Leawood Kansas Real Estate Market Update – June 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Leawood Kansas Real Estate Update
Recent Real Estate Market Activity In Leawood KS

Looking at the past 15 days of real estate sales activity in the city of Leawood Kansas and comparing it to the current volume of homes for sale in Leawood, there’s 3.6 months of inventory in the city. This amount of inventory indicates a seller’s real estate market in the city of Leawood. The average new listing the past 15 days came on the market around $588,000, while the average sales price during the same period was nearly $408,000.

Type # Average $ Avg DOM
Listings Past 15 Days 33 $588,226
Total Active Listings 182
Newest Contracts Written 25 $457,744 120
Sold (closed) Past 15 Days 25 $407,760 73

* 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 25 homes sold (closed) in the city of Leawood were on the market an average of 73 days. If you’re considering a move, please contact us regarding your Leawood home buying or home selling situation. You can contact us with any real estate questions you may have and we offer in-depth online real estate regarding selling a Leawood Kansas home and with buying a Leawood Kansas home.

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Leawood Kansas Real Estate Market Update – May 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Leawood Kansas Real Estate Update
Recent Real Estate Market Activity In Leawood KS

Taking the past 15 days of real estate sales activity in the city of Leawood Kansas and comparing it to the current volume of homes for sale in Leawood, tells us there’s 4.1 months of inventory in the city. This amount of inventory indicates a seller’s real estate market in Leawood KS. The average new listing the past 15 days in Leawood came on the market around $556,000, while the average sales price during the same period was around $467,000.

Type # Average $ Avg DOM
Listings Past 15 Days 49 $556,472
Total Active Listings 195
Newest Contracts Written 41 $453,427 49
Sold (closed) Past 15 Days 24 $467,398 113

* 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 24 homes sold in Leawood Kansas were on the market an average of 113 days. If you’re making plans to sell or buy a home in Leawood Kansas, my real estate group can represent your best interests throughout the process. Please contact us with any real estate questions you may have and you’ll find a wealth of detailed info on our web site regarding selling a Leawood Kansas home and buying a Leawood Kansas home.

Leawood Kansas Real Estate Information

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Leawood Kansas Real Estate Market Stats – August 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Leawood Kansas Real Estate Update
Recent Real Estate Activity In Leawood Kansas

Using the past 15 days of real estate sales activity in Leawood Kansas to calculate the city’s absorption rate, we find there’s 6.4 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Leawood. The homes that sold in Leawood the past 15 days were on the market an average of 102 days.

Type # Average $ Avg DOM
Listings Past 15 Days 21 $446,945
Total Active Listings 268
Newest Contracts Written 16 $432,681 99
Sold (closed) Past 15 Days 21 $329,649 102

* 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 sales price the past 15 days in Leawood Kansas was nearly $330,000, while the average new listing came on the market at nearly $447,000. If you’re starting the process of buying or selling a home in the Leawood Kansas area, my real estate group can guide you through the real estate process. Learn more about our services and how we can assist you with selling a Leawood Kansas home or with buying a Leawood Kansas home. If you have questions, please contact us for assistance.

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Posted by Jason Brown

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Leawood Kansas Real Estate Market Stats – July 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Leawood Kansas Real Estate Update
Recent Real Estate Activity In Leawood KS

Using the past 15 days of real estate sales activity in Leawood Kansas to calculate the city’s absorption rate, we find there’s 6.3 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Leawood. The last 22 homes sold in Leawood averaged 95 days on the market and a sales price of nearly $432,000.

Type # Average $ Avg DOM
Listings Past 15 Days 45 $507,760
Total Active Listings 279
Newest Contracts Written 30 $377,150 74
Sold (closed) Past 15 Days 22 $431,825 95

* 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 45 most recent homes to hit the market in Leawood had an average list price of nearly $508,000. If you’re considering buying or selling a home the Leawood Kansas area, my real estate group looks forward to assisting you with your home purchase or sale. Get more details here regarding selling a Leawood Kansas home and with buying a Leawood Kansas home. If you have specific questions, please contact us for assistance.

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A Buyer’s Market In Kansas City Makes It Time To Buy, Not Ask Why

Checking The Pulse Of The Kansas City Real Estate Market

It’s amazing that during the seller’s market we experienced for many years, home buyers would rarely complain about the prices they were paying for homes. But now, during a buyer’s market, when Kansas City home buyers can buy a much larger home at a much cheaper price than they could have 5 or 10 years ago, they simply aren’t buying. Though moving cautiously is understandable given the shaky real estate market, there has never been a better time to buy a home.

Home buyers don’t just have to consider foreclosure homes to find a great deal either. There are MANY home sellers out there who have taken great care of their homes but who need to sell their homes immediately. They are willing to lose money to make it happen and I’ve seen many homes in excellent condition be as good a deal as some of the foreclosure listings available in today’s real estate market. The fall in the housing market has brought us back in line with where history says our housing prices should be. So if history is any indication, now could be the best time ever to buy a home.

When you add in that 30 year fixed rate mortgages are at historical lows, home buyers can get both a GREAT deal on a home and a GREAT low mortgage payment. If you’re a first time home buyer who didn’t lose any money in the real estate downturn, you could greatly benefit from today’s market. Even if you currently own a home, by moving up in today’s market the net effect on your real estate investment could be favorable by buying a larger home in today’s down real estate market. In today’s buyer’s market, home buyers in Kansas City, Johnson County Kansas, Overland Park and the surrounding areas have great negotiating power and there are great deals to be found across virtually all price ranges.


Posted by Jason Brown

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Leawood Kansas Real Estate Market Update – December 2011

Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Leawood Kansas, we find the city has 12.4 months of inventory currently on the market. This amount of inventory is considered a buyer’s market, though the slower sales rate we’ve seen is typical for the weeks leading up to the holiday season. The average sales price the past 15 days was $342,405 while the average new listing came on the market at $318,108.

Type # Average $ Avg DOM
Listings Past 15 Days 12 $318,108
Total Active Listings 272
Newest Contracts Written 14 $374,400 132
Newest Sold (Closed) 11 $342,405 172

* 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 homes that sold in Leawood Kansas the past 15 days took an average of 172 days to do so. If you are making plans to buy or sell a home in Leawood Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Leawood Kansas home or with buying a Leawood Kansas home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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Owning A Kansas City Home Has A Huge Effect On Our Economy

Checking The Pulse Of The Kansas City Real Estate Market

Wondering if housing really drives the economy? According to a study by NAR, one job is created for every two homes sold and homeownership accounts for more than 15% — over $2 TRILLION — of our U.S. GDP.  With the exception of many homeowners who purchased in 2006 and 2007, the financial reward of owning a home has been the single best investment most people have ever made. For those who haven’t done well or who have treaded water, there are still MANY other benefits to owning a home.

Though complicated to assess, the social benefits of home ownership are certainly huge. The NAR study indicates that homeowners pay 80% to 90% of federal income taxes collected. During our country’s great history, homeowner’s net worth has been about 40 times greater than that of renters. People who own homes also contribute greatly to stabilizing the neighborhoods in which they live, enjoy reduced crime in their areas and generally live more enriched lifestyles than those who rent.


Posted by Jason Brown

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Leawood Kansas Kansas Real Estate Update – September 2011

Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Leawood Kansas, we find the city has 12.5 months of inventory currently on the market. This amount of inventory indicates it remains a buyer’s market in the city of Leawood. The sales rate over the past 15 days will need to pick up to eat into the 325 homes for sale in Leawood. The average home that sold (closed) in Leawood the past 15 days did so for around $364,000, while the average new listing came on the market at just above $441,000.

Type # Average $ Avg DOM
Listings Past 15 Days 42 $441,102
Total Active Listings 325
Newest Contracts Written 29 $449,890 178
Newest Sold (Closed) 13 $363,746 158

* 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.

There was a promising trend with the homes that went under contract the past 15 days as the average list price of those homes was nearly $450,000 (list price when the homes went under contract). The volume of homes that went under contract was also more than double the number of homes that closed during the same 15-day period. If you’re making plans to buy or sell a home in Leawood Kansas, we can guide you through the process. Please let us know more about your real estate goals and learn more about how we can help you with selling your Leawood home or with buying a Leawood home.

Leawood Kansas Relocation Information

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Posted by Jason Brown

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Show Me The Buildfax… Will It Help Kansas City Homebuyers?

Checking The Pulse Of The Kansas City Real Estate Market

You probably know someone who has used the internet to run a background check on someone they’ve just started dating. You’ve heard the commercials imploring consumer to tell car dealers “show me the Carfax”. So you’d think it wouldn’t have taken this long for someone to attempt to give potential home buyers the ability to do a background check on the home they’re buying. That’s what Buildfax Property History attempts to do and they’re offering home buyers the opportunity to get a free Buildfax Property History report through the end of August.


Buildfax touts their reports are beneficial to just about everyone associated with the real estate industry, including home buyers, insurance companies, title companies, home inspectors and appraisers. I presume the reports will come from a database of city permits and Buildfax readily admits it has access to less than 2/3 of such records across the U.S. But the potential exists here to find out a lot of interesting things about a home at a reasonable price.

If it does indeed lead to uncovering issues like major structural issues it could save home buyers thousands of dollars. Even if it just helps a buyer better understand major work done to a roof,  electrical, plumbing or HVAC, it could be well worth the $40 they’re going start charging after the end of this month. If you’re thinking about giving it a trial run, now’s the time while it’s free… so go check it out here.


Posted by Jason Brown

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Leawood Kansas Real Estate Update – June 2011

Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Leawood Kansas, we find the city has 9.2 months of inventory currently on the market. This is an improvement on the more than 13 months of inventory when we took a look at Leawood’s stats in May, but it continues to be a buyer’s market in Leawood. The average sale price the past 15 days ($458,495) compared well against the average priced new listing in Leawood ($437,407) over the same period.

Type # Average $ Avg DOM
Listings Past 15 Days 60 $473,407
Total Active Listings 349
Newest Contracts Written 34 $448,782 122
Newest Sold (Closed) 19 $458,495 185

* 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 high in Leawood as the average listing took more than 6 months to sell. If you are making plans to buy or sell a home in Leawood Kansas, we’d look forward to representing your best interests through the process. Here’s more details about how we can assist you with selling your Leawood area home or with buying a Leawood area home and please contact us with any questions you may have. We look forward to assisting you with buying or selling a home in Leawood or the surrounding area.

Leawood Kansas Relocation Information

Search Leawood Kansas Homes For Sale

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Our Leawood Kansas Listing Agent Services

Posted by Jason Brown

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