Lenexa Kansas real estate insider ~ January 2019: Details on the balanced market & Homes for sale in Lenexa

The Jason Brown Group

Lenexa Kansas Real Estate Update

There were 11 homes sold (closed) in Lenexa Kansas the past 15 days. Comparing that sales volume to the 169 homes currently for sale in Lenexa, the city has 7.7 months of inventory on the market. This volume of real estate inventory is a jump from what we’ve seen in recent years. The holiday season is likely playing a role in the rise in months of inventory on the market and we’ll see how things look at our next update. The average new listing the past 15 days in Lenexa Kansas came on the market around a $242,000 list price and the average sales price during the same time period was nearly $270,000.

Type # Average $ Avg DOM
Listings Past 15 Days 15 $241,975
Total Active Listings 169
Newest Contracts Written 19 $322,876 74
Sold (closed) Past 15 Days 11 $270,145 84

* 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 11 homes sold in Lenexa Kansas were on the market an average of 84 days, while the more recent 19 homes to go under contract did so in 74 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Lenexa Kansas home.

The Jason Brown Group provides expert home seller representation, currently getting the majority of our listings under contract quickly and for nearly 100% of list price. We provide expert home buyer representation through the real estate process, while helping clients locate the best available area homes for sale. Learn more about how we can help you with selling a Lenexa home or buying a Lenexa home. We look forward to helping you achieve your real estate goals… Contact Jason Brown today!

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Lenexa Kansas Real Estate Market Update – January 2014 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 14 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 6.4 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $268,000, while the average sales price during the same time period was around $202,000.

Type # Average $ Avg DOM
Listings Past 15 Days 21 $267,607
Total Active Listings 179
Newest Contracts Written 16 $239,703 83
Sold (closed) Past 15 Days 14 $201,658 126

* 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 14 homes sold in Lenexa Kansas were on the market an average of 126 days. We can assist you with buying or selling a home in Lenexa, 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 a Lenexa Kansas home and buying a Lenexa Kansas home.

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Posted by Jason Brown

 

Lenexa Kansas Real Estate Update – April 2011

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 6.3 months of inventory currently on the market. This is an improvement over the 8.9 months of inventory in our March look at Lenexa’s stats. We were hoping to see the sales rate pick up with the weather but there were almost the same number of homes going under contract during the past 15 days as there were homes that closed. Although home sales in Lenexa haven’t picked up the past 15 days, we’re just now heading into the prime selling season.

Type

#

Average $

Avg DOM

Listings Past 15 Days

66 $295,140

Total Active Listings

327

Newest Contracts Written

25 $276,572 176

Newest Sold (Closed)

26 $246,249 185

* 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.

The days on market for both the homes that closed and those that recently closed is right around 6 months and higher than most Lenexa area sellers would prefer. The average list price the past 15 days was about $50,000 higher than the average sales price of the homes that closed. If your real estate goals involve buying or selling a home in Lenexa, these types of market stats will give you an advantage over your competition – whether that’s other Lenexa home sellers or home buyers. Please let us know when you’re ready to receive expert real estate guidance. 

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Posted by Jason A. Brown

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