Tag Archives: Olathe Kansas Real Estate Agents

Olathe Kansas Real Estate Market Update – April 2013 Update

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Checking The Pulse Of The Kansas City Real Estate Market

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

Looking at the past 15 days of real estate sales activity in the city of Olathe Kansas and comparing it to the volume of homes for sale in the city, there’s 2.7 months of inventory in the city. This amount of inventory indicates a seller’s real estate market in the city of Olathe. The average sales price the past 15 days was nearly $210,000, while the average new listing came on the market around $218,000.

Type # Average $ Avg DOM
Listings Past 15 Days 94 $217,662 —
Total Active Listings 495 — —
Newest Contracts Written 130 $227,994 80
Sold (closed) Past 15 Days 93 $209,597 92

* 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 93 homes sold (closed) in Olathe were on the market an average of 92 days. If you need the market stats on a specific area of Olathe, please contact us to request the information you need. We can assist you with buying or selling a home in Olathe or in any area of the metro, so please contact us for assistance. You can find more details here regarding selling an Olathe KS home and with buying an Olathe KS home.

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Posted by Jason Brown

 

Olathe Kansas Real Estate Update – August 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 4.7 months of inventory currently on the market. This is a huge improvement over the 6.8 months of inventory when we looked at Olathe’s market stats near the end of June. In fact, this amount of inventory represents a balanced real estate market and that’s a good sign for Olathe home sellers. It should be noted that the average sales price the past 15 days was close to $205,000, while the average new listing came on the market at close to $232,000.

Type # Average $ Avg DOM
Listings Past 15 Days 141 $231,802 –
Total Active Listings 949 – –
Newest Contracts Written 100 $204,183 131
Newest Sold (Closed) 102 $205,714 133

* 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 homes that sold (closed) the past 15 days did so in 133 days. If you are making plans to buy or sell a home in Olathe Kansas, we look forward to helping you achieve your real estate goals. You can find out more about how we’ll help you sell your Olathe home or purchase an Olathe home. Please contact us with any questions you may have!

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Posted by Jason Brown

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Olathe KS Real Estate Update – January 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

Using the past 15 days of market stats in the chart below, the absorption rate in  Olathe Kansas is 16 months. That’s the highest I’ve seen it in the past 2 years. The problem is obviously a demand of 50 sales a month in the city when there’s 800 homes on the market. While this is alarming, do keep in mind the extreme weather we’ve had the past month led to very few contracts being written and, as such, we’re seeing few closings 30 days later. In fact, I don’t remember the last time I saw the contracts written stats in any city so much better than the homes sold (closed) stats.  84 homes went under contract over the same 15-day period and if we were to use that stat to figure the absorption rate (assuming they all will close), then the absorption rate would be a much improved 4.8 months of inventory.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 119 $223,020
–
Total Active Listings
 801
–
–
Newest Contracts Written
 84 $216,320 92
Newest Sold (Closed)
 25 $236,615 89

* 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.

Keep in mind that 15 days of market activity is a small snap shot of what’s going on with Olathe Kansas real estate. If you’re considering an Olathe Kansas home purchase or home sale, please contact me  for the market statistics specific to your Olathe KS subdivision or area. I look forward to discussing the comparable market statistics and general market conditions that will affect your buying or selling decisions.

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Posted by Jason A. Brown