Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Overland Park 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 Overland Park Kansas Real Estate Update
Past 15 Days of Overland Park KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
200
280,534
–
All Active Listings
1124
–
–
Newest Contracts
137
254,110
75
Newest Sold (Closed)
133
248,170
91

* 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 Overland Park Kansas, there’s currently 4.2 months of inventory on the market.  This is improving and Overland Park continues to be one of the most resilient real estate markets in the country. There were even a few more homes that went pending than closed, so it’s possible the next 30 days could be even better. We’ll see if sales rates continue to improve.

Please keep in mind that looking at 15 days of market stats is just a small snap shot of local Overland Park Kansas real estate activity. Market conditions also vary greatly from one subdivision to another and you don’t have to take just a macro look at market activity. You can feel free to contact me to obtain detailed market stats on YOUR specific city, community or subdivision within Overland Park, Overland Park zip code, etc.

View Past Overland Park KS Real Estate Stats

Overland Park Buyer’s Agents

Overland Park Listing Agents

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Posted by Jason A. Brown

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Olathe Kansas Real Estate Update * Olathe KS Market Stats

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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

Olathe Kansas Real Estate Market Stats <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

148

$239,495

–

View Newest Listings

Total Active Listings

964

–

–

–

Newest Under Contract

112

$230,258*

110

View Newest Under Contract

Newest Solds (Closed)

88

$219,236

103

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the AM on 6/12/09.

 

In the city of Olathe Kansas there continues to be more homes coming on the market than homes going under contract (i.e. pending) or than homes being sold (closed). This creates a further surplus of supply in Olathe KS. Using the past 15 days as a basis for figuring the absorption rate in Olathe, there’s nearly 5.5 months of inventory on the market. If we instead use the 112 homes that went under contract as the basis for figuring the absorption rate, we see an improved 4.3 months of inventory on the market – of course it’s unknown whether all of those 112 homes will make it to the closing table.   

Keep in mind that a 15-day period is a small sampling of Olathe Kansas market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Lee’s Summit Missouri Real Estate Update * Lee’s Summit MO Market Stats

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Hands On The Heartland

Checking The Pulse Of The Kansas City Real Estate Market

City of Lee’s Summit Missouri Real Estate Update

Lee’s Summit MO Real Estate Market Stats <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

90

$243,923

–

View Newest Listings

Total Active Listings

905

–

–

–

Newest Under Contract

87

$213,578*

159

View Newest Under Contract

Newest Solds (Closed)

35

$177,009

93

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the AM on 5/29/09.

 

Lees Summit Missouri

Lee's Summit Missouri

 

In the city of Lee’s Summit Missouri there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). There is good news in that the number of home that went under contract (87) in the past 15 days is almost the same as the number of new homes that came on the market (90) in Lee’s Summit MO. Still, when using the past 15 days of sales as a basis for figuring the absorption rate in Lee’s Summit, there’s nearly 13 months of inventory on the market. 

If we use the number of homes that went under contract (rather than the homes that closed) to figure the absorption rate in Lee’s Summit, the figure is a much-improved 5.2 months of inventory. Let’s hope all those pending sales make it all the way to the closing Also, keep in mind that a 15-day period is a small sampling of Lee’s Summit Missouri market activity and designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend, it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Prairie Village KS Real Estate Update * Prairie Village Kansas Market Stats

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Hands On The Heartland

Checking The Pulse Of The Kansas City Real Estate Market

City of Prairie Village Kansas Real Estate Update

Prairie Village KS Real Estate Market Stats <> 15 Day Stats

Type

#

Average $

Avg DOM

–

Newest Listings

31

$273,422

–

View Newest Listings

Total Active Listings

151

–

–

–

Newest Under Contract

24

$250,971*

81

View Newest Under Contract

Newest Solds (Closed)

8

$229,613

91

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the AM on 5/20/09.

In the city of Prairie Village KS there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Prairie Village Kansas. Using the past 15 days of sold homes to calculate the absorption rate in Prairie Village, there’s almost 9.5 months of inventory on the market. Triple the number of homes went under contract (compared to homes sold) and if we run with the assumption that all those homes will make it to the closing table (they won’t), then the absorption rate is just slightly over 3 months of inventory. If all those homes make it to the closing table that is an impressive figure and things would be looking solid in Prairie Village.

Keep in mind that a 15-day period is a small sampling of Prairie Village Kansas market activity. This information shows what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Leawood Kansas Real Estate Market Update* 15 Day Leawood KS Statistics

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

City of Leawood KS Real Estate Update

Leawood Kansas Real Estate Market Stats <> 15 Day Update

Type

#

Average $

Avg DOM

–

Newest Listings

60

$537,010

–

View Newest Listings

Total Active Listings

439

–

–

–

Newest Under Contract

30

$507,924*

105

View Newest Under Contract

Newest Solds (Closed)

15

$295,113

135

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled 10 AM on 5/12/09.

In the city of Leawood Kansas there continues to be more homes coming on the market than homes going under contract (i.e. pending) or than homes being sold (closed). This creates a further surplus of supply in Leawood. Using the past 15 days as a basis for figuring the absorption rate in Leawood KS there is just about 14 and a half months of inventory on the market. The under contract stats were better than the closed stats and if we use the 30 homes that went under contract in Leawood over the past 15 days, then there’s about 7.3 months of inventory.

Keep in mind that a 15-day period is a small sampling of Leawood Kansas real estate market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Overland Park KS Real Estate Update* Overland Park Kansas 15-Day Market Update

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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

Overland Park KS Real Estate Market Stats <> 15-day Update

Type

#

Average $

Avg DOM

–

Newest Listings

199

$303,004

–

View Newest Listings

Total Active Listings

1,169

–

–

–

Newest Under Contract

130

$274,906 *

73

View Newest Under Contract

Newest Solds (Closed)

71

$251,499

93

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the AM on 4/30/09.

In the city of Overland Park KS there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Overland Park Kansas. Using the past 15 days of closed homes as a basis for figuring the absorption rate in Overland Park, there’s a little over 8 months of inventory on the market. As we’ve been seeing in most areas of the Kansas City metro, the Pending sales are looking better than the homes closed. If we run the numbers based on Pending sales (remember that all pending sales will not make it to the closing table), then the absorption rate is much improved 4.5 months of inventory.

Keep in mind that a 15-day period is a small sampling of Overland Park Kansas market activity. This information is designed to look at the what’s going on now in the current real estate market and it does not indicate the real estate markets long-term trend.

Posted by Jason A. Brown

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Quail Valley Community Market Stats * Quail Valley Homes For Sale In Overland Park KS

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

Quail Valley Subdivision Market Statistics
Quail Valley Is An Overland Park Kansas Home Community

Going back to April 2008 and looking at right around a year’s worth of market stats in Quail Valley, 7 homes were listed for sale and 6 homes were sold. Home sale prices in Quail Valley ranged from $225,000 to $298,000 with an average sales price of $261,953.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed. Stats cover approximately 12 months of market activity & may vary slightly. Note the date of this post as market stats quickly become outdated.

Comparing the current rate of sales over the past year to the 2 Active listings in Quail Valley, there’s 4 months of inventory on the market. The average current list price in Quail Valley is $279,925 and close to the average sales price seen over the past year in the community.   

Quail Valley in Overland Park Kansas

Quail Valley in Overland Park Kansas

If you’re considering a move and would like to discuss these Quail Valley market stats and your specific situation, I look forward to speaking with you. When representing our client’s best interests, we dig in deep to analyze past market stats, current market stats, prevalent market conditions and, most importantly, our client’s needs.

View Quail Valley Homes For Sale (updated daily)

Buying A Home In Quail Valley

Selling Your Home In Quail Valley

We post stats on many communities and subdivisions and are happy to post the stats for any particular community or subdivision that may be of interest to you. To make a request, comment at the bottom of this blog post and simply indicate the subdivision in which you’re interested.

Posted by Jason A. Brown

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Johnson County Kansas Real Estate Stats* 7 Day Review Of Johnson County KS Real Estate Activity

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

Johnson County Kansas Real Estate Update

Johnson County KS Real Estate Market Stats <> 7-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

304

$293,555

–

View Newest Listings

Total Active Listings

4,311

–

–

–

Newest Under Contract

208

$253,554*

91

View Newest Under Contract

Newest Solds (Closed)

72

$246,791

114

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 7 days and stats were pulled in the AM on 4/23/09.

In Johnson County Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Johnson County KS. Using the past 7 days as a basis for figuring the absorption rate in Johnson County, there’s about 14 months of inventory on the market. Again, that’s using the 72 homes sold to calculate the absorption rate. If we use the homes that went under contract instead (and assume they’ll all make it to the closing table), then the absorption rate is a much improved 4.8. This shows us that contracts being written has REALLY picked up with the spring market.

Do keep in mind that a 7-day period is a very small sampling of Johnson County Kansas market activity and designed to simply provide look at the what’s going on now in the current real estate market. While a 7-day period could indicate a trend forming it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Olathe KS Real Estate Update * 15 Days Of Olathe Kansas Real Estate Market Activity

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

City of Olathe Kansas Real Estate Update

Olathe KS Real Estate Market Stats <> 15 Day Review

Type

#

Average $

Avg DOM

–

Newest Listings

144

$274,827

–

View Newest Listings

Total Active Listings

1,029

–

–

–

Newest Under Contract

87

$194,411*

105

View Newest Under Contract

Newest Solds (Closed)

55

$204,159

89

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the AM on 4/1/09.

In the city of Olathe Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Olathe KS. Using the past 15 days as a basis for figuring the absorption rate in Olathe, there is a little more than 9 months of inventory on the market.

There was a more impressive number of homes going under contract (87) and if we use the number of pending sales as the basis for figuring the absorption rate then the months of inventory is a little under 6 months. That’s the best figure I’ve seen in a while so hopefully all the homes make it to the closing table. It should be noted that the average list price of those homes that went under contract was around $194,000 while the average list price of the 144 new listings was around $275,000. That’s quite a difference.

Keep in mind that a 15-day period is a small sampling of Olathe Kansas market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Lenexa KS Real Estate Summary * 15-Day Real Estate Update For Lenexa Kansas

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

City of Lenexa KS Real Estate Update

Lenexa Kansas Real Estate Market Statistics <> 15-day Overview

Type

#

Average $

Avg DOM

–

Newest Listings

44

$348,676

–

View Newest Listings

Total Active Listings

338

–

–

–

Newest Under Contract

17

$249,990*

144

View Newest Under Contract

Newest Solds (Closed)

12

$237,350

180

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled AM on 3/25/09.

In the city of Lenexa Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Lenexa KS. Using the past 15 days as a basis for figuring the absorption rate in Lenexa, there’s just about 14 months of inventory on the market. If we use the 17 homes that went pending (rather than the 12 closings) to figure the absorption rate, then there’s a little less than 10 months of inventory on the market in Lenexa.

Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Click on the headline at the top of this blog post first.