Tag Archives: Lenexa Homes For Sale

View Nearly 300 Homes On The Spring 2012 Kansas City Parade Of Homes Tour

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Checking The Pulse Of The Kansas City Real Estate Market

The 2012 Kansas City Spring Parade of Homes tour is under way and about to enter its second weekend. There’s 287 homes on tour for potential home buyers to view in Kansas City, Johnson County Kansas, Overland Park and the surrounding areas. The Parade of Homes runs through Sunday April 29th, so there’s plenty of time to get out and see our area new home communities, new floor plans and the great home options made available by Kansas City’s best home builders.

There’s no cost to enter of the nearly 300 homes on tour and parade books are available at the Kansas City Home Builders Association location near I-435 and Holmes Road in Kansas City.  Or you can start planning your own route by using this online tool to search by city, subdivision and price range. Here’s an online copy of the Parade of Homes magazine, click on the magazine to start the slide show.  Finally, here’s a list of the some of the award-winning homes on the Kansas City Spring Parade of homes tour. Most of the homes on the tour are scheduled to be open from 11am to 6pm daily.

Posted by Jason Brown

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Lenexa Kansas Real Estate Market Update – April 2012

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 7.7 months of inventory currently on the market. This amount of inventory is considered a buyer’s market. But keep on eye on the solid number of homes that went under contract during the same time period. If we were to figure the absorption rate using the 36 homes that went under contract (assuming they’ll all close), there’s 3.2 months of inventory on the market.

Type # Average $ Avg DOM
Listings Past 15 Days 35 $269,196 –
Total Active Listings 230 – –
Newest Contracts Written 36 $250,595 111
Newest Sold (Closed) 15 $248,613 184

* 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 (closed) in Lenexa took an average of 184 days to close. The average sales price of those homes was nearly $249,000, while the average new listing the past 15 days in Lenexa came on the market around $269,000. If you are making plans to buy or sell a home in Lenexa Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Lenexa KS home and with buying a Lenexa KS home. Please contact us with any questions you may have.

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Posted by Jason Brown

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Lenexa Kansas Real Estate Market Update – January 2012

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 8.8 months of inventory currently on the market. This amount of inventory is considered a buyer’s real estate market. The average sales price the past 15 days in the city of Lenexa was about $198,000 while the average new listing came on the market around $325,000. The last 12 homes that sold (closed) in Lenexa were on the market an average of 196 days.

Type # Average $ Avg DOM
Listings Past 15 Days 24 $324,523 –
Total Active Listings 211 – –
Newest Contracts Written 10 $193,585 187
Newest Sold (Closed) 12 $197,542 196

* 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.

If you are making plans to buy or sell a home in Lenexa Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Lenexa KS home or with buying a Lenexa KS 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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Search 20,000+ Homes For Sale In Kansas City, Johnson County KS, Overland Park And The Surrounding Area

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Checking The Pulse Of The Kansas City Real Estate Market

Want to search all 20,000+ Kansas City homes for sale? Or do you just want to search the homes for sale in a specific price range, area or with other specific search parameters? You can do all that and, if you choose to, even save your favorites (for free) and come back later to login and view them! You can also set yourself up to receive automatic email updates whenever new homes for sale come on the market in Kansas City, Johnson County Kansas, Overland Park, Olathe, Lenexa, Leawood, Shawnee, Prairie Village and the surrounding areas — and YOU choose the search parameters that will trigger the system to send you an email notification.

Click Here To Start Search Kansas City Homes For Sale


Posted by Jason Brown

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Lenexa Kansas Real Estate Update – November 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 7.7 months of inventory currently on the market. This amount of inventory indicates a continued buyer’s market in the city of Lenexa. The months of inventory however continues to be reduced. When we checked Lenexa’s October real estate stats, there was 11 months of inventory on the market. The improvement we’ve seen is due to fewer homes being on the market today and also on a slightly higher sales rate — both promising signs for Lenexa home sellers.

Type # Average $ Avg DOM
Listings Past 15 Days 16 $228,264 –
Total Active Listings 246 – –
Newest Contracts Written 18 $231,252 134
Newest Sold (Closed) 16 $219,521 130

* 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 (closed) the past 15 days did so in an average of 130 days on market. The average list price the past 15 days was close $228,000, while the average new listing during the same period came on the market at nearly $220,000. If you are making plans to buy or sell a home in Lenexa Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Lenexa home or with buying a Lenexa home. Please contact my group with any questions you may have and we look forward to assisting you!

Lenexa Kansas Relocation Information

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Posted by Jason Brown

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Lenexa Kansas Real Estate Update – October 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 11.0 months of inventory currently on the market. This amount of inventory indicates it’s a clear buyer’s market in the city of Lenexa. The sales pace needs to pick up to eat into the 286 homes for sale in the city. The average sales price of the last 13 homes to sell in Lenexa had an average sales price around $197,000, while the average new listing came on the market at close to $287,000.

Type # Average $ Avg DOM
Listings Past 15 Days 34 $286,517 –
Total Active Listings 286 – –
Newest Contracts Written 24 $249,937 125
Newest Sold (Closed) 13 $197,096 163

* 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 (closed) the past 15 days in Lenexa took an average of 163 days to do so. If you’re making plans to buy or sell a home in Lenexa Kansas, we have Lenexa real estate experts to guide you through the buying or selling process. Here’s information on how we can assist you with selling your Lenexa area home or with buying a Lenexa area home.  Contact us with any questions you may have and we look forward to guiding you through the real estate process.

Lenexa Kansas Relocation Information

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Posted by Jason Brown

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Lenexa Kansas Real Estate Update – August 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 7.2 months of inventory currently on the market. This considers the current volume of 292 homes for sale in Lenexa and the sales (closing) rate experienced the past 15 days in the city. This amount of inventory is considered a buyer’s market but Lenexa is still outpacing many Kansas City metro areas. The average list price the past 15 days was over $300,000 while the average sales price was about $212,000 and that’s a concern.

Type # Average $ Avg DOM
Listings Past 15 Days 43 $302,669 –
Total Active Listings 292 – –
Newest Contracts Written 29 $251,645 115
Newest Sold (Closed) 19 $211,792 132

* 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 most recent 19 homes to sell in Lenexa were on the market an average of 132 days. If you’re considering selling or buying a home in Lenexa KS, we can provide you expert representation and guide you through the process.  Here’s more info about selling your Lenexa home and buying a Lenexa home. Please contact us with any questions you may have and we look forward to assisting you.

Lenexa Kansas Relocation Information

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Posted by Jason Brown

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Lenexa Kansas Real Estate Update – April 2011

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 6.3 months of inventory currently on the market. This is an improvement over the 8.9 months of inventory in our March look at Lenexa’s stats. We were hoping to see the sales rate pick up with the weather but there were almost the same number of homes going under contract during the past 15 days as there were homes that closed. Although home sales in Lenexa haven’t picked up the past 15 days, we’re just now heading into the prime selling season.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 66 $295,140

–

Total Active Listings

 327

–

–

Newest Contracts Written

 25 $276,572 176

Newest Sold (Closed)

 26 $246,249 185

* 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.

The days on market for both the homes that closed and those that recently closed is right around 6 months and higher than most Lenexa area sellers would prefer. The average list price the past 15 days was about $50,000 higher than the average sales price of the homes that closed. If your real estate goals involve buying or selling a home in Lenexa, these types of market stats will give you an advantage over your competition – whether that’s other Lenexa home sellers or home buyers. Please let us know when you’re ready to receive expert real estate guidance. 

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Posted by Jason A. Brown

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Lenexa Kansas Real Estate Update – March 2011

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

After calculating the absorption rate the past 15 days in Lenexa Kansas and comparing it to the 259 homes for sale in Shawnee, we find there’s 8.9 months of inventory on the market. This is high but not unusual in our current real estate market. This amount of inventory represents a buyer’s market in Lenexa. The number of homes that went under contract during the same 15-day period was only slightly better and the sales pace will need to pick up as we head into March to eat into the current inventory.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 40 $305,695

–

Total Active Listings

 259

–

–

Newest Contracts Written

 18 $237,861 149

Newest Sold (Closed)

 14 $210,654 228

* 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.

The average list price (around $306,000) compared to the average sales price (around $211,000) is a legitimate concern. Keep in mind that market stats can change quickly and we’re looking at a 15-day market snap shot. We look forward to getting you the information you need to make an informed real estate decision. Please let me know how we can assist you with buying or selling a Lenexa area home.

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Posted by Jason A. Brown

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Months Of Kansas City Real Estate Inventory Broken Down By Price Range

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Checking The Pulse Of The Kansas City Real Estate Market

As a tumultuous 2009 comes to a close,  it’s time to analyze our local market stats from a little different perspective. Rather than looking at a specific city or micro-analyzing a particular subdivision, below we take a look at the Kansas City metro market as a whole and break things down by price range.  The following includes single family properties only and uses an absorption rate calculated using the average monthly sale’s rate over the past 6 months in each price range…

Price Range Active Listings Months of Inventory
Under $50,000 1,382 6.8
$50 to $100 2,819 10.0
$100 to $150 3,274 10.5
$150 to $200 2,696 8.8
$200’s 2,315 7.6
$300’s 989 8.8
$400’s 445 8.4
Over $500,000 872 16.8


Other than upper bracket homes, there’s a high volume of inventory in the $50,000 to $150,000 range. Since months of inventory factors in the sales rate within the price range, the high numbers in these price ranges can’t simply be chalked up to there being more homes in the particular price range. There’s simply a lot of homes on the market for the buyer demand that’s out there for this price range of home.

The $200’s price range  is the most stable price range in the metro area, with 7.6 months of inventory currently on the market. If you’re a buyer looking for a home over $500,000, you should be pleased when you see what your money can buy you in today’s real estate market.  Certainly, with more than 16 months of inventory on the market in the upper bracket price ranges, you’ll find some motivated sellers.


Posted by Jason A. Brown

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