Shawnee Kansas Real Estate Market Update – March 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 32 homes sold in Shawnee the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.4 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $266,000, while the average sales price during the same time period was around $240,000.

Type # Average $ Avg DOM
Listings Past 15 Days 85 $265,582
Total Active Listings 218
Newest Contracts Written 68 $216,807 59
Sold (closed) Past 15 Days 32 $240,054 88

* 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 32 homes sold in Shawnee Kansas were on the market an average of 88 days, while the 68 homes to go under contract during the same time period did so in 59 days on average. We can help you with assessing a Shawnee Kansas home purchase or sale, 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 Shawnee Kansas home and with buying a Shawnee Kansas home.

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Posted by Jason Brown

 

Shop The Neighborhoods As Well As The Homes When Perusing Johnson County Kansas Homes For Sale

Checking The Pulse Of The Kansas City Real Estate Market

Johnson County has some really diverse areas, from communities that will allow you to store an RV beside your home to those that explicitly ban such activities. Some established areas allow chain link fences while some others require wood or even wrought iron. Some communities will even seek a lien on your for damages if you if you cut down trees on your property without the HOA’s permission. The amount of intervention really does vary greatly, so avoid the common pitfall of focusing on the “home” search so intently that you overlook the “community” search.

The community a buyer chooses often can have a direct impact on how long the buyer stays in a particular home. In other words, if the buyer isn’t enjoying their area, they’re likely to move on to another home sooner than they had planned. Certainly choosing the right home is important, but Johnson County Kansas home buyers also need to stop and consider other important factors, such as transportation to work, shopping and area amenities. When it comes to schools it’s a fact that some school boundaries change WITHIN a specific subdivision. So if schools are important, checking the school district sites for the latest boundary changes before buying will help ensure you’re getting the school you think you’re getting.

It’s not hard to go online to check what area parks, trails and facilities are nearby but you might be surprised that most buyers make a purchasing decision without having ever checked out such factors. There’s other critical factors that go above and beyond just choosing a home based on the structure. You should also consider the economic stability of the area as well as local government services and the property taxes tied to those services.


Posted by Jason Brown

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