Category Archives: Leawood Kansas Real Estate

Leawood Kansas Real Estate, Leawood KS Homes For Sale, Leawood Realtors

Overland Park Kansas Real Estate Market – December 2014 Update

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

Using the 90 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.5 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $270,000, while the average sales price during the same time period was around $274,000.

Type # Average $ Avg DOM
Listings Past 15 Days 70 $270,226 —
Total Active Listings 624 — —
Newest Contracts Written 75 $269,863 66
Sold (closed) Past 15 Days 90 $273,522 81

* 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 90 homes sold in Overland Park Kansas were on the market an average of 81 days, while the 75 homes to go under contract during the same time period did so in 66 days on average. We can assist you with buying or selling a home in Overland Park, so please contact The Jason Brown Group with all of your area real estate needs. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Leawood South Real Estate Stats ~ Leawood South Homes For Sale In Leawood Kansas

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Leawood South Subdivision Real Estate Stats
A Leawood KS Home Community

The Leawood South market stats dating back a year to December 2013 reflect 33 homes listed for sale and 30 homes Sold (closed) during the year period. The average sales price in Leawood South was $297,746 and the subdivision had sales prices ranging from $148,000 to $428,500 over the 12-month period.

Comparing the 2 Active homes for sale in Leawood South to the demand for homes the past year in the community, there’s 0.8 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in the Leawood South area. The average current list price of $344,950 is higher than the average sales price the past 12 months in the subdivision. Leawood South is a popular Leawood Kansas home community and located within close proximity to parks, shopping and dining amenities and near access to I-435 Highway in Leawood.

Leawood South In Leawood Kansas

Leawood South In Leawood Kansas

Leawood South is located in southern Leawood Kansas and served by the Blue Valley School District. There’s approximately 500 homes in Leawood South and most of the homes in the community were built from 1969 through 1993. If your plans include buying or selling a home in Leawood South or in one of the surrounding areas of Leawood Kansas, contact The Jason Brown Group for real estate assistance.

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Posted by Jason Brown

 

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Leawood Kansas Real Estate Market – October 2014 Update

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

Using the 19 homes sold in Leawood Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 6.2 months of inventory on the market. 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 $563,000, while the average sales price during the same time period was around $548,000.

Type # Average $ Avg DOM
Listings Past 15 Days 41 $563,087 —
Total Active Listings 234 — —
Newest Contracts Written 18 $488,294 72
Sold (closed) Past 15 Days 19 $548,416 62

* 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 19 homes sold in Leawood Kansas were on the market an average of 62 days, while the 18 homes to go under contract during the same time period did so in 62 days on average. We can assist you with buying or selling a home in Leawood, so please contact The Jason Brown Group with all of your area real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling a Leawood Kansas home and buying a Leawood Kansas home.

Leawood Kansas Real Estate Information

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Posted by Jason Brown

 

Leawood South Real Estate Stats ~ Leawood South Homes For Sale In Leawood Kansas

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Leawood South Subdivision Real Estate Stats
A Leawood KS Home Community

The Leawood South market stats dating back a year to October 2013 reflect 37 homes listed for sale and 29 homes Sold (closed) during the year period. The average sales price in Leawood South was $300,937 and the subdivision had sales prices ranging from $148,000 to $428,500 over the 12-month period.

Comparing the 4 Active homes for sale in Leawood South to the demand for homes the past year in the community, there’s 1.7 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the Leawood South area. The average current list price of $360,725 is higher than the average sales price the past 12 months in the subdivision. Leawood South is a popular Leawood Kansas home community and located within close proximity to parks, shopping and dining amenities and near access to I-435 Highway in Leawood.

Leawood South In Leawood Kansas

Leawood South In Leawood Kansas

Leawood South is located in southern Leawood Kansas and served by the Blue Valley School District. There’s approximately 500 homes in Leawood South and most of the homes in the community were built from 1969 through 1993. If your plans include buying or selling a home in Leawood South or in one of the surrounding areas of Leawood Kansas, contact The Jason Brown Group for real estate assistance.

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Posted by Jason Brown

 

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View The 307 Homes On The Fall of 2014 Kansas City Parade Of Homes Tour

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The 2014 Fall version of the Kansas City Parade of Homes tour begins Saturday 9/27 and continues through Sunday 10/12/14. This is the 52nd year for the parade of homes in Kansas City and this year’s fall tour includes 307 homes on the parade. Homes can be toured free of charge across the Kansas City metro area including Johnson County Kansas, Overland Park, Leawood, Lenexa, Shawnee, Lee’s Summit, the Northland, the Southland and just about every metro area in between.

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98 of the top home builders in the Kansas City metro area have homes entered on the fall homes tour. 150 new home communities will be represented and subdivision agents across will have most of the entries on the homes tour open from 11am until 6pm daily (contact individual communities to verify hours). Here’s a link to begin viewing all of the fall entries on the 2014 Fall Parade of Homes Tour. 


Posted by Jason Brown

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Potential Deal Killers To Avoid Prior To Closing On Your Johnson County KS Home

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So you’ve taken the big leap, gotten Pre-approved to buy a home, located the perfect home, made an offer and have now gone under contract… You’ve heard that all that’s left to worry about is the home inspections, right? While these are several of the most critical aspects of the real estate transaction, there’s another aspect which often gets overlooked by home buyers. And that aspect is making any changes to your credit report after the time you got pre-approved and prior to closing on your home.

Photo 1937

When many home buyers here this, they think as long as they stay current on their current payments that they’ll be in good shape. While those are very important, it’s more complicated than that and because the home buyer also needs to know they shouldn’t buy any new items that require using credit. Doing so will very likely alter your credit score, even if all payments are made on time. So buying a car after you go under contract is a terrible idea and home buyers should always wait to make any additional purchase until their real estate transaction has closed.

Just last month one of my buyer’s agents had a buyer go and purchase a refrigerator after going under contract. It had such an affect on the buyer’s credit that the automated underwriting system determined the buyer no longer qualified for the loan and that stopped the real estate closing. Fortunately for everyone, the lender was able to rerun the credit a couple of weeks later and the buyer’s credit was back in line enough to allow the closing to take place. Fortunately the seller was patient enough to extend the close date or it could have turned out even worse for everyone. 

So be sure to hold off buying the new car, boat, appliances, jewelry, furniture, etc until you have closed on your home. You should also avoid opening any new credit card accounts or doing anything else that would result in a change to your credit report. A couple of other things to avoid doing after you get pre-approved and before closing… Don’t switch bank accounts during this time and avoid making any unusual (ie. large cash) deposits into your bank account. 


Posted by Jason Brown

Verona Gardens Real Estate Stats ~ Verona Gardens Homes For Sale In Leawood Kansas

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The Pulse Of The Kansas City Real Estate Market

Verona Gardens Subdivision Real Estate Stats
A Leawood KS Home Community

The Verona Gardens market stats dating back a year to September 2013 reflect 26 homes listed for sale and 20 homes Sold (closed) during the year period. The average sales price in Verona Gardens was $293,820 and the subdivision had sales prices ranging from $199,000 to $460,000 over the 12-month period.

Comparing the 3 Active homes for sale in Verona Gardens to the demand for homes the past year in the community, there’s 1.8 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in the Verona Gardens area. The average current list price of $250,800 is lower than the average sales price the past 12 months in the subdivision. Verona Gardens is a popular Leawood Kansas home community and located within close proximity to parks, shopping and dining amenities and near access to I-435 Highway in Leawood.

Verona Gardens In Leawood Kansas

Verona Gardens In Leawood Kansas

Verona Gardens is located in southern Leawood Kansas and served by the Blue Valley School District. There’s approximately 450 homes in Verona Gardens and most of the homes in the community were built from 1972 through 1987. If your plans include buying or selling a home in Verona Gardens or in one of the surrounding areas of Leawood Kansas, contact The Jason Brown Group for in-depth listing agent or buyer’s agent services.

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Leawood Kansas Real Estate Market – August 2014 Update

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The Pulse Of The Kansas City Real Estate Market

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

Using the 30 homes sold in Leawood Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.9 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Leawood. The average new listing the past 15 days came on the market around $545,000, while the average sales price during the same time period was around $571,000.

Type # Average $ Avg DOM
Listings Past 15 Days 57 $544,932 —
Total Active Listings 234 — —
Newest Contracts Written 22 $485,216 48
Sold (closed) Past 15 Days 30 $571,150 110

* 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 30 homes sold in Leawood Kansas were on the market an average of 110 days, while the 22 homes to go under contract during the same time period did so in 48 days on average. We can assist you with buying or selling a home in Leawood, so please contact The Jason Brown Group with all of your area real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling a Leawood Kansas home and buying a Leawood Kansas home.

Leawood Kansas Real Estate Information

Search All Leawood Kansas MLS Listings

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Listing Agents In Leawood Kansas

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Posted by Jason Brown

 

Getting Pre-Approved To Buy A Home In Johnson County Kansas

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When buying a home in Kansas City, Johnson County KS, Overland Park or the surrounding area, the first thing you’ll need to do is get pre-approved with a local mortgage lender. The first mortgage loan question that I hear most buyers ask is, what are today’s interest rates?  While a very good question, there’s many other factors you will want to consider when choosing your mortgage lender. 

Photo 1962
Before you have a lender run your credit report (so they can determine what your interest would be), ask the lender what the loan closing costs will be. While closing costs for any lender should included similar appraisal fees, escrow amounts, etc, the lender is in business to make money and some of the fees they charge are likely specific to the financial institution. This means they can vary from one lender to another, so be sure to ask for a breakdown of the closing costs so you can see how much the lender is charging you to make the loan. 

Lender fees to look for could be labeled as loan origination fees, application fees, processing fees, underwriting fees, etc. Whatever it’s being called, the total amounts of such fees should be a reasonable amount. The best way to determine that you’re paying a fair rate is to start by getting a lender referral from a real estate agent like myself or from a trusted family member or friend. Another smart way to ensure you’re getting a fair shake is to shop more than one lender.

Prepare a few questions to ask your lender, such as… How long can you lock in the current interest rate? Do you qualify for an FHA and/or conventional loan? Will the lender help you get a lower interest rate later, if rates should drop in the mean time? How long is the lender’s turn-around time to complete the loan. We’ve seen some lenders requiring 40 days for closing because their underwriter’s are overwhelmed. If that’s the case, you’re better off going to a different lender because timeliness is critical in a real estate transaction. 


Posted by Jason Brown

How Will A 1% Rise In Interest Rates Affect Johnson County Kansas Home Buyers?

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The Pulse Of The Kansas City Real Estate Market

Today’s amazing low interest rates make it one of the best times ever to purchase a home. If you’re a home buyer looking to purchase a home in Johnson County Kansas or the surrounding Kansas City area, you’ll want to take a close look at today’s low interest rates and consider what it would mean to you if you wait to buy and rates jump in the near future. It could be just as important to you as the sales price you’ll be looking at ever so closely.

Photo 1490

Let’s compare today’s 4% mortgage interest rates to how things would look if they jumped 1% in the near future. On a $200,000 home, a borrower’s monthly principal and interest payment at 4% would be $955. Should they wait to buy a home and rates have jumped to 5% then the monthly principal and interest payment would be $1,074.  That’s almost $1,500 more a year for the same home should mortgage interest rates go up 1%! So be sure you consider today’s historically low interest rates if you’re on the fence on whether now is the right time to buy a home.

 Posted by Jason Brown