Home Values in Bel Air Heights Overland Park KS for May 2013
Wondering what the home values are for some of Overland Park's most popular neighborhoods such as Bel Air Heights?
Bel Air Heights Overland Park KS Home Prices
The home values in Bel Air Heights Overland Park KS for May 2013 show 3 single family home sales, however, I expect the number of sales for the area to increase as long as inventory increases. The average sales price for May 2013 is shown per the MLS as being $124000. While there are still some great deals on homes in Overland Park KS, home prices are increasing. Many of our listings as well as the overall home market inventory are starting to sell as soon as they hit the market and many with multiple offers. Having a good real estate agent that is a hyperlocal agent for the area that you are interested in, is a must. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Overland Park home on which you are making an offer.
Low inventory in Bel Air Heights Overland Park and Johnson County KS has multiple offers coming in on homes similar to what we saw back during the housing rush to buy in 2007. However, I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. To see the current home market inventory for Bel Air Heights click the link.
If you are interested in how much current single family inventory is on the market in Bel Air Heights Overland Park KS you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. For May 2013, the neighborhood of Bel Air Heights Overland Park, single family homes had an average time of 13 days on the market before they sold. This is down significantly from the prior month which suggests that homes are selling quicker. This is largely due to the continuing lack of home market inventory for Bel Air Heights.
More importantly, look at how much the increase of the sale price to list price ratio for 2013 for Bel Air Heights. Wow! That is indicative that the lack of inventory for homes for sale in Bel Air Heights is favoring Sellers. What a great time to sell your home.
Bel Air Heights Overland Park KS Real Estate Report Summary
The low inventory of homes for sale in Bel Air Heights continues to contribute to the total number of home sales remaining stable. There is continued high demand for homes in the North section of Overland Park. The reduction in the average sales price for May 2013 as compared to the prior month is likely due to the lack of inventory that is on the market Time to consider selling Bel Air Heights Sellers.
Find Homes for Sale in Bel Air Heights Overland Park KS
Visit my website to search homes for sale in Bel Air Heights Overland Park KS or to be notified when Overland Park homes come on the market. Home values in Bel Air Heights Overland Park KS for May 2013 continue to show we have an improving home market.
To find out what your home is worth in the current market email me or call me direct 816-520-0917.