What Is Your Kansas City Real Estate Agent Doing That Sets Them Apart From Other Agents?

Checking The Pulse Of The Kansas City Real Estate Market

There’s a common misperception that all agents are the same and that really couldn’t be more from the truth. When I look around my office I’m amazed sometimes by how DIFFERENT all of us are. I’m different in many ways from some agents and occasionally completely different than some agents. But it’s good that we’re not all the same because not all home buyers are sellers are the same.

Different buyers and sellers have different needs and personalities and it’s important that both find a “good fit” because this isn’t a relationship that ends 5 minutes later. My real estate group is constantly working to make the process easier on our clients and we provide detailed services and exceptional communication throughout the process. It’s my goal to never have a seller ask “what are you doing to market my home?” or have a buyer ask “why haven’t we heard from you the past few weeks?” Instead, we want our clients thinking “my last real estate agent didn’t do that for me!”. One of the ways we leave clients with that feeling is through our use of electronic signatures.

Electronic signatures make the signing of real estate documents take minutes rather than hours. For home buyers it can mean the difference in getting the home they want or losing it to another buyer. Once a buyer decides to make an offer, it’s often a race to get the offer together and into the listing agents hands quickly to avoid losing the home to another buyer. Nearly 50% of agents are now using electronic signatures and those who do are getting contracts processed 80% faster than the old email-print-sign-scan-email back process. So consider the services you will receive during the process, because half of agents are clearly behind the times.   


Posted by Jason Brown

Continued Improvement In Real Estate Market Has Nearly Pushed State Of Kansas Into A Seller’s Market

Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtors stats (for the month of March) indicate a strengthening real estate market in the state of Kansas. The volume of home sales continue to rise and with that trend average sales prices are trending higher as well. Overall in Kansas, home sales increased another 4.1% in March, compared to March 2011 market stats. This follows a 3.4% increase at last months check.

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The state has moved back into a balanced real estate market with 5.3 months of inventory on the market. If next months stats show any further improvement, Kansas is likely to move into a seller’s real estate market. The 5.3 months of inventory is a huge reduction over the 7.4 months inventory last month. The rise in home sale prices was even more impressive, with average sales price rising a massive 9% compared to March of last year. This improvement follows up last months even larger 10% increase. 

Locally in the Johnson County Kansas area, the real estate market continues to favor home sellers. Over the past month there were 725 homes sold (closed) and comparing this sales rate against the current volume of homes for sale, it calculates to 2.9 months of inventory on the market. This is an improvement over last month’s already seller dominant 3.1 months of inventory.


Posted by Jason Brown

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Top 10 Hottest Home Sale Price Ranges In Johnson County Kansas

Checking The Pulse Of The Kansas City Real Estate Market

A common question we get from Johnson County Kansas home buyers is “What are the hottest price ranges in today’s real estate market?” The answer to this question is constantly changing and staying on top of such trends is one way we put our clients at an advantage in their real estate transactions. If you’re considering buying a home for personal use or as an investment, ask your real estate agent to fill you in on the hottest price ranges in your area of interest. This information could prove extremely beneficial in making a sound real estate decision.  


I’ve researched our local market stats by $25,000 increments to locate the most active price ranges the past 30 days in Johnson County Kansas. Here’s the top 10 price ranges listed by the most homes sold (closed)…

#1: $150,001 – $175,000 with 122 homes Sold.
#2: $125,001 – $150,000 with 113 homes Sold.
#3: $175,001 – $200,000 with 105 homes Sold.
#4: $225,001 – $250,000 with 82 homes Sold.
#5: $200,001 – $225,000 with 75 homes Sold.
#6: $100,001 – $125,000 with 65 homes Sold.
#7: $275,001 – $300,000 with 64 homes Sold.
#8: $250,001 – $275,000 with 56 homes Sold.
#9: $325,001 – $350,000 with 48 homes Sold.
#10: $300,001 – $325,000 with 41 homes Sold.

Posted by Jason Brown

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Johnson County Kansas Real Estate Update – November 2011

Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Johnson County Kansas, we find the area has 10.2 months of inventory currently on the market. This amount of inventory is considered a buyer’s market. When we looked at Johnson County’s real estate stats in April, we found 7.1 months of inventory at that time. There’s fewer homes on the market now than there was in April, so the increase can be completely attributed to a slower sales rate — during the past 15 days 167 homes were sold (closed), while during the 15-day period back in April 274 homes sold.

Type # Average $ Avg DOM
Listings Past 15 Days 367 $287,296
Total Active Listings 3,499
Newest Contracts Written 264 $238,285 136
Newest Sold (Closed) 167 $254,518 151

* 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 average priced new listing to come on the market the past 15 days was in line with the average sales price over the same period. This will provide many Johnson County home buyers with excellent options to consider. The volume of homes that went under contract the past 15 days was an impressive 264 and if all those homes make it closing, it should go a long way towards reducing the months of inventory of homes on the market.

If you are making plans to buy or sell a home in Johnson County Kansas, my group will guide you through the home buying or home selling process. Here’s info on how we can assist you with selling a Johnson County Kansas home and with buying a Johnson County Kansas home.  Please contact us with questions!

Johnson County Kansas Relocation Information

Search Johnson County Kansas Homes For Sale

View Additional Real Estate Stats On Johnson County KS

Our Johnson County Kansas Buyer’s Agent Services

Our Johnson County Kansas Listing Agent Services


Posted by Jason Brown

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If You Think The Kansas City Real Estate Market Is Bad…

Checking The Pulse Of The Kansas City Real Estate Market

The Kansas City metro area saw a much more gradual uptick in home prices during the boom than many metro areas. This has led to a softer fall for us than what we’re seeing in many metro areas across the U.S. I receive more real estate updates to my Google Reader than any one person can keep up with, but I read many of them and at least gloss over virtually all of the headlines. I’m seeing communities like Minneapolis, Phoenix, Las Vegas, Chicago, Charlotte and Tampa mentioned often as real estate markets that are really struggling to stabilize.

I see that in Minneapolis home prices fell nearly 4% in March alone! That’s an unbelievable drop for a one month period. There has been some good news this year with many hard hit metro areas such as Los Angeles, Boston, San Francisco, San Diego and Washington DC seeing some stabilization with home prices. The Minneapolis market is very interesting because it had done a decent job of avoiding the hard-hitting downturn experienced by some other major markets. But that is all changing now. Two other cities I have started hearing about serious concerns with their real estate markets are Dallas and Denver. Let’s hope those two – and all our major metro real estate markets – avoid what’s going on with the Minneapolis market.


Posted by Jason Brown

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Johnson County Kansas Real Estate Update – April 2011

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

After calculating the absorption rate over the past 15 days in Johnson County, we find there’s currently 7.1 months of inventory on the market. This is a positive trend and since there’s more – not less – homes for sale than when we last looked at the Johnson County market, the improvement can be chalked up to an increased sales rate. Although 7.1 months of inventory is indicative of a buyer’s market, it’s not far from what most would consider a stable real estate market. Once the volume of distressed properties coming on the market slows, it’s seems that home prices could stabilize pretty easily due to the continued demand for homes in the area.

Type

#

Average $

Avg DOM

Listings Past 15 Days

629

Total Active Listings

3,867

Newest Contracts Written

410 $235,979 121

Newest Sold (Closed)

274 $227,588 163

* 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.

There could be more good news in the 410 homes that went under contract in Johnson County the past 15 days. If we took the leap of faith and assumed that all of those homes would make it to the closing table (and used that figure to calculate the absorption rate), it would calculate to 4.7 months of inventory currently on the market. If your real estate goals involve buying or selling a home in Johnson County Kansas, please contact me for assistance. Our group helps buyers and sellers achieve their real estate goals every day and we look forward to assisting you.

View More Real Estate Stats On Johnson County Kansas

Buyer’s Agents In Johnson County Kansas

Seller’s Agents In Johnson County Kansas

Relocating to Johnson County Kansas

View All Listed Johnson County Kansas Homes For Sale

Johnson County Kansas

Johnson County Kansas

Featured Johnson County Kansas Link…
Johnson County’s Vision For 2030
Posted by Jason A. Brown

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End Of First Time Home Buyer Tax Credit Taking Toll On Johnson County KS Real Estate Market

Checking The Pulse Of The Kansas City Real Estate Market

The Home Buyer Credit ended the last day of April and since that time everyone with a stake in the real estate industry has been holding their breath in hopes that home sales would remain solid. However I’ve been concerned the past several weeks as web traffic, foot traffic and home inquiries have slowed. It was going to take a full month of market stats for me to analyze and be able to compare how our post-tax credit real estate market was doing. Well, the end of May has come, I’ve analyzed the stats,and the results aren’t  pretty.


The number of single-family Johnson County homes that went under contract in May 2010 was down roughly 60% when compared to April 2010.  The raw numbers are 1,138 homes going under contract from 4/1/10 through 4/30/10, compared to 438 homes going under contract 5/1/10 through 5/31/10. These figures give a clear indication that the end of the Home Buyer Credit is really taking a toll on the Johnson County Kansas real estate market.

I wanted to take another angle and also compare May’s (post-tax credit) market stats against a month that didn’t involve the frantic buyers trying to get under contract prior to the end of tax credit in April. So I took a look at the Johnson County Kansas market stats for May 2009 and found  781 homes went under contract. Compare this to the 438 homes that just went under contract in May 2010 and you get a huge 44% drop in contracts written. It appears, at least in the near-term, that the post-tax credit real estate market could remain a tough one for Johnson County Kansas home sellers.


Posted by Jason A. Brown

Johnson County Kansas Real Estate Update – July 2009

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


Johnson County Kansas Real Estate Information
Past 15 Days of Johnson County KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
571
Total Active Listings
3,289
Newest Contracts Written
408 $245,946 96
Newest Sold (Closed)
309 $266,218 118

* 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.

Johnson County KS Real Estate

Johnson County KS Real Estate

Using these past 15 days of market stats to figure the absorption rate in Johnson County Kansas, there’s currently 5.3 months of inventory on the market. If we use the 408 contracts written to figure the absorption rate (under the assumption that they all make it to closing – which they won’t), then the absorption rate would be an improved 4.0 months of inventory on the market in Johnson County KS.

The market is really looking better in terms of sales rate in the Johnson County KS area. We’re still seeing more homes listed than sold and since the months of inventory isn’t spiking this is an indication a significant amount of homes are going unsold/taken off the market by the sellers. This is not necessarily a bad thing because sellers simply running it up the flag pole further saturate the Kansas City real estate market.

Looking at 15 days of market stats is a small snap shot of local Johnson County KS activity. Market conditions also vary greatly from one city or subdivision to another, so don’t take just a macro look at market activity. Feel free to contact me to obtain detailed market stats on YOUR city, subdivision, zip code, etc.

View Past Johnson County KS Real Estate Stats

Johnson County KS Buyer’s Agents

Johnson County KS Listing Agents

View All Johnson County Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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