Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market
September 2009 Real Estate Sales Versus 2008, 2005 & 2002
OVERLAND PARK KANSAS HOME SALES COMPARISON
Type |
# Homes Sold |
Avg Sales Price |
Avg DOM |
September 2009 |
221 | $249,607 |
123 |
September 2008 |
183 |
$252,257 |
81 |
September 2005 |
280 | $254,222 | 61 |
September 2002 |
243 | $224,235 | 52 |
* Data pulled from Heartland MLS and deemed reliable but not guaranteed. 3rd Quarter = 7/1 thru 9/30. DOM = Days On Market.
I received an email from an Overland Park reader who asked how Overland Park home sales were doing compared to past years, so above I’ve put together Overland Park’s September stats from this year and compared it to September 2008, September 2005 and September 2002. You can see home prices increased significantly from September 2002 ($224,000) to September 2005 ($254,000) and then stabilized through September 2009 ($249,000). This is what I’d expect to see as Overland Park is one of the safest real estate markets in the Kansas City metro area.
Here’s a look at a couple other large cities in the metro area, Lee’s Summit Missouri and Olathe Kansas. Notice the Days On Market (DOM) trend among all three cities. Since 2002 the days on market has roughly doubled in Overland Park and Lee’s Summit while Olathe hasn’t been quite as bad. Sales prices in Lee’s Summit have fallen back to somewhere right in between 2002 and 2005. In Olathe, home sale prices have held a little more firm and are closer to 2005 prices than 2002 prices. All in all, these stats are what I would have expected to find and we’re fortunate that we’re talking about slight losses in average property values. Other areas of the country would certainly be rejoicing if they were dealing with similar market stats.
LEE’S SUMMIT MISSOURI HOME SALES COMPARISON
Type |
# Homes Sold |
Avg Sales Price |
Avg DOM |
September 2009 |
111 | $189,735 |
119 |
September 2008 |
135 |
$206,071 |
118 |
September 2005 |
194 | $212,877 | 66 |
September 2002 |
155 | $180,922 | 58 |
* Data pulled from Heartland MLS and deemed reliable but not guaranteed. 3rd Quarter = 7/1 thru 9/30. DOM = Days On Market.
OLATHE KANSAS HOME SALES COMPARISON
Type |
# Homes Sold |
Avg Sales Price |
Avg DOM |
September 2009 |
176 | $213,780 |
99 |
September 2008 |
177 |
$226,513 |
92 |
September 2005 |
275 | $228,342 | 76 |
September 2002 |
219 | $195,306 | 58 |
* Data pulled from Heartland MLS and deemed reliable but not guaranteed. 3rd Quarter = 7/1 thru 9/30. DOM = Days On Market.
View All Kansas City Homes For Sale On Kansas City MLS
Posted by Jason A. Brown
COMMENTS CAN BE LEFT BELOW…
(Click post headline if you don’t see the LEAVE A COMMENT section.)