Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for the Blue Valley School District in Kansas
Recent 15 Days of Blue Valley Market Activity
After calculating the absorption rate over the past 15 days for homes in the Blue Valley School District area, we determine there’s currently 11.2 months of inventory on the market. This is high although it should be noted that the 15-day absorption rate covers the Thanksgiving holiday, which is very slow time of year for home sales. Still, most of the homes would have had contracts written on them at 30 to 45 days prior, minimizing the holiday effect.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
57 | $399,165 |
– |
|
Total Active Listings |
790 |
– |
– |
|
Newest Contracts Written |
58 | $379,513 | 124 |
|
Newest Sold (Closed) |
35 | $317,693 | 188 |
* 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.
The number of homes that went under contract the past 15 days was a more impressive 58. If we were to assume all of those will make it the closing table (and used that figure for our absorption rate), there’s 6.8 months of inventory on the market and represents a more stable real estate market in the Blue Valley area. Possibly the biggest concern I have is that the average seller felt their home was worth right at $400,000, while the average sale price over the same period was about $318,000.
If your real estate goals involve buying or selling a home in the Blue Valley area, please contact me for assistance. The Blue Valley area is a wonderful area that covers most of southern Overland Park, Southern Leawood and a southeast portion of Olathe Kansas. If preferred, we can can easily set you up to receive email updates of only homes available within the school district.
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Posted by Jason A. Brown
