Tag Archives: Lenexa Kansas Real Estate Agent

Lenexa Kansas Real Estate Market – November 2014 Update

Posted on by

The Pulse Of The Kansas City Real Estate Market

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

Using the 19 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 5.7 months of inventory on the market. This amount of inventory indicates a buyer’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $284,000, while the average sales price during the same time period was around $268,000.

Type # Average $ Avg DOM
Listings Past 15 Days 38 $283,730 —
Total Active Listings 218 — —
Newest Contracts Written 34 $269,354 88
Sold (closed) Past 15 Days 19 $267,882 118

* 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 19 homes sold in Lenexa Kansas were on the market an average of 118 days, while the 34 homes to go under contract during the same time period did so in 88 days on average. We can assist you with buying or selling a home in Lenexa, so contact The Jason Brown Group with all of your area real estate needs. 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.

Lenexa Kansas Real Estate Information

Search All Lenexa Kansas MLS Listings

View More Local Market Stats

Listing Agents In Lenexa Kansas

Buyer’s Agents In Lenexa Kansas

Posted by Jason Brown

 

Is A Career As A Kansas City Real Estate Agent For You?

Posted on by

Checking The Pulse Of The Kansas City Real Estate Market

Real estate has really changed since I got into the business 20 years ago. Back in the 1990’s, many home sellers chose a BROKER to sell their home and a REAL ESTATE AGENT just came along for the ride. Today, the majority of sellers are choosing a REAL ESTATE AGENT, and a BROKER comes along for the ride. That’s closer to the truth than many people realize. Indeed, it’s the real estate agents who drive today’s real estate business.

Photo 1475

Because more and more real estate agents want to “run a business” and not be told how things are done at every turn, different types of brokerages have sprouted up over the years. The Keller Williams model is one where the company isn’t afraid to make their AGENTS the focus. When I sit down with home sellers at a listing appointment, I explain to each of them that they need to be sure they hire an agent who they feel they’ll work well with because in the end it’s the REAL ESTATE AGENT who’s going to sell the home more so than the broker behind the scenes.

This isn’t to say the brokerages are irrelevant. Behind the scenes the smart brokerages are focused on helping the real estate agents succeed. When that happens, the home sellers and home buyers being represented by the agents succeed. Keller Williams Realty understands this and it’s the reason I’ve been with Keller Williams for a decade now. It’s also the reason that Keller Williams Realty has become the largest real estate company in the U.S by agent count.

Keller Williams reputation is built on providing agents with useful technology, the training they need, the profit-sharing other brokerages shun, the caring nature that has agents helping each other in the office and, not to be overlooked by a numbers guy like me, a commission structure that is AGENT friendly.  So if you’re considering starting a real estate career,  feel free to contact me with questions you may have.

Posted by Jason Brown

Low Housing Inventory In Johnson County KS Leaves Home Buyers Competing For Homes

Posted on by

Checking The Pulse Of The Kansas City Real Estate Market

Buyers of every type have been coming out of the woodwork for much of the past year and it’s resulted in the Johnson County Kansas area having a low volume of inventory not seen in many years. This means most home sellers are sitting in a much better position than they were just a couple of years ago. Although not everyone has made back all the equity they lost in the market downturn, the real estate market has clearly stabilized in most areas of Johnson County Kansas. Most areas are actually in a seller’s market with regards to volume of inventory and were seeing many situations of multiple offers on properties — which pushes sales prices higher.

Photo 1092

One of the big changes from recent years is that buyers are active in virtually every segment of our local residential real estate market. More and more investors are out in force looking for flips or for properties to hold and rent out. First time home buyers are buying homes at affordable prices and move-up buyers that have been sitting the fence are finally making the move to accommodate their growing families. Some buyers who lost their homes previously have improved their credit scores enough to purchase a home. We’re also seeing more relocation calls than we’ve seen in many years.

All of this has created a seller’s market in regards to volume of inventory and, in many cases, a stabilized market in regards to home prices. If the volume of inventory remains down and demand remains strong, rising home values is the next logical step. I’m expecting that more homes listings will hit the market as more seller’s realize the opportunity in the current market and we’ll see how that, along with the typical rush of spring listings, affects the market in the next few months.


Posted by Jason Brown

Lenexa Kansas Real Estate Update – December 2009

Posted on by
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


Using the past 15 days of market stats in the chart below to figure the absorption rate in Lenexa Kansas, there’s 11 months of inventory on the market. Absorption rates tell us how much demand (Buyers) there are for our current supply of homes for sale. 11 months of inventory is very high and these conditions make it an excellent Buyer’s market in Lenexa right now. Keep in mind these absorption rates can improve quickly when using just 15 days of sales as the basis for figuring the absorption rate. For example, if there had been 24 sales instead of 12 over the past 15 days, then the absorption rate would have calculated to 5.5 months of inventory.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 21
 $270,276
–
Total Active Listings
 266
–
–
Newest Contracts Written
 19
 $285,816 52
Newest Sold (Closed)
 12
 $259,753 137

* 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.

If you’re considering selling or buying a Lenexa Kansas home, you’ll need more than just 15 days of market stats. You’ll also need Lenexa market stats specific to the subdivision or area that you’re considering. As a Lenexa Kansas Realtor, we work daily to help our home buyers and sellers with all their Lenexa Kansas real estate needs.  Please let us know how we can assist you with your specific real estate situation.

View Past Real Estate Stats On Lenexa KS

Buyer’s Agents In Lenexa KS

Seller’s Agents In Lenexa KS

Relocating To Lenexa KS

View All Listed Lenexa Kansas Homes For Sale


Lenexa Kansas Real Estate

Lenexa Kansas Real Estate

Lenexa Kansas fact…
The Santa Fe Trail cut through Lenexa Kansas
Posted by Jason A. Brown