Where Did All the Lawrence Kansas Homes For Sale Go? Buyers were spoiled with the tremendous buyer's market starting in June 2007 when there were 1,620 Lawrence KS houses for sale. Today there are only 382 Lawrence KS houses for sale and for the past few months, it has been a sellers' market in several price ranges.
Buyers used to be able to take their pick of 20 to 25 properties in their price range and needed features. Now, in some cases, buyers are given one property to choose from and the choice is grab it now or someone else will beat you to it.
One of my listings was the only property left on the market with 3 BR, 2 BA, 2 car garage with no basement, in the $140,000 price range the buyer had. There were only two comps SOLD in the previous year, both of which had smaller sqft, that SOLD for $141,000 and $140,000. The buyer paid full price knowing it was appraised at over $144,000 and their choice was to either keep renting or to buy this property.
I recently SOLD a new listing I got that had been on the market for 4 months for $5000 less than what I wanted to list it for. The sellers agreed and I had it SOLD for full asking price to one of my buyers before it came on the MLS and the buyers knew it was worth every penny of it as they had looked at the few other houses and either found it to go under contract before they decided to act on it or it needed way to much work or didn't have the features they needed.
I have two listings that I am talking with my sellers about raising their asking price $10,000 each because their property is worth it and there are not enough properties to compete with.
The Lawrence Kansas real estate market is changing very rapidly. Set up an appointment with Rob Lang, At Home Kansas, 785-393-2274 and he will answer questions like Where Did All the Lawrence Kansas Homes For Sale Go?
Comments(0)