Overland Park KS residential real estate update May 5th, 2010

Overview of Overland Park KS Real Estate Market as of May 5th, 2010 for the $400,000+ Market

Executive summary

• The amount of homes on the market is relatively steady
• The number of homes selling is slightly down
• It is spring - historically a busy time
• The tax credit program expired, ramifications TBD, although my prediction is that may will be a slow sales month since buyers were hustling to make the tax credit purchase by the end of April.
• Buyers AND sellers are getting into action

New offer added May 24th, 2010

Call TODAY for a copy of my Special Report for Johnson County KS home owners ready to sell. '29 Essential Tips That Get Homes Sold Fast (And For Top Dollar)' Call 1-866-251-4442 ext 7003 to order your copy - FREE!

Overland Park KS homes for sale $400,000 or more

• 248 - Overland Park KS homes for sale $400,000 or more a slight decrease since my last report
• 138 - Homes in Overland Park KS sold in last 6 months ($400,000+ asking price) sales are steady
• 23.0 - Average number of homes sold per month in Overland Park KS over the last 6 months
• 10.8 - Months of Overland Park KS housing inventory based on current supply and recent demand
• Overland Park KS Real Estate Market is Buyer advantaged based on current supply and recent demand
• Most often there are significant variations in the above stats based on price range
• Overland Park KS Real Estate Market prices for sale range start at $400,000 and go to $2,000,000
• Overland Park KS Real Estate actual sales prices ranged from $385,000 to $1,500,000 in the last 6 months ($400,000+ asking price)
  • Popular subdivisions in the price range include
    • LionsGate
    • Wilshire Farms
  • Luxury Subdivisions in the price range include
    • Wolf Valley Ranch
    • The Links at LionsGate
    • Mills Farm
    • Summerwood
    • Town and Country Manor
    • Estates of GlenEagles
    • Rockwood Falls Estates
    • Polo Fields
    • Wilderness Valley

Does the floor plan matter in the $400K plus price range? Let's sort out JUST 1.5 story plans. House with a first floor master, or master down, and other bedrooms upstairs in the $400K+ price range.

• 112- Overland Park KS 1.5 Story Plan homes for sale $400,000 or more - supply is also growing here
• 45 - Homes in Overland Park KS sold in last 6 months ($400,000+ asking price) unchanged
• 7.5 - Average number of homes sold per month in Overland Park KS over the last 6 months
• 14.9 - Months of Overland Park KS housing inventory based on current supply and recent demand - increased
• Overland Park KS Real Estate Market is Buyer advantaged based on current supply and recent demand
• Most often there are significant variations in the above stats based on price range
• So it looks like the change in floor plan make a difference in the relative amount of supply and demand

Relocating to Greater Kansas City- Overland Park KS offers

• Central Location in Metro Kansas City
• Sought after address
• Eastern Location in Johnson County KS
• Just minutes to world class shopping, restaurants, and entertainment at the County Club Plaza
• Quick drive to downtown Kansas City
• Easy access to Highways
• Overland Park has great shopping, entertainment, and restaurants
• Accessible to Downtown Kansas City
• Close enough to Country Club Plaza to go every weekend

Make the smart move contact me

• Ken Jansen, Broker, Jansen Realty Group, Inc.
• Straight Forward Advice
• Effective Marketing
• Results Oriented
• Ken@KansasCityRealEstate411.com
• www.KansasCityRealEstate411.com
• Phone 913.908.2215
• Fax 913.273.1201