Category Archives: Subdivision Market Stats

Kansas City Subdivision Stats

Kensington Manor Market Statistics ~ Kensington Manor Homes For Sale In Overland Park KS

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Kensington Manor Community Market Stats
Kensington Manor Is A Subdivision In Overland Park Kansas

Looking over Kensington Manor market statistics dating back to November 2008, there were 13 homes put on the market and there were 12 homes sold during the past year. The average sales price in Kensington Manor was $262,583 and the subdivision saw a price range variance of $237,500 to $296,500.

Comparing the 2 Active listings in Kensington Manor to the 12-month sales rate in the community, there’s 2 months of inventory currently on the market. This is what we often see in this popular subdivision. Not only is the inventory indicating a rare seller’s market in the area, the average current list price ($249,925) is lower than the average sales price seen in the community the past year. Kensington Manor is a popular Overland Park  subdivision and located near many of Overland Park’s amenities, including schools, parks and shopping.

Kensington Manor In Overland Park KS

Kensington Manor In Overland Park KS

Kensington Manor is conveniently located in south central Overland Park Kansas, just south of I-435 on 69 Highway. The community is served by the Blue Valley School District and many of the homes in Kensington Manor were built from the mid 1980’s though the early 1990’s.  If you’re considering a move and need assistance with buying or selling a home in Kensington Manor, please let me know how I can assist you.

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Posted by Jason A. Brown

Lee’s Summit Missouri Real Estate Update – November 2009

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Current Real Estate Info for The City of Lee’s Summit MO
Recent 15 Days of Lee’s Summit Missouri Market Activity
Type
#
Average $
Avg DOM
Listings Past 15 Days
 85
 $242,599
–
Total Active Listings
 752
–
–
Newest Contracts Written
 54
 $219,950 132
Newest Sold (Closed)
 44
 $201,383 122

* 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.

Lee's Summit Missouri Real Estate

Lee's Summit Missouri Real Estate

Using the past 15 days of market stats in Lee’s Summit as the basis for figuring the city’s absorption rate, there’s 8.5 months of inventory currently on the market.  Looking at absorption rates helps us compare the supply and demand of Lee’s Summit MO Real Estate. 8.5 months of inventory is high and obviously a concern for area home sellers.  Anything more than 5 months of inventory is considered a buyer’s market, so home buyers certainly have plenty of homes from which to choose. Buyers should be able to get an excellent deal in many subdivisions in the Lee’s Summit area and these market stats are causing home sellers to be aggressive with their list pricing.

The Lee’s Summit homes that have sold (and the others that went under contract) have done so in a reasonable amount of time – 122 and 132 days respectfully. It’s the homes that aren’t selling that are a concern. With 752 homes on the market, we’d need to have seen about 100 sales over this 15 day period to net a more reasonable figure of 4 months of inventory on the market. If you’re considering selling or buying a Lee’s Summit Missouri home and need market statistics specific to a particular community in the Lee’s Summit area, please contact me to discuss your situation.

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Posted by Jason A. Brown

Pavilions Market Statistics ~ Pavilions Homes For Sale In Leawood Kansas

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The Pavilions Community Market Stats
The Pavilions Is A Subdivision In Leawood KS

Looking over the Pavilions market statistics dating back to November 2008, there were 28 homes put on the market and 18 homes were sold during this year period. The average sales price in the Pavilions was $581,411 and the subdivision saw a price range variance of $320,000 to $1,214,500.

Comparing the 8 Active listings in the Pavilions to the 12-month sales rate in the community, there’s 5.3 months of inventory currently on the market. This is high but better than we’ve seen recently in the Pavilions. So that’s a promising trend. Of concern is that the average current list price in the Pavilions is $930,750 and significantly higher than the average sales price ($581,411) over the past year in the subdivision. Still, the Pavilions is a popular Leawood KS home community and  conveniently located in southern Leawood Kansas.

Pavilions In Leawood Kansas

Pavilions In Leawood Kansas

The Pavilions is situated along the Kansas and Missouri state line and is served by the Blue Valley School District. Located south of the Town Center Plaza, The Pavilions is also located in close proximity to many other Leawood and Overland Park Kansas amenities. Many of the homes in the Pavilions were built from the mid 1990’s to the mid 2000’s. If you’re considering a move and would like to view homes for sale in the Pavilions or discuss selling a home in the  subdivision, I look forward to discussing your situation in detail.

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Posted by Jason A. Brown

Oak Hill Market Statistics ~ Oak Hill Homes For Sale In Lenexa Kansas

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Oak Hill Community Market Stats
Oak Hill Is A Subdivision In Lenexa Kansas

Looking over the Oak Hill community market statistics dating back to November 2008, there were 20 homes put on the market and there were 11 homes sold during the past year. The average sales price in Oak Hill was $249,318 and the subdivision saw a price range variance of $217,000 to $285,000.

Comparing the 2 Active listings in Oak Hill to the 12-month sales rate in the community, there’s 2.2 months of inventory currently on the market. This is excellent and the average current list price of $267,000 in Oak Hill is just slightly higher than the average sales price ($249,318) over the past year.  Oak Hill is a popular Johnson County Kansas community and centrally located to downtown, the airport, highway access and area amenities.

Oak Hill In Lenexa Kansas

Oak Hill In Lenexa Kansas

Oak Hill is located inside the I-435 loop within Lenexa Kansas and is served by the Shawnee Mission School District. Many of the homes in Oak Hill were built from the mid 1980’s to mid 1990’s.  If you’re considering a move to or from Oak Hill, I’d look forward to learning more about your buying or selling situation.

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Posted by Jason A. Brown

Meadows Of Forest View Market Stats ~ Meadows of Forest View Homes For Sale In Olathe KS

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The Meadows Of Forest View Community Market Statistics
Meadows Of Forest View Is An Olathe Kansas Home Community

Going back to November 2008 and looking at one year of market stats in The Meadows of Forest View, there were 29 homes listed on the market. There were 19 homes sold and home sale prices in The Meadows of Forest View ranged from $294,100 to $411,950 — with an average sales price of $323,191.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed; Check the post date for relevancy; Stats cover approximately 12 months of market activity.

Comparing the current rate of sales over the past year to the 12 Active listings in The Meadows of Forest View, there’s 7.6 months of inventory on the market. This is not unusual when considering it’s a new home community and a lot of new home communities still have plenty of inventory for home buyers to consider. The average current list price in The Meadows of Forest View is $323,121. That’s not a misprint, it’s almost identical the average sales price seen the past year in the community ($323,191).

Meadows Of Forest View In Olathe KS

Meadows Of Forest View In Olathe KS

The Meadows of Forest View is located in northwestern Olathe Kansas and is served by the Olathe School District. If you’re considering a move and would like to discuss these Meadows of Forest View market statistics please contact me. We can discuss your situation and how I can assist you realize your real estate goals.

View Meadows of Forest View Homes For Sale (updated daily)

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Posted by Jason A. Brown

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Lionsgate Market Statistics ~ Lionsgate Homes For Sale In Overland Park KS

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Lionsgate Subdivision Market Statistics
(Lionsgate areas: South Lake, By The Park, Waters Edge, The Enclave, By The Lake & By The Green)
Lionsgate Is An Overland Park KS Home Community

Going back to November 2008 and looking at 12 months of market statistics in Lionsgate, there were 39 homes listed for sale, 22 homes were sold and home sale prices in Lionsgate ranged from $320,000 to $630,000 with an average sales price of $426,377.  The number of homes listed (39) versus the number of home sold (22) indicates a clear buyer’s market in the Lionsgate area.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed; Check the post date for relevancy; Stats cover approximately 12 months of market activity.

The number of Active homes is lower than it’s been in a while in Lionsgate and this will help stabilize the market for  current Lionsgate home sellers. Still, comparing the current rate of sales over the past year to the 12 Active listings in Lionsgate, there’s  6.6 months of inventory on the market. The average current list price in Lionsgate is $519,379 and  significantly higher than the average sales price ($426,377) during the past year.

Lionsgate In Overland Park KS

Lionsgate In Overland Park KS

Despite the difficult market stats for home sellers, Lionsgate is a high quality home community in southern Overland Park Kansas. It’s well designed, close to area amenities and the community is served by the Blue Valley School District. If you’re considering a move and would like to discuss these Lionsgate market stats and your particular buying or selling objectives, please contact me.

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Posted by Jason A. Brown

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Deer Creek Market Statistics ~ Deer Creek Homes For Sale In Overland Park Kansas

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Deer Creek Community Market Statistics
Deer Creek Is An Overland Park KS Home Community

Going back to October 2008 and looking at about a full year’s worth of market stats in Deer Creek, there were 16 homes listed for sale, 4 homes were sold and home sale prices in Deer Creek ranged from $350,000 to $620,000 with an average sales price of $517,500.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed; Check the post date for relevancy; Stats cover approximately 12 months of market activity.

Comparing the current rate of sales over the past year to the 8 Active listings in Deer Creek, there’s 24 months of inventory on the market. This is due in large part to there only being 4 sales in the subdivision during the past 12 months. The average current list price in Deer Creek is $637,988 and significantly higher than the average sales price seen in the community the past year ($517,500).

Deer Creek In Overland Park Kansas

Deer Creek In Overland Park Kansas

Deer Creek is located in southern Overland Park KS and is served by the Blue Valley School District. If you’re considering a move and would like to discuss these Deer Creek 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 the area’s market stats, market conditions and our client’s needs.

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Posted by Jason A. Brown

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Arbor Landing Market Statistics * Arbor Landing Homes For Sale In Olathe KS

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Arbor Landing Subdivision Market Statistics
Arbor Landing Is An Olathe KS Home Community

Going back to October 2008 and looking at about a full year’s worth of market stats in Arbor Landing, there were 15 homes put on the market, 9 homes were sold and home sale prices in the Arbor Landing subdivision ranged from $235,000 to $290,000 with an average selling price of $264,333.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed; Check the post date for relevancy; Stats cover approximately 12 months of market activity.

Comparing the current rate of sales over the past year to the 3 Active listings in Arbor Landing, there’s 4.0 months of inventory on the market. This is a balanced amount of inventory compared to other areas. The average current list price in Arbor Landing is $287,617, which is higher than the average sales price over the past year but not completely out of line.

Arbor Landing In Olathe Kansas

Arbor Landing In Olathe Kansas

Arbor Landing is located in southern Olathe Kansas and is served by the Olathe School District. If you’re considering a move and would like to discuss these Arbor Landing market stats and your specific situation, please call or shoot me an email at your convenience. I look forward to assisting you with your Arbor Landing real estate needs.

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Posted by Jason A. Brown

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Lenexa KS Real Estate Update – October 2009

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 Checking The Pulse Of The Kansas City Real Estate Market

City of Lenexa Kansas Real Estate Update
 Past 15 Days of Lenexa KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 34 $238,936
–
Total Active Listings
 301
–
–
Newest Contracts Written
 31 $232,569 135
Newest Sold (Closed)
 21 $230,444 89

* 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 KS Real Estate

Lenexa KS Real Estate

Using these past 15 days of market stats to figure the absorption rate in Lenexa Kansas, there’s currently 7.2 months of inventory on the market. That’s high and an indication that 300+ homes on the market is too much inventory for the 40 sale per month pace this 15-day period puts us on. The average sales prices are in line however, from the average list price ($238,936) to the average sold price over the past 15 days ($230,444).

The average days on market of the sold homes is 89 days and decent in our current market. However it should be noted that the 31 homes that went under contract took an average of 135 days to do so. Also, looking at 15 days of market stats is a small snap shot of local Lenexa Kansas activity. Market conditions can and do vary greatly from one subdivision to another, so be sure you request that your real estate agent give you the market stats of the specific Lenexa home community that interests you.

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Posted by Jason A. Brown

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Wilshire Farms Market Statistics * Wilshire Farms Homes For Sale In Overland Park Kansas

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Wilshire Farms Subdivision Market Statistics
Wilshire Farms Is An Overland Park KS Home Community

Going back to October 2008 and looking at 12 months of Wilshire Farms market stats,  there were 52 homes listed for sale, 33 homes sold and home sale prices in Wilshire Farms ranged from $402,000 to $918,657 with an average sales price of $533,657.

Stats pulled from Heartland MLS & deemed reliable but not guaranteed; Check the post date for relevancy; Stats cover approximately 12 months of market activity.

Comparing the current rate of sales over the past year to the 26 Active listings in Wilshire Farms, there’s 6.0 months of inventory on the market. That’s quite a bit higher than when we last checked but Wilshire Farms is clearly still a  sought after home community in Overland Park KS. The average current list price in the community is $548,672, which means the current inventory of homes is priced well compared to the average sales price seen during the past year  ($533,657).

Wilshire Farms is located in southern Overland Park Kansas and is served by the Blue Valley School District.  If you’re considering a move and would like to discuss these Wilshire Farms market stats and your specific real estate situation, I look forward to hearing about your real estate objectives.

View Wilshire Farms Homes For Sale (updated daily)

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Posted by Jason A. Brown

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