Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Overland Park Kansas Real Estate Update – November 2009

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

City of Overland Park Kansas Real Estate Update
 Past 15 Days of Overland Park KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 135 $269,807
–
Total Active Listings
 974
–
–
Newest Contracts Written
 83 $261,969 80
Newest Sold (Closed)
 108 $235,192 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.

Overland Park Kansas

Overland Park Kansas

Using these past 15 days of market stats to figure the absorption rate in Overland Park KS,  there’s currently 4.5 months of inventory on the market.  This is slightly worse than the 4.2 months of inventory we saw when we checked back in October. But in today’s real estate market, it’s pretty typical.  The days on market of the homes that sold was a solid 69, however it’s gotten longer (80) on the 83 homes that most recently went under contract. This is also not unexpected as we’re heading into the traditionally slow time of year for real estate sales.

Please keep in mind that this is just the most recent 15 days of Overland Park market stats. Market conditions  can vary greatly from one subdivision to another in Overland Park, so be sure to ask your Overland Park Realtor for the market stats specific to the community that interests you most.

View Past Overland Park Kansas Real Estate Stats

Overland Park Kansas Buyer’s Agents

Overland Park Kansas Seller’s Agents

View All Overland Park Kansas Homes On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Olathe KS Real Estate Update – November 2009

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

City of Olathe Kansas Real Estate Update
 Past 15 Days of Olathe KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 108 $220,805
–
Total Active Listings
 878
–
–
Newest Contracts Written
 73 $188,957 89
Newest Sold (Closed)
 97 $207,032 120

* 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.

Using these past 15 days of market stats to figure the absorption rate in Olathe Kansas, there’s currently 4.5 months of inventory on the market. 97 closed homes isn’t too bad when compared to the 108 homes that came on the market. Having 73 homes go under contract is a little low though and indicates it will take a while to eat the large amount (878) of existing home inventory in Olathe KS.

Looking at 15 days of market stats is a small snap shot of local Olathe Kansas real estate activity and market conditions also vary greatly from one Olathe subdivision to another. So don’t take just a glancing look at  local market activity. Instead, feel free to request detailed Active, Pending, Sold and Expired market stats on your subdivision of interest.

Click To View A City Of Olathe School Map

Click To View A City Of Olathe School Map

View Past Olathe KS Real Estate Stats

Olathe KS Buyer’s Agents

Olathe KS Listing Agents

View All Olathe KS Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Lenexa KS Real Estate Update – October 2009

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

City of Lenexa Kansas Real Estate Update
 Past 15 Days of Lenexa KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 34 $238,936
–
Total Active Listings
 301
–
–
Newest Contracts Written
 31 $232,569 135
Newest Sold (Closed)
 21 $230,444 89

* 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.

Lenexa KS Real Estate

Lenexa KS Real Estate

Using these past 15 days of market stats to figure the absorption rate in Lenexa Kansas, there’s currently 7.2 months of inventory on the market. That’s high and an indication that 300+ homes on the market is too much inventory for the 40 sale per month pace this 15-day period puts us on. The average sales prices are in line however, from the average list price ($238,936) to the average sold price over the past 15 days ($230,444).

The average days on market of the sold homes is 89 days and decent in our current market. However it should be noted that the 31 homes that went under contract took an average of 135 days to do so. Also, looking at 15 days of market stats is a small snap shot of local Lenexa Kansas activity. Market conditions can and do vary greatly from one subdivision to another, so be sure you request that your real estate agent give you the market stats of the specific Lenexa home community that interests you.

View Past Lenexa KS Real Estate Stats

Lenexa KS Buyer’s Agents

Lenexa KS Listing Agents

View All Lenexa Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Leawood Kansas Real Estate Update – October 2009

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

City of Leawood KS Real Estate Update
Past 15 Days of Leawood Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 26 $574,863
–
Total Active Listings
 363
–
–
Newest Contracts Written
 18 $308,531 57
Newest Sold (Closed)
 23 $429,886 174

* 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.

Leawood KS

Leawood KS

Using these past 15 days of market stats to figure the absorption rate in  Leawood Kansas, there’s currently 7.9 months of inventory on the market.  That’s deep into a buyer’s market in Leawood Kansas and the problem is there’s simply too many homes on the market (363) when compared to the number of homes being sold (23 the past 15 days). Setting aside the number of homes for sale and looking at just the past 15 days of market stats , those numbers are a little better — there were almost as many homes sold as homes coming on the market. Also, the days on market of the homes that sold was 174 but the 18 homes that went under contract did so in an improved 57 days. Still, there needs to be more sales to divide into the 363 available homes to make the Leawood real estate market more stable.

The average sales price is also a concern in Leawood KS as the new listings had an average list price around $145,000 higher than the average sales price seen during the same time period. Do keep in mind that looking at 15 days of market stats is a small snap shot of local activity. Market conditions vary greatly from one subdivision to another within Leawood Kansas and you should seek market stats that are specific to the area you are looking to buy or sell real estate.

View Past Leawood Kansas Real Estate Stats

Leawood Kansas Buyer’s Agents

Leawood Kansas Listing Agents

View All Leawood Kansas Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Down But Not Out: September 2009 Real Estate Stats Versus 2008, 2005 and 2002

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

September 2009 Real Estate Sales Versus 2008, 2005 & 2002
OVERLAND PARK KANSAS HOME SALES COMPARISON
Type
# Homes Sold
Avg Sales Price
Avg DOM
September 2009
 221 $249,607

123
September 2008
 183

$252,257

81
September 2005
 280 $254,222 61
September 2002
 243 $224,235 52

* Data pulled from Heartland MLS and deemed reliable but not guaranteed. 3rd Quarter = 7/1 thru 9/30.  DOM = Days On Market.

I received an email from an Overland Park reader who asked how Overland Park home sales were doing compared to past years, so above I’ve put together Overland Park’s September stats from this year and compared it to September 2008, September 2005 and September 2002. You can see home prices increased significantly from September 2002 ($224,000) to September 2005 ($254,000) and then stabilized through September 2009 ($249,000). This is what I’d expect to see as Overland Park is one of the safest real estate markets in the Kansas City metro area.

Here’s a look at a couple other large cities in the metro area, Lee’s Summit Missouri and Olathe Kansas. Notice the Days On Market (DOM) trend among all three cities. Since 2002 the days on market has roughly doubled in Overland Park and Lee’s Summit while Olathe hasn’t been quite as bad.  Sales prices in Lee’s Summit have fallen back to somewhere right in between 2002 and 2005. In Olathe, home sale prices have held a little more firm and are closer to 2005 prices than 2002 prices. All in all, these stats are what I would have expected to find and we’re fortunate that we’re talking about slight losses in average property values. Other areas of the country would certainly be rejoicing if they were dealing with similar market stats.

LEE’S SUMMIT MISSOURI HOME SALES COMPARISON
Type
# Homes Sold
Avg Sales Price
Avg DOM
September 2009
 111 $189,735

119
September 2008
 135

$206,071

118
September 2005
 194 $212,877 66
September 2002
 155 $180,922 58

* Data pulled from Heartland MLS and deemed reliable but not guaranteed. 3rd Quarter = 7/1 thru 9/30.  DOM = Days On Market.

OLATHE KANSAS HOME SALES COMPARISON
Type
# Homes Sold
Avg Sales Price
Avg DOM
September 2009
 176 $213,780

99
September 2008
 177

$226,513

92
September 2005
 275 $228,342 76
September 2002
 219 $195,306 58

* Data pulled from Heartland MLS and deemed reliable but not guaranteed. 3rd Quarter = 7/1 thru 9/30.  DOM = Days On Market.

View All Kansas City Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Shawnee Kansas Real Estate Update – October 2009

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


City of Shawnee Kansas Real Estate Update
Past 15 Days of Shawnee KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 70 $266,342
–
Total Active Listings
 365
–
–
Newest Contracts Written
 43 $210,963 77
Newest Sold (Closed)
 28 $213,966 155

* 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.

Shawnee Kansas Real Estate

Shawnee Kansas Real Estate

Using these past 15 days of Shawnee Kansas market stats to figure the absorption rate in Shawnee, there’s currently 6.5 months of inventory on the market.  That’s quite a bit of inventory in Shawnee Kansas and gives buyers plenty of homes from which to choose.  As has been the trend for some time in Shawnee Kansas, we continue to see more homes coming on the market (70) than closing (28) over the 15-day period. There were 43 homes that went under contract (including contingent offers) so that’s a promising number. If we used the 43 figure (assuming all those homes were to make it closing), the months of inventory calculation would drop to 4.2.

Looking at 15 days of Shawnee Kansas market stats is a small snap shot of local activity and market conditions  can and do vary greatly from one subdivision to another in Shawnee Kansas. Always take any market stats you see with a grain of salt. If you need market stats on your specific area – and you’ll want those if you’re considering a move to or from Shawnee – then please comment on this blog post or email me directly!

View Past Shawnee Kansas Real Estate Stats

Shawnee Kansas Buyer’s Agents

Shawnee Kansas Listing Agents

View All Shawnee KS Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Overland Park Kansas Real Estate Update – October 2009

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


City of Overland Park KS Real Estate Update
Past 15 Days of Overland Park Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 131 $237,676
–
Total Active Listings
 1,025
–
–
Newest Contracts Written
 127 $233,480 86
Newest Sold (Closed)
 121 $253,403 126

* 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.

Overland Park KS

Overland Park KS

Using these past 15 days of market stats to figure the absorption rate in Overland Park, there’s currently 4.2 months of inventory on the market.  This is good in our current real estate market and continues to show that Overland Park is one of the most solid real estate markets in the Kansas City area. It’s good to see that almost as many homes sold (121) as homes that came on the market (131) during this 15 day period.

Even better news is the $253,000 average sales price, which is even higher than the average sales price of the homes that came on the market. This is not something I’d expect to see in our current. Now do keep in mind that looking at 15 days of market stats is just a small snap shot of local Overland Park KS activity. Market conditions vary greatly from one part of the city to another, so be sure to contact me for real estate stats on the specific area of Overland Park that you’re interested.

View Past Overland Park Real Estate Stats

Overland Park Buyer’s Agents

Overland Park Listing Agents

View Overland Park Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Lenexa Kansas Real Estate Update – September 2009

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


City of Lenexa KS Real Estate Update
Past 15 Days of Lenexa Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 34 $271,246
–
Total Active Listings
 321
–
–
Newest Contracts Written
 29 $170,710 85
Newest Sold (Closed)
 23 $221,218 133

* 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.

Lenexa KS Real Estate

Lenexa KS Real Estate

Using these past 15 days of market stats to figure the absorption rate in Lenexa Kansas, there’s currently 6.9 months of inventory on the market. The most glaring fact I see here is that the average list price over the past 15 days was $271,246, while the average sales price over the same period was much lower — $221,218. Additionally, the average current list price of the homes that went under contract was an even lower $170,710.

Without a doubt, the average Lenexa home value is higher than the average list price seen over these 15 days ($170,710) and this is a good example of how a 15 day sampling of market activity does not tell the whole story about a real estate community. So take this snap shot with a grain of salt. It may show a pattern forming but you also need to look at month over month and year over year to determine an areas long-term trends. Market conditions in the City of Lenexa will also vary greatly from one area of the city to another, so be sure you take a look at a specific community’s stats – in addition to the general city stats – when making a decision to purchase or sell Lenexa Kansas real estate.  If you want to discuss these stats or obtain specific subdivision stats you may post a reply below or email me directly.

View Past Lenexa KS Real Estate Stats

Lenexa KS Buyer’s Agents

Lenexa KS Listing Agents

View All Lenexa Homes On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Leawood Kansas Real Estate Update – September 2009

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


City of Leawood KS Real Estate Update
Past 15 Days of Leawood Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 44 $501,683
–
Total Active Listings
 381
–
–
Newest Contracts Written
 28 $460,353 168
Newest Sold (Closed)
 17 $495,211 148

* 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.

Leawood Kansas Real Estate

Leawood Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Leawood Kansas, there’s currently 11.2 months of inventory on the market.  This is very high and with more homes coming on the market (44) than selling (17), Leawood  Kansas home sellers could be in for a tough fall.  This is a great time however for Leawood Kansas home buyers who have long wanted to live in the area. There’s a lot of great homes on the market and available at great prices too.

Keep in mind that looking at 15 days of Leawood KS market stats is simply a snap shot of local Leawood real estate activity. Market conditions vary greatly from one Leawood zip code to another and from one subdivision to another. So don’t take this overview of Leawood Kansas real estate activity to be an indication of any particular community within the city. Please let me know when you need specific statistics on your area by commenting on this post or emailing me directly.

View Past Leawood Kansas Real Estate Stats

Leawood Kansas Buyer’s Agents

Leawood Kansas Listing Agents

View All Leawood Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)

Johnson County Kansas Real Estate Update – September 2009

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


Johnson County KS Real Estate Update
Past 7 Days of Johnson County KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 596 –
–
Total Active Listings
 3,869
–
–
Newest Contracts Written
 401 $242,799 105
Newest Sold (Closed)
 185 $232,712 121

* 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.

Johnson County Kansas Real Estate

Johnson County Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in  Johnson County Kansas, there’s currently 10.5 months of inventory on the market.  That’s quite a bit of inventory and then more homes coming on the market than going off. But it’s interesting that more than DOUBLE the number of homes went under contract (401) as homes that sold (185) over the same 15 day period. If all those 401 homes made it closing (they all won’t), then the  months of inventory figured on this 15 day period would be a greatly improved 4.8 months of inventory.

Also, looking at 15 days of market stats is just a small snap shot of Johnson County Kansas real estate activity. Market conditions also vary greatly from one city to another and one subdivision to another. Be sure to look at the market stats that detail the precise area in which you’re looking to buy or sell a home. If you need additional information ,please post your request by commenting on this post – or you may email me privately.

View Past Johnson County Kansas Real Estate Stats

Johnson County Kansas Buyer’s Agents

Johnson County Kansas Listing Agents

View All Johnson County KS Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)