Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Shawnee Kansas Real Estate Update – May 2010

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

Looking over the past 15 days of Shawnee Kansas real estate market stats to figure the city’s absorption rate, there’s 4.4 months of inventory. This is not bad at all and Shawnee has posted back-to-back reasonable reports. The inventory is clearly being worked off at a decent rate though it should be noted trouble could be on the horizon. I’m concerned about having just 25 homes go under contract over the past 15 days. At that rate, there’s closer to 8 months of inventory on the market.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 60 $225,852
–
Total Active Listings
 407
–
–
Newest Contracts Written
 25 $255,922 84
Newest Sold (Closed)
 46 $207,469 119

* 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.

As with other local cities, we are still facing the problem of sellers believing there homes are worth more ($225,852) than homes are selling for ($207,469) the past 15 days. There’s a pleasant surprise in that the average priced home to go under contract the past 15 days was $255,922.

Shawnee Kansas is a popular Kansas City suburb located in Johnson County Kansas. If you’re considering selling or buying a Shawnee KS home, we’ll get you the market stats specific to your preferred area. We’ll help you make an informed real estate decision, so please let us know whenever you have questions or need community-specific market stats.

View Past Real Estate Stats On Shawnee KS

Buyer’s Agents In Shawnee KS

Seller’s Agents In Shawnee KS

Relocating to Shawnee KS

View All Listed Shawnee KS Homes For Sale

Shawnee Kansas

Shawnee Kansas

Shawnee Kansas Tip of the Day…
Fallen Shawnee KS Firefighter John Glaser Memorial Group
Posted by Jason A. Brown

Olathe Kansas Real Estate Update – May 2010

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Hands On The Heartland
 Checking The Pulse Of The Kansas City Real Estate Market

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

Today we take a look at the Olathe Kansas real estate market. Using the past 15 days of Olathe market stats (see chart below), we can figure the absorption rate in Olathe and then calculate the city currently has 6.7 months of inventory on the market. This is high but better than some other parts of the Kansas City metro area. To work off 900+ homes for sale in the city, we’ll need to pick up the pace of under 150 sales per month. The newest contracts written the past 15 days don’t indicate that’s the trend as there were almost the exact same amount of homes that went under contract as homes sold.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 103 $239,360
–
Total Active Listings
 933
–
–
Newest Contracts Written
 71 $233,323 77
Newest Sold (Closed)
 70 $212,475 109

* 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.

If you’re considering purchasing or selling a home in Olathe Kansas, you’ll need detailed market statistics on the areas that interest you. You’ll also need personalized real estate service and representation to get the best and deal and to make the home search efficient. Please let me know how I can assist you.

View Past Real Estate Stats On Olathe KS

Buyer’s Agents In Olathe KS

Seller’s Agents In Olathe KS

Relocating to Olathe KS

View All Listed Olathe KS Homes For Sale

Olathe Kansas

Olathe Kansas

Olathe Kansas Tip of the Day…
 View Slide Show Photos Of Olathe Kansas

Posted by Jason A. Brown

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Lenexa Kansas Real Estate Update – May 2010

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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

Using the past 15 days of Lenexa Kansas market stats in the chart below, there’s currently 5.25 months of inventory on the market in Lenexa. This is decent in our current real estate market. However, it’s the sale prices that are a concern here. The average seller the past 15 days believes their home is worth $365,000 while the average home sold over the same period in Lenexa was around $261,000 — more than a $100,000 difference. The 38 homes that wend Pending had an even lower average list price ($247,672) when they went under contract.

Type
#
Average $
Avg CDOM
Listings Past 15 Days
 40 $365,196
–
Total Active Listings
 315
–
–
Newest Contracts Written
 38 $247,672 169
Newest Sold (Closed)
 30 $261,480 187

* 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. CDOM = Continuous Days On Market.

If you’re interested in buying or selling a home in Lenexa Kansas, we’d look forward to assisting you. As your Lenexa Kansas Realtor we’ll get you the market information to make an informed real estate decision. Please let me know how we can assist you with your Lenexa KS real estate needs.

View Past Real Estate Stats On Lenexa Kansas

Buyer’s Agents In Lenexa Kansas

Seller’s Agents In Lenexa Kansas

Relocating to Lenexa Kansas

View All Listed Lenexa Kansas Homes For Sale

Lenexa Kansas

Lenexa Kansas

Lenexa Kansas Tip of the Day…
Lenexa Kansas New Resident Guide

Posted by Jason A. Brown

Overland Park Kansas Real Estate Update – May 2010

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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

Below are the past 15 days of market stats for real estate in the city of Overland Park Kansas. We can figure the absorption rate using these figures and doing so then tells us there’s currently 4.1 months of inventory in Overland Park. This is much better than we’ve seen in other areas and even in Overland Park recently. The improvement lies in an average of a 264 per month sale pace. Even more impressive is the 190 contracts written over the same period. That is no doubt fueled by the tax credit that ended last week — yet still great to see.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 179
 $283,277
–
Total Active Listings
 1,085
–
–
Newest Contracts Written
 190
 $246,181 93
Newest Sold (Closed)
 132
 $254,289 86

* 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 are still pricing their homes higher than what the market is bearing however. The average list price was $283,277, which is about $30,000 higher than the average home sold for over the same period. If you’re considering buying or selling real estate in Overland Park Kansas, we look forward to assisting you. We’ll give you the market stats and representation to make an informed decision.  Please let me know when you’re ready for personalized real estate service.

View Past Real Estate Stats On Overland Park KS

Buyer’s Agents In Overland Park KS

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Overland Park Kansas

Overland Park Kansas

Overland Park Kansas Tip of the Day…
Utility Companies Serving Overland Park Kansas

Posted by Jason A. Brown

Leawood Kansas Real Estate Update – April 2010

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

Using the past 15 days of market stats we can analyze the absorption rate in Leawood Kansas and compare it to the volume of homes on the market. The results show there are 20 months of real estate inventory on the market in Leawood. This is very high and seeing just 9 homes sales in the entire city of Leawood during the past 15 days is very concerning.  The average sale price of those 9 homes was around $342,000, which is much lower than the $575,000 average list price of the 51 homes that cam on the market during the same period.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 51
 $575,522
–
Total Active Listings
 358
–
–
Newest Contracts Written
 44
 $484,206 82
Newest Sold (Closed)
 9
 $342,952 69

* 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 some better news in the number of homes that went under contract (44) and in the average list price of those homes when they went under contract ($484,000). If you’re considering a Leawood Kansas home purchase or sale, I’ll get you the market stats on the specific areas of Leawood that interest you. Please let me know how I can assist you with buying or selling a home in Leawood.

View Past Real Estate Stats On Leawood Kansas

Buyer’s Agents In Leawood Kansas

Seller’s Agents In Leawood Kansas

Relocating to Leawood Kansas

View All Listed Leawood Kansas Homes For Sale

Leawood Kansas

Leawood Kansas

Leawood Kansas Tip of the Day…
Leawood Kansas Parks & Rec

Posted by Jason A. Brown

Johnson County Kansas Real Estate Update – April 2010

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Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for Johnson County Kansas
Past 15 Days of Johnson County KS Market Activity

Using the most recent 15 days of Johnson County market stats we can determine there’s currently 6.8 months of inventory on the market. This is a buyers market but within range of being a stable market. Looking at the sales rates in Johnson County Kansas and comparing it to the current inventory of homes on the market helps us track the supply and demand of real estate in Johnson County Kansas. This is important because if the market is a buyer’s market then as a buyer you want to ideally be getting as good a deal as the buyer down the street.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 920
 –
–
Total Active Listings
 4126
–
–
Newest Contracts Written
 646
 –
 –
Newest Sold (Closed)
 305
 $222,509 86

* 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.

Of course, smart home sellers will hire a listing agent who provides solid representation to try to counter demanding home buyers. If you’re considering selling or buying a home in Johnson County Kansas, we look forward to learning more about your real estate situation. We’ll get you the market stats and information  you need to make an informed buying or selling decision.

View Past Real Estate Stats On Johnson County Kansas

Buyer’s Agents In Johnson County Kansas

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Johnson County Kansas

Johnson County Kansas

Johnson County Kansas Tip of the Day…
Info On Johnson County KS Parks & Recreation

Posted by Jason A. Brown

Hottest Real Estate Markets In The Kansas City Metro Area

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Checking The Pulse Of The Kansas City Real Estate Market

I thought it would be interesting to see which Kansas City metro cities are currently seeing the best sales rates. If we went strictly by gross number of sales, the largest cities would of course dominate the rankings. Instead, I wanted to see how many months of inventory was present in each city.  In other words, I’ve compared the past 30 days sales rate against the current number of homes on the market. I wrote down the largest 20 cities that came to mind and after running the numbers here’s the hottest real estate markets in Kansas City…

#1. Prairie Village, 5.1 months of inventory
#2. Olathe, 6.8 months of inventory
#3 (tie). Overland Park, 7.4 months of inventory
#3 (tie). Lenexa, 7.4 months of inventory
#5. Shawnee, 7.6 months of inventory
#6. Raymore, 8.6 months of inventory
#7. Lee’s summit, 9.8 months of inventory
#8. Liberty, 9.8 months of inventory
#9 (tie). Kansas City, 10.4 months of inventory
#9 (tie). Leawood, 10.4 months of inventory


Prairie Village and it’s charm came in with a solid 5.1 months of inventory and that’s as close to a stable market as you’ll see today. Johnson County had the most cities in the top 10, easily outpacing other surrounding Kansas City metro area counties.

Posted by Jason A. Brown

Shawnee Kansas Real Estate Update – April 2010

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

Using the past 15 days of market stats in the chart below to figure the absorption rate in Shawnee KS, we can determine there’s 8.7 months of inventory currently on the market in the city. This is high and it’s clearly still a buyer’s real estate market in Shawnee. At a pace of 48 sales per month, it’s going to take some time to sell of the 400+ Active areas listings. The sales prices of both the homes that have Sold (closed) and the homes that have gone under contract in the past 15 days have been very consistent, all being in the $230’s average price range.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 88 $235,515
–
Total Active Listings
 415
–
–
Newest Contracts Written
 70 $230,915 105
Newest Sold (Closed)
 24 $239,340 75

* 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.

If you’re considering selling or buying a home in Shawnee Kansas, you’ll need more than just 15 days of market stats. You’ll want to the an expanded history of Shawnee Kansas stats as well as the market information particular to the subdivision where you’re considering buying or selling a home. Please let us know how we can assist you.

View Past Real Estate Stats On Shawnee Kansas

Buyer’s Agents In Shawnee Kansas

Seller’s Agents In Shawnee Kansas

Relocating to Shawnee Kansas

View All Listed Shawnee Kansas Homes For Sale

Shawnee Kansas

Shawnee Kansas

Shawnee Kansas Tip of the Day…
Shawnee Kansas Relocation Info Brochures

Posted by Jason A. Brown

Overland Park Kansas Real Estate Update – April 2010

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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

Using the past 15 days of Overland Park market stats below, we can calculate that there’s currently 7.1 months of inventory on the market. This is high and clearly it’s still a buyer’s market overall in the city of Overland Park. To work off the 1,100+ homes for sale in the city, we’ll need to close homes at a rate better than 160 per month. It is a concern that the average seller in Overland Park the past 15 days believes there home is worth about $300,000, while the average sales price over the same period was around $233,000.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 253
 $300,017
–
Total Active Listings
 1,132
–
–
Newest Contracts Written
 161
 $244,901 76
Newest Sold (Closed)
 80
 $232,804 95

* 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.

Despite the numbers above, Overland Park outpaces much of the area in stability and has many of the most sought after residential areas. If you’re considering selling or buying an Overland Park Kansas home, you’ll need more than just 15 days of market stats. You’ll also need market stats specific to the subdivision or home communities that interest you most.  We’re ready to go to work as your Overland Park Realtors, so don’t hesitate to let us know how we can assist you with your area home purchase or sale.

View Past Real Estate Stats On Overland Park KS

Buyer’s Agents In Overland Park KS

Seller’s Agents In Overland Park KS

Relocating to Overland Park KS

View All Listed Overland Park KS Homes For Sale


Overland Park Kansas Tip of the Day…
Overland Park Kansas Interactive Map
Posted by Jason A. Brown

Olathe Kansas Real Estate Update – March 2010

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

Using the past 15 days of market stats in the chart below, we can figure the absorption rate in Olathe Kansas. Defining an areas absorption rate then allows us to compare the demand of homes against the current supply of Olathe Kansas real estate inventory. At the current absorption rate, there’s 7.2 months of inventory on the market in Olathe Kansas. This is high and we need to see more than a 134 sale per month pace to work off the 962 homes that are currently for sale in the city.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 184 $222,306
–
Total Active Listings
 962
–
–
Newest Contracts Written
 134 $198,747 65
Newest Sold (Closed)
 67 $213,394 84

* 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.

Whether you’re considering selling or buying an Olathe Kansas home, we look forward to assisting you. If you’re considering selling your home, we give you the straight facts to help you make the most informed decision possible. We don’t blow smoke or manipulate the market stats in any way as it’s important for you to consider the factors that buyers, buyer’s agents and appraisers are going to be considering when looking at your home. If you’ll be buying an Olathe home, we do a CMA (like we do for sellers), so you can get an excellent view of what’s going on with the specific Olathe real estate market that matters to you.  When it’s time to contact an Olathe Kansas Realtor, I look forward to learning more about your real estate situation.

View Past Real Estate Stats On Olathe KS

Buyer’s Agents In Olathe KS

Seller’s Agents In Olathe KS

Relocating to Olathe KS

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Olathe Kansas Tip of the Day…
Olathe Installing New Water Meters

Posted by Jason A. Brown