Tag Archives: Homes For Sale In Overland Park

Overland Park Kansas Real Estate Market Update – November 2012 Update

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

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 4.5 months of inventory currently on the market. This amount of inventory is considered a slight seller’s real estate market in the city of Overland Park. The average sales price the past 15 days in Overland Park was nearly $260,000, while the average new listing came on the market around $282,000.

Type # Average $ Avg DOM
Listings Past 15 Days 85 $282,243 —
Total Active Listings 641 — —
Newest Contracts Written 86 $286,005 94
Sold (closed) Past 15 Days 72 $259,655 101

* 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 days on market is trending slightly higher in Overland Park, with the last 72 homes sold having been on the market an average of 101 days. Should you be making plans to buy or sell a home in Overland Park Kansas, my real estate group can help guide you through the process. You can locate detailed information on my website regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Impressive Real Estate Market Stats Abound In The State Of Kansas

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Checking The Pulse Of The Kansas City Real Estate Market

The final August stats recently release by my association of Realtors showed a huge improvement in the real estate market during the month of August. Home sales rose 21% during the month compared to August 2010’s sales. The impressive raw numbers included 2,789 homes sold state-wide in August compared to the 2,247 homes sold in August 2010. The national real estate market impressed as well with home sales rising 18.6% in August compared to August 2010.

Factoring the 19,464 homes for sale in Kansas at the end of August against a sales rate of 2,789 homes sold (in August), we find there was 7.0 months of inventory on the market in Kansas at the end of the August reporting period. Though 7.0 months of inventory indicates a buyer’s market, the impressive August sales rate absolutely put a dent in the volume of inventory on the market. Less competition on the market is music to home seller’s ears and so are rising average sales prices. The average home price was $159,082 across the state, a 2.7% increase from August 2010.  

Locally here in Johnson County Kansas, the August stats look even better. There were 737 homes sold in Johnson County Kansas during the month of August. Comparing this sales rate to the current 3,782 homes for sale in Johnson County Kansas, we find 5.1 months of inventory in Johnson County Kansas. That’s considered a balanced real estate market and there’s no doubt that the Johnson County Kansas real estate market remains a solid option for investing in real estate.


Posted by Jason Brown

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Overland Park Kansas Real Estate Update – August 2011

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 5.4 months of inventory currently on the market. This is an improvement over the 6.2 months of inventory when we checked Overland Park’s real estate stats back in July. 5.4 months of inventory represents a slight buyer’s market but the average sales price the past 15 days was significantly higher than the average priced new listing to come on the market during the same time period. This is a promising sign for Overland Park home sellers.

Type # Average $ Avg DOM
Listings Past 15 Days 141 $261,720 –
Total Active Listings 1,074 – –
Newest Contracts Written 103 $242,764 103
Newest Sold (Closed) 99 $288,696 111

* 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 99 homes that sold (closed) in Overland Park were on the market an average of 111 days. Please contact us if you need the market stats on any particular Overland Park home community. We can help you buy or sell an Overland Park Kansas home and here’s some details on how we can assist you with selling your Overland Park home or with buying an Overland Park home.

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Posted by Jason Brown

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Overland Park Kansas Real Estate Update – October 2010

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we can determine there’s currently 8.5 months of inventory on the market. This is high and almost identical to the stats we posted in September for Overland Park. The days on market has improved ever so slightly since that time. Still, we need to improve on a 140 sale a month pace to eat up the nearly 1,200 homes for sale in Overland Park.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 157 $238,694

–

Total Active Listings

 1,183

–

–

Newest Contracts Written

 86 $266,499 128

Newest Sold (Closed)

 70 $243,414 107

* 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 your real estate goals involve buying or selling an Overland Park home, please contact us for assistance. We look forward to providing you expert listing representation when selling and/or expert buyer’s agent representation when buying an Overland Park home. If you aren’t currently being represented and just want some preliminary market stats on your area, please let me know more about your buying or selling situation.

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Posted by Jason A. Brown

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Overland Park Kansas Real Estate Update – September 2009

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City of Overland Park Kansas Real Estate Update
Past 15 Days of Overland Park KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 169 $260,119
–
Total Active Listings
 1,045
–
–
Newest Contracts Written
 135 $246,132 68
Newest Sold (Closed)
 109 $228,418 94

* 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.

Real Estate In Overland Park KS

Real Estate In Overland Park KS

Using these past 15 days of market stats to figure the absorption rate in Overland Park Kansas, there’s currently 4.8 months of inventory on the market.  Still a buyer’s market but really not bad at all in our current real estate market. Of concern is the average sales prices across the Actives, Contracts written and homes Sold. This is telling us the average Overland Park seller feels their home is worth $260,000. However the average sales price of homes that went under contract during the same period was lower, at $246,000, The homes that actually Sold (closed) over the same period sold for even less – $32,000 less than the average sales price of the homes that came on the market during that time.

Looking at 15 days of market stats is a small snap shot of local Overland Park KS real estate activity. Market conditions also vary greatly from one Overland Park subdivision to another, so don’t take just a macro look at these market stats. If you’d like more information on the community you currently live or one you’re considering moving to, please don’t hesitate to request the information. You can post a comment below or email me directly.

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Posted by Jason A. Brown

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Overland Park KS Real Estate Update* Overland Park Kansas 15-Day Market Update

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Overland Park Kansas Real Estate Update

Overland Park KS Real Estate Market Stats <> 15-day Update

Type

#

Average $

Avg DOM

–

Newest Listings

199

$303,004

–

View Newest Listings

Total Active Listings

1,169

–

–

–

Newest Under Contract

130

$274,906 *

73

View Newest Under Contract

Newest Solds (Closed)

71

$251,499

93

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the AM on 4/30/09.

In the city of Overland Park KS there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Overland Park Kansas. Using the past 15 days of closed homes as a basis for figuring the absorption rate in Overland Park, there’s a little over 8 months of inventory on the market. As we’ve been seeing in most areas of the Kansas City metro, the Pending sales are looking better than the homes closed. If we run the numbers based on Pending sales (remember that all pending sales will not make it to the closing table), then the absorption rate is much improved 4.5 months of inventory.

Keep in mind that a 15-day period is a small sampling of Overland Park Kansas market activity. This information is designed to look at the what’s going on now in the current real estate market and it does not indicate the real estate markets long-term trend.

Posted by Jason A. Brown

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