Tuesday, November 8, 2016

Real Estate Market Report for the Devonshire Subdivision in Olathe, KS - Is it a buyer's, seller's or a neutral real estate market?

Real Estate Market Report for the Devonshire Subdivision in Olathe, KS


Is it a buyer's, seller's or a neutral real estate market?

Devonshire, Devionshire Subdivision, Devonshire Olathe, Olathe


September 2016 is a Seller's market in the Devonshire Subdivision*

Home For Sale in September 2016: 2 units.

Down 50% compared to the last month
Up N/A compared to the last year

Home Listed in September 2016: 1 units.

Down 75% compared to the last month
0% compared to the last year

Home Closed in September 2016: 2 units.

Down 71.4% compared to the last month
0% compared to the last year

Home Placed under Contract in September 2016: 1 units.

Down 50% compared to the last month
0% compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales


September 2016 Average Sold Price per Square Footage is Appreciating in the Devonshire Subdivision*

Average Sold Price per Square Footage in September 2016:$124 

Up 11.7% compared to the last month
Up 49.4% compared to the last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral


September 2016 Average Days on Market trend Remains Steady in the Devonshire Subdivision*

Average Days on Market in September 2016: 26 

Up 550% compared to the last month
Up 4% compared to the last year

*Based on 6 month trend - Rising/Falling/Remains Steady


September 2016 is a Seller's market in the Devonshire Subdivision*

Months of Inventory based on Closed Sales in September 2016: 1 

Up 70% compared to the last month
Up N/A compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales




Devonshire, Devionshire Subdivision, Devonshire Olathe, Olathe