Wednesday, November 25, 2015

Thinking of buying or selling a home in Olathe? Checkout this Olathe Real Estate Facts and Trends Report - It is a Seller's Market in Olathe - prepared by Chris Dowell of ReeceNichols Real Estate.

Thinking of buying or selling a home in Olathe? Checkout this Olathe Real Estate Facts and Trends Report - It is a Seller's Market in Olathe - prepared by Chris Dowell of ReeceNichols Real Estate. 

October 2015 is a Seller's market

  • There were 525 homes for sale in October. That is down 3.3% compared to the last month and down 19% compared to the last year.
  • There were 183 homes closed in October. That is down 13.3% compared to the last month and down 12.4% compared to the last year.
  • There were 115 homes placed under Contract in October. That is down 31.5% compared to the last month and down 31.1% compared to the last year
  • The average days on the market was 44 days in October. That is up 4.8% compared to last month and down 6.4% compared to last year.
  • The average list price was $324,000 in October. That is up .9% compared to last month and up 6.9% compared to last year.
  • The average sold price was $259,000 in October. That was up 2.8% compared to last month and down 1.5% compared to last year.
  • Based on closed sales, there is 2.9 months of real estate inventory in October. That is up 11.7% compared to last month and down 6.5% compared to last year. A supply of less than 6 months of real estate inventory is a seller's market.


  
Wouldn’t it be nice to know what the home down the street in listed for or what the home next door sold for? Who really wants to call a salesperson every time a home in the neighborhood lists or sells?


Is there really a way to find out about the ongoing neighborhood real estate market facts and trends without contacting a salesperson and getting put on a mailing list? Sure there is and over 50,000 Kansas City homeowners are taking advantage the notification system.
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Chris offers the ReeceNichols' exclusive MyNeighborhood Report to each Olathe homeowner. The MyNeighborhood Report is customized to your neighborhood, and can offer you great insight into true real estate market conditions. Chris can also schedule this report to be sent to you monthly so that you can stay on top of the real estate trend in your neighborhood.
This "Free" MyNeighborhood Report includes:
  • Interactive Neighborhood Map of your neighborhood
  • Real Estate Market Snapshot of your neighborhood
  • Real Estate Market Price Trends for your neighborhood
  • Home Sales by Price Range for your neighborhood
  • Property Details (for sale, pending, and sold properties) for your neighborhood
Please visit my website to request your personalized MyNeighborhood Report for your neighborhood.
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Thinking of buying or selling a home in the future . ..
but wondering how the Garmin expansion, hike in interest rates, Sprint layoffs, change in home values, low real estate inventory, increase in relocation buyers and the holiday season will affect you?

Real Estate is local and these changes affect everyone differently. Want to know how it affects you?

Let's talk . . .

Chris Dowell
Mobile: (913) 712-9313
Office: (913) 254-2470
ReeceNichols Olathe




Serving Johnson County, KS including: Olathe, Gardner, Spring Hill, Edgerton, Overland Park, Leawood, Lenexa, De Soto, Shawnee, Prairie Village, Mission and Stilwell.