Leawood Kansas Real Estate Update – November 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 6.6 months of inventory currently on the market. This is quite an improvement for the Leawood real estate market since the 12.1 months of inventory when we checked the Leawood real estate stats in September. The improvement is mostly due to a reduction down to 239 homes for sale in Leawood, which is down from 325 homes for sale back in September.

Type # Average $ Avg DOM
Listings Past 15 Days 26 $454,514
Total Active Listings 239
Newest Contracts Written 20 $390,580 147
Newest Sold (Closed) 18 $331,107 118

* 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 18 homes that sold (closed) in Leawood did so in less than 4 months time, which is also an improvement over the nearly 6 months it was taking to sell homes to sell back in September. If you are making plans to buy or sell a home in Leawood Kansas, my group looks forward to guiding you through the process. Here’s information on how we can assist you with selling a Leawood home or buying a Leawood home. Please contact us with any questions you may have!

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Posted by Jason Brown

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Leawood Kansas Real Estate Update – May 2011

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

After calculating the absorption rate over the past 15 days in Leawood Kansas, we find the city has 13.8 months of inventory currently on the market. This is very high and due to the fact that in the entire city of Leawood there were just 12 homes Sold (closed) over the 15 day period. 33 homes went under contract during the same 15 days and that’s a solid number. Should most of those homes close, the months of inventory could be drastically lower when we check the stats next month.

Type

#

Average $

Avg DOM

Listings Past 15 Days

43 $544,597

Total Active Listings

330

Newest Contracts Written

33 $453,868 112

Newest Sold (Closed)

12 $342,258 448

* 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.

Leawood Kansas home buyers and home sellers have plenty of options when choosing a Leawood real estate agent. Staying up on your local market before your home goes on the market AND while it’s for sale is critical. Be sure you choose an agent who cares enough about your success to stay current on the local Leawood real estate market stats and to keep you informed so you can make the best real estate decisions. 

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Posted by Jason A. Brown

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I Love Working Hard With No Guarantee That I’ll Ever Get Paid — Really, I Do

Checking The Pulse Of The Kansas City Real Estate Market

I’ve got to be in the craziest profession of them all. Strictly commission based in a business where the company never even asked to see my diploma from the University of Kansas. Although the diploma didn’t end up playing a pivotal role, at least I got to play a lot of pickup basketball with some of the great KU basketball players from 1989 to 1992. Once I left college I jumped right into real estate and have since been a partner in the development of many Kansas City area home communities. For the last five years however, I’ve focused strictly on representing buyers in sellers with their Kansas City real estate needs.

For those who don’t know much about the industry, real estate agents are 100% commission based – or at least all of them I know are. There’s no base salary or draws against future income like you’ll find in sale’s positions in the insurance industry, automotive industry, etc.  But I’m not crying the blues. Though the risk is undeniable, the rewards can be many. Still, without any guarantee that there will be any check waiting for you on Friday, real estate agents must have a plan that serves their clients well if they’re to survive in this business.

I’ve read many times over how easy it is to be a real estate agent. But the truth is that it’s not easy at all. There’s so much that goes into this business if an agent is truly looking out for their client’s best interests. No it’s not hard to get licensed and it’s not too difficult to keep up with the continuing education. But for many it’s hard to remain disciplined, focused, and put in the time necessary on a daily basis to get their sellers homes sold, ensure their buyers are receiving expert guidance while all the while creating a stream of future business.

Returning messages in a timely fashion, staying organized, marketing my listings, keeping an eye out for homes that meet my buyer’s needs, following up on my client’s transactions, providing detailed market info and everything in between is what I do on a daily basis. I’m in my office at 7 am nearly every day and that’s not something you’ll get out of most agents. I’m not knocking agents who don’t come in early, but getting into the office early helps ensure there’s enough time to get the necessary business done. Buyers and sellers are counting on their real estate agent to get them the best deal and  if an agent is always rushed, there’s no way that’s happening.

Much of the time, Kansas City home buyers and sellers don’t see the subtle things a good agent has done to bring them success. But, in the end my clients know that I took care of the little things along the way. Brokers and agents certainly go out on a daily basis and assume liability and risk with no guarantee of ever getting paid. But the successful days make up for all those days spent working with buyers who never bought, sellers that stuck to the list price despite feedback the home was over-priced, and other deals that fell apart when the buyer lost their job, the appraiser decided the home wasn’t worth what the buyer was willing pay, the lender decided to run the buyer’s credit after issuing a pre-approval letter, and so on and so forth.

Posted by Jason A. Brown

Leawood KS Real Estate Update – January 2010

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Info for The City of Leawood Kansas
Recent
15 Days of Leawood Kansas Market Activity

Using the past 15 days of Leawood KS real estate stats in the chart below, we can figure Leawood’s real estate absorption rate. At a sales rate of 22 sales per month in the city, that figures to 12.9 months of inventory on the market. Absorption rates help us analyze the supply and demand of inventory by using recent sales rate compared to current  inventory in a given area. What we continue to see in Leawood Kansas is too little demand for the amount of inventory that’s on the market. Do keep in mind that we’re in an extremely slow time of year for real estate sales, especially considering we’re in the midst of one of the worst winter weather months in recent memory.

Type
#
Average $
Avg DOM
Listings Past 15 Days
21
$379,807
Total Active Listings
284
Newest Contracts Written
11
$584,245 166
Newest Sold (Closed)
11
$505,110 179

* 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. 1/20/10: corrected a typo in the Sold line.

One item I find very interesting is that the average list price the past 15 days was way below the average sales price over the same period. This is the first time I’ve seen that in a very long time in Leawood Kansas and it appears area home sellers are pricing their homes more aggressively in recent weeks. If you’re considering selling or buying a Leawood Kansas home, we can provide you detailed market stats on all subdivisions that interest you.  When you’re ready, please let me know how we can assist you.

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Posted by Jason A. Brown