Tag Archives: Homes For Sale In Lenexa

Lenexa Kansas Real Estate Update – July 2011

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Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Lenexa Kansas
15 Day Glance At The Lenexa KS Real Estate Market

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 7.3 months of inventory currently on the market. While still a buyer’s market in Lenexa, 7.3 months of inventory is quite an improvement over the 11.1 months of inventory when we took a look at Lenexa’s June market stats.

Type # Average $ Avg DOM
Listings Past 15 Days 35 $278,262 –
Total Active Listings 321 – –
Newest Contracts Written 36 $253,695 148
Newest Sold (Closed) 22 $227,439 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.

If you’re exploring the possibility of buying or selling a home in Lenexa, please contact us to discuss your situation. Here’s additional information on how we can assist you with selling your Lenexa home or with buying a Lenexa home. Please contact us with questions.

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Posted by Jason Brown

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Lenexa Kansas Real Estate Update – December 2010

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Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa KS
Recent 15 Days of Lenexa Kansas Market Activity

After calculating the absorption rate over the past 15 days in Lenexa, we find there’s 9.6 months of inventory on the market. This is high but when you consider the sales rate the past 15 days include the Thanksgiving holiday, the amount of inventory isn’t alarming. The sale’s prices compared to list prices over the 15-day period are however a concern. The average sales price was $236,000, however the average price of the new listings over the same period was close to $300,000.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 11 $302,618

–

Total Active Listings

 269

–

–

Newest Contracts Written

 16 $277,281 146

Newest Sold (Closed)

 14 $235,874 372

* 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 days on market of the homes that closed was high but the homes that went under contract over the same period did so in less than 5 months. Once we get past the holidays, we’ll watch closely to see if sales start to pick up. If your real estate goals involve buying or selling a home in Lenexa, please let me know how I can assist you.

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Posted by Jason A. Brown

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Lenexa Kansas Real Estate Update – March 2010

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Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa KS
Recent 15 Days of Lenexa Kansas Market Activity

Using the most recent 15 days of Lenexa Kansas real estate market stats to figure the absorption rate in Lenexa KS, there’s 5.5 months of inventory on the market. This is improving on previous stats and indicates a supply and demand for homes in Lenexa that is more in line with a stable market, than the clear buyer’s market we’ve been seeing. It is important to note though that the average new listing the past week went on the market around $294,000, while the average home that sold over the same period did so for a less expensive average of about $239,000.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 61 $293,993
–
Total Active Listings
 285
–
–
Newest Contracts Written
 34 $254,479 102
Newest Sold (Closed)
 26 $238,788 104

* 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.

If you’re considering selling or buying a Lenexa Kansas home, you’ll definitely need to see more than just 15 days of market stats to make a judgment on Lenexa Kansas property values. I’d look forward to assisting with your real estate needs in the Lenexa Kansas and surrounding areas.

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Posted by Jason A. Brown