Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Olathe Kansas Real Estate Update – September 2009

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


City of Olathe KS Real Estate Update
Past 15 Days of Olathe  Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 150 $222,097
–
Total Active Listings
 928
–
–
Newest Contracts Written
 110 $230,532 124
Newest Sold (Closed)
 79 $224,530 107

* 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.

Olathe Kansas Real Estate

Olathe Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Olathe Kansas, there’s currently 5.9 months of inventory on the market.  That’s a lot of inventory in Olathe for home buyers to consider.  The days on market on around 4 months on the homes that went under contract the past 15 days. The average sales price is pretty consistent across the recent Active, Pending and Sold homes, which is a good sign that Olathe home seller’s are probably pricing their homes appropriately for our current market.

Looking at 15 days of market stats is a small snap shot of local Olathe KS real  estate activity. Market conditions  will vary from one subdivision to another and sometimes one block to the next. If you want to see additional statistics on your specific community, we can make it happen.

View Past Olathe Kansas Real Estate Stats

Olathe Kansas Buyer’s Agents

Olathe Kansas Listing Agents

View All Olathe Kansas Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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Overland Park Kansas Real Estate Update – September 2009

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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
 169 $260,119
–
Total Active Listings
 1,045
–
–
Newest Contracts Written
 135 $246,132 68
Newest Sold (Closed)
 109 $228,418 94

* 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.

Real Estate In Overland Park KS

Real Estate In Overland Park KS

Using these past 15 days of market stats to figure the absorption rate in Overland Park Kansas, there’s currently 4.8 months of inventory on the market.  Still a buyer’s market but really not bad at all in our current real estate market. Of concern is the average sales prices across the Actives, Contracts written and homes Sold. This is telling us the average Overland Park seller feels their home is worth $260,000. However the average sales price of homes that went under contract during the same period was lower, at $246,000, The homes that actually Sold (closed) over the same period sold for even less – $32,000 less than the average sales price of the homes that came on the market during that time.

Looking at 15 days of market stats is a small snap shot of local Overland Park KS real estate activity. Market conditions also vary greatly from one Overland Park subdivision to another, so don’t take just a macro look at these market stats. If you’d like more information on the community you currently live or one you’re considering moving to, please don’t hesitate to request the information. You can post a comment below or email me directly.

View Past Overland Park KS Real Estate Stats

Overland Park KS Buyer’s Agents

Overland Park KS Listing Agents

View All Overland Park KS Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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Lenexa Kansas Real Estate Update – August 2009

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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 KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 51 $257,589
–
Total Active Listings
 351
–
–
Newest Contracts Written
 32 $259,014 67
Newest Sold (Closed)
 20 $251,250 112

* 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 Kansas Real Estate

Lenexa Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Lenexa Kansas, there’s currently 8.8 months of inventory on the market.  It’s clearly still a buyer’s market in Lenexa Kansas and with more than twice as many homes listed (51) as sold (20) over the past 15 days, there’s more inventory now on the market for buyers to consider.

Looking at 15 days of market stats is a small snap shot of Lenexa Kansas real estate activity. Market conditions vary greatly from one subdivision to another, so don’t take these Lenexa Kansas statistics to be indicative of all communities in the city. If you are considering buying or selling a home in Lenexa, I’d look forward to assisting you. I live in Western Lenexa and would look forward to assisting you in moving to or from the area.

View Past Lenexa Kansas Real Estate Stats

Lenexa Kansas Buyer’s Agents

Lenexa Kansas Listing Agents

View All Lenexa Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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Gardner Kansas Real Estate Update – August 2009

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


City of Gardner Kansas Real Estate Update
Past 15 Days of Gardner KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 17 $160,785
–
Total Active Listings
 175
–
–
Newest Contracts Written
 22 $155,230 71
Newest Sold (Closed)
 13 $172,569 139

* 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.

Gardner Kansas Real Estate

Gardner Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Gardner Kansas, there’s currently 6.7 months of inventory on the market.  This is a lot of inventory on the market but the stats have been stable over the past couple of weeks. Although there were fewer homes sold (13) than listings hitting the market (17), 22 homes that went under contract and that’s a good sign. It’s been a while since I’ve seen the average list price be lower than the average sales price over a 15-day period and that could promising for improving the sales rate in Gardner.

The 13 homes that sold took an average of 139 days to sell, so sellers will need to be patient when selling their homes.. Be aware that 15 days of market stats is just a recent snap shot of Gardner Kansas real estate activity. Market conditions also vary greatly from one subdivision to another, so if you need more detailed information please let me know. You can email me directly or post a comment.

View Past Gardner Kansas Real Estate Stats

Gardner Kansas Buyer’s Agents

Gardner Kansas Listing Agents

View All Gardner Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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Shawnee Kansas Real Estate Update – August 2009

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


City of Shawnee KS Real Estate Update
Past 15 Days of Shawnee Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 59 $228,511
–
Total Active Listings
 402
–
–
Newest Contracts Written
 55 $204,172 111
Newest Sold (Closed)
 40 $201,376 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.

Shawnee Kansas Real Estate

Shawnee Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Shawnee KS, there’s currently 5.03 months of inventory on the market.  Not terrible but still more homes coming on the market than homes selling. The Pending sales over the 15-day period were more comparable to the number of homes listed and that’s a promising sign that the Shawnee inventory is not currently being flooded.

I’m noticing a lot more homes being switched to Show For Backup rather than simply Pending when they go under contract.  This is a good idea in our current real estate market as sellers should continue to look for a backup offer in the event the first offer falls apart for some reason. In a seller’s market, the seller usually wants the home switched to pending so showings on the home are stopped. Also, keep in mind that 15 days of market stats is a small snap shot of local Shawnee Kansas activity. Market conditions vary greatly from one city to another and even one subdivision to another, so don’t take just a macro look at market activity. Contact me personally for assistance or you may request your subdivision market stats simply by making a comment on this blog post.

View Past Shawnee Kansas Real Estate Stats

Shawnee Kansas Buyer’s Agents

Shawnee Kansas Listing Agents

View All Shawnee Homes On Kansas City MLS

Posted by Jason A. Brown

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Overland Park Kansas Real Estate Update – August 2009

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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
 154 $261,199
–
Total Active Listings
 1,064
–
–
Newest Contracts Written
 130 $260,706 105
Newest Sold (Closed)
 116 $257,743 133

* 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.  CDOM = Cumulative Days On Market.

Overland Park Kansas Real Estate

Overland Park Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Overland Park KS, there’s currently 4 months of inventory on the market.  Having just four months of inventory on the market is excellent. Of course we all know that many sales are distressed sales – like desperate sellers, bank foreclosures and short sales – but that doesn’t change the fact that (1) Overland Park is holding steady with just 4 months of inventory on the market and (2) the average sales price the past 15 days ($257,743) is almost the same as the average listing prices seen over the same period ($261,199).

Overland Park has always been a steady market and proven to be one of the safest real estate investment areas in Kansas City.  Do keep in mind that looking at just 15 days of Overland Park market stats is a small snap shot of local activity. Market conditions can and do vary greatly from one city to the next, one subdivision to the next, one street to the next… So feel free to contact me with questions specific to your area.

View Past Overland Park Real Estate Stats

Overland Park KS Buyer’s Agents

Overland Park Kansas Listing Agents

View All Overland Park KS Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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Leawood Kansas Real Estate Update – July 2009

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


City of Leawood Real Estate Update
Past 15 Days of Leawood KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 32 $569,124
–
Total Active Listings
 404
–
–
Newest Contracts Written
 30 $460,963 124
Newest Sold (Closed)
 28 $407,552 133

* 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 6.3 months of inventory on the market.  There are still too many homes on the market for the number of sales we’re seeing in Leawood. However, for the first time in over a year we almost saw more homes sell (28) than homes come on the market (32). This is promising because the more inventory that’s on the market (supply) the lower housing prices will go.

A close look should be given to the average price of the Active, Under Contract and Sold homes. You can see the 32 new Leawood listings believed their homes were worth an average of $569,000. But the homes that contracts written had an average list price of $461,000 when they went under contract. The 28 homes that sold, did so at an average sales price of $408,000, which puts the average current list price at $188,000 greater than the average sales price over the past 15 days. It’s certainly a buyer’s market in Leawood Kansas.

Do keep in mind that looking at just 15 days of market stats is a small snap shot of Leawood KS activity. Market conditions also vary greatly from one subdivision to another and one home community can be doing well and the one next to it may be struggling. So don’t take just a macro look at market activity and feel free to contact me to discuss your specific home buying or selling situation.

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

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Olathe Kansas Real Estate Update – July 2009

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


City of Olathe KS Real Estate Update
Past 15 Days of Olathe Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 134 $223,091
–
Total Active Listings
 931
–
–
Newest Contracts Written
 103 $220,425 107
Newest Sold (Closed)
 66 $231,107 134

* 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.

Olathe Kansas Real Estate

Olathe Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Olathe Kansas, there’s currently 7.05 months of inventory on the market. This is higher than that’s what we’re seeing in Johnson County Kansas as a whole.  However, as we’ve also been seeing in other cities over the past several months, the number of contracts being written is higher than homes sold over the given period – which is a promising trend.

In Olathe, there were 37 more contracts written than homes closed (went under contract at some point previously). If we use the number of contracts pending (rather than solds) to figure the absorption rate, there’s 4.5 months of inventory on the market in Olathe. Of course, all those homes with contracts written would have to make it closing, which is never likely. Looking at 15 days of market stats is a small snap shot of Olathe Kansas local activity. Market conditions certainly vary greatly from one subdivision to another, so don’t take just a macro look at market activity. when making your real estate decisions. Contact me to obtain detailed market stats on the area that interests you.

View Past Olathe Kansas Real Estate Stats

Olathe Kansas Buyer’s Agents

Olathe Kansas Listing Agents

View All Olathe Kansas Homes On Kansas City MLS

Posted by Jason A. Brown

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Johnson County Kansas Real Estate Update – July 2009

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


Johnson County Kansas Real Estate Information
Past 15 Days of Johnson County KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 571 –
–
Total Active Listings
 3,289
–
–
Newest Contracts Written
 408 $245,946 96
Newest Sold (Closed)
 309 $266,218 118

* 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 KS Real Estate

Johnson County KS Real Estate

Using these past 15 days of market stats to figure the absorption rate in Johnson County Kansas, there’s currently 5.3 months of inventory on the market. If we use the 408 contracts written to figure the absorption rate (under the assumption that they all make it to closing – which they won’t), then the absorption rate would be an improved 4.0 months of inventory on the market in Johnson County KS.

The market is really looking better in terms of sales rate in the Johnson County KS area. We’re still seeing more homes listed than sold and since the months of inventory isn’t spiking this is an indication a significant amount of homes are going unsold/taken off the market by the sellers. This is not necessarily a bad thing because sellers simply running it up the flag pole further saturate the Kansas City real estate market.

Looking at 15 days of market stats is a small snap shot of local Johnson County KS activity. Market conditions also vary greatly from one city or subdivision to another, so don’t take just a macro look at market activity. Feel free to contact me to obtain detailed market stats on YOUR city, subdivision, zip code, etc.

View Past Johnson County KS Real Estate Stats

Johnson County KS Buyer’s Agents

Johnson County KS Listing Agents

View All Johnson County Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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Lenexa Kansas Real Estate Update – July 2009

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


City of Lenexa Real Estate Update
Past 15 Days of Lenexa KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 38 $275,180
–
Total Active Listings
 317
–
–
Newest Contracts Written
 35 $254,904 84
Newest Sold (Closed)
 33 $255,573 97

* 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 Kansas Real Estate

Lenexa Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Lenexa Kansas, there’s currently 4.17 months of inventory on the market.  This is not bad at all in our current market and is comparable  to what we’re seeing in the city of Overland Park as well.  Lenexa is a great community and one in which I live. It has a quietness to it that’s not found in some cities and that’s what really appeals to my family.

Looking at 15 days of market stats is a small snap shot of Lenexa KS activity. Market conditions also vary greatly from one subdivision to another, so don’t take just a macro look at market activity. Feel free to contact me to obtain detailed market stats on YOUR area.

View Past Lenexa Real Estate Stats

Lenexa Kansas Buyer’s Agents

Lenexa KS Listing Agents

View All Lenexa Homes On Kansas City MLS

Posted by Jason A. Brown

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