Tag Archives: Olathe Buyer’s Agents

Olathe Kansas Kansas Real Estate Update – September 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 7.6 months of inventory currently on the market. This amount of inventory represents a seller’s market in the city of Olathe. The average sales price in Olathe dipped below $200,000, though the average listing that went under contract during the same 15 day period was listed at more than $210,000 when those homes went under contract.

Type # Average $ Avg DOM
Listings Past 15 Days 98 $210,967 –
Total Active Listings 906 – –
Newest Contracts Written 95 $212,750 124
Newest Sold (Closed) 60 $198,129 135

* 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 60 homes Sold (closed) in Olathe were on the market an average of 135 days. If you are making plans to buy or sell a home in Olathe Kansas, we can go to work as your listing agent or buyer’s agent and represent your best interests through the process. Here’s information on how we can assist you with selling your Olathe home or with buying an Olathe 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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Show Me The Buildfax… Will It Help Kansas City Homebuyers?

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Checking The Pulse Of The Kansas City Real Estate Market

You probably know someone who has used the internet to run a background check on someone they’ve just started dating. You’ve heard the commercials imploring consumer to tell car dealers “show me the Carfax”. So you’d think it wouldn’t have taken this long for someone to attempt to give potential home buyers the ability to do a background check on the home they’re buying. That’s what Buildfax Property History attempts to do and they’re offering home buyers the opportunity to get a free Buildfax Property History report through the end of August.


Buildfax touts their reports are beneficial to just about everyone associated with the real estate industry, including home buyers, insurance companies, title companies, home inspectors and appraisers. I presume the reports will come from a database of city permits and Buildfax readily admits it has access to less than 2/3 of such records across the U.S. But the potential exists here to find out a lot of interesting things about a home at a reasonable price.

If it does indeed lead to uncovering issues like major structural issues it could save home buyers thousands of dollars. Even if it just helps a buyer better understand major work done to a roof,  electrical, plumbing or HVAC, it could be well worth the $40 they’re going start charging after the end of this month. If you’re thinking about giving it a trial run, now’s the time while it’s free… so go check it out here.


Posted by Jason Brown

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Olathe 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 Olathe Kansas
Recent 15 Days of Olathe KS Market Activity

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 7.1 months of inventory currently on the market. This amount of inventory is not far from being considered a stable real estate market and that’s a promising sign for Olathe home sellers. The 64 homes that sold took 6 months to do so but the 99 homes that went under contract during the same 15-day period, did so in just 4 months.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 160 $237,180

–

Total Active Listings

 914

–

–

Newest Contracts Written

 99 $206,747 120

Newest Sold (Closed)

 64 $187,411 187

* 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 sales price is a concern as the average new listing was listed around $237,000, while the average sales price in Olathe over the same period was closer to $187,000. 5 to 7 months of inventory is considered a stable real estate market, so if the amount of inventory falls – due to fewer distressed listings on the market or due to a greater volume of home sales – home prices in Olathe could really stabilize.  If you are considering buying or selling a home in Olathe, it’s important that you hire a tech savvy real estate agent. Contact my group and we’ll provide you expert listing expertise when selling and expert buyer’s agent guidance when purchasing an Olathe area home. 

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Posted by Jason A. Brown

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Olathe Kansas Real Estate Update – December 2010

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

After calculating the absorption rate over the past 15 days in Olathe Kansas, we determine there’s currently 11.9 months of inventory on the market. This is high but the stats also cover the Thanksgiving holiday when sales are slower. Still, there’s a lot more inventory currently on the market than there are Sold (closed) homes or homes going under contract. The 38 homes that did close in Olathe the past 15 days took 169 day to do so.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 83 $206,083

–

Total Active Listings

 908

–

–

Newest Contracts Written

 49 $183,465 121

Newest Sold (Closed)

 38 $222,041 169

* 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 buying or selling an Olathe Kansas home is in your plans, please contact me to discuss your real estate situation. We can meet my office or at your home to discuss your goals and how we can help you achieve them. We’re internet savvy Olathe Kansas real estate experts and we’re always working to give our clients an advantage in their real estate transactions.

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Posted by Jason A. Brown

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Olathe Kansas Real Estate Update – February 2010

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

The past 15 days of  market stats in Olathe KS (see chart below), indicates there’s 14.5 months of standing inventory. Absorption rates allow us to compare the supply and demand of homes in Olathe Kansas. 14.5 months of inventory is extremely high but also consider that 15 days of market stats does not tell the whole story.  These stats are just a snapshot of whats going on recently in Olathe Kansas.  Also, the slow sales rate we’ve seen can be partly attributed to the poor weather we’ve seen in the region dating back to the end of 2009. But we also must consider that a 60-sale per month pace is going to do little to eat up the 869 homes on the market — especially when you consider the pace at which new listings are hitting the market in Olathe (165 in the past 15 days alone).

Type
#
Average $
Avg DOM
Listings Past 15 Days
 165 $230,194
–
Total Active Listings
 869
–
–
Newest Contracts Written
 108 $213,962 98
Newest Sold (Closed)
 30 $237,529 92

* 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 we were to assume that the 108 homes that went under contract would all close (they won’t), the months of inventory would be a greatly improved 4.0 months of inventory. That would be just fine in our current market. If we were to use a full 12 months of Olathe Kansas real estate sale’s history (2,066 homes sold) to calculate the absorption rate, the months of inventory in Olathe would calculate to 5.1 months.

If you’re considering purchasing or selling an Olathe home, I’ll look forward to showing you the market stats specific to your area of interest. We look forward to providing an elite level of commitment to help you make the most informed real estate decisions.

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Posted by Jason A. Brown