Overland Park Kansas Real Estate Market Update – August 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Using the 142 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.3 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $296,000, while the average sales price during the same time period was around $273,000.

Type # Average $ Avg DOM
Listings Past 15 Days 183 $296,113
Total Active Listings 639
Newest Contracts Written 167 $266,476 53
Sold (closed) Past 15 Days 142 $272,596 68

* 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 142 homes sold in Overland Park were on the market an average of 68 days. We can assist you with buying or selling a home in Overland Park, so please contact us with any questions you have about real estate in the area. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home or with buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – April 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in the city of Overland Park Kansas and comparing it to the current volume of homes for sale in the city, we find there’s 4.8 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Overland Park. Be sure to note the incredible 191 homes that went under contract the past 15 days. If anything close to that rate continues, this spring will end up being outstanding one for Overland Park home sellers.

Type # Average $ Avg DOM
Listings Past 15 Days 239 $281,248
Total Active Listings 572
Newest Contracts Written 191 $282,358 65
Sold (closed) Past 15 Days 59 $253,911 100

* 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 average new listing the past 15 days came on the market around $281,000, while the average sales price over the same period was nearly $254,000. We can assist you with buying or selling a home in Overland Park, so please contact us with the details of your home purchase or sale. You can also find details here regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Posted by Jason Brown

 

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

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

Johnson County Kansas Home Sellers Benefit From A Third Straight Month In A Balanced Real Estate Market

Checking The Pulse Of The Kansas City Real Estate Market


The June housing market stats for Kansas have been posted by the local association of Realtors and show continued improvements in both the volume of homes sold and average sales prices. State-wide, home sales rose 8.7% in comparison to June 2011. This follows last month’s huge 13.2% jump.

Average sales prices followed suit, rising 6%. This follows last months 2.8% jump in average sales prices. Using June’s sales rate compared against the volume of homes for sale, there’s 5.1 months of inventory on the market. The stats a month ago showed Kansas with 5.6 months of real estate inventory and Kansas has now been in a balanced real estate market three consecutive months.

The local Johnson County Kansas real estate market has been especially strong. In June there were 991 homes sold. Comparing that sales rate to the current volume of homes for sale in Johnson County Kansas, there’s 3.1 months of inventory on the market. This is an improvement over last months already impressive 3.3 months of inventory on the market. The inventory of homes for sale in Johnson County Kansas is lower than it’s been in more than five years, making this a great time to sell a Johnson County Kansas home. 


Posted by Jason Brown

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Kansas Real Estate Stats Show Increase In Home Sales But Lower Sales Prices

Checking The Pulse Of The Kansas City Real Estate Market


The final December stats were recently released by the Kansas Association of Realtors and it showed mixed results for the state of Kansas real estate market. Home sales rose 2.6% in the state compared to December of 2010 and the increase continues the pattern of eating into the high inventory of homes experienced in recent years. Despite the increased sales rate, home sale prices dropped from $156,161 to $144,613, a 7.4% fall December 2011 over December 2012. There were 15,274 homes for sale in Kansas at the end of December. Compared against the December sales rate of 2,175 homes sold, that’s 7.0 months of inventory on the market.


Locally in Johnson County Kansas, the December stats were much more impressive. 532 homes were sold during the month. Using that sales rate to compare against the roughly 2,800 homes for sale in Johnson County Kansas, there’s 5.3 months of inventory on the market. That’s nearly a balanced real estate market in Johnson County Kansas. Once the supply and demand stabilizes further and the months of inventory gets down to 3 or 4 months, the home buying opportunities we see today will be a thing of the past.


Posted by Jason Brown

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Overland Park Kansas Real Estate Market Update – January 2012

Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 5.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market, which is great news for Overland Park home sellers. Seeing 94 homes go under contract the past 15 days is even more impressive than 63 homes sold (closed) during the past 15 days. These market stats in Overland Park are all the more impressive considering the time of year.

Type # Average $ Avg DOM
Listings Past 15 Days 117 $267,812
Total Active Listings 744
Newest Contracts Written 94 $272,704 131
Newest Sold (Closed) 63 $245,390 163

* 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 average sales price the past 15 days in Overland Park was about $245,000, while the average new listing came on the market at nearly $268,000. If you are making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s information on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please don’t hesitate to contact us with any questions you may have.

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Posted by Jason Brown

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Get Kansas City Real Estate Market Updates Via Twitter

Checking The Pulse Of The Kansas City Real Estate Market

Want to track the Kansas City real estate market with updates via Twitter? We make it easy to keep up with our local real estate market and we provide you with detailed market updates, stats and analysis in a condensed format. We include links to the real estate you decide is important and beneficial to you. We’re constantly working to keep you updated on the real estate markets in Kansas City, Johnson County Kansas, Overland Park, Olathe, Lenexa, Leawood, Shawnee and the surrounding metro areas. So Follow Me on Twitter!


At 700+ tweets and growing, The Jason Brown Group is dedicated to staying on top of the Kansas City real estate and sharing our knowledge of the real estate market with you. The real estate information we provide will help you make the most informed real estate decisions. We don’t spin the market stats and news, we give the same information to you that we want when buying and selling our own homes. In a seller’s market, buyers struggled to get a good deal and in today’s buyer’s market, sellers are struggling to get a good deal. It doesn’t matter whether you’re a buyer or a seller, when it’s time to make a real estate decision, my group looks forward to getting you the best deal in today’s market.


Posted by Jason Brown

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Overland Park Kansas Real Estate Update – November 2011

Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 6.0 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but not far from getting Overland Park into a balanced real estate market. Fewer homes have gone under contract the past 15 days than have sold (closed) and since all pending sales don’t close, that’s a trend worth tracking.

Type # Average $ Avg DOM
Listings Past 15 Days 101 $241,195
Total Active Listings 989
Newest Contracts Written 77 $253,321 164
Newest Sold (Closed) 82 $276,392 130

* 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 average home sold the past 15 days did so in just over 4 months time. The average sales price of more than $276,000 was higher than the average new listing to come on the market over the same period – which is a solid trend. Should you be making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s some information about how we can assist you with selling your Overland Park home and buying an Overland Park area home. Please contact us with any questions!

Overland Park Kansas Relocation Information

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Overland Park Kansas Real Estate Update – January 2011

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

After calculating the absorption rate over the past 15 days in Overland Park, we find there’s 7.5 months of currently inventory on the market. This is high but still solid for a city as large as Overland Park Kansas. It’s also much better than the 9.5 months of inventory on the market in Overland Park in November’s stats.

Type

#

Average $

Avg DOM

Listings Past 15 Days

66 $279,037

Total Active Listings

1,016

Newest Contracts Written

58 $303,243 172

Newest Sold (Closed)

68 $259,279 163

* 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.

For the first time in a while, there wasn’t a glut of homes coming on the market. If that continues and there’s even a modest increase in the number of home sales, Overland Park will get back into the 5 to 7 months of inventory range — which would indicate a stable real estate market. If your real estate goals involve buying or selling a home in Overland Park, please contact me for assistance. We’d look forward to assisting you with your area home purchase or sale.

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Posted by Jason A. Brown

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I Love Working Hard With No Guarantee That I’ll Ever Get Paid — Really, I Do

Checking The Pulse Of The Kansas City Real Estate Market

I’ve got to be in the craziest profession of them all. Strictly commission based in a business where the company never even asked to see my diploma from the University of Kansas. Although the diploma didn’t end up playing a pivotal role, at least I got to play a lot of pickup basketball with some of the great KU basketball players from 1989 to 1992. Once I left college I jumped right into real estate and have since been a partner in the development of many Kansas City area home communities. For the last five years however, I’ve focused strictly on representing buyers in sellers with their Kansas City real estate needs.

For those who don’t know much about the industry, real estate agents are 100% commission based – or at least all of them I know are. There’s no base salary or draws against future income like you’ll find in sale’s positions in the insurance industry, automotive industry, etc.  But I’m not crying the blues. Though the risk is undeniable, the rewards can be many. Still, without any guarantee that there will be any check waiting for you on Friday, real estate agents must have a plan that serves their clients well if they’re to survive in this business.

I’ve read many times over how easy it is to be a real estate agent. But the truth is that it’s not easy at all. There’s so much that goes into this business if an agent is truly looking out for their client’s best interests. No it’s not hard to get licensed and it’s not too difficult to keep up with the continuing education. But for many it’s hard to remain disciplined, focused, and put in the time necessary on a daily basis to get their sellers homes sold, ensure their buyers are receiving expert guidance while all the while creating a stream of future business.

Returning messages in a timely fashion, staying organized, marketing my listings, keeping an eye out for homes that meet my buyer’s needs, following up on my client’s transactions, providing detailed market info and everything in between is what I do on a daily basis. I’m in my office at 7 am nearly every day and that’s not something you’ll get out of most agents. I’m not knocking agents who don’t come in early, but getting into the office early helps ensure there’s enough time to get the necessary business done. Buyers and sellers are counting on their real estate agent to get them the best deal and  if an agent is always rushed, there’s no way that’s happening.

Much of the time, Kansas City home buyers and sellers don’t see the subtle things a good agent has done to bring them success. But, in the end my clients know that I took care of the little things along the way. Brokers and agents certainly go out on a daily basis and assume liability and risk with no guarantee of ever getting paid. But the successful days make up for all those days spent working with buyers who never bought, sellers that stuck to the list price despite feedback the home was over-priced, and other deals that fell apart when the buyer lost their job, the appraiser decided the home wasn’t worth what the buyer was willing pay, the lender decided to run the buyer’s credit after issuing a pre-approval letter, and so on and so forth.

Posted by Jason A. Brown