In Overland Park Kansas

Looking over the Colton Lakes market statistics dating back a year to April 2010, 6 homes were put on the market and 3 homes were sold over the same year period. The average sales price in Colton Lakes was $639,167 and the subdivision saw home sale prices ranging from $505,000 to $712,500.

Comparing the 4 Active listings in Colton Lakes to the 12-month sales rate in the community, there’s 16.0 months of inventory currently on the market. This amount of inventory makes it a clear buyer’s market in Colton Lakes.  The average current list price of $725,325 is higher than the average sales price ($639,167) over the past year in the community. The amount of inventory provides some solid options for buyers looking in the Colton Lakes area. Colton Lakes is a popular Overland Park Kansas subdivision and located near parks, shopping and dining amenities and near access to 69 Highway in Overland Park. 

Colton Lakes In Overland Park Kansas

Colton Lakes is located in southern Overland Park Kansas and is served by the Blue Valley School District. There’s approximately 31 homes in Colton Lakes and many of the homes in the community were built from 2006 to homes currently under construction. If your plans involved buying or selling a home in Colton Lakes or in the surrounding Overland Park area, please contact us and we look forward to discussing how we can assist you as your buyer’s agent or listing agent.

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Overland Park Kansas Real Estate Update – April 2011

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 9.4 months of inventory currently on the market. This is the same amount of inventory as when we checked the market stats in Overland Park about a month ago.  It’s still clearly a buyer’s market in Overland Park and we’ll need to see more closings or fewer new listings hitting the market if the months of inventory is to improve for area home sellers.

Type

#

Average $

Avg DOM

Listings Past 15 Days

183 $277,832

Total Active Listings

1,146

Newest Contracts Written

115 $269,630 130

Newest Sold (Closed)

61 $261,531 168

* 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 good news in the average sales price as it was reasonably below the average list price over the 15-day period. The number of homes that went under contract were nearly double the number of closings and this could mean significantly improved stats in the near future. When buying or selling a home in Overland Park Kansas, it’s important buyers and sellers have an agent representing their best interests. If your plans involve buying or selling a home in Overland Park, we look forward to going to work as your listing agent or buyer’s agent. Please let us know how we can assist you further.

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Posted by Jason A. Brown

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Higher FHA Mortgage Payments For Kansas City Home Buyers Now In Effect

Checking The Pulse Of The Kansas City Real Estate Market

The FHA changes we discussed back in February went into effect this week. This means higher mortgage insurance premiums on all FHA loans.  For example, Rick Woodruff with Metropolitan Mortgage explains this means a $33 higher monthly mortgage payment on a $163,000 home (with a 3.5% down payment). A Mortgage Insurance Premium (MIP) is the equivalent of Private Mortgage Insurance (PMI) seen on a typical conventional 15-year or 30-year fixed rate mortgage, where the borrower has less than 20% down payment (less than 20% equity in the home).

More than half of loans being provided today are FHA loans, so mortgage payments just got more expensive more a lot of potential home buyers. The increased fee is necessary to replenish the FHA’s cash reserves – so they can keep the FHA program afloat – and to meet the 2% minimum cash reserves that Congress mandates they have in cash on hand. This change only affects loans where the buyer goes under contract after today’s date. All buyers who went under contract yesterday or earlier and/or who already have a FHA loan in effect are unaffected by this change.


Posted by Jason A. Brown

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Falcon Ridge Villas Community Market Stats ~ Falcon Ridge Villas In Lenexa KS

Checking The Pulse Of The Kansas City Real Estate Market
Falcon Ridge Villas Real Estate Market Stats
Falcon Ridge Villas Is A Subdivision In Lenexa Kansas

Looking over the Falcon Ridge Villas market statistics dating back a year to April 2010, 16 homes were put on the market and 5 homes were sold over the same year period. The average sales price in Falcon Ridge Villas was $305,800 and the subdivision saw sales prices from $236,000 to $425,000.

Comparing the 10 Active listings in Falcon Ridge Villas to the 12-month sales rate in the community, there’s 24 months of inventory currently on the market. It’s clearly a buyer’s market in the area and with 10 homes on the market, there’s excellent choices for home buyers to consider. The average current list price of $387,045 is significantly higher than the average sales price the past year in the community. Falcon Ridge Villas remains a a popular Lenexa Kansas subdivision and located near parks, shopping and dining amenities and near access to K-10 and K-7 Highways in Lenexa.

Falcon Ridge Villas In Lenexa Kansas

Falcon Ridge Villas is located in western Lenexa Kansas and is served by the Olathe School District. There’s approximately 180 homes in Falcon Ridge Villas and many of the homes in the community were built from 1997 to 2005. If you’re considering purchasing a home in Falcon Ridge Villas or in selling an area home, please contact me and we look forward to discussing how we can assist you!

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St. Andrews Highlands Community Market Stats ~ St. Andrews Highlands Homes in Overland Park KS

Checking The Pulse Of The Kansas City Real Estate Market
St. Andrews Highlands Real Estate Market Stats
St. Andrews Highlands Is A Subdivision In Overland Park Kansas

Looking over the St. Andrews Highlands market statistics dating back a year to April 2010, 8 homes were put on the market and 10 homes were sold over the same year period. The average sales price in St. Andrews Highlands was $322,500 and the subdivision saw sales prices ranging from $210,000 to $322,500.

Comparing the 4 Active listings in St. Andrews Highlands to the 12-month sales rate in the community, there’s 4.8 months of inventory currently on the market. This is solid and that amount of inventory represents a stable real estate market in the St. Andrews Highlands area. The average current list price of $302,200 is lower than the average sales price the past year and there are some great options for home buyers to consider. St. Andrews Highlands is a popular Overland Park Kansas subdivision and located near parks, shopping and dining amenities and near access to 69 Highway in Overland Park.

St. Andrews Highlands In Overland Park KS

St. Andrews Highlands is located in southern Overland Park Kansas and is served by the Blue Valley School District. There’s approximately 175 homes in St. Andrews Highlands and many of the homes in the community were built from 1995 through 1999. If you’re considering selling or buying a home in St. Andrews Highlands, please contact me to discuss how we can assist you.

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