Shawnee Kansas Real Estate Update – August 2011

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Shawnee Kansas
15 Day Glance At The Shawnee KS Real Estate Market

After calculating the absorption rate over the past 15 days in Shawnee Kansas, we find the city has 9.0 months of inventory currently on the market. This amount of inventory indicates it remains a buyer’s market in the city of Shawnee. The average sales price over the last 15 days in Shawnee was nearly $213,000, while the average new listing to come on the market during the same time-frame had an average list price of about $237,000.

Type # Average $ Avg DOM
Listings Past 15 Days  36 $237,167
Total Active Listings 433
Newest Contracts Written 35 $226,690 162
Newest Sold (Closed) 24 $212,769 94

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 24 homes sold (closed) in Shawnee Kansas were on the market for 94 days. If you are making plans to buy or sell a home in Shawnee Kansas, we can provide you expert guidance through the process. Here’s information on how we can assist you with selling your Shawnee KS home or with buying a Shawnee KS home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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They Wouldn’t Dare Eliminate The Tax Incentive Associated With The Group Who Pays 85% Of Our Federal Tax Dollars

Checking The Pulse Of The Kansas City Real Estate Market

The Mortgage Interest Deduction is one of the biggest reasons many people purchase a home but the possibility that benefit could be eliminated is a great cause for concern for homeowners and potential home buyers. The debt ceiling agreement reached earlier this month added a Congressional Super Committee, which makes it easier for Congress to change tax laws…. and the Mortgage Interest Deduction is of course a very important tax law.


The Super Committee will be a group composed of six members of the House and six members of the Senate. The committee will be split up equally between democrats and republicans and has been directed to find ways to trim $1.5 trillion off the national deficit over a 10 year period. They can do so with revenue increases or spending cuts but if they don’t get it done in some fashion, automatic spending cuts will be “triggered”. It could be chaotic if that happened. 

Surely Congress will realize that eliminating the Mortgage Interest Deduction would harm the real estate market and that is the last thing we need. If there’s even a hint about eliminating the real estate stimulus that has been present since 1986, I have to assume the tsunami of protest that would hit Congress would be overwhelming. After all, 85% of ALL federal tax dollars brought in are paid by American who OWN homes (versus tax dollars paid by those rent or free-load off someone else).


Posted by Jason Brown

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Arlington Park Community Market Stats ~ Arlington Park Homes For Sale In Olathe KS

Checking The Pulse Of The Kansas City Real Estate Market

Arlington Park Real Estate Market Stats
Arlington Park Is A Home Community In Olathe KS

Looking over the Arlington Park market stats dating back a year to August 2010, 28 homes were put on the market and 22 homes were sold over the same year period. The average sales price in Arlington Park was $182,205 and the home community had sales prices ranging from $151,000 to $250,000.

Comparing the 7 Active homes for sale in Arlington Park to the 12-month sales rate in the subdivision, there’s 3.8 months of inventory currently on the market. This amount of inventory represents a balanced real estate market in the Arlington Park community. The average current list price of $188,557 is in line with sales prices the past year in the Arlington Park home community. Arlington Park is a popular Olathe Kansas subdivision and located near parks, shopping and dining amenities and near access to I-35 Highway in Olathe.

Arlington Park In Olathe Kansas

Arlington Park In Olathe Kansas

Arlington Park is located in southern Olathe Kansas and served by the Olathe School District. There’s approximately 390 homes in Arlington Park and many of the homes in the community were built from 1998 to 2003. If you are considering buying or selling a home in Arlington Park or in the surrounding Olathe Kansas area, we look forward to assisting you.

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 Posted by Jason Brown

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Camden Woods Community Market Stats ~ Camden Woods Homes For Sale In Leawood KS

Checking The Pulse Of The Kansas City Real Estate Market

Camden Woods Real Estate Market Stats
Camden Woods Is A Home Community In Leawood KS

Looking over the Camden Woods market stats dating back a year to August 2010, 16 homes were put on the market and 8 homes were sold over the same year period. The average sales price in Camden Woods was $377,306 and the home community had sales prices ranging from $299,000 to $450,000.

Comparing the 9 Active homes for sale in Camden Woods to the 12-month sales rate in the subdivision, there’s 13.5 months of inventory currently on the market. This amount of inventory makes it a buyer’s market in the Camden Woods area and there are some great options for buyers to consider. Camden Woods is a popular Leawood Kansas subdivision and located near parks, shopping and dining amenities.

Camden Woods In Leawood Kansas

Camden Woods In Leawood Kansas

Camden Woods is located in southern Leawood KS and served by the Blue Valley School District. There’s approximately 118 homes in Camden Woods and many of the homes in the community were built from 1999 through 2007.  If you are considering buying or selling a home in Camden Woods or in the surrounding Leawood area, please let me know how we can assist you.

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 Posted by Jason Brown

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Prairie Village Kansas Real Estate Update – August 2011

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Prairie Village Kansas
15 Day Glance At The Prairie Village KS Real Estate Market

After calculating the absorption rate over the past 15 days in Prairie Village Kansas, we find the city has 5.8 months of inventory currently on the market. This amount of inventory indicates a slight buyer’s market in the Prairie Village area. The average price of the new listings was around $235,000 and the average price of the homes that sold was closer to $218,000.

Type # Average $ Avg DOM
Listings Past 15 Days 33 $234,623
Total Active Listings 186
Newest Contracts Written 18 $188,139 107
Newest Sold (Closed) 16 $218,098 84

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

If you are making plans to buy or sell a home in Prairie Village Kansas, we’ll guide you through the process. Here’s details about how we assist Prairie Village home sellers and Prairie Village home buyers. Please contact us with any questions you may have and we look forward to assisting you!

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Posted by Jason Brown

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Despite Our Current Real Estate Market, 7 Out Of 10 Renters Want To Own A Home

Checking The Pulse Of The Kansas City Real Estate Market

The lack of home buyers in the Kansas City market place isn’t necessarily a sign that home buyers are never coming back to the market. A poll by the National Association of Realtors found that 72% of respondents indicate owning a home is a top priority in their future. I will say it until I’m blue in the face, a home is not JUST an investment… it’s where you live, where you raise a family, where you kick back and don’t have to worry about a landlord and neighbors being right on top of you at every turn.


Living in an apartment costs money too and if you told me I wouldn’t make $1 on my home, I’d STILL own a home rather than rent. It’s a way of life that I’m unwilling to give up. If you told me it would cost me more to live in my home that the home appreciates, I’d still choose to own a home. I can’t imagine renting and for my family there is no other option than home ownership. It would take a complete collapse of the economy and a return the great depression for me to feel otherwise. And if that happens, we have a lot bigger problems to worry about.

The 72% of renters that make owning a home a top priority is big jump from the 63% who said the same just a year ago. 2/3 of the people said now is a good time to buy… Hmm, they should call a Realtor because there’s some seriously motivated sellers and some amazing deals out there right now. When asked why home ownership matters, “stability and safety” were the top reason given and how do you put a price on that?

Posted by Jason Brown

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Lancaster Market Statistics Including Parkbridge, Brandon Place And Weybury In Overland Park KS

Checking The Pulse Of The Kansas City Real Estate Market

Lancaster Real Estate Market Stats
Including Parkbridge, Brandon Place and Weybury In Overland Park

Looking over the Lancaster market stats dating back a year to August 2010, 30 homes were put on the market and 21 homes were sold over the same year period. The average sales price the past year in Weybury at Lancaster was $241,550, the average sales price in Brandon Place at Lancaster was $304,650 and the average sales price in Parkbridge at Lancaster was $332,375.

Comparing the 9 Active homes for sale in Lancaster to the 12-month sales rate in the subdivision, there’s 5.1 months of inventory currently on the market. This is a good amount of inventory in our current market and the average current list price of $276,433 provides home buyer with some excellent options to consider. Parkbridge at Lancaster, Brandon Place at Lancaster and Weybury at Lancaster are popular Overland Park Kansas subdivisions and located near parks, shopping and dining amenities and near access to 69 and I-435 highways in Overland Park.

Lancaster In Overland Park Kansas

Lancaster In Overland Park Kansas

Lancaster is located in southern Overland Park Kansas and served by the Blue Valley School District. There’s approximately 452 homes in Lancaster and many of the homes in the community were built from 1995 to 1998. If you are considering buying or selling a home in Lancaster or in the surrounding Overland Park area, we can help you achieve your real estate objectives.

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 Posted by Jason Brown

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The Creator Of The Mafia Wars Game Just Bought A $100 Million Home… No Joke

Checking The Pulse Of The Kansas City Real Estate Market

I spent some time playing the Mafia Wars game on Facebook a couple of years ago and I knew the creators must have created some amazing wealth due to the games popularity. But to find out one of the investors has gone on to purchase the most expensive home in U.S history is truly amazing. Of course, the buyer of the home is also an investor in the Farmtown game, Twitter and Groupon. Must be a pretty smart guy.

Click the photo below to view more photos of Milner’s mansion, which is said to have matched Donald Trumps $100,000 home sale in 2008…



Posted by Jason Brown

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Estates Of Prairie Haven Community Market Stats ~ Estates Of Prairie Haven Homes For Sale In Olathe KS

Checking The Pulse Of The Kansas City Real Estate Market

Estates Of Prairie Haven Real Estate Market Stats
Estates Of Prairie Haven Is A Home Community In Olathe KS

Looking over the Estates Of Prairie Haven market stats dating back a year to August 2010, 24 homes were put on the market and 12 homes were sold over the same year period. The average sales price in Estates Of Prairie Haven was $208,454 and the home community had sales prices ranging from $163,000 to $262,950.

Comparing the 10 Active homes for sale in Estates Of Prairie Haven to the 12-month sales rate in the subdivision, there’s 10.0 months of inventory currently on the market. This amount of inventory represents a buyer’s market. The average current list price of $243,160 is quite a bit higher than the average sales price the past year in the community ($208,454). The Estates Of Prairie Haven 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.

Estates of Prairie Haven In Olathe KS

Estates of Prairie Haven In Olathe KS

Estates Of Prairie Haven is located in northwest Olathe Kansas and served by the Olathe School District. Many of the homes in the community were built from 1998 to home currently under construction. If you are considering buying or selling a home in Estates Of Prairie Haven or in the surrounding Olathe area, please let us know how we can assist you.

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 Posted by Jason Brown

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Lenexa Kansas Real Estate Update – August 2011

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Lenexa Kansas
15 Day Glance At The Lenexa KS Real Estate Market

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 7.2 months of inventory currently on the market. This considers the current volume of 292 homes for sale in Lenexa and the sales (closing) rate experienced the past 15 days in the city. This amount of inventory is considered a buyer’s market but Lenexa is still outpacing many Kansas City metro areas. The average list price the past 15 days was over $300,000 while the average sales price was about $212,000 and that’s a concern.

Type # Average $ Avg DOM
Listings Past 15 Days 43 $302,669
Total Active Listings 292
Newest Contracts Written 29 $251,645 115
Newest Sold (Closed) 19 $211,792 132

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The most recent 19 homes to sell in Lenexa were on the market an average of 132 days. If you’re considering selling or buying a home in Lenexa KS, we can provide you expert representation and guide you through the process.  Here’s more info about selling your Lenexa home and buying a Lenexa home. Please contact us with any questions you may have and we look forward to assisting you.

Lenexa Kansas Relocation Information

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Posted by Jason Brown

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