Tag Archives: Olathe KS Real Estate

Olathe Kansas Real Estate Market – September 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 78 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.6 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Olathe. The average new listing the past 15 days came on the market around $244,000, while the average sales price during the same time period was around $262,000.

Type # Average $ Avg DOM
Listings Past 15 Days 118 $244,108 —
Total Active Listings 556 — —
Newest Contracts Written 92 $269,086 45
Sold (closed) Past 15 Days 78 $262,231 65

* 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 78 homes sold in Olathe Kansas were on the market an average of 65 days, while the 92 homes that went under contract during the same time period did so in 45 days on average. We can assist you with buying or selling a home in Olathe, so please contact The Jason Brown Group with any Olathe Kansas real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling an Olathe Kansas home and buying an Olathe Kansas home.

Olathe Kansas Real Estate Information

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Posted by Jason Brown

 

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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Posted by Jason Brown

Home Sale Prices And Volume Of Homes Sales Remain On The Rise In Kansas

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Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtor market stats, covering home sale activity for Kansas during December, indicate home sales volume rose 1.3%. This improvement comes after a rare decrease in homes sales at last month’s check. The rise in home sales is impressive considering the majority of the closings would have had contracts around the holiday season, which is typically a slow time of year for real estate activity.

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Overall in the state of Kansas, we moved from a balanced real estate real estate market and into a slight seller’s market with 4.8 months of inventory on the market. This is down from last months 5.8 months of inventory on the market. In addition to the rising home sales volume, the average home sale price in Kansas also rose. Compared to last December, home sales prices increased 1.4%, which follows up last month’s 11.3% increase.

Locally in Johnson County Kansas, a seller’s real estate market continues with 428 homes sold (closed) during the past month. Compared to the current volume of homes for sale in Johnson County Kansas, we have 4.2 months of inventory currently for sale in the county.

CONTACT THE JASON BROWN GROUP ABOUT BUYING OR SELLING A HOME IN KANSAS CITY, JOHNSON COUNTY KS, OVERLAND PARK OR THE SURROUNDING AREA


Posted by Jason Brown

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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.

Olathe Kansas Real Estate Information

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Posted by Jason Brown

 

Olathe Kansas Real Estate Market Update – March 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 current volume of homes for sale in Olathe, we find there’s 4.6 months of inventory in the city. This amount of inventory indicates a slight seller’s real estate market in the city of Olathe. The average new listing the past 15 days came on the market around $229,000, while the average home sales price was nearly $243,000.

Type # Average $ Avg DOM
Listings Past 15 Days 111 $229,182 —
Total Active Listings 504 — —
Newest Contracts Written 120 $202,559 76
Sold (closed) Past 15 Days 55 $242,743 115

* 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 55 homes sold (closed) in Overland Park were on the market an average of 115 days. If you are considering buying or sell a home in Overland Park, we can assist you. Please contact us with any real estate questions you may have and we look forward to discussing your personal real estate goals. You can also find more details here regarding selling an Olathe Kansas home and with buying an Olathe Kansas home.

Olathe Kansas Real Estate Information

Search All Olathe Kansas MLS Listing

View More Local Market Stats

Listing Agents In Olathe Kansas

Buyer’s Agents In Olathe Kansas

Posted by Jason Brown

 

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. 

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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. 


Posted by Jason Brown

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Olathe Kansas Real Estate Market Stats – May 2012 Update

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Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Olathe Kansas to calculate the city’s absorption rate, we find there’s 3.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Olathe. If the current sales rate continues without a huge influx of new listings hitting the market, we are heading in the direction of a seller’s market in the city of Olathe.

Type # Average $ Avg DOM
Listings Past 15 Days 154 $257,044 —
Total Active Listings 727 — —
Newest Contracts Written 132 $224,884 124
Sold (closed) Past 15 Days 94 $210,700 150

* 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.

If the inventory of homes for sale in Olathe Kansas continues to dwindle, sales prices are sure to head upwards. This would be great news for home sellers in Olathe Kansas. We assist Olathe Kansas home sellers and home buyers every day and if you’re considering purchasing or selling a home the Olathe area, my real estate group looks forward to assisting you. Find more details here regarding selling an Olathe KS home or buying an Olathe KS home. If you have any questions, please don’t hesitate to contact us.

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Posted by Jason Brown

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Kansas Property Tax Collections Are Still Rising Despite Lower Property Values In Many Areas

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Checking The Pulse Of The Kansas City Real Estate Market

More than 1/3 of all property taxes collected in the state of Kansas come from property taxes. In 2010, property taxes accounted for 35% of the taxes collected overall by both state and local governments across Kansas. According to the KS Department of Revenue, taxes increased 94% between the late 1990’s to 2010. These taxes brought in $1.97 billion dollar in tax revenues in 1997 with that figure jumping to $3.8 billion in 2010. Check out the startling trend of rising property taxes compared to inflation rates.

Though the short-term trend in the chart shows more moderate property tax increases since 2008, the Kansas Association of Realtors is concerned that some sort of property tax reform will be required if we are to avoid a continuation of this troubling trend. Should we see a similar doubling of property taxes within the next decade or so, that trend would not benefit hopes for a housing rebound in the near future. It would certainly put more homeowner’s under water and the dream of homeownership out of reach for many more.


Posted by Jason Brown

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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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Home Sellers Reduced Home Prices $24 Billion During The Past 12 Months

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Checking The Pulse Of The Kansas City Real Estate Market

According to Trulia, home sellers nation-wide lost $24 billion in potential equity by way of price reductions taken when selling their homes. Many of the homes included in the report are still on the market and will see further price reductions before selling. Nationally, home prices were down 6.7% in the U.S. in February (year-over-year). Extremely motivated home sellers should watch the video in the link below and be sure their real estate agent is giving them the local real estate market stats, so they can make an informed real estate decision…

Realty Check: Pricing Under Pressure
Thu 07 Apr 11 | 04:25 PM ET


Posted by Jason A. Brown

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