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

cross posted at www.johnsoncountyhomereport.com

Overview of Overland Park KS Real Estate Market as ofJune 22nd, 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 early summer - historically a busy time


• Buyers AND sellers are getting into action

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

• 253 - Overland Park KS homes for sale $400,000 or more a slight decrease since my last report


• 160 - Homes in Overland Park KS sold in last 6 months ($400,000+ asking price) sales are steady


• 26.7 - Average number of homes sold per month in Overland Park KS over the last 6 months


• 9.5 - Months of Overland Park KS housing inventory based on current supply and recent demand


• Overland Park KS Real Estate Market in the $400K+ price range 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 $2,600,000 - thanks in part to the recent addition of Wolf Valley Ranch to the City of Overland Park


• 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 this price range include
    
    
    
    • LionsGate
    
    
    • Wilshire Farms
    
    
    
    
  
  
  • Luxury Subdivisions in the price range include
    
    
    
    • Wolf Valley
    
    
    • 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 change the buyer/seller market 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.

• 111- Overland Park KS 1.5 Story Plan homes for sale $400,000 or more - supply is steady


• 59 - Homes in Overland Park KS sold in last 6 months ($400,000+ asking price)


• 9.9 - Average number of homes sold per month in Overland Park KS over the last 6 months


• 11.3 - 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 DOES 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