Tuesday, November 8, 2016

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

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


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

Scarborough, Scarborough Subdivision, Scarborough Olathe, Olathe


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

Home For Sale in September 2016: 5 units.

Down 28.6% compared to the last month
Down 28.6% compared to the last year

Home Listed in September 2016: 3 units.

Down 25% compared to the last month
Up 50% compared to the last year

Home Closed in September 2016: 3 units.

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

Home Placed under Contract in September 2016: 1 units.

Down 66.7% 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


September 2016 Average Sold Price per Square Footage is Neutral in the Scarborough Subdivision*

Average Sold Price per Square Footage in September 2016:$94 

Down 16.8% compared to the last month
Up 6.8% compared to the last year

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


September 2016 Average Days on Market trend is Rising in the Scarborough Subdivision*

Average Days on Market in September 2016: 17 

Up 6.3% compared to the last month
Down 63.8% compared to the last year

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


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

Months of Inventory based on Closed Sales in September 2016: 1.7 

Up 42.9% compared to the last month
Down 25.7% 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




Scarborough, Scarborough Subdivision, Scarborough Olathe, Olathe