Johnson County Kansas Real Estate Market Outpacing State Of Kansas Overall Stats

Checking The Pulse Of The Kansas City Real Estate Market

My National Association of Realtors (NAR) report on May’s real estate market stats indicates that home sale fell more than 20% compared to last May. That may seem startling but we were still in the home tax credit era at that time last year, so you’d expect stats from a year ago to be better. NAR points out that May 2011 home stats compare favorably to May 2009 home stats (when there was no tax credit in effect skewing the numbers). The actual sales figures for 2011 compared to 2010 were 2,760 to  3,484 homes sold, respectfully. Nationally home sales fell 15%, May 2011 compared to May 2010.


When we compare the 20,261 homes for sale in Kansas (at the end of May) to the 2,760 homes sold during the month of May, we find there was 7.3 months of inventory on the market in the state of Kansas at the end of May. The average sales price in May of this year was $156,432, which is virtually identical to the $156,521 in May 2010. It’s apparent that Kansas home sellers continue to face a buyer’s market this summer.

Locally in Johnson County Kansas, the market continues to stabilize. 704 homes were sold in Johnson County Kansas this May. Compare that monthly sales rate to the 4,148 homes currently for sale in Johnson County Kansas and we find there’s 5.9 months of inventory in Johnson County. That amount of inventory is considered a stable real estate and could be a very good sign for Johnson County home sellers.


Posted by Jason Brown

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Home Prices Show Signs Of Stabilizing In Kansas Despite Significant Drop In Volume Of Sales

Checking The Pulse Of The Kansas City Real Estate Market

The recent Kansas Association of Realtors (KAR) report on February’s real estate market indicates both the volume of home sales and average sales prices are trending down in the state. Overall in the state of Kansas, home sales (closings) fell 7.7% in February 2011 compared with February of 2010. This is vastly different from the 5% rise in average sales price we saw in last months’ report. Home prices did stabilize though and the 1.8% drop in sales prices was much improved after last month’s report which showed an 8% fall in home prices. Compared to the 5.2% national drop in home prices, Kansas appears much more stable than other U.S. markets.

There’s currently 11.7 months of inventory on the market in the state of Kansas, which is almost 1.5 months less than in last month’s report. Looking closely at our local market in Johnson County Kansas, 351 homes were sold (closed) in February. This was just slightly less than the 369 home sales in Johnson County in February 2010. Comparing this February’s sales rate  (adjusting for the short month) to the 3,786 Johnson County Kansas homes for sale, there’s 9.2 months of inventory available. This indicates a buyer’s real estate market in Johnson County Kansas and presents first time home buyers, move-up buyers and buyers considering a lateral move with an excellent opportunity to explore their options.

Posted by Jason A. Brown

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Do Realtor Designations Really Mean All That Much?

Checking The Pulse Of The Kansas City Real Estate Market

I’ve never found Realtor designations to be of much importance.  When I first got into the business back in the early 1990’s, I “earned” a couple of designations. It wasn’t a memorable experience however. One thing I do remember about getting those designations was how they didn’t really make me feel I was all the sudden a much better Kansas City real estate agent. From that point forward I swore off Realtor designations.

Well, I did earn one more designation that year. It was the School of Hard Knocks designation and that one was well-earned. But even that designation isn’t being flaunted on my business card or web site. I’ve never considered going and getting a bunch of designations so I could bring them up during a listing presentation or at an initial buyer consultation.  Clients never asked me about them and I concluded they had little redeeming value.

Yet to this day many agents swear by them. I’ve heard enough good things to make me think the E-Pro designation could provide a good value proposition to many agents. But since I’m already a leading online Realtor and teach classes on having an online presence, I’m sure it would prove remedial to me. This is reinforced by many agents I know who have the E-Pro designation not having a great grasp on how to implement the tools that will put their buyers and sellers at an advantage in their real estate transactions. So please pardon me if I’m skeptical.

I don’t want to completely discount designations though. Any education that an agent receives in getting a designation is beneficial. I’ve also heard that the GRI is a long process and that must mean there’s some real learning going on there. Some agents won’t send a referral to an agent without the CRS designation. If that’s true I’ve no doubt lost some referral opportunities. But the majority of the others aren’t much more than a several hundred-dollar check and a pre-printed designation handed at the conclusion of the class.

The SHK designation I previously mentioned is what I’d be looking for if I need an agent in another state to help me purchase a vacation home.  That means experience folks. Let me ask you this… Would you prefer your pilot to have graduated middle of the class but have years of experience or would you prefer a pilot who graduated at the top of their class but is making their maiden flight?

Experience is the key to helping clients buy and sell real estate. If you’re new to the business and lack experience, you have to try to make up for it with effort and persistence, until you have the experience. When a new potential client wants to find out whether I know what I’m doing, they ask about my experience – not about what designations I have. They also want to know I care about their success and that I’m creative and cutting edge in helping them accomplish their goals. They don’t want to know how much I’ve spent on trendy designations.


Posted by Jason A. Brown

Don’t Ask Your Kansas City Realtor If It’s A Safe Neighborhood

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

Fair Housing laws can put us Kansas City real estate agents in a difficult position. I’ve had the occasional home buyer get upset when I try and explain that I can’t tell them whether they should choose a particular school district. Some say that help with Johnson County Kansas schools is why they hired me. Other’s – often parents of young homebuyers – will ask if the home is in a safe area. I nearly got fired when I tried to explain to a client’s father that I couldn’t answer that question. We became buddies before the home search was over but we were on shaky ground for a good hour or so.

Buyer’s don’t need to panic because real estate agents are able to point home buyers to information on area school districts as well as where to find info to determine whether the buyer believes it’s safe place to live. I just can’t make a blanket statement on either issue. Fair Housing laws are important because they protect the public from being discriminated based on race, creed, color nationality, marital status, familial status, etc. With that in mind, Kansas City real estate agents can’t take part in steering clients to any particular area, city, school district, lake, street… you get the idea. 

So when I’m representing you in your home purchase, don’t ask me “is this a safe area”. Instead, ask me where you can get your hands on the area’s crime reports/statistics.  Don’t ask me “is this the right school district for your children”. Instead, ask me if I’d feel comfortable putting my kids in the schools. See the difference? I can’t steer you to any particular area. But I can steer myself. An even better question is where you can get your hands on the facts, stats and reports that will help you make an informed decision. For this reason, I have links to area schools and crime statistics all around my web site, www.JBPRealtyGroup.com.  

Posted by Jason A. Brown

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