Lenexa Kansas Real Estate Market Update – April 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 2.8 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Lenexa and it’s the lowest volume of inventory I’ve seen in the city in many years. The average new listing the past 15 days came on the market around $334,000, while the average sales price over the same period was around $264,000.

Type # Average $ Avg DOM
Listings Past 15 Days 37 $333,511
Total Active Listings 143
Newest Contracts Written 40 $255,560 76
Sold (closed) Past 15 Days 26 $264,433 120

* 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 26 homes sold in Lenexa were on the market an average of 120 days. If you are looking to buy or sell a home in Lenexa and have questions about the area or market stats, please contact us for assistance. You can also find detailed information on our website regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

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Posted by Jason Brown

 

Lenexa Kansas Real Estate Market Update – January 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 6.2 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Lenexa. The last 14 homes homes sold (closed) in Lenexa Kansas were on the market an average of 73 days and had an average sales price of more than $382,000.

Type # Average $ Avg DOM
Listings Past 15 Days 23 $295,453
Total Active Listings 174
Newest Contracts Written 19 $214,847 118
Sold (closed) Past 15 Days 14 $382,449 73

* 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 average new listing the past 15 days in Lenexa came on the market at more than $382,000. My group can help you through the process of buying or selling a home in Lenexa Kansas, so let us know more about your real estate situation. You can find more details here regarding Lenexa Kansas listing agent services and Lenexa Kansas buyer’s agent services. Contact us with questions.

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Posted by Jason Brown

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Lenexa Kansas Real Estate Market Update – December 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 7.5 months of inventory currently on the market. This amount of inventory is considered a slight buyer’s real estate market in the city of Lenexa. The last 12 homes sold (closed) in Lenexa Kansas were on the market an average of 125 days.

Type # Average $ Avg DOM
Listings Past 15 Days 20 $248,692
Total Active Listings 181
Newest Contracts Written 18 $289,633 86
Sold (closed) Past 15 Days 12 $221,613 125

* 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 average sales price the past 15 days was nearly $222,000, while the average new listing came on the market at close to $249,000. If you are considering buying or selling a home in Lenexa Kansas, we can help you through the process. You can find more details here regarding selling a Lenexa Kansas home or here regarding buying a Lenexa Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Lenexa Kansas Real Estate Market Stats – October 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 6.1 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Lenexa. The homes sold (closed) in Lenexa the past 15 days had an average sales price of more than $254,000, while the average new listing came on the market at more than $279,000.

Type # Average $ Avg DOM
Listings Past 15 Days 33 $279,311
Total Active Listings 207
Newest Contracts Written 24 $249,035 134
Sold (closed) Past 15 Days 17 $254,225 68

* 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 17 homes sold in Lenexa Kansas were on the market an average of 68 days. If you’re in the market to buy or sell a home in Lenexa Kansas, my real estate group can help you through the process. Get  details here regarding selling a Lenexa Kansas home and with buying a Lenexa Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Is Your Overland Park Realtor Using Quick Response Barcodes On Their Marketing To Get Your Home Sold?

Checking The Pulse Of The Kansas City Real Estate Market

With more than 4, 5… 10 months of inventory on the market in some of our local areas, it’s important that sellers are choosing agents who understand and make use of today’s technological advancements. 87% of home buyers are currently finding their homes online, before they ever step foot in the door. So your home better be in all the places buyers are looking for homes — and be memorable once they find it.

Some of the best buyers are the ones who have narrowed down the area they want to live and are spending time driving through a particular neighborhood. When that happens, does your agent provide home brochures at the yard sign? Probably 3/4 of the listings I see do NOT have brochures. That amazes me. Print advertising such as newspapers are dying out, but one type of print marketing that is still a very effective means for marketing a home are the brochures a listing agent puts at the yard sign. When buyers drive by our listings, we provide color brochures on glossy, water-resistant paper. We want to be sure they take something valuable with them to help them remember your home by later. We also want them to be able to get more home details and more photos than can be put on a brochure.

If we can get a home buyer to go and view your home online, we know that they’ll benefit from the mapping features online, get to view a virtual tour of your home, ask any questions and schedule a showing on your home. So how do we get buyers to our listings online? We were one of the first Overland Park Realtors back around 2005 to provide each of our listings their own domain to take potential home buyers straight to the listing online — rather than having to navigate through our home page or featured listings to get to the client’s listing. We still advertise a unique web listing domain for each of our listings. For example, here’s the domain for an Overland Park home we listed this week… http://16044.JBPRealtyGroup.com.

We’ve more recently piggy backed on these web domains through the use of Quick Response (QR) Barcodes on our brochures. This allows potential buyers to use their smart phones to snap a photo (with the camera in their phones) and a bar code application on their phones will take them straight to that home’s listing online – without ever typing anything! Most new phones come with a scanner app already included. If you have an older Blackberry, iPhone or Android a couple of good FREE applications are ScanLife and NeoReader.  The most important thing you can do when listing your home is hiring an Overland Park real estate agent who is on the cutting edge when it comes to marketing their real estate listings.


Posted by Jason A. Brown