Category Archives: Lenexa Kansas Real Estate

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

Kansas Home Sale Prices Jump 19.6% On A Reduced Sales Volume

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Checking The Pulse Of The Kansas City Real Estate Market


The latest market stats from the Kansas Association of Realtors for the month April shows home sales fell 0.4% state-wide compared to April of last year. This decrease in home sales follows up a 13.1 fall in last month’s update. A low volume of available housing inventory is a main contributor to the lower volume of home sales we’re experiencing.

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Overall in the state of Kansas, we have moved backed into a slight seller’s market with 4.6 months of inventory currently for sale. This is down from the 5.4 months of inventory at last month’s update. Along with the current seller’s market was a huge jump in home sales price with the average sales price up 19.6% compared to April of last year. This rise follows up last month’s 2.0% rise in home sale prices.

Locally in Johnson County Kansas, a seller’s real estate market continues with 891 homes sold (closed) during the past 30 days. Compared to the current volume of homes for sale in Johnson County Kansas, we have 2.4 months of inventory currently for sale in Johnson County. This amount of inventory represents a firm seller’s market.

CONTACT THE JASON BROWN GROUP ABOUT BUYING OR SELLING A HOME IN KANSAS CITY, JOHNSON COUNTY KS, OVERLAND PARK OR THE SURROUNDING AREA


Posted by Jason Brown

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Lenexa Kansas Real Estate Market – May 2014 Update

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

Using the 34 homes sold in Lenexa the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.7 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $306,000, while the average sales price during the same time period was around $270,000.

Type # Average $ Avg DOM
Listings Past 15 Days 57 $306,001 —
Total Active Listings 184 — —
Newest Contracts Written 50 $259,180 41
Sold (closed) Past 15 Days 34 $269,913 100

* 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 34 homes sold in Lenexa Kansas were on the market an average of 100 days, while the 50 homes to go under contract during the same time period did so in a much shorter 41 days on average. We can assist you with buying or selling a home in Lenexa Kansas, so please contact The Jason Brown Group with all of your Lenexa real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

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Falcon Ridge Villas Real Estate Stats ~ Falcon Ridge Villas Homes For Sale In Lenexa Kansas

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Falcon Ridge Villas Subdivision Real Estate Stats
A Lenexa KS Home Community

The Falcon Ridge Villas market stats dating back a year to May 2013 reflect 8 homes listed for sale and 10 homes Sold (closed) during the year period. The average sales price in Falcon Ridge Villas was $356,045 and the subdivision had sales prices ranging from $250,000 to $469,950 over the 12-month period.

Comparing the 2 Active homes for sale in Falcon Ridge Villas to the demand for homes the past year in the community, there’s 2.4 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the Falcon Ridge Villas area. The average current list price of $374,000 is higher than the average sales price the past 12 months in the subdivision. Falcon Ridge Villas is a popular Lenexa Kansas home community and located within close proximity to parks, shopping and dining amenities and near access to K-7, K-10 and I-435 highways in Lenexa.

Falcon Ridge Villas In Lenexa Kansas

Falcon Ridge Villas In Lenexa Kansas

Falcon Ridge Villas is located in western Lenexa Kansas and served by the Olathe School District. There’s approximately 200 homes in Falcon Ridge Villas and most of the homes in the community were built from 1997 through 2007. If your plans include buying or selling a home in Falcon Ridge Villas or in one of the surrounding areas of Lenexa Kansas, contact The Jason Brown Group for professional listing agent or buyer’s agent services.

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Johnson County Kansas Homeowners Facing Foreclosure Should Consider A Short Sale

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The Pulse Of The Kansas City Real Estate Market

Do you know someone facing foreclosure on the their home in Kansas City, Johnson County KS, Overland Park, Olathe, Leawood, Shawnee, Lenexa or in the surrounding area?  Have them contact us to discuss getting their home sold in a Short Sale! A Short Sale means working to get the homeowner’s lender to accept selling the home at a price SHORT of the amount needed to pay off the mortgage loan balance.

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Why should a Short Sale be considered?  It can help the owner avoid a dreaded foreclosure… It can reduce the damage to the owner’s credit history… It may allow for buying another home within 1 to 2 years… It can offer the peace of mind of settling the mortgage debt… The homeowner doesn’t pay the real estate commission… The homeowner doesn’t pay for any home inspection repairs… The owner lives in the home during the process…  Kansas “redemption” laws allow 90 days AFTER a foreclosure sale takes place to continue working to complete a Short Sale.

At no cost to the homeowner, The Jason Brown Group can assess the viability of moving forward with a Short Sale. Most lenders want to AVOID taking on another foreclosure, so there’s EVERY reason to attempt to sell a home in a Short Sale when foreclosure is the alternative!  Click here to learn more about the Short Sale process and how we go to work to help homeowners avoid foreclosure.


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Lenexa Kansas Real Estate Market Update – April 2014 Update

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

Using the 20 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.6 months of inventory on the market. This amount of inventory indicates a slight seller’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $351,000, while the average sales price during the same time period was around $283,000. 

Type # Average $ Avg DOM
Listings Past 15 Days 60 $351,899 —
Total Active Listings 182 — —
Newest Contracts Written 46 $290,617 57
Sold (closed) Past 15 Days 20 $283,396 111

* 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 20 homes sold in Lenexa were on the market an average of 111 days, while the 46 homes to go under contract during the same time period did so in 57 days on average. We can assist you with buying or selling a home in Lenexa, so please contact us with any questions you have about real estate in the area. You can also start the process with our detailed website regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

Lenexa Kansas Real Estate Information

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Manchester Park Real Estate Market Stats ~ Manchester Park Homes For Sale In Lenexa Kansas

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Manchester Park Subdivision Real Estate Stats
A Lenexa KS Home Community

The Manchester Park market stats dating back a year to April 2013 reflect 15 homes listed for sale and 8 homes Sold (closed) during the year period. The average sales price in Manchester Park was $299,888 and the subdivision had sales prices ranging from $265,500 to $337,000 over the 12-month period.

Comparing the 2 Active homes for sale in Manchester Park to the demand for homes the past year in the community, there’s 3.0 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the Manchester Park area. The average current list price of $290,000 is lower than the average sales price the past 12 months in the subdivision. Manchester Park is a popular Lenexa Kansas home community and located within close proximity to parks, shopping and dining amenities and near access to K-10, K-7, I35 and I-435 highways in Lenexa.

Manchester Park In Lenexa Kansas

Manchester Park In Lenexa Kansas

Manchester Park is located in western Lenexa Kansas and served by the Olathe School District. There’s approximately 200 homes in Manchester Park and most of the homes in the community were built from 2000 through 2012. If your plans include buying or selling a home in Manchester Park or in one of the surrounding areas of Lenexa Kansas, please contact The Jason Brown Group. Our real estate group looks forward to assisting you!

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Kansas City Real Estate Trends And Lifestyles April 2014 Edition

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Falling mortgage interest rates, a seller’s real estate market, questions to ask before buying a home, predictions of increased supply of homes and figuring out what to do if you feel priced out of homes in your desired city are just a few of the topics in this months Kansas City real estate trends and lifestyles. Although it appears we may be trending towards a balanced real estate market in Johnson County Kansas, we still remain in a clear seller’s market with supply of homes not yet meeting buyer demand. Here’s more details about what’s going on with the local and national real estate market…  

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Home Sale Prices In Kansas On The Rise With Supply Of Homes Not Satisfying Home Buyer Demand

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The latest market stats from the Kansas Association of Realtors for the month February, shows home sales fell 2.5% state-wide. This fall was related to a shortage of available housing and not due to lessening demand. This decrease follows up a 3.8% rise in the volume of homes sales at our last monthly market update.

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Overall in the state of Kansas, we remain in a balanced real estate market based on the 6.5 months of inventory currently for sale. This is up slightly from the 6.4 months of inventory at last month’s update. Despite the balanced real estate market, home prices in Kansas continue rising and were up 5.8%. This follows up a 2.6% rise in sales prices at our market update last month.

Locally in Johnson County Kansas, a seller’s real estate market continues with 596 homes sold (closed) during the past 30 days. Compared to the current volume of homes for sale in Johnson County Kansas, we have 3.2 months of inventory currently for sale in the county.

CONTACT THE JASON BROWN GROUP ABOUT BUYING OR SELLING A HOME IN KANSAS CITY, JOHNSON COUNTY KS, OVERLAND PARK OR THE SURROUNDING AREA


Posted by Jason Brown

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View Bank Owned FORECLOSURE Listings In Johnson County Kansas

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If you’re looking for deals in Johnson County Kansas, it’s a good idea to start with the foreclosure listings in Overland Park, Lenexa, Olathe, Leawood, Shawnee and the surrounding Johnson County Kansas area. While the volume of foreclosures has decreased greatly since it’s peak a few years ago, there’s still many great deals hitting the market. Click the following link to start searching foreclosure deals in Johnson County KS…

FORECLOSURE LISTINGS In Johnson County KS

Buying a home in Johnson County KS, Overland Park, Olathe, Lenexa, Leawood, Shawnee or in the surrounding Kansas City area? Check out our BUYER’S AGENTS section to learn how we can assist you!

Selling a home in Johnson County KS, Overland Park, Olathe, Lenexa, Leawood, Shawnee or the surrounding Kansas City area? Check out our LISTING AGENTS section to learn how we can assist you!

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New FHA Guidelines Will Make It Easier To Get Pre-Approved To Buy A Kansas City Home

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Recent changes to FHA loan guidelines will make getting approved for an FHA loan less complicated for many home buyers in Kansas City, Johnson County KS, Overland Park and the surrounding areas. One of the recent changes involves clarification to lenders on what FHA will truly allow regarding a borrower’s maximum allowable debt. This has been a grey area for many years and lenders just weren’t clear on the precise debt-to-income ratios a borrower was allowed to have. Not knowing caused some home buyers that had borderline debt to income ratios to be rejected for their loan.

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The loosened guidelines go into affect on new FHA loan starts after 4/21/14. Another change has some lenders dropping their minimum credit score requirements to complete an FHA loan. While FHA required borrowers to have a minimum 580 credit score, many lenders actually held a higher standard of a minimum 640 credit score to qualify after the mortgage crisis. Recently however, two lenders reduced the required minimum credit score, with one lowering the minimum to 600.

FHA is the largest insurer of mortgage loans in today’s real estate market, so these changes are sure to bring more home buyers into the market-place. To learn more about buying a home in the Kansas City area, contact The Jason Brown Group. We can get you with a great loan officer who can work to get you Pre-approved to buy a home. It costs nothing to get Pre-Approved and this is important first step in the exciting home buying process!


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