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Overland Hills Papillion, NE Market Update

By
Real Estate Agent with Nebraska Realty - NE RE# 20030540

With Spring just around the corner, home owners start thinking about selling their home before the next school year.  Overland Hills in Papillion, Nebraska has five different phases and over 750 homes.  Over past three years, Overland Hills area, sales have averaged 47 homes sold per year.  In 2007 34 homes sold, 2006 there were 55 homes sold, and 2005 there were 52 homes sold.  Currently, as of March 18, 2008, there are 3 active listings and 8 homes sold since January 1, 2008. This puts the months supply of home for Overland Hills in Papillion at a 1 month supply.  This is a great sign for the area, however, the overall market conditions for the Papillion area remains a buyer's market.  The number of Papillion homes for sale is currently 220 with 23 sales in February 2008; this puts Papillion's month's supply of homes at 10.1 months. Months supply is the current active listings divided by the monthly number of homes sold.  Six months' supply is considered a balanced market - when the number of listings roughly equals the number of buyers.  Numbers over six represent a buyers' market and those below a sellers' market. A sellers market is a month's supply of 6 or less.

MLS #StatusPriceDOMAddressStyleBRBTHTSqFt
20723688ACTIVE$150,000 137502  Laramie CirTri-Level331686
20804891ACTIVE$134,900 81135  DEVON DRSplit Entry321426
20805309NEW$175,000 5908  Buckboard BoulevardTri-Level432475
20802541PENDING$180,000 01105  Horseshoe Circle1.5 Story432185
20722631PENDING$142,500 89301  Overland TrlSplit Entry321635
20707057PENDING$150,000 771013  Shawnee RdSplit Entry332108
20803302PENDING$172,500 11901  FortTri-Level331932
20720430PENDING$129,900 751112  Devon DrSplit Entry321540
20801139PENDING$136,900 241121  Shawnee RoadSplit Entry321464
20802743PENDING$150,000 26904  Fort StreetMulti-Level331569
20723081SOLD$119,000 42602  Laredo RdSplit Entry331544
20721284SOLD$143,000 81504  Laramie CircleTri-Level332125
20724719SOLD$138,500 291204  Buckboard BoulevardSplit Entry321438
20800998SOLD$135,000 281107  Shawnee RoadSplit Entry321522
20800568SOLD$129,900 41015  Mesa CircleMulti-Level321426
20802675SOLD$100,000 5309  Flint CircleTri-Level331558
20725455SOLD$131,000 591110  Shawnee RdSplit Entry321464
20800190SOLD$147,400 31001  ConestogaMulti-Level331510

If you would like to live in Overland Hills in Papillion, NE "the #6 best town to live according to Money Magazine", I would love to help you buy or sell your home.  Check out my website: http://www.omaharealtypro.com/ to search the Omaha MLS, sign up for my Home Finder service, and to learn how I can help you sell your home.   

 Disclaimer: Statistics presented by Steve Lauver DEEB Realty, Information has not been verified, is not guaranteed, and is subject to change. Source: Great Plains REALTORS Multiple Listing Service, Inc.  Sale data doesn't include private sales.

Best regards,
Steve Lauver
REALTOR

DEEB Realty - The Better Choice
tel.:402-689-7550
fax:
stlauver@cox.net
http://www.OmahaRealtyPro.com