Tag Archives: Lenexa KS Real Estate

Lenexa KS real estate update for March 2016… Get details on the balanced market & search Lenexa homes for sale

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The Jason Brown Group

Lenexa KS Real Estate Update

There were 17 homes sold (closed) in Lenexa Kansas the past 15 days. Comparing this sales rate to the current 174 homes for sale in Lenexa, the city has 5.1 months of inventory on the market. This volume of real estate inventory indicates a balanced real estate market in Lenexa. The average new listing the past 15 days in Lenexa Kansas came on the market around a $374,000 list price, while the average sales price during the same time frame was close to $325,000.

Type # Average $ Avg DOM
Listings Past 15 Days 59 $373,810 —
Total Active Listings 174 — —
Newest Contracts Written 48 $288,618 68
Sold (closed) Past 15 Days 17 $325,465 55

* 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 55 days, while the last 48 homes to go under contract did so in 68 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 – February 2015 Update

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The Pulse Of The Kansas City Real Estate Market

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

Using the 22 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.5 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 $322,000, while the average sales price during the same time period was around $266,000.

Type # Average $ Avg DOM
Listings Past 15 Days 38 $322,326 —
Total Active Listings 153 — —
Newest Contracts Written 41 $280,346 56
Sold (closed) Past 15 Days 22 $265,810 78

* 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 22 homes sold in Lenexa Kansas were on the market an average of 78 days, while the 41 homes to go under contract during the same time period did so in 56 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 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 – May 2014 Update

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The Pulse Of The Kansas City Real Estate Market

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

Using the 34 homes sold in Lenexa the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.7 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 $306,000, while the average sales price during the same time period was around $270,000.

Type # Average $ Avg DOM
Listings Past 15 Days 57 $306,001 —
Total Active Listings 184 — —
Newest Contracts Written 50 $259,180 41
Sold (closed) Past 15 Days 34 $269,913 100

* 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 34 homes sold in Lenexa Kansas were on the market an average of 100 days, while the 50 homes to go under contract during the same time period did so in a much shorter 41 days on average. We can assist you with buying or selling a home in Lenexa Kansas, so please contact The Jason Brown Group with all of your Lenexa 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.

Lenexa Kansas Real Estate Information

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Lenexa Kansas Real Estate Market Update – April 2014 Update

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The Pulse Of The Kansas City Real Estate Market

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

Using the 20 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.6 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 $351,000, while the average sales price during the same time period was around $283,000. 

Type # Average $ Avg DOM
Listings Past 15 Days 60 $351,899 —
Total Active Listings 182 — —
Newest Contracts Written 46 $290,617 57
Sold (closed) Past 15 Days 20 $283,396 111

* 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 Lenexa were on the market an average of 111 days, while the 46 homes to go under contract during the same time period did so in 57 days on average. We can assist you with buying or selling a home in Lenexa, so please contact us with any questions you have about real estate in the area. You can also start the process with our detailed website regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

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Kansas City Real Estate Trends And Lifestyles April 2014 Edition

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Checking The Pulse Of The Kansas City Real Estate Market

Falling mortgage interest rates, a seller’s real estate market, questions to ask before buying a home, predictions of increased supply of homes and figuring out what to do if you feel priced out of homes in your desired city are just a few of the topics in this months Kansas City real estate trends and lifestyles. Although it appears we may be trending towards a balanced real estate market in Johnson County Kansas, we still remain in a clear seller’s market with supply of homes not yet meeting buyer demand. Here’s more details about what’s going on with the local and national real estate market…  

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Lenexa Kansas Real Estate Market Update – April 2013 Update

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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.

Lenexa Kansas Real Estate Information

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29% Of U.S. Homeowners Have Their Home Paid Off

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Checking The Pulse Of The Kansas City Real Estate Market

If someone had asked me to guess what percent of homeowners have their home paid off, I’d probably have tossed out somewhere in the 15% range. So I was surprised to see a Zillow report that indicates 29% of homeowners in the U.S. have their home completely paid off. It really does surprise me in today’s indebted society that such a large portion of homeowners have positioned themselves so strongly with their real estate investments. 

Pai

At a time when an estimated 20% of U.S homeowners are either upside down on their home, selling their home in a Short Sale or currently behind on their mortgage payments, it’s good to know that 29% of homeowners are free of any mortgage debt. The stability of these homeowners is helping counteract the distressed sales in the market-place and is a big reason why areas like Johnson County Kansas have been out of a buyer’s market and in a balanced real estate market for more than a year now. 


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Lenexa Kansas Real Estate Market Stats – June 2012 Update

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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 5.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Lenexa. The average sales price of the homes sold (closed) the past 15 days in Lenexa was nearly $255,000 and the average new listing came on the market at virtually the same price.

Type # Average $ Avg DOM
Listings Past 15 Days 43 $254,898 —
Total Active Listings 246 — —
Newest Contracts Written 35 $264,837 74
Sold (closed) Past 15 Days 21 $254,644 134

* 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 in Lenexa were on the market an average of 134 days, while the last 34 homes to go under contract did so in a much quicker average of 74 days. We help Lenexa Kansas home buyers and home sellers and if you’re considering purchasing or selling a home the Lenexa area, my group can provide you expert guidance through the real estate process. Get more details here regarding selling a Lenexa home or buying a Lenexa Kansas home. If you have specific questions, please contact us for assistance.

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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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Let’s Hope Home Prices In Kansas City Don’t Fall 5% In The Next Year

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Checking The Pulse Of The Kansas City Real Estate Market

I’ve seen multiple reports recently that home prices nationally could fall another 5% in the next 12 months. The foreclosure trend we’ve been seeing is expected to continue and that, along with the unemployment rate and overall slow economy, play a large role in those predictions. Our market here locally appears more stable than many areas, so there’s reason to be hopeful that the Kansas City metro area will continue bucking the overall national trends. I do find it interesting that the Kansas City metro area rarely gets mentioned in most articles covering the national real estate market. Maybe that’s a good thing.

Some of the reports I’ve been reading are eye-opening, like the one about how home prices have now fallen further than they did during the Great Depression.  I made some quick notes on a recent article that estimated home prices fell 31% during the Great Depression, compared to the 34% decline in during the current real estate downturn. That’s almost unbelievable. But since real estate is local and we haven’t experienced the peeks and values that many other parts of the county have experienced, there’s reason to be optimistic. Be sure to keep track of our current real estate market stats and trends here, so you’ll be on top of the local market when it’s time to buy or sell a home in Kansas City, Johnson County KS or the surrounding metro area.


Posted by Jason Brown

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