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Prairie Village Kansas, Johnson County, suburban Kansas City, Housing Market Update July 31st, 2009

By Ken Jansen

Real Estate Agent with Prime Development Land CO LLC

July 31, 2009 07:38 AM

Prairie Village Kansas, Johnson County, suburban Kansas City, Housing Market Update July 31st, 2009

Prairie Village is a gorgeous and sought after suburb of Kansas City with quite a variety of homes for sale. Let's break down the Prairie Village real estate market by price range.

How many homes are for sale in Prairie Village at or under $250,000?

As of July 31st, 2009 there are 82 homes listed for sale in Prairie Village Kansas, suburban Kansas City in Johnson County with an asking price at $250,000 or less. Since March 1st, 2009 158 homes have sold in Prairie Village, KS at $250,000 or less. A seller advantage in the under 250K range in Prairie Village at the moment, not that every house is in a bidding war or anything like that, just that demand is greater than the average supply. The $8,000 tax credit for housing stimulus is working well in this price range.

How many homes are for sale in Prairie Village from $250,000 to $450,000?

As of July 31st, 2009 there are 33 homes listed for sale in Prairie Village Kansas, suburban Kansas City in Johnson County with an asking price between $250,000 to $450,000. Since March 1st, 2009 39 homes have sold in Prairie Village, KS between $200,000 and $350,000. The real estate housing market seems to be pretty balanced in the price point.. Prairie Village continues to exhibit a strong draw to buyers for its mature trees and central location.

How many homes are for sale in Prairie Village from $450,000 to $600,000?

As of July 31st, 2009 there are 10 homes listed for sale in Prairie Village Kansas, suburban Kansas City in Johnson County with an asking price between $450,000 and $600,000. Since March 1st, 2009 4 homes have sold in Prairie Village, KS between $450,000 and $600,000 A strong buyer market exists in this price range in Prairie Village

How many homes are for sale in Prairie Village from $600,000 to $850,000?

As of July 31st, 2009 there are 15 homes listed for sale in Prairie Village Kansas, suburban Kansas City in Johnson County listed at $600,000 to $850,000. March 1st 2009, only one listed home has sold in this price rangte.3 homes have sold in Prairie Village, KS between $600,000 and $850,000 A strong buyer market exists in this price range for the Prairie Village housing market. Besides the obvious causes of a generally poor economy and downward turn in this price point for demand, it is also possible that some buyers are choosing Overland Park or Leawood at this price.

How many homes are for sale in Prairie Village for $850,000 or more?

As of July 31st, 2009 there are 11 homes listed for sale in Prairie Village Kansas, suburban Kansas City in Johnson County with an asking price of $850,000 or more. March 1st , 2009, 3 homes have sold in Prairie Village, KS at the $850,000 and over price point. This is a definate buyer's market at this price point as there is a over a years worth of homes on the market compared to demand. Home buyers in luxury price range may also be considering homes in Mission Hills KS.

How much is my Prairie Village house worth?

The overall trend is picking up as far as sales volume compared to late 2008. Credit is getting slighly easier to obtain although it will not return, at least anytime soon, to the easy credit access of 2003-2005. Those days are long gone.

Buyers are very interested in the $8,000 tax credit which is spurring interest in the market. This seems to be especially true for the under $250,000 price range. Time is running out to take advantage of the progam as buyers MUST close on or before the end of November 2009

In General, interest rates are at or near generational lows, assuming you have good credit. Now is a great time to buy, while activity is starting up and there is time to get your low low low interest rate locked in.

How much is your home worth?

Contact information has been updated below