Kansas Home Sale Prices Jump 19.6% On A Reduced Sales Volume

Checking The Pulse Of The Kansas City Real Estate Market


The latest market stats from the Kansas Association of Realtors for the month April shows home sales fell 0.4% state-wide compared to April of last year. This decrease in home sales follows up a 13.1 fall in last month’s update. A low volume of available housing inventory is a main contributor to the lower volume of home sales we’re experiencing.

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Overall in the state of Kansas, we have moved backed into a slight seller’s market with 4.6 months of inventory currently for sale. This is down from the 5.4 months of inventory at last month’s update. Along with the current seller’s market was a huge jump in home sales price with the average sales price up 19.6% compared to April of last year. This rise follows up last month’s 2.0% rise in home sale prices.

Locally in Johnson County Kansas, a seller’s real estate market continues with 891 homes sold (closed) during the past 30 days. Compared to the current volume of homes for sale in Johnson County Kansas, we have 2.4 months of inventory currently for sale in Johnson County. This amount of inventory represents a firm seller’s market.

CONTACT THE JASON BROWN GROUP ABOUT BUYING OR SELLING A HOME IN KANSAS CITY, JOHNSON COUNTY KS, OVERLAND PARK OR THE SURROUNDING AREA


Posted by Jason Brown

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Leawood Kansas Real Estate Market Update – May 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 20 homes sold in Leawood the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.0 months of inventory on the market. This amount of inventory indicates a slight seller’s real estate market in the city of Leawood Kansas. The average new listing the past 15 days came on the market around $736,000, while the average sales price during the same time period was around $509,000.

Type # Average $ Avg DOM
Listings Past 15 Days 51 $736,315
Total Active Listings 160
Newest Contracts Written 31 $512,776 61
Sold (closed) Past 15 Days 20 $509,208 63

* 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 20 homes sold in Leawood Kansas were on the market an average of 63 days, while the last 31 homes to go under contract did so in 61 days on average. We can assist you with buying or selling a home in Leawood, so please contact The Jason Brown Group with any questions you have about real estate in the Leawood area. You can also start the process by finding detailed real estate information on our site regarding selling a Leawood Kansas home and with buying a Leawood Kansas home.

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Leawood Kansas Real Estate Market Update – March 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 15 homes sold in Leawood the past 15 days to calculate the absorption rate in the city, we find there’s currently 5.3 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Leawood Kansas. The average new listing the past 15 days came on the market around $482,000, while the average sales price during the same time period was around $459,000.

Type # Average $ Avg DOM
Listings Past 15 Days 65 $482,078
Total Active Listings 160
Newest Contracts Written 35 $483,340 47
Sold (closed) Past 15 Days 15 $459,096 202

* 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 15 homes sold in Leawood Kansas were on the market an average of 202 days, while the last 35 homes to go under contract during the same time period were on the market 47 days on average. We can assist you with buying or selling a home in Leawood, so please contact us with any questions you have about real estate in the Leawood area. You can also start the process by finding detailed real estate information on our site regarding selling a Leawood Kansas home or buying a Leawood Kansas home.

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Home Sale Prices In Kansas On The Rise With Supply Of Homes Not Satisfying Home Buyer Demand

Checking The Pulse Of The Kansas City Real Estate Market


The latest market stats from the Kansas Association of Realtors for the month February, shows home sales fell 2.5% state-wide. This fall was related to a shortage of available housing and not due to lessening demand. This decrease follows up a 3.8% rise in the volume of homes sales at our last monthly market update.

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Overall in the state of Kansas, we remain in a balanced real estate market based on the 6.5 months of inventory currently for sale. This is up slightly from the 6.4 months of inventory at last month’s update. Despite the balanced real estate market, home prices in Kansas continue rising and were up 5.8%. This follows up a 2.6% rise in sales prices at our market update last month.

Locally in Johnson County Kansas, a seller’s real estate market continues with 596 homes sold (closed) during the past 30 days. Compared to the current volume of homes for sale in Johnson County Kansas, we have 3.2 months of inventory currently for sale in the county.

CONTACT THE JASON BROWN GROUP ABOUT BUYING OR SELLING A HOME IN KANSAS CITY, JOHNSON COUNTY KS, OVERLAND PARK OR THE SURROUNDING AREA


Posted by Jason Brown

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Leawood Kansas Real Estate Market Update – March 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 15 homes sold in Leawood Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.5 months of inventory on the market. This amount of inventory indicates a slight seller’s real estate market in the city of Leawood. The average new listing the past 15 days came on the market around $626,000, while the average sales price during the same time period was around $711,000.

Type # Average $ Avg DOM
Listings Past 15 Days 34 $626,032
Total Active Listings 136
Newest Contracts Written 19 $647,075 98
Sold (closed) Past 15 Days 15 $710,515 166

* 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 15 homes sold in Leawood Kansas were on the market an average of 166 days, while the last 19 homes to go under contract did so in 98 days on average. We can assist you with buying or selling a home in Leawood Kansas, so please contact us with any questions you have about real estate in the area. You can also start the process by finding detailed real estate information on our site regarding selling a Leawood Kansas home and with buying a Leawood Kansas home.

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Leawood Kansas Real Estate Market Update – February 2014 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 9 homes sold in Leawood the past 15 days to calculate the absorption rate in the city, we find there’s currently 6.7 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Leawood Kansas. The average new listing the past 15 days came on the market around $543,000, while the average sales price during the same time period was around $424,000.

Type # Average $ Avg DOM
Listings Past 15 Days 25 $543,345
Total Active Listings 121
Newest Contracts Written 24 $524,405 137
Sold (closed) Past 15 Days 9 $424,306 100

* 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 9 homes sold in Leawood Kansas were on the market an average of 100 days, while the last 24 homes to go under contract were on the market 137 days on average. We can assist you with buying or selling a home in Leawood, so please contact us with any questions you have about real estate in the area. You can find detailed real estate information on our site regarding selling a Leawood Kansas home and buying a Leawood Kansas home.

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Old Leawood Subdivision Market Stats ~ Old Leawood Homes For Sale In Leawood Kansas

Checking The Pulse Of The Kansas City Real Estate Market

Old Leawood Community Real Estate Stats
Old Leawood  Area in Leawood KS

The Old Leawood market stats dating back a year to February 2013 reflect 233 homes Sold (closed) during the year period. The average sales price in Old Leawood was $383,623 and the area had sales prices ranging from $125,000 to $1,220,000 over the 12-month period.

Comparing the 33 Active homes for sale in Old Leawood to the demand for homes the past year in the community, there’s 1.7 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in Old Leawood. The average current list price of $538,639 is higher than the average sales price the past 12 months in Old Leawood. The Old Leawood area is a popular Leawood Kansas community and located within close proximity to parks, shopping and dining amenities and near access to I-435 Highway in Leawood.

Old Leawood In Leawood Kansas

Old Leawood In Leawood Kansas

Old Leawood covers the northern portion of Leawood Kansas in the 66206 zip code and is served by the Shawnee Mission School District. Most of the homes in the Old Leawood area were built from 1942 to 1978. If your plans include buying or selling a home in Old Leawood or in one of the surrounding areas of Leawood Kansas, contact The Jason Brown Group for real estate assistance.

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Leawood Kansas Real Estate Market Update – January 2014 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 23 homes sold in Leawood Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.4 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in the city of Leawood. The average new listing the past 15 days came on the market around $472,000, while the average sales price during the same time period was around $388,000.

Type # Average $ Avg DOM
Listings Past 15 Days 10 $472,490
Total Active Listings 112
Newest Contracts Written 19 $377,005 100
Sold (closed) Past 15 Days 23 $388,391 77

* 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 23 homes sold in Leawood Kansas were on the market an average of 77 days, while the last 19 homes to go under contract did so in 100 days on average. We can assist you with buying or selling a home in Leawood Kansas or the surrounding area, so please contact us with any questions you have about real estate in the area. You can also start the process by finding detailed real estate information on our site regarding selling a Leawood Kansas home and with buying a Leawood Kansas home.

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Kansas and Missouri Are 2 Of The Top 5 States For Lowest Mortgage Closing Costs

Checking The Pulse Of The Kansas City Real Estate Market

Interest rates are still at historical lows, the market in the metro area is as solid as it’s been in nearly decade and there’s yet another reason to buy a home in Kansas City, Johnson County KS, Overland Park and the surrounding area… Mortgage loan closing costs associated with home purchases in the metro area are some of the lowest in the country.

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Bankrate.com has published the results of its 2013 survey on closing costs by state, looking for which states had the lowest fees for items such as loan origination charges, credit report charges, etc. Kansas and Missouri were two of the top 5 states in the country, with Missouri coming in 2nd at an average of $2,188 per transaction and Kansas coming in 3rd at $2,193 per transaction. The national average was $2,402 in closing costs and Wisconsin had the lowest closing costs at $2,119. 


Posted by Jason Brown

Kansas City Real Estate News, Trends And Lifestyles Of The Rich And Famous… June 2013

Checking The Pulse Of The Kansas City Real Estate Market

 

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Posted by Jason Brown