Tag Archives: Shawnee Kansas Real Estate Agents

Shawnee Kansas Real Estate Market Update – December 2013 Update

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Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 23 homes sold in Shawnee the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.9 months of inventory on the market. This amount of inventory indicates a slight seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $210,000, while the average sales price during the same time period was around $242,000.

Type # Average $ Avg DOM
Listings Past 15 Days 31 $210,212 —
Total Active Listings 223 — —
Newest Contracts Written 19 $237,986 56
Sold (closed) Past 15 Days 23 $241,870 63

* 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 23 homes sold in Shawnee Kansas were on the market an average of 63 days, while the last 19 homes to go under contract did so in average of 56 days. We can help you with buying or selling a home in Shawnee or the surrounding area, so please contact us with any questions you have about Shawnee Kansas real estate. You can also start the process by finding detailed real estate information on our site regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home.

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Shawnee Kansas Real Estate Market Update – November 2013 Update

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Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 37 homes sold in Shawnee Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.3 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in the city of Shawnee. The average new listing the past 15 days came on the market around $241,000, while the average sales price during the same time period was around $243,000.

Type # Average $ Avg DOM
Listings Past 15 Days 52 $241,166 —
Total Active Listings 245 — —
Newest Contracts Written 35 $240,888 67
Sold (closed) Past 15 Days 37 $242,485 72

* 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 37 homes sold in Shawnee Kansas were on the market an average of 72 days, while the last 52 homes to go under contract did so in 67 days. We assist home buyers and home sellers in Shawnee Kansas, so please contact us with any questions you have about real estate in the area. You can also find in-depth details on our website regarding selling a Shawnee Kansas home and with buying a Shawnee Kansas home.

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Posted by Jason Brown

 

Continued Improvement In Real Estate Market Has Nearly Pushed State Of Kansas Into A Seller’s Market

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Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtors stats (for the month of March) indicate a strengthening real estate market in the state of Kansas. The volume of home sales continue to rise and with that trend average sales prices are trending higher as well. Overall in Kansas, home sales increased another 4.1% in March, compared to March 2011 market stats. This follows a 3.4% increase at last months check.

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The state has moved back into a balanced real estate market with 5.3 months of inventory on the market. If next months stats show any further improvement, Kansas is likely to move into a seller’s real estate market. The 5.3 months of inventory is a huge reduction over the 7.4 months inventory last month. The rise in home sale prices was even more impressive, with average sales price rising a massive 9% compared to March of last year. This improvement follows up last months even larger 10% increase. 

Locally in the Johnson County Kansas area, the real estate market continues to favor home sellers. Over the past month there were 725 homes sold (closed) and comparing this sales rate against the current volume of homes for sale, it calculates to 2.9 months of inventory on the market. This is an improvement over last month’s already seller dominant 3.1 months of inventory.


Posted by Jason Brown

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Shawnee Kansas Real Estate Market Update – March 2013 Update

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Checking The Pulse Of The Kansas City Real Estate Market

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

Looking at the past 15 days of real estate sales activity in the city of Shawnee Kansas and comparing it to the current volume of homes for sale, we find there’s 3.1 months of inventory in the city. This amount of inventory indicates a seller’s real estate market and it’s the lowest volume of inventory I’ve seen in Shawnee Kansas since in more than five years. The average new listing the past 15 days came on the market around $243,000 and the average sales price during the same time period was nearly $216,000.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $242,585 —
Total Active Listings 225 — —
Newest Contracts Written 52 $246,595 91
Sold (closed) Past 15 Days 36 $215,662 159

* 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 36 homes that sold (closed) in Shawnee Kansas were on the market an average of 159 days. But that time is improving greatly as the last 52 homes that went under contract were on the market just 91 days on average. Whether you’re looking to buy or sell a home in Shawnee Kansas, my real estate group can assist you through the process. Please contact us with any real estate questions you may have and you will find more details here regarding selling a Shawnee Kansas home and buying a Shawnee Kansas home.

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Posted by Jason Brown

 

Shawnee Kansas Real Estate Market Update – January 2012

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

After calculating the absorption rate over the past 15 days in Shawnee Kansas, we find the city has 12.1 months of inventory currently on the market. This amount of inventory represents a buyer’s market in Shawnee Kansas. Slow sales (closings) are to be expected at this time of year, since most of the home closings will reflect contracts written during the holiday season. An interesting aspect of these stats is the 39 homes that went under contract the past 15 days. That’s a huge number for the city of Shawnee. If we were to use that sales rate (assuming all of them will close) to recalculate the months of inventory on the market in Shawnee, it would be a much improved 4.1 months of inventory on the market.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $230,371 –
Total Active Listings 315 – –
Newest Contracts Written 39 $171,694 182
Newest Sold (Closed) 13 $168,572 109

* 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 was $168,572, while the average price of the new listings to hit the market was $230,371. If you are making plans to buy or sell a home in Shawnee Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Shawnee KS home or with buying a Shawnee KS area home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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Shawnee KS Real Estate Update – January 2010

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

Using the past 15 days of Shawnee Kansas market statistics (see chart below), we can figure the absorption rate in  Shawnee to be 10.4 months of inventory on the market. This is high and indicates there’s too much supply for the current demand we’re seeing. Keep in mind this is a slow time of years for sales and looking at 15 days of market stats is simply a glance at what’s going on in Shawnee. Market stats can also change quickly and if all 24 Pending sales were to close (and we used that figure instead to figure the absorption rate), there would be 6.5 months of inventory on the market. So things can change quickly.

Type
#
Average $
Avg DOM
Listings Past 15 Days
 47 $255,172
–
Total Active Listings
 312
–
–
Newest Contracts Written
 24
 $225,247 155
Newest Sold (Closed)
 15
 $243,250 208

* 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 average sales price of $243,250 is solid compared to the average list price of $255,172 over the same period. I am concerned that the 24 homes that went under contract had an average list price of $225,247. If you’re considering selling or buying a Shawnee Kansas home, you’ll need more than just 15 days of market stats. You’ll also need market stats specific to the area that most interests you. Real estate is certainly LOCAL, so never rely solely on city-wide statistics when making a buying or selling decision. Please let me if you need personalized real estate information.

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