Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Overland Park Kansas Real Estate Market Update – April 2013 Update

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Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in the city of Overland Park Kansas and comparing it to the current volume of homes for sale in the city, we find there’s 4.8 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Overland Park. Be sure to note the incredible 191 homes that went under contract the past 15 days. If anything close to that rate continues, this spring will end up being outstanding one for Overland Park home sellers.

Type # Average $ Avg DOM
Listings Past 15 Days 239 $281,248 —
Total Active Listings 572 — —
Newest Contracts Written 191 $282,358 65
Sold (closed) Past 15 Days 59 $253,911 100

* 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 average new listing the past 15 days came on the market around $281,000, while the average sales price over the same period was nearly $254,000. We can assist you with buying or selling a home in Overland Park, so please contact us with the details of your home purchase or sale. You can also find details here regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Posted by Jason Brown

 

Real Estate Market In Kansas Continue Trends That Favor Home Sellers

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Checking The Pulse Of The Kansas City Real Estate Market


The latest Kansas Association of Realtors state-wide real estate stats (covering the month of February) indicate further improvement in both average sales prices and in the volume of homes sold (closed). Home sales increased another 3.4% in February compared to February 2011 market stats, following up last months big 11.6% jump.

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Although the state is still in a buyer’s market overall with 7.4 months of inventory on the market, the months of inventory continues to push towards a balanced real estate market – there was 7.7 months in inventory at last months check. 5 to 7 months of inventory is generally considered a balanced real estate market. The rise in home sale prices was even more impressive, with the average sales price rising an incredible 9.7% compared to February of last year. This follows up last month’s identical 9.7% increase.

Locally here in Johnson County Kansas, the real estate market remains solid for home sellers. Over the past month we saw 695 homes sold and comparing this sales rate against the current volume of homes for sale, it calculates to 3.1 months of inventory on the market. This is an improvement over last month’s  3.8 months of inventory. All of this represents a strengthening of the seller’s real estate market that has been present in Johnson County Kansas the past year. 


Posted by Jason Brown

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Olathe Kansas Real Estate Market Update – April 2013 Update

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Checking The Pulse Of The Kansas City Real Estate Market

Olathe Kansas Real Estate Update
Recent Real Estate Market Activity In Olathe KS

Looking at the past 15 days of real estate sales activity in the city of Olathe Kansas and comparing it to the volume of homes for sale in the city, there’s 2.7 months of inventory in the city. This amount of inventory indicates a seller’s real estate market in the city of Olathe. The average sales price the past 15 days was nearly $210,000, while the average new listing came on the market around $218,000.

Type # Average $ Avg DOM
Listings Past 15 Days 94 $217,662 —
Total Active Listings 495 — —
Newest Contracts Written 130 $227,994 80
Sold (closed) Past 15 Days 93 $209,597 92

* 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 93 homes sold (closed) in Olathe were on the market an average of 92 days. If you need the market stats on a specific area of Olathe, please contact us to request the information you need. We can assist you with buying or selling a home in Olathe or in any area of the metro, so please contact us for assistance. You can find more details here regarding selling an Olathe KS home and with buying an Olathe KS home.

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Posted by Jason Brown

 

Lenexa Kansas Real Estate Market Update – April 2013 Update

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Lenexa Kansas Real Estate Update
Recent Real Estate Market Activity In Lenexa KS

Looking at the past 15 days of real estate sales activity in the city of Lenexa Kansas and comparing it to the current volume of homes for sale in Lenexa, we find there’s 2.8 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Lenexa and it’s the lowest volume of inventory I’ve seen in the city in many years. The average new listing the past 15 days came on the market around $334,000, while the average sales price over the same period was around $264,000.

Type # Average $ Avg DOM
Listings Past 15 Days 37 $333,511 —
Total Active Listings 143 — —
Newest Contracts Written 40 $255,560 76
Sold (closed) Past 15 Days 26 $264,433 120

* 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 26 homes sold in Lenexa were on the market an average of 120 days. If you are looking to buy or sell a home in Lenexa and have questions about the area or market stats, please contact us for assistance. You can also find detailed information on our website regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

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Posted by Jason Brown

 

Is A Career As A Kansas City Real Estate Agent For You?

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Real estate has really changed since I got into the business 20 years ago. Back in the 1990’s, many home sellers chose a BROKER to sell their home and a REAL ESTATE AGENT just came along for the ride. Today, the majority of sellers are choosing a REAL ESTATE AGENT, and a BROKER comes along for the ride. That’s closer to the truth than many people realize. Indeed, it’s the real estate agents who drive today’s real estate business.

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Because more and more real estate agents want to “run a business” and not be told how things are done at every turn, different types of brokerages have sprouted up over the years. The Keller Williams model is one where the company isn’t afraid to make their AGENTS the focus. When I sit down with home sellers at a listing appointment, I explain to each of them that they need to be sure they hire an agent who they feel they’ll work well with because in the end it’s the REAL ESTATE AGENT who’s going to sell the home more so than the broker behind the scenes.

This isn’t to say the brokerages are irrelevant. Behind the scenes the smart brokerages are focused on helping the real estate agents succeed. When that happens, the home sellers and home buyers being represented by the agents succeed. Keller Williams Realty understands this and it’s the reason I’ve been with Keller Williams for a decade now. It’s also the reason that Keller Williams Realty has become the largest real estate company in the U.S by agent count.

Keller Williams reputation is built on providing agents with useful technology, the training they need, the profit-sharing other brokerages shun, the caring nature that has agents helping each other in the office and, not to be overlooked by a numbers guy like me, a commission structure that is AGENT friendly.  So if you’re considering starting a real estate career,  feel free to contact me with questions you may have.

Posted by Jason Brown

Leawood Kansas Real Estate Market Update – March 2013 Update

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Leawood Kansas Real Estate Update
Recent Real Estate Market Activity In Leawood KS

Looking at the past 15 days of real estate sales activity in the city of Leawood Kansas and comparing it to the current volume of homes for sale in Leawood, we find there’s 6.7 months of inventory in the city. This amount of inventory indicates a buyer’s real estate market in the city of Leawood. The average new listing the past 15 days came on the market around $382,000, while the average new listing came on the market at nearly $572,000.

Type # Average $ Avg DOM
Listings Past 15 Days 58 $571,881 —
Total Active Listings 187 — —
Newest Contracts Written 37 $489,710 82
Sold (closed) Past 15 Days 14 $382,132 142

* 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 14 homes sold (closed) in the city of Leawood Kansas were on the market an average of 142 days. If you need the current market stats on any particular area within Leawood Kansas, please contact us for assistance. Whether you looking to sell or buy a home we can help. You can also find more details here regarding selling a Leawood Kansas home and buying a Leawood Kansas home.

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Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – March 2013 Update

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Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in the city of Overland Park Kansas and comparing it to the current volume of homes for sale in Overland Park, we find there’s 3.2 months of inventory in the city. This amount of inventory indicates a clear seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $249,000, while the average sales price during the same period was around $256,000.

Type # Average $ Avg DOM
Listings Past 15 Days 179 $291,065 —
Total Active Listings 549 — —
Newest Contracts Written 183 $256,223 66
Sold (closed) Past 15 Days 85 $249,395 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.

The last 85 homes sold (closed) in Overland Park were on the market an average of 84 days. If you’re looking to buy or sell a home in Overland Park, let us know the area of Overland Park that most interests you so we can send you market stats relevant to your home purchase or sale. You can also find more details on our website regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Posted by Jason Brown

 

Volume Of Home Sales Up 11% In Kansas, Sales Prices Up 10%

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The latest released KAR state-wide stats (January’s stats) show the state of Kansas had further improvements in both volume of homes sold (closed) and in average home sales prices. Home sales volume jumped 11.6% in January compared to January 2011 market stats. This is another in a long line of monthly jumps and follows up a 15.9% increase in last month’s update.

Photo 1693

Average home sale prices rose 9.7% compared to January of last year and follows up last month’s 6.5% increase. There was an influx of new inventory during the month and January’s sales rate compared to the volume of homes for sale, resulting in 7.7 months of inventory on the market. There was 5.4 months of inventory in last month’s stats and the current volume of inventory represents a slight buyer’s market. This ends a run of 10 months of a balanced real estate market, but is likely more of a sign of the stats crossing the holiday season than a long-term trend. I expect by next month’s check the stats will have moved back into a balanced real estate market.

Locally here in Johnson County Kansas, the real estate market remains solid for home sellers. In the past 30 days there were 544 homes sold and comparing this sales rate against the current volume of homes for sale, there’s 3.8 months of inventory on the market. This is an improvement over last month’s 5.0 months of inventory and represents a seller’s market in Johnson County Kansas.


Posted by Jason Brown

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Shawnee Kansas Real Estate Market Update – March 2013 Update

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Shawnee Kansas Real Estate Update
Recent Real Estate Market Activity In Shawnee KS

Looking at the past 15 days of real estate sales activity in the city of Shawnee Kansas and comparing it to the current volume of homes for sale, we find there’s 3.1 months of inventory in the city. This amount of inventory indicates a seller’s real estate market and it’s the lowest volume of inventory I’ve seen in Shawnee Kansas since in more than five years. The average new listing the past 15 days came on the market around $243,000 and the average sales price during the same time period was nearly $216,000.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $242,585 —
Total Active Listings 225 — —
Newest Contracts Written 52 $246,595 91
Sold (closed) Past 15 Days 36 $215,662 159

* 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 36 homes that sold (closed) in Shawnee Kansas were on the market an average of 159 days. But that time is improving greatly as the last 52 homes that went under contract were on the market just 91 days on average. Whether you’re looking to buy or sell a home in Shawnee Kansas, my real estate group can assist you through the process. Please contact us with any real estate questions you may have and you will find more details here regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home.

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If You’ve Been Holding Off On Selling Your Johnson County KS Home, NOW Is The Time

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What kind of Kansas City real estate market are we heading into this spring? The demand for homes is high, the supply of homes is low and new home construction is returning to be a player in our local market. Homes are selling in Kansas City, Johnson County Kansas, Overland Park and the surrounding areas at prices not seen since 2007 and nationally homes sales are up more than 9% for the year.

Photo 1744

The supply of homes is low, so low in fact that we’re having trouble locating homes for many buyers. This is the reality of it, though I expect the typical influx of spring listings will go a long way towards satisfying home buyer demand. If you are thinking about selling, or if you’ve held off selling attempting to wait out the real estate downturn, now is the time to sit down with us, go over your situation, and let us get to work getting your home sold. Appropriately priced homes are selling within 30 days.

Nationally, the supply of homes is down more than 20% from this time last year and at a level not seen in EIGHT years.  I’ve seen new home starts sprouting up across the metro and we’re seeing brisk sales in new home communities that had struggled mightily the past several years. Something to consider for resale sellers, the more builders that get back in the market, the more competition it is when selling… And all things being equal, buyers will choose a new home over a resale home. With interest rates so low, now is truly a better time than any in recent memory to be selling a home and making a move.

Posted by Jason Brown