Lenexa KS real estate update for May 2016… Get details on the strong Seller’s market & search Lenexa homes for sale

The Jason Brown Group

Lenexa KS Real Estate Update

There were 43 homes sold (closed) in Lenexa Kansas the past 15 days. Comparing this sales rate to the current 172 homes for sale in Lenexa, the city has 2.0 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Lenexa. The average new listing the past 15 days in Lenexa Kansas came on the market around a $296,000 list price, while the average sales price during the same time frame was around $294,000.

Type # Average $ Avg DOM
Listings Past 15 Days 55 $295,530
Total Active Listings 172
Newest Contracts Written 58 $305,935 59
Sold (closed) Past 15 Days 43 $294,197 61

* 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 43 homes sold in Lenexa Kansas were on the market an average of 61 days, while the last 58 homes to go under contract did so in 59 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Lenexa Kansas home.

The Jason Brown Group gives Lenexa home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Lenexa home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling a Lenexa Kansas home or buying a Lenexa Kansas home and contact us for personal real estate assistance.

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Lenexa Kansas Real Estate Market – September 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 25 homes sold in Lenexa 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 Lenexa. The average new listing the past 15 days came on the market around $312,000, while the average sales price during the same time period was around $250,000.

Type # Average $ Avg DOM
Listings Past 15 Days 45 $312,232
Total Active Listings 224
Newest Contracts Written 26 $310,384 67
Sold (closed) Past 15 Days 25 $249,697 87

* 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 in Lenexa Kansas were on the market an average of 87 days, while the 26 homes to go under contract during the same time period did so in 67 days on average. We can assist you with buying or selling a home in Lenexa, so don’t hesitate to contact The Jason Brown Group with all of your Lenexa Kansas real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

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Lenexa Kansas Real Estate Market Update – December 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 21 homes sold in Lenexa the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.4 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $270,000, while the average sales price during the same time period was around $237,000.

Type # Average $ Avg DOM
Listings Past 15 Days 15 $269,862
Total Active Listings 183
Newest Contracts Written 21 $244,596 74
Sold (closed) Past 15 Days 21 $236,615 67

* 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 21 homes sold (closed) in Lenexa were on the market an average of 67 days, while the last 21 homes to go under contract did so in 74 days on average. We can assist you with buying or selling a home in Lenexa and 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 Lenexa Kansas home or buying a Lenexa Kansas home.

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Lenexa Kansas Real Estate Market Update – July 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Looking at the past 15 days of real estate sales activity in the city of Lenexa Kansas and comparing it to the current volume of homes for sale in Lenexa, we find there’s 2.5 months of inventory in the city. This amount of inventory indicates a seller’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $283,000, while the average sales price during the same period was around $265,000.

Type # Average $ Avg DOM
Listings Past 15 Days 46 $282,988
Total Active Listings 173
Newest Contracts Written 36 $250,173 74
Sold (closed) Past 15 Days 35 $265,487 80

* 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 35 homes sold (closed) in Lenexa were on the market an average of 80 days. We can assist you with buying or selling a home in Lenexa, so please contact us with any real estate questions you may have about the area. You can also start the process by finding detailed real estate info on our website regarding selling a Lenexa Kansas home or buying a Lenexa Kansas home.

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Lenexa Kansas Real Estate Market Stats – July 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Lenexa Kansas Real Estate Update
Recent Real Estate Activity In Lenexa Kansas

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 3.8 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Lenexa. The average sales price the past 15 days was nearly $274,000, while the average new listing came on market at close to $233,000.

Type # Average $ Avg DOM
Listings Past 15 Days 44 $232,708
Total Active Listings 242
Newest Contracts Written 34 $251,296 65
Sold (closed) Past 15 Days 32 $273,960 96

* 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 32 homes sold (closed) in Lenexa were on the market an average of 96 days. We help Lenexa Kansas home buyers and home sellers achieve their real estate goals. If you’re considering purchasing or selling a home the Lenexa Kansas area, my real estate group would look forward to assisting you. Get more details here regarding selling a Lenexa KS home and with buying a Lenexa KS home. If you have specific questions, please contact us for assistance.

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Lenexa Kansas Real Estate Update – November 2011

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!

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Posted by Jason Brown

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Lenexa Kansas Real Estate Update – July 2011

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 7.3 months of inventory currently on the market. While still a buyer’s market in Lenexa, 7.3 months of inventory is quite an improvement over the 11.1 months of inventory when we took a look at Lenexa’s June market stats.

Type # Average $ Avg DOM
Listings Past 15 Days 35 $278,262
Total Active Listings 321
Newest Contracts Written 36 $253,695 148
Newest Sold (Closed) 22 $227,439 69

* 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’re exploring the possibility of buying or selling a home in Lenexa, please contact us to discuss your situation. Here’s additional information on how we can assist you with selling your Lenexa home or with buying a Lenexa home. Please contact us with questions.

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The Price Is Wrong Bob: Disputes Over What Items Are Fixtures Could Lead To Fisticuffs

Checking The Pulse Of The Kansas City Real Estate Market

I was at a final walk-through with a Lenexa home buyer and I see him staring intently into the 1/2 bathroom. My buyer asked if I knew whether the mirror over the vanity was staying. I said, if it’s screwed or glued to the wall then it’s staying. Otherwise it’s not a fixture and he should expect the home seller to take it with them when them moved out. Well, the mirror was just hanging on a nail and in all likelihood the mirror would be gone when my buyer took possession of the home. Fortunately this seller either didn’t want the mirror or didn’t realize it wasn’t a fixture because the mirror was still there after closing.

Many Kansas City real estate agents use the phrase “anything nailed, screwed or glued to the home stays with the home”. Really though, it’s more complicated than that. The Residential Real Estate Sale Contract (used in probably 99% of residential home sales in the Kansas City area) states that fixtures include items “buried, nailed, bolted, screwed or glued” to the property. But that paragraph in the contract becomes a little vague with the verbiage “or otherwise permanently attached to the property”. In most cases though it’s pretty clear what items are a fixture, equipment or appliance — and thus expected to stay with a home.

To make things as clear as mud, there’s a whole section of the base contract devoted to spelling what is a fixture in a home. Some of the interesting items include “Central vacuum and attachments”. Of course the central vacuum is a fixture but somewhere along the way, some squirrely seller must have taken the attachments with them when they move out. Fireplace glass doors that are attached to the firebox would stay. But fireplace doors just sitting on the hearth would not. Garage door openers obviously stay but since the remotes are NOT attached to the home, the contract is clear that those too are fixtures too. Humidifiers stay, right? Well, the one’s that are attached to the furnace do. But humidifiers sitting on the floor next to the furnace don’t.

The base contract says all built-in kitchen appliances stay yet that doesn’t include the refrigerator. The logic is that the refrigerator isn’t attached thus making it personal property. I’ve never seen this disputed but I wonder when the time will come that some seller will take the range/oven with them at closing. Like refrigerators, most ranges are not attached to the cabinetry or floor in any way — they simply slide in and sit on the floor.  One day a buyer is going to show up after closing to find the seller has taken the range with them. Could make for another good Judge Judy episode.

What about that shelving in the unfinished basement or garage? If it’s screwed into place then it stays. If it’s just sitting there on the floor, it doesn’t. One items that is seemingly a fixture but which does NOT stay with the home is a satellite dish. I assume that’s because many satellite dishes involved service contracts that bind the seller to continue paying for their service for the duration of the agreement — irregardless of where the seller lives.

Another of my favorites is outdoor play-sets. Those clearly are NOT fixtures but some sellers just leave them behind. It’s not right and if a buyer didn’t express interest in the play-set, the seller is probably going to have to come back and remove the play set from the property.  In an attempt to avoid this becoming a problem just before or after closing, I recommend writing into the additional EXCLUSIONS section of the contract that “play-set does NOT stay”. And about those ever confusing window treatments… blinds are fixtures but curtains are not. The rods the curtains hang on however are fixtures because they’re secured to the home.

Posted by Jason A. Brown