Tag Archives: Olathe Kansas Real Estate Agent

Olathe Kansas Real Estate Market Update – April 2014 Update

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The Pulse Of The Kansas City Real Estate Market

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

Using the 73 homes sold in Olathe the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.1 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Olathe Kansas. The average new listing the past 15 days came on the market around $248,000, while the average sales price during the same time period was around $225,000.

Type # Average $ Avg DOM
Listings Past 15 Days 177 $247,838 —
Total Active Listings 447 — —
Newest Contracts Written 147 $230,622 53
Sold (closed) Past 15 Days 73 $224,870 58

* 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 73 homes sold in Olathe Kansas were on the market an average of 58 days, while the last 147 homes to go under contract were on the market 53 days on average. We can assist you with buying or selling a home in Olathe, so please contact us with any questions you have about real estate in the area. You can also find detailed real estate information on our site regarding selling an Olathe Kansas home and with buying a Olathe Kansas home.

Olathe Kansas Real Estate Information

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Posted by Jason Brown

 

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

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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.

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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

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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.

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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

Olathe Kansas Real Estate Update – September 2009

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market


City of Olathe KS Real Estate Update
Past 15 Days of Olathe  Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
 150 $222,097
–
Total Active Listings
 928
–
–
Newest Contracts Written
 110 $230,532 124
Newest Sold (Closed)
 79 $224,530 107

* 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.

Olathe Kansas Real Estate

Olathe Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Olathe Kansas, there’s currently 5.9 months of inventory on the market.  That’s a lot of inventory in Olathe for home buyers to consider.  The days on market on around 4 months on the homes that went under contract the past 15 days. The average sales price is pretty consistent across the recent Active, Pending and Sold homes, which is a good sign that Olathe home seller’s are probably pricing their homes appropriately for our current market.

Looking at 15 days of market stats is a small snap shot of local Olathe KS real  estate activity. Market conditions  will vary from one subdivision to another and sometimes one block to the next. If you want to see additional statistics on your specific community, we can make it happen.

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Posted by Jason A. Brown

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