Monthly Archives: May 2011

Ravenwood Place Community Market Stats ~ Ravenwood Place Homes For Sale In Olathe KS

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Ravenwood Place Real Estate Market Stats
Ravenwood Place Is A Home Community In Olathe KS

Looking over the Ravenwood Place market stats dating back a year to May 2010, 15 homes were put on the market and 7 homes were sold over the same year period. The average sales price in Ravenwood Place was $219,929 and the home community had sale prices ranging from $207,000 to $240,000.

Comparing the 9 Active homes for sale in Ravenwood Place to the 12-month sales rate in the subdivision, there’s 15.4 months of inventory currently on the market. This is a lot of inventory and it’s clearly a buyer’s market in Ravenwood Place. The average current list price of $227,272 is just a little higher than the average sales price the past year in the community, so there’s some great opportunities for home buyers to consider. Ravenwood Place is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities and near access to K-7 and K-10 highways in Olathe.

Ravenwood Place In Olathe Kansas

Ravenwood Place In Olathe Kansas

Ravenwood Place is located in northwest Olathe Kansas and served by the Olathe School District. There’s approximately 231 homes in Ravenwood Place and many of the homes in the community were built from 1999 to 2006. If you are considering buying or selling a home in Ravenwood Place or in the surrounding Olathe KS area, we look forward to assisting you.

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Posted by Jason Brown

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The True Meaning Of Memorial Day…

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The true meaning of Memorial Day…


Thanks to every one of you who has ever served our country. Your doing so allowed me to do a walk-through with a client this morning and then head home to be with my family and celebrate Memorial Day. God Bless you and God Bless America!


Posted by Jason Brown

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Memorial Day Weekend Is Here, Community Pools Are Opening And Lake Of The Ozarks Trips Are Being Planned

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Memorial Day weekend is finally here, thus kicking off the summer season in Kansas City. For the past month, every time we pass by the pool in our subdivision, the kids bring up how excited they are to jump in. I’m amazed that kids easily forget just how cold the pool is each Memorial Day… or maybe they just don’t care. Anyhow, the time is here as nearly every subdivision pool located and managed by an HOA in the Kansas City area is set to open this weekend. I’m thinking there’s not going to be a single parent in the pool with the cold water and outside temperatures hovering in the 70’s. The Memorial Day weekend also starts the summer season of planning weekend trips to the Lake of the Ozarks.


If you’re new to Kansas City area, many people have a second home at the Lake and others plan a trip or two down to the Lake each summer and stay at an area resort. The three-hour drive is well worth the time to get away for a weekend and if you have a boat it’s even better! If you don’t you can rent a pontoon, though that’s probably not recommended on a holiday weekend. I’ve seen fourth of July weekends where the water literally looked like rough ocean water.  If you’re brave enough to travel by water and hang out with the crazies, check out Party Cove… and, if you’re like me and have kids and are afraid of what the kids might see at party cove, Osage Beach is a better option for taking a break from the water activities — you’ll find shopping, dining and fun things to do.


Posted by Jason Brown

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Mill Creek Meadows Community Market Stats ~ Mill Creek Meadows Homes For Sale In Shawnee KS

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Mill Creek Meadows Real Estate Market Stats
Mill Creek Meadows Is A Subdivision In Shawnee Kansas

Looking over the Mill Creek Meadows market statistics dating back a year to May 2010, 7 homes were put on the market and 4 homes were sold over the same 12-month time frame. The average sales price in Mill Creek Meadows was $243,875 and the subdivision experienced sales prices ranging from $219,000 to $259,000.

Comparing the 4 Active listings in Mill Creek Meadows to the 12-month sales rate in the community, there’s 12.0 months of inventory currently on the market. This is an indication it’s a buyer’s market in the area. The average current list price of $250,700 is well in line with average sales prices the past year, so there’s some great options for home buyers to consider in the Mill Creek Meadows home community. Mill Creek Meadows is a popular Shawnee Kansas subdivision and located near parks, shopping and dining amenities and near access to K-7 Highway in Shawnee. 

Mill Creek Meadows In Shawnee Kansas

Mill Creek Meadows is located in western Shawnee Kansas and is served by the De Soto School District. There’s more than 125 homes in Mill Creek Meadows and many of the homes in the community were built from 2001 to 2003. If you’re considering selling or purchasing a home in the Mill Creek Meadows community or in the surrounding area, please contact us for assistance.

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Shawnee Kansas Relocation Info

 

Posted by Jason A. Brown

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Olathe Kansas Real Estate Update – May 2011

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Real Estate Info for The City of Olathe Kansas
Recent 15 Days of Olathe KS Market Activity

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 8.3 months of inventory currently on the market. This amount of inventory indicates it remains a buyer’s market in the Olathe area. The average sales price the past 15 days looks solid though and was actually higher than the average priced new listing to come on the market over the same period of time. It’s still taking some time for Olathe home sellers to get to the closing table – 199 days on average for the most recent 59 home sales in Olathe.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 155 $235,006

–

Total Active Listings

 982

–

–

Newest Contracts Written

 106 $204,099 115

Newest Sold (Closed)

 59 $252,772 199

* 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.

An impressive number of Olathe homes went under contract (106) and hopefully the vast majority of those make it through to closing. If your real estate plans involve selling or buying a home in Olathe Kansas or in the surrounding areas, please contact me to discuss your situation. We look forward to learning about your real estate objectives and working to help you achieve them. 

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Buyer’s Agents In Olathe Kansas

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Olathe Kansas

Olathe Kansas

Featured Olathe Kansas Link…
Map Of Olathe Kansas Restaurants
Posted by Jason A. Brown

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A Year Of Real Estate Market Stats Covering the Entire Kansas City Metro Area

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Here’s a look at the real estate stats for the entire Kansas City metro MLS area. This includes  Johnson County Kansas, Overland Park, Olathe, Leawood, Lenexa, Shawnee, Prairie Village, Lee’s Summit, Independence, Blue Springs, Grandview, Liberty, KCK and every listing in between that reports to the MLS. The graph below is a look at the past 14 months of real estate activity. You’ll see in the light green area that there was a significant dip in the volume of homes on the market in January and February. Since that time, the spring real estate market has brought the typical jump in the number of Kansas City homes for sale. But we’re still below the volume of homes that were on the market this time last year and that’s a good sign.

We won’t compare April’s sales rate to last April’s because you can see last year’s stats were grossly inflated by the home buyer tax credit that was still in effect. Looking at just the past few months, sales in both March and April (individually) were better than and other month since the tax credit ended (with the exception of July last year).

Posted by Jason A. Brown

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Brookhollow Community Market Stats ~ Brookhollow Homes In Overland Park KS

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Brookhollow Real Estate Market Stats
Brookhollow Is A Subdivision In Overland Park Kansas

Looking over the Brookhollow market statistics dating back a year to May 2010, 7 homes were put on the market and 7 homes were sold over the same year period. The average sales price in Brookhollow was $341,000 and the subdivision had sale’ prices ranging from a low of $282,000 to a high of $360,000.

Comparing the 3 Active listings in Brookhollow to the 12-month sales rate in the community, there’s 5.1 months of inventory currently on the market. This is a good amount of inventory and represents a stable real estate market in the Brookhollow community. The average current list price of $321,583 is below the average sales price the past year in the subdivision. Brookhollow is a popular Overland Park Kansas community and located near parks, shopping and dining amenities and near access to 69 Highway in Overland Park.

Brookhollow In Overland Park Kansas

Brookhollow is located in southern Overland Park Kansas and is served by the Blue Valley School District. There’s approximately 105 homes in Brookhollow and many of the homes in the community were built from 1999 to 2004. If you’re considering buying or selling a home in the Brookhollow community, please contact us to receive expert real estate guidance.

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Posted by Jason A. Brown

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Oak Hill Community Market Stats ~ Oak Hill Homes For Sale In Lenexa KS

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Oak Hill Real Estate Market Stats
Oak Hill Is A Subdivision In Lenexa Kansas

Looking over the Oak Hill market statistics dating back a year to May 2010, 12 homes were put on the market and 9 homes were sold over the same year period. The average sales price in Oak Hill was $241,609 and the community experienced sales prices ranging from $162,000 to $305,000.

Comparing the 4 Active listings in Oak Hill to the 12-month sales rate in the community, there’s 5.3 months of inventory currently on the market. This is a solid amount of inventory and indicative of a stable real estate market in the Oak Hill community. The average current list price of $276,725 is moderately higher than the average sales price the past 12 months in the community. Oak Hill is a popular Lenexa Kansas subdivision and located near parks, shopping and dining amenities and near access to I-435 and I-35 highways in Lenexa.

Oak Hill In Lenexa Kansas

Oak Hill is located in eastern Lenexa Kansas and is served by the Shawnee Mission School District. There’s approximately 314 homes in Oak Hill and many of the homes in the community were built from 1985 to 1998. If you’re considering buying or selling a home in the Oak Hill community, please contact us to discuss how we can help make your move a smooth transition.

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Posted by Jason A. Brown

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Overland Park Kansas Real Estate Update – May 2011

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 9.2 months of inventory currently on the market. This amount of inventory represents a continuation of a buyer’s market in Overland Park Kansas. Though the numbers of home sold (closed) the past 15 days wasn’t too impressive, more than double that number of homes went under contract. If the 143 homes that went under contract were to make it the closing table, the amount of inventory (calculated on the current volume of 1,150 homes for sale in Overland Park) could be re-calculated at right around 4 months of inventory. 

Type

#

Average $

Avg DOM

Listings Past 15 Days

 183 $280,675

–

Total Active Listings

 1,150

–

–

Newest Contracts Written

 143 $273,525 97

Newest Sold (Closed)

 63 $234,684 107

* 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.

Home sellers in Overland Park who did get their homes under contract the past 15 days did so in an impressive 97 days on average. It’s concerning though that the average priced new listing came on the market around $280,000, while the average sales price was in the mid $230’s. If your real estate goals involve buying or selling a home in Overland Park Kansas or the surrounding area, please contact me to discuss how we can assist you. We look forward to learning the details surrounding your plans to buy or sell an area home and helping you achieve your real estate goals. 

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Buyer’s Agents In Overland Park KS

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Overland Park Kansas

Overland Park Kansas

Featured Overland Park Kansas Link…
Map Of All The Hotels Near Overland Park KS
Posted by Jason A. Brown

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Another Cost Effective Bathroom Staging Tip For Kansas City Home Sellers

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We’ve discussed how staging a home is much more than just doing a thorough cleaning and moving a couch and some decorations here and there. Organizing and simplifying are great ideas but staging is about using the most cost-effective means to improve your home and help you net the most when selling your investment. Your goal should be to bring your home up to par with the competition or to go the extra mile to position yourself ahead of the competition in home buyers minds. For years, in a seller’s market, the former was good enough. But more recently, today’s buyer’s market demands Kansas City home sellers look closely at going the extra mile.


A staging tip that we’re seeing used often is replacing dated half bathroom vanities with pedestal lavatories. Pedestal lavatories, like the one above, are cost-effective, easy to install and provide a very clean finished look. Probably the biggest consideration when changing from a cabinet vanity to a pedestal lavatory is the flooring that’s been hidden under the old cabinet vanity.  Is it in good shape, bad shape or discolored? It could likely require installing new flooring but that can also make sense. A bathroom area is such a small amount of square footage that the cost of new flooring can be very manageable as well… and imagine how the bathroom will look with new flooring and eye-popping pedestal lavatory.


Posted by Jason A. Brown

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