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Overland Park Kansas Real Estate Market – June 2014 Update

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

Using the 147 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.3 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park Kansas. The average new listing the past 15 days came on the market around $333,000, while the average sales price during the same time period was around $298,000.

Type # Average $ Avg DOM
Listings Past 15 Days 212 $333,029 —
Total Active Listings 678 — —
Newest Contracts Written 180 $306,184 43
Sold (closed) Past 15 Days 147 $298,422 68

* 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 147 homes sold in Overland Park were on the market an average of 68 days, while the 180 homes to go under contract during the same time period did so in 43 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 Overland Park Kansas real estate questions. 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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Posted by Jason Brown

 

Leawood Kansas Real Estate Market – June 2014 Update

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

Using the 27 homes sold in Leawood the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.4 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Leawood Kansas. The average new listing the past 15 days came on the market around $541,000, while the average sales price during the same time period was around $579,000.

Type # Average $ Avg DOM
Listings Past 15 Days 48 $541,123 —
Total Active Listings 184 — —
Newest Contracts Written 32 $615,779 73
Sold (closed) Past 15 Days 27 $578,601 84

* 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 27 homes sold in Leawood Kansas were on the market an average of 84 days, while the 32 homes to go under contract during the same time period did so in 84 days on average. We can assist you with buying or selling a home in Leawood Kansas, so contact The Jason Brown Group with all of your 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.

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Posted by Jason Brown

 

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

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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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Shawnee Kansas Real Estate Market – May 2014 Update

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

Using the 46 homes sold in Shawnee Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.6 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $279,000, while the average sales price during the same time period was around $238,000.

Type # Average $ Avg DOM
Listings Past 15 Days 74 $279,218 —
Total Active Listings 243 — —
Newest Contracts Written 60 $245,139 65
Sold (closed) Past 15 Days 46 $238,009 69

* 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 46 homes sold in Shawnee Kansas were on the market an average of 69 days, while the 60 homes to go under contract during the same time period did so in 65 days on average. We can assist you with buying or selling a home in Shawnee Kansas, so please contact The Jason Brown Group with all of your Shawnee Kansas real estate needs. You can also start the process by finding detailed real estate information on our site regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home.

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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.

Lenexa Kansas Real Estate Information

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Posted by Jason Brown

 

Olathe Kansas Real Estate Market Update – May 2014 Update

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

Using the 98 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.5 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Olathe. The average new listing the past 15 days came on the market around $280,000, while the average sales price during the same time period was around $235,000.

Type # Average $ Avg DOM
Listings Past 15 Days 177 $280,375 —
Total Active Listings 483 — —
Newest Contracts Written 142 $230,651 51
Sold (closed) Past 15 Days 98 $235,223 61

* 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 98 homes sold in Olathe Kansas were on the market an average of 61 days, while the 142 homes to go under contract during the same time period did so in 51 days on average. We can assist you with buying or selling a home in Olathe, so please contact us with any questions you have about real estate in the area. You can also start the process by finding detailed real estate information on our site regarding selling an Olathe Kansas home and with buying an Olathe Kansas home.

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Posted by Jason Brown

 

Leawood Kansas Real Estate Market Update – May 2014 Update

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

Using the 20 homes sold in Leawood the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.0 months of inventory on the market. This amount of inventory indicates a slight seller’s real estate market in the city of Leawood Kansas. The average new listing the past 15 days came on the market around $736,000, while the average sales price during the same time period was around $509,000.

Type # Average $ Avg DOM
Listings Past 15 Days 51 $736,315 —
Total Active Listings 160 — —
Newest Contracts Written 31 $512,776 61
Sold (closed) Past 15 Days 20 $509,208 63

* 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 Leawood Kansas were on the market an average of 63 days, while the last 31 homes to go under contract did so in 61 days on average. We can assist you with buying or selling a home in Leawood, so please contact The Jason Brown Group with any questions you have about real estate in the Leawood area. You can also start the process by finding detailed real estate information on our site regarding selling a Leawood Kansas home and with buying a Leawood Kansas home.

Leawood Kansas Real Estate Information

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Posted by Jason Brown

 

Johnson County Kansas Homeowners Facing Foreclosure Should Consider A Short Sale

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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.


Posted by Jason Brown

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.

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View The 377 Homes On The 2014 Kansas City Spring Parade Of Homes Tour

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The 2014 Spring version of the Kansas City Parade of Homes tour begins Saturday 4/26/14 and runs through Sunday 5/11/14. This is the 52nd year for the parade of homes and this year’s spring tour includes 377 homes on the parade, which is almost 100 more homes than last fall’s Parade of Homes tour. The tour includes model homes for viewing across the Kansas City metro area, including Johnson County Kansas, Overland Park, Leawood, Lenexa, Shawnee, Lee’s Summit, the Northland, the Southland and everywhere in between.

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108 of the top home builders in the Kansas City metro area have homes entered on the spring homes tour. From speaking with new home community agents the past couple of weeks, it’s sounding like most of the top selling new home communities are going to be represented with at least one model home on the tour. The 377 homes on tour cover eight Kansas City metro area counties and are the largest number of homes on tour in six years.

Here’s a link to view the entries on The 2014 Spring Homes Tour.  Most of the model homes are open daily from 11am to 6pm daily (contact individual communities to verify before visiting). 


Posted by Jason Brown

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