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Leawood, KS. Zip Code 66209 Real Estate Stats

By Chris Dowell

Real Estate Agent with ReeceNichols Olathe

December 02, 2007 12:56 AM

The real estate stats for Leawood, Kansas zip code 66209 in the 3^rd quarter 2007 are:

The average sales price is up 4.37% to $427,900 from the previous quarter. The total number of homes sold is down 2.86% to 68 homes from the previous quarter. The average days on the market for homes that sold in the 3^rd quarter was 55 days and the average home sold for 97.2% of list price.

To view the complete Johnson County real estate stats for the 3^rd quarter of 2007, go to: http://stats.dowelltaggart.com/

To view Leawood, KS. homes for sale, go to: http://leawood.dowelltaggart.com/

Information provided by the Dowell Taggart Team http://www.dowelltaggart.com/

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Anonymous

Jason Dillabough

Yesterday the US Senate passed an expanded version of HR 5140 - an economic stimulus package that includes a temporary increase in the conforming loan limits from $417,000 to as high as $730,000 in high cost areas.

What does this mean for you?

The current conforming loan limit is $417,000; anything over that figure are considered "Jumbo" loans and aren't eligible to be financed through government-sponsored enterprises (Fannie Mae and Freddie Mac). This summer, when the private, secondary mortgage market no longer had an appetite to invest in these loans due to questions about risk, jumbo loans got much more expensive for borrowers.

To give you an example of the interest rate spread between conforming loans and "jumbo" loans, the average rate on a 30-year fixed-rate mortgage for a jumbo at Wells Fargo is 7.125% compared to 5.875% on a conforming loan, all other things being the same.

The biggest benefit is that people who have a "jumbo" loan will be able to refinance and get a reduction in their monthly payments by having the ability to obtain the lower interest rate of conforming loans rather than the traditionally higher rate jumbo loans.

     However, the increase is only going to last through December 31, 2008, so anybody looking to refinance should take advantage of this opportunity as soon as possible.
     AAA Mortgage LLC has been servicing the Kansas City Metro Area for close to ten years. As a referral based business we rely on repeat business from satisfied clients. We are totally committed to providing you a world-class level of lending service that is above and beyond expectation.
     It would be our honor to serve as your Mortgage loan specialist. Let's get together to talk about your interest rate and terms. Please call us today at 816-272-5550 or visit our website www.aaa1loan.com so we can set-up a time to meet that is easy and convenient for you.

Sincerely,

Jason Dillabough
AAA Mortgage, LLC
jdillabough@aaa1loan.com

AAA Mortgage LLC
230 SW MAIN ST SUITE 201
LEE'S SUMMIT, MO 64063
Phone: (816) 272-5550
Fax: (816) 272-5551

Feb 12, 2008 05:54 AM

Leawood, KS. Zip Code 66209 Real Estate Stats

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Chris Dowell

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